The global directed energy weapons market size was valued at USD 4,564.8 million in 2022 and is poised to grow at a CAGR of 19.1% during the forecast period 2023-2029. The primary factors that drive the market are increasing funding in research and developmental events to introduce technologically advanced products, growing upgradation in military stages and apparatus, and an increasing number of investment agendas and plans for development.

View Detailed Report Description https://precisionbusinessinsights.com/market-reports/directed-energy-weapons-market/

The global directed energy weapons market segmentation:

1) By Product Type: Lethal Weapons and Non-lethal Weapons.

2) By Technology Type: High Energy Laser, High-Power Microwave, Electromagnetic Weapons, and Sonic Weapons.

3) By Application: Homeland Security and Military.

4) By Platform: Land, Airborne, Naval, and Space.

Non-Lethal Weapons to Dominate the Directed Energy Weapons Market

Based on product type, non-lethal weapons hold the highest market share. The major factor for the rise of this segment is the exceptional physical properties of alkali halide. The demand for non-lethal weapons has increased due to their innovative features and capabilities to control situations such as riots without causing losses. The increasing possibility for the growth of the non-lethal weapons segment has helped in rising the budgetary expenditures for military applications and has also made huge funding in research & development actions possible. These factors can drive the global Directed Energy Weapons market growth.

Asia Pacific Directed Energy Weapons Market

Asia Pacific region is expected to grow significantly in the global directed energy weapons market over the forecast period. The Asia Pacific region is expanding as a result of increasing demand for directed energy weapons and fast development in the economy. Apart from this, growing security threats from the neighboring countries and a rise in border disagreements have contributed to the growth of this market in these regions. The military budget of China, Japan, and India has been growing in current years due to the rising probability of being battered by terrorist attacks.

The global Directed Energy Weapons market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

In January 2021, Rheinmetall announced to build of a high-energy laser weapon system for the German Navy.

In January 2021, MBDA Deutschland GmbH signed a contract with Germany’s Federal Office for Bundeswehr Equipment, Information Technology, and In-Service Support (BAAINBw) to upgrade a laser weapon in the marine environment.

Request sample: https://precisionbusinessinsights.com/request-sample/?product_id=60809

Key players’ profiles in the Directed Energy Weapons market report are Lockheed Martin Corporation. (US), Raytheon Technologies Corporation (US), Northrop Grumman Corporation. (US), Boeing (US), BAE systems (UK), L3Harris Technologies, Inc. (US), MBDA (France), Moog Inc. (US), Applied Companies. (US), and Textron Inc. (US).

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553

Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747