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Thursday, June 30, 2022

Global Directed Energy Weapons (DEW) Market to be Driven by the Rising Expenditure Aimed Toward Advancing Warfare Weapon Systems in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Directed Energy Weapons (DEW) Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global directed energy weapons (DEW) market, assessing the market based on its segments like product types, technologies, applications, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

• Historical Market Size (2021): USD 3.5 Billion
• Forecast CAGR (2022-2027): 18.48%
• Forecast Market Size (2027): USD 9.7 Billion

The rising expenditure aimed toward advancing warfare weapon systems is driving the market growth. The growing use of weapons in the military sector that reduces the chances of casualty of personnel, coupled with the increasing demand for DEWs by the commando forces to carry out anti-terrorism operations, is anticipated to propel the market growth in the forecast period. Moreover, the market is likely to be aided by the increasing spending on chemical lasers owing to their high accuracy and damage capabilities. Geographically, North America accounts for a significant share in the market. The United States is one of the highest military spenders, and rapid technological advancements in military applications are anticipated to provide impetus to the market in the coming years.

Industry Definition and Major Segments

Directed energy weapons (DEW) refer to the type of weapons that use the force produced by an atomic or subatomic particles or a beam of concentrated electromagnetic energy to kill or injure an enemy. Directed energy weapons include sonic and ultrasonic equipment that are capable of inflicting great damage to almost any object. Moreover, this weapon system emits energy in an aimed direction instead of a projectile.

On the basis of product type, the market can be bifurcated into:

• Lethal
• Non- Lethal

Based on technology, the market is segmented into:

• High Energy Laser
• High Power Microwave
• Particle Beam
• Others

The market, based on application, is segmented into:

• Homeland Security
• Defence

The significant end-uses of directed energy weapons (DEW) are:

• Airborne
• Gunshot
• Land Vehicles
• Ship Based

The regional markets for directed energy weapons (DEW) include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Market Trends

The key trends in the market for directed energy weapons (DEW) include the increasing military expenditure of sovereign nations amidst the increasing geopolitical tensions and escalating terrorism. In addition to this, the surging international cooperation in the military sector, including the acceleration of military exercises, is likely to spearhead the demand for DEW in the forecast period. The growing R&D activities by the major defence equipment manufacturers are likely to significantly contribute to the growth of the market. Furthermore, the increasing investments in the development of laser and frequency weapons are likely to augment the market for directed energy weapons (DEW) in the forecast period.

Key Market Players

The major players in the market are Roketsan Roket Sanayii ve Ticaret A.S., Applied Companies Corporation, BAE Systems plc, Lockheed Martin Corporation, The Boeing Company, and Raytheon Technologies Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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