Stratview Research has published a new report titled “Military Laser Systems Market” which is segmented b by Product Type (Laser Designator,  Lidar, 3D Scanning, Laser Weapon,  Laser Range Finder, Ring Laser Gyro, and Laser Altimeter), by Application Type (Homeland Security, Defense), by Technology Type (Fiber Laser, Solid-State Laser, Chemical Laser, CO2 Laser, and Semiconductor Laser), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, military Laser Systems Market is likely to witness an impressive CAGR of 9.2% during the forecast period. Growing use of high-speed laser in communication networks and demand for highly precise weapons are the major driving factors contributing to the growth of the global military laser systems market. Further, progressions in commercial technologies present fresh growth opportunities for the market players operating in the global military laser systems market.

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Based on the product type, the market is segmented as laser designator, lidar, 3D scanning, laser weapon, laser range finder, ring laser gyro, and laser altimeter. The 3D scanning segment is estimated to register the highest growth during the forecast period. Currently, the laser weapon segment is commanding the market, which comprises high energy laser technologies and are of three types - chemical lasers, solid-state laser, and Free Electron Laser (FEL).  

Based on the application type, the market is segmented as homeland security and defense. The defense segment dominated the market in 2018, and is expected to continue its dominance during the forecast period.

Which Region is expected to remain the largest market?

In terms of regions, the military laser systems market is commanded by North America, followed by Europe, Asia-Pacific, the Middle East, and rest of the world (RoW). The Middle East is one of the top five defense markets in the world, and it is estimated that the Middle Eastern defense expenditure would rise by fourfold in the subsequent times. The military laser systems market is growing in the Middle East, as it could pace up force protection against unmanned aerial vehicles or rocket, artillery, small boat swarms, mortar or missile attack. This has enabled the Middle Eastern region to become the fastest-growing region in the market during the forecast period.

Who are the Key Players in the Market?

This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Military Laser Systems Market:

  • American Laser Enterprises, LLC
  • BAE Systems PLC
  • Coherent Inc.
  • Frankfurt Laser Company
  • Lockheed Martin Corporation
  • Newport Corporation
  • Northrop Grumman Corporation
  • Quantel
  • Raytheon Company

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