Global Military Laser Systems Market Size, Share, Trends, & Growth Forecast Report - Segmented by Product (Laser Designator, LIDAR, 3D Scanning, Laser Weapon, Laser Range Finder, Ring Laser Gyro, Laser Altimeter), Application (Weapon, Designator, Directed Energy Beam, Non – Weapon, 3d Scanning, Gyro, Lidar, Altimeter, and Range Finder), Technology (Fibre, Solid State, Co2, Semiconductor, and Chemical), Weapon Type (Weapon (Designator, and Directed Energy Beam) Non-weapon (3d Scanning, Gyro, Lidar, Altimeter, and Range Finder ) ) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Updated On: June, 2024
ID: 8805
Pages: 100

Global Military Laser Systems Market Size (2024 to 2029)

The global military laser systems market is expected to be worth USD 5.51 billion in 2024. It is expected to grow at a CAGR of 8.87% during the forecast period and reach a value of USD 8.43 billion by 2029.

To respond to various normal and unusual threats, the contemporary military operating environment requires a wide range of tools. Additionally, conventional weapons have proven ineffective in some cases, and thus, their hegemony is slowly fading away with technological developments. Consequently, countries around the world pursuing military predominance devote time and resources to maximize the use of laser technology in guns and other devices for military applications on the ground, sea, space, maritime, and battlefield. Most of the laser weapons used needed a greater supply of power that was fixed to a permanent base. Nevertheless, the devices have become compact and effective to support military applications effectively due to advances in laser technology. One also has limitless firing power these days and doesn't have to impose cumbersome laws to operate. Therefore, today's laser technology needs no weapons and can defend lightweight ground vehicles, small drones, small attack ships, and rockets.

MARKET DRIVERS

The rising demand for directed-energy weapons in military applications that are compact and power-efficient can strike unlimited bullets with the speed of light, and can stop air, land, and sea targets in their path, is majorly driving the global military laser systems market growth.

These systems are foreseen to work as a complementary weapon in disabling rockets and drones on battlefields, which will create lucrative opportunities in the market.

Also, the integration of innovative technologies such as sophisticated beam control and auxiliary technologies in these systems by leading companies like Raytheon International Inc. and Lockheed Martin Corporation, among others, to offer defensive and aggressive capabilities against growing threats to military forces and infrastructure for making these systems will create opportunities for the players in the market. The increasing awareness of the applications of laser systems in the military sector, coupled with the rising investments for their successful execution, is the primary factor that is propelling the growth of the Military Laser Systems Market.

The rising demand for directed-energy weapons in military applications, which are compact and power-efficient, can strike unlimited bullets with the speed of light and can stop air, land, and sea targets in their path, is majorly driving the global military laser systems market growth. These systems are foreseen to work as a complementary weapon in disabling rockets and drones on battlefields, which will create lucrative opportunities in the market. Also, the integration of innovative technologies such as sophisticated beam control and auxiliary technologies in these systems by leading companies like Raytheon International Inc. and Lockheed Martin Corporation, among others, to offer defensive and aggressive capabilities against growing threats to military forces and infrastructure for making these systems will create opportunities for the players in the market.

MARKET RESTRAINTS

However, the demand for the generation of high-power systems that are integrated with mobility and cost factors are the restraints that are expected to challenge the global military laser systems market. However, the increasing research and development budget of the military sector is estimated to result in resolving the limitations of these military laser systems in the long term with a rich diversity.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

8.87%

Segments Covered

By Product, Technology, Application, Weapon Type and Region

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

  Market Leaders Profiled

Raytheon Company (U.S.), Coherent Inc. (U.S.), Newport Corporation (U.S.), Lockheed Martin Corporation (U.S.) and Thales SA (France)


 

SEGMENTAL ANALYSIS

Global Military Laser Systems Market Analysis By Product

In the product segmentation of the global military laser systems market, the 3D scanning segment is anticipated to grow and record a high CAGR during the forecast period. But at present, the laser weapon segment holds a significant share of the market.

Global Military Laser Systems Market Analysis By Application

From the application segmentation, the defense segment has dominated the global military laser systems market share and revenue for some time now. Also, this segment is anticipated to grow during the forecast period, continuing its dominance.

REGIONAL ANALYSIS

North America dominates the market for military laser systems, followed by Europe, Asia-Pacific, the Middle East, and the rest of the world (RoW). The Middle East is one of the world's top five defense markets, and in the coming years, the Middle East defense spending is expected to increase by fourfold. In the Middle East, the need for military laser systems is increasing, as they could improve force protection against small boat swarms, unmanned aerial vehicles or missiles, artillery, mortar, and missile attacks. This has helped the Middle East region become the fastest-growing region in the market during the forecast period.

KEY MARKET PLAYERS

Raytheon Company (U.S.), Coherent Inc. (U.S.), Newport Corporation (U.S.), Lockheed Martin Corporation (U.S.) and Thales SA (France) are some of the major companies in the global military laser systems market.

DETAILED SEGMENTATION OF THE GLOBAL MILITARY LASER SYSTEMS MARKET INCLUDED IN THIS REPORT

This research report on the global military laser systems market has been segmented and sub-segmented based on the product, application, technology, weapon type, and region. 

By Product

  • Laser Designator
  • LIDAR
  • 3D Scanning
  • Laser Weapon
  • Laser Range Finder
  • Ring Laser Gyro
  • Laser Altimeter

By Application

  • Aerospace
  • Defense
  • Homeland Security

By Technology

  • Fibre
  • Solid State
  • Co2
  • Semiconductor
  • Chemical

By Weapon Type

  • Weapon

    • Designator

    • Directed Energy Beam

  • Non - Weapon

    • 3d Scanning

    • Gyro

    • Lidar

    • Altimeter

    • Range Finder

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

Please wait. . . . Your request is being processed

Frequently Asked Questions

What are the primary applications of military laser systems?

Military laser systems are primarily used for target designation, range finding, countermeasure applications, directed energy weapons, and communications. They play a critical role in enhancing the precision and effectiveness of military operations.

What technological advancements are driving the military laser systems market?

Technological advancements such as solid-state lasers, fiber lasers, and diode-pumped alkali lasers are driving the market. These technologies offer higher efficiency, improved beam quality, and greater power output, which are crucial for military applications.

What environmental and ethical considerations are associated with military laser systems?

Environmental considerations include the potential impact of laser testing and operations on local ecosystems. Ethically, the deployment of laser weapons raises concerns about their use in warfare, particularly regarding the potential for indiscriminate damage and the treatment of combatants and civilians under international law.

How is the military laser systems market expected to evolve in the next decade?

The market is expected to see significant growth, with increased investment in research and development leading to more advanced and versatile laser systems. The focus will likely shift towards miniaturization, increased power efficiency, and integration with unmanned systems.

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1800

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample