Directed Energy Weapons Market- Highlights By Type And End Users, Phenomenal Growth Forecast Till 2028

The Directed Energy Weapons 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.

Advanced directed-energy weapons have become necessary for nations dealing with border disputes and regional threats. With exceptional precision, these weapons provide high safety for borders. The Missile Defense Agency's directed energy demonstrator development program aims to reduce technical risks and advance high-powered strategic lasers, beam control, lethality, and related technologies. In the fiscal year of 2021, the program was granted $42 million in funding from the US Department of Defense. Chinese researchers have reported that future directed-energy weapons systems are expected to become even more powerful than current systems, using realistic klystron amplifier technology. For example, researchers in Shanghai are working on a DEW system that will be able to fire 100-petawatt laser shots by 2023. As a result of these advancements, the directed energy weapons market is experiencing significant growth.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00073628?utm_source=OpenPr&utm_medium=10640

The List of Companies -
1. Lockheed Martin Corporation
2. Thales Group
3. L3Harris Technologies, Inc.
4. Elbit Systems Ltd.
5. Raytheon Technologies Corporation
6. BAE Systems
7. Moog Inc.
8. Honeywell International Inc.
9. Rheinmetall AG
10. Boeing

In 2022, Europe is projected to hold the second-largest market share for directed energy weapons, and the market is expected to continue growing at a strong pace in the forecast period. Various organizations in Europe are developing and utilizing directed energy weapons capabilities in response to the rising threat of missiles, rockets, and unmanned aerial vehicles. Many European countries are currently integrating counter-UAV laser systems into their armed forces, which can eventually become complete air defense systems. The directed energy weapons market is anticipated to receive a boost from potential geopolitical conflicts between European nations. Additionally, MBDA, a European arms manufacturer, is working on a new laser weapon system called "Dragonfire," which can be installed on UK Royal Navy warships. This system uses several thousand-kilowatt powered lasers and can defend against enemy drones and other airborne units.

The British government awarded a military contract in September 2021, valued at $100 million, to companies such as Thales and Raytheon for the development of directed energy weapon systems. The development of the Dragonfire weapon system presents an opportunity for the directed energy weapons market in the region. Additionally, Germany's Federal for Bundeswehr Equipment, Information Technology, and In-Service Support (BAAINBw) awarded a contract to MBDA and Rheinmetall Waffe Munition GmbH to fabricate, integrate and support testing of a laser weapon demonstrator in a maritime environment. The fabrication, testing, and integration of the laser weapon demonstrator were completed at the end of 2021, and trials onboard the German Navy frigate F-124 Sachsen are expected to take place in 2022.

Get full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/directed-energy-weapons-market

Impact of COVID-19 Pandemic on Directed Energy Weapons Market

The COVID-19 pandemic had a negative impact on several Asia Pacific countries, including China, South Korea, and India, but these countries, along with Japan and others in the region, are increasingly focusing on advancing their military and defense capabilities. Although the pandemic did have some effect on the directed energy weapons market in the region, it was less severe than in other regions due to the continued operation of defense contractors. However, the development growth rate of products and technologies declined on a year-on-year basis due to workforce shortages. China, which is the largest military spending country in the region, experienced adverse effects from the pandemic during Q1 of 2020, leading to a shutdown of the country and disruptions to the supply chain. As a result, Chinese defense electronics and equipment manufacturers reported annual sales losses. Despite being the largest DEW systems developer and manufacturer in the Asia Pacific region, the COVID-19 pandemic has resulted in limited developments in the directed energy weapons industry throughout the region.

North America, specifically the US, is the most developed country in the region and has a high adoption rate for new technologies, including directed energy weapons. The US is witnessing more advancements in directed energy weapons than other countries in the market. An increasing number of collaborations and partnerships between the US government and leading companies such as Lockheed Martin Corporation, Raytheon Technologies Corporation, and Boeing is accelerating the market. The US government's acceptance of advanced weapon systems encourages laser weapon systems manufacturers to provide more innovative laser solutions. Due to the strong presence of directed energy weapons players and significantly higher year-on-year military spending, North America is expected to account for the largest share of the directed energy weapons market during the forecast period. These factors are expected to continuously drive the growth of the directed energy weapons market in the region.

Buy this research report at @: https://www.premiummarketinsights.com/buy/TIP00073628?utm_source=OpenPr&utm_medium=10640

TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Landscape
4.1 Market Overview
4.2 Porter's Five Force Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Impact of Russia-Ukraine War on the Defense Industry
5. Key Market Dynamics
Continued…

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.