Directed energy weapons market is estimated to reach USD 24.45 Billion by 2021, at a CAGR of 28.90% from 2016 to 2021. This growth can be attributed to the increasing incidences of armed conflicts, war, and terrorism, globally, which are expected to drive the demand for directed energy weapons.

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The directed energy weapons market is estimated to be dominated by the defense application segment, in 2016. A number of factors, such as increasing terrorism and unconventional warfare across the globe have led to an increase in the demand for high quality, integrated, precise, and cost-effective energy weapons by defense forces. The high growth in defense application ensures the disruptive change of warfare with an alteration to how militaries fight and the metrics that make weapons useful.

The directed energy weapons market report covers the forecast of the market and its dynamics over the next five years, while also recognizing the market strategies adopted by the key players, recent developments in the market, and countries with high growth potential for the market. The directed energy weapons market has been analyzed primarily on the basis of technologies, including high energy laser, high power microwave, and particle beam through the period of 2016 to 2021, considering 2015 as the base year.

High energy laser is projected to be the fastest-growing segment of the directed energy weapons market during the forecast period, due to the development of advanced technologies, such as Active Denial Systems (ADS) and pain ray. In addition to being used in the defense sector, the demand for laser equipped weapons has increased in the homeland security segment to control riots and cross border trespassing.

The directed energy weapons market was dominated by North America in 2015, owing to technological advancements and rising incidences of terrorism and civil unrest in the region. The Asia-Pacific directed energy weapons market is expected to witness highest growth, due to the increasing research and development activities undertaken in the region for the development of advanced technology-based directed energy weapons for tactical operations, increasing military expenditures, implementation of military modernization programs in major economies of the region, and rising demand for autonomous weapons for tactical operations, primarily owing to rising threats of cross-border terrorism in several countries.

Key players in the directed energy weapons market include Lockheed Martin (U.S.), Boeing (U.S), Northrop Grumman (U.S.), Raytheon Company (U.S.), BAE systems (U.K.)