Military Laser Designator Market is Estimated to Grow at a CAGR of 8.2% within the forecast period of 2023-2030: Cognitive Market Research

Market Overview:
- A laser designator is a laser light source that is used to designate a target. Laser designators are used to detect laser-guided bombs, missiles, or precision artillery munitions. These are used in modern battlefields in many applications, from detecting the range of an object to designating a target for another weapon system to attack.

Summary:
- Global Military Laser Designator market was estimated at USD 5.78 billion in 2023 and is expected to grow at a CAGR of 8.2% during 2023-2030. Further, increasing spending on military and defense sectors, increasing demand for UAVs, and technological developments in laser designators to provide superior security and improved performance in military & defense sectors are the major driving factors for the growth military laser designator market.

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Market Dynamics:
- Increasing spending on military and defense sectors, increasing demand for UAVs, and technological developments in laser designators to provide superior security & improved performance in military & defense sectors are the major driving factors for the growth military laser designator market. UAVs are used in the varied applications of the military and civil and commercial sectors, which is propelling the growth of the market. Further, emerging advanced technologies and the adoption of these technologies in military sectors can create growth opportunities for the market during the forecast period. However, international regulations governing the use of lasers in military operations could limit the deployment of laser designators.

Market Segementation:

- Type:
• Ground-based
• Air-borne
Based on type the market is segmented into ground-based and air-borne designators. Ground-based designators are bifurcated into man-portable, and vehicle-mounted. Air-borne segment is further classified into Rockets & Missiles, Aircraft, Unmanned Aerial Vehicles, and Maritime.

- End-user:
• Military & Defense
• Homeland Security

- Standard:
• Eyesafe
• Non-Eyesafe

- Competitive Analysis for Military Laser Designator Market: L3 Technologies, Leonardo, Northrop Grumman, Thales, UTC Aerospace Systems, Gooch Housego, RPMC Lasers, Elbit Systems, FLIR Systems, General Atomics.

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Regional Analysis:
- North American region is estimated to be the dominating region for the global military laser designator market, owing to the increasing military expenditure and technological advancements. Further, Asia Pacific is the second largest market for the military laser designator market. This is due to the increased expenditure on the defense sector by the government and growing research and development activities in Asian countries.

News:
- Teledyne FLIR Defense Introduced New Laser Target Designator Payload for Small (Group 1) Unmanned Aerial Systems (May 2022)
Teledyne FLIR Defense, part of Teledyne Technologies Incorporated, has announced the launch of an innovative and first-of-its-kind small Unmanned Aerial System (sUAS) payload that can be used to provide NATO Standard laser target designation for laser-guided weapons.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Military Laser Designator Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Military Laser Designator Market Segmentation
1.5.1 Military Laser Designator Market Regional Fragmentation
1.5.1 Military Laser Designator Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Military Laser Designator Market
• 3.1 Global Military Laser Designator Market Size 2018 - 2030, (USD Million)
• 3.2 Global Military Laser Designator Market Statistics 2022: Snapshot
Chapter 4 Global Military Laser Designator Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Military Laser Designator Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Military Laser Designator Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Military Laser Designator Market Regional Analysis
Chapter 11 North America Military Laser Designator Market Outlook (2018 - 2030)
Chapter 12 Europe Military Laser Designator Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Military Laser Designator Market Outlook (2018 - 2030)
Chapter 14 Latin America Military Laser Designator Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Military Laser Designator Market Outlook (2018 - 2030)
Chapter 16 Research Findings
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Related Reports:
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• Military Drone Market- https://www.cognitivemarketresearch.com/military-drone-market-report
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