Market Research Report
ASIA PACIFIC DIRECTED ENERGY WEAPONS MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||609199|
|Published||Content info||106 Pages
Delivery time: 1-2 business days
|ASIA PACIFIC DIRECTED ENERGY WEAPONS MARKET FORECAST 2018-2026|
|Published: March 2, 2018||Content info: 106 Pages||
Market earnings of the Asia-Pacific directed energy weapons market are expected to increase rapidly over the forecast period of 2018-2026, due to a CAGR rise of 29.64%.
Increasing demand for high energy laser technology and growing defence sector are expected to promote the market growth in this region. China is a dominant market in APAC. The country has made remarkable investments in Electromagnetic Launch (EM) technology. Another prominent market in this region is the Indian directed energy weapons market, which is predicted to rise with the highest CAGR over the forecast period. According to the International Trade Administration (ITA), India has become one of the world's top defence importers. Increasing investment in defence and widespread adoption of various schemes for defence in India are expected to drive the Indian directed energy weapons market's growth. However, susceptibility to degradation due to atmosphere and certain technical challenges towards developing high energy sources are factors that could significantly restrict the Asia-Pacific market growth in the coming years.
Market leaders like Textron Inc, L-3 Brashear, The Boeing Company Northrop Grumman Corporation, Lockheed Martin Corporation, Rheinmetall Ag, Raytheon Company, Bae Systems, QinetiQ Group Plc, Moog Inc and others are engaged in this region.