Contemporary military operating environment needs a wide range of tools to respond to a numerous regular and irregular threats. Also, in certain cases, conventional weapons have proved to be inadequate and therefore their dominance is slowing fading away with technological developments. As a result, countries across the world that are trying to seek predominance in military terms are allocating time and resources to make optimum use of laser technology in weapons and other systems for military applications on land, air, space, maritime, and battlefield. Therefore, the military laser systems market is expected to be driven by the development of laser systems during the forecast period.
Previously, most laser weapons needed a large power supply that were stuck to a permanent base. However, owing to advancements in laser technology, the systems have become small and powerful to serve military applications efficiently. Also, these days, they have unlimited firing capacity and do not need deployed expensive ordinance to operate. Thus, the laser technology available today require no ammunition and can defend lightweight ground vehicles, small sized drones, small attack boats and rockets.
Key factor driving the growth of the military laser systems market include the increasing awareness of the potential of laser systems in military applications and high investment for its successful execution. Also, several countries are benefitting from low volume and light-weight military laser systems such as laser rangefinders and target designators, thus encouraging others to implement the same and driving the market further.
Restraint affecting the military laser systems market include the need of generation of high power systems while considering mobility and cost factors. However, high research and development budget of military sector is expected to result in a rich diversity of military laser systems resolving the limitation in the long term.
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New opportunity anticipated to boost the military laser systems market include the increasing demand for directed-energy weapons in military applications. These systems are compact and power-efficient and can strike unlimited bullets with the speed of light. They are also capable of stopping air, land, and sea targets in their path. Thus, they are expected to prove as a complementary weapon in battlefields specifically effective in disabling rockets and drones. Leading companies such as Raytheon International Inc.
The military laser systems market can be segmented basis on technology, product type, application, and geography. In terms of technology, the military laser systems market can be classified into chemical laser, CO2 laser, fiber laser, semiconductor laser, and solid-state laser. On the basis of product type, the military laser systems market can be divided into laser altimeter, laser weapon, laser designator, laser range finder, LIDAR, and others.
Based on application, the military laser systems market can be segmented into defense and homeland security. In terms of geography, the military laser systems market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America. North America is expected to be a highly attractive region contributing to the military laser systems market owing to significant research and development investment for military laser systems in the region.
Prominent players operating in the military laser systems market include American Laser Enterprises, LLC, Aculight Corp, BAE Systems, Inc., Coherent, Inc., Frankfurt Laser Company, Newport Corporation, Northrop Grumman Corporation, Lockheed Martin Corporation, Raytheon International Inc., The Boeing Company, Thales S.A., UTC Aerospace Systems, Kratos Defense & Security Solutions, Inc. and Quantel Inc.
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