Global Directed Energy Weapons Market Overview
Directed energy weapon is a system used to damage, disable, or destroy enemy equipment, facilities, and personnel. Directed energy weapon is used in defense and homeland security. These weapons include high energy laser technology, high power microwave technology, and particle beam technology.
Global Directed Energy Weapons Market Drivers & Restraints
Increasing demand for directed energy weapon from defense, air force, and naval force drives directed energy weapon market. In addition, rising demand for non-lethal deterrents, coupled with directed energy weapon changes the nature of warfare from conventional to urban warfare which is expected to augment the target market in the near future. However, cost efficiency regarding directed energy generated weapons is restraining growth of the directed energy weapon market.
Global Directed Energy Weapons Market Segmentations & Regional Insights
Directed energy weapon market has been segmented on the basis of application, technology, high energy laser system, product, end-user, and region. On the basis of application, the target market is classified into homeland security and defense. On the basis of technology, the directed energy weapons market is divided into high energy laser, high power microwave, and particle beam. On the basis of high energy laser system, the target market is divided into fiber laser, free electron laser, solid-state laser, and chemical laser. On the basis of product, the directed energy weapons market is bifurcated into lethal and non-lethal. On the basis of end-user, the target market is categorized into ship-based, land vehicles, airborne, and gun shot.
Regional Insights:
On the basis of region, the global directed energy weapon market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
The directed energy weapons market in North America is expected to account for major revenue share as compared to that of other regions. This can be attributed to increasing demand for directed energy weapons in air force in the countries of the region. The market in Europe is expected to account for second-highest revenue share in the global directed energy market, followed by the market in Asia Pacific. The market in Asia Pacific is expected to be the fastest growing market over the forecast period.
Global Directed Energy Weapons Market Competitive Landscape & Key Players
Key players operating in the directed energy weapon market includes Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, The Boeing Company, BAE Systems plc, L-3 Communications Corporation, Rafael Advanced Defense Systems Ltd, Applied Companies, Inc, Textron Inc, and Moog, Inc.
Global Directed Energy Weapons Market Highlights
FAQs
The Global Directed Energy Weapons market is segmented into basis of application, technology, high energy laser system, product, end-user, and region.
The worldwide directed energy weapons market is expected to rise due to rising need for lethal and precise weapons.
The North American region currently dominates the market due to the robust investment of the United States Department of Defense (DoD) to integrate the directed energy weapon technology into the army, navy, and air force.
The Key players operating in the global Directed Energy Weapons market include Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, The Boeing Company, BAE Systems plc, L-3 Communications Corporation, Rafael Advanced Defense Systems Ltd, Applied Companies, Inc, Textron Inc, and Moog, Inc.