Dallas, Texas (PRWEB) August 23, 2014
An increase in R&D is one of the major trends emerging in this market. Increasing demand for advanced military weapons is driving research and development activities in the market.
Analysts forecast the Global Directed Energy Weapons market to grow at a CAGR of 23.16 percent over the period 2013-2018. According to the “Global Directed Energy Weapons Market 2014-2018” report, increase in defense budgets is one of the major drivers in this market. Countries such as China, India, Saudi Arabia, and Russia are expected to increase their defense budgets during the forecast period of 2013-2018.
Weapons that emit high energy and damage a target with minimum collateral damage are called directed energy weapons. This energy can have different categories such as electromagnetic waves (masers, lasers, radio frequency, and microwave), sound in supersonic form, and particles with mass.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Directed Energy Weapons market for the period 2014-2018. To calculate the market size, the report considers the annual revenue generated from sales of directed energy weapons to defense and homeland security.
The report recognizes the following companies as the key players in the Global Directed Energy Weapons Market: BAE Systems Plc, The Boeing Co., Raytheon Co. and Textron Inc.
Other Prominent Vendors in the market are: Lockheed Martinm, MBDA, Moog, Northrop Grumman and Rafael Advanced Defense Systems.
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Further, the report states that rapid technological advances in the market inhibit market growth as vendors need to invest in upgrading products, resulting in a decline in their profit margins.
The increasing use of satellite imagery in the Military sector is one major trend emerging in this market. Satellite imagery is available in different models such as 3D terrain models, stereo imagery, multi and hyper spectral models, and digital surface models.
Analysts forecast the GIS market in the Military sector to grow at a CAGR of 10.91 percent over the period 2013-2018. According to the “Global GIS Market in the Military Sector 2014-2018” report, the need to enhance national security is one of the major drivers in the Global GIS market in the Military sector. GIS technology enables governments to conduct better analyses of intelligence and adapt their assessment and approach to the various risks and threats posed to national security.
Covered in this Report
This report covers the present scenario and the growth prospects of the GIS market in the Military sector for the period 2014-2018. The GIS market in the Military sector can be segmented into three: software, data, and services.
The GIS Market in the Military Sector 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the landscape of the GIS market in the Military sector and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in the Global GIS Market in the Military Sector: Esri Inc., Hexagon AB, MacDonald, Dettwiler and Associates Ltd. and Pitney Bowes Inc.
Other Prominent Vendors in the market are: China Information Technology, Digital Globe, GoogleMap, Hitachi Zosen, MacDonald, Dettwiler and Associates, PASCO, Pitney Bowes, Rolta India, SuperMap Software and Ubisense Group.
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Key Market Driver
Key Market Trend
Further, the report states that decision making issues while using GIS in the Military sector are a major challenge in the market. The design of the DGI and the map system which was previously used by the sector must be identical and a mismatch could affect the working of the sector.
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