According to a new market report published by Transparency Market Research “Directed Energy Weapons Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” global directed energy weapons market was valued at USD 1.41 billion in 2013, growing at a CAGR of 20.8% from 2014 to 2020 to account for USD 5.25 billion in 2020.
Browse the Full Report at:
The directed energy weapons market is primarily driven by the increasing requirements for high precision weapons during riot control, political disputes and various urban warfare applications globally. The directed energy weapons are demanded by various governments focusing on modernizing their military forces to assimilate them with changing urban warfare tactics. Moreover, directed energy weapons offer less expensive alternatives to ballistic and cruise missile threats as compared to their expensive and conventional counterparts. These factors boost the industry to focus on the development of these weapons.
In terms of technology, the high energy lasers (HEL) segment held the highest revenue share in 2014. HEL is followed by high power microwaves (HPM) segment, which is also a observing significant growth globally. In terms of deployment, the naval based DEW systems are analyzed to witness fastest growth globally, registering a CAGR of 22% from 2014 to 2020. Furthermore, the non-lethal directed energy weapons are expected to grow at a CAGR of 22.4% over the forecast period from 2014 to 2020.
Geographically, North America is estimated to be leading the global directed energy weapons market with more than 50% market revenue share in 2013 and is expected to continue its dominance throughout the forecast period. The factors responsible for the dominance of the North America are escalating demand for riot control weapons and rising demands from land, air and naval based advanced weapons systems. The U.S. held the largest market for directed energy weapons in the world and is expected to continue its leading position throughout the forecast period. Asia Pacific is estimated to be the fastest growing region in the directed energy weapons market growing with a CAGR of 25.8% from 2014 to 2020. The report includes the market revenues of 16 major countries in the global directed energy weapons market.
Get Free Sample Report Copy :
The report provides company market share analysis of the leading industry participants. Key industry players have been profiled on the basis of company overview, financial overview, business strategies, SWOT analysis and recent developments in the field of directed energy weapons. Major market participants profiled in this report include the BAE Systems Plc, Lockheed Martin, L-3 Integrated Optical Systems, Raytheon Missile Systems, The Boeing Corporation, Moog Inc., and Rafael Advanced Systems among others.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453