Global High Power Microwave Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global High Power Microwave market:
The latest research study on the global High Power Microwave market finds that the global High Power Microwave market reached a value of USD 315.31 million in 2022. It’s expected that the market will achieve USD 723.76 million by 2028, exhibiting a CAGR of 14.85% during the forecast period.

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.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global High Power Microwave market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global High Power Microwave market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the High Power Microwave and its sub-markets in an intuitive way.

Key Companies in the global High Power Microwave market covered in Chapter 3:
Bae Systems
L3 Technologies
Epirus
Northrop Grumman
Raytheon Company
The Boeing Company
Lockheed Martin Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the High Power Microwave market from 2018 to 2029 is primarily split into:
Lethal Weapons
Non-Lethal Weapons

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the High Power Microwave market from 2018 to 2029 covers:
Homeland Security
Defense

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the High Power Microwave market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029