December 12, 2018 - 10:27 AM EST
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Global Directed Energy Weapons Market Technologies, Share and Forecast to 2024 - ResearchAndMarkets.com

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The "Global Directed Energy Weapons Market- Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

According to analysis, the directed energy weapons system is estimated to grow CAGR of 23.96% and reach $24.31 billion during 2017-2024.

The market driver for directed energy weapons are, growing demand for laser weapons systems in Navy, worldwide growth for non-lethal deterrents, changing nature of warfare from conventional to urban areas, legal implications and policy for directed energy weapons, precision target reach requirement. Commercializing the technology (outsourcing) will create huge opportunity for directed weapons system to grow.

The foremost challenge for directed energy weapons system is the component improvement and system integration, susceptibility to degradation due to atmosphere, and technical challenges towards developing high energy sources. Lack of testing facility, lack of funding, regulation with respect to arms transfer, and high production cost are some of the factors that hinder the growth of directed energy weapons market.

Some of the leading companies in directed energy weapons market are, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, The Boeing Company, L-3 Communications Holdings Inc., BAE Systems PLC., Textron Inc., Rheinmetall AG, QinetiQ Group PLC., and Moog Inc. The report provides comprehensive information like company profile, sales, revenue, market share and contact information.

Market Dynamics

Drivers & Market Impact

  • Technological Advancements
  • Growing Awareness About Safety and Security of the Nations
  • Increasing Investments and Changing Nature of Military Budgets
  • Increasing Demand for Non-Lethal Nuclear Weapons
  • Increasing Demand of High Energy Laser Weapons Across the World

Restraints & Market Impact

  • High Cost for the Development
  • Stringent Industry Regulations
  • Insufficient Testing Facilities

Opportunities

  • Commercial Technology Promote the Direct Energy Weapons
  • Increasing Deployment of Unmanned Aerial Vehicle (UAV)

Challenges

  • Environmental Issues
  • Component Improvement and System Integration
  • Development of High Energy Technology Systems

Key Topics Covered

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Global Direct Energy Weapons Market By Region

7. Company Profiles

  • Azimuth Corporation
  • BAE Systems PLC
  • Battelle
  • General Atomics
  • General Dynamics Corporation
  • Kratos Defense & Security Solutions
  • L-3 Technologies
  • Lockheed Martin Corporation
  • MBDA
  • Moog Inc.
  • Northrop Grumman Corporation
  • Rafael Advanced Defense Systems Ltd.
  • Raytheon Company
  • Rheinmetall AG
  • The Boeing Company

For more information about this report visit https://www.researchandmarkets.com/research/6stbjq/global_directed?w=4

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Related Topics: Missiles and Missiles Technology, C4ISR


Source: Business Wire (December 12, 2018 - 10:27 AM EST)

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