Directed-energy weapons systems market to reach $4.02 billion by 2030, study saysNews
June 01, 2020
FREMONT, Calif. The global market for directed-energy weapons systems will reach $4.02 billion by 2030, at a CAGR of 18.15%, according to a new market study from BIS Research, "Global Directed Energy Weapon Systems Market − Analysis and Forecast 2020-2030."
According to the study, the growth in the market for directed-energy weapons is driven primarily by countries' need for enhanced border security arising due to increasing land disputes, migration, and smuggling. Additionally, the study authors found that such weapons are developed mainly to counter the growing threats from unmanned aerial systems (UASs), mortars, missiles, and small boats at a low engagement cost and with a high degree of speed, precision, and flexibility.
For more information on this study, visit the website.