Electromagnetic Weapons Market Outlook, Trends, Analysis & Region and Country Forecast To 2028

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. The Electromagnetic Weapons report additionally covers the scope of individual applications and types in every region. The report additionally covers information about manufacturing and intake patterns, technological developments, revenue boom, marketplace size, market share, key trends and needs influencing market boom in the region, and robust presence of key players in the region.

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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Further key findings from the report suggest

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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Report Objective:

The report offers a complete analysis of the global Electromagnetic Weapons market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. 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. and others are some of the top companies profiled in the report.

The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

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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
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report addresses the following key points:

The report provides a forecast of market drivers, restraints, and future opportunities for the Electromagnetic Weapons market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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