Military Laser Systems Market Size
Military Laser Systems Market size was around USD 4 billion in 2022 and will witness more than 5% CAGR during the period between 2023 and 2032.
Military laser systems demand is driven mainly by a sharp growth in geopolitical unrest and terrorist threats across the globe. The industry is growing due to the broadening application of different laser military solutions, like offensive laser systems, perimeter intruder detection systems, laser countermeasure systems, threat reduction and weapon guidance apps.
To receive major market trends
The increasing defense investments along with the emergence of a wide range of military modernization programs are contributing to the increased growth of military laser systems markets. The new trend of Communication Navigation Surveillance (CNS) systems to create greater situational awareness and minimize the workload on the military crew is driving military laser system demand.
Military Laser Systems Market Report Attributes
Report Attribute Details
Base Year 2022
Military Laser Systems Market Size in 2022 USD 4 Billion
Forecast Period2023 to 2032
Forecast Period 2023 to 2032 CAGR5%
2032 Value ProjectionUSD 9 Billion
Historical Data for2018 – 2022
No. of Pages279
Tables, Charts & Figures340
Segments coveredProduct, Application, Technology, End-Use, and Region
Growth Drivers
Advancements in Laser Technology
Growing Demand for Precision and Effectiveness
Increasing Need for Enhanced Defense Capabilities
Technological Advancements in Beam Control and Power Efficiency
Pitfalls & Challenges
Cost and Affordability
Countermeasures and Vulnerabilities
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Direct-to-diode sources that are rugged are utilized in military laser systems for enduring the significant shock and vibration to be employed in harsh conditions. Military lasers are employed in confusing & dazzling the enemy across applications like target systems, night vision devices, distraction devices, and psychological warfare. The developments in kilowatt laser combination methods, beam control technology for energy adjustments, and Artificial Intelligence (AI) utilization are likely to boost the demand for laser-directed weapons.
Laser beams travel to their destination in nanoseconds since they travel at the speed of light, which is quicker than the speed of any physical object. Additionally, the targeting system of the weapon has to first locate the target before the laser beam can be aimed at it. The tracking system of the weapon then fixes a beam in the direction of the movement or projectile of the target and keeps it there for sufficient time to create a hole in the target.
COVID-19 Impact
The aerospace & defense industry experienced a drop in demand and production activities during the COVID-19 pandemic as new aircraft delivery was postponed and workers were sent home because of the imposition of lockdowns. Defense contractors were better off as the pandemic had a lesser short- to mid-term effect compared to the aerospace sector. Though, with the advent of vaccination camps in 2021, the lockdowns as well as movement restrictions were also removed, accordingly leading to restarting supply chain activity.
Military Laser Systems Market Trends
Technological advancements and accelerated R&D activities are expected to support market development. Military lasers are accurate to be used with long-range weapons. The use of these systems is also done for laser communications. Lasers, in the context, output short pulses using low energy requirements. Laser systems are utilized in military uses to safeguard troops within the field from artillery, military drones, and missiles. Military lasers don’t produce tiny sonic booms, aren’t audible, and can’t be sensed by human beings. This is boosting the call for military laser systems, which is projected to drive the market growth.
Military Laser Systems Market Analysis
Discover more about the most important segments defining this market
In the military, laser systems are a major deal. They can be employed to do just about anything, from blocking enemy lasers, communicating with other allies, to targeting targets. Of all the things they can do, communication systems are the most demanded. They’re needed because current warfare is all about sharing loads of information. Laser communication systems are ideal for this since they are capable of transmitting data at a much higher rate than conventional radio systems. This implies that ground soldiers can transmit and receive quality video, sensor information, and other critical information in real time.
On the basis of product, the military laser systems market is categorized into laser designator, LiDAR, 3D scanning, laser weapon, laser range finder, ring laser gyroscope, and laser altimeter. The 3D scanning segment to register growth at almost 4% until 2032. 3D scanning creates a three-dimensional image of an object through the use of airborne laser technology. It is applied in surveying, mapping, and measuring objects in inaccessible locations. The military uses this technology for target acquisition, navigation, and surveillance. These benefits will raise the demand for 3D scanners.
Discover more about the major segments influencing this market
In the year 2022, defence projects received fifty percent of all the world’s expenditure on defence and aerospace. This sector will continue to develop until 2032 due to the fact that nations require guns that can reach targets from far away. America, China, Russia, and India are particularly concerned about getting attacked with ballistic missiles that deliver nuclear weapons. To defend themselves, they’re creating lasers that can be launched from planes to take out missiles. Other nations, such as France and Israel, have also invested a lot of time and capital into building their militaries. Because there’s more tension in the Asia-Pacific region, these nations should become huge markets for defense goods.
Europe military laser systems market is expected to register a CAGR of more than 8% during the forecast period 2023-2032. The government’s growing focus on strengthening military equipment and laser weapon technologies by companies are fueling market growth in Europe. Local market players are investing heavily in R&D initiatives to create new products. By forming partnerships with leading manufacturers and governments, the region’s countries are developing advanced weapons to improve their defense and military. The market is growing due to rising interest in laser weapon systems and the expansion of awareness of their potential capabilities.
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Military Laser Systems Market Share
Some major players operating in the military laser systems market are
- BAE Systems PLC
- Boeing
- Coherent Corp
- Elbit Systems
- L3Harris Technologies, Inc.
- Leonardo S.p.A.
- Lockheed Martin Corporation
- MBDA
- Newport Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- SAFRAN SA
These players focus on strategic partnerships and new laser communication system launches for market expansion. They are heavily investing in research to introduce innovative products and garner maximum revenue in the market.
