HOME Research Insight Product Innovation and Business Acquisition were the Key Strategies of the Major Players in Directed Energy Weapons Market

Product Innovation and Business Acquisition were the Key Strategies of the Major Players in Directed Energy Weapons Market

Key companies operational in the directed energy weapons market in 2015 include Lockheed Martin (U.S.), The Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), and Boeing Company (U.S.).

Top two players in the directed energy weapons market

Lockheed Martin Corporation (U.S.) was the leading player in the directed energy weapons market and accounted for the largest share of 23% in 2015. The company operates through segments, namely, Missiles & Fire Control (MFC), Aeronautics, Information Systems & Global Solutions (IS&GS), Space Systems, and Mission Systems & Training (MST), wherein the Missiles & Fire Control (MFC) segment deals with air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; and fire control systems along with manned and unmanned ground vehicles. The company has made significant investments in R&D to expand their product portfolio and introduce new products with the help of innovative technologies. The company is a leading player in the U.S. as well as internationally, and has a wide product portfolio consisting of laser and sensor systems and missile guided weapons. For instance, in 2015, Lockheed Martin Corporation introduced prototype laser turret, an efficient DEW technology for laser weapon systems on tactical aircraft for the Defense Advanced Research Projects Agency (DARPA) and the Air Force Research Laboratory (AFRL).

Raytheon Company (U.S.) provides guided missiles, anti-tank and anti-aircraft missiles, man-portable grenade launchers, and anti-tank and anti-aircraft guns to naval forces and military forces in the U.S. The company is also a key provider of advanced services that include mission system integration; electronics in areas of control, communications, intelligence systems, and a wide range of mission support services for the defense application. Raytheon Company contributed a share of 20% to the directed energy weapons market in 2015. This can be attributed to the company’s large number of government contracts and new product development in this segment. Raytheon Company has introduced Small Diameter Bomb II in two additional modes: coordinate attack and laser illuminated attack. SDB II features a highly advanced tri-mode seeker, enabling the weapon to use imaging infrared, millimeter wave, and laser guidance to find targets on the battlefield. SDB II employs its on-board GPS system to attack fixed targets from close as well as standoff ranges of greater than 40 miles. In the laser mode, SDB II utilizes its semi-active laser to track and eliminate laser-illuminated targets.

Companies, such as Northrop Grumman Corporation (U.S.) and Boeing Company (U.S.) have made significant contribution to the directed energy weapons market. These companies, along with L-3 Communications Holdings (U.S.) and BAE Systems (U.K.) are expected to witness significant growth in the coming years, primarily owing to new product launches, long-term contracts, and acquisitions strategies adopted by them in recent years.

Related Reports:

Directed Energy Weapons Market by Technology (High Energy Laser, High-Power Microwave, Particle Beam), HEL System (Solid State Laser, Chemical Laser, Free Electron Laser, Fiber Laser), Product, End User, Application, and Region - Global Forecast to 2021

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