Market Overview

Global Military Laser Systems Market is estimated to grow significantly and get valued around USD 6.53 Billion by 2025, recording a CAGR of 8.87%. The growth of the target market is attributed to various factors such as the rapid advancements in the laser technologies, rising investments in the defense sectors of different nations like the US, China, Russia, & India, and the advantages that this technology offers in various industries.

Recent developments

• The Boeing Company has landed on a modernizing contract with US Air Force in 2020.

• Kratos Defense & Security Solutions, a specialized entity in directed-energy weapons, unmanned systems, satellite communications, cybersecurity/warfare, microwave electronics, missile defense, training, and combat systems, has upgraded to “Buy” at BidaskClub.

Market drivers and restraints

The rising awareness of the capability of laser systems in military applications, coupled with the increasing investments for their successful execution is the primary factor that propels the growth of the global Military Laser Systems Market. Also, the growth of the target market is attributed to benefitting of several countries, from lightweight and low volume military laser systems, like laser rangefinders and target designators, thus encouraging others to execute the same.

The rising demand for the directed-energy weapons in military applications which are compact and power-efficient and can strike numerous bullets with light speed and are capable of stopping air, land, and sea targets in their path are expected to prove as a complementary weapon in battlefields, specifically useful in disabling rockets and drones, which is creating opportunities in the market.

However, the demand for the generation of high-power systems that are integrated with mobility and cost factors are the restraints that are expected to challenge the global military laser systems market. But the increasing research and development budget of the military sector is estimated to result in resolving the limitations of these military laser systems in the long term with a rich diversity in it.

Report Segmented as

Military Laser Systems Market, by Product

• Laser Designator
• LIDAR
• 3D Scanning
• Laser Weapon
• Laser Range Finder
• Ring Laser Gyro
• Laser Altimeter

Military Laser Systems Market, by Application

• Aerospace
• Defence
• Homeland Security

Military Laser Systems Market, by Technology

• Fiber Laser
• Solid-State Laser
• Chemical Laser
• CO2 Laser
• Semiconductor Laser

Geographical Analysis

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

In the regional analysis, North America held the major share of the global military laser systems market owing to the high investments in the defense forces of the developed nations like the US and the positive infrastructure in establishing the new players in the market. But in the forecast period, the Middle East is anticipated to grow in a significant manner owing to the increase in the need of the military laser systems.

Key market players

• 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.
• Quantel Inc.