Military Laser Systems Market – Market Overview
According to a recent study report published by the Market Research Future, Globally, the market for Military Laser Systems has increased its market growth in recent years and is expected to grow at a rapid pace during the forecast period (2017 – 2021). The global market of Military Laser Systems is forecasted to witness a thriving growth by 2021, surpassing its previous growth records in terms of value with a striking 10 % CAGR during the anticipated period (2017 – 2021).
Laser systems are widely in military and defense which includes rangefinders, illuminators, laser weapons, directed energy weapons and infrared countermeasures. Laser weapons are capable and utilized as both lethal and non-lethal weapons. Laser systems are also utilized for military communications, for example, laser-based ground to air communications, and other applications such as airborne laser mine detection, which provides a rapid wide-area mine detection capability. Also, there has been a huge spending on such military laser systems R&D programs.
Get Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/1388
The laser systems are being utilized for offensive as well as defensive operations by the military for various air, ground, naval and space operations. Laser based weapons are also used by different countries and is considered as the weapons of the future. This demand for military laser systems and mainly the laser based weapons has mostly helped the growth of the Global Military Laser Systems market. Also, the military and defense segment spends a substantial amount of budget on R&D and weapons development projects.
The emerging nations such as China and India have also largely put their effort in the development of laser systems for military applications, mainly the laser based weapons. In 2014, China unveiled its laser cannon system that could shoot down UAVs from more than a mile away with a very high accuracy. More than 40 percent of the China’s laser research and development capability is focused towards military applications. China has also been investing heavily in the development of advanced laser weapon system and had recently conducted its anti-satellite laser weapon test in 2014.
Similarly, the Indian Ministry of Defense has regrded the development of advanced weapon and DEWs as a top priority for its roadmap till 2020-2025. India has been working on the development of such laser weapons and aims to make it accessible to fighter aircrafts, naval destroyers and submarines by 2025. It is also working on DEWs to improve anti-ballistic missile capability. India’s LASTEC, a laboratory developing lasers and related technologies, belonging to the DRDO, has been working to develop such laser weapons for the Indian Armed Forces.
The laser systems are also expected to pave the way for next-gen weapon systems. The laser-based weapons could be used as a defense system for manned and unmanned aircrafts, to save it from heat-seeking missiles. DARPA in cooperation with Northrop Grumman and Lockheed Martin has been actively working towards the development of such systems. It aims to develop such laser weapons to defend the aircraft from EO/IR guided surface-to-air missiles. Ultimately, the goal is to develop a next-gen laser weapon system, that would be ten times lighter and more compact than the current high power chemical laser systems, and which could be mounted on a pod to the manned aircraft and UAVs.
Military Laser Systems Global Market – Key Players
Military Laser Systems market appears to be highly competitive. Key Players compete based on cost, product quality, reliability, and aftermarket service. To sustain in the market and to gain the competitive edge players operating in the market strive to offer cost-effective and high-quality laser systems with latest technology and materials. The market is expected to witness a rise in mergers and acquisitions, coupled with increased collaboration with alliance partners across the globe.
Profiled in MRFR Analysis some of the leading market players in the global Military Laser Systems market are Northrop Grumman, Coherent Inc., Lockheed Martin, Thales, Raytheon, American Laser Enterprises, BAE Systems PLC, Frankfurt Laser Company, Quantel, and Newport Corporation.
Recent Industry/ Innovation/ Related News:
March, 2018: Lockheed Martin was awarded a contract worth USD 26.3 million by U.S. Air Force Research Lab to provide a laser weapon that could be mounted on a fighter jet.
February, 2018: Lockheed Martin’s Aculight division was awarded a contract worth USD 150 million by the U.S. Navy to build a laser weapon and dazzler system.
August 2018: Northrop Grumman was awarded a contract worth USD 12.4 million by the U.S. Defense Logistics Agency to develop and deliver laser range finders.
January 2017: Dragonfire consortium, led by MBDA, was awarded a contract worth around USD 36.7 million (EUR 30 Million) by the Defence Science and Technology Laboratory (U.K) to develop laser weapons.
Early Diners Are Offered Free Customization- Up to 20%
Get Attractive Discount @ https://www.marketresearchfuture.com/check-discount/1388
Military Laser Systems Global Market – Segments
The Military Laser Systems Market can be segmented in to 3key dynamics for the convenience of the report and enhanced understanding;
Segmentation By Application : Comprises Military/Defense and Law Enforcement and others.
Segmentation By Technology : Comprises Laser Fiber, Solid Fiber, Chemical Laser, CO2 Laser, and others.
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
The key applications considered for the market study are defense and homeland security. The defense application segment held the largest share of the total military laser systems market in 2015 due to the increase in applications and technological requirements in lethal weapons for military forces, globally.
Military Laser Systems Market – Regional & Country Analysis
Americas is the leading region in military laser market with around 40% of market share as of 2015, followed by Asia Pacific and EME with a substantial market share. As per the MRFR analysis, the Americas Military Laser Systems market is poised to reach to astronomical amounts in 2021, to grow at a CAGR of around 5% during the forecasted period. EMEA and Asia Pacific regions will grow at a substantial CAGR.
With the increasing investment in several military and land programs to modernize its military and weapon systems, APAC is expected to register a significant growth in the forecast period. In 2015, North America accounted for the largest share of the military laser systems market. However, the Middle East region witnessed the highest growth rate in the military laser systems market in the coming years. This can be attributed to the enhancement in the force protection against small boat swarms, unmanned aerial vehicles or rocket, artillery, and mortar or missile attack in this region.
Scope Of Report
The market report for Military Laser Systems of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Ask for your specific company profile and country level customization on reports.
Get More Information on Military Laser Systems Market Research Report – Global Forecast to 2021 @ https://www.marketresearchfuture.com/press-release/global-military-laser-systems-market
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar