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The military laser systems market share is expected to increase by USD 2.15 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.36%.
This military laser systems market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers military laser systems market segmentation by product (laser weapon systems, laser target systems, and laser radar systems) and geography (North America, APAC, Europe, the Middle East and Africa, and South America). The military laser systems market report also offers information on several market vendors, including American Laser Enterprises LLC, BAE Systems Plc, Coherent Inc., Dynetics Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., MBDA, MKS Instruments Inc., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corp., Rheinmetall AG, Thales Group, The Boeing Co., and Newport Corp. among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the military laser systems market. During the COVID-19 pandemic, the military laser systems market demand has been impacted significantly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Military Laser Systems Market Driver
The focus on the development of laser-based communication is one of the key factors driving the growth of the global military laser systems market. Military communication requires a high level of confidentiality as it revolves around significant tactical and strategic operations. Currently, the majority of such communications are carried out through radio frequencies that have limited radio spectrums. This hinders their large-scale application in the military sector and, therefore, defense establishments are focusing on the development of laser networks that provide higher bandwidth. For instance, TALON (Tactical Line-of-Sight Optical Network), a laser-based communication system, was developed in 2013 under a Future Naval Capabilities program funded by the Office of Naval Research in the US. This type of development has proved that laser communications can operate up to a thousand times faster than conventional radio-frequency-based communication systems. The higher-frequency wavelengths of the electromagnetic spectrum eliminate the need to use congested radio-frequency bands. Also, the technology provides higher security as laser beams have a low probability of interception.
Key Military Laser Systems Market Trend
The emergence of the directed-energy atmospheric lens concept will fuel the global military laser systems market growth. The Laser Developed Atmospheric Lens (LDAL) concept was revealed in January 2017 by experts at the military facility of BAE Systems in Warton, Lancashire. This LDAL concept has been evaluated by the Rutherford Appleton Laboratory (operated by the Science and Technology Facilities Council) and an optical sensors specialist company LumOptica. It works by temporarily and reversibly simulating a naturally occurring phenomenon that changes the Earth’s atmosphere into a lens-like structure to magnify the path of electromagnetic waves, such as light and radio signals. LDAL is a very complex and innovative concept that mimics two existing natural phenomena, namely, the reflective properties of the ionosphere and desert mirages. LDAL simulates both these effects by using a high-pulsed power laser system and a phenomenon in physics called the Kerr Effect to temporarily and reversibly ionize or heat a small region of the ionosphere in a structured way. This can create atmospheric lenses and mirrors by exploiting the laws of refraction, reflection, and diffraction.
Key Military Laser Systems Market Challenge
The limitations of current laser weapon systems are a major challenge for the global military laser systems market growth. Lasers beams travel at the speed of light, which is faster than the speed of any physical object and can hit the target within fractions of a second. However, before the laser beam is directed at a target, the targeting system of the weapon must locate the target. The weapon’s tracking system then guides a beam in the direction of the motion or projectile of the target and must hold it at a precise point on the target for a long-enough duration to burn a hole through it. As some weaponized attack systems, such as Cruise missiles and ballistic missiles, travel at very high speeds, current laser weapon systems fail to fix the precise point on such targets. These limitations have proved to be a challenge to the deployment of laser weapon systems against advanced weapon systems. A significant amount of investments, R&D, and innovations are being focused on the advancement of current laser weapon system technologies. This will lead to the development of more capable laser weapon systems, but it will also increase the cost of such technologies.
This military laser systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global military laser systems market as a part of the global aerospace and defense market within the global capital goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the military laser systems market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the military laser systems market encompasses successful business strategies deployed by the key vendors. The military laser systems market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report military laser systems market contains comprehensive market knowledge and an in-depth vendor landscape added on to an analysis of the key vendors.
Our In-house experts produce extensive information on the value chain and parent market of the military laser systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profits and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
The value chain of the global capital goods market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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37% of the market’s growth will originate from North America during the forecast period. The US is the key market for the military laser systems market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The focus on the development of laser-based communication will facilitate the military laser systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
During the outbreak of the COVID-19 pandemic in early 2020, the aerospace and defense industry experienced a slowdown in demand for orders and disruptions in production operations as customers deferred the delivery of new aircraft and workers were sent home due to the imposition of lockdowns. On the defense side, contractors were better positioned, as the impact of COVID-19 was less in the short-term to mid-term than in aerospace. However, in 2021, the initiation of large-scale vaccination drives led to the lifting of lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period
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The military laser systems market share growth in the Laser weapon systems segment will be significant during the forecast period. The development of laser weapon systems has been prioritized by the defense departments of many countries around the globe. Many developed countries, like the US and Russia, have already developed laser weapon systems that can be deployed for live operations. Due to the above factors, the market will grow during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the military laser systems market size and actionable market insights on the post-COVID-19 impact on each segment.
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Military Laser Systems Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.36% |
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Market growth 2022-2026 |
$2.15 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.92 |
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Regional analysis |
North America, APAC, Europe, the Middle East and Africa, and South America. |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, Saudi Arabia, China, Russia, and the UK |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
American Laser Enterprises LLC, BAE Systems Plc, Coherent Inc., Dynetics Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., MBDA, MKS Instruments Inc., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corp., Rheinmetall AG, Thales Group, The Boeing Co., and Newport Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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