Surging Awareness of Non-Lethal Weapons Augments the Global Directed Energy Weapons Market Growth
According to a new market research report
published by Inkwood Research, the Global Directed Energy Weapons Market is anticipated
to register a CAGR of 23.26% during the forecasting years of 2020-2028.
“Browse 53 Market Data Tables and 52 Figures
spread over 172 Pages, along with an in-depth TOC on the Global Directed Energy
Weapons Market Forecast 2020-2028.”
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Directed Energy Weapons (DEWs) is an
umbrella term for all the technologies that produce highly concentrated
electromagnetic particles or energy. Technological advancements are an
inevitable aspect of war. The directed energy weapon system emits focused
energy and can transfer it to a target that can be damaged and destroyed. The
directed energy weapon system finds its applications in homeland security and
defense system. It is also utilized in ground-based air defense against aerial
targets and in short-range, medium-range, and long-range missions.
Growing
Awareness of Non-Lethal Weapons - Prominent Driver of the Market
One of the main drivers of the global
directed energy weapons market growth is the growing awareness regarding the
benefits of non-lethal weapons across the globe. Such weapons are designed for
incapacitating the targeted person or material while reducing the fatality or
injury. The demand for non-lethal weapons is driven by the increasing budgetary
expenses in the defense sector, investment from government organizations,
research development activities, and increasing incidents of civil unrest. The
non-lethal weapons are used for controlling crowd activities and riot
situations. The primary forms of energies used are microwaves and lasers. The
latest in the DEW is the Active Denial System (ADS), also called pain ray or
pain beam.
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High Energy
Laser – The Dominating and Fastest-Growing Category in the Technology Segment
The high energy laser aids in disrupting
the vision and are used on any target, material, place, or individual. The high
energy laser technology system involves the speed of light engagement of varied
targets with reduced range, incurring comparatively low expenses. The key
factors driving the growth of the high energy laser systems is the ongoing
research and development activities. In 2017, the US Air Force Research
Laboratory’s Directed Energy Directorate issued sources sought notice for the
High Energy Combinable Fiber Laser Advanced Research Effort (FLARE) project.
The surging demand from the defense sector further propels the demand and
growth of the high energy laser technology during the forecasted years.
North
America Dominates with Largest Revenue Share
The North American market region is
evaluated to dominate the global market during the forecast period. The
countries analyzed in the market region are the US and Canada. The factors
attributed to the revenue share are the large presence of concentrated
manufacturers, awareness regarding non-lethal weapons, favorable government
policies and regulations, technological advancements in the products, and
research & development expenditure. The region allocates high budgets for
military expenditure and research and development activities with regard to
innovation in the non-lethal segment. The majority of key players headquartered
in the region generate their revenue from the European market region.
The companies registering their presence in
the market are Northrop Grumman, Raytheon Company, BAE Systems, Boeing,
Lockheed Martin, etc. The intensity of rivalry is estimated to shift from
moderate to high during the forecast period. The market is assessed to be
highly competitive, further supplemented by the presence of international
players in the market.
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studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises of North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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