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New report examines the military laser systems market growing at 7.75% CAGR by 2021

New report examines the military laser systems market growing at 7.75% CAGR by 2021

The global military laser systems market to grow at a CAGR of 7.75% during the period 2017-2021.

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The following companies as the key players in the global military laser systems market: BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon, and Thales. Other Prominent Vendors in the market are: Boeing, UTC Aerospace Systems, and Kratos Defense and Security Solutions.

Complete report on the Military Laser Systems Market Research Report spread across 66 pages, profiling 8 companies with table of content is now available at  www.reportsnreports.com/contacts/d…aspx?name=1127625 

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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.

The latest trend gaining momentum in the market is Development of miniature laser designator for UAVs. Drones are being used for several military purposes such as communication; combat, search, and rescue; destruction of enemy air defense; electronic attack; intelligence, surveillance, and reconnaissance; and suppression of enemy air defense operations.

Vendors are focusing on the development of mini or small size drones that offer greater maneuverability and swiftness in operation, which in turn, is leading to the development of mini-laser designators.

According to the report, one of the major drivers for this market is Increasing success rates of laser systems on field. Several countries have been collaborating with vendors and investing in the R&D of laser systems.

However, in many instances, it has been observed that these systems fail to induct in war zones owing to field test fiascos. This has often discouraged vendors, and the market has witnessed slow growth until a few decades back.

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Further, the report states that one of the major factors hindering the growth of this market is Limitations of current laser weapon systems. Lasers beams travel at the speed of light, which is faster than the speed of any physical object and can hit the target in fractions of a second.

However, 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 a beam in the direction of motion or projectile of the target and must hold it on a precise point on the target for a long enough duration to burn a hole through it.

As some of the weaponized attack systems, such as cruise missiles and ballistic missiles, travel at very high speeds, the current laser weapon systems fail to fix the precise point on such targets.

This 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.

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.

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 industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry 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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