“Global Directed Energy Weapons Market, by Technology (High Energy Lasers, High Power Microwaves, Particle Beams), By Weapon Type (Lethal, Non-Lethal), By Deployment (Airborne, Land-Based, Naval), as well as by Region – Global Forecast 2020 to 2029.”, which offers a comprehensive view of the Global Directed Energy Weapons Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over USD $4,850.7 Mn, and is estimated to increase significantly over the latter part of the forecast period.
A directed-energy weapon is a ranged weapon that damages its target with highly focused energy, including laser, microwaves, and particle beams. Potential applications of this technology include weapons that optical devices, vehicles, missiles, and target personnel.
The steady increase in the need for various countries across the world to reinforce their existing military (defensive & offensive) capabilities as a countermeasure to potential threats faced either domestically and overseas, is a major factor that is expected to continue to fuel the projected revenue growth of the Global Directed Energy Weapons Market in the years to come. Moreover, due to the sensitive nature of several geo-political landscapes around the globe, many governing authorities are now more focused on securing the integrity of their respective territories. This is also a primary factor that is expected to boost new opportunities for increased market growth of the Global Directed Energy Weapons Industry in the near future. Furthermore, increasing investments being made by governing bodies across the world towards the development of innovatively advanced weapons to counter evolving security threats, as well as the steady increase in the involvement of numerous private firms in the development of these weapons is another significant factor that is slated to have a profound influence on this sector. These aforementioned factors are some of the most crucial factors that are anticipated to play a critical role in catapulting the projected revenue of the Global Directed Energy Weapons Market to USD $13,201.1 Mn by 2029, at a CAGR of 34.0%.
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