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Global Directed Energy Weapons Market: Dominated by BAE Systems Plc, The Raytheon Company, The Boeing Company, TASER International, LRAD Corporation



As per the latest report published by Variant Market Research, Global Directed Energy Weapons Market size was valued at $7.9 billion in 2016, and expected to reach $48.5 billion by 2024; growing at a CAGR of 25.4% from 2016 to 2024. Asia-Pacific and RoW are expected to grow at a CAGR of 28.6% and 26.6%, respectively, during the forecast period.

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Global Directed Energy Weapons Market Dynamics

Global directed energy weapons market trends are requirement of precision of weapons, rise in demand of laser weapons in naval forces, and rules & legal impacts of directed energy weapons. Though, high development cost may hamper the growth of the market. Furthermore, increasing defence expenditure by various countries United States, and Australia, among others would generate growth opportunities for the market during forecast period.

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Market Segmentation

Key segments covered under the scope of directed energy weapons market are weapon type, deployment, technology, and geography. Technology segment comprises high energy laser, particle beam, and high power microwave. Weapon type segment includes lethal weapons, and non-lethal weapons. Deployment segment bifurcated into land based, airborne, and naval. Geographically, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America includes the U.S., Canada, and Mexico. Europe comprises UK, France, Italy, Russia, Germany, and Rest of Europe. Japan, China, India, and Rest of Asia-Pacific are included in the Asia-Pacific. South America, Middle East, and Africa are covered under the Rest of the World (RoW).

High energy laser held the highest market share in the technology segment
High energy laser dominated the technology segment with highest market share over the forecast period 2016 – 2024, driven by growing adoption of high energy laser technology.

Lethal weapons in the weapon type segment occupied major market share in 2016
Lethal weapons held the highest market share in 2016 and it is expected to maintain its dominance over the forecast period 2016 – 2024. The growth is attributed to increasing usage of lethal weapons by military &defence.

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Land based deployment in the deployment segment held the highest market share in 2016

Land based occupied the major market share in 2016, and it is expected to remain the highest over the forecast period 2016 – 2024, driven by rising number of land based programs.

North America accounted the highest market share over the forecast period
North America occupied the highest market share of 50.8% in 2016, and it is expected remain the highest over the forecast period, driven by technological developments and growing incidences of civil unrest in the region.

Competitive Landscape

The key players in the market are Kratos Defense & Security Solutions, Inc., Lockheed Martin, The Boeing Company, L-3 Technologies, BAE systems, Qinetiq Group PLC, Rafael Advanced Defense Systems Ltd., General Dynamics Corporation, Northrop Grumman, and Raytheon Company, among others.

Scope ofthe Global Directed Energy Weapons Market
Technology Segments
• High Energy Laser
• High Power Microwave
• Particle Beam

Weapon Type Segments
• Lethal Weapons
• Non-Lethal Weapons

Deployment Segments
• Airborne
• Land Based
• Naval

Geographical Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Russia
o France
o Italy
o Germany
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia Pacific

• RoW
o South America
o Middle East
o Africa

• Related Topics

1. Global Chemical, Biological, Radiological, and Nuclear (CBRN) Security Market is Expected to Reach $14 Billion by 2024, Says Variant Market Research

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News Release: Global Directed Energy Weapons Market: Dominated by BAE Systems Plc, The Raytheon Company, The Boeing Company, TASER International, LRAD Corporation
Submitted on: January 23, 2018 08:10:39 AM
Submitted by: dineshpatel
On behalf of: https://www.variantmarketresearch.com/
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