Directed Energy Weapon Market
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<strong>Directed</strong> <strong>Energy</strong> <strong>Weapon</strong> <strong>Market</strong> Research Report - Forecast to 2023<br />
<strong>Directed</strong> <strong>Energy</strong> <strong>Weapon</strong> <strong>Market</strong> – Segmentation<br />
The directed energy weapon market is segmented based on platform, type, application, and region. On the basis of<br />
platform, airborne is widely used and comprises the largest market share due to changing geo-political dynamics. On the<br />
basis of type, lethal weapons are expected to witness a highest CAGR during the forecast period. On the basis of<br />
application, military applications are expected to witness a highest CAGR during the forecast period. The high research and<br />
development investment, particularly in lethal weapons, is one of the key factors expected to propel the growth of the<br />
directed energy weapons market. For instance, Lockheed Martin had developed high power laser weapon systems for the<br />
U.S. navy for intelligence, surveillance, & reconnaissance and counter-unmanned aerial system capabilities. Similarly,<br />
Northrop Grumman Corporation and Rheinmetall developed directed energy systems for the U.S. Air Force and<br />
Bundeswehr, respectively.<br />
The market is segmented based on region into North America, Asia Pacific, Europe, the Middle East & Africa, and South<br />
America. The North American region is expected to dominate the market in future due to technology advancements in<br />
warfare platforms and increasing defense budgets. A majority of the companies operating in the directed energy weapons<br />
market are based in the U.S. Europe is second to the North America directed energy weapon market due to rise in the<br />
military spending in countries, such as Ukraine. Asia Pacific region is the fastest growing region in directed energy weapon<br />
market due to increasing terrorism incidences and border threats. Thus, the global directed energy weapon market is<br />
estimated to witness an approximately 26% CAGR from 2017 to 2023.<br />
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