The Global Directed Energy Weapons Market to Reap $54666 Million by 2027

According to a Triton Market Research report, the global directed energy weapons market, which generated $9235 million in 2018, is expected to grow at a CAGR of 22.15% by the year 2027.

A study by Triton Market Research with the title ‘Global Directed Energy Weapons Market,’ covers the Global Analysis and Forecast for 2019-2027 by Product (Non-lethal, Lethal), by Technology (High Energy Laser [Fiber Laser, Solid-State Laser, Chemical Laser, Free Electron Laser], Particle Beam, High Power Microwave), by Application (Defense, Homeland Security), by End-user (Airborne, Gun, Water-based, Terrestrial Value) and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Directed energy weapons are systems that can emit highly focused energy and transfer it on a target to destroy it. It finds significant applications in the defense system and homeland security, including the protection of infrastructures like airport, telecommunication and manufacturing facilities.

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According to the report, the global directed energy weapons market is anticipated to reach $54666 million by 2027, growing at a CAGR of 22.15% over the forecasted period from 2019 to 2027. The growing demand for laser systems by the navy, the increasing incidence of terrorism, rising adoption of non-lethal weapons and the highly precise nature of technology are the primary factors driving the growth of the directed energy weapons market. However, insufficient testing facilities, strict regulations regarding arms transfer & trade and the huge cost of production & manufacturing are restraining the global market growth.

Based on the product, the directed energy weapons market is divided into non-lethal and lethal. Whereas considering the technology, it is divided into high energy laser, particle beam and high power. Within the high energy laser segment, the market is further sub-segmented into fiber, solid-state laser, chemical laser and free-electron laser. While according to the application, the market is segmented into defense and homeland security.

According to the regional landscape, Asia-Pacific is expected to be the fastest-growing region for the directed energy weapons market during the forthcoming years. The increasing defense expenditure, rising prevalence of terrorism & social unrest in countries like India, China, Australia and Japan are the major drivers of this regional growth.

On the other hand, North America is anticipated to be the largest directed energy weapons market with the highest revenue over the estimated period. Favorable government rules, high budget allocation on the military sector, recent cases of violent riots and the increasing awareness about non-lethal weapons are aiding the growth of directed energy weapons market in the region.

Applied Companies, BAE Systems, Moog Inc, Northrop Grumman Corporation, QinetiQ, L3Harris Technologies Inc, MBDA, Rheinmetall AG, Textron Inc and Boeing are some of the companies engaged in the directed energy weapons market.

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Question & Answer: Directed Energy Weapons Market

Question 1: What are the primary drivers of the directed energy weapons market?
Answer: The growing demand for laser systems by the navy, the increasing incidence of terrorism, rising adoption of non-lethal weapons and the highly precise nature of technology are the primary factors driving the growth of the directed energy weapons market.

Question 2: Which factors are impeding the growth of the directed energy weapons market?
Answer: Insufficient testing facilities, strict regulations regarding arms transfer & trade and the huge cost of production & manufacturing are restraining the global market growth.

Question 3: In which way are the Asia-Pacific and North America influencing the directed energy weapons market outlook?
Answer: According to the regional landscape, Asia-Pacific is expected to be the fastest-growing region for the directed energy weapons market during the forthcoming years. The increasing defense expenditure, rising prevalence of terrorism & social unrest in countries like India, China, Australia and Japan are the major drivers of this regional growth. On the other hand, North America is anticipated to be the largest directed energy weapons market with the highest revenue over the estimated period. Favorable government rules, high budget allocation on the military sector, recent cases of violent riots and the increasing awareness about non-lethal weapons are aiding the growth of directed energy weapons market in the region.

Question 4: Which corporations are mentioned in the competitive landscape of the report on the directed energy weapons market?
Answer: Applied Companies, BAE Systems, Moog Inc, Northrop Grumman Corporation, QinetiQ, L3Harris Technologies Inc, MBDA, Rheinmetall AG, Textron Inc and Boeing are some of the companies engaged in the directed energy weapons market.

Related Report:
Global Biometrics Market

The global biometrics market is anticipated to reach a revenue growth of $73446.54 million by 2027, with a CAGR of 19.87% over the estimated period 2019-2027.

The increasing safety & security concerns of individuals and organizations due to the rising threats throughout the world is a major driver for the growth of the global biometrics market. The immense proliferation of devices like smartphones & tablets and the growing identity threats are set to augment the market growth.

Moreover, the booming e-commerce sector is generating huge opportunities for the market. There is a need for a strong security mechanism to protect the privacy, thereby increasing the application of biometrics. In addition, the advent of e-passport that contains a chip with all the details of the holder, has opened a new horizon to the biometrics market.

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