Military Laser Systems Market 2024-2028
The military laser systems market is forecasted to grow by USD 1685.3 mn during 2023-2028, accelerating at a CAGR of 5.9% during the forecast period. The report on the military laser systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by focus on developing laser-based communication, development and procurement of laser weapons by emerging countries, and increasing success rates of laser systems.
Technavio's military laser systems market is segmented as below:
- By Product Type
- Laser weapon systems
- Laser radar systems
- Laser target designators
- By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the emergence of directed-energy atmospheric lens concept as one of the prime reasons driving the military laser systems market growth during the next few years. Also, development of miniature laser designators for uavs and use of laser weapons in future air combat operations will lead to sizable demand in the market.
The report on the military laser systems market covers the following areas:
- Military Laser Systems Market sizing
- Military Laser Systems Market forecast
- Military Laser Systems Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading military laser systems market vendors that include BAE Systems Plc, Coherent Corp., Dynetics Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., MBDA, MKS Instruments Inc., Newport Corp., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Rheinmetall AG, RTX Corp., Saab AB, Safran SA, Thales Group, and The Boeing Co.. Also, the military laser systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.