Directed Energy Weapons Market Size Worth USD 93.20 Billion By 2027 | CAGR of 26.8%: Emergen Research
- The higher emphasis on the incorporation of directed energy weapons (DEW) and extensive rise in investment in the defense & homeland security & intelligence bodies are the major factors influencing the market growth
- Market Size – USD 13.86 billion in 2019, Market Growth - CAGR of 26.8%, Market Trends – Higher demand for laser-based Directed Energy Weapons (DEW) for destroying drones & missiles
VANCOUVER, BC, Oct. 26, 2020 /PRNewswire/ -- The Global Directed Energy Weapons (DEW) Market is forecasted to be worth USD 93.20 billion by 2027, according to a current analysis by Emergen Research. The market is significantly being driven by factors such as the increasing adoption of the directed energy weapons to destroy or damage rockets, drones, mortar-launched explosives, and any other aerial threats, higher investment in the military bodies & defense intelligence sectors, and technological development in laser-based target-focused weapons.
Additionally, growing incidences of cross-border conflicts, asymmetry in warfare, a higher inclination for the forthcoming combat preparation, and the escalating number of existing weaponry technology & the need to update them into the futuristic ones are some of the subordinate reasons behind the tremendous growth of the market. The laser-based DEW anti-drone system or drone destroyers are expected to witness increased adoption in the market as more and more countries are deliberately developing & investing in high-power laser-directed energy systems to use against drones or UAVs.
The global landscape of the Directed Energy Weapons (DEW) market is expected to remain highly competitive and consolidated, consisting of a number of both small start-ups & medium enterprises and large conglomerates. During the forecast duration, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
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Further key findings from the report suggest
For the purpose of this report, Emergen Research has segmented the Global Directed Energy Weapons (DEW) Market on the basis of Type of Weapons Systems, Application, End-Users, Product, Power, Range, and Region:
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