Directed Energy Weapons Market by Technology, Platform, Application, Range, Product and Region – Global Forecast to 2026 – PRNewswire

Directed Energy Weapons Market by Technology, Platform, Application, Range, Product and Region – Global Forecast to 2026 – PRNewswire

DUBLIN, Nov. 9, 2021 /PRNewswire/ — The “Global Directed Energy Weapons Market by Technology (High energy lasers, High-power microwave, electromagnetic weapon technology, Sonic weapon technology), Platform (Land, Airborne, naval, Space), Application, Range, Product and Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The directed energy weapon market is valued at USD 4.3 billion in 2021 and is projected to reach USD 10.1 billion by 2026 at a CAGR of 18.7%.

The key drivers propelling growth of the global directed energy weapons market is the defense of terrorist attacks, chemical, biological, radiological, and nuclear materials so that civilian lives and the national security of a country can be preserved. Directed energy weapons like lasers, high power microwaves, and electromagnetic weapons are being used to defend against attacks from threats like ballistic missiles, anti-satellite weapons, and nuclear weapons, etc.

The directed energy weapon market includes major players Lockheed Martin Corporation (US), Raytheon technologies (US), Northrop Grumman Corporation (US), The Boeing Company (US), Thales Group (France), Leonardo SPA (Italy), BAE Systems (UK), Elbit Systems (Israel) and L3Harris Technologies (US). These players have spread their business across various countries includes North America, Europe, and the Asia Pacific.

The military segment of the market is projected to grow at the highest CAGR from 2021 to 2026.

Based on application, the military application segment is estimated to capture the largest share of 70.78% of the total directed energy weapons market in 2021 due to the increase in demand for precise technology in lethal weapons from military forces, globally

Based on platform, the Naval platform segment is projected to grow at the highest CAGR during the forecast period.

Naval directed energy weapon systems consist of weapons that are used in naval applications, for instance, on combat ships and submarines, among others. The naval segment is further divided into combat ships, submarines, and unmanned surface vehicles. Defense ships are specifically designed for use by coast guards and naval forces to ensure the security of water borders.

The North American region is estimated to account for the largest share of the directed energy weapons market in 2021

The directed energy weapons market in the North American region is expected to witness substantial growth during the forecast period, owing …….

Source: https://www.prnewswire.com/news-releases/directed-energy-weapons-market-by-technology-platform-application-range-product-and-region—global-forecast-to-2026-301419749.html

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