The directed energy weapon market research report categorizes the global market on the basis of technology, application, product, and regions for the forecast period from 2013 to 2020. In the technology sector, three major technologies of directed energy weapons are briefly explained. These technologies include High Energy Laser (HEL), High Power Microwave (HPM), and Particle Beam. The report highlights the market size and the market share for these technologies, of which High Energy Laser technology contributes 52% of the total directed energy weapon’s market share.
The report also classifies the application sector which includes the homeland security and defense application. Further, the defense application sector is segmented into three platforms: air, navy, and ground. The market for directed energy weapons in the homeland security application is estimated to grow at a CAGR of 23.3% during the forecast period.
The market of directed energy weapons has a maximum number of applications in air-based platforms of defense which are estimated to show a significant growth during the forecast period. As the naval platform is investing a huge amount in the demonstration and development of directed energy weapons, it is estimated to have maximum market share by 2020.
The regional analysis offers the market share and size for the major regions of North America, Europe, APAC, the Middle East, and Latin America. Wherein, the directed energy weapon market is majorly acquired by North American and European countries. During the forecast period, the market share for the regions of APAC and the Middle East are estimated to grow at a high CAGR.
The report offers the leading competitors in the directed energy weapons market, the general overview of the companies, and also provides their financial position, key products, and market share.
The future of the directed energy weapons market will be dominated by High Energy Lasers (HELs) for the defense application. However, the High Power Microwave technology will be used in non-lethal weapons for homeland security application.
Defense companies are focusing on this nascent market and investing heavily to develop more innovative weapons that are more feasible, portable, and cost effective.