Electromagnetic Weapons Market Market Size
[170+ Pages Research Report] Electromagnetic Weapons Market to surpass USD 6.0 billion by 2032 from USD 0.67 billion in 2021 at a CAGR of 22.1% throughout the forecast period 2022-32
Electromagnetic weapons make use of electromagnetic energy to inflict unpleasant feelings like heat or discomfort or interrupt machinery to subjugate humans. In most cases, electromagnetic energy weapons are used to manipulate individuals remotely rather than kill them. One potential military usage of such weapons is for preventing unknown individuals from approaching soldiers, who may or may not be foes. Electromagnetic weapons do not aim to kill the innocent civilians. Although many such weapons only exist in science fiction, directed energy weapons are being developed for potential usage in the future, including the Pulsed Energy Projectile (PEP), Active Denial System (ADS), and the Advanced Tactical Laser (ATL) weapon, which simply burns the skin surface.
Market Highlights
The Electromagnetic Weapons Market is expected to project a notable CAGR of 22.1% in 2032.
Electromagnetic Weapons Market to surpass USD 6.0 billion by 2032 from USD 0.67 billion in 2021 at a CAGR of 22.1% in the coming years, i.e., 2022-32. period. The prevention of terrorist attacks and the use of biological, nuclear, chemical, and radiological weapons to protect civilian lives and the national security of a nation are the main factors driving the growth of the global Electromagnetic Weapons Market. Over the forecast period, the market is also expected to be driven by an increase in the number of inventions and advancements of upgraded weaponry.
Figure - Market Analysis of Electromagnetic Weapons Market
Get More Information - Download Free Sample
Electromagnetic Weapons Market: Segments
The Lethal Weapons segment is expected to grow with a higher CAGR during 2022-32
Electromagnetic Weapons Market is categorized on the basis of Type into Lethal Weapons and Non-Lethal Weapons. Over the forecast period, the Lethal Weapons sector is anticipated to dominate the market. The military uses are the primary emphasis of the lethal products. E-bombs, microwave guns, rail guns, plasma cannons (electrothermal accelerator), automatic shotguns, navy laser cannons, guided projectiles fired from firearms, and a number of other weapons are among them. Moreover, significant funds are being spent on lethal electromagnetic weapons research and development, testing, and demonstration. This is expected to drive the market considerably.
The Particle Beam Weapons (PBW) segment is expected to grow with a higher CAGR during 2022-32
Electromagnetic Weapons Market is categorized on the basis of Technology into Particle Beam Weapons (PBW) and High Laser-Induced Plasma Channel (LIPC). The Particle Beam Weapons (PBW) segment is anticipated to a hold major share during the forecast period. The proliferation of particle beam weapons can be attributed to their simple installation and low power requirements. They have almost no duration of flight compared to conventional munitions, allowing for longer decision-making and speedier reaction times.
Figure - Market Analysis of Global Electromagnetic Weapons
Get More Information - Download Free Sample
Market Dynamics
Growth Drivers
The Growing Adoption of Electromagnetic Weapons to Confront the UAVs
One of the cutting-edge electromagnetic energy technologies is the quick development of high-power microwave weapons and the adoption of electromagnetic weapons to counter the threat of Unmanned Aerial Vehicles (UAVs). These weapons are being integrated into military systems like naval, airborne, satellite, and mobile vehicles more and more in 2021. Electromagnetic weapons have been studied and developed by a number of defense manufacturers and integrators during the past few decades, and they are currently becoming more operational.
Rising Development of Electromagnetic Weapons to Increase Protection against Threats
To counter threats and preserve superiority in defense over land, air, and sea, defense organizations around the world have begun developing electromagnetic weapons and EMP generators. Defense corporations are creating electromagnetic weapons to better defend military equipment like military vehicles and navy ships. Defense organizations use cutting-edge electromagnetic weapons to respond quickly to hostile attacks.
Restraint
Higher Risk of Collateral Damage Due to Electromagnetic Weapons
The Electromagnetic Weapons Market is not growing as expected due to factors like restrictions on anti-personnel high-powered microwaves and the danger of collateral damage. Furthermore, neither a definitive definition of electromagnetic weapons under international law nor their inclusion on the agenda of any multilateral mechanism at this time.
Recent Developments
- BAE Systems Plc., in June 2020 will sign a contract to create an electromagnetic rail gun with the US Army. This agreement permits BAE Systems Plc. to take advantage of our continuous research, testing, and development to expand railgun technology and further develop railgun weapon systems for Army uses, improving their efficacy against a variety of threats.
- The High-Energy Electromagnetic Weapon System from Raytheon, which is intended to fight drone threats, was given a contract by the US Air Force in February 2021. The system will be installed on an undisclosed combatant command post for operator training and an initial performance assessment.
- The US Air Force issued a USD 146 million contract to Northrop Grumman Corporation in June 2021 to equip US and foreign fixed-wing and rotary-wing aircraft with Large Aircraft Infrared Countermeasure (LAIRCM) systems.
Electromagnetic Weapons Market: Key Players
- Raytheon Technologies
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- The Boeing Company
- Lockheed Martin Corporation
- Honeywell International
- BAE Systems
- Northrop Grumman Corporation
- Thales Group
- Leonardo SPA
- Rheinmetall AG
- Elbit Systems
- L3Harris Technologies
- General Atomics
- QinetiQ Group
- Roketsan
- Epirus Inc.
- Other Prominent Players
Electromagnetic Weapons Market: Regions
Electromagnetic Weapons Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In 2021, Asia-Pacific contributed to a major share of the Electromagnetic Weapons Market. Due to the region's rapid economic growth, rising security risks, and rise in border disputes, the Electromagnetic Weapons Market has seen a surge in demand in recent years. The possibility of being attacked by terrorists has led to increases in military spending by China, Japan, and India in recent years.
The market in North America is expected to grow significantly during the forecast period due to growth in the defense budget, government backing, and ongoing research and adoption of sophisticated warfare equipment like smart fabrics, smart weapons etc., in the region.
Get More Information - Download Free Sample
Impact of Covid-19 on the Electromagnetic Weapons Market
The COVID-19 pandemic had a negative impact on the progress of electromagnetic weapons, the pace of trials and demonstrations, the ability of important individuals to operate, and the availability of parts. The pandemic's impact on the supply chain delayed the development of electromagnetic rail guns. Manufacturing has also been delayed as a result of a shortage of parts, subsystems, and electronic systems brought on by rules governing the import and export of goods. Due to the closure of factories in China, South Korea, and Taiwan, material shortages have also hampered the development of electromagnetic weapons.
Electromagnetic Weapons Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Electromagnetic Weapons Market report also contains analysis on:
Electromagnetic Weapons Market Segments:
- By Type
- Lethal Weapons
- Non-Lethal Weapons
- By Platform
- Air-Based
- Sea-Based
- Land-Based
- By Technology
- Particle Beam Weapons (PBW)
- High Laser-Induced Plasma Channel (LIPC)
- Electromagnetic Weapons Market Dynamics
- Electromagnetic Weapons Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
Electromagnetic Weapons Market Report Scope and Segmentation
REPORT ATTRIBUTE |
DETAILS |
|
Market Size Value in 2021 |
USD 0.67 billion |
|
Revenue Forecast in 2032 |
USD 6.0 billion |
|
Growth Rate |
CAGR of 22.1% from 2022 to 2032 |
|
Base Year for Estimation |
2021 |
|
Quantitative Units |
Revenue in USD billion and CAGR from 2022 to 2032 |
|
Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments Covered |
Type, Platform, Technology, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key Companies Profiled |
Raytheon Technologies, The Boeing Company, Lockheed Martin Corporation, Honeywell International, BAE Systems, Northrop Grumman Corporation, Thales Group, Leonardo SPA, Rheinmetall AG, Elbit Systems, L3Harris Technologies, General Atomics, QinetiQ Group, Roketsan, Epirus Inc., and Other Prominent Players. |
Frequently Asked Questions (FAQ):
The Electromagnetic Weapons Market size was estimated at USD 0.67 billion in 2021 and is expected to reach USD 6.0 billion in 2032.
Electromagnetic weapons make use of electromagnetic energy to inflict unpleasant feelings like heat or discomfort or interrupt machinery to subjugate humans.
The Lethal Weapons and Particle Beam Weapons (PBW) segments accounted for the larger share of the Electromagnetic Weapons Market.
Key players in the Electromagnetic Weapons Market are Raytheon Technologies, The Boeing Company, Lockheed Martin Corporation, Honeywell International, BAE Systems, Northrop Grumman Corporation, Thales Group, Leonardo SPA, Rheinmetall AG, Elbit Systems, L3Harris Technologies, General Atomics, QinetiQ Group, Roketsan, Epirus Inc., and Other Prominent Players.
The prevention of terrorist attacks and the use of biological, nuclear, chemical, and radiological weapons to protect civilian lives and the national security of a nation are the main factors driving the growth of the global Electromagnetic Weapons Market.
.png){kind=icon}
