Connect with us

Technology

Directed Energy Weapons Market to Grow by USD 5.31B (2024-2028), Boosted by Development & Procurement of Advanced Technologies, with Market Evolution Powered by AI – Technavio

Published

on

NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global directed energy weapons market size is estimated to grow by USD 5.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 19.4% during the forecast period. Development and procurement of advanced technologies in directed energy weapons is driving market growth, with a trend towards integration of smart weapon systems. However, issues associated with legality of directed energy weapons. poses a challenge. Key market players include Airbus SE, BAE Systems Plc, DRDO, Elbit Systems Ltd., General Atomics, L3Harris Technologies Inc., Leidos Holdings Inc., Leonardo S.p.A., Lockheed Martin Corp., Moog Inc., QinetiQ Ltd., Radiance Technologies Inc., Rheinmetall AG, RTX Corp., Saab AB, Teledyne Technologies Inc., Thales Group, The Boeing Co., Bharat Electronics Ltd, and Northrop Grumman Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Directed Energy Weapons Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 19.4%

Market growth 2024-2028

USD 5.31 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

18.85

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, Canada, China, Japan, and Germany

Key companies profiled

Airbus SE, BAE Systems Plc, DRDO, Elbit Systems Ltd., General Atomics, L3Harris Technologies Inc., Leidos Holdings Inc., Leonardo S.p.A., Lockheed Martin Corp., Moog Inc., QinetiQ Ltd., Radiance Technologies Inc., Rheinmetall AG, RTX Corp., Saab AB, Teledyne Technologies Inc., Thales Group, The Boeing Co., Bharat Electronics Ltd, and Northrop Grumman Corp.

Market Driver

The Directed Energy Weapons (DEW) market is experiencing significant advancements with the trend towards laser weaponry for military purposes. Collaborative efforts between defense projects and industry partners, such as the German military and Rheinmetall, are driving the development of shipboard laser weapons and solid-state lasers for protection against diverse threats like drone swarms, guided missiles, mortar rounds, and even terrorist organizations. Laser weapon solutions are becoming increasingly important for armed forces and security entities to respond rapidly to threats with precision targeting and missile interception. DEW technologies include high-powered microwaves, high-energy lasers, electromagnetic rail guns, and ultra-wideband weapons. Professional opinions and perspectives in the defense sector highlight the importance of DEWs for modern warfare, border security, reconnaissance, and surveillance. Platforms like Stryker vehicles, naval vessels, aircraft, and unmanned vehicles are being equipped with these advanced technologies to counteract collateral damage and adapt to evolving security threats. Industry statements and product literature suggest that DEWs offer a solid alternative to traditional weapons like guns and explosives, providing protection for soldiers, vital infrastructure, and non-combatants. Continuous research and technology development will ensure that DEWs remain a vital part of security strategies in the face of modern warfare and terrorist organizations. 

The Directed Energy Weapons (DEW) market is experiencing significant growth due to the evolving nature of warfare and geopolitical tensions. Traditional methods of warfare, such as the use of bomber planes for long-range, are being supplemented with advanced technologies. DEW systems, which use focused energy beams to destroy targets, offer several advantages over conventional weapons. They are non-projectile, allowing for greater precision and reduced collateral damage. Additionally, DEW systems can be rapidly deployed and offer a high rate of fire, making them ideal for defending against air, ground, and sea-based threats. Smart weapon systems integrated with DEWs enhance situational awareness, providing real-time information and analytics to military leaders. Communication systems facilitate coordinated responses between different platforms, ensuring a more efficient and effective defense strategy. The US, with its advanced DEW capabilities, holds a strategic military advantage. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

The Directed Energy Weapons (DEW) market is experiencing significant advancements in laser weaponry for military purposes. Collaborative efforts between defense projects and industry partners are driving the development of DEW solutions, including shipboard lasers and solid-state lasers. The German military’s investment in a high-powered microwave weapon is an example of this collaboration. The defense sector faces diverse threats from drone swarms, guided missiles, mortar rounds, and other projectiles. DEW offers rapid response capability, precision targeting, and missile interception, making it an essential tool for modern warfare. However, challenges such as collateral damage and adaptable reactions from adversaries persist. Professional opinions and perspectives in product literature and industry statements highlight the potential of DEW in protecting soldiers, vital infrastructure, and ground vehicles from diverse security threats, including terrorist organizations and enemy electronic systems. The use of DEW in border security, reconnaissance, and surveillance is also gaining traction. Rheinmetall, a leading defense technology company, is investing in high-energy lasers, electromagnetic rail guns, and high-power microwaves to meet the evolving needs of the military. Continuous research and technology advancements will ensure DEW remains a vital platform in the defense industry’s arsenal against modern warfare threats.Directed energy weapons, a emerging technology, are raising concerns due to their potential use against civilians. Recent incidents involving the use of pellet guns resulting in serious injuries have fueled debates. Governments are reviewing the legality and establishing national measures regarding their use. Non-lethal weapons, such as beanbag guns, have also caused injuries or fatalities in certain situations. These developments underscore the need for careful consideration and regulation in the deployment of directed energy weapons.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This directed energy weapons market report extensively covers market segmentation by

Application1.1 Defense1.2 Homeland securityType2.1 Non-lethal2.2 LethalGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Defense- Directed energy weapons are essential tools in modern military arsenals, providing enhanced combat capabilities for forces worldwide. In September 2020, India’s Defense Research and Development Organization (DRDO) announced plans to develop high-energy lasers and high-powered microwaves, including drought early warning systems (DEWS), as part of a national program. DRDO collaborates with domestic players to create variants up to 100 kilowatts, such as chemical oxygen-iodine and high-power fiber lasers, and a secretive Kali particle beam for soft kills against incoming missiles and aircraft. Additionally, RF and microwave directed energy weapons systems are used to counter electronic warfare threats by disrupting and disabling adversary communication systems, radar, and electronic sensors. The integration of these systems into military platforms like aircraft and naval vessels is becoming commonplace for comprehensive defense against electronic warfare. High-energy lasers, particularly, have gained popularity due to their quick and accurate responses against threats like UAVs and missiles. The US Department of Defense (DoD) has invested significantly in HEL systems, including the Army Mobile Experimental High Energy laser and the Navy Laser Weapon System [LaWS]. These applications within the defense sector will fuel the growth of the global directed energy weapons market during the forecast period.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Directed Energy Weapons (DEW) market is experiencing significant advancement in the defense sector, with laser weaponry gaining increasing attention for military purposes. Collaborative efforts between governments and industry partners are driving the development of DEW solutions, including high-powered microwave weapons and solid-state lasers. These weapons offer protection against diverse threats such as drone swarms, guided missiles, and mortar rounds. The Stryker vehicle is one platform undergoing integration of DEW systems for enhanced protection. High-energy lasers and electromagnetic rail guns are among the emerging DEW technologies, providing a viable alternative to traditional kinetic weapons. Target acquisition and tracking systems are crucial components of DEW systems, ensuring accurate engagement and neutralization of threats. The DEW market is poised for growth as defense agencies continue to seek advanced technologies for defense applications.

Market Research Overview

Directed Energy Weapons (DEW) are revolutionizing modern warfare by providing rapid response capability against diverse threats, including drones, guided missiles, mortar rounds, and even terrorist organizations. DEW systems, such as laser weaponry and high-powered microwave weapons, offer precision targeting and adaptable reactions, minimizing collateral damage to non-combatants and vital infrastructure. The defense sectors are at the forefront of this advancement, with collaborative efforts between military forces and industry partners leading to the development of solid-state lasers, electromagnetic rail guns, and ultra-wideband weapons. The German military, for instance, is working on a shipboard laser weapon with Rheinmetall, while the Stryker vehicle is being equipped with laser weapon solutions. Professional opinions and perspectives on DEWs their importance in countering drone swarms, missile interception, and enemy electronic systems. Product literature and industry statements highlight the benefits of these weapons in protecting soldiers, ground vehicles, naval vessels, aircraft, and unmanned vehicles from various security threats. Continuous research and technology development are essential to enhance the capabilities of DEWs, ensuring they remain effective against evolving threats. Infiltrators and reconnaissance teams are also potential targets for these advanced weapons, providing valuable security strategies for border security and surveillance operations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationDefenseHomeland SecurityTypeNon-lethalLethalGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/directed-energy-weapons-market-to-grow-by-usd-5-31b-2024-2028-boosted-by-development–procurement-of-advanced-technologies-with-market-evolution-powered-by-ai—technavio-302364756.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

EPWK HOLDINGS LTD. Announces Pricing of Initial Public Offering

Published

on

By

XIAMEN, China, Feb. 6, 2025 /PRNewswire/ — EPWK HOLDINGS LTD. (the “Company”) (NasdaqGM: EPWK), a company that connects businesses with great talents through innovative and efficient cloud-sourcing platforms, announced the pricing of its initial public offering (the “Offering”) of 2,750,000 Class A ordinary shares at a public offering price of $4.10 per share. The Class A ordinary shares start trading on Nasdaq Global Market under the ticker symbol “EPWK” on February 6, 2025.

The Company will receive aggregate gross proceeds of $11.275 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters an option, exercisable within 30 days after the closing of the Offering, to purchase up to an additional 412,500 Class A ordinary shares at the public offering price, less underwriting discounts and commissions. The Offering was conducted on a firm commitment basis.

Proceeds from the Offering will be used for business development and marketing, research and development, exploration of new product and service offerings and the creation of an online global design center, and general corporate purposes and working capital.

Cathay Securities, Inc. acted as the representative of the underwriters, with Revere Securities LLC acting as co-underwriter (collectively, the “Underwriters”) for the Offering. VCL Law LLP served as counsel to the Company. Winston & Strawn LLP served as counsel to the Underwriters.

The Offering was conducted pursuant to the Company’s Registration Statement on Form F-1, as amended (File No. 333-269657) (the “Registration Statement”), previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on February 3, 2025. The Offering was made only by means of a prospectus, forming a part of the Registration Statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Alternatively, electronic copies of the prospectus relating to the Offering may be obtained from Cathay Securities, Inc. at 40 Wall Street, Suite 3600, New York, NY 10005, or by telephone at +1 (855) 939-3888.

This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About EPWK HOLDINGS LTD.

The Company connects businesses with outstanding talent through an innovative and efficient integrated crowdsourcing platform, providing creative transaction services for small and medium-sized enterprises and suppliers. The Company was founded by Huang Guohua, former chief reporter of Fujian Daily Press Group, and conducts its operations through its subsidiaries and contractual arrangements with the variable interest entity in China. For more information, please visit the Company’s website: www.epwk.com

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Investor Relations
EPWK HOLDINGS LTD.
Phone: +86 0592-5978725
Email: chenyanjun@epwk.com

View original content:https://www.prnewswire.com/news-releases/epwk-holdings-ltd-announces-pricing-of-initial-public-offering-302370388.html

SOURCE EPWK HOLDINGS LTD.

Continue Reading

Technology

SIMONA AMERICA Group Advances Sustainability Commitments with SBTi Validation As Part of SIMONA AG

Published

on

By

Reduction of CO2 emissions by 42% by 2030 (Scope 1 and 2)SIMONA’s contribution to restricting global warming to 1.5 degreesSignificant milestone in the execution of SIMONA’s sustainability strategy

ATLANTA, Feb. 6, 2025 /PRNewswire/ — SIMONA AMERICA Group, a subsidiary of SIMONA AG, is proud to announce that the company’s ambitious greenhouse gas (GHG) reduction targets have been officially validated by the Science Based Targets initiative (SBTi). This milestone underscores SIMONA’s commitment to reducing its environmental footprint and contributing to the global effort to limit temperature rise to 1.5 degrees Celsius.

SIMONA first signed up to the Science Based Target initiative (SBTi) at the beginning of 2024. The rationale behind this move was to ensure an effective reduction in the company’s carbon footprint, while also making a positive contribution to global climate change mitigation. In joining the SBTi, SIMONA has taken responsibility for the environment and set itself long-term goals that are both quantifiable and based on scientific principles.

As part of these science-based targets, SIMONA has pledged to reduce Scope 1 and Scope 2 emissions by 42% in absolute terms by 2030, using 2022 as the baseline year. Additionally, the company has committed to reducing Scope 3 emissions from purchased goods and services by 51.6% per ton of manufactured product within the same timeframe. The SBTi has recognized these targets as ambitious and aligned with the latest climate science and objectives of the Paris Agreement.

“The SBTi’s confirmation of our climate targets is a significant achievement within our sustainability strategy. It illustrates that we are on the right track when it comes to making a genuine contribution to global climate change mitigation. Working closely with our partners and customers, we are doing everything in our power to achieve our goals in a determined and effective manner,” said Johannes Kappler, Head of Sustainability at SIMONA AG.

At SIMONA AMERICA Group, sustainability remains a top priority across all facilities, operations, and product offerings. Through the increased use of renewable energy, process efficiency improvements, and material innovation—including the expansion of the TERREFORM® line for the aerospace industry and the installation of more than 3,300 solar panels at the Archbald, PA facility—SIMONA AMERICA Group is actively contributing to the company’s broader carbon reduction goals.

“SIMONA has started its sustainability journey much like every other company—by gathering a baseline for carbon accounting,” said Autumn Werner, Sustainability Manager for SIMONA AMERICA Group. “However, with SBTi validation, we have also added accountability to ensure that our efforts lead to real emission reductions while supporting the global goal of restricting warming to 1.5 degrees.”

Werner further emphasized the importance of industry-wide collaboration in sustainability: “SIMONA’s work towards becoming sustainable doesn’t just stop at products—it extends to real efforts across all of our facilities to drive meaningful emission reductions. The SBTi validation keeps us on track and aligns us with the many other companies committed to measurable, science-based climate action.”

To achieve these ambitious targets, SIMONA AMERICA Group is implementing specific initiatives, including transitioning to green electricity, optimizing production processes, and increasing the use of sustainable raw materials. Additionally, efforts to integrate post-industrial and customer waste into new products further reinforce the company’s circular economy approach.

The Science Based Targets initiative (SBTi) was established in 2015 as a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI), and the World Wildlife Fund (WWF). It provides companies with the framework to set rigorous emissions reduction targets in line with the latest climate science.

As SIMONA AMERICA Group continues to advance its sustainability strategy, the company remains committed to meaningful, science-backed actions that drive measurable impact for the environment and the industries it serves.

About SIMONA AMERICA Group

SIMONA AMERICA Group is a diversified manufacturer of high-quality thermoplastic products designed to provide innovative solutions and world-class customer service throughout the United States. As a subsidiary of SIMONA AG, the company is dedicated to sustainability, excellence, and advancing material technologies across multiple industries.

View original content to download multimedia:https://www.prnewswire.com/news-releases/simona-america-group-advances-sustainability-commitments-with-sbti-validation-as-part-of-simona-ag-302370366.html

SOURCE SIMONA AMERICA Group

Continue Reading

Technology

Walter P Moore receives ACEC California top award for CAA ICON’s Intuit Dome

Published

on

By

SACRAMENTO, Calif., Feb. 6, 2025 /PRNewswire/ — Last night, the American Council of Engineering Companies of California (ACEC California) announced that Walter P Moore has won the prestigious Golden State Award for their work on the Intuit Dome located in Inglewood, California.

Intuit Dome realized owner Steve Ballmer’s vision for the NBA Los Angeles Clippers to play in an iconic venue within a complex that houses all team functions under a single roof. The 18,000-seat arena is the NBA’s most environmentally friendly arena and benefits the Inglewood community year-round. The venue anchors a 1.14 million-square-foot facility including state-of-the-art practice and training facilities, team offices, fan gathering spaces, and indoor and outdoor basketball courts open to the public. The distinctive diagrid shell roof, covered in diamond-shaped ETFE and PTFE fabric panels, is designed to resemble a basketball net, making Intuit Dome stand out from other NBA arenas.

Walter P Moore’s team of structural, enclosure, seismic, and construction engineering specialists blended their expertise to optimize the roof geometry, connections, and panel layouts to achieve the goals of strength, beauty, and practicality. Seismic safety was a concern because the site is 1.25 miles from the Newport-Inglewood Fault.

The team created an elegant and ingenious solution that allows the light diagrid shell to behave independently from the much stiffer main arena structure that supports it during a seismic event. They connected the diagrid shell to the arena roof at its top and then laterally supported it at node points down its height with innovative toggle-brace connections. The toggle-braces provide lateral and gravity support while allowing the shell to “swish like a hula skirt” around the more rigid brace frame structure. Intuit Dome also features an enormous one-of-a-kind “Halo” board, a one-million pound, 360-degree, double-sided video board with retractable end pieces that are suspended from the roof, along with state-of-the-art rigging and catwalk systems that enhance the venue’s capabilities.

Intuit Dome is a fully electric facility with sufficient solar panels and batteries to power the arena for an entire concert or basketball game. It is the first NBA arena to achieve LEED Platinum certification under LEED v4. Walter P Moore reduced embodied carbon in the concrete by over 20 percent by collaborating with the concrete supplier to obtain supply-chain-specific Environmental Produce Declarations for all concrete mixes; as a result, the concrete is 50 percent more energy efficient than required by the California Green Building Code.

The complex opened on budget and three months ahead of schedule in July 2024.

Congratulations, Walter P Moore, for capturing ACEC California’s 2025 Golden State Award!

Photographs of all Engineering Excellence Award-winning projects can be found at: 2025 Engineering Excellence Award Winners – American Council of Engineering Companies of California

About Walter P Moore
Walter P Moore is an international company of engineers, innovators, and creative people who solve some of the world’s most complex structural and infrastructure challenges. Providing structural, diagnostics, civil, traffic, parking, transportation, enclosure, technology consulting, and construction engineering services, they design solutions that are cost- and resource-efficient, forward-thinking, and help support and shape communities worldwide. Founded in 1931 and headquartered in Houston, Texas, Walter P Moore’s 900+ professionals work across 24 U.S. offices and seven international locations. For more information, visit www.walterpmoore.com, or follow Walter P Moore on LinkedIn, X (Formerly Twitter), Facebook or Instagram.

About ACEC California
ACEC California is a 70+ year-old, nonprofit association of private consulting engineering and land surveying firms. As a statewide organization, we are dedicated to enhancing the consulting engineering and land surveying professions, protecting the general public, and promoting use of the private sector professionals in the growth and development of our state. Follow us on Social Media: Instagram | Facebook | X (Formerly Twitter) | LinkedIn 

View original content to download multimedia:https://www.prnewswire.com/news-releases/walter-p-moore-receives-acec-california-top-award-for-caa-icons-intuit-dome-302369770.html

SOURCE American Council of Engineering Companies, California

Continue Reading

Trending