The global directed energy weapons market is expected to grow on account of increasing lethal and precise weapons demand over the forecast period. Huge investment for weapon development coupled with its demonstration is expected to augment global market over the forecast period. Directed energy weapons (DEW) are capable of selecting targets which are discrete. They operate at speed of light and can cause disruptive effects to personnel, facilities and equipment. Such weapon also emits a beam which comprises of acoustic energy, atomic particles and electromagnetic energy. Changing warfare nature in the global environment is expected to drive global market over the forecast period. In addition, directed energy weapons have the ability to damage the target with minimum indemnity damage. This factor is expected to accelerate global demand over the forecast period. Further, beam produced by them are not influenced by environment and gravity factor. Therefore, they have high wining probability coupled with minimum risks. Other features such as efficiency against fast moving objects, multiple target area coverage, unlimited magazine, long range and precise targeting are expected to positively impact the global market over the forecast period. Increasing protests, turmoil, political disputes and conflicts are expected to positively impact global demand in the coming years. Defense is expected to be a major directed energy weapons consumer. Arms transfer protocol along with high weight cost is expected to obstruct the global DEW market over the forecast period. Development costs coupled with technological hurdle are also expected to be major challenges restraining global market over the forecast period.
Global market is segmented on the basis of technology and applications. Technology segment is categorized as high energy laser technology (HEL), particle beam and high power microwave technology (HPM). High energy laser technology is further segmented into solid state laser (SSL), chemical lasers and free electron laser (FEL). High energy laser technology (HEL) was one of the most applicable and preferred technology among other technology for the directed energy weapon development. Owing to which over the forecast period, high energy laser weapons (HEL) is expected to dominate overall directed energy weapons market. Application segment comprises of two major sectors such as defense platform and homeland security application.
The global directed energy weapons (DEW) market was ruled by North America. The market was followed by Europe owing to huge demand from defense sector coupled with high weapon investments. Asia Pacific is expected to be the fastest growing market over the forecast period. China was the major market player whereas the market in India is under development. Countries in Asia Pacific are not only facing external threats but internal conflicts are also rising at rapid pace. Terrorist threats are expected to grow regional directed energy weapons demand over the forecast period. China is expected to be the major market over the forecast period owing to anti-laser defense developments. India’s research organization DRDO (defense research and development organization) has planned high powered laser weapons technology development. To improve anti-ballistic missile capability, India is expected to develop directed energy weapons (DEW) production in the coming years. Over the forecast period, India is expected to appear with all strong defense system.
Global directed energy weapons market includes players such as Rafael Advanced Defense Systems, Lockheed Martin, BAE Systems, Northrop Grumman, Applied Companies, Textron, Raytheon, Moog, Inc. and MBDA. Northrop Grumman and Raytheon were key market players across the globe. The market is highly consolidated in nature. Most of the market players are from developed regions as the market requires huge investments. Increasing demand from Asia Pacific countries are expected to be the new and emerging market for industry participants.
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