Global Military Laser System Market Overview:
The military laser system is used in defense and homeland security, it includes laser designator, LIDAR, 3D scanning, laser weapon, laser range finder, ring laser gyro, laser altimeter, and others. It uses fiber laser, solid-state, chemical laser, CO2 laser, semiconductor laser technologies. The laser system should have the ability to target the electronics with its electromagnetic pulse. It has high efficiency, compact, lightweight fiber-based systems and also enables mission capabilities.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Consumption of Laser Weapon Military System
Market Growth Drivers:
Demand for the High Energy Lasers in Military Applications and Increasing Government Spendings on the MIlitary and Homeland Security Operations
Challenges:
High-Cost Investment in the Military Laser System
Restraints:
Stringent Regulatory Guidelines on the Export on Military Laser System
Opportunities:
Technological Advancements in the Military Laser System and Surging Demand for the Military Laser System in Defense Research and Development Application
Competitive Landscape:
Military Laser System market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Raytheon Technologies Corporation (United States), Coherent, Inc. (United States), Newport Corporation (United States), Lockheed Martin Corporation (United States), Thales Group (France), American Laser Enterprises, LLC (United States), Frankfurt Laser Company (Germany), BAE Systems plc (United Kingdom), Quantel (France) and Northrop Grumman Corporation (United States). Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Military Laser System market. Considering Market by Product, the sub-segment i.e. Laser Designator will boost the Military Laser System market.
Latest Market Insights:
On 16th December 2020, Rolls-Royce delivers a power system for US military laser guns. Rolls-Royce has delivered an upgraded power system for use in a laser weapon being developed by Lockheed Martin which will be integrated and field-tested next year. Rolls-Royce’s ColdFire standalone thermal management and power system has been delivered to Lockheed Martin and will be integrated into a 100kw directed energy system the company is developing. The weapon is expected to be tested on a range next year.
On 13th October 2020, General Atomics, Boeing to Collaborate on Advanced Laser Weapon System. San Diego-based General Atomics and Boeing announced they are collaborating on the development of a high-energy laser weapon system for air and missile defense. The companies said the “HEL” weapon system will produce 100-kilowatt beams that can be increased to 250 kilowatts for “combat-ready protection for the warfighter on an accelerated timeline.”
"The U.S. Department of Defense established a joint services group, the Laser Systems Safety Working Group (LSSWG), to coordinate laser safety issues within the DoD. The LSSWG requested FDA to reissue its earlier guidance to the industry on the subject of the DoD exemption. The LSSWG request was based on a concern that laser products not in compliance with the FDA standard are offered to various DoD purchasing authorities and procured without appropriate control measures implemented to assure the safest possible use. Laser product specifications must include, to the extent practicable, the safety features required by the FDA standard; Laser product specifications will be supplemented with safety controls specified by DoD, and DoD exempted laser products will be clearly identified through labeling."
What Can be Explored with the Military Laser System Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Military Laser System Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Military Laser System
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Military Laser System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Military Laser System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Military Laser System Manufacturers, Military Laser System Industry Association, Military Laser System International Traders, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.