Directed energy weapons (DEW) has no effect by the gravity, wind, and other factors therefore it can target hostile equipment with sharp accuracy. DEW is capable to engage multiple targets with high accuracy in different directions. When energy is emitted from DEW it does not make sound, operator can silently use weapons without exposing his position to enemy.
Rising demand for directed energy weapons from defense sector is factor expected to drive growth of the global directed energy weapons market over the forecast period. This can be attributed to wining probability of directed energy weapons coupled with minimum risks owing to their beam producing capability which is not influenced by environment and gravity factor.
However, increasing development cost of directed energy weapons coupled with technological difficulties associated with development is major factor expected to hamper growth of the target market.
The global directed energy weapons market has been segmented on basis of technology, deployment, weapon type, and region. On the basis of technology, the target market is segmented into high energy lasers, high power microwaves, and particle beams. On the basis of deployment global directed energy weapons market is segmented into airborne, land based, and naval. Land based deployment segment dominates the global market in terms of revenue and is expected to maintain its dominance over the forecast period, owing to growing number of land based programs under development. These include the Active Denial System, WB-1 Microwave directed energy weapons, and iron beam. On the basis of weapon type market is segmented into lethal and non-lethal.
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Based upon region global directed energy weapons market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East Africa. The market in North America is estimated to be highest share in terms of revenue, owing to huge demand of directed energy weapons from defense sector coupled with high weapon investments, in the region. The markets in Asia Pacific and Europe are expected to register significant growth in terms of revenue over the forecast period owing to rising external threats as well as internal conflicts such as terrorist threats in the region.
Key players operating in the global Directed energy weapons market include Lockheed Martin Corporation, Northrop Grumman Corporation, The Boeing Company, Raytheon Company, BAE systems plc, L-3 Technologies Inc., Qinetiq Group plc, General Dynamics Corporation, Rafael Advanced Defense Systems Ltd., and Kratos Defense & Security Solutions, Inc.