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Europe Directed Energy Weapons Market
No. of Pages: 172 | Report Code: BMIRE00027464 | Category: Aerospace and Defense
No. of Pages: 172 | Report Code: BMIRE00027464 | Category: Aerospace and Defense
Growing Military Research & Development Programs for Directed Energy Weapons
Improved system dependability is a key consideration when choosing a directed energy weapon. The use of cutting-edge technology with the integration of hardware components disseminates across a range of military assets, such as combat vehicles, unidentified objects, drones, and UAVs. Modern directed-energy weapons with exceptional precision have made it necessary for nations with border disputes and regional threats to rely on such cutting-edge weapons for their border safety. For instance, Missile Defense Agency’s (MDA) directed energy demonstrator development program targets technical risk reduction and maturation for high-powered strategic lasers, beam control, lethality, and associated technologies. In FY2021, the MDA’s directed energy demonstrator development program received US$ 42 million in funding from department of defense. For FY2022, the Office of the Secretary of Defense (OSD) proposed US$ 107 million for high-energy laser development. Moreover, in July 2022, as reported by Naval News, Dragonfire, the UK's Laser Directed Energy Programme (LDEW) led by MBDA, announced the success of its trials for the accuracy and power of the laser weapon. MBDA has managed to integrate the tracking system and laser stabilization into laser technology through years of research and development.
Market Overview
By country, the European directed energy weapons market is segmented into France, Germany, Italy, the UK, Russia, and the rest of Europe. Several European countries have experienced a significant rise in military expenses over the past century, which is propelling the adoption of direct energy weapons. However, military spending in both Central and Western Europe increased in 2021, which may reflect a need to combat terrorism. Therefore, participation in peacekeeping operations, prevention of terrorism, efforts to secure trade routes, and soldier modernization programs, which include laser weapons, microwave weapons, sonic weapons, and other weapon procurement, are expected to drive the market over the forecast period.
Strategic insights for the Europe Directed Energy Weapons provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Directed Energy Weapons refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Europe Directed Energy Weapons Strategic Insights
Europe Directed Energy Weapons Report Scope
Report Attribute
Details
Market size in 2022
US$ 453.83 Million
Market Size by 2028
US$ 1,271.23 Million
Global CAGR (2022 - 2028)
18.7%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Technology
By Range
By Application
By Platform
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Directed Energy Weapons Regional Insights
Europe Directed Energy Weapons Market Segmentation
The Europe 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 Europe 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 Europe 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 France, Germany, Italy, the UK, Russia, and Rest of Europe. Russia 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.
The Europe Directed Energy Weapons Market is valued at US$ 453.83 Million in 2022, it is projected to reach US$ 1,271.23 Million by 2028.
As per our report Europe Directed Energy Weapons Market, the market size is valued at US$ 453.83 Million in 2022, projecting it to reach US$ 1,271.23 Million by 2028. This translates to a CAGR of approximately 18.7% during the forecast period.
The Europe Directed Energy Weapons Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Directed Energy Weapons Market report:
The Europe Directed Energy Weapons Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Directed Energy Weapons Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Directed Energy Weapons Market value chain can benefit from the information contained in a comprehensive market report.