According to the research report titled ‘Global Directed Energy Weapons Market 2019-2028’, global directed energy weapons market value is projected to multiply at a CAGR of 22.44% over 2019-2028.
 

Global directed energy weapons market is primarily driven by increasing acceptance of non-lethal weapons due to rising awareness of their benefits, cites the study.
 

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Surging demand for laser systems has encouraged governments to undertake initiatives to develop these systems. The precise nature of the technology combined with the rising terrorism worldwide is also driving demand for directed energy weapons.
 

The expected market growth can be achieved by exploring key opportunities such as expanding applications of the products in CBRNE (chemical, biological, radiological, nuclear, and explosives), and increasing defense budgets worldwide.
 

Speaking of restraints, strict laws on weaponry transfer and trade, high production costs, and lack of testing facilities for the systems are likely to hinder the industry expansion in the coming years. Besides, complex system integration also acts as a challenge for businesses operating in this domain.
 

Based on product type, global directed energy weapons market is bifurcated into non-lethal and lethal. With respect to application spectrum, the market is categorized into defense and homeland security.
 

As per technology type, the industry segmentation is comprised of high-energy laser (solid-state laser, free electron laser, fiber laser), high-power microwave, and particle beam. Moving on to end user scope, the market is divided into ground-based, airborne, and ship-based.
 

Coming to regional terrain, Asia-Pacific is expected to record a strong compound annual growth rate over 2019-2028, owing to rising threat of terrorism in economies such as India, China, Australia, and Japan. Rapid economic growth and increase in defense budget are also adding to the regional market expansion.
 

Major players powering global directed energy weapons industry trends are Rafael Advanced Defense Systems Ltd., Applied Companies, Raytheon Company, The Boeing Company, Textron Inc., Rheinmetall AG, Northrop Grumman Corporation, Lockheed Martin Corporation, and L3Harris Technologies Inc. among others.