According to the research report titled ‘Global Directed Energy Weapons Market 2019-2028’, available with Market Study Report, global directed energy weapons market is expected to register 22.44% CAGR over 2019-2028.
 

As per the report findings, increasing adoption of non-lethal weapons and rising necessity of laser systems among navies are catalyzing global directed energy weapons market growth. Moreover, rising applications of the weapons in CBRNE (abbreviated for chemical, biological, radiological, nuclear, and explosives) along with expanding defense budgets across the globe are adding considerable traction to industry expansion.
 

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Elaborating on the bottlenecks, strict directives pertinent to arms transfer and trade, coupled with huge production costs and complex system integration are restraining the market growth. Moreover, inadequate testing facilities for the system and its susceptibility to degradation due to atmospheric and technical challenges are also likely to hamper the industry outlook over 2019-2028.
 

In terms of product, the market space is bifurcated into non-lethal and lethal, whereas based on application scope, the industry vertical is fragmented into defense and homeland security. In terms of technology, the market is classified into particle beam, high-power microwave, and high energy laser. With respect to end-user terrain, the industry scenario is divided into ground-based, airborne and ship-based.
 

From a regional point of view, major contributors to the overall directed energy weapons industry remuneration are North America (U.S., Canada), Europe (U.K., Spain, Germany, France, Russia, Italy), Latin America (Mexico, Brazil), and Asia Pacific (India, Japan, China, South Korea, Australia & New Zealand, ASEAN countries)
 

Experts cite that Asia Pacific industry is slated to register a significant growth rate over the projected period, creditable to rapid economic progress, rising defense expenditure, and increasing incidences of terrorism in countries such as India, Japan, Australia & China.
 

L3Harris Technologies, Lockheed Martin Corporation, The Raytheon Company, MBDA, Rafael Advanced Defense Systems Ltd., Northrop Grumman Corporation, The Boeing Company, Applied Companies, Rheinmetall AG, Textron Inc., Moog Inc., BAE Systems plc and QinetiQ Group plc are the leading companies in global directed energy weapons market sphere.