12-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Directed Energy Weapons Market By Technology (Microwave and Laser) and By Product (Lethal and Non-Lethal): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Directed Energy Weapons market in 2019 was approximately USD 7,000 Million. The market is expected to grow above a CAGR of 26.0% and is anticipated to reach over USD 35,000 Million by 2026.
A directed-energy weapon is a system that uses directed energy for damaging, incapacitating, disabling, or destroying the desired targets. The general application of directed-energy weapons is to target missiles, vehicles, and defense equipment. Energy transmitted from directed-energy weapons always travels at the speed of light which is far greater than present conventional weapons. Further, directed-energy weapons are not affected by wind, gravity, and other surrounding factors. A directed-energy weapon is capable of engaging in multiple targets. Directed-energy weapons function silently without getting exposed. The rollout of DEW is both quick, economical and can stream or discharge power more time than conventional weapons, which requires ammunition to be changed every time.
Browse the full “Directed Energy Weapons Market By Technology (Microwave and Laser) and By Product (Lethal and Non-Lethal): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/directed-energy-weapons-market-by-technology-microwave-and-1152
In the last few years, military spending around the world has been increasing at a steady rate, this has increased significantly in some of the developing countries such as China, India, etc. Also, the global military and defense equipment exports have also increased significantly. Various countries are focusing on expanding their military and defense capabilities and are heavily investing in new technology, which has driven the global directed-energy weapon market. Further, growing armed conflicts and the number of civil wars in some parts of the world have also increased demand for energy weapons for lethal and non-lethal weapons. This has also been a key growth driving factor for the global directed-energy weapon market. However, high capital requirements for the development of directed-energy weapons is likely to hamper the market growth. Moreover, the lack of publically available research on directed-energy technology has restricted the development of DE technologies and their implementation in warfare.
Based on technology, the laser segment held a major share in the global directed-energy weapon market in 2019. The laser segment held a market share of nearly 75% in the global market in 2019. The adoption of laser-based directed-energy weapons is attributable to the high power transmitted by laser weapons and the accuracy of the laser-based DEW. Based on the product, the lethal segment held a major share in the global directed-energy weapon market in 20119, accounting for a market share of nearly 60% in 2019. The high investment in improving the lethality of new defense and military equipment has driven the demand for lethal DEW.
Based on the region, the North America segment held a large share in the global directed-energy weapon market in 2019. North American directed-energy weapon market in 2019 was valued at nearly USD 1,800 million and is expected to grow at a CAGR of approximately 27% over the projected period. The U.S. has the largest defense and military spending in the world. Growth in the North American region is attributable to increasing military spending by the U.S. on expanding its military capabilities.
Top Market Players
Top key players operating in the market are Thales Group, BAE Systems plc, Battelle, General Dynamics Corporation, General Atomics, Azimuth Corporation, Raytheon Company, The Boeing Company, Lockheed Martin Corporation, Rheinmetall AG, MBDA, Northrop Grumman Corporation, Kratos Defense & Security Solutions, and others.
This report segments the directed energy weapons market as follows:
Global Directed Energy Weapons Market: By Technology Segmentation Analysis
Global Directed Energy Weapons Market: By Product Segmentation Analysis
Global Directed Energy Weapons Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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