NEW YORK, Oct. 19, 2022 /PRNewswire/ — The military laser systems market size is expected to grow by USD 2.15 billion, accelerating at a CAGR of 7.36% between 2021 and 2026. To estimate the size of the report, Technavio has tracked the recent trends and developments in the aerospace and defense industry. Some of the factors considered include commercial aircraft production, the volume of air passengers and freight traffic, revenue generated by vendors, defense budget, and capital investments by airlines among others. Understand the scope of our full report by Downloading a Free PDF Report Sample.
The market is driven by the focus on the development of laser-based communication. The majority of communications that currently happen in the military sector are carried out through radio frequencies that have limited spectrums. However, the lower bandwidth of radio signals is limiting their large-scale adoption in the military sector. This is driving the need for the development of networks that provide higher bandwidth. Laser communications can operate up to a thousand times faster than conventional radio-frequency-based communication systems. The higher-frequency wavelengths of the electromagnetic spectrum eliminate the need for the use of congested radio-frequency bands. These networks also provide higher security as laser beams have a low probability of interception. All these factors are contributing to the growth of the global military laser systems market.
As per Technavio, the emergence of the directed-energy atmospheric lens concept will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth.
Military Laser Systems Market: Emergence of directed-energy atmospheric lens concept
The Laser Developed Atmospheric Lens (LDAL) is a very complex and innovative concept that mimics two existing natural phenomena, namely, the reflective properties of the ionosphere and desert mirages. It works by temporarily and reversibly simulating a naturally occurring phenomenon that changes the Earth’s atmosphere into a lens-like structure to magnify the path of electromagnetic waves, such as light and radio signals. The concept was revealed in January 2017 by experts at the military facility of BAE Systems in Warton, Lancashire. It uses a high-pulsed power laser system and a phenomenon in physics called the Kerr Effect to temporarily and reversibly ionize or heat a small region of the ionosphere in a structured way. This can create atmospheric lenses and mirrors by exploiting the laws of refraction, reflection, and diffraction. This trend is expected to have a positive impact on the growth of the global military laser systems market during the forecast period.
However, the limitations of current laser weapon systems will reduce the growth potential in the market. Lasers beams travel at the speed of light and before the laser beam is directed at a target, the targeting system of the weapon must locate the target. The weapon’s tracking system then guides the beam in the direction of the motion or projectile of the target. The tracking system must hold a precise point on the target for a long-enough duration to burn a hole through it. However, some weaponized attack systems travel at very high speeds and the laser weapon systems fail to fix the precise point on such targets. Such limitations are hindering the deployment of laser weapon systems against advanced weapon systems. Hence, a significant amount of investments are being made in R&D to focus on the advancement of current laser weapon system technologies.
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Military Laser Systems Market: Segmentation Analysis
This market research report segments the military laser systems market by Product (Laser weapon systems, Laser target systems, and Laser radar systems) and Geography (North America, APAC, Europe, the Middle East and Africa, and South America).
The North American region led the military laser systems market in 2022, followed by APAC, Europe, the Middle East and Africa, and South America respectively. During the forecast period, the North American region is expected to register the highest incremental growth. The US is the key market for military laser systems in North America. Market growth in this region will be slower than the growth of the market in other regions.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Military Laser Systems Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.36% |
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Market growth 2022-2026 |
USD 2.15 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.92 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
North America at 37% |
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Key consumer countries |
US, Saudi Arabia, China, Russia, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
American Laser Enterprises LLC, BAE Systems Plc, Coherent Inc., Dynetics Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., MBDA, MKS Instruments Inc., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd, Raytheon Technologies Corp., Rheinmetall AG, Thales Group, The Boeing Co., and Newport Corp. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product – Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product – Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Laser weapon systems – Market size and forecast 2021-2026
- Exhibit 28: Chart on Laser weapon systems – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Laser weapon systems – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Laser weapon systems – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Laser weapon systems – Year-over-year growth 2021-2026 (%)
- 5.4 Laser radar systems – Market size and forecast 2021-2026
- Exhibit 32: Chart on Laser radar systems – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Laser radar systems – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Laser radar systems – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Laser radar systems – Year-over-year growth 2021-2026 (%)
- 5.5 Laser target designators – Market size and forecast 2021-2026
- Exhibit 36: Chart on Laser target designators – Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Laser target designators – Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Laser target designators – Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Laser target designators – Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America – Market size and forecast 2021-2026
- Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.4 APAC – Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.5 Europe – Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.7 South America – Market size and forecast 2021-2026
- Exhibit 62: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.8 US – Market size and forecast 2021-2026
- Exhibit 66: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.9 China – Market size and forecast 2021-2026
- Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.10 Russia – Market size and forecast 2021-2026
- Exhibit 74: Chart on Russia – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Russia – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Russia – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Russia – Year-over-year growth 2021-2026 (%)
- 7.11 UK – Market size and forecast 2021-2026
- Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 7.12 Saudi Arabia – Market size and forecast 2021-2026
- Exhibit 82: Chart on Saudi Arabia – Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Saudi Arabia – Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Saudi Arabia – Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Saudi Arabia – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 BAE Systems Plc
- Exhibit 93: BAE Systems Plc – Overview
- Exhibit 94: BAE Systems Plc – Business segments
- Exhibit 95: BAE Systems Plc – Key offerings
- Exhibit 96: BAE Systems Plc – Segment focus
- 10.4 Dynetics Inc.
- Exhibit 97: Dynetics Inc. – Overview
- Exhibit 98: Dynetics Inc. – Product / Service
- Exhibit 99: Dynetics Inc. – Key offerings
- 10.5 Israel Aerospace Industries Ltd.
- Exhibit 100: Israel Aerospace Industries Ltd. – Overview
- Exhibit 101: Israel Aerospace Industries Ltd. – Product / Service
- Exhibit 102: Israel Aerospace Industries Ltd. – Key offerings
- 10.6 Lockheed Martin Corp.
- Exhibit 103: Lockheed Martin Corp. – Overview
- Exhibit 104: Lockheed Martin Corp. – Business segments
- Exhibit 105: Lockheed Martin Corp. – Key news
- Exhibit 106: Lockheed Martin Corp. – Key offerings
- Exhibit 107: Lockheed Martin Corp. – Segment focus
- 10.7 MBDA
- Exhibit 108: MBDA – Overview
- Exhibit 109: MBDA – Product / Service
- Exhibit 110: MBDA – Key offerings
- 10.8 Northrop Grumman Corp.
- Exhibit 111: Northrop Grumman Corp. – Overview
- Exhibit 112: Northrop Grumman Corp. – Business segments
- Exhibit 113: Northrop Grumman Corp. – Key news
- Exhibit 114: Northrop Grumman Corp. – Key offerings
- Exhibit 115: Northrop Grumman Corp. – Segment focus
- 10.9 Rafael Advanced Defense Systems Ltd
- Exhibit 116: Rafael Advanced Defense Systems Ltd – Overview
- Exhibit 117: Rafael Advanced Defense Systems Ltd – Product / Service
- Exhibit 118: Rafael Advanced Defense Systems Ltd – Key news
- Exhibit 119: Rafael Advanced Defense Systems Ltd – Key offerings
- 10.10 Raytheon Technologies Corp.
- Exhibit 120: Raytheon Technologies Corp. – Overview
- Exhibit 121: Raytheon Technologies Corp. – Business segments
- Exhibit 122: Raytheon Technologies Corp. – Key offerings
- Exhibit 123: Raytheon Technologies Corp. – Segment focus
- 10.11 Rheinmetall AG
- Exhibit 124: Rheinmetall AG – Overview
- Exhibit 125: Rheinmetall AG – Business segments
- Exhibit 126: Rheinmetall AG – Key news
- Exhibit 127: Rheinmetall AG – Key offerings
- Exhibit 128: Rheinmetall AG – Segment focus
- 10.12 The Boeing Co.
- Exhibit 129: The Boeing Co. – Overview
- Exhibit 130: The Boeing Co. – Business segments
- Exhibit 131: The Boeing Co. – Key news
- Exhibit 132: The Boeing Co. – Key offerings
- Exhibit 133: The Boeing Co. – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 134: Inclusions checklist
- Exhibit 135: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 136: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 137: Research methodology
- Exhibit 138: Validation techniques employed for market sizing
- Exhibit 139: Information sources
- 11.5 List of abbreviations
- Exhibit 140: List of abbreviations
About Technavio
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