The global directed energy weapons market is moderately fragmented, with the top three players having held nearly 59% of the market value in 2013. All key players hold close to similar shares of the value for directed energy weapons worldwide. Lockheed Martin, Raytheon Missile Systems, and Rafael Advanced Defense Systems are the leading providers of directed energy weapons across the world. According to a new report by Transparency Market Research, land-based directed energy weapons are expected to be the most popular deployment type till 2020.
The threat of new entrants is expected to remain low due to
the extremely high initial investments and capital required to set up a
directed energy weapons manufacturing venture. Additionally, as this market
already stands, there is a considerable shortfall of skilled professionals that
can help build directed energy weapons according to the modern military
standards.
Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5969
The revenue generation in the global market for directed
energy weapons is expected to exhibit a high CAGR of 20.8% within a forecast
period from 2014 to 2020. This revenue is expected to reach US$5.21 bn by the
end of 2020.
North America Demand for Directed Energy Weapons to
Remain High
North America is expected to continue being the leading
region of operations and sales of directed energy weapons in the world. By the
end of 2020, the global directed energy weapons market is expected to generate
US$2.76 bn. For the period from 2014 to 2020, Asia Pacific is considered to be
a high-potential region for directed energy weapons.
High energy lasers are expected to remain the most popular
directed energy weapons technology in use. By the end of 2020, this segment is
expected to earn a revenue of US$2.998 bn. Land based directed energy weapons
have consistently been the more popular form of directed energy weapons
deployment. By the end of 2020, this segment is expected to be valued at nearly
US$2.27 bn.
There is a greater demand for lethal directed energy weapons
over non-lethal ones, for the purpose of defense and modern warfare. Due to
this, the revenue generated by lethal directed energy weapons is expected to
lead the market till 2020, at which point it is expected to be valued at
US$2.97 bn.
Lower Cost Per Shot Can Prove Instrumental in Promoting
DEWs
“The leading cause for the majority of clients to prefer the
use of directed energy weapons is the enormous savings that they can help
project for the client over the years,” states a TMR analyst. “Take for example
a missile defense system. While conventional systems fire live ammunition at a
missile, directed energy weapons such as high powered laser beams can be used
to overheat the missile. This not only reduces the number of shots it takes to
eliminate the threat, but also reduces the time taken to do so. At the same
time, the total cost per shot itself is much lower than conventional weapons,”
he adds.
There is therefore a substantial difference in ammunition
costs between conventional weapons and directed energy weapons, not to mention
the savings made in metals and other materials used in ammunition.
Defense Budget Cuts Could Hamper Demand for DEWs
The defense industry being the key consumer of directed
energy weapons or any weapons in general, any fluctuations in their budget
allocation will directly affect their weapon consumption rate. Therefore, the
current major cuts in defense budgets across the world are acting as the
primary challenge to the demand for directed energy weapons.
The U.S. holds the largest expenditure rates on defense
activities, and is also currently one of the leading nations with defense
budget cuts. There is of course the increase in weapons consumption by Asia
Pacific defense bodies. They are, however, less aware of modern weapons and
therefore it will take time for directed energy weapons manufacturers to
successfully penetrate these countries.
“Military modernization programs remain the best bet for any
directed energy weapons manufacturer,” states the TMR analyst, adding, “As
defense as well as law enforcement bodies across the world are getting heavily
modernized, they include the scope of using directed energy weapons, both
lethal and non-lethal.”
The information presented in this review is based on a
Transparency Market Research report, titled, “Directed Energy Weapons
Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2014 – 2020.”
Key segments of the Global Directed Energy Weapons Market
Global Directed Energy Weapons Market, By Technology
- Particle
Beams
- High
Power Microwaves
- High
Energy Lasers
Global Directed Energy Weapons Market, By Technology
- Air
Borne
- Land
Based
- Naval
Global Directed Energy Weapons Market, By Weapon
- Lethal
- Non-Lethal
Global Directed Energy Weapons Market, By Geography
- North
America
- Europe
- Asia
- Pacific
- Rest
of the world (RoW)
Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=5969
About Us
Transparency Market Research (TMR) is a market intelligence
company, providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR’s experienced
team of analysts, researchers, and consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information. Our
business offerings represent the latest and the most reliable information
indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different
sector – such as pharmaceuticals, chemicals, energy, food & beverages,
semiconductors, med-devices, consumer goods and technology. These reports
provide in-depth analysis and deep segmentation to possible micro levels. With
wider scope and stratified research methodology, TMR’s syndicated reports
strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
No comments:
Post a Comment