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Global Directed Energy Weapons (DEW) Market to Reach USD 9.7 Billion by 2027, Aided by Increasing Modernisation and Investments in Defence System

According to a new report by EMR titled, ‘Global Directed Energy Weapons (DEW) Market Report and Forecast 2022-2027’, the global directed energy weapons (DEW) industry reached a value of about USD 3.5 billion in 2021. The industry is further expected to grow at a CAGR of about 18.48% in the forecast period of 2022-2027 to reach a value of around USD 9.7 billion by 2027.

The rise of the directed energy weapons (DEW) industry is being driven by increasing research and development activities undertaken for developing advanced technology-based DEWs for military operations and implementing modernisation programs in military sectors across the major economies of the world. The market is also likely to be driven by rising demand for self-defence weapons as a result of increased risks from cross-border terrorism. The growth of high-energy laser weapons can also be ascribed to their ease of installation and low power consumption. They have a near-zero duration of the flight as compared to conventional ordnance, allowing for a longer decision time and faster reaction time. The use of advanced hardware units to help acquire and distribute capabilities across multiple defence systems, such as combat vehicles, also contributes to market expansion. India is projected to enhance directed energy weapons (DEW) production in the future years to improve anti-ballistic missile capacity. Directed energy weapons may cause minimal collateral harm to the target, which propels its market demand.

Future developments are expected to focus on expanding defensive capabilities, as DEWs, particularly lasers, offer substantial advantages over traditional weapons, such as precision engagement, low cost per shot, logistical advantages, and low detectability. For example, in December 2020, The Boeing Company (NYSE: BA) upgraded and delivered the first batch of previously deployed Compact Laser Weapon System (CLWS) units to the US Department of Defense (DoD) customer-increasing its maximum beam power and reliability. Boeing also expects to complete upgrades on the remaining units and deliver them in the first quarter of 2021.

Market Analysis by Product Type, Technology, Application, End-Use, and Regions:

  • Based on product type, the industry is divided into lethal and non-lethal.
  • Based on technology, the market is categorised into high energy laser, high power microwave, and particle beam, among others.
  • Based on the application, the global directed energy weapons (DEW) market can be segmented into homeland security and defence.
  • The end-use of the market includes airborne, gunshot, land vehicles, and ship based.
  • The regional markets for directed energy weapons include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The country's increasing expenditure on different defense-related activities is projected to boost the DEW market's growth.
  • Due to rapid economic development, heightened security risks, and an increase in border disputes, demand for directed energy weapons has been on the rise.
  • Military spending has been increasing in recent years due to increased possibilities of being targeted by terrorist attacks.
  • The increase in the number of private organisations rapidly boosting their efforts to stake a greater claim in this industry are also anticipated to influence market growth.

Key Offerings of the report:

  • The EMR report gives an overview of the global directed energy weapons (DEW) industry for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for product type, technology, application, end-use, and major regions of directed energy weapons (DEW).
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global directed energy weapons (DEW) industry include 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 comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major 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 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 strive 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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