Laser is an acronym that stands for Light Amplification by Stimulated Emission of Radiation. These systems use directed beam of light radiation to focus on a target. Many defense organizations integrate laser systems with various types of sensors and platforms to illuminate, locate, track, and destroy a target. Laser systems are considered ideal for defense against modern weapons as they project powerful energy beams over long distances and cause the elimination of possible threats within microseconds. These systems can be used for long-distance imaging and targeting. These systems can also be designed as directed-energy weapons (DEWs) to defend against missiles, nuclear weapons, and other DEWs.
Technavio’s analysts forecast the global military laser systems market to grow at a CAGR of 7.75% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global military laser systems market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Military Laser Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • BAE Systems • Lockheed Martin • Northrop Grumman • Raytheon • Thales
Other prominent vendors • Boeing • UTC Aerospace Systems • Kratos Defense and Security Solutions
Market driver • Increasing success rates of laser systems on field • For a full, detailed list, view our report
Market challenge • Limitations of current laser weapon systems • For a full, detailed list, view our report
Market trend • Development of miniature laser designator for UAVs • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space? • What are the market opportunities and threats faced by the key vendors? • What are the strengths and weaknesses of the key vendors?
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