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North America Directed Energy Weapons Market Forecast 2019-2027


KEY FINDINGS
The North American directed energy weapons market generated $XX million in 2018. Between the forecast years of 2019-2027, the market is expected to exhibit a CAGR of 24.47% and raise a total of $XX million by its end.

MARKET INSIGHTS
In North America, the directed energy weapons are used in defense activities such as ground-based air defense against the aerial targets or are deployed for medium-range, short-range and long-range strategic missions. The increased defense spending aimed towards the development of directed energy weapons, deployment of the SHIELD program and implementation of the Directed Energy Weapon Systems Acquisition Act in 2016 together are expected to boost the United States directed energy weapon market's growth. Similarly, the recurrent terrorist attacks in Canada are expected to boost the deployment of laser-based directed energy weapons for precisely hitting down the terrorist targets. Furthermore, according to the 2015 Journal of Military and Strategic Studies (JMSS), the Canadian Navy aims to use laser-based directed energy weapons to successfully battle the rising threat of pirates on the high seas. All such initiatives are significantly expected to drive the overall North American directed energy weapons market growth.

COMPETITIVE INSIGHTS
Companies like the Boeing Company, Rheinmetall AG, Bae Systems, L-3 Brashear, Northrop Grumman Corporation, Textron Inc., Raytheon Company, Lockheed Martin Corporation, Moog Inc. and several other prominent players are engaged in this market.
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North America Directed Energy Weapons Market Forecast 2019-2027
Published By :Inkwood Research
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