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Global Multiple Integrated Laser Engagement System Market Trends, Business Overview, Industry Growth and Forecast to 2022-2028

05-06-2022 08:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Reports

The global multiple integrated laser engagement system market is anticipated to grow at a CAGR of 7.5% during the forecast period (2022-2028). Multiple integrated laser engagement system is used by the other armed forces and US military across the globe for training purposes by using lasers and blank cartridges to simulate actual battle. The major factor expected to drive the market growth is the increasing demand for such systems from the global armed forces for integration into a variety of weapons. In addition, innovations in multiple kilowatt laser combination techniques, beam control technology for energy adjustment, and the use of artificial intelligence (AI) will further drive the market growth during the forecast period. Moreover, increasing investment by defense firms and organizations in R&D for expanding the current laser-directed energy weapons (DEWs) will further propel the growth of the market during the forecast period. For instance, in September 2021, BAE Systems plc, Thales Group, and Raytheon Technologies Corp. were awarded by the UK Ministry of Defense for four-year contracts worth $100 million to explore DEW demonstrator technologies in land and maritime environments.
Some major players in the market include General Dynamic Corp., Lockheed Martin Corp., and Raytheon Technologies Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in January 2021, MBDA GmbH and Rheinmetall Waffe Munition GmbH were awarded by Germany's Federal Office for Bundeswehr Equipment, Information Technology, and In-Service Support (BAAINBw) to fabricate, integrate, and support testing of a laser weapon demonstrator in the maritime environment. Furthermore, in October 2021, General Atomics Electromagnetic Systems a part of General Atomics and Boeing were awarded by the US Army for a contract to develop a 300-kilowatt solid-state laser weapon. The Gain High Energy Laser Weapon System will consist of both GA-EMS' distributed gain laser technology and Boeing's beam director and precision acquisition, tracking, and pointing software.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Product Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- General Dynamic Corp., Lockheed Martin Corp., and Raytheon Technologies Corp., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

A full report of Global Multiple Integrated Laser Engagement System Market is available at:
https://orionmarketreports.com/global-multiple-integrated-laser-engagement-system-market/105078/

Global Multiple Integrated Laser Engagement System Market Report by Segment

By Type
• Force training
• Virtual Reality Training for Military
• Police and Public Safety
• Virtual Systems
• Video Simulation Weapons Training
• Others

By Application
• Soldiers
• Vehicles
• Others

Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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