Global Lethal and Non-lethal Directed Energy Weapons Market — Analysis and Forecast (2015-2021)
The lethal and non-lethal directed energy weapons market is experiencing an advanced rate of growth over the few years due to increasing defense budgets and technological innovation. This high scale of growth of the arms industry is subsequently influencing the directed energy weapons market, wherein new range of programs are being carried out to develop directed energy weapons particularly high energy lasers and high power microwave. Defense prime contractors are working in support with military forces to develop effective weapon system. Changing nature of warfare in the current era and increasing demand for laser weapons are some of the major reasons driving the directed energy weapons market forward. The different types of technologies used in the directed energy weapons include: high energy laser, high power microwave and particle beam. By analysis, directed energy weapons market generated $5.81 billion in 2015, in terms of revenue. Following points provide a concrete description of the report content and the topics covered in the report:
The directed energy weapons market has gradually become one of the most essential components which constitute a country’s primary military mission. These weapons generally emit the beam of highly focused electromagnetic energy which disable or destroy targets by transferring the beam to the target. Growing defense budget in the emerging countries and the favorable law prospects has raised the opportunity for DEW. The weapon system has a huge advantage in air, naval and ground-bases because of its ability to precisely attack the target. In military application, lethal DEWs help in attacking vehicles, personnel, and facilities in the urban environment. In addition, it also is being used to counter threats from rockets, artillery and mortar.
FIGURE 1 Global lethal and non-lethal directed energy weapons market, 2015-2021
Annual reports, SEC Filings, and Press Releases of Key Players in the Market; Journals; White Papers; Paid Databases; Primary Interviews; and BIS Research Analysis
The overall demand for directed energy weapons is rapidly gaining pace in the defense industry owing to an advent in global in terrorist activities. The rise in defense expenditure, evolving nature of warfare, and technological innovations are some of the major factors contributing towards enhancing the global growth rate of lethal and non-lethal directed energy weapons market.
The directed energy weapons market is estimated to capture a market value of $5.81 billion in 2015 with laser technology segment comprising of the highest share.
FIGURE 2 Directed energy weapons market analysis
Annual reports, SEC Filings, and Press Releases of Key Players in the Market; Journals; White Papers; Paid databases; Primary Interview; and BIS Research Analysis
High energy laser system will encompass for the largest market revenue share in 2015, and expected to grow at a faster rate during the forecast period owing to its substantial investments in R&D. With the evolution in new technologies, the nature of warfare has changed significantly. DEW innovation has emerged as one of the more promising advancements that will have noteworthy effects on defense and security in the future.
North America is expected to dominate the market in the forecast period, followed by Europe, Asia Pacific, and Rest of the World (RoW). The U.S., being the largest investor in military applications, initiated a full scale development of directed energy weapons and is conducting testing and evaluation on DEWs developed by various players in the market. Similarly, Russia, the U.K., France, and Germany are some of the prominent countries in Europe that have experienced an increase in terrorist activities in the recent years. As such, they have developed a significant interest in the development of DEWs for the better military services. The Asia Pacific region is expected to witness further developments in directed energy weapons with China dominating the market in this region.
Some of the key manufacturers in the directed energy weapons market include: Boeing, Leonardo-Finmeccanica, Northrop Grumman, QinetiQ, Lockheed Martin, Thales Group, Israel Aerospace Industries, Marshall Defence and Aerospace, Rheinmetall Defense Electronics, MBDA Systems, BAE Systems, and Rafael.
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