Military Laser Systems Market Set to Surge: Trends, Growth Drivers, and Future Outlook

This report analyzes the military laser market from 2023 to 2028. It discusses various industry and technology trends currently prevailing in the military laser market along with the factors that drive, restrain, and challenge market growth globally. The military laser systems market is projected to grow from USD 5.0 billion in 2023 to 7.5 billion by 2028, at a CAGR of 8.7%. Factors such as the increase in defense budgets owing to growing concerns over national security and significant investments in modern weapon systems by governments are driving the market growth.

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Based on application, the non-weapons segment is expected to lead the military laser market in 2023. The growth of this segment can be attributed to the increasing need for high precision target tracking solutions to improve military mission capabilities.

Based on technology, the fiber laser segment is expected to have the largest growth in the military laser market during 2023-2028. The growth of this segment is due to the growing demand for fiber technology enabled laser systems as it offers low maintenance, high reliability, and high efficiency features.

Based on end use, the directed energy weapon segment is expected to have the largest growth during 2023-2028. The growth of this segment is due to the rising investment on research, development, and demonstration of high-energy laser weapons.

Based on platform, Due to the installation of military laser systems on platforms, including armored combat vehicles and autonomous ground vehicles, the land sector of the laser market is anticipated lead market in 2023.

Based on output power, the 10-100 kW segment registered the largest share in the base year. This large share is due to the increased integration of 10-100 kW lasers for military communication, target sensing, and terrain mapping, among others.

Based on region, the North America region is estimated to lead the market in 2023. This region includes US and Canada. The increasing defense budget and the constant adoption of military technologies is expected to drive the market growth in North America.

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Major players operating in the military laser systems market include Northrop Grumman Corporation (US), Raytheon Technologies Corporation (US), Lockheed Martin Corporation (US), Thales Group (France), Elbit System Ltd. (Israel), and BAE System plc (UK). These companies have reliable manufacturing facilities as well as strong distribution networks across key regions, such as North America, Europe &Asia pacific. These companies have products with wider applications, a larger product footprint, significant market share and broader geographical use cases. They have established a strong market presence, reputable products with strong business strategies.

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