According to our latest market study on "Directed Energy Weapons Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Technology, Range,
According to our latest market study on “Directed Energy Weapons Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Technology, Range, Application, and Platform,” the market is expected to grow from US$ 1,780.61 million in 2022 to US$ 5,737.45 million by 2028; it is estimated to grow at a CAGR of 21.5% from 2022 to 2028.
Directed energy weapons (DEWs) such as high-power microwaves, lasers, and electromagnetic weapons are used as countermeasures against threats that include ballistic missiles, anti-satellites, and nuclear weapons. They offer a cheap, fast, and highly accurate method of countering airborne threats compared to using expensive missiles to destroy mid-level threats such as small drones.
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The vendors across directed energy weapons market are working on developing countermeasures for missiles and rockets. Directed energy weapons such as microwaves, particle-beam, and lasers that are powered by electricity are in no need of complex supply chains as compared to missile batteries, hence there is high expected adoption of DEWs instead of missiles in the future. This is driving the directed energy weapons market growth by the military to utilize them as countermeasures for threats, especially for units that operate within a range of an enemy’s missiles. Moreover, integrating directed energy with a mobile energy source, such as the one envisioned by the US Department of Defense’s (DoD’s) Project Pele, and usage of DEWs as countermeasures will be cost-effective as they can counter incoming air attacks and missile threats at far less cost than other options that include kinetic weapons. Countermeasure of such threats for a few dollars by generating electricity-powered laser shots is far more affordable than kinetic interceptors, which cost millions of dollars. DEWs are an affordable means to defeat low-cost threats such as small UAVs.
The directed energy weapons market is segmented into technology, range, application, and platform. Based on technology, the directed energy weapons market is segmented into laser, microwave, particle beam, and others. The laser segment is further bifurcated into high energy and low energy. Based on range, the directed energy weapons market is bifurcated into less than 1 mile and more than 1 mile. Based on application, the directed energy weapons market is segmented into ground, naval, and airborne. Based on platform, the directed energy weapons market is segmented into armored vehicles, unmanned systems, handheld systems, aircraft systems, ships & submarines, and others.
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