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Market Overview of Global High Power Microwave market:
According to our latest research, the global High Power Microwave market looks promising in the next 5 years. As of 2022, the global High Power Microwave market was estimated at USD 315.31 million, and it's anticipated to reach USD 723.76 million in 2028, with a CAGR of 14.85% during the forecast years.
High-power microwave (HPM) weaponry sends out a short, extremely high-voltage burst of electromagnetic energy capable of disrupting computer systems for a fraction of a second. Although the disruption is short, the burst causes computers to reset, and if the computers operate something as sensitive as the control and navigation systems of a jet in mid-flight, the result could be lethal. HPM systems are effective weapons by virtue of the fact that their use is difficult to trace.
Supply-side shocks are some of the most obvious impacts of the epidemic on the defense sector. Companies that are located in countries severely affected by the virus, or those that rely on supply chains located in affected countries, are the direct victims of the epidemic. Disruptions in global value chains can be particularly devastating for small and medium-sized companies and niche firms. State-sponsored rescue plans may save some of these companies, more diversified firms appear to be doing better, and some may be stronger than before.
Technological factors and manufacturing models also play a role in the degree of impact. For example, high power microwave companies with highly automated factories may be less affected by social alienation. Similarly, companies that have not fully transitioned to certain manufacturing models may have more inventory and therefore be able to cope with supply-side shocks over a longer period of time.
While the impact of the Covid-19 crisis on the defense industry varies by country and sector, there are some generally noteworthy patterns. In particular, the world became increasingly isolated, nationalistic, and even isolationist. Global value chains are disrupted. International cooperation in response to Covid-19 has been weak, and the defense industry is no exception. Protectionism is on the rise, there is now a greater emphasis on national self-reliance, involving not only the supply of vaccines, where there is fierce competition, but also broader concerns about security and national safety. The national security state is once again in the spotlight.
Business development in the high power microwave industry is quite different from that of many other industries and is characterized by long negotiations, long engagements, high stakes, government-to-government contacts, extensive testing and evaluation, and face-to-face meetings. The current situation is not conducive to business development in this industry.
Social Factors
International power has accelerated its differentiation and combination, and the power of emerging market countries and developing countries has continued to rise, with the contrast of strategic power waxing and waning. Global and regional security issues continue to increase. International arms control and disarmament have suffered setbacks, and the trend of arms race has emerged. The situation of preventing the proliferation of weapons of mass destruction is complicated, and the international non-proliferation mechanism is endangered by pragmatism and double standards and faces new challenges. Extremism and terrorism are spreading, and non-traditional security threats such as cybersecurity, biosecurity and piracy are becoming increasingly prominent. The intertwined, interrelated and interactive nature of national security continues to grow, and no country can deal with it independently or do it alone.
Technological Factors
The global high power microwave industry has always been driven by technology. At present, the world's major military powers, including the United States, Russia, the United Kingdom and China, etc., all attach great importance to the development and application of high-power microwave weapons technology, the relevant areas of research and development time is not just a few years. In terms of the overall level of development, the United States and Russia have the highest level of research.
Environmental Factors
Uncontrollable factors in the macro-environment will also affect the development of high power microwave. Unforeseen global crises such as wars, conflicts, global health pandemics, earthquakes, major weather events or other events beyond control may negatively impact the revenue and operating results of high power microwave providers.
Region Overview:
From 2023-2028, United States is estimated to witness robust growth prospects.
Company Overview:
Raytheon Company is one of the major players operating in the High Power Microwave market, holding a share of 10.02% in 2022.
Raytheon Company
Raytheon Company is an aerospace and defense company that is engaged in providing advanced systems and services for commercial, military and government customers worldwide.
The Boeing Company
The Boeing Company is an aerospace firm. The Company operates in four segments: Commercial Airplanes (BCA); Defense, Space & Security (BDS); Global Services (BGS), and Boeing Capital (BCC).
Segmentation Overview:
Among different product types, Non-Lethal Weapons segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Defense segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global High Power Microwave market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global High Power Microwave Market Report:
Market Size Estimates: High Power Microwave market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: High Power Microwave market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the High Power Microwave market
Segment Market Analysis: High Power Microwave market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: High Power Microwave market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the High Power Microwave Market: Revenue and sales volume of major countries in each region
High Power Microwave Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the High Power Microwave market in major regions.
High Power Microwave Industry Value Chain: High Power Microwave market raw materials & suppliers, manufacturing process, distributors, downstream customers
High Power Microwave Industry News, Policies & Regulations
Key players in the global High Power Microwave market are covered in Chapter 12:
Bae Systems
Northrop Grumman
L3 Technologies
Epirus
Lockheed Martin Corporation
Raytheon Company
The Boeing Company
In Chapter 2 and Chapter 15.1, based on types, the High Power Microwave market from 2018 to 2028 is primarily split into:
Lethal Weapons
Non-Lethal Weapons
In Chapter 3 and Chapter 15.2, based on applications, the High Power Microwave market from 2018 to 2028 covers:
Homeland Security
Defense
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the High Power Microwave market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028