Press release
Directed Energy Weapons Market 2019 European Trend, Growth Drivers, Opportunities and Forecast To 2027
By exhibiting a CAGR of 23.32%, the revenue generated by Europe directed energy weapon market is expected to catapult from $XX million in 2018 and will reach $XX million by the end of the forecast period of 2019-2027.
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Market Insights:
Directed energy weapons are used against the insurgency operations while assisting the troops in proactively guarding the military bases, military convoys and checkpoints. Russia, UK and German markets are dominating this region. According to the United Kingdom Ministry of Defense 2016 report, the Defense Ministry of UK has finalized an agreement with the UK Dragon-fire (which is the United Kingdom's industrial team guided by MBDA) for conducting a demonstration of laser-enabled directed energy weapon.
In Germany, the expanding military expenditure is expected to boost the development and deployment of directed energy weapons. On the other hand, the Russian defence industry is already equipped with sophisticated and highly advanced directed energy weapons which are capable of destroying or disabling complex navigation systems and electronic guidance in both unmanned and manned aircraft and precision-guided missiles. Several commercial technology opportunities for directed energy weapons are expected to propel the overall European market over the forecast period.
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Competitive Insights:
Companies like Rheinmetall AG, QinetiQ Group PLC, Lockheed Martin Corporation, Northrop Grumman Corporation, the Boeing Company, Bae Systems, Raytheon Company, Moog Inc., L-3 Brashear and Textron Inc. are competing in this market.
Related Reports:
Asia Pacific Directed Energy Weapons Market Forecast 2018-2026: http://www.marketreportsonline.com/779497.html.
North America Directed Energy Weapons Market Forecast 2018-2026: http://www.marketreportsonline.com/779499.html.
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