Directed Energy Weapons Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Directed Energy Weapons Market size is expected to be valued at USD 4,564.8 million in 2022 and is expected to grow at a CAGR of 19.1% in 2022-2028. Directed energy weapons are a weapon that releases a fixed force and transmits that force to the target. The targeted weapons market is recognized for manufacturing very strong beams. They extensively utilize one optical system to trail or simply emphasize on the target. Lasers are measured to be the most innovative type of directed energy weapon. Also, the poles can be easily surrounded by mirrors to abolish imperceptible targets from the origin. The increasing demand for these weapons in the military and defense sector can lead to the directed energy weapons market growth. Moreover, widespread research and development in the field of directed energy technology and the rise in the number of terrorist events and ongoing global conflicts are some primary factors that can boost the global directed energy weapons market. Apart from these, the necessity for low-cost accurate weapons and the growing demand for non-lethal arms can also accelerate the market in the future. Fast urbanization, lifestyle change, increase in investments, and growing spending of consumers can also drive the global market further. However, some factors such as the high cost of development and the use of lasers which are anti-personal can restrain the growth of the market. The use of directed energy weapons for law implementation tasks and growing obstacles in creating military-directed energy systems can hinder the market growth. Companies should focus on advancements in laser technology and an increase in unmanned aerial vehicles (UAVs) placement that can create an opportunity for the global directed energy weapons market growth.

Key Developments:

In March 2021, MBDA signed a contract to improve the precision of Britain’s ‘Dragonfire’ ship laser gun

In February 2021, Raytheon’s High-Energy Laser Weapon System 2 which is a system designed to counter drone pressures was developed by The US Air Force.