Press release
High Energy Lasers Market: 17.8% CAGR Jump from $17.04 billion in 2024 to $20.07 Billion in 2025 - Key Growth Factors and Trends
High Energy Lasers Market
What Is The Projected Market Size Of The Global High Energy Lasers Market And Its Growth Rate?
o The high energy lasers market grew from $17.04 billion in 2024 to $20.07 billion in 2025, at a compound annual growth rate (CAGR) of 17.8%.
o Growth resulted from increased military applications, the rise in aerospace and defense industry, and increased research and development.
o The high energy lasers market, expected to see rapid growth in the next few years, will further grow to $37.49 billion in 2029 at a compound annual growth rate (CAGR) of 16.9%.
o Drivers of the forecast period growth include increased use for industrial and materials processing, rise in renewable energy and environmental sensing, increasing cybersecurity and data communication, and developments in fiber lasers and beam control.
What Is Driving The Growth In The High Energy Lasers Market?
Rising defence budgets are a major impetus to the growth of the high-energy laser market. Defence budgets fund military operations, offering support for the research and development of high-energy laser technologies. These innovations improve the system's efficiency and range of applications. The defense budget enables military organizations to acquire these systems, critical for modern warfare, and offer long-term cost savings compared to conventional munitions. To illustrate, in August 2024, the United States Department of Defense, received funding of $1.94 trillion, increased from $1.52 trillion in FY 2023.
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Who Are the Key Players Driving High Energy Lasers Market Growth?
o Northrop Grumman
o Lockheed Martin
o Raytheon Technologies
o Boeing
o BAE Systems
o L3Harris Technologies
o Elbit Systems
o Thales Group
o Leonardo S.p.A.
o General Dynamics
o SAAB
o Kratos Defense & Security Solutions
o Amentum
o TRUMPF
o Coherent
o Optical Society
o QinetiQ
o Rheinmetall
o Han's Laser Technology
o Kongsberg Gruppen
o Energetics Technologies
o INFINITUM
o Hypertherm
o GSI Group
o Lasertec
o IPG Photonics
o Solid State Laser
o EdgeWave
What Are The Key Trends In The High Energy Lasers Market?
Key trends in the market include:
o Directed energy weapons (dew)
o Space-based lasers
o Industrial laser cutting
o Laser weapon miniaturization trend
o Solid-state lasers.
What Are The Segments Of The Global High Energy Lasers Market?
o By Product Type: Gas Laser, Fiber Laser, Solid State Laser, Excimer Laser
o By Application: Cutting, Welding and Drilling, Military and Defense, Communications
Which Region Leads The High Energy Lasers Market?
In 2024, North America commanded the largest share in the high-energy lasers market. Asia-Pacific is predicted to be the fastest-growing region over the forecast period. The coverage of the high-energy lasers market report extends to Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The High Energy Lasers Market Global Market Report?
- Market Size Analysis: Analyze the High Energy Lasers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the High Energy Lasers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall High Energy Lasers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the High Energy Lasers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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