Directed Energy Weapons Market (By Technology:High Energy Laser, High Power Microwave, and Particle Beam; By Weapon Type: Lethal Weapons, and Non-Lethal Weapons; ByDeployment: Airborne, Land Based, and Naval;By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024
Global Directed Energy Weapons Market is estimated to reach $48.5 billion by 2024; growing at a CAGR of 25.4% from 2016 to 2024. Weapon that emits or releases focused energy and that can transfer that energy to damage or destroy a target is termed or known as directed energy weapons (DEW). These are known to produce extremely powerful beams or rays. They mostly use single or only one optical system to simply focus it in the target or to track the target. Additionally, these rays can be effortlessly re-directed by mirrors to harm the targets that are not noticeable from the source. Lasers are considered or known to be most matured type of DEW weapon.
The global directed energy weapons market is primarily driven by factors such as legal impacts and regulations of DEWs, need for precision & accuracy, and need of laser especially in areas like navy. However, insufficient funding and arms transfer policy may hinder the market growth to a larger extent. On the other hand, growing defence expenditure by many countries as well as technological developments might provide with several growth opportunities in the forecasted years.
The global directed energy weapons market has been segmented into technology, weapon type, deployment, and geography. On the basis of technology, market has been divided into high energy laser, high power microwave, and particle beam. Similarly, on the basis of weapon type, the market has been segmented as lethal weapons, and non-lethal weapons. Deployment comprises airborne, land based, and naval.
Based on geography, global directed energy weapons market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, France, Italy, Germany, and Rest of Europe. Asia-Pacific is segmented into China,India, Japan, and Rest of Asia Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market are Lockheed Martin, Northrop Grumman, The Boeing Company, Raytheon Company, BAE systems, L-3 Technologies, Qinetiq Group PLC, General Dynamics Corporation, Rafael Advanced Defense Systems Ltd., and Kratos Defense & Security Solutions, Inc., among others.
The key takeaways from the report
- The report will provide detailed analysis of Directed Energy Weapons Market with respect to major segments such as technology, weapon type, and deployment
- The report will include the qualitative and quantitative analysis with market estimation over 2015 - 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Directed Energy Weapons Market has been included in the report
- Profile of the key players in the Directed Energy Weapons Market will be provided, which include key financials, product & services, new developments and business strategies
Scope ofthe Global Directed Energy Weapons Market
- High Energy Laser
- High Power Microwave
- Particle Beam
Weapon Type Segments
- Lethal Weapons
- Non-Lethal Weapons
- Land Based
- Rest of Europe
- Rest of Asia Pacific
- South America
- Middle East