Military Airborne Laser Market Research Report - Global Forecast till 2027

Military Airborne Laser Market Research Report By Product Type (LIDAR, 3D Scanning, Laser Weapon, Laser Range Finder and Laser Altimeter), Technology (Fiber-Optic, Solid-State, Chemical, CO2 and Semiconductor), Platform (Fixed Wing and Rotary Wing), Application (Defense and Homeland Security) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

ID: MRFR/A&D/4548-HCR | 100 Pages | Published By Swapnil Palwe on March 2023         

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Military Airborne Laser Market

Military Airborne Laser Market Size is expected to reach USD 971.8 Million by 2030, registering a CAGR of 17.32% during 2020-2030.

Segmentation
By Product Type LIDAR 3D Scanning Laser Weapon Laser Range Finder & Laser Altimeter
By Technology Fiber-Optic Solid-State Chemical CO2 Semiconductor
By Platform Fixed Wing Rotary Wing
By Application Defense Homeland Security
Key Players
Companies Profiled   American Laser Enterprises LLC (US)    BAE Systems plc (UK)    Coherent Inc. (US)    Frankfurt Laser Company (Germany)    Lockheed Martin Corporation (US)    Newport Corporation (US)    Northrop Grumman Corporation (US)    Raytheon Company (US)    Saab AB (Sweden)    Thales Group (France).
Drivers
Market Driving Forces   Increase In The Deployment Of Airborne Weapon Systems On Military Helicopters And Jets
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Military Airborne Laser Market Scenario


Military Airborne Laser Market Size is expected to reach USD 971.8 Million by 2030, registering a CAGR of 17.32% during 2020-2030.


A military airborne laser is used for marking targets, guiding munitions, missile defense, electro-optical countermeasures (EOCM), and blinding troops. The increased focus on advancing commercial technologies will enable the manufacturers to improve the quality of products in the military airborne laser market.


The global military airborne laser market is expected to witness substantial growth during the forecast period. One of the factors driving the growth of the global military airborne laser market is the need for highly precise weapons. The other factors responsible for the growth are the increasing usage of high-energy laser weapons for military applications, and increased investments in the development of new weapons in developed countries; these factors will bolster the growth of the global military airborne laser market during the forecast period.


 Segmentation of the Global Military Airborne Laser Market 


The global military airborne laser market has been segmented based on product type, technology, platform, application, and region. Based on product type, the global market has been divided into LIDAR, 3D scanning, laser weapon, laser range finder, and laser altimeter. The laser weapon segment is expected to witness the highest CAGR during the forecast period. This is due to the increasing use of laser weapons by military forces globally.


Based on technology, the global market has been segmented into fiber-optic, solid-state, chemical, CO2, and semiconductor. The solid-state is expected to hold the highest demand for global military airborne laser market due to the continuous rise in the R&D activities of military laser systems in the US, as well as in the emerging economies such as India and China.


Based on the region, the military airborne laser market has been segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America is expected to be the largest market for military airborne lasers during the forecast period. The market growth is significantly driven by demand from the US and Canada. This is due to the increase in the deployment of airborne weapon systems on military helicopters and jets. Europe is expected to be the second-largest market in the review period. The region has a presence of major companies, such as BAE Systems plc, Saab AB, and Thales Group.


Key Players


The key players in the global military airborne laser market are American Laser Enterprises LLC (US), BAE Systems plc (UK), Coherent Inc. (US), Frankfurt Laser Company (Germany), Lockheed Martin Corporation (US), Newport Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Thales Group (France).


Research Methodology


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.



  • Secondary Research


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.



  • Primary Research


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.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments



  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region



  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis



  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook



  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions



  • Regional attractiveness and related growth opportunities


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:



  • Company Profiles


In-depth profiling of additional market players (3 to 4 companies)



  • Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability) 


Intended Audience



  • Distributor & Supplier Companies

  • Defense Agencies

  • End Users

  • Consultants and Investment Bankers

  • Government as well as Independent Regulatory Authorities



Report Scope:

Report Attribute Details
2030 Market Size USD 971.8 Million
CAGR 17.32% (2020-2030)
Base Year 2019
Forecast Period 2020-2030
Historical Data   2020
Forecast Units Value (USD Billion)
Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered  By Product Type, Technology, Platform, Application, And Region
Geographies Covered North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America
Key Market Drivers Increase In The Deployment Of Airborne Weapon Systems On Military Helicopters And Jets
 

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Frequently Asked Questions (FAQ) :

The global Military airborne laser market is projected to register a moderate 17.32% CAGR in the forecast period.

The LIDAR segment is expected to observe substantial demand over the review period.

Military Airborne Laser Market Size is expected to reach USD 971.8 Million by 2030,

North America is expected to observe substantial demand, whereas APAC will witness the fastest growth over the review period.

A few eminent market players operating in the global Military airborne laser market are Raytheon Company (U.S.), Northrop Grumman Corporation (U.S.), Saab AB (Sweden), among others.