MarketResearch.biz announces publication of its most recently generated research report titled, “Global Directed Energy Weapons Market by Technology (High Energy Lasers, High Power Microwaves, and Particle Beams), by Weapon Type (Lethal and Non-Lethal), by Deployment (Airborne, Land Based, and Naval), and by Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa) – Global Forecast to 2029”, which offers a holistic view of the global directed energy weapons market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2024) is projected to be more than US$ 135 Bn, which is expected to increase significantly over the latter part of the five-year forecast period.
Directed energy weapons are systems that use directed energy primarily as a direct means to damage or destroy enemy’s equipment, personnel, missiles, vehicles, and optical devices, with minimum collateral damage.
Browse the full “Directed Energy Weapons Market By Technology (High Energy Lasers, High Power Microwaves), By Deployment (Airborne, Land Based, And Naval), By Weapon Type (Lethal And Non-Lethal), and Region – Global Forecast to 2029” report at https://marketresearch.biz/report/directed-energy-weapons-market/
Global Directed Energy Weapons Market: Market Dynamics
Rising demand for directed energy weapons, owing to their ability to damage targets with minimum indemnity damage is expected to fuel growth of the global directed energy weapons market.
Certain limitations of these weapons can limit adoption and could hamper growth of the global market to a certain extent.
The increasing need for high-performance military weapons to strengthen defense, and preparedness, and protect from any threats is a major factor expected to drive growth of the target market over the forecast period.
Rising investments by governments of various countries and private players in increasing number of projects, coupled with increasing R&D activities in order to design and manufacture high energy laser defense systems are among some of the other major factors expected to support growth of the target market.
- In January 2017, the Defense Science and Technology Laboratory (DSTL), which is a UK-based agency of the Ministry of Defense, awarded a contract to Dragonfire consortium valued at US$ 33.79 Mn to UK industries, to demonstrate the potential of Laser Directed Energy Weapons (LDEW)
- In June 2015, Kratos Defense & Security Solutions, Inc., which is a US-based National Security Solutions provider, announced that its Defense & Rocket Support Services (DRSS) Division had been awarded a two-year US$ 4.5 Mn contract in support of certain directed energy programs for the United States Government
Global Directed Energy Weapons Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global directed energy weapons market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global directed energy weapons market is expected to register a CAGR of 30.2% over the forecast period.
Global Directed Energy Weapons Market: Segmental Snapshot
The market report has been segmented on the basis of technology, weapon type, deployment, and region. The technology segment includes high energy lasers, high power microwaves, and particle beams. The weapon type segments include lethal, and non-lethal. The deployment segment includes airborne, land-based, and naval. The regions include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Technology: The high energy lasers segment is expected to account for the highest revenue share as compared to other technology segments, and is expected to register highest CAGR of over 32.1%
By Weapon Type: The non-lethal segment is projected to record highest revenue share in the global market as compared to other segment, and is expected to register highest CAGR of over 30.6%
By Deployment: The land base segment is projected to record the highest revenue contribution. The airborne segment is projected to register highest CAGR of over 32.6%
By Region: The market in North America is expected to record largest revenue share in the global directed energy weapons market, and is expected to register highest CAGR of over 32%
Global Directed Energy Weapons Market: Competitive Analysis
The research report on the global directed energy weapons market includes profiles of some of the major companies such as Lockheed Martin Corporation, Northrop Grumman Corporation, The Boeing Company, Raytheon Company, L-3 Technologies Inc., Qinetiq Group plc, General Dynamics Corporation, Rafael Advanced Defense Systems Ltd., Kratos Defense & Security Solutions, Inc., and Leonardo SpA.
“Global Directed Energy Weapons Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global directed energy weapons market for 2019–2029.
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