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The electromagnetic weapons market is rapidly evolving, fueled by technological advancements and the growing need for sophisticated defense systems. Electromagnetic weapons produce strong electromagnetic energy pulses that target electrical equipment and inflict only little discomfort on people to subdue them without killing them. While posing a minimal risk of collateral damage to infrastructure and civilians, these weapons can disable specific machines and electronics. These are used against equipment, with directed electromagnetic energy weapons generating harmful voltage within the electronic wiring, similar to omnidirectional Electromagnetic Pulse (EMP) devices.
The need to safeguard chemical, biological, radiological, and nuclear materials to protect human life and a nation’s security is one of the main factors driving the growth of the global electromagnetic weapons market. The market is anticipated to expand significantly over the anticipated period due to an increase in the military budget, government support, and ongoing development and acquisition of sophisticated combat equipment, such as smart firearms, intelligent fabrics, and active denial systems.
The increased military spending in reaction to the rising risk of terrorist attacks is expected to boost the demand for electromagnetic weapons significantly. Also, due to accelerating economic growth, growing security concerns, and border disputes, demand for electromagnetic weapons has significantly increased. For instance, in 2023, India invested USD 19.60 billion, which is 13% higher than the last year to buy new advanced weapons and systems.
Complexity in the design of the electromagnetic weapons used by the defense industry has increased the complication of the use of this system, which is definitely restraining the growth of the Electromagnetic Weapons Market. Moreover, it’s difficult for the vendors to habituate to the rapidly changing technological advancements in the military industry, which is a major challenge for the electromagnetic weapons industry.
The COVID-19 pandemic negatively impacted the electromagnetic weapons market. Although electromagnetic weapons are important for national integration, global supply chain management disruption has delayed electronic gadgets’ production, affecting the electromagnetic weapon market badly. This system is made up of lots of complex sensors and integrated circuits. But, due to the pandemic, there was a global shortage in the semiconductor chip market, which had a negative impact on the electromagnetic weapons market.
The Electromagnetic Weapons Market is segmented into four types. By Platform, it is segmented into airborne, marine, and land. By Type, this market is divided into Electromagnetic Pulse (EMP) and Directed Energy Weapon (DEW). Based on type, this market is fragmented into rail guns, coil guns, induction drivers, and E-bombs. By weight, it is divided into commercial, military, and others. From a geographical view, the market is categorized into North America, Europe, Asia Pacific, and Rest of the World.
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North American region has captured the most significant market share and experienced steady growth in the electromagnetic weapons market due to the increasing government support & budgeting to upgrade and provide technologically advanced military equipment. For instance, the US government proposed to allocate USD 842 billion for FY 2024, which is USD 100 billion higher than FY 2022 in the military and defense sector. Also, demand for the electromagnetic equipment market in Asia Pacific region is increasing due to economic development and government spending in India, China, South Korea, and Japan.
By Platform | By Function | By Type | By End User | By Geography |
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