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Global Military Laser Systems Market to Expand at 8.2% CAGR during 2016-2020 due to Increased Demand from Defense Sector

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Published on : Jul 01, 2016

ALBANY, New York, July 01, 2016: A recent report on the global military laser systems market has been added to the repository of ResearchMoz.us. The report, titled “Global Military Laser Systems Market 2016-2020,” presents an overview of the market and identifies the key factors impacting its growth during the period between 2016 and 2020. The report projects the global military laser systems market to expand at a CAGR of 8.2% during this period. The market has been studied across a number of regions including the EMEA, the Americas, and APAC. Describing the competitive landscape, the report profiles some of the prominent players operating in the global military laser systems market.

A laser can cause severe damage with the heat produced through a focused light, destroying aircraft as well as artillery shells. In the military sector, a laser holds a number of advantages over conventional projectile weapons. A laser can move very fast – at the speed of light at 186,000 miles per second. Lasers are highly accurate and are not affected by environmental forces such as strong winds. All these factors have increased the popularity of lasers across the defense sector. 

The report finds that extensive research and ensuing technological advancements have propelled the growth of the global military laser systems market. However, budget cuts in the defense sector across nations might hamper the market’s growth during the forecast horizon. The emergence of high-energy laser (HEL) systems is expected to define the future of the global market. 

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In terms of application, the report segments the global military laser systems market into defense and homeland security. The defense sector is anticipated to dominate the market throughout the forecast period owing to the increased demand for laser weapons due to their accuracy and feasibility. The adoption of laser systems across the defense sector is expected to surge further for applications such as marking targets, electro-optical counter measures, free-space communications, and blinding troops.  

The report studies the global military laser systems market across the Americas, the EMEA, and APAC. In 2015, the Americas accounted for 41% of the overall market and emerged as the leading region. The rapid growth of this region can be attributed to the rising number of military research programs on laser weapons in the U.S. The U.S. Department of Defense is investing significantly on laser weapons owing to their precision and high power. 

Some of the key players in the global military laser systems market are Lockheed Martin, Raytheon, Thales Group, BAE Systems, Northrop Grumman, Coherent Inc., American Laser Enterprises LLC, Quantel, Frankfurt Laser Company, and Aculight. The global military laser systems market is anticipated to witness a number of mergers and acquisitions in the coming years. 

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