Military Laser Systems Market Industry Outlook, Future Trends, Insights, Quality Analysis, and Sustainable Growth Strategies for the Period of 2023-2029

Military Laser Systems Market by Application (Weapons and Non-weapons), Technology (Solid-state Laser, Fiber Laser, Semiconductor Laser, Gas Laser, Liquid Laser, Free-electron Laser), Platform, End Use, Output Power - Global Forecast to 2028

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Prominent companies in the military Laser systems market are Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (France), and BAE System plc (UK), among others.

A military laser system is majorly divided into two applications, such as weapon and non-weapon. A laser weapon is a ranged weapon that damages its target with highly focused energy, such as laser. Potential applications of this technology include weapons that target personnel, missiles, vehicles, and optical devices. In the US, the Pentagon, the Defense Advanced Research Projects Agency (DARPA), the Air Force Research Laboratory, US Army Armament Research Development and Engineering Center, and the Naval Research Laboratory are researching military laser systems to counter unmanned aerial vehicles, ballistic missiles, and cruise missiles.

The military Laser systems market size is projected to grow from USD 5.0 billion in 2023 to USD 7.5 billion by 2028, at a CAGR of 8.7% during the forecast period.

"Directed Energy Weapon Segment: The largest share of the military Laser systems market by end use in 2023."

The directed energy weapon segment held largest share of the military Laser systems market by end use in 2023.The defense sector witness increases in integration of directed energy weapons on military platforms such as naval ships, fighter aircraft, armoured vehicles, and satellites. In recent decades, several defense manufacturers and integrators have been researching and developing laser weapons, which are now widely adopted by several defense forces to enhance their defense capabilities. In March 2021, Raytheon Intelligence & Space was awarded a USD 15.5 million contract by the US Air Force Lifecycle Management Center to build and deliver an upgraded version of its high-energy laser weapon system, or HELWS. Moreover, In January 2021, Rheinmetall AG and MBDA won a contract to develop a naval laser weapons system for the German Navy. In addition, in August 2022, Lockheed Martin Corporation delivered the high-energy laser to US Navy. The high energy laser weapon was installed on warships, which is a 60KW+ laser and is officially known as High Energy Laser Integrated Optical-Dazzler and Surveillance (HELIOS).

"10-100 kW Segment: The largest segment of the military Laser systems market by output power in 2023"

The 10-100 kW segment has the largest segment of the military Laser systems market by output power in 2023. The laser systems that generate an output power of 10-100 kW are widely used in target acquisition, tracking, and destruction, as well as communication and sensing applications.

In the military, 10-100 kW laser systems are used for anti-missile systems, air defense, and ground-to-air defense, among others. By using the capabilities of medium-energy laser systems, defense systems can take down enemy missiles and aircraft with pinpoint accuracy from a distance without causing harm to nearby people or infrastructure.

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Key benefits of buying this report:

This report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall military laser systems market and its subsegments. The report covers the entire ecosystem of the military laser systems industry and will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Research Coverage:

The market study covers the military laser systems market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such application, platform, technology, end use, output power and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

This release was published on openPR.