According to a research report titled ‘Global Directed Energy Weapons Market 2019-2028’, available with Market Study Report, global directed energy weapons market is estimated to grow at a healthy CAGR of 22.44% over the forecast period 2019-2028..
 

Report findings claim that rising adoption rate of non-lethal weapons owing to increased awareness of its benefits such as minimized casualties is driving worldwide directed energy weapons market growth.
 

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Moreover, precise and accurate nature of this technology, coupled with growing necessity of laser systems in navies is further boosting the overall industry development. Parallelly, rising incidence of terrorism across the world is also fueling the market demand.
 

Despite the positive industry outlook, technical challenges faced while developing high energy sources coupled with the technology’s susceptibility to degradation due to atmosphere exposure, and component integration & improvement are challenges for the market.
 

Moreover, factors such as dearth of testing facilities, surging manufacturing costs, strict arms trade & transfer regulations are likely to impede the overall directed energy weapons market progress in the upcoming years.
 

However, expanding worldwide defense budget, as well as increased application of the weapons in CBRNE (chemical, biological, radiological, nuclear, & explosives) defense are creating new opportunities for industry growth.
 

Based on technology gamut, the market is arrayed into, high-energy lasers (chemical, solid state, fiber, free electron), particle beam and high-power microwave. By end-user spectrum, the industry is classified into air-borne, ship-based, and ground-based segments.
 

Speaking of product type, the business vertical is split into lethal and non-lethal. Rising preference for non-lethal weapons instead of conventional warfare is boosting segmental growth.
 

Moving on to application ambit, the industry segmentation comprises homeland security, and defense. Among these, defense application is expected to dominate the market in the upcoming years.
 

Considering the regional scope, Asia-Pacific direct energy weapons industry size is projected to expand at a significant growth rate during the forecast period. This can be ascribed to fast-paced economic development, increasing threat of terrorism in countries like China, India, Japan and Australia, and mounting defense expenditure in the region. Additionally, the high quality, cost-effective, and precise nature of these systems are also stimulating regional market demand.
 

Key contenders in the market are Rafael Advanced Defense Systems Ltd., MBDA, Applied Companies Inc., Boeing Company, Textron Inc., Rheinmetall AG, QinetiQ Group plc, Northrop Grumman Corp., Moog Inc., L3Harris Technologies Inc., and BAE Systems plc.