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Military Laser System Market worth $8.85 billion by 2030, growing at a CAGR of 7.63% - Exclusive Report by 360iResearch

03-13-2024 08:30 AM CET | Aerospace & Defense

Press release from: 360iResearch

Military Laser System Market | 360iResearch

Military Laser System Market | 360iResearch

The "Military Laser System Market by Product (3D Scanning, Laser Altimeter, Laser Designator), Technology (Chemical Laser, CO2 Laser, Fiber Lasers), Application, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Military Laser System Market to grow from USD 5.29 billion in 2023 to USD 8.85 billion by 2030, at a CAGR of 7.63%.

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Military laser systems are advanced technologies designed to enhance precision, targeting, and communications within the armed forces. These systems play a crucial role in various aspects of modern warfare, including target designation, guidance for smart weapons, missile defense, and direct-energy applications. The growing demand for secure and high-speed communication solutions and an increase in the adoption of airborne laser mine detection systems, which play a vital role in enhancing safety and efficiency during military operations, surges the use of laser systems in the military sector. Furthermore, defense budgets have increased across numerous countries, allowing for greater investment in advanced technologies such as military laser systems. The adverse impact of environmental conditions on laser systems' functionality and performance and problems related to compliance with regulations hinder market growth. However, improvements in laser technology offer promising prospects for improving military laser systems' capabilities and addressing current limitations, and investments in space-based defense applications that leverage advanced laser technologies for efficient satellite management or potential missile defense mechanisms are expected to boost the use of military laser systems.

In the Americas, military laser systems have become increasingly significant in enhancing defense capabilities and ensuring national security with the increasing development of advanced technologies for various purposes, such as target designation, missile defense, counter-drone operations, and directed energy weapons. In recent years, countries such as the United States, Canada, Brazil, and others have invested heavily in the research and development of state-of-the-art laser systems to strengthen their armed forces. In the Asia-Pacific region, military laser systems have gained significant importance in recent years, with economies including China, India, South Korea, and Australia increasing their military spending to enhance their infrastructure. In the EMEA region, military laser systems have been increasingly integrated into the armed forces strategic operations to enhance their defense and offensive capabilities. European countries such as Russia, the United Kingdom, France, Germany, Italy, and Spain continuously invest in developing state-of-the-art laser technology for their military forces. Developing economies in the region, including South Africa, have actively participated in international defense collaborations focused on researching new laser technologies. Moreover, technological advancements through research efforts of market players to improve the functionalities of military laser systems are expected further to boost market growth in the coming years.

Market Segmentation & Coverage:

This research report categorizes the Military Laser System Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product, market is studied across 3D Scanning, Laser Altimeter, Laser Designator, Laser Range Finder, Laser Weapon, LIDAR, and Ring Laser Gyro. The Laser Weapon is projected to witness significant market share during forecast period.

Based on Technology, market is studied across Chemical Laser, CO2 Laser, Fiber Lasers, Semiconductor Laser, and Solid-State Lasers. The Chemical Laser is projected to witness significant market share during forecast period.

Based on Application, market is studied across Directed Energy Weapons, Guidance Systems, Laser Sights, Designators & Rangefinders, and Navigation, Guidance & Control. The Directed Energy Weapons is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Defense and Homeland Security. The Homeland Security is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 41.70% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Military Laser System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Military Laser System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Military Laser System Market, highlighting leading vendors and their innovative profiles. These include BAE Systems PLC, Coherent, Inc. by II-VI Incorporated, Continental AG, Elbit Systems Ltd., General Atomics, General Dynamics Corporation, Hanwha Corporation, Hensoldt AG, Israel Aerospace Industries Ltd., Kawasaki Heavy Industries Ltd., Kratos Defense & Security Solutions, Inc., L3Harris Technologies, Inc., Leidos, Inc., Leonardo Electronics US, Inc., Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Power Technology, Inc., QinetiQ Limited, Rafael Advanced Defense Systems, Raytheon Technologies Corporation, Rheinmetall AG, Rostec, Saab AB, Safran S.A., Textron Inc., Thales Group, and The Boeing Company.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Military Laser System Market, by Product
7. Military Laser System Market, by Technology
8. Military Laser System Market, by Application
9. Military Laser System Market, by End-User
10. Americas Military Laser System Market
11. Asia-Pacific Military Laser System Market
12. Europe, Middle East & Africa Military Laser System Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Military Laser System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Military Laser System Market?
3. What is the competitive strategic window for opportunities in the Military Laser System Market?
4. What are the technology trends and regulatory frameworks in the Military Laser System Market?
5. What is the market share of the leading vendors in the Military Laser System Market?
6. What modes and strategic moves are considered suitable for entering the Military Laser System Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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