The global directed energy weapons market will register a high growth rate over the period from 2020 to 2027, states a new study by Report Ocean. The report is tilted “Global Directed Energy Weapons Market Size study, By Application (Homeland Security, Defense), Technology (High Energy Laser, High Power Microwave, Particle Beam), High Energy Laser System (Chemical Laser, Fiber Laser, Free Electron Laser, Solid -State Laser), and Regional Forecasts 2020-2027” and is produced by performing a deep and detailed analysis of this market, considering its past and current performance. Its future prospects have also been considered to get to the findings offered in this study.
The demand for directed energy weapons is rising substantially. Directed energy weapons are highly able to pick targets that are confidential. They work at the speed of light and can have disruptive impacts on staff, machines, and facilities. These weapons also emit a laser beam that is composed of acoustic and electromagnetic energy and atomic particles. The augmenting need for laser ammunitions, especially in the navy, has led to a rise in the demand for directed energy weapons. Apart to this, the need for accuracy has also added significantly to the growth of the market.
Though the ban on arms exports and insufficient financing have been hindering the market for quite some time now, continued technological advancements and the increase in the military spending by a number of countries are projected to create great prospects for key market participants in the near future. Going forward, the global market for energy weapons is likely to rise in the coming years due to the proliferating demand for powerful and reliable weapons. Massive investment in weapon production, together with its demonstration, is expected to support the global market over the period of the forecast.
Asia Pacific to Lead Global Directed Energy Weapons Market
The regional analysis of global directed energy weapons market is also presented in this report. According to it, the global market is spread across Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific is projected to emerge as the fastest growing region during the forecast period. China is anticipated to surface as the biggest market leader across the world. In Asia Pacific, countries are not only facing external challenges, but internal tensions are also at a rise. The increasing terrorist activities are projected to increase the demand for regionally focused energy arms over the next few years. Experts suggest that China will remain the largest domestic market for directed energy weapons in the near future due to high adoption rate of anti-laser protection technologies.
Impact of Covid 19 on Global Directed Energy Weapons Market
The global directed energy weapons market has not been directly impacted by the Coronavirus pandemic. Although the lockdown affected its supply chain mechanism, the mounting need to safeguard economies from continuing terrorist activities and geo-political tensions, supported the market to remain functional throughout.
- Asia Pacific is projected to emerge as the fastest growing region during the forecast period.
- China will remain the largest domestic market for directed energy weapons in the near future due to high adoption rate of anti-laser protection technologies.
The global directed energy weapons market is segmented into:
- Homeland Security
- High Energy Laser
- High Power Microwave
- Particle Beam
By High Energy Laser System
- Chemical Laser
- Fibre Laser
- Free Electron Laser
- Solid State Laser
- North America
- Asia Pacific
- Latin America
- Rest of the World
Companies Mentioned in the Report
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Raytheon Company
- Boeing Company
- BAE Systems Plc.
- Textron Inc.
- Rheinmetall AG
- L-3 Communications Holdings Inc.
- Moog Inc.
- Quinetiq Group Plc.
Company Name: Report Ocean
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