The directed energy weapons market is projected to grow from USD 6.87 Billion in 2016 to USD 24.45 Billion by 2021, at a CAGR of 28.90% during the forecast period. In recent years, the range of advanced offensive and defensive capabilities offered by smart weapons has made them an indispensable component of any military force. This has created an increased demand for directed energy weapons from various regions, such as North America, Asia- Pacific, and the Middle East. This has consequently resulted in increased R&D expenditure for the development of directed energy weapons.
The directed energy weapons market is a highly dynamic and has high growth potential for several reasons, such as the changing geo-political dynamics of the global economy as well as the increasing incidences of armed conflicts, violence, and terrorism, among others.
In this report the directed energy weapons market has been segmented based on application, technology, product, high energy laser system, and end-user. Based on product, the market has been segmented as lethal and non-lethal. The directed energy weapons market, based on high energy laser systems, has been segmented into solid state laser, chemical laser, free electron laser, and fiber laser.
The fiber laser segment is expected to witness high growth, due to the development of fiber laser technologies and microwave-based weapons such as active denial systems or pain ray weapons. Ongoing research and development activities, particularly in the high energy laser systems category, is one of the key factors expected to propel the growth of the directed energy weapons market. A majority of the companies operational in the directed energy weapons market are based in the U.S.
Asia-Pacific is expected to be the fastest-growing market for directed energy weapons market during the forecast period, since several Asia-Pacific countries such as India, China, Australia, and South Korea have made significant investments for research and development of directed energy weapons, such as active denial systems, laser dazzlers, among others.
- BAE Systems PLC.
- Boeing Company
- L-3 Communications Holdings, Inc.
- Lockheed Martin Corporation
- Moog Inc.
- Northrop Grumman Corporation
- Quinetiq Group PLC.
- Raytheon Company
- Rheinmetall AG
- Textron Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Directed Energy Weapons Market, By Technology
8 Directed Energy Weapons Market, By High Energy Laser Systems
9 Directed Energy Weapons Market, By Product
10 Directed Energy Weapons Market, By Application
11 Directed Energy Weapons Market, By End User
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/qx9c8k/directed_energy
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---directed-energy-weapons-dew-market-to-reach-24-billion-by-2021---key-vendors-are-boeing-company-lockheed-martin-corporation--moog-300369011.html
SOURCE Research and Markets