The Electromagnetic Weapons market size is expected to reach USD 1,282 million by 2026 from USD 509 million in 2021, at a CAGR of 20.3% during the forecast period.
The key drivers propelling the growth of the global electromagnetic weapons market is the defense of terrorist attacks, chemical, biological, radiological, and nuclear materials so that civilian lives and the national security of a country can be preserved. Electromagnetic weapons like particle beam weapons, high power microwaves, and rail guns are being used to defend against attacks from threats like ballistic missiles, anti-satellite weapons, and nuclear weapons, etc. The Asia Pacific region will dominate the market due to the growing investments in electromagnetic weapons solutions.
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Based on technology, the particle beam weapons segment is projected to lead the electromagnetic weapons market from 2021 to 2026. Particle beam weapons destroy or neutralize a target through a stream of highly energized atomic particles. These weapons are of two types: charged particle beam weapons and neutral beam weapons. The general idea of such type of weapons is to hit the target with a stream of accelerated particles known as the particle beam, with high kinetic energy, which is then transferred to the molecules of the target. The particle beam from a particle beam weapon can heat the target extensively, which can cause damage; however, the power required to produce a particle beam of this strength can be quite high. In 2003, the US military used high-power microwaves in the Iraq War to disrupt and destroy Iraq’s electronic systems. Based on product type, the lethal weapons segment will register the highest growth from 2021 to 2026. The electromagnetic weapons market is dominated by the lethal products segment. These lethal products, mainly focused on military application, include rail guns, electromagnetic bombs (e-bombs), electromagnetic pulse (nuclear and non-nuclear EMP), and high-power microwave guns. Huge investments are being made in the R&D as well as demonstration and testing of lethal electromagnetic weapons. Based on Platform, the naval segment will register the highest growth from 2021 to 2026. Naval-electromagnetic weapon systems consist of weapons that are used in naval applications, for instance, on combat ships and submarines, among others. The naval segment is further divided into combat ships, submarines, and unmanned surface vehicles. Defense ships are specifically designed for use by coast guards and naval forces to ensure the security of water borders. These ships are different from commercial ships in terms of application, design structure, capabilities, and technologies. Several countries are modernizing their militaries and hence are increasing their defense budgets. The naval segment will witness high growth in the forthcoming years due to modernization programs for coastal defense across countries. The electromagnetic weapons market in Asia Pacific is projected to grow at the highest CAGR from 2021 to 2026. Asia-Pacific contributed a share of 22.5% to the electromagnetic weapons market in 2021. China, India, Japan, Australia, South Korea, and rest of Asia-Pacific have been considered in the Asia-Pacific electromagnetic weapons market. The demand for electromagnetic weapons market has increased in recent years, due to the rapid economic development and increasing security threats, across Asia-Pacific region and the increase in border disputes. The military spending of China, Japan, and India has been increasing in recent years due to increased possibilities of being targeted by terrorist attacks. This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, such as Lockheed Martin Corporation (US), Northrop Grumman Corporation (US), Thales Group (France), BAE Systems (UK), Raytheon Technologies (US), Elbit Systems (Israel) and L3Harris Technologies (US). Full Report @ https://www.marketsandmarkets.com/Market-Reports/electromagnetic-weapons-market-79630239.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. 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