The global directed energy weapons market is moderately fragmented, with the top three players having held nearly 59% of the market value in 2013. All key players hold close to similar shares of the value for directed energy weapons worldwide. Lockheed Martin, Raytheon Missile Systems, and Rafael Advanced Defense Systems are the leading providers of directed energy weapons across the world. According to a new report by Transparency Market Research, land-based directed energy weapons are expected to be the most popular deployment type till 2020.
The threat of new entrants is expected to remain low due to the extremely high initial investments and capital required to set up a directed energy weapons manufacturing venture. Additionally, as this market already stands, there is a considerable shortfall of skilled professionals that can help build directed energy weapons according to the modern military standards.
The revenue generation in the global market for directed energy weapons is expected to exhibit a high CAGR of 20.8% within a forecast period from 2014 to 2020. This revenue is expected to reach US$5.21 bn by the end of 2020.
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North America Demand for Directed Energy Weapons to Remain High
North America is expected to continue being the leading region of operations and sales of directed energy weapons in the world. By the end of 2020, the global directed energy weapons market is expected to generate US$2.76 bn. For the period from 2014 to 2020, Asia Pacific is considered to be a high-potential region for directed energy weapons.
High energy lasers are expected to remain the most popular directed energy weapons technology in use. By the end of 2020, this segment is expected to earn a revenue of US$2.998 bn. Land based directed energy weapons have consistently been the more popular form of directed energy weapons deployment. By the end of 2020, this segment is expected to be valued at nearly US$2.27 bn.
There is a greater demand for lethal directed energy weapons over non-lethal ones, for the purpose of defense and modern warfare. Due to this, the revenue generated by lethal directed energy weapons is expected to lead the market till 2020, at which point it is expected to be valued at US$2.97 bn.
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