Global Directed Energy Weapon Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis. —
The global directed energy weapon market includes a number of key players. This includes names like Raytheon Company (U.S), Lockheed Martin Corporation (U.S), BAE Systems PLC (U.K), Northrop Grumman Corporation (U.S), Quinetiq Group PLC. (U.S.), L-3 Communications Holdings, Inc. (U.S.), Boeing Company (U.S), Textron Inc. (U.S.), Rheinmetall AG (Germany), Moog Inc. (U.S.), and others.
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Directed energy weapon is a weapon that emits highly focused energy and comprises microwave, laser, and particle beams to damage the target. Various applications like missile defense systems and anti-personnel weapon systems use the weapon for defense purposes like biological, chemical, nuclear emergencies, and radiological. This has subsequently prompted an increase in research and development expenditure for directed energy weapons.
A recent study published by Market Research Future (MRFR) revealed that the global directed energy weapon market will grow at a healthy pace over the forecast period between 2017 and 2023. The market is expected to grow at a slow yet steady CAGR in the coming years.
June 2019, the US Air Force announced the launch of its all new anti-drone weapon named THOR, Tactical High-Power Microwave Operational Responder, that is to be used for its future military operations. The move is aimed at combatting the threat from enemy drones.
The increasing demand for Directed Energy Weapon Market is primarily due to the increasing need and demand for high-end, precise, integrated, and cost-effective energy weapons by the defense forces. This is strikingly increasing the participation of manufacturers in this industry. Add to this, rapid technological advancements and the growing focus of OEMs on strengthening the capabilities of aircrafts is also anticipated to increase the expenses of aircrafts and influence a positive growth in the market.
Moreover, some of the other key factors responsible for the growth of the market are high demand of laser as well as lethal weapons and an increasing spending percentage on defense expenses. This is one of the primary factors that is driving the growth of the global market. Hence, it was reported by MRFR that the growth of the directed energy weapon market will go hand in hand with the rising investment level in the military sector. However, the high development cost associated with these weapons and the susceptibility to degradation by a number of external environmental occurrences acts as the primary barriers of growth for the global market.
The global directed energy weapon market segmentation is based in terms of application, platform, and type.
By platform, the market includes naval, ground-based, and airborne segments. The airborne segment is the most commonly used and holds the highest share of the market. This is due to the changing geo-political dynamics.
By type, the market divides into non-lethal weapons and lethal weapons. The lethal weapons segment is expected to grow with the highest CAGR during the forecast period.
By applications, the market segments into homeland security and military. The military segment is projected to grow with the highest share percentage during the forecast period.
The global directed energy market covers a number of key regions in its geographical study. This includes names like North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Among the mentioned regions, the North American region stands at the top of the directed energy weapon market. The region is expected to continue its dominance over the market in the coming years as well. This dominance of the regional market is due to the advancements in technology in warfare platforms and the booming defense-related budgets.
Europe stands second in the global directed energy weapon market standings. The regional market holds a significant presence in the global landscape and is expected to grow at a notable CAGR over the forecast period. The regional market is driven primarily due to the increasing military spending in various countries like Algeria, Ukraine, and Saudi Arabia.
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Scope of Report
The report for Global Directed Energy Weapon Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
List of Tables
Table 1 Global Directed Energy Weapon Market: by Region, 2017-2023
Table 2 North America Directed Energy Weapon Market: by Country, 2017-2023
Table 3 Europe Directed Energy Weapon Market: by Country, 2017-2023
Table 4 Asia Pacific Directed Energy Weapon Market: by Country, 2017-2023
Table 5 Middle East & Africa Directed Energy Weapon Market: by Country, 2017-2023
Table 6 South America Directed Energy Weapon Market: by Country, 2017-2023
Table 7 Global Directed Energy Weapon Market, by Platform, by Regions, 2017-2023
Table 8 North America Directed Energy Weapon Market, by Platform, by Country, 2017-2023
Table 9 Europe Directed Energy Weapon Market, by Platform, by Country, 2017-2023
Table 10 Asia Pacific Directed Energy Weapon Market by Platform, by Country, 2017-2023
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top Down & Bottom Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Directed Energy Weapon Market Share, by Platform, 2016 (%)
Figure 9 Global Directed Energy Weapon Market, by Platform, 2015-2023 (Usd Million)
Figure 10 Global Directed Energy Weapon Market Share, by Type, 2016 (%)
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