Progressively, the Military Laser industry is charting its way with indelible footprint. Henceforth beyond the great momentum naturally observed in North America, followed by Europe and in Asia-Pacific, the Middle East is entering the market with big expectations and ambitions.
This dynamic could
deeply focus on: force protection against small boat swarms, unmanned aerial
vehicles or rocket, artillery, mortar or missile attack.
Laser weapon. |
Overall, beyond as high development cost and regulatory hurdles, factors including: need for highly precise weapons and increasing use of high-speed laser in
communication networks are fueling the growth of the market.
According to Research and
Markets, The military laser systems market is projected to
reach USD 4.63 Billion by 2020, at a CAGR of 8.86% from 2015 to 2020.
For those who are unfamiliar, DigitalEcono recalls
that, the laser light is notable for its high degree of spatial and temporal
coherence. Lasers are essentially used in marking targets, guiding munitions,
missile defense, Electro-Optical Counter Measures (EOCM), and blinding troops.
The laser has applications in most of the firearms and can be used as a tool to
enhance the targeting capacity of another weapon system.
By product, the market is categorized into laser designator, LIDAR, 3D scanning, laser weapon, laser range finder, ring laser gyro, and laser altimeter. The 3D scanning segment continues to drive excitements. The laser weapon segment is dominating military laser systems market.
By product, the market is categorized into laser designator, LIDAR, 3D scanning, laser weapon, laser range finder, ring laser gyro, and laser altimeter. The 3D scanning segment continues to drive excitements. The laser weapon segment is dominating military laser systems market.
The key players include: Raytheon Company (U.S.),
Coherent Inc. (U.S.), Newport Corporation (U.S.), Lockheed Martin Corporation
(U.S.), and Thales SA (France). Others players operating in this market include
Northrop Grumman Corporation (U.S.), American Laser Enterprises, LLC (U.S.),
BAE Systems PLC (U.K.), Frankfurt Laser Company (Germany), and Quantel (France).