Global Electromagnetic Weapons Market Report and Forecast 2024-2032

Global Electromagnetic Weapons Market Outlook

The global electromagnetic weapons market size attained a value of USD 672.56 million in 2023. The market is further expected to grow at a CAGR of 21.40% between 2024 and 2032, to reach a value of USD 3,852.09 million by 2032.

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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