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Directed Energy Weapons Market - Global Industry to rise at a CAGR of 29.03% during forecast 2016-2020

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Published on : May 11, 2016

ALBANY, New York, May 11, 2016: This report incorporates an evaluation on the global directed energy weapons market and is a collation of both primary as well as secondary research. The information given in the report has been compiled by utilizing a number of valuable sources including trade journals, websites, search engines, white papers, magazines, and newspapers. The study also presents quantitative as well as qualitative information on the directed energy weapons market. It helps in the identification of the upcoming technologies, applications, the high potential countries and regions, and the requirement for new product launches. A comprehensive forecast has also been presented on the key indicators influencing the development of the market in the forecast horizon 2016 to 2020. 

The directed energy weapons market is poised to expand at an extraordinary CAGR of 29.03% between 2016 and 2020. The introduction section of the reports presents the market overview section and includes the market definition. As stated in the report, a directed-energy weapon emits immensely focused energy and this energy is transferred to a target in order to damage it. The major applications of this technology include anti-personnel weapon systems, potential missile defense system, the disabling of light armored vehicles such as jet skis, drones, and cars and electronic devices including mobile phones. The utilization of these weapons has proven to be more cost-effective in comparison to the enormous cost involved in a single missile launch. 

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In the next section of the report, the report presents the segmentation of the directed energy weapons market and it also tracks the market share of key players, market size, financial portfolio, and revenue projections. The revenue projections comprise a wide spectrum of numerous kinds of directed energy weapon technologies. On the basis of weapon type, the report segments the market into the non-lethal weapons market and lethal weapons market. In terms of application, the market has been segmented into defense directed energy weapons market and homeland security directed energy weapons market. By geography, the market is segmented into the Americas, Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC).

Moving further, the major market drivers, inhibitors, and trends have been elaborated upon in this study. The increasing demand for non-lethal weapons is a key factor driving the growth of the market. In addition, the growing investments in research and development are a prime trend prevalent in the market in the forecast horizon. On the other hand, the increasing cuts on defense budget may impede the growth of the market in the forthcoming years. In the following section, a list of the dominant vendors operating in the market has been presented. Some of these top vendors are BAE Systems, Boeing, Northrop Grumman Corp., Lockheed Martin Corp., Raytheon Co., Israel Aerospace Industries, Finmeccanica, Saab, and Thales Group.

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