Directed Energy Weapons Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Microwave Directed Energy Weapons and it is segmented by Type (Laser, Microwave, and Other Types), Application (Non-lethal and Lethal), Platform (Land, Sea, and Air), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).

Directed Energy Weapons Market Size

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Directed Energy Weapons Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 10.49 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Medium

Major Players

Directed Energy Weapons Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Directed Energy Weapons Market Analysis

The directed energy weapons market is valued at USD 8.60 billion in 2023 and is anticipated to reach USD 14.15 billion by 2028, registering a CAGR of 10.49% during the forecast period (2023-2028).

The rapid increase in the military expenditure of developed and emerging countries due to increasing geopolitical tensions is accelerating the procurement of new air, land, and sea platforms. The armed forces are investing in the integration of advanced weapon systems, such as directed energy weapons on board the vehicles, which is driving the growth of the market. The increasing threat of rockets, missiles, unmanned air vehicles, etc., is accelerating the development and deployment of directed energy weapons. Currently, the majority of the countries are working on the integration of counter-UAV laser systems into their armed forces, which can be later scaled into complete air defense systems. Directed energy weapons offer a more cost-effective, high-speed, highly accurate method to counter aerial threats compared to using a highly expensive missile to destroy moderate-level threats, like small drones. Such factors are driving the growth of the market.

Directed Energy Weapons Market Trends

Sea Segment Expected to WItness Rapid Growth

The sea segment is expected to grow with the highest CAGR during the forecast period due to the robust defense expenditures and investments to integrate the directed energy weapon (DEW) technology into the naval vessels. Various governments decided to introduce directed energy weapons onboard combat ships like destroyers and frigates to neutralize enemy ships, UAVs, and missiles. The US Navy is investing in the induction of directed energy weapons onboard the fleet of naval vessels for more than five years. The High Energy Laser Counter-ASCM Program (HELCAP), the Optical Dazzling Interdictor, Navy (ODIN), Solid-State Laser Technology Maturation (SSL-TM), and the Surface Navy Laser Weapon System (SNLWS) (also known as the high-energy laser with integrated optical dazzler and surveillance (HELIOS)) are some of the major laser weapon programs of the US Navy. In August 2022, the US Navy installed Lockheed Martin's HELIOS laser system on the USS Preble. Similarly, the European Defense Agency (EDA) began a study for the installation of directed energy weapons onboard naval ships against unmanned vehicles. The deployment of DEWs onboard naval vessels is expected to drive the growth of the market during the forecast period.

Directed Energy Weapons Market: Global Military Expenditure (USD Billion), 2018-2022

North America Region To Hold the Highest Market Share

The North American region is currently dominating the market due to the robust investment of the US Department of Defense (DoD) to integrate directed energy weapon technology into the Army, Navy, and Air Force. Over the past few years, the government signed contracts with various directed energy manufacturers like RTX Corporation, Lockheed Martin Corporation, and Boeing Company to develop and deploy directed energy weapons. For instance, under the Self-Protect High Energy Laser Demonstrator (SHiELD) Advanced Technology Demonstration Program, the Air Force Research Laboratory planned to develop new laser systems. The systems can be mounted onboard fighter jets to mitigate the threat of incoming missiles. Under the program, Lockheed Martin was selected by the US Air Force with a contract of USD 26.3 million to design and develop a fiber laser. The Air Force Research Laboratory plans to test the fully developed system by 2024. In December 2022, Lockheed Martin and Rafael Advanced Defense Systems, Ltd. signed a teaming agreement that includes jointly developing, testing, and manufacturing High Energy Laser Weapon Systems (HELWS) in the US and Israel. The US DoD spends around USD 1 billion annually on developing directed energy weapons and developed high-energy lasers, successfully shooting down drones in demonstrations. However, the DoD is constantly facing the need to get these technologies into the field to use them in missions.

Directed Energy Weapons Market - Growth Rate by Region (2023- 2028)

Directed Energy Weapons Industry Overview

The Directed Energy Weapons market is semi-consolidated and is dominated by prominent players such as MBDA, Lockheed Martin Corporation, Rheinmetall AG, The Boeing Company, and RTX Corporation. In addition to manufacturers of DEW, the market also includes companies like L3Harris Technologies, Inc., QinetiQ Group, and Honeywell International Inc., which provide components to DEW manufacturers. Various defense manufacturers, platform manufacturers, and technology firms are entering into collaboration for the development of new and advanced directed energy weapon systems for ground and naval platforms. In this regard, SIGN4L, a subsidiary of UAE conglomerate EDGE, signed a memorandum of understanding (MoU) with MBDA and CILAS. It is a subsidiary of Ariane Group to explore the opportunities of high-energy lasers in various domains and activities, such as operational analysis and systems architecture.

Directed Energy Weapons Market Leaders

  1. Lockheed Martin Corporation

  2. The Boeing Company

  3. Rheinmetall AG

  4. MBDA

  5. RTX Corporation

*Disclaimer: Major Players sorted in no particular order

Directed Energy Weapons Market Concentration
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Directed Energy Weapons Market News

  • May 2022: Rheinmetall announced that it had successfully tested the laser weapon technology demonstrator version built on behalf of the German Bundeswehr forces.
  • July 2021: The US Navy and Air Force Research Laboratory (AFRL) collaborated on a five-year development project to develop high-power microwave technology. It is capable of knocking out adversary electronics.

Directed Energy Weapons Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Laser

      2. 5.1.2 Microwave

      3. 5.1.3 Other Types

    2. 5.2 Platform

      1. 5.2.1 Land

      2. 5.2.2 Sea

      3. 5.2.3 Air

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Lockheed Martin Corporation

      2. 6.2.2 The Boeing Company

      3. 6.2.3 Rafael Advanced Defense Systems Ltd.

      4. 6.2.4 Rheinmetall AG

      5. 6.2.5 MBDA

      6. 6.2.6 RTX Corporation

      7. 6.2.7 BAE Systems plc

      8. 6.2.8 Northrop Grumman Corporation

      9. 6.2.9 Honeywell International Inc.

      10. 6.2.10 Elbit Systems Ltd.

      11. 6.2.11 L3Harris Technologies, Inc.

      12. 6.2.12 QinetiQ Group

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Directed Energy Weapons Industry Segmentation

Directed energy weapons (DEWs) utilize highly focused energy beams of laser and microwaves to counter missiles, glide vehicles, naval vessels, aircraft, UAVs, etc.

The directed energy weapons market is segmented by type, platform, and geography. By type, the market is segmented into the laser, microwave, and other types. The other types segment include electromagnetic weapons and sonic weapons. By platform, it is segmented into land, sea, and air. By platform, the report also covers the market sizes and forecasts for the market in different regions. The market sizing and forecasts are provided in value (USD).

Type
Laser
Microwave
Other Types
Platform
Land
Sea
Air
Geography
North America
Europe
Asia-Pacific
Rest of the World
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Directed Energy Weapons Market Research FAQs

The Directed Energy Weapons Market is projected to register a CAGR of 10.49% during the forecast period (2024-2029)

Lockheed Martin Corporation, The Boeing Company, Rheinmetall AG, MBDA and RTX Corporation are the major companies operating in the Directed Energy Weapons Market.

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Directed Energy Weapons Market.

The report covers the Directed Energy Weapons Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Directed Energy Weapons Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Directed Energy Weapons Industry Report

Statistics for the 2024 Directed Energy Weapons market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Directed Energy Weapons analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Directed Energy Weapons Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)