
Published On: Nov 2022
Published On: Nov 2022
At 18.7% CAGR, the Europe Directed Energy Weapons Market is projected to be worth US$ 2,705.66 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe directed energy weapons market was valued at US$ 453.83 million in 2022 and is expected to reach US$ 1,271.23 million by 2028, registering an annual growth rate of 18.7% from 2022 to 2028. Rising the adoption of dew as countermeasures and growing military research & development programs for directed energy weapons.
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. 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.
On the contrary, severe health consequences of using directed-energy weapons.
Key players dominating the Europe 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.
Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com