Directed Energy Weapon Market Research Report 2019 published By Market Research Future, provides information on Global Directed Energy Weapon Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Platform (Airborne, Ground-based, and Naval), by Type (Lethal Weapons, and Non-Lethal Weapons), Applications (Military and Homeland Security), and by Region – Global Forecast Till 2023.
Global Directed Energy Weapon Market – Overview
According to a recent study report published by Market Research Future, the global market for Directed Energy Weapon market will grow at a rapid pace over the forecast period. The market is expected to witness slow but steady growth until 2023, which will be a growing fast at a moderate CAGR during the forecast period (2017 -2023).
The high demand for directed energy weapon market is due to the growing need for high quality, integrated, precise and cost-effective energy weapons by defense forces, thus increasing the participation of manufacturers. Rapid technology advancement, along with the increased focus of OEMs on strengthening aircraft capabilities, is expected to result in an increase in aircraft expenses and add to the growth of the market. However, high development cost of the weapons and susceptibility to degradation by external environments act as a barrier to the growth of directed energy weapon market.
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Directed energy weapon is the weapon that emits highly focused energy, consists of laser, microwave, and particle beams, to damage the target. Several applications such as anti-personnel weapon systems, and missile defense systems, have used the weapons for defense purpose such as chemical, biological, radiological and nuclear emergencies. This has consequently resulted in increased R&D expenditure for the development of directed energy weapons.
Moreover, factors responsible for the growth of directed energy weapon market are high demand for lethal weapons and laser weapons, and increasing spending on defense expenses. This is the primary factor that drives the growth of the global directed energy weapon market and has gained prevalence in the recent times, with the usage of best in class technologies in the aircraft sectors. Thus, the growth of the directed energy weapon market is expected to go hand in hand with the growth of investment in the military sector.
- Lockheed Martin Corporation (U.S)
- Raytheon Company (U.S)
- Northrop Grumman Corporation (U.S)
- Boeing Company (U.S)
- BAE Systems PLC (U.K)
- Textron Inc. (U.S.)
- Rheinmetall AG (Germany)
- L-3 Communications Holdings Inc. (U.S.)
- Moog Inc. (U.S.)
- Quinetiq Group PLC. (U.S.)
These are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Directed Energy Weapon Market.
Industry/ Innovation/ Related News:
March, 2018 – Lockheed Martin signed a contract with U.S. Navy for development, manufacture and delivery of two high power laser weapon systems, including intelligence, surveillance and reconnaissance (ISR) and counter-unmanned aerial system capabilities.
November, 2016 – Northrop Grumman Corporation signed a contract with U.S. Air Force to used the directed energy systems for self-protection on aircraft developed by Air Force Research Laboratory.
April, 2016 – Rheinmetall signed a contract with Bundeswehr to equip with new laser duel simulators for staging combat training exercises.
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Global Directed Energy Weapon Market – Segmentation
The global directed energy weapon market is segmented into 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Platform : Comprises Airborne, Ground-based, and Naval
Segmentation by Type : Comprises Lethal Weapons and Non-Lethal Weapons
Segmentation by Applications : Comprises Military and Homeland Security
Segmentation by Regions : Comprises Geographical regions – North America, Europe, Asia-Pacific, Middle East & Africa and South America.
Global Directed Energy Weapon Market: Regional Analysis
North American region is dominating the market of the global directed energy weapon market due to technology advancements in warfare platforms and increasing defense budgets.
Europe is referred to as the second-largest directed energy weapon market due to factors such rise in the military spending in countries such as Ukraine, Saudi Arabia and Algeria have fuelled the demand for global directed energy weapon market.
Scope of Report
The report for Global Directed Energy Weapon Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macroeconomic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Threat of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power of Buyers
3.2 Value Chain/supply Chain Analysis
List of Tables
Table 1 Global Market: by Region, 2017-2023
Table 2 North America Market: by Country, 2017-2023
Table 3 Europe Market: by Country, 2017-2023
Table 4 Asia Pacific Market: by Country, 2017-2023
Table 5 Middle East & Africa Market: by Country, 2017-2023
Table 6 South America Market: by Country, 2017-2023
Table 7 Global Market, by Platform, by Regions, 2017-2023
Table 8 North America Market, by Platform, by Country, 2017-2023
Table 9 Europe Market, by Platform, by Country, 2017-2023
Table 10 Asia Pacific Market by Platform, by Country, 2017-2023
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