Global Directed Energy Weapons Market By Technology (High Energy Lasers, High Power Microwaves And Others), By Deployment (Airborne, Land Based, And Naval), By Weapon Type (Lethal And Non-Lethal), And Region - Global Forecast To 2030

The Global Directed Energy Weapons Market was valued at UЅD $16,111.7 Мn in 2020, and is projected to achieve a valuation of UЅD $173,139.3 Мn by 2030, at a САGR of 34.0%.

Overview:

A directed-energy weapon is a ranged weapon that damages its target with highly focused energy, including laser, microwaves, and particle beams. Potential applications of this technology include weapons that optical devices, vehicles, missiles, and target personnel.

Dynamics:

The growing need for military forces across the world to reinforce and strengthen their respective defensive and offensive capabilities, against threats both foreign and domestic, is a primary factor that is expected to continue to fuel increasing revenue growth opportunities for the global directed energy weapons market over the next 10 years.

Moreover, investments being made by respective governing bodies towards military aid have been steadily increasing in recent years, especially with regards to R&D activities that could potentially lead to more advanced weaponry; not to mention the vast number of private industry players who have made several advancements due to possessing larger budgets for R&D purposes. These factors are also anticipated to play a pivotal role in boosting potential opportunities for improved market growth in the foreseeable future.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global directed energy weapons market is no different, and this factor is anticipated to have a negative impact on the revenue growth of this industry. Additionally, the adoption rates of this type of weaponry is relatively low, as most are still in their initial stages of development and require a substantially higher amount of investment for further progress to be made. This is a factor that may also impede on the revenue growth of the global directed energy weapons market in the coming years.

Nonetheless, due to the ever-changing political landscape and the need for countries and other governing bodies to ensure the security of their respective territories, as well as the steady increase in the number of private organizations rapidly boosting their efforts to stake a greater claim in this industry are some of the other factors that are anticipated to influence market growth over the next 10 years.

Segmentation of the global directed energy weapons market is as follows:

In terms of technology, the high-energy lasers segment accounted for the maximum number of revenue shares of the global directed energy weapons market in 2020, and is expected to continue doing so over the forecast period. The high-power microwaves segment is also anticipated to index a high CAGR over the next 10 years.

With regards to weapon type, the non-lethal segment accounted for the highest number of revenue shares of the global directed energy weapons market in 2020, and is anticipated to continue doing so over the next decade. The lethal segment is also indicative of registering a high CAGR over the forecast period.

On the basis of deployment, the land-based segment accounted for the majority number of revenue shares of the global directed energy weapons market in 2020, and is indicative of remaining this industry’s front-runner over the forecast period. However, the airborne segment is anticipated to register the highest CAGR over the next 10 years.

Regional Segmentation and Analysis:

North America accounted for the maximum number of revenue shares of the global directed energy weapons market in 2020, and is indicative of remaining this industry’s front-runner over the next decade. The markets in the Asia Pacific region accounted for the second-most number of revenue shares in 2020, and are also projected to index a high CAGR over the course of the forecast period.

Segmentation of the Global Directed Energy Weapons Market:

Segmentation by Technology:

• High Energy Lasers
• High Power Microwaves
• Particle Beams

Segmentation by Weapon Type:

• Lethal
• Non-Lethal

Segmentation by Deployment:

• Airborne
• Land Based
• Naval

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA