North America Directed Energy Weapons market Forecast to 2028 – COVID

North America Directed Energy Weapons market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Technology (Laser, Microwave, Particle Beam, and Others), Range (Less Than 1 Mile and More Than 1 Mile), Application (Ground, Naval, and Airborne), and Platform (Armored Vehicles, Unmanned Systems, Handheld Systems, Aircraft Systems, Ships and Submarines, and Others)

Report Code : BMIRE00027497 | Region : North America | Industry : Aerospace and Defense | Published Date : 16/Nov/2022

The directed energy weapons market in North America is expected to grow from US$ 813.18 million in 2022 to US$ 2,705.66 million by 2028. It is estimated to grow at a CAGR of 22.2% from 2022 to 2028.

Surging Vendors Focusing on Developing High-Energy DEWs

Armed military forces are increasing their investment in directed energy weapons, including microwave and high-energy laser weapons, as the technology develops. There is a rise in demand for high-energy directed energy weapons, and the investments are surging to billions of dollars every year. High-energy laser weapons are preferred to high-powered microwaves for longer-range requirements. Due to rising geopolitical tensions, there is an increase in the procurement of new high-energy laser weapons by developed and emerging nations. The US military is highly investing in the integration of advanced weapons systems such as high-energy laser weapons mounted on vehicles, which is driving the market. For instance, the US military has developed high-energy directed weapons in 2019 with pinpoint accuracy, making high-power lasers one of the most promising options. In 2019, the US. Air Force deployed its first High Energy Laser Weapon System (HELWS) developed by Raytheon Intelligence & Space. Moreover, Lockheed Martin provided a high energy laser (HEL) to the US Navy for installation on its warships. Further, in August 2022, the U.S. Navy secured delivery of a high-energy laser weapon called HELIOS from defense company Lockheed Martin. The adoption of high-energy, high-intensity laser weapons onto the ships and combat systems has provided the U.S Navy with exceptional directed energy capabilities. High-energy lasers (HEL), which produce photons, and high-power microwaves (HPM), which generate radiofrequency waves, are being installed on Naval ships. The sinking of the Russian naval flagship by a Ukrainian anti-ship missile in April 2022 in the ongoing Russia-Ukraine War has prompted the US Navy to increase its efforts toward directed energy defenses on warships. Moreover, in January 2022, the U.S. Navy's Naval Surface Warfare Center, Dahlgren Division, or NSWCDD, established a new department for developing and researching HPM directed energy weapons.

Market Overview

The North American directed energy weapons market, based on country, is segmented into the US, Canada, and Mexico. The growing threat of terrorist attacks, biological attacks, chemical attacks, and nuclear materials so that civilian lives and the national security of the region can be preserved. Over the years, according to the data published by Stockholm International Peace Research Institute (SIPRI), the US recorded military expenses of US$ 827.12 billion in 2021, which was US$ 801.68 billion in 2020. The increase in military expenditure by North American countries influences the growth of the North American directed energy weapons market. Moreover, a surge in military spending by developed and emerging nations due to heightened geopolitical tensions is accelerating the procurement of new air, land, and sea platforms. The military is investing in the integration of advanced weapons systems such as directed energy weapons on board the vehicle is driving the directed energy weapons market growth.

North America Directed Energy Weapons Market Revenue and Forecast to 2028 (US$ Million)

North America Directed Energy Weapons Market Segmentation

The North America directed energy weapons market is segmented into platform, application, Range, Technology, and country.

Based on platform, the market is segmented into armored vehicles, unmanned systems, handheld systems, aircraft systems, ships and submarines, and others. The armored vehicles segment registered the largest market share in 2022. Based on range, the market is categorized into less than 1 mile and more than 1 mile. The less than 1 mile segment held the largest market share in 2022. Based on technology, the North America directed energy weapons market is segmented into laser, microwave, particle beam, and others. The laser segment held the largest market share in 2022. Based on application, the North America directed energy weapons market is segmented into ground, naval, and airborne. The ground segment held the largest market share in 2022. Based on country, the market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022. Lockheed Martin Corporation; Thales Group; L3Harris Technologies, Inc.; Elbit Systems Ltd.; Raytheon Technologies Corporation; BAE Systems; Honeywell International Inc.; Rheinmetall AG; Moog Inc.; and Boeing are the leading companies operating in the directed energy weapons market in the region.

At 22.2% CAGR, the North America Directed Energy Weapons Market is speculated to be worth US$ 2,705.66 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America directed energy weapons market was valued at US$ 813.18 million in 2022 and is expected to reach US$ 2,705.66 million by 2028, registering an annual growth rate of 22.2% from 2022 to 2028. Raising adoption of DEW as countermeasure and surging vendors focusing on developing high-energy DEWs.

Manufacturers in the directed energy weapons market are working on developing countermeasures to missiles and rockets. Directed energy weapons such as microwaves, particle-beam, and lasers that are powered by electricity are in no need of complex supply chains as compared to missile batteries, hence there is high adoption of directed energy weapons instead of missiles. This is a driving factor for the DEW to be adopted by the military to utilize as countermeasures for threats, especially for units that operate within a range of an enemy’s missiles. Moreover, integrating directed energy with a mobile energy source, such as the one envisioned by the US Department of Defense's Project Pele, and usage of directed energy weapons as countermeasures will save a lot of money as they can counter incoming air attack and missile threats at far less cost than options that include kinetic weapons. Counter measuring such threats for a few dollars by generating electricity-powered laser shots is far more affordable compared to kinetic interceptors that cost millions of dollars. Directed energy weapons are an affordable means to defeat low-cost threats such as small UAVs. For instance, The US navy is developing microwave, laser, and electronic warfare as warship air and point defense systems, restricting the more expensive ship-launched missiles for offensive purposes. The 60-kilowatt HELIOS system is being deployed on the Arleigh Burke Flight IIA destroyer. Moreover, Optical Dazzling Interdictor, Navy (ODIN) is installed on three Arleigh Burke-class guided-missile destroyers and will be installed for two more in the coming years.

On the contrary, critical health consequences of using directed-energy weapons.

Based on platform, the North America directed energy weapons market is segmented into armored vehicles, unmanned systems, handheld systems, aircraft systems, ships and submarines, and others. The armored vehicles segment held 58.3% market share in 2022, amassing US$ 474.15 million. It is projected to garner US$ 1,481.51 million by 2028 to expand at 20.9% CAGR during the forecast period. Based on range, the North America directed energy weapons market is bifurcated into less than 1 mile and more than 1 mile. The less than 1 mile segment held 100.0% market share in 2022, amassing US$ 813.18 million. It is projected to garner US$ 2,654.41 million by 2028 to expand at 21.8% CAGR during the forecast period. Based on technology, the North America directed energy weapons market is segmented into laser, microwave, particle beam, and others. The laser segment held 82.0% market share in 2022, amassing US$ 666.94 million. It is projected to garner US$ 2,157.58 million by 2028 to expand at 21.6% CAGR during the forecast period. Based on laser, the North America directed energy weapons market is categorized into ground, naval, and airborne. The ground segment held 70.3% market share in 2022, amassing US$ 571.79 million. It is projected to garner US$ 1957.04 million by 2028 to expand at 22.8% CAGR during the forecast period. Based on country, the North America directed energy weapons market has been segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 100.0% market share in 2022. It was assessed at US$ 813.18 million in 2022 and is likely to hit US$ 2,697.27 million by 2028, exhibiting a CAGR of 22.1% during the forecast period. Key players dominating the North America directed energy weapons market are Lockheed Martin Corporation; Thales Group; L3Harris Technologies, Inc.; Elbit Systems Ltd.; Raytheon Technologies Corporation; BAE Systems; Honeywell International Inc.; Rheinmetall AG; Moog Inc.; and Boeing among others.

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners 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. North America Directed Energy Weapons Market 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. North America Directed Energy Weapons Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Raising Adoption of Directed-Energy Weapons as Countermeasures

5.1.2 Surging Focus on Developing High-Energy DEWs

5.2 Market Restraints

5.2.1 Critical Health Consequences of Using Directed Energy Weapons

5.3 Market Opportunities

5.3.1 Surging Military Research & Development Programs for Directed Energy Weapons

5.4 Future Trends

5.4.1 Raising Focus on Development of Microwave Directed Energy Weapons

5.5 Impact Analysis of Drivers and Restraints

6. North America Directed Energy Weapons – Market Analysis

6.1 North America Directed Energy Weapons Market Overview

6.2 North America Directed Energy Weapons Market Forecast and Analysis

7. North America Directed Energy Weapons Market Analysis – by Technology

7.1 Overview

7.2 North America Directed Energy Weapons Market, by Technology

7.3 Laser

7.3.1 Overview

7.3.2 Laser: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

7.3.2.1 High Energy

7.3.2.1.1 High Energy: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

7.3.2.2 Low Energy

7.3.2.2.1 Low Energy: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Microwave

7.4.1 Overview

7.4.2 Microwave: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Particle Beam

7.5.1 Overview

7.5.2 Particle Beam: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Others

7.6.1 Overview

7.6.2 Others: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

8. North America Directed Energy Weapons Market Analysis – by Range

8.1 Overview

8.2 North America Directed Energy Weapons Market, by Range

8.3 Less than 1 mile

8.3.1 Overview

8.3.2 Less than 1 mile: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

8.4 More than 1 mile

8.4.1 Overview

8.4.2 More than 1 mile: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

9. North America Directed Energy Weapons Market Analysis – by Application

9.1 Overview

9.2 North America Directed Energy Weapons Market, by Application

9.3 Ground

9.3.1 Overview

9.3.2 Ground: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Naval

9.4.1 Overview

9.4.2 Naval: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Airborne

9.5.1 Overview

9.5.2 Airborne: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

10. North America Directed Energy Weapons Market Analysis – by Platform

10.1 Overview

10.2 North America Directed Energy Weapons Market, by Range

10.3 Armored Vehicles

10.3.1 Overview

10.3.2 Armored Vehicles: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Unmanned Systems

10.4.1 Overview

10.4.2 Unmanned Systems: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

10.5 Handheld Systems

10.5.1 Overview

10.5.2 Handheld Systems: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

10.6 Aircraft Systems

10.6.1 Overview

10.6.2 Aircraft Systems: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

10.7 Ships and Submarines

10.7.1 Overview

10.7.2 Ships and Submarines: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

10.8 Others

10.8.1 Overview

10.8.2 Others: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

11. North America Directed Energy Weapons Market – Country Analysis

11.1 Overview

11.1.1 North America: Directed Energy Weapons Market, by Key Country

11.1.1.1 US: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1 US: Directed Energy Weapons Market, by Platforms

11.1.1.1.2 US: Directed Energy Weapons Market, by Range

11.1.1.1.3 US: Directed Energy Weapons Market, by Technology

11.1.1.1.3.1 US: Directed Energy Weapons Market, by Laser

11.1.1.1.4 US: Directed Energy Weapons Market, by Application

11.1.1.2 Canada: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1 Canada: Directed Energy Weapons Market, by Platforms

11.1.1.2.2 Canada: Directed Energy Weapons Market, by Range

11.1.1.2.3 Canada: Directed Energy Weapons Market, by Technology

11.1.1.2.3.1 Canada: Directed Energy Weapons Market, by Laser

11.1.1.2.4 Canada: Directed Energy Weapons Market, by Application

11.1.1.3 Mexico: Directed Energy Weapons market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1 Mexico: Directed Energy Weapons Market, by Platforms

11.1.1.3.2 Mexico: Directed Energy Weapons Market, by Range

11.1.1.3.3 Mexico: Directed Energy Weapons Market, by Technology

11.1.1.3.3.1 Mexico: Directed Energy Weapons Market, by Laser

11.1.1.3.4 Mexico: Directed Energy Weapons Market, by Application

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Merger and Acquisition

12.4 New Development

13. Company Profiles

13.1 Lockheed Martin Corporation

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Thales Group

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 L3Harris Technologies, Inc.

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Elbit Systems Ltd.

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Raytheon Technologies Corporation

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 BAE Systems

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Honeywell International Inc.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Rheinmetall AG

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Moog Inc.

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Boeing

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

Table 1. North America Directed Energy Weapons Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2. US: Directed Energy Weapons Market, by Platforms–Revenue and Forecast to 2028 (US$ Million)

Table 3. US: Directed Energy Weapons Market, by Range–Revenue and Forecast to 2028 (US$ Million)

Table 4. US: Directed Energy Weapons Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

Table 5. US: Directed Energy Weapons Market, by Laser–Revenue and Forecast to 2028 (US$ Million)

Table 6. US: Directed Energy Weapons Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada: Directed Energy Weapons Market, by Platforms– Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada: Directed Energy Weapons Market, by Range – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada: Directed Energy Weapons Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: Directed Energy Weapons Market, by Laser–Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: Directed Energy Weapons Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 12. Mexico: Directed Energy Weapons Market, by Platforms– Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico: Directed Energy Weapons Market, by Range– Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico: Directed Energy Weapons Market, by Technology –Revenue and Forecast to 2028 (US$ Million)

Table 15. Mexico: Directed Energy Weapons Market, by Laser–Revenue and Forecast to 2028 (US$ Million)

Table 16. Mexico: Directed Energy Weapons Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 17. List of Abbreviation

LIST OF FIGURES.

Figure 1. North America Directed Energy Weapons Market Segmentation

Figure 2. North America Directed Energy Weapons Segmentation – Country

Figure 3. North America Directed Energy Weapons Market Overview

Figure 4. North America Directed Energy Weapons Market, By Technology

Figure 5. North America Directed Energy Weapons Market, By Country

Figure 6. North America Directed Energy Weapons Market– Porter’s Five Forces Analysis

Figure 7. North America Directed Energy Weapons Market- Ecosystem Analysis

Figure 8. Expert Opinion

Figure 9. North America Directed Energy Weapons Market: Impact Analysis of Drivers and Restraints

Figure 10. North America Directed Energy Weapons Market, Forecast and Analysis (US$ Million)

Figure 11. North America Directed Energy Weapons Market Revenue Share, by Technology (2021 and 2028)

Figure 12. Laser: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. High Energy: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14. Low Energy: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. Microwave: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Particle Beam: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Others: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. North America Directed Energy Weapons Market Revenue Share, by Range (2021 and 2028)

Figure 19. Less than 1 Mile: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. More than 1 Mile: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. North America Directed Energy Weapons Market Revenue Share, by Application (2021 and 2028)

Figure 22. Ground: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Naval: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. Airborne: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. North America Directed Energy Weapons Market Revenue Share, by Range (2021 and 2028)

Figure 26. Armored Vehicles: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Unmanned Systems: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Handheld Systems: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Aircraft Systems: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Ships and Submarines: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Others: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Geographic Overview of North America Directed Energy Weapons Market

Figure 33. North America: Directed Energy Weapons Market Revenue Share, by Key Country (2021 and 2028)

Figure 34. US: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Canada: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Mexico: Directed Energy Weapons Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - North America Directed Energy Weapons Market

● Lockheed Martin Corporation

● Thales Group

● L3Harris Technologies, Inc.            

● Elbit Systems Ltd.

● Raytheon Technologies Corporation

● BAE Systems

● Honeywell International Inc.

● Rheinmetall AG

● Moog Inc.

● Boeing

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America directed energy weapons market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America directed energy weapons market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the directed energy weapons market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

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