Electromagnetic Weapons Market Business Scenario, Share, Growth, Insights, Analysis, Trends and Forecasts Report 2028

Increasing use of electromagnetic weapons in military activities and rising investment in advanced electromagnetic weapon research and development

VANCOUVER, BC, CANADA, April 27, 2022 /EINPresswire.com/ -- The electromagnetic weapons market size reached USD 429.7 Million in 2020 and is expected to register a revenue CAGR of 21.1% during the forecast period, according to latest analysis by Emergen Research. Increasing use of electromagnetic weapons in military activities and rising investment in advanced electromagnetic weapon research and development are key factors projected to support market revenue growth between 2021 and 2028.

In addition, increasing geographical conflicts will continue to boost revenue growth of the market. In all areas, except Africa, conflict intensity in 2020 was slightly lower than in 2019. Despite the worldwide COVID-19 pandemic, some conflicts continued unabated. Geographical conflicts and use of Unmanned Manned Vehicles (UAVs) and drones is expected to increase adoption of electromagnetic weapons among military forces is countries across the globe, which in turn is expected to boost revenue growth of the market in the near future.

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The Electromagnetic Weapons Market Report offers extensive knowledge and information about the Electromagnetic Weapons market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Electromagnetic Weapons market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

Some Key Highlights from the Report

Non-lethal weapons segment revenue is expected to register a significantly rapid CAGR during the forecast period. Non-lethal weapons including taser guns, flash-bang & smoke bombs, rubber bullets, and tear gas are very effective in managing crowds and protesters, as well as in military activities because these usually cause minor to moderate injury or damage.

Airborne segment is expected to register a significantly robust revenue growth rate over the forecast period due to steady deployment of electromagnetic weapons in special mission aircraft, tactical UAVs, helicopters, and fighter jets.

North America is expected to register a considerably faster revenue growth rate as compared to other regional markets in the global electromagnetic weapons market over the forecast period due to robust presence of major companies such as The Boeing Company, L3Harris Technologies, Inc., Epirus Inc., and Raytheon Technologies Corporation are among others, in countries in the region.

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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

Key Players Profiled in the Report are:

Raytheon Technologies Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, Thales Group, BAE Systems plc, The Boeing Company, Rheinmetall AG, L3Harris Technologies, Inc., Rafael Advanced Defense Systems Ltd., and Epirus Inc.

Furthermore, the report provides a comprehensive overview of the Electromagnetic Weapons market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.

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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Electromagnetic Weapons market expected to boost the growth of the industry in the coming years.

Emergen Research has segmented global electromagnetic weapons on the basis of product, platform, technology, application, and region:

Product Outlook (Revenue, USD Million; 2018–2028)

Lethal Weapons

Electromagnetic Bombs

Rail Guns

Electromagnetic Pulse

Non-lethal Weapons

Pulsed Energy Projectile

Platform Outlook (Revenue, USD Million; 2018–2028)

Airborne

Special Mission Aircrafts

Tactical UAVs

Helicopters

Fighter Jets

Land

Handheld Electromagnetic Weapons

Armored Vehicles

Unmanned Armored Ground Vehicles

Combat Vehicles

Combat Support Vehicles

Weapon Systems

Defence Systems

Launch Systems

Naval

Submarines

Unmanned Surface Vehicles

Combat Ships

Technology Outlook (Revenue, USD Million; 2018–2028)

High Laser-induced Plasma Channel (LIPC)

Particle Beam Weapons (PBW)

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Key Questions Answered in the Report:

What is the growth rate of the Electromagnetic Weapons market? What is the anticipated market valuation of Electromagnetic Weapons industry by 2028?

What are the key growth driving and restraining factors of the Electromagnetic Weapons market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Electromagnetic Weapons industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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