About Global Directed Energy Weapons Market 2016-2020
A directed-energy weapon (DEW) is the future weapon system that emits highly focused energy for target destruction. The potential applications of this advanced technology include anti-personnel weapon systems, missile defense system, and the disabling of lightly armored vehicles. The use of DEW systems is much more cost-effective than the massive cost associated with a single missile launch. With fast-track innovations in the military technology, such weapons are tools for future warfare.
Technavio’s analysts forecast the global DEW market to grow at a CAGR of 29.03% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global directed energy weapons (DEW) market for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Directed Energy Weapons Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Directed Energy Weapons Market: BAE Systems, Boeing, Lockheed Martin Corp., Northrop Grumman Corp., and Raytheon Co.
Other Prominent Vendors in the market are: Finmeccanica, Israel Aerospace Industries, Saab, and Thales Group.
Commenting on the report, an analyst from Technavio’s team said: “The increase in the defense budget in most of the developing countries has resulted in an increase in R&D. There is a continuous need for the development of DEW systems and equipment in law enforcement to protect people and national security. Changing environments and emerging technologies have resulted in the defense departments of different countries to develop new and improved weapons and equipment. For example, the guns that do not overheat and require low maintenance are being developed.”
According to the report, the growing demand for non-lethal weapons is a primary driver of the market. We expect that countries such as Russia, the US, the UK, Israel, China, Japan, South Korea, India, and the UAE will increase their demand for non-lethal weapons, during the forecast period owing to the increasing extremist attacks, mob fights, and territorial disputes.
Further, the report states that amid a challenging budgetary environment, the US military sector also has to deal with reducing costs while procuring, maintaining, and enhancing and developing the DEW systems. The decrease in the defense budget prohibits the development of the equipment used by military, police, and law enforcement personnel.
BAE Systems, Boeing, Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co, Finmeccanica, Israel Aerospace Industries, Saab, Thales Group.
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