Overview:

Directed energy weapons are advanced form of weapon system that includes high energy laser and high-power microwave in order to destroy enemy ships and aircrafts. These technologies provide various advantages as compared to traditional weapons.

Market Dynamics:

Changing warfare nature is resulting in high government spending on development of advanced weapons in order to strengthen its defense capabilities; this is a major factor driving growth of the global market. In addition, high investment by major players for R&D activities along with introduction of technologically advanced weapon that have high speed and flexibility which is another important factor expected to support the growth of target market.

Increasing demand for non-lethal deterrents with high precession ability from air force and navy is expected to positively impact the growth of target market. However, factors such as high cost of development and stringent government regulation are expected to hamper the growth of global market. In addition, inadequate testing facility in few countries is expected to challenge growth of the target market.

Key Trends:

Increasing R&D and weapon testing activities by the government is the key trend observed in the target market. In 2020, US Navy warship successfully tested a new high energy laser weapon that is capable to destroy aircraft mid-flight. The weapon is expected to be 150-kilowatt laser and will strengthen the Navy.

Regional Analysis:

For detailed understanding of market dynamics, the global directed energy weapons market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the major revenue share in 2018, owing to increasing government spending on development of present defense sector. In addition, huge investment by major players for R&D activities, and introduction of innovative products are among other factors expected to support the growth of target market in this region.

Scope of the Report:

Detailed Segmentation:

Global Directed Energy Weapons Market, By Technology:

• High Energy Laser
• High Power Microwave
• Particle Beam

Global Directed Energy Weapons Market, By Product Type:

• Lethal
• Non-lethal

Global Directed Energy Weapons Market, By End-User:

• Ship-based
• Land Vehicles
• Airborne
• Gun Shot

Key Players Covered:

Key players operating in the market includes, BAE Systems, Northrop Grumman, Applied Companies, Textron Inc., Raytheon, Rafael Advanced Defense Systems, Lockheed Martin, Moog, Inc. and MBDA.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Directed Energy Weapons Market by technology, product type, end-user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global directed energy weapons market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.