According the business intelligence report titled ‘GLOBAL Directed Energy Weapons Market 2019-2027’, available with Market Study Report, global directed energy weapons market is speculated to record 22.15% CAGR over 2019-2027.
 

Increasing utilization of non-lethal weapons, rising demand for laser weapons from the navy, and surge in terrorism are major factors swelling the global directed energy weapons market size. Notably, this weapon technology is known to provide accuracy and precision.
 

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Increase in defense budget worldwide, and rising deployment of chemical, biological, radiological, and nuclear (CBRN) defense measures will further augment the market outlook. 
 

On the other hand, lack of testing facilities, high cost of manufacturing, and strict rules for arms trade & transport hiders growth of global directed energy weapons industry. Furthermore, technical problems in developing high-energy sources, higher chances of degradation due to environmental factors, and issues with component enhancement & system integration also pose as challenges.
 

Based on product gamut, global directed energy weapons market is divided into lethal, and non-lethal. Speaking of application scope, the industry is classified into defense, and homeland security. According to technology, the marketplace is bifurcated into high power microwave, particle beam, and high energy laser (chemical, fiber, solid-state, free electron). Moving on to end user spectrum, the industry is segregated into airborne, gun, water-based, and terrestrial vehicle.
 

From the regional frame of reference, North America accounted for majority of global directed energy weapons industry share in the recent past, due to rising weapon demand to cope with violent riots, and favorable government policies. Moreover, many leading companies in this field are based in North America which helps in revenue generation.
 

Key players influencing worldwide directed energy weapons industry dynamics are The Boeing Company, MBDA, L3Harris Technologies, Lockheed Martin Corporation, Applied Companies Inc., Moog Inc., The Raytheon Company, BAE Systems plc, Rheinmetall AG, Textron Inc., Northrop Grumman Corporation, QinetiQ Group, and Rafael Advanced Defense Systems Ltd.
 

These companies are making strategic decisions like partnerships, investments, acquisitions, mergers etc., enabling them to garner revenue and increase their share in the market worldwide.