Market Size of Directed Energy Weapons Industry
| 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
*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.
