Thursday, June 9th, 2016

The analysts forecast global military laser systems market to grow at a CAGR of 8.2% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global military laser systems market for 2016-2020. To calculate the market size, the report considers the revenue generated in the overall market. It also presents the market segmentation based on application (defense and homeland security), technology (SSL, fiber laser, chemical laser, semiconductor laser, and Co2 laser) and geography (Americas, EMEA, and APAC).

The following companies are the key players in the global military laser systems market: BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon, and Thales Market. Other Prominent Vendors in the market are: American Laser Enterprises, BAE Systems Aculight, Coherent, Frankfurt Laser, and Quantel.

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According to the military laser systems market report key growth driver is the increasing demand for laser systems. Laser systems play a vital role in military applications, especially in the battlefield where precise systems are required. Due to its high intensity, very low divergence, and high targeting accuracy, it can target hostile vehicles from a long distance. For instance, the mid-body design of APKWS can transform unguided Forges de Zeebrugge (FZ) rockets into precise weapons.

The global military laser systems market analyst said a trend which will propel market growth is the evolution of HEL. Changing warfare strategies have led to significant developments in non-lethal weapons and lethal weapons. The HEL weapons have stepped up the military capabilities to counter surface and air threats such as small boats and UAVs with high precision. The energy released from HEL delivers to the target at a speed of light and much faster compared to other missiles. Such advantages have generated strong demand for HEL and increased its funding in the market. In the US, lasers receive more funding than other DEWs.

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Global Military Laser Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Military laser systems are future communication and weapon systems that will change the course of warfare strategies. The emergence of high-energy laser (HEL) systems has transformed the use of lethal and non-lethal weapons. Different forms of laser technologies such as solid-state, fiber, chemical, semiconductor, and Co2 lasers are being used for defense and homeland security applications. They are increasingly employed in military operations for:

  • Blinding troops
  • Electro-optical countermeasures (EOCM)
  • Free-space communications
  • Guiding munitions
  • Marking targets
  • Missile defense

Further, the report states that one challenge that could hamper market growth is budget cuts in military laser spending. Budget cuts have not only delayed the testing of military equipment but also affected many science and technology (S&T) programs and impinged deliveries, causing cancellation or delay of future systems development, technology, and demonstrations.

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