This market research study presents a detailed segmentation of the global directed energy weapons (DEW) market by application (defense and homeland security), weapon type (lethal and non-lethal weapons), and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are BAE, Boeing, Lockheed Martin, Northrop Grumman, and Raytheon.
Technavio’s market research analysts estimate the global DEW market to generate revenues of $24 billion between 2016 and 2020. Growing demand for non-lethal weapons across the globe has boosted the demand for DEW systems. The use of DEW systems is cost-effective, and the technology is used across anti-personnel weapon systems, missile defense system, and the disabling of lightly armored vehicles. The Americas is the fastest-growing region in the global DEW market, and is expected to grow at a CAGR of 27% during the forecast period. Much of this region’s growth comes from the increase in the military spending by the US government.
The new market research report from Technavio provides a breakdown and analysis of the DEW segments by technology.
“The latest trend gainibng prominence in this market is the development of non-lethal laser weapons. Weapons like the PHASR (personnel handling and stimulation response) emit infrared rays, which not only blind enemies temporarily but also disable electronic sensors. Weapons that offer accuracy and cause temporary harm are in demand around the world. Consequently, it can be estimated that the rising need for advanced weapons will have a positive impact on the demand and will propel market growth by the end of the forecast period,” says Abhay Singh, Lead Analyst, Aerospace & Defense, Technavio Research
The lethal weapons segment dominates the global directed energy weapons market and will generate revenues of close to USD 14 billion by the end of 2020. In many countries, the military and police use lethal weapons like Maglite lasers and bleach bombs to suppress criminals and extremists. Rising defense concerns and increasing procurement of lethal weapons for crowd control purposes will result in the growth of the market during the forecast period.
The leading vendors in the global DEW market include BAE, Boeing, Lockheed Martin, Northrop Grumman, and Raytheon. The market is highly competitive, and vendors vie for market share based on product quality, cost, reliability, and after-market service. To succeed and thrive in this market, vendors have to focus on providing quality and cost-effective DEWs in this market. Factors like increasing M&A activities and increased collaborations with alliance partners will drive market growth during the forecast period.
A more detailed analysis is available in the Technavio report, Global DEW Market 2016-2020
We can customize reports by other regions and specific segments upon request.
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