London, 13 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Directed Energy Weapons Market 2014-2018, which is expected to post a CAGR of 23.16 percent during the forecast period of 2013-2018.
Directed energy weapons focus high-energy emissions to launch an offensive against the enemy such that there is minimum collateral damage. The demand for directed energy weapons depends on the military strength of countries. The Defense and Homeland Security sectors are the major end-users of directed energy weapons. These weapons can be used for both lethal and non-lethal attacks.
Key Market Drivers
- Increase in Defense Budgets
- Armed Conflicts
- Growing Demand for Directed Energy Weapons
Key Market Trends
- Increased Investments in R&D
- Increase in Civil Wars
- Market Consolidation
Key Vendors
- BAE Systems Plc
- The Boeing Co.
- Raytheon Co.
- Textron Inc.
“Increased Investments in research and development activities is most likely to increase the demand for directed energy weapons in coming years,” says Faisal Ghaus, Vice President of TechNavio.
“In an attempt to improve the existing technology, vendors are developing systems that can help augment the endurance and efficiency of the existing weapons in unfavorable conditions.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
