Military Laser Systems Global Market Estimated To Strike Growth At 10% of CAGR By 2021 | Competitive Landscape By Northrop Grumman, Coherent, Lockheed Martin, Thales, Raytheon, BAE, Frankfurt Laser and Newport

Military Laser Systems Global Market – Overview

Military Laser Systems, which are fast gaining prominence in lethal weapons sector, have been under development for decades now. With the changing nature of warfare, there has been a rise in demand for efficient and lethal weapons with high precision and accuracy and ability to annihilate distant enemy tanks. These laser systems have high intensity and low divergence, which has made it a popular choice of weapons in times for warfare. Moreover, increasing support and initiatives from the government for strengthening their defense is another factor boosting the growth of military laser systems market.

LASER is an acronym that stands for "light amplification through the stimulated emission of radiation." Lasers work by exciting the atoms, molecules, or ions in a medium—think gases, chemicals, fibers, or diodes—until they emit light at exactly the same wavelength. That light is then channeled into a narrow beam by a resonator, and then directed at a target. In other words, lasers are essentially narrow beams of focused light that do damage by heating the target. They can burn holes in aircraft skins, the hulls of small boats, or the human body. They can heat artillery shells in midair, causing them to explode, or the storage containers at a fuel dump until the fuel ignites.

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According to a recent study report published by the Market Research Future, Globally, the market for Military Laser Systems has increased its market growth in recent years and is expected to grow at a rapid pace during the forecast period (2017 – 2021). The global market of Military Laser Systems is forecasted to witness a thriving growth by 2021, surpassing its previous growth records in terms of value with a striking 10 % CAGR during the anticipated period (2017 – 2021).

The growing need for high precision 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. Additionally, growth in usage of high-speed laser in communication networks and rising support and initiatives from government such factors are providing added impetus to the growth of the market. Moreover, growth in commercial technologies is said to offer an array of opportunities for the key players operating in this market.

However, regulatory challenge and the higher costs of development are the biggest constraint of the market, states the MRFR Research Analyst while commenting upon this deep diving factual study report, presented through more than 100 market data tables and figures, widely spread over 103 pages.

Military Laser Systems Global Market – Key Players

Military Laser Systems market appears to be highly competitive. Key Players compete based on cost, product quality, reliability, and aftermarket service. To sustain in the market and to gain the competitive edge players operating in the market strive to offer cost-effective and high-quality laser systems with latest technology and materials. The market is expected to witness a rise in mergers and acquisitions, coupled with increased collaboration with alliance partners across the globe.

Profiled in MRFR Analysis some of the leading market players in the global Military Laser Systems market are Northrop Grumman, Coherent Inc., Lockheed Martin, Thales, Raytheon, American Laser Enterprises, BAE Systems PLC, Frankfurt Laser Company, Quantel, and Newport Corporation.

Military Laser Systems Global Market – Segments

The Military Laser Systems Market can be segmented in to 3key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Application : Comprises Military/Defense and Law Enforcement and others.

Segmentation By Technology : Comprises Laser Fiber, Solid Fiber, Chemical Laser, CO2 Laser, and others.

Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

The key applications considered for the market study are defense and homeland security. The defense application segment held the largest share of the total military laser systems market in 2015 due to the increase in applications and technological requirements in lethal weapons for military forces, globally.

Military Laser Systems Market – Regional & Country Analysis

Americas is the leading region in military laser market with around 40% of market share as of 2015, followed by Asia Pacific and EME with a substantial market share. As per the MRFR analysis, the Americas Military Laser Systems market is poised to reach to astronomical amounts in 2021, to grow at a CAGR of around 5% during the forecasted period. EMEA and Asia Pacific regions will grow at a substantial CAGR.

With the increasing investment in several military and land programs to modernize its military and weapon systems, APAC is expected to register a significant growth in the forecast period. In 2015, North America accounted for the largest share of the military laser systems market. However, the Middle East region witnessed the highest growth rate in the military laser systems market in the coming years. This can be attributed to the enhancement in the force protection against small boat swarms, unmanned aerial vehicles or rocket, artillery, and mortar or missile attack in this region.

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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.

Study Objectives of Military Laser Systems

• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Military Laser Systems

• To provide insights about factors affecting the market growth

• To analyse the Global Military Laser Systems Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.

• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

• To provide country-level analysis of the market with respect to the current market size and future prospective

• To provide country-level analysis of the market for segment by application and technology

• To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market

• To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Military Laser Systems Market

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