As per the report titled ‘GLOBAL DIRECTED ENERGY WEAPONS MARKET 2019-2027’, available with Market Study Report, global directed energy weapons market is projected to register a strong CAGR of 22.5% during 2020-2027.
 

Growing adoption of non-lethal weapons, upsurge in demand for laser systems form the navy, and rising terrorism are driving global directed energy weapons market growth. Moreover, increased product application in chemical, biological, radiological and nuclear (CBRN) defense and rising defense budgets across the globe are enhancing the market outlook.
 

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On the contrary, strict norms and policies regarding arms transfer and trade, lack of proper testing facilities, and high production cost are hindering he industry expansion. Further, aspects like improvement of components & system integration, along with high proneness to degradation in view of atmospheric and technical challenges in establishing high-energy sources are major challenges to business expansion.
 

Based on product, worldwide direct energy weapons market is split into lethal and non-lethal. Moving on the application scope, the industry is categorized into homeland security and defense. Considering the technology, the categorizations include chemical laser, high-energy laser, fiber laser, free electron laser, high power microwave, solid-state laser, and particle beam. Speaking of the end-user spectrum, the market is divided into water-based, terrestrial vehicle, airborne, and gun.
 

Geographically, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa are the key contributors to the global directed energy weapons market revenue. North America is anticipated to garner a robust growth rate over the forecast duration owing to strong presence of major players and favorable government directives in the region.
 

Prominent industry vendors include Rafael Advanced Defense Systems Ltd., MBDA, Applied Companies, Inc., Raytheon Company, The Boeing Company, Textron Inc., Rheinmetall AG, Qinetiq, Northrop Grumman Corp., Moog, Inc., Lockheed Martin Corp., L3 Harris Technologies Inc., and BAE Systems plc.