Military Laser Systems Market Report

Market Insights

Military Laser Systems Market is likely to grow from USD 3.65 billion in 2021 to USD 6.71 billion by 2028 at an impressive CAGR of 9% during the forecast period of 2022-2028.

What are military laser systems?

Military Laser Systems are one of the modern ways that help in a number of applications areas such as homeland security or defense.

Military Laser Systems are applicable through a number of technologies such as fiber laser, solid-state laser, chemical laser, CO2 laser, and others. Laser designator, lidar, 3D scanning, and others are some of the common products of military laser systems.

Market Drivers

Growing use of high-speed laser in communication networks and demand for highly precise weapons are the major driving factors contributing to the growth of the global military laser systems market. Further, progressions in commercial technologies present fresh growth opportunities for the market players operating in the global military laser systems market.

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Segments' Analysis

By Product Type

Based on the product type, the market is segmented as laser designator, lidar, 3D scanning, laser weapon, laser range finder, ring laser gyro, and laser altimeter. The 3D scanning segment is estimated to register the highest growth during the forecast period. Currently, the laser weapon segment is commanding the market, which comprises high energy laser technologies and are of three types - chemical lasers, solid-state laser, and Free Electron Laser (FEL).   

By Application Type

Based on the application type, the market is segmented as homeland security and defense. The defense segment dominated the market in 2021 and is expected to continue its dominance during the forecast period.

By Region

In terms of regions, the military laser systems market is commanded by North America, followed by Europe, Asia-Pacific, the Middle East, and rest of the world (RoW). The Middle East is one of the top five defense markets in the world, and it is estimated that the Middle Eastern defense expenditure would rise by fourfold in the subsequent times. The military laser systems market is growing in the Middle East, as it could pace up force protection against unmanned aerial vehicles or rocket, artillery, small boat swarms, mortar or missile attack. This has enabled the Middle Eastern region to become the fastest-growing region in the market during the forecast period. 

Market Scope & segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The military laser systems market is segmented into the following categories. 

By Product Type:

• Laser Designator
• Lidar
• 3D Scanning
• Laser Weapon 
  • (Product Type Analysis: Chemical Laser, Solid-State Laser, and Free-Electron Laser (FEL))
• Laser Range Finder
• Ring Laser Gyro
• Laser Altimeter

By Application Type:

• Homeland Security
• Defense

By Technology Type:

• Fiber Laser
• Solid-State Laser
• Chemical Laser
• CO2 Laser 
• Semiconductor Laser

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Key Players

Some of the major players in the military laser systems market are-

• American Laser Enterprises, LLC
• BAE Systems PLC
• Coherent Inc.
• Frankfurt Laser Company
• Lockheed Martin Corporation
• Newport Corporation
• Northrop Grumman Corporation
• Quantel
• Raytheon Company

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.