The global military laser systems market size reached US$ 6.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.0 Billion by 2032, exhibiting a growth rate (CAGR) of 7.5% during 2024-2032.
Market Size in 2023
|US$ 6.1 Billion
Market Forecast in 2032
|US$ 12.0 Billion
|Market Growth Rate 2024-2032
A military laser system refers to defense equipment that is widely adopted for various military-based applications ranging from lethal activities to detecting a range of objects. Some of the common product variants include semiconductor lasers, dye lasers, chemical lasers, etc. Military laser systems are primarily integrated with directed energy weapons, missile guidance equipment, laser sights, designators, rangefinders, etc.
A significant rise in geopolitical conflicts and terrorism activities across the globe is primarily driving the demand for military laser systems. Furthermore, the growing adoption of various laser-based military solutions, including offensive laser systems, perimeter breach detection systems, laser countermeasure systems, etc., in threat mitigation and weapon guidance applications is also propelling the market growth. Additionally, the increasing investments in the defense sector coupled with the introduction of various military modernization programs are further augmenting the global market. Moreover, the rising inclination towards communication navigation surveillance (CNS) systems to improve situational awareness and reduce the workload of military personnel is also catalyzing the demand for military laser systems. Besides this, the emergence of artificial intelligence (AI) has enabled the production of innovative laser equipment with advanced monitoring, targeting, and information-gathering systems, thereby propelling the market growth. In addition to this, the growing installation of military laser systems on remotely operated underwater vehicles (ROVs) and unmanned combat aerial vehicles (UCAV) will continue to drive the global market over the forecasted period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global military laser systems market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, technology, application and end use.
Breakup by Product Type:
- Laser Designator
- 3D Scanning
- Laser Weapon
- Laser Range Finder
- Ring Laser Gyro
- Laser Altimeter
Breakup by Technology:
- Fiber Laser
- Solid- State Laser
- Chemical Laser
- CO2 Laser
- Semiconductor Laser
Breakup by Application:
- Target Designation and Ranging
- Guiding Munitions
- Directed Energy Weapon
- Defensive Countermeasures
Breakup by End Use:
- Homeland Security
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being BAE Systems PLC, Coherent Inc., Elbit Systems Ltd., Lockheed Martin Corporation, MKS Instruments Inc., Northrop Grumman Corporation, Rafael Advanced Defense Systems Limited, Raytheon Technologies Corporation, Thales Group and The Boeing Company.
|Base Year of the Analysis
||Product Type, Technology, Application, End Use, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Brazil, Mexico
||BAE Systems PLC, Coherent Inc., Elbit Systems Ltd., Lockheed Martin Corporation, MKS Instruments Inc., Northrop Grumman Corporation, Rafael Advanced Defense Systems Limited, Raytheon Technologies Corporation, Thales Group and The Boeing Company
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Key Questions Answered in This Report:
- How has the global military laser systems market performed so far and how will it perform in the coming years?
- What is the impact of COVID-19 on the global military laser systems market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global military laser systems market and who are the key players?
- What is the degree of competition in the market?