Directed energy weapons are systems that use directed energy primarily as a direct means to damage or destroy enemy’s equipment, personnel, missiles, vehicles, and optical devices, with minimum collateral damage.
The first five-year cumulative revenue (2018–2022) is projected to be nearly US$ 92 Bn, which is expected to increase rather moderately over the latter part of the five-year forecast period. The global directed energy weapons market is expected to be valued at around US$ 10.9 Bn in 2018, and is expected to register a CAGR of 29%.
Rising demand for directed energy weapons, owing to their ability to damage targets with minimum indemnity damage is expected to fuel growth of the global directed energy weapons market. Certain limitations of these weapons can limit adoption and could hamper growth of the global market to a certain extent
Rising investments by governments of various countries and private players in increasing number of projects, coupled with increasing R&D activities in order to design and manufacture high energy laser defense systems are among some of the other major factors expected to support growth of the target market.
Global Directed Energy Weapons Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global directed energy weapons market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global directed energy weapons market is expected to register a CAGR of 29% over the forecast period.
Global Directed Energy Weapons Market: Segmental Snapshot
The market report has been segmented on the basis of technology, deployment, weapon type, and region: The technology segment includes high energy lasers, high power microwaves, and particle beams. The deployment segment includes airborne, land-based, and naval. The regions include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By technology: The high energy laser segment accounted for the highest revenue share contribution in 2018, as compared to other technology segments, and is expected to register highest CAGR of over 28.4%
By deployment: The land base segment accounted for the highest revenue share contribution in 2018, as compared to other deployment segments. The Airborne segment is expected to register highest CAGR of over 27%
By weapon type: The non-lethal segment accounted for highest revenue share contribution in 2018, as compared to lethal segment, and is expected to register a CAGR of over 26.9%
By region: The market in North America accounted for highest revenue share in the global directed energy weapons market in 2018. The Asia Pacific market is expected to register highest CAGR of over 30%
Global Directed Energy Weapons Market: Competitive Analysis
The research report on the global directed energy weapons market includes profiles of some of the major companies such as Lockheed Martin Corporation, Northrop Grumman Corporation, The Boeing Company, Raytheon Company, BAE Systems plc, L-3 Technologies Inc., Qinetiq Group plc, General Dynamics Corporation, Rafael Advanced Defense Systems Ltd., and Kratos Defense & Security Solutions, Inc.