Key Players: Lockheed Martin, The Raytheon Company, Boeing Company
The directed energy weapons market is expected to grow from USD 6.87 billion in 2016 to USD 24.45 billion by 2021, at a CAGR of 28.90% from 2016 to 2021.
Directed Energy Weapons Market highlights key players such as Northrop Grumman (U.S.) Inc., SZ DJI Technology Co., Ltd. (China), Textron Inc. (U.S.), Parrot SA (France), IAI Ltd. (Israel), AeroVironment, Inc. (U.S.), Lockheed Martin Corporation (U.S.), and The Boeing Company (U.S.), among others.
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The directed energy weapons market is expected to grow from USD 6.87 billion in 2016 to USD 24.45 billion by 2021, at a CAGR of 28.90% from 2016 to 2021. The growth of the market is expected to be driven by several factors, such as increasing demand of laser weapons in naval forces, change in nature of warfare from conventional to urban warfare, and increasing demand for non-lethal deterrents, among others.
However, high cost of development of directed energy weapons and susceptibility to degradation by environment may restrain the growth of the market in the coming years.
The key products considered in the directed energy weapons market are lethal and non-lethal weapons. The lethal segment is expected to witness higher growth, owing to increased investments for the development of lethal weapons to enhance the efficiency and effectiveness of military operations, globally.
“Break-up of profile of primary participants for the directed energy weapons market”
- By Company Type - Tier 1 – 45 %, Tier 2 – 35% and Tier 3 – 20%
- By Designation – C Level –50%, Director Level – 35%, Others – 15%
- By Region – North America - 44%, Europe – 35%, APAC – 15%, RoW – 6%
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Key Points From Table Of Content :
7 Directed Energy Weapons Market, By Technology
7.2 High Energy Laser Technology
7.3 High Power Microwave Technology
7.4 Particle Beam Weapons
8 Directed Energy Weapons Market, By High Energy Laser Systems
8.2 Solid-State Laser
8.3 Fiber Laser
8.4 Free Electron Laser
8.5 Chemical Laser
9 Directed Energy Weapons Market, By Product
9.2 Lethal Weapons
9.3 Non-Lethal Weapons
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10 Directed Energy Weapons Market, By Application
10.2 Homeland Security
11 Directed Energy Weapons Market, By End User
11.2 Ship-Based Directed Energy Weapons
11.4 Land Vehicles
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