Expected increase in defense spending will put the electromagnetic railgun into spotlight and will give a much needed boost to this promising military technology.
Electromagnetic railgun market will surpass $1.5 Billion by 2024, growing at CAGR 17% in the period 2019-2024.
Recent years have witnessed a series of successful electromagnetic railgun tests. The new military paradigm is emerging – military high energy lasers provide close range defense, railguns provide medium range attack and defense (effectively replacing missiles within 100 mile range), reserving cruise missiles for long-range attacks.
Electromagnetic railgun technology brings to battlefield such critical advantages as damage potential, precision, deep magazines, simplified logistics of non-explosive round, missile range at bullet price.
The Navy is considering arming the Zumwalt-class destroyers with hypervelocity railgun rounds.
“The electromagnetic railgun represents an incredible new offensive capability for the U.S. Navy,” said Rear Adm. Bryant Fuller, the Navy’s chief engineer. “This capability will allow us to effectively counter a wide-range of threats at a relatively low cost, while keeping our ships and sailors safer by removing the need to carry as many high-explosive weapons.”
“The reduction in missile defense is more than offset the Navy and by the Office of the Secretary of Defense efforts in electromagnetic rail gun technology; a nearly $200M investment in FY 2015. This push in rail gun is being made to determine if the technology is mature enough to field an inexpensive, kinetic kill system to intercept theater ballistic missiles in terminal and mid-course. The current investment supports demonstration of an advanced rail gun against a missile surrogate in 2015.” – Alan R. Shaffer, Principal Deputy, Assistant Secretary of Defense for Defense Research & Engineering.
The electromagnetic gun technology will be ready for production by 2019 and now is the right time for defense industry to capitalize on new technology by bringing it to the market.
The report provides detailed year-by-year (2019 – 2024) forecasts for the following market segments:
By technology ecosystem segments:
- R&D
- Launchers
- Projectiles
- Control System
- Power system
- Integration Services
- Support & Maintenance Services
- Training
By muzzle energy level:
- Up to 20 MJ
- More than 32 MJ
The report also provides deployment scenario for 2019-2024 in terms of naval, land mobile and land stationary deployment of electromagnetic railgun systems.
Electromagnetic Railgun Market Forecast 2019-2024, Tabular Analysis, May 2019, Pages: 17, Figures: 10, Tables: 4, Single User Price: $5,950.00
Reports are delivered in PDF format within 48 hours.
Analysis provides quantitative market research information in a concise tabular format. The tables/charts present a focused snapshot of the market dynamics.2Checkout.com Inc. (Ohio, USA) is a payment facilitator for goods and services provided by Market Research Media Ltd.
Electromagnetic Railgun Market Forecast 2019-2024, Tabular Analysis, May 2019, Pages: 17, Figures: 10, Tables: 4, Global Site License: $9,950.00
Reports are delivered in PDF format within 48 hours.
Analysis provides quantitative market research information in a concise tabular format. The tables/charts present a focused snapshot of the market dynamics.2Checkout.com Inc. (Ohio, USA) is a payment facilitator for goods and services provided by Market Research Media Ltd.
Table of Contents
1. Market Report Scope & Methodology
1.1. Scope
1.2. Research Methodology
2. Executive Summary
2.1. Electromagnetic Railgun Market: Key Findings and Forecasts
3. Electromagnetic Railgun Market in Numbers
3.1. Electromagnetic Railgun Market by Technology Ecosystem Segments
3.2. Electromagnetic Railgun Market by Muzzle Energy Levels
3.3. Electromagnetic Railgun Systems by Deployment
List of Figures
Fig. 1- Electromagnetic Railgun Market Forecast 2019-2024, $Mln
Fig. 2- Cumulative Electromagnetic Railgun Market 2019-2024, Market Share by Technology Ecosystem Segments, %
Fig. 3- Electromagnetic Railgun Market Dynamics 2019-2024 by Ecosystem Segments, $Mln
Fig. 5- Electromagnetic Railgun Market Dynamics by Ecosystem Segments
Fig. 6- Cumulative Electromagnetic Railgun Market 2019-2024, Market Share by Muzzle Energy Levels, %
Fig. 7- Electromagnetic Railgun Market Dynamics 2019-2024 by Muzzle Energy Levels, $Mln
Fig. 8- Electromagnetic Railgun Market Growth Rates 2019-2024 by Muzzle Energy Levels, CAGR %
Fig. 9- Electromagnetic Railgun Market Dynamics by Muzzle Energy Levels
Fig. 10- Cumulative Electromagnetic Railgun Market by Deployment: Naval, Land Mobile, Land Stationary
List of Tables
Table 1 – Timeline of Electromagnetic Railgun Developments
Table 2 – Electromagnetic Railgun Market Forecast 2019-2024, $Mln
Table 3 – Electromagnetic Railgun Market 2019-2024 by Technology Ecosystem Segments, $Mln
Table 4 – Electromagnetic Railgun Market 2019-2024 by Muzzle Energy Levels, $Mln