The report, now available on ASDReports, recognizes the following companies as the key players in the Global Directed Energy Weapons Market: BAE Systems, Boeing, Lockheed Martin Corp., Northrop Grumman Corp., and Raytheon Co.
Other Prominent Vendors in the market are: Finmeccanica, Israel Aerospace Industries, Saab, and Thales Group.
Commenting on the report, an analyst said: “The increase in the defense budget in most of the developing countries has resulted in an increase in R&D. There is a continuous need for the development of DEW systems and equipment in law enforcement to protect people and national security. Changing environments and emerging technologies have resulted in the defense departments of different countries to develop new and improved weapons and equipment. For example, the guns that do not overheat and require low maintenance are being developed.”
According to the report, the growing demand for non-lethal weapons is a primary driver of the market. We expect that countries such as Russia, the US, the UK, Israel, China, Japan, South Korea, India, and the UAE will increase their demand for non-lethal weapons, during the forecast period owing to the increasing extremist attacks, mob fights, and territorial disputes.
Further, the report states that amid a challenging budgetary environment, the US military sector also has to deal with reducing costs while procuring, maintaining, and enhancing and developing the DEW systems. The decrease in the defense budget prohibits the development of the equipment used by military, police, and law enforcement personnel.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Apr 25, 2016