Military Laser Systems Market 2016-2021 | Northrop Grumman, Coherent, Lockheed Martin, Thales, Raytheon, American Laser Enterprises, BAE, Frankfurt Laser, Quantel and Newport Corporation

Military Laser Systems Market Research Report 2018 published By Market Research Future, provides information on Global Military Laser Systems Market By Industry Analysis, Market Growth and Opportunity Assessment, Segmentation by Application (Military/Defense and Law Enforcement), by Technology (Laser Fiber, Solid Fiber, Chemical Laser, CO2 Laser, and others), and by Geography - Forecast To 2021

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.

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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.

Market Synopsis of Military Laser Systems Market

The global Military Laser Systems market is expected to grow at a CAGR of around 10%. The growing need for high precise weapons, emerging demand from law enforcement and defense agencies, investment on R&D related to military laser systems are the factors driving the market growth. However, regulatory challenge is the biggest constraint of the market.

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.

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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.

Scope of Report

The market report for Military Laser Systems of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions

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