Military Laser Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Military Laser Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Semiconductors

Report Description

Contemporary military operating environment needs a wide range of tools to respond to a numerous regular and irregular threats. Also, in certain cases, conventional weapons have proved to be inadequate and therefore their dominance is slowing fading away with technological developments. As a result, countries across the world that are trying to seek predominance in military terms are allocating time and resources to make optimum use of laser technology in weapons and other systems for military applications on land, air, space, maritime, and battlefield. Therefore, the military laser systems market is expected to be driven by the development of laser systems during the forecast period.

Previously, most laser weapons needed a large power supply that were stuck to a permanent base. However, owing to advancements in laser technology, the systems have become small and powerful to serve military applications efficiently. Also, these days, they have unlimited firing capacity and do not need deployed expensive ordinance to operate. Thus, the laser technology available today require no ammunition and can defend lightweight ground vehicles, small sized drones, small attack boats and rockets.

Key factor driving the growth of the military laser systems market include the increasing awareness of the potential of laser systems in military applications and high investment for its successful execution. Also, several countries are benefitting from low volume and light-weight military laser systems such as laser rangefinders and target designators, thus encouraging others to implement the same and driving the market further.

Restraint affecting the military laser systems market include the need of generation of high power systems while considering mobility and cost factors. However, high research and development budget of military sector is expected to result in a rich diversity of military laser systems resolving the limitation in the long term.

New opportunity anticipated to boost the military laser systems market include the increasing demand for directed-energy weapons in military applications. These systems are compact and power-efficient and can strike unlimited bullets with the speed of light. They are also capable of stopping air, land, and sea targets in their path. Thus, they are expected to prove as a complementary weapon in battlefields specifically effective in disabling rockets and drones. Leading companies such as Raytheon International Inc. and Lockheed Martin Corporation among others are integrating innovative technologies such as sophisticated beam control and auxiliary technologies in these systems to provide defensive as well as aggressive capabilities against growing threats to military forces and infrastructure making these systems, a commonplace.

The military laser systems market can be segmented basis on technology, product type, application, and geography. In terms of technology, the military laser systems market can be classified into chemical laser, CO2 laser, fiber laser, semiconductor laser, and solid-state laser. On the basis of product type, the military laser systems market can be divided into laser altimeter, laser weapon, laser designator, laser range finder, LIDAR, and others. Based on application, the military laser systems market can be segmented into defense and homeland security. In terms of geography, the military laser systems market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. North America is expected to be a highly attractive region contributing to the military laser systems market owing to significant research and development investment for military laser systems in the region.

Prominent players operating in the military laser systems market include American Laser Enterprises, LLC, Aculight Corp, BAE Systems, Inc., Coherent, Inc., Frankfurt Laser Company, Newport Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon International Inc., The Boeing Company, Thales S.A., UTC Aerospace Systems, Kratos Defense & Security Solutions, Inc. and Quantel Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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