The laser defense eyewear market is primarily designed for tactical and combat military operations. These eyewear systems are designed by integrating lenses and components, which can handle extreme conditions. There are several laser defense eyewear systems that are provided with interchangeable lenses for both day and night military operations. Thus, the demand for military protection eyewear is anticipated to register significant growth, during the forecast period, owing to their increasing application by the paramilitary and homeland security organizations.
Global Laser Defense Eyewear Market is estimated to register a CAGR of 6.70% during the forecast period, 2018–2025. In 2018, the market was led by North America with 36.68% share, followed by Europe and Asia-Pacific with shares of 25.33% and 20.11%, respectively.
Segmentation of the Global Laser Defense Eyewear Market
The global laser defense eyewear market has been segmented based on application, end user, and region. In terms of application, the market has been segmented by civil and military. Among these, the civil segment accounted for the largest market share of 61.44% in 2018 and is projected to exhibit a CAGR of 7.74% during the forecast period. In terms of end user, the market has been segmented by paramilitary forces and armed troops. Among these the armed troops segment accounted for the largest market share of 77.51% in 2018, which is expected to record a CAGR of 8.10% during the forecast period. The rising military combat operations are driving the growth of the market segment.
Based on region, Asia-Pacific is becoming a lucrative region for the firms that provide military laser defense eyewear firms, due to the modernization of military systems and rising demand from countries such as China, India, and Japan. The North American market is anticipated to grow at a high rate in the laser defense eyewear market during the forecast period, owing to increase in adoption of advanced military components and systems by soldiers during battlefield and special military operations.
The Key Players in the global laser defense eyewear market are Revision Military (US), ESS (Eye Safety Systems, Inc. (US), NoIR LaserShields (US), Laser Safety Industries (US), PerriQuest Defense Research Enterprises (US), and ST Laserstrike (US).
The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
MRFR offers report customization to valued customers. Below are the options available for customization:
In-depth profiling of additional market players (3 to 4 companies)
Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)
The laser defense eyewear market can rise at 6.70% CAGR by 2025.
By 2027, the laser defense eyewear market can considerable touch surge to decent value.
ESS (Eye Safety Systems, Inc. (US), Laser Safety Industries (US), and NoIR LaserShields (US) are some well-established laser defense eyewear market players.
The rise in demand for laser solution to favor laser defense eyewear market.
Europe laser defense eyewear market value can rise in near future.