Latest News: Global Military Laser System Market is projected to reach a value of over USD 7.8 billion by 2027

MILITARY LASER SYSTEM MARKET: Summary

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.

MILITARY LASER SYSTEM MARKET: Drivers & Opportunities

Market Driver:

• Increasing Investments in Research & Development of Laser Weapons

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.

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Market Opportunities:

• Increasing Demand for Directed-Energy Weapons

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.

MILITARY LASER SYSTEM market: Key segments

• Based on type: CO2 Laser, Semiconductor Laser, Fiber Laser, Solid-State Laser, and Chemical Laser
• Based on product: Laser Rangefinders, Laser Warning Systems, Fire Control Systems, LiDAR, Laser Weapons, Pointers, and Others
• Based on application: Defense, Homeland Security
• Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa, and South America with individual country-level analysis.

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MILITARY LASER SYSTEM MARKET: Report SCOPE

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 FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2018–2027Base Year for Market Calculation2019Forecasted Period2020–2027 (2020 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million)Segments IncludedType, Component, and ApplicationRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY Companies Covered

• BAE Systems (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• FLIR Systems, Inc.
• Lockheed Martin Corporation
• Saab AB
• Safran
• Raytheon Company.
• Thales Group
• Elbit Systems Ltd.
• Northrop Grumman Corporation
• L3Harris Technologies, Inc.
• Other Key Companies

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MILITARY LASER SYSTEM MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Military Laser System Market, by Type

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

Military Laser System Market, by Component

• Laser Rangefinders
• Laser Warning Systems
• Fire Control Systems
• LiDAR
• Laser Weapons
• Pointers
• Others

Military Laser System Market, by Application

• Defense
• Homeland Security

Military Laser System Market, by Region

• North America
• US
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Rest of Asia-Pacific
• Europe
• Germany
• UK
• France
• Italy
• Rest of Europe
• Middle East & Africa
• Saudi Arabia
• UAE
• Rest of Middle East & Africa
• South America
• Brazil
• Argentina
• Rest of South America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 Global Military Laser System Market By Type, Market Size In Usd Million (2019–2027)

7 Global Military Laser System Market By Product, Market Size In Usd Million (2019–2027)

8 Global Military Laser System Market By Application, Market Size In Usd Million (2019–2027)

9 Global Military Laser System Market By Region, Market Size In Usd Million (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

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