The directed energy weapons market is projected to grow from USD 6.87 Billion in 2016 to USD 24.45 Billion by 2021, at a CAGR of 28.90% during the forecast period. In recent years, the range of advanced offensive and defensive capabilities offered by smart weapons has made them an indispensable component of any military force. This has created an increased demand for directed energy weapons from various regions, such as North America, Asia- Pacific, and the Middle East. This has consequently resulted in increased R&D expenditure for the development of directed energy weapons.
The directed energy weapons market is a highly dynamic and has high growth potential for several reasons, such as the changing geo-political dynamics of the global economy as well as the increasing incidences of armed conflicts, violence, and terrorism, among others.
In this report the directed energy weapons market has been segmented based on application, technology, product, high energy laser system, and end-user. Based on product, the market has been segmented as lethal and non-lethal. The directed energy weapons market, based on high energy laser systems, has been segmented into solid state laser, chemical laser, free electron laser, and fiber laser.
The fiber laser segment is expected to witness high growth, due to the development of fiber laser technologies and microwave-based weapons such as active denial systems or pain ray weapons. Ongoing research and development activities, particularly in the high energy laser systems category, is one of the key factors expected to propel the growth of the directed energy weapons market. A majority of the companies operational in the directed energy weapons market are based in the U.S.
Asia-Pacific is expected to be the fastest-growing market for directed energy weapons market during the forecast period, since several Asia-Pacific countries such as India, China, Australia, and South Korea have made significant investments for research and development of directed energy weapons, such as active denial systems, laser dazzlers, among others.
BAE Systems PLC.
L-3 Communications Holdings, Inc.
Lockheed Martin Corporation
Northrop Grumman Corporation
Quinetiq Group PLC.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Directed Energy Weapons Market, By Technology
8 Directed Energy Weapons Market, By High Energy Laser Systems