Directed Energy Weapons Market is expected to be worth US$5.25 billion in 2020: Transparency Market Research
According to a research report released by Transparency Market Research,
titled “Directed Energy Weapons Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2014 – 2020”, the global
directed energy weapons market is expected to reach US$5.25 billion
by 2020. The market’s worth in 2013 was US$1.41 billion and is expected
to expand at a CAGR of 20.8% from 2014 to 2020.
The report states that an increasing demand for high precision and
non-lethal weapons is the key driver for the global directed energy
weapons market. The weapons are finding increasing use in urban warfare
scenarios such as political disputes and riot control measures.
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Another advantage that directed energy weapons provide over conventional
weapons is their cost-efficiency in terms of ammunition used, especially
in the case of negating threats such as cruise missiles and other
ballistics. The consequent profits reportedly go directly into making
more efficient products in the global directed energy weapons market.
According to the report, the largest share of the market revenue in
2014’s global directed energy weapons market was contributed by high
energy lasers (HELs). The segment was followed by high power microwaves
Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/directed-energy-weapons-market.htm
In the deployment criterion of the global directed energy weapons
market, the report deduces naval-based directed energy weapons to
register the fastest CAGR of 22% in the global market, from 2014 to 2020.
In terms of weaponry, the non-lethal weapons segment is registering the
fastest. It is developing at a CAGR of 22.4% within the report’s
Browse Article: http://www.transparencymarketresearch.com/article/directed-energy-weapons-market.htm
The report’s geographical segmentation reveals North America to be the
dominant region in the global directed energy weapons market. It held
over 50% of the market in 2013, a growth attributed to high demand for
riot control weapons.
Transparency Market Research (TMR) is a market intelligence company
driven by high-pedigree consultants and researchers. TMR leverages its
Syndicated Research, Custom Research, and Market Consulting expertise to
help businesses make accurate decisions. TMR’s exclusive blend of
quantitative forecasting and trends analysis draws on proprietary data
sources and techniques, while their data repository is continuously
updated to reflect the latest trends.
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Copyright Business Wire 2015
Source: Business Wire
(October 6, 2015 - 9:19 AM EDT)
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