According to a market report by Lucintel, the future of the global directed energy weapon market looks promising with opportunities in the ship based, land vehicles, airborne, and gun shot markets. The global directed energy weapon market is expected to reach an estimated $16.1 billion by 2030 with a CAGR of 17.5% from 2024 to 2030. The major drivers for this market are investments in upgrading military platforms, surge in the acquisition of military hardware by major armed forces, as well as, increasing interest and need for directed energy weapon (DEW) systems within defense forces worldwide.

A more than 150 – page report is developed to understand trends, opportunity and forecast in directed energy weapon market to 2030 by type (lethal and non-lethal), application (homeland security and defense), end use (ship based, land vehicles, airborne, and gun shot), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, homeland security and defense are the major segments of directed energy weapon market by application. Lucintel forecasts that defense will remain the larger segment over the forecast period because these weapon possess distinctive capabilities for addressing and mitigating diverse threats encountered by military forces, and plays a vital role in bolstering force protection for military personnel, platforms, and critical assets.

Within this market, land vehicles will remain the largest segment over the forecast period because the systems provide adaptability and versatility in both mobility and deployment, as well as, can be readily transported to multiple locations and are capable of functioning in diverse terrains, offering crucial on-the-ground support to military operations.

North America will remain the largest region over the forecast period due to growing commitment to defense research and development (R&D) efforts, increase in defense expenditure, as well as, financial allocation is aimed at modernizing current weapon systems and facilitating the advancement of state-of-the-art technologies.

Applied Companies, Bae Systems, L3Harris Technologies, Lockheed Martin, Moog, Northrop Grumman, Qinetiq Group, Raytheon Technologies, Textron, and The Boeing Company are the major suppliers in the directed energy weapon market.

"

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]