Directed Energy Weapons Market is expected to reach US$5.21 bn by the end of 2020
The global directed energy weapons market is moderately fragmented, with the top three players having held nearly 59% of the market value in 2013. All key players hold close to similar shares of the value for directed energy weapons worldwide. Lockheed Martin, Raytheon Missile Systems, and Rafael Advanced Defense Systems are the leading providers of directed energy weapons across the world. According to a new report by Transparency Market Research, land-based directed energy weapons are expected to be the most popular deployment type till 2020. The threat of new entrants is expected to remain low due to the extremely high initial investments and capital required to set up a directed energy weapons manufacturing venture. Additionally, as this market already stands, there is a considerable shortfall of skilled professionals that can help build directed energy weapons according to the modern military standards. The revenue generation in the global mar...