The Worldwide Market for Directed Energy Weapons to 2024 - Driven by the Increasing Demand for Non-Lethal Nuclear Weapons
DUBLIN, Dec. 12, 2018 The "Global Directed Energy Weapons Market- Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
According to analysis, the directed energy weapons system is estimated to grow CAGR of 23.96% and reach $24.31 billion during 2017-2024.
The market driver for directed energy weapons are, growing demand for laser weapons systems in Navy, worldwide growth for non-lethal deterrents, changing nature of warfare from conventional to urban areas, legal implications and policy for directed energy weapons, precision target reach requirement. Commercializing the technology (outsourcing) will create huge opportunity for directed weapons system to grow.
Laser weapons have less cost per shot as compared to conventional kinetic weapons. They are directed by energy measured in terms of kilowatt. Increasing threat from nation and anti-national elements especially in urban areas are driving countries to look forward for energy directed weapons. Navy throughout the world want to arm their destroyers, cruisers and other vessel with low cost ship board laser weapons in the near future and governments are offering contracts for technology manufacturing companies. U.S. Government has offered 12 month $53 million deal to Northrop Grumman to build laser weapon system demonstrator by end of 2017.
The contract can further extend up to $91 million depending on the prototype being used. Precision in warfare is a much sought after capability in modern warfare. Directed energy weapon has the ability to bring result with precision. Directed Energy weapons are in high demand especially in air to ground, ground to air, air to air combats. Directed energy weapons are much more cost effective starting with $23,000, considering cost per shot unlike using conventional bombs or missiles costing $3-60 million.
The foremost challenge for directed energy weapons system is the component improvement and system integration, susceptibility to degradation due to atmosphere, and technical challenges towards developing high energy sources. Lack of testing facility, lack of funding, regulation with respect to arms transfer, and high production cost are some of the factors that hinder the growth of directed energy weapons market.
Some of the leading companies in directed energy weapons market are, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, The Boeing Company, L-3 Communications Holdings Inc., BAE Systems PLC., Textron Inc., Rheinmetall AG, QinetiQ Group PLC., and Moog Inc. The report provides comprehensive information like company profile, sales, revenue, market share and contact information.
Based on geography the global directed energy weapons market is segmented as North America, Europe, Asia Pacific, Latin America, Middle East and Rest of the World. North America is the largest market for directed energy weapons, followed by Europe. Government plans to renovate military units, threats from national and international elements are the factors driving the growth of directed energy weapons market in North America and Europe.
Increased defence spending from countries like U.S., France, U.K., and Germany, reassures production companies to set up units within the respective nations. Asia Pacific and Latin America are the emerging market for directed energy weapons. Increased defence spending by countries like India, China, South Korea and Brazil are the main reason for growing opportunity in directed energy weapons.
Key Topics Covered
1. Introduction
1.1. Executive Summary
1.2. Market Scope
2. Market Overview
2.1. Global Direct Energy Weapons Market: Evolution & Transition
2.2. Market Definition And Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top 5 Findings
2.5.2. Top 5 Opportunity Markets
2.5.3. Top 5 Companies
2.5.4. Top 3 Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.7.1. Investment Vs. Adoption Model
2.7.2. 360 Degree Industry Analysis
2.7.3. Porters 5 Force Model
2.7.4. See-Saw Analysis
2.7.5. Consumer Analysis And Key Buying Criteria
2.8. Competitive Analysis
2.8.1. Key Strategies And Analysis
2.8.2. Market Share & Top Company Analysis
2.9. Strategic Recommendations & Key Conclusions
2.9.1. Investment Opportunities By Regions
2.9.2. Opportunities In Emerging Applications
2.9.3. Investment Opportunity In Fastest Growing Segment
3. Market Determinants
3.1. Market Drivers & Market Impact
3.1.1. Technological Advancements
3.1.2. Growing Awareness About Safety And Security Of The Nations
3.1.3. Increasing Investments And Changing Nature Of Military Budgets
3.1.4. Increasing Demand For Non-Lethal Nuclear Weapons
3.1.5. Increasing Demand Of High Energy Laser Weapons Across The World
3.2. Market Restraints & Market Impact
3.2.1. High Cost For The Development
3.2.2. Stringent Industry Regulations
3.2.3. Insufficient Testing Facilities
3.3. Market Opportunities
3.3.1. Commercial Technology Promote The Direct Energy Weapons
3.3.2. Increasing Deployment Of Unmanned Aerial Vehicle (UAV)
3.4. Market Challenges
3.4.1. Environmental Issues
3.4.2. Component Improvement And System Integration
3.4.3. Development Of High Energy Technology Systems
4. Market Segmentation
4.1. Global Direct Energy Weapons Market By Product
4.2. Global Direct Energy Weapons Market By Technology
4.3. Global Direct Energy Weapons Market By High Energy Laser Systems
4.4. Global Direct Energy Weapons Market By Application
4.5. Global Direct Energy Weapons Market By End User
5. Competitive Landscape
5.1. Key Strategies
6. Global Direct Energy Weapons Market By Region
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4. Geographic Segmentation
7. Company Profiles
7.1. Azimuth Corporation
7.2. BAE Systems PLC
7.3. Battelle
7.4. General Atomics
7.5. General Dynamics Corporation
7.6. Kratos Defense & Security Solutions
7.7. L-3 Technologies
7.8. Lockheed Martin Corporation
7.9. MBDA
7.10. Moog Inc.
7.11. Northrop Grumman Corporation
7.12. Rafael Advanced Defense Systems Ltd.
7.13. Raytheon Company
7.14. Rheinmetall AG
7.15. The Boeing Company
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