The leading companies in the directed energy weapon market covered in the report are Lockheed Martin (U.S.), Raytheon (U.S.), Northrop Grumman (U.S.), Boeing (U.S.), Rafael Advanced Defense Systems (Israel), MBDA (U.K.), Textron (U.S.), Moog, Inc. (U.S.),
(PRWEB) June 07, 2014
According to the market research report "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, Europe, Latin America, APAC, Middle East) - Global Forecasts and Analysis to 2013-2020", published by MarketsandMarkets, the directed energy weapon market is projected to cross $18.42 Billion by 2020, growing at a high CAGR from 2013 to 2020.
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The last few years witnessed a well-paced revolution in the Directed Energy Weapon Market. The difficulties identified in the Directed Energy Weapon Market are high development cost, large size, deflection due to dust, water vapor, and beam absorption by conductive materials. The challenges faced by this market include technological snag, fratricide, and bulkiness.
There have been huge investments in developments and demonstrations of directed energy weapons. All these developments have created demand for better and more stable technology. High Energy Laser technology is the most preferred and applicable technology used for the development of directed energy weapons.
The advantages of high energy laser weapons include effectiveness against maneuvering and fast targets, long range engagement, precise targeting, visual damage assets, graduated effect capability (lethal, non-lethal), among others. The high power microwave has advantages such as all-weather attack, area coverage of multiple targets, minimal collateral damage, low cost per shot, unlimited magazine, and others.
China is the major player in directed energy weapons. India is currently focusing on developments of such weapons. As APAC countries are facing internal and external threats as well as threats from terrorists, the region has to have strong defense inventories. These recent conflicts between countries in the APAC region are driving procurements and investments in the inventories of APAC. In the future, APAC laser weapons could be carried by three services' platforms, such as the Air Force's transport planes, fighters and the Navy's destroyers and submarines.
The directed energy weapon market in China will be the largest after a few years. China is developing anti-laser defenses because protection against them is considered far cheaper than creating competing laser weapons themselves. A recent study says that China’s system has shot a laser beam that destroyed the guidance systems and caused the projectile to fall harmlessly to the ground. The study also noted that Beijing had conducted tests of its new technology since August 1999, and said the system was similar to the laser defense system technology being developed by the U.S. Air Force.”
The Directed Energy Weapon Market is segmented into four categories that include technology, product, application, and geography. This report divides the overall market into four main geographical segments, namely, North America, Europe, APAC, the Middle East, and Latin America. North America currently contributes highest in market growth compared to the other regions. Besides this, APAC and the Middle East will show growth by 2020 with high CAGR.
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