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North America Directed Energy Weapons Market Forecast 2020-2028

The North America directed energy weapons market is projected to record growth at a CAGR of 22.25% during the projected period, 2020-2028. The major factors boosting the market growth are increased expenditure on research & development, favorable government policies, growth in military expenditure, and technological advancements. Several key players of the market generate revenue from the North American region.

The directed energy weapons market growth in North America is assessed through the market analysis of the countries Canada and the United States. There has been an increase in the incidences of civil unrest and violent riots in various cities of the region, which has resulted in growing demands for DEW weapons. The government support, in terms of the DEW adoption, further presents the scope for market expansion. In Canada, the growing terrorism incidents are projected to encourage the government to develop and use directed energy weapons such as laser guns. The terrorism-related incidents are also set to boost the deployment of laser-based directed energy weapons. In Canada, the laser-based weapons are installed in commercial aircraft to destroy the mechanics and optics of heat-seeking missiles. The Canadian Navy is set to use directed energy weapons like long-range acoustic devices, portable laser dazzlers, and microwave projectors, for warning the sea pirates before approaching their ships in high seas. As a result, the large-scale deployment of laser-based directed weapons by the Canadian government is estimated to propel the market growth in the country.

The market boasts of the presence of several key players. Some of the renowned companies in the market include, Moog Inc, Northrop Grumman Corporation, Applied Companies, QinetiQ Group PLC, MBDA, etc.

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North America Directed Energy Weapons Market Forecast 2020-2028
Published By :Inkwood Research
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