WiseGuyReports.Com Publish a New Market Research Report On –" Directed Energy Weapons (DEW) Market Future Growth Analysis and Forecasts 2025".
The global directed energy weapons industry hit a significant milestone in the year 2016 and was estimated to have a total valuation of $6.87 billion. The industry since then has registered a compound annual growth rate of 28.90% from the year 2016 to 2021. By the year 2021, the industry is expected to be around $24.45 billion. The phenomenal market opportunity has attracted major companies all across the globe. These companies have been investing billions in the production and growth of the technology.
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Adsys Controls Airbus Defence, Space Almaz-Antey BAE Systems PLC Boeing Diehl Defence General Atomics Israel Aerospace Industries L3 Technologies Lockheed Martin Leonardo MBDA Northrop Grumman Corporation Orbital ATK Rafael Advanced Defense Systems Raytheon Rheinmetall AG Saab Textron Defense Systems Thales
When it comes to the Directed Energy Weapons (DEW), there is a string of factors that affect the growth opportunities of the industry. The looming tension among countries all across the globe, coupled with the arms race between the countries, has given a significant boost to the weapon. On the other hand, unique characteristics of the missile have drawn major attention from the scientists and companies alike, who have been working on the same to replicate the success story.
The missile can target a distant land quite accurately and cause havoc within no time. On the other hand, the missile produces beams of rays that includes atomic particles and hence cause atomic radiations in the area. Similarly, the precise targeting capabilities, lesser impact of gravitational, and electromagnetic pull coupled with the disruptive effects have helped the industry grow by leap and bound in recent years. The analysts remain positive about the growth opportunities of the industry, and the industry is expected to flourish further in the next few years.
The global Directed Energy Weapons (DEW) market can be segmented based on several factors, with each element playing a crucial role in the growth and development of the industry. Some of the leading factors based on which the industry can be segmented into are the application, the technology, high energy laser system, product, and end-user. Based on the application, the industry is segmented into homeland security and defense. On the other hand, based on technology, the industry is segmented into high energy laser, high power microwave, and particle beam. Based on the high energy laser system, the Directed Energy Weapons (DEW) industry is segmented into fiber laser, free-electron laser, solid-state laser, and chemical laser. While based on the product, the industry is segmented into lethal and non-lethal categories.
The Directed Energy Weapons (DEW) industry sees North America holding the lion share, followed by Europe in the second position. The Asia Pacific region shows some promising signs of growth with India and China leading the arms race in the area. The fight for supremacy has driven the race, while internal conflicts like the terrorists have forced countries to adopt stringent measures. China is expected to lead the race, followed by the defense organization of India, which has been putting much effort into the industry.
In the latest development, the United States has decided to design and develop anti-drone directed energy weapons that include lasers. The step comes in the event of a significant incident in the Middle East oil field that was attacked by the help of drones. The Air Force Research Laboratory (AFRL) will be managing the program.
Table of Contents – Major Key Points
2 Executive Summary
3 Current Technologies, Markets
4 Drivers and Inhibitors
5 Global Directed Energy Weapons Market Forecasts by Region
6 Global Directed Energy Weapons Market Forecasts by Technology
7 Global Directed Energy Weapons Market Forecasts by End-Use
8 Global Directed Energy Weapons Market PEST Analysis
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