The need for enhanced border security due to increasing land disputes, migration, and smuggling, has compelled several countries to further strengthen their security. This has led to the increase demand in the development of advanced directed energy weapon systems to provide enhanced situational awareness to the soldiers so as to have a competitive edge over the opponents. With recent developments in the field of optics, laser and microwave technology, directed energy weapon systems are becoming available at a reliable cost.
Along with the rising military programs, increase in the military spending is attributed to the growing interest in development and deployment activities of directed energy weapon systems. Increase in the military budgets gave a much-needed boost to the development programs of directed energy weapon systems and upgradation programs of different platforms for integration with these advanced weapons. In a global military budget, the U.S. has dominated over other countries for over a decade, with a military budget of $718 billion for FY2020. Moreover, U.S. Department of Defense (DoD) has requested $235 million for implementation of directed energy for base defense, testing and procurement of multiple types of lasers and R&D for scalable high-power density applications.
The global directed energy weapon systems market is expected to witness a significant growth during the forecast period 2020-2030 owing to the integration programs of directed energy weapon systems on different platforms like ground defense systems (main battle tank, infantry fighting vehicles, and multi-purpose armored vehicles), airborne (unmanned aerial vehicles and combat aircraft) and ship-based platforms. Additionally, adoption of cutting-edge technologies such as electromagnetic beam, fiber laser, solid state laser, robotics, artificial intelligence and Internet of Battle Things (IoBT), among others are changing the landscape of warfare. A rise in the number of drone attacks has raised the need for an advanced weapon with the attributes of high speed, precision, and low operation cost.
The global directed energy weapon systems market is in research and development phase with the leading players actively competing against each other in developing prototypes for defense forces to gain a greater share in the industry in the future. The competitive landscape of the directed energy weapon systems industry exhibits an inclination toward emerging strategies and developments by market players.
The key players that are actively participating in the directed energy weapon systems market include BAE Systems (U.K.), QinetiQ (U.K.), Elbit Systems Ltd. (Israel), Northrop Grumman Corporation (U.S.), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Rheinmetall AG, and Thales Group (France), among others.
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The prominent players in the directed energy weapon systems market adopted strategies of product launches, mergers and acquisitions, partnerships and collaborations, contracts, and other strategies to expand their business. The companies are also involved in some of the other developments that include demonstration, integration, and business expansion. Due to the intensive competition, the directed energy weapon systems industry requires manufacturers to constantly innovate and develop cost-effective products. The existing companies as well as new entrants, which aim to develop next-generation solutions in adherence with the existing and forthcoming industry standards for various end user applications. The market is likely to grow rapidly with the innovations in the fields of optics, laser, power solutions, and electromagnetic energy which offer longer endurance and higher efficiency.
Over the last decade, the defense industry has been witnessing a massive transformation owing to the increasing development of technologies such as directed energy weapons (DEWs), artificial intelligence (AI), Internet of Things (IoT), and machine learning (ML).
The increased need for efficiency, precision, speed, and low-cost engagement have shifted the focus of enterprises from conventional defense system to a modernized directed energy weapon systems such as laser, microwave, and neutral particle beam.
The market of directed energy weapon systems is expected to evolve significantly in developed regions such as North America and Europe and is gaining popularity in geographies such as the Asia-Pacific and Middle East and Africa (MEA).
Key advantages of directed energy weapon systems are their high speed, precision, flexibility, and low operation cost.The need for enhanced border security due to increasing land disputes, migration, and smuggling, has compelled several countries to further strengthen their security.
This has led to the increase demand in the development of advanced directed energy weapon systems to provide enhanced situational awareness to the soldiers so as to have a competitive edge over the opponents.
With recent developments in the field of optics, laser and microwave technology, directed energy weapon systems are becoming available at a reliable cost.The major driving force behind the growth of the directed energy weapon systems market is largely attributed to the increase in the number of defense programs related to directed energy weapon systems and associated investments.
Market Research Future added New Report Named "Global Directed Energy Weapon Market Research Report- Forecast 2021" to its Database.Global Directed Energy Weapon Market Research Report Information by Platform (Airborne, Ground-based, and Naval), by Type (Lethal Weapons, and Non-Lethal Weapons), Applications (Military and Homeland Security), and by Region – Global Forecast Till 2023.
Market ScenarioDirected energy weapon emits highly focused energy, and consists of laser, microwave, and particle beams to destroy the target.
The rise in popularity of high quality, integrated, precise, and cost-effective energy weapons by the defense forces is expected to drive the market during the forecast period.
However, there are some shortcomings in operating performance of the directed energy weapon market, such as high development cost of the weapons and susceptibility to degradation by external environment.Get Sample Report @ https://www.marketresearchfuture.com/sample_request/3203 Directed energy weapons offer a variety of advantages, such as precision, low cost per shot, and scalable effects that will be helpful across the entire spectrum of combat operations over conventional kinetic weapons.
The factors responsible for the growth of directed energy weapon market are the high demand for lethal weapons, increased investment in defense, and increasing demand for laser weapons across the world.
The high research and development investment, particularly in lethal weapons, is one of the key factors expected to propel the growth of the directed energy weapons market.
COVID-19 Impact Analysis on Directed Energy Weapons Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2019-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Directed Energy Weapons include BAE Systems, Lockheed Martin, L-3 Communications Ltd, Rafael Advanced Defense Systems, Quintiq Group PLC, Northrop Grumman, Applied Companies, MBDA, Raytheon, Rheinmetall AG, Textron, and Moog, Inc..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Directed Energy Weapons Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/directed-energy-weapons-market/download-sampleMarket SegmentationThe broad Directed Energy Weapons has been sub-grouped into the Technology, Product, End-User and Region.
The report studies these subsets with respect to the geographical segmentation.
