An analysis by Triton Market Research has concluded that the European directed energy weapons market is expected to grow and extend at a CAGR of 21.61% during the forthcoming period 2019-2028.
The countries evaluated in the European directed energy weapons market are:
• Italy
• The United Kingdom
• Germany
• Russia
• France
• Spain
• Rest of Europe
The directed energy weapons market growth in the United Kingdom is driven by considerable investments in the development of DEW (Distant Early Warning). For example, it is reported that the Defense Ministry of the UK signed an agreement worth $42 million, with the UK Dragon Fire, the country’s industrial team, for conducting the R&D of laser-enabled directed energy weapons. Similarly, the Ministry of Defence in the UK has even allocated about $1122.2 million towards the development of advanced directed laser energy weapons. These advanced directed energy weapons may find applications in both sea and land-based defense applications. The increasing adoption of these systems is fueling the demand for these weapon systems in the country. These factors are likely to augment the growth of the directed energy weapons market.
There is increasing adoption of advanced directed energy weapons in the defense sector of Germany, which is primarily driving the growth of the country’s market. In 2017, MBDA Germany introduced an innovative LWS (Laser Weapon System), which was based on high-energy lasers. It was used in the military sector to test the tracking system. These factors are estimated to aid the studied market in the coming years.
BAE Systems is a global company engaged in defense, security and aerospace industry offering products & services for naval, air and land forces. Besides, the company provides military aircraft, radars, space systems, guided weapon system submarines and C4ISR systems. It caters its services to governments, commercial businesses and large prime contractors. It is headquartered in London, the UK.
Some noteworthy companies in the directed energy weanpons market are BAE Systems, Rheinmetall AG, Lockheed Martin Corporation, L3 Harris Technologies Inc, QinetiQ, Boeing, Moog Inc, Raytheon Company, Northrop Grumman Corporation, Rafael Advanced Defense Systems Ltd, MBDA, Textron Inc, and Applied Companies.