Military laser systems market is expected to grow from USD 3.03 billion in 2015 to USD 4.63 billion by 2020, at a CAGR of 8.86% from 2015 to 2020.
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The key players in the Military Laser Systems Market include – Raytheon Company (U.S.), Coherent Inc. (U.S.), Newport Corporation (U.S.), Lockheed Martin Corporation (U.S.), and Thales SA (France), among others.
In 2015, North America is estimated to account for the largest share of the military laser systems market. However, the Middle East region is expected to witness the highest growth rate in the military laser systems market in the coming years.
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This can be attributed to the enhancement in the force protection against small boat swarms, unmanned aerial vehicles or rocket, artillery, and mortar or missile attack in this region.
Military Laser Systems Market, by Product
- Laser Designator
- 3D Scanning
- Laser Weapon
- Laser Range Finder
- Ring Laser Gyro
- Laser Altimeter
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The market size estimations for various segments and sub segments of this market were obtained through extensive secondary research and corroboration with primaries.
- By Company Type - Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 – 20%
- By Designation – C level – 35%, Director level – 25%, Others – 40%
- By Region – North America - 45%, Europe – 30%, Asia-Pacific – 20%, RoW – 5%
The key applications considered for the market study are defense and homeland security. The defense application segment holds the largest share of the total military laser systems market in 2015 due to the increase in applications and technological requirements in lethal weapons for military forces, globally.
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From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, and Porter’s Five Forces analysis), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the military laser systems market; high-growth regions and countries and their respective regulatory policies; government initiatives ;and market drivers, restraints, and opportunities.
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