The global Stratistics MRC Electromagnetic Weapons market value is expected to reach USD 1684.19 billion, growing at a CAGR of 21.7% during the period 2022-2028.
Electronic bombs are another name for electromagnetic weapons because they have the ability to produce a powerful burst of radio waves or microwaves that can destroy any electronic circuitry or have physiological effects on those exposed to it. In order to send heat, mechanical or electrical energy to a target in order to harm or permanently injure it, electromagnetic weapons generate electromagnetic radiation. According to the technology, these electromagnetic weapons are frequently used against people, technological devices and military targets.
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By geography, North America is expected to hold the largest market share over the forecast period as regional governments invest more money in the development of electromagnetic weapons. Additionally, high-tech electromagnetic weapon systems, such as high-energy lasers and high-power microwaves, are being developed by the US and Canadian Departments of Defense.
Some of the key players featured in the electromagnetic weapons market include Northrop Grumma corporation, Lockheed Martin Corporation, Rafael advanced defense systems, Directed energy technologies inc., Raytheon Technologies Corporation, L3harris technologies, Qinetiq group PLC., Elbit systems LTD., General Atomics , Rheinmetall AG, Honeywell International, BAE Systems, The Boeing Company, Thales Group.
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