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 (HPMs).

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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 forecast period.

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.

About TMR

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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