The Global Military Laser System Market is projected to reach a value of over USD 7.8 billion by 2027 at a CAGR of around 9.1%.
Laser technology has observed great advancement over last decade. This technology is used for wide range of applications including industrial manufacturing, medical devices, military, electronics, and many more. CO2 lasers, semiconductor lasers, fiber lasers, and solid state lasers are the types of lasers which are mainly used for laser weapon system, fire control system, laser weapon systems, and laser rangefinders. The main goal of laser system is to develop next generation laser weapon systems which are lighter, flexible, and more compact than existing laser weapon systems. BAE Systems, FLIR Systems, Inc., Lockheed Martin Corporation, and Saab AB are the key players in the military laser system market.
Market Driver:
In recent years, leading countries of every region are highly investing in research & development of laser weapon system for defense, homeland security, border security, and many other. According to the Global Terrorism Index (GTI), terrorists killed 15,952 people in 2018 across the world. In terms of reducing terrorist attacks, the country made new laser technologies for detecting the explosives and finding and attacking on terrorist squad. Due to increasing terrorism and conflicts, the government organizations are partnering with private companies to provide various products, services, and solutions and are increasing research & development capabilities to develop new technological products.
Market Opportunities:
Direct energy weapons are the systems that produce a beam of concentrated atomic or electromagnetic energy which is used to kill, incapacitate, or injure. This system is also used to degrade, damage, incapacitate or destroy objects. Directed-energy weapons reach to set target with the speed of light, cost less per shot and track targets with precision far beyond traditional kinetic weapons. These attributes make directed energy capable of combating a variety of evolving threats.
Hence, demand for direct energy weapons are expected to boost the market during the projected period.
The report on the military laser system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Type, Component, and Application |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Military Laser System Market, by Type
Military Laser System Market, by Component
Military Laser System Market, by Application
Military Laser System Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE MILITARY LASER SYSTEM MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY