Directed Energy Weapons Market To Grow at CAGR 18.2%, Market Value to Reach USD 23,151 Million By 2030
Acumen Research and Consulting
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Global Directed Energy Weapons?market size globally made up for USD?5,352?million in the year 2021, is set to grow at CAGR 18.2% and market value to reach USD?23,151?million by 2030, as per market research firm?Acumen Research and Consulting.?
Protection against radiological, chemical, biological, and nuclear threats as well as terrorist attacks and aggressions along with the need to safeguard civilian lives and the national security, are the key elements driving the need for directed-energy weapons over the next decade. high-intensity microwaves, lasers, and electromagnetic weapons, among others, are used to limit or discourage assaults and threats like anti-satellite weapons, ballistic missiles, and nuclear bombs. The report anticipates that investments in Directed energy weapons and related technologies would significantly increase the Asia-Pacific DEW sector throughout the anticipated time range.?
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Dynamics of the market?
The increasing need for the directed energy weapons system in the defense sector throughout the world is the primary driver of the directed energy weapons industry. Extensive R&D in the directed energy technology field is also a driving force in directed energy weapons market. Global surge in terrorist operations and conflicts accelerates directed energy weapon industry. As a result, the increased purchasing of defense equipment by powerful militaries has a favorable influence on the market. The market is being driven by the need for low-cost precision weaponry and rising demand for non-lethal weapons. Growing defense initiatives for directed energy weapon systems have an additional impact on the industry. Rapid urbanization and an increase in investment are having a beneficial influence on the market for directed energy weapons.?
Regional Directed Energy Weapons market overview?
North America is predicted to have the highest regional share. Because of a growing emphasis on developing a more modern and technologically advanced and superior military weaponry in order to restrict serious anti-national threats, which the North American directed energy weapons industry is developing. The increasing need for crowd control weapons is also having an impact on the expansion of North America's directed energy weapons market.?
In contrast, the Asia-Pacific area will enjoy the strongest development in the next years. Rising military spending in nations such as India, China, Japan, and South Korea is driving the Asia-Pacific directed energy weapons market.
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Key Directed Energy Weapons market players
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