Military Laser Systems Market 2018 Global Key Players:Lockheed Martin, Thales, Raytheon, American Laser Enterprises, BAE Systems PLC, Frankfurt Laser Company, Quantel, Newport Corporation, among others

Military Laser Systems Market – Market Overview

The leading market players in the global military laser systems market primarily include Northrop Grumman, Coherent Inc., Lockheed Martin, Thales, Raytheon, American Laser Enterprises, BAE Systems PLC, Frankfurt Laser Company, Quantel, Newport Corporation, among others.

Laser systems are widely in military and defense which includes rangefinders, illuminators, laser weapons, directed energy weapons and infrared countermeasures. Laser weapons are capable and utilized as both lethal and non-lethal weapons. Laser systems are also utilized for military communications, for example, laser-based ground to air communications, and other applications such as airborne laser mine detection, which provides a rapid wide-area mine detection capability. Also, there has been a huge spending on such military laser systems R&D programs.

The laser systems are being utilized for offensive as well as defensive operations by the military for various air, ground, naval and space operations. Laser based weapons are also used by different countries and is considered as the weapons of the future. This demand for military laser systems and mainly the laser based weapons has mostly helped the growth of the Global Military Laser Systems market. Also, the military and defense segment spends a substantial amount of budget on R&D and weapons development projects.

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Military Laser Systems Market – Competitive Analysis
The global military laser systems market is highly competitive. There exists strong rivalry and competition among existing vendors; in terms of cost, technology, and to win major military deals and projects in various emerging and established markets. To survive and succeed in such an intensely competitive environment, it is crucial for the vendors to develop highly capable and efficient laser systems and also need to involve in major laser weapon development projects. Five of the key vendors in the global military laser systems market are BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon, and Thales Group.

Industry/ Innovation/ Related News:
March, 2018: Lockheed Martin was awarded a contract worth USD 26.3 million by U.S. Air Force Research Lab to provide a laser weapon that could be mounted on a fighter jet.
February, 2018: Lockheed Martin’s Aculight division was awarded a contract worth USD 150 million by the U.S. Navy to build a laser weapon and dazzler system.
August 2018: Northrop Grumman was awarded a contract worth USD 12.4 million by the U.S. Defense Logistics Agency to develop and deliver laser range finders.
January 2017: Dragonfire consortium, led by MBDA, was awarded a contract worth around USD 36.7 million (EUR 30 Million) by the Defence Science and Technology Laboratory (U.K) to develop laser weapons.

Military Laser Systems Market – Segments
For the convenience of the report and enhanced understanding; the military laser systems market is segmented in to three key dynamics:
Segmentation by Technology: Laser Fiber, Solid Fiber, Chemical Laser, CO2 Laser, and Others.
Segmentation by Application: Military/Defense and Law Enforcement.
Segmentation by Region: Comprises Geographical regions – North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Military Laser Systems Market – Regional Analysis
The government and research agencies around the world are involved in the R&D activities for development of military laser systems. The R&D spending on such military laser systems has also been increasing which has helped the growth of the global military laser systems market. For example, DARPA in the US has been involved in such R&D projects. In the US, such R&D activities are focused around many projects related to military applications such as rangefinders, infrared countermeasures, illuminators, and DEW researches. Similarly, the Horizon 2020 program in Europe (the European funding plan), also has a substantial amount of funding towards the 'photonics programs' which includes the lasers, and is expected to fund more than US$137 million per year through 2020. The rise in terrorism and conflict has also increased the R&D efforts for such military laser systems and weapons.

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