28%+ CAGR - Directed Energy Weapons Market Growth Potentially Worth 24.45 Billion USD by 2021 Dominated by North America
PUNE, India, Oct. 21, 2016/PRNewswire-iReach/ The key products considered in the directed energy weapons market are lethal and non-lethal weapons. The lethal segment witness higher growth during the forecast period. The lethal segment is expected to witness higher growth, owing to increased investments for the development of lethal weapons to enhance the efficiency and effectiveness of military operations, globally. Complete report on "Directed Energy Weapons Market" spread across 215 pages, profiling 10 companies and supported with 140 tables and 92 figures is now available at http://www.rnrmarketresearch.com/directed-energy-weapon-market-forecast-and-analysis-by-technology-hel-hpm-particle-beam-product-lethal-non-lethal-application-defense-homeland-security-by-geography-north-america-europ-market-report.html.
The growth of the market is expected to be driven by several factors, such as increasing demand of laser weapons in naval forces, change in nature of warfare from conventional to urban warfare, and increasing demand for non-lethal deterrents, among others. However, high cost of development of directed energy weapons and susceptibility to degradation by environment may restrain the growth of the market in the coming years.
North America dominates; Asia-Pacific to witness highest growth in the directed energy weapons market. North America dominated the directed energy weapons market in 2015. The U.S. is the largest developer and exporter of directed energy weapons, globally, which has resulted in North America contributing the largest share to the directed energy weapons market.
The market in Asia-Pacific is projected to witness highest growth during the forecast period. This rapid growth of the directed energy weapons market in the region can be attributed to the fact that several countries in Asia-Pacific, including China, India, Japan, and South Korea have initiated programs for the development of directed energy weapons. With the rapid advancements and adoption of technologies in the region, the directed energy weapons market in the Asia-Pacific is projected to grow significantly during the forecast period (2016 to 2021).
"Break-up of profile of primary participants for the directed energy weapons market"
- By Company Type: Tier 1 45 %, Tier 2 35% and Tier 3 20%
- By Designation: C Level 50%, Director Level 35%, Others 15%
- By Region: North America - 44%, Europe 35%, APAC 15%, RoW 6%
This research study is obliging for following audience:
- Departments of Defense (DoDs)
- Directed Energy Weapon Manufacturers
- Sub-component Manufacturers
- Homeland Security Agencies
- Laser Component Manufactures
- Defense Science Board
- The National Defense Research Institute (NDRI)
- Defense Research and Development Organization (DRDO)
The ecosystem of the directed energy weapons market comprises manufacturers, distributors, and end users. The key end users of the directed energy weapons market are defense sector and homeland security. Key designers and manufacturers of directed energy weapons includes companies, such as Lockheed Martin (U.S.), The Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), The Boeing Company (U.S.), L-3 Communications Ltd (U.S.), and BAE Systems (U.K.). Make an Inquiry on "Directed Energy Weapons Market by Technology (High Energy Laser, High-Power Microwave, Particle Beam), HEL System (Solid State Laser, Chemical Laser, Free Electron Laser, Fiber Laser), Product, End User, Application, and Region - Global Forecast to 2021" research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=159972 .