Global outlook of the laser defense eyewear market
According to Technavio’s market research analysis, the global laser defense eyewear market will grow at a CAGR of around 5% during the forecast period. The growing use of laser weapons in the defense sector is one of the key factors contributing to the growth of this market. Owing to the detrimental effects of laser weapons, which are capable of skin damage, eye injuries, and even death, several vendors are developing laser protection eyewear (LPEs). These glasses protect eyes from the damage caused by visible and invisible wavelengths of laser beams by filtering out the uni-frequency laser rays. Over the years, there has been significant developments in several commercial, industrial, medical, and scientific laser applications. The coherent and high monochromatic properties of laser have enabled these specialized applications across commercial sectors. As per government regulations and standards, the growing usage of laser has led to the simultaneous development of LPEs across end-user industries to protect eyes from harmful laser radiations.
The modern-day laser safety officers (LSOs) in the military, medical, and R&D applications are opting for high-performance LPEs. Such requirements have pushed market vendors to develop comfortable and stylish eyewear, with the required laser protection specifications, which the industrial workers, military personnel, and other customers would wear to combat potentially hazardous laser exposures. For instance, Honeywell has come up with stylish and comfortable LPEs for the armed troops, police, and law enforcement officers. These glasses are durable, scratch proof, and are available in multiple frame styles.
Competitive landscape and key vendors
Marked by an intensely competitive scenario, the global laser defense eyewear market comprises both international companies and small- and mid-sized vendors who are focusing towards developing cost-effective and high-quality LPEs that are equipped with the latest technologies. Gentex, Honeywell, PerriQuest, and Revision Military are the global players who occupy dominant positions in the market because of their efficient in-house manufacturing capabilities, global footprint network, product offerings, and a strong client base. Majority of the vendors in this market have adopted omni-channel strategies and compete with the international players in terms of cost, product quality, reliability, and aftermarket services. Rise in mergers and acquisitions and increased collaboration with allied partners around the world will drive the global laser defense eyewear market during the forecast period.
Leading vendors in the market are -
Other prominent vendors in the laser defense eyewear market include ESS, Laser Safety Industries, Metamaterial Technologies Inc. (MTI), and NoIR LaserShields.
Segmentation by application and analysis of the laser defense eyewear market
The military segment dominates the laser defense eyewear market and occupied more than 67% of the total market shares in 2015. The rising number of laser attacks had propelled several manufacturers to upgrade the military defensive equipment to help armed forces combat internal and external threats. The emergence of advanced laser weapons such as personal halting and stimulation response (PHASR) rifle and pulsed energy projectile (PEP) for better battlefield tactics, will contribute to the positive growth of this segment in the coming years.
Geographical segmentation and analysis of the laser defense eyewear market
In terms of geography, APAC will be the fastest growing region in the market and is anticipated to grow at a CAGR of more than 5% during the forecast period. Much of this region’s growth comes from the significant developments by China and Japan in manufacturing high-energy, solid-state laser (HEL) weapon. The vast development of laser weapons for the police, law enforcement personnel and armed troops will boost the growth prospects for the market in APAC.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global laser defense eyewear market?
What are the key market trends impacting the growth of the global laser defense eyewear market?
What are the challenges to market growth?
Who are the key vendors in the global laser defense eyewear market?
What are the market opportunities and threats faced by the vendors in the global laser defense eyewear market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global laser defense eyewear market?
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