DALLAS, March 25, 2014 /PRNewswire/ --
According to the market research report "Directed Energy Weapon Market Forecast and Analysis by Technology (HEL, HPM, Particle Beam), Product (Lethal, Non-Lethal), Application (Defense, Homeland Security) & by Geography (North America, Europe, Latin America, APAC, Middle East) - Global Forecasts and Analysis to 2013-2020" , published by MarketsandMarkets, the directed energy weapon market is projected to cross $18.42 Billion by 2020, growing at a high CAGR from 2013 to 2020.
Browse more than 80 market data tables with 59 figures spread through 184 pages and in-depth TOC on "Directed Energy Weapon Market"
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The last few years witnessed a well-paced revolution in the Directed Energy Weapon Market. The difficulties identified in the Directed Energy Weapon Market are, high development cost, large size, deflection due to dust, water vapor, and beam absorption by conductive materials. The challenges faced by this market include technological snag, fratricide, and bulkiness.
There have been huge investments in developments and demonstrations of directed energy weapons. All these developments have created demand for better and more stable technology. High Energy Laser technology is the most preferred and applicable technology used for the development of directed energy weapons.
The advantages of high energy laser weapons include effectiveness against maneuvering and fast targets, long range engagement, precise targeting, visual damage assets, graduated effect capability (lethal, non-lethal), and among others. The high power microwave has advantages such as all weather attack, area coverage of multiple targets, minimal collateral damage, low cost per shot, unlimited magazine, and others.
The Directed Energy Weapon Market is segmented into four categories that include technology, product, application, and geography. This report divides the overall market into four main geographical segments, namely, North America, Europe, APAC, the Middle East, and Latin America. North America currently contributes highest in market growth compared to the other regions. Besides this, APAC and the Middle East will show growth by 2020 with high CAGR.
The leading companies in the directed energy weapon market covered in the report are Lockheed Martin (U.S.), Raytheon (U.S.), Northrop Grumman (U.S.), Boeing (U.S.), Rafael Advanced Defense Systems (Israel), MBDA (U.K.), Textron (U.S.), Moog, Inc. (U.S.), BAE Systems (U.K.), and Applied Companies (U.S.).
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