DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Directed Energy Weapons (DEW) Market by Technology, HEL System, Product, End User, Application, and Region - Global Forecast to 2021" report to their offering.
The directed energy weapons market is expected to grow from USD 6.87 billion in 2016 to USD 24.45 billion by 2021, at a CAGR of 28.90% from 2016 to 2021.
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 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).
- BAE Systems PLC.
- Boeing Company
- L-3 Communications Holdings, Inc.
- Lockheed Martin Corporation
- Moog Inc.
- Northrop Grumman Corporation
- Quinetiq Group PLC.
- Raytheon Company
- Rheinmetall AG
- Textron Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Directed Energy Weapons Market, By Technology
8 Directed Energy Weapons Market, By High Energy Laser Systems
9 Directed Energy Weapons Market, By Product
10 Directed Energy Weapons Market, By Application
11 Directed Energy Weapons Market, By End User
12 Regional Analysis
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/qc3m3p/directed_energy