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.
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Top Companies Analyzed for Directed Energy Weapons Market are –
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Company
- Boeing Company
- BAE Systems PLC.
- Textron Inc.
- Rheinmetall AG
- L-3 Communications Holdings, Inc.
- Moog Inc.
- Quinetiq Group PLC.
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North America dominated the directed energy weapons market in 2015. The U.S. is the largest developer and exporter of directed energy weapons, globally, which has resulted in North America contributing the largest share to the directed energy weapons market.
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.
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- Departments of Defense (DoDs)
- Directed Energy Weapon Manufacturers
- Sub-component Manufacturers
- Homeland Security Agencies
- Laser Component Manufactures
- Defense Science Board
- The National Defense Research Institute (NDRI)
- Defense Research and Development Organization (DRDO)
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Research Coverage: The directed energy weapons market has been segmented based on product (lethal, non-lethal), application (defense, homeland security), HEL systems (solid-state laser, chemical laser, free electron laser, fiber laser), end user (airborne, land vehicles, gun shot, ship-based) and region (North America, Europe, Asia-Pacific, Middle East, Latin America, Africa).
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