ID: MRFR/A&D/4548-HCR | 100 Pages | Published By Swapnil Palwe on March 2023
Military Airborne Laser Market Size is expected to reach USD 971.8 Million by 2030, registering a CAGR of 17.32% during 2020-2030.
$971.8 Million
17.32%
North America
2020-2030
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.
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.
Key Insights
Report Customization
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)
Intended Audience
Report Attribute | Details |
2030 Market Size | USD 971.8 Million |
CAGR | 17.32% (2020-2030) |
Base Year | 2019 |
Forecast Period | 2020-2030 |
Historical Data | Â Â 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Â Â Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Â 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 |
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.