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Global Electromagnetic Weapons Market Size, Share, Analysis, Forecast: By Product: Rail Guns, Electromagnetic Pulse Generator, Coil Guns, Others; By Platform: Air-Based, Sea-Based, Land-Based; By Application: Homeland Security, Military; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Electromagnetic Weapons Market Outlook
The global electromagnetic weapons market size attained a value of USD 554 million in 2022. The market is further expected to grow at a CAGR of 21.40% between 2023 and 2028, to reach a value of USD 1,731 million by 2028.
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Key Trends in the Market
Electromagnetic weapons refer to the type of weapons which generate powerful pulses of electromagnetic energy that targets electronic circuitry and causes mild discomfort in humans for the purposes of subduing without fatality. without affecting. These weapons can be used to disable targeted machineries and electronics that while risking minim damage to infrastructure and civilians
- The increasing incorporation of radio-frequency equipment, software-defined radios, ships, submarines, and electronically advancements communication systems across the military arsenal of strong sovereign nations are fuelling the global electromagnetic weapons market growth.
- Electromagnetic weapons such as leverage lasers, electrooptical, infrared, and radio frequency, among others, are extremely accurate which are witnessing a high demand in the military sector.
- The increasing risk of terrorism, economic expansion of the emerging economies, and ability of electromagnetic weapons to differentiate between innocent civilians and electronic warfare machines are key electromagnetic weapons market trends that are expected to boost the demand for electromagnetic weapons to bolster homeland security.
Market Analysis
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Based on product, the market is segmented into rail guns, electromagnetic pulse generator, and coil guns, among others. On the basis of platform, the market is classified into air-based, sea-based, and land-based. By application, the market is bifurcated into homeland security and military. The regional markets for electromagnetic weapons are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global electromagnetic weapons market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- General Atomics
- Northrop Grumman Corporation
- Harp R&D Corp.
- Epirus Inc.
- Lockheed Martin Corporation
- BAE Systems.
- Thales Group
- Others
Market Share by Product
The rail guns segment, based on product, accounts for a healthy portion of the electromagnetic weapons market share. Rail guns are high-velocity weapons which are accurate and capable of inflicting high damage. They can travel at hypersonic speeds which can help carry out land bombardment and elimination of air-borne threats. The anticipated increase in application of rail guns in anti-ship missiles and anti-aircraft arsenals is expected to fuel this segment’s growth in the forecast period and the overall electromagnetic weapon market. Meanwhile, the electromagnetic pulse generator is expected to steady growth due to its versatile applications and usefulness in stopping military vehicles, cutting through metallic objects, and in destroying information systems.
Market Share by Application
Based on application, the military segment accounts for a significant share in the market for electromagnetic weapons. Electromagnetic weapons can disrupt, downgrade, and damage critical enemy information systems and eradicate a potential threat from a distance without killing civilians. This factor reduces the thinking time, leading to an improved decision making of the commanding officers. Over the forecast period, the increasing investments by the governments of sovereign nations, aimed towards enhancing electronic war capabilities, are likely to increase the applications of electromagnetic weapons. Moreover, advancements in missile defence systems and emergence of air-borne attack technologies, such as ferromagnetic projectiles, are expected to increase the utilisation of electromagnetic weapons, expanding the overall electromagnetic weapons market size.
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Competitive Landscape
General Atomics is a defence technology manufacturing company which develops high-end energy, defence, and unmanned aircraft systems catering to the demands of the military sector. The company was established in the year 1955 and is currently headquartered in California, United States, with a special focus on research in the field of nuclear fusion and nuclear fission.
Northrop Grumman Corporation is an aerospace and defence company which provides solutions related to the defence, aeronautics, cyberspace, space, and military sectors. This company develops countermeasures and sensors, electronic warfare systems, integrated avionics, and military aviation systems, among others. It was founded in the year 1994 and is headquartered in Virginia, United States.
Harp R&D Corp. is a leading company which offers advanced technologies and research and development services in radio frequency (RF), microwave, and millimetre wave engineering. The company carries out research in embedded electronics, software, thermos-mechanical designs, advanced software, microwave sensors, microwave components, signal processing, and electromagnetics, among others. With headquarters in Otaniemi in Finland, the company was founded in 2007.
Other market players include Epirus Inc., Lockheed Martin Corporation, BAE Systems., and Thales Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Platform |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electromagnetic Weapons Market Analysis
8.1 Key Industry Highlights
8.2 Global Electromagnetic Weapons Historical Market (2018-2022)
8.3 Global Electromagnetic Weapons Market Forecast (2023-2028)
8.4 Global Electromagnetic Weapons Market by Product
8.4.1 Rail Guns
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Electromagnetic Pulse Generator
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Coil Guns
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Electromagnetic Weapons Market by Platform
8.5.1 Air-Based
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Sea-Based
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Land-Based
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Electromagnetic Weapons Market by Application
8.6.1 Homeland Security
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Military
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Electromagnetic Weapons Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Electromagnetic Weapons Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Electromagnetic Weapons Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Electromagnetic Weapons Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Electromagnetic Weapons Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Electromagnetic Weapons Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 General Atomics
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Northrop Grumman Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Harp R&D Corp.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Epirus Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Lockheed Martin Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 BAE Systems.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Thales Group
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electromagnetic Weapons Market: Key Industry Highlights, 2018 and 2028
2. Global Electromagnetic Weapons Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Electromagnetic Weapons Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Electromagnetic Weapons Historical Market: Breakup by Platform (USD Million), 2018-2022
5. Global Electromagnetic Weapons Market Forecast: Breakup by Platform (USD Million), 2023-2028
6. Global Electromagnetic Weapons Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Electromagnetic Weapons Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Electromagnetic Weapons Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Electromagnetic Weapons Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Electromagnetic Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Electromagnetic Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Electromagnetic Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Electromagnetic Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Electromagnetic Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Electromagnetic Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Electromagnetic Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Electromagnetic Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Electromagnetic Weapons Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Electromagnetic Weapons Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Electromagnetic Weapons Market Structure
Key Questions Answered in the Report
The market reached a value of USD 554 million in 2022.
The market is estimated to grow at a CAGR of 21.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 1,731 million by 2028.
The increasing incorporation of radio frequency and advanced information systems across the military sector, technological advancements, and rising investments by strong sovereign powers to enhance electronic warfare capabilities are the major drivers of the market.
The key trends of the market include the rising applications of lasers, growing demand for electromagnetic weapons for homeland security, and advancements in missile defence systems.
Rail guns, electromagnetic pulse generator, and coil guns, among others, are the different products in the market.
Air-based, sea-based, and land-based are the various platforms for electromagnetic weapons in the market.
Homeland security and military are the primary applications of electromagnetic weapons.
Electromagnetic weapons are capable of causing unpleasantness sensations such as pain or heat but are typically not lethal.
The key players of the electromagnetic weapons market, according to the report, are General Atomics, Northrop Grumman Corporation, Harp R&D Corp., Epirus Inc., Lockheed Martin Corporation, BAE Systems., and Thales Group, among others.
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