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Directed Energy Weapon Market research report with Top Key Players Lockheed Martin Corporation, Raytheon Company, Northrop Grumman Corporation, Boeing Company-2027

01-10-2022 11:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: market research future.

Global Directed Energy Weapon Market – Overview

According to a recent study report published by Market Research Future, the global market for Directed Energy Weapon market will grow at a rapid pace over the forecast period. The market is expected to witness slow but steady growth until 2023, which will be a growing fast at a moderate CAGR during the forecast period (2017 -2023).

The high demand for directed energy weapon market is due to the growing need for high quality, integrated, precise and cost-effective energy weapons by defense forces, thus increasing the participation of manufacturers. Rapid technology advancement, along with the increased focus of OEMs on strengthening aircraft capabilities, is expected to result in an increase in aircraft expenses and add to the growth of the market. However, high development cost of the weapons and susceptibility to degradation by external environments act as a barrier to the growth of directed energy weapon market.

Free Sample Report @ https://www.marketresearchfuture.com/sample_request/3203

Directed energy weapon is the weapon that emits highly focused energy, consists of laser, microwave, and particle beams, to damage the target. Several applications such as anti-personnel weapon systems, and missile defense systems, have used the weapons for defense purpose such as chemical, biological, radiological and nuclear emergencies. This has consequently resulted in increased R&D expenditure for the development of directed energy weapons.

Moreover, factors responsible for the growth of directed energy weapon market are high demand for lethal weapons and laser weapons, and increasing spending on defense expenses. This is the primary factor that drives the growth of the global directed energy weapon market and has gained prevalence in the recent times, with the usage of best in class technologies in the aircraft sectors. Thus, the growth of the directed energy weapon market is expected to go hand in hand with the growth of investment in the military sector.

Industry/ Innovation/ Related News:

March, 2018 – Lockheed Martin signed a contract with U.S. Navy for development, manufacture and delivery of two high power laser weapon systems, including intelligence, surveillance and reconnaissance (ISR) and counter-unmanned aerial system capabilities.

November, 2016 – Northrop Grumman Corporation signed a contract with U.S. Air Force to used the directed energy systems for self-protection on aircraft developed by Air Force Research Laboratory.

April, 2016 – Rheinmetall signed a contract with Bundeswehr to equip with new laser duel simulators for staging combat training exercises.

Global Directed Energy Weapon Market – Segmentation

The global directed energy weapon market is segmented into 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Platform : Comprises Airborne, Ground-based, and Naval

Segmentation by Type : Comprises Lethal Weapons and Non-Lethal Weapons

Segmentation by Applications : Comprises Military and Homeland Security

Segmentation by Regions : Comprises Geographical regions - North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Global Directed Energy Weapon Market: Regional Analysis

North American region is dominating the market of the global directed energy weapon market due to technology advancements in warfare platforms and increasing defense budgets.

Europe is referred to as the second-largest directed energy weapon market due to factors such rise in the military spending in countries such as Ukraine, Saudi Arabia and Algeria have fuelled the demand for global directed energy weapon market.

Access Report Details @ https://www.marketresearchfuture.com/reports/directed-energy-weapon-market-3203

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

Our fast growing industry research firm is backed by a proficient team of research analysts that offers valuable analytics and data with respect to technological and economical advancements. Our deemed analysts perform industrial visits and procure the relevant information from prominent market players. Our key objective is to keep our clients abridged of the potential opportunities and challenges in different markets. We provide step-by-step assistance to our respected clients, via strategic and consulting services to reach a managerial and actionable decision.

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