Directed Energy Weapon Companies - Raytheon Technologies Corporation (US), Northrop Grumman Corporation (US) are the Key Players
The Directed Energy Weapon Market is projected to grow from USD 5.3 Billion in 2022 to USD 12.9 Billion by 2027, at a CAGR of 19.6% from 2022 to 2027.
A Directed Energy Weapon is a ranged weapon that damages its target with highly focused energy, including lasers, microwaves, and particle beams. Potential applications of this technology include weapons that target personnel, missiles, vehicles, and optical devices. Extensive research into DEW sources and the concurrent advances in beam directing technology have pushed technology envelop to the level where fully configured DEW systems are now being designed and tested for imminent deployment. Advances in material technology, information technology, and space-based capabilities of the 21st century are also providing the right environment for the growing demand for directed energy weapon systems.
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Major Directed Energy Weapon Companies Include:
- Raytheon Technologies Corporation (US)
- Northrop Grumman Corporation (US)
- Lockheed Martin Corporation (US)
- Thales Group (France)
- BAE Systems plc (UK)
These players have adopted various growth strategies such as new product launches, collaborations & expansions, contracts, partnerships, and agreements, adopted by the leading market players in the directed energy weapon.
Lockheed Martin Corporation specializes in the research, design, development, manufacturing, and integration of advanced technology systems and related products. The company operates through four segments, namely, aeronautics, missile and fire control, rotary and mission systems, and space. The aeronautics segment is engaged in research, design, development, manufacturing, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The rotary and mission systems segment (RMS) provides design, manufacturing, service, and support for a variety of military and commercial helicopters; ship & submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; Littoral Combat Ship (LCS); simulation and training services; and unmanned systems and technologies. The RMS segment also supports the requirements of government customers in cybersecurity and delivers communications and command and control capabilities through complex mission solutions for defense applications.
RAYTHEON TECHNOLOGIES CORPORATION
Raytheon Technologies Corporation (Raytheon) is a leading provider of products for defense, civil government, and cybersecurity applications. In 2018, it merged with United Technology Corporation (UTC), which operates via Collins Aerospace Systems, Pratt & Whitney, Otis, and Carrier. Raytheon offers advanced sensors and imaging technology, electronic warfare systems, as well as missile defense systems. It also offers radar for air and missile defense, airborne surveillance, air traffic control, and maritime surveillance, along with advanced technologies for space, which include a space tracking and surveillance system used to detect and track ballistic missiles.
Northrop Grumman Corporation is a global aerospace & defense technology company that operates through four different business segments, namely, aeronautics systems, defense systems, mission systems, and space systems. The company offers electronic warfare products and solutions through its mission systems segment.
Thales Group designs technological solutions and delivers services through business segments such as aerospace, transport, defense and security, digital identity and security, and others. The aerospace segment develops onboard systems, solutions, and services for commercial airlines as well as defense customers. The Transport segment develops ground transportation systems for civil customers. The defense and security segment offers secure communication & information systems, land & air systems, and defense mission systems for armed and security forces.
BAE Systems plc is the worlds second-largest defense contractor, operating through five different business segments: electronic systems, cyber and intelligence, platforms and services, air, and maritime. The products and services offered by the company cater to air, land, maritime, and cybersecurity applications. It develops and delivers advanced defense & aerospace systems for air, military, and naval forces. The company has a presence in Australia, India, Saudi Arabia, UK, and US.
Related Reports:
Directed Energy Weapons Market by Technology (High Energy Lasers, High-power Radio Frequency, Electromagnetic Weapons, Sonic Weapons), Platform (Land, Airborne, Naval, Space), Application, Product, Range and Region - Global Forecast to 2027
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