The report "Military Laser Systems Market by Application (Weapons and Non-weapons), Technology (Solid-state Laser, Fiber Laser, Semiconductor Laser, Gas Laser, Liquid Laser, Free-electron Laser), Platform, End Use, Output Power - Global Forecast to 2028" The Military Laser Systems Market is estimated to be USD 5.0 billion in 2023 and is projected to reach USD 7.5 billion by 2028, at a CAGR of 8.7% during the forecast period. The driving factor for the military Laser systems market is the significant investments in modern weapon systems by governments. Laser technology is widely used in military communication systems, directed energy weapon systems, and target designation and ranging system among other to enhance the military mission success rate by providing target whereabout, protecting army personnel, and countering and destroying the target.
Browse 250 market data Tables and 61 Figures spread through 262 Pages and in-depth TOC on "Military Laser Systems Market by Application (Weapons and Non-weapons), Technology (Solid-state Laser, Fiber Laser, Semiconductor Laser, Gas Laser, Liquid Laser, Free-electron Laser), Platform, End Use, Output Power - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/military-laser-systems-market-154285551.html
Based on platform, the naval segment is expected to grow at the highest CAGR during the forecast period.
The platform segment has been segmented into land, airborne, naval, and space. The growth of naval segment can be attributed to the increasing development of shipboard weapon system to strengthen maritime border security. For instance, in August 2020, Lockheed Martin Corporation (US) delivered Helios, an advanced 60+ kW-class high-energy laser weapon solution, to the US Navy to enhance their naval capabilities.
Based on application, the weapons segment is projected to grow at the highest CAGR during the forecast period.
Weapons segment is projected to grow at the highest CAGR in the military laser systems market. The growth of this segment is attributed to the growing disagreement with neighboring nations. This factor led to an increase in demand for modern weaponry.
The weapons segment has been further classified into lethal and nonlethal weapons. The lethal weapon have ability to kill or destroy land, naval and aerial threats.
Based on technology, the fiber laser technology is expected to grow at the highest CAGR during the forecast period.
The technology segment has been segmented into solid-state laser, fiber laser, semiconductor laser, gas laser, liquid laser, and free-electron laser. Among these, fiber laser witness strong growth during the forecast period. Fiber lasers are highly compact, robust, efficient, low maintenance, reliable, and long-lasting high-energy lasers. It is widely used in directed energy weapons. The applications of fiber lasers typically include tactical directed energy and power beaming. Electrical fiber lasers can be spectrally combined to produce a high-power, weapon-grade beam, as demonstrated by Lockheed Martin Corporation (US).
Based on region, the North America accounted for largest share in the base year.
The North America region dominated the military laser systems market in 2020. The large share of North America military laser systems market is due to the increased concern over aerial threats and increased defense spending on research and development activities related to laser weapons. The North American military laser systems market includes the US and Canada. The US contributed the largest share to the North America military laser systems market in 2022 due to the increased production, testing, and demonstration of 300+ kW high-energy laser integrated military systems in the country.
Major players operating in the military laser systems market include Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (France), and BAE System plc (UK) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Don’t miss out on business opportunities in Military Laser Systems Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441