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Military Laser Systems Market Analysis 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 (United States & Canada), Europe (United Kingdom, Italy, Germany, Spain, France & Rest of Europe), Asia Pacific (India, China, Japan, South Korea, Australia, New Zealand, Rest of APAC), Latin America (Brazil, Mexico, Argentina & Rest of Latin America), Middle East & Africa) - Global Industry Size, Growth, Trends, Demand and Competitive Analysis Forecast Report | 2021- 2027

Published: January, 2022
ID: 8805
Pages: 100
Formats: report pdf report excel report power bi report ppt

Military Laser Systems Market Size, Share & Trends 2022 - 2027

The size and share of the Military Laser Systems Market are anticipated to grow with a CAGR of 8.87% and reach around USD 6.53 billion by 2026.

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. As a consequence, 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 ground, sea, space, maritime and battlefield.

Most of the laser weapons used to need 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 don't have to impose cumbersome laws to operate.Therefore, today's laser technology needs no weapons and is capable of defending lightweight ground vehicles, small drones, small attack ships, and rockets.

Military Laser Systems Market Growth Drivers:

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.

Military Laser Systems Market Major Challenges:

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. But 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 in it.

Potential Opportunities:

The rising demand for directed-energy weapons in military applications which are compact and power-efficient and can strike unlimited bullets with the speed of light and also are capable of stopping 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 in 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 the 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.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2021

Forecast Period

2021 - 2026

Segments Covered

By Technology, Weapon Type & 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)


This research report on the Global Military Laser Systems Market has been segmented and sub-segmented into the following categories and analyzed market size & forecast for each segment until 2026.

Military Laser Systems Market: By Product

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

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 held a significant share of the market.

Military Laser Systems Market: By Application

  • Aerospace
  • Defense
  • Homeland Security

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

Military Laser Systems Market: By Technology

  • Fibre
  • Solid State
  • Co2
  • Semiconductor
  • Chemical

Military Laser Systems Market: By Weapon Type

  • Weapon
    • Designator
    • Directed Energy Beam
  • Non - Weapon
    • 3d Scanning
    • Gyro
    • Lidar
    • Altimeter
    • Range Finder

Military Laser Systems Market: By Region

The Military Laser Systems Market Report includes the segmentation of Regions with their respective Countries.

  • North America Military Laser Systems Market includes U.S, Canada

  • Europe Military Laser Systems Market includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe

  • Asia Pacific Military Laser Systems Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC

  • Latin America Military Laser Systems Market includes Brazil, Mexico, Argentina, Chile & Rest of LATAM

  • Middle East & Africa Military Laser Systems Market includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

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 it 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 during the forecast period to become the fastest-growing region on the market.

Top Leading Companies Dominating the Military Laser Systems Market listed in the report are:

  1. Raytheon Company (U.S.)
  2. Coherent Inc. (U.S.)
  3. Newport Corporation (U.S.)
  4. Lockheed Martin Corporation (U.S.)
  5. Thales SA (France) 

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