Directed Energy Weapons Market ”BAE Systems and L-3 Communications” are Leading players
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The growing need of laser especially in navy, regulations and legal impacts of DEWs have resulted in the growth of the directed energy weapons market. Moreover, need for precision have also added to the popularity of the market. However, arms transfer policy and insufficient funding has restricted the market growth to a greater extent. On the other hand, rise in defense spending by many countries as well as technological advancements are anticipated to offer greater opportunities for key market players.
The growth is also attributed to the stiff competition amongst the prominent market players leading to swift technological advances in the BCI systems. Players such as Emotiv, Inc., Advanced Brain Monitoring Inc. and Nihon Kohden Corporation are adopting a consistent development process of innovative products to penetrate the market and further enhance the overall revenues.
The directed energy weapons market can be segmented based on application, technology, high energy laser system, product, end-user and geography. The application covered in the market research report consists of homeland security and defense. Based on technology the directed energy weapons market includes high energy laser, high power microwave and particle beam.
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