A significant increase in geopolitical disputes and terrorist activities worldwide is primarily driving the market for military laser systems. Additionally, the market is expanding due to the increasing use of various laser-based military solutions, such as offensive laser systems, perimeter breach detection systems, laser countermeasure systems, etc., in threat reduction and weapon guidance applications. Rising defense industry investments and numerous military modernization initiatives are further boosting the global market. Additionally, the need for military laser systems is being stimulated by the growing trend toward communication navigation surveillance (CNS) systems to enhance situational awareness and lessen the workload of military personnel.
COVID-19 IMPACT
After the conclusion of COVID-19, it is envisaged that production for the market for military laser systems will be more flexible. Due to the shutdown, it is anticipated that the supply chain interruption will impact the company's future growth. The ongoing pandemic is not generating money for businesses, which will cause significant losses throughout the year. To resurrect the market, businesses must operate on a significant margin basis. Due to the lockout, a considerable financial loss has been accounted for in the income production of the manufacturers of military laser systems.
DRIVING FACTORS
The Market's Expansion Will Be Fuelled By The Advancement Of Laser-Based Communication
Due to the importance of the tactical and strategic actions covered by military communication, a high level of confidentiality is required. At the moment, the majority of these conversations take place across radio frequencies with constrained radio spectrums. Defense establishments are concentrating on developing laser networks that provide better bandwidth because this prevents widespread adoption in the military sector. For instance, the U.S. Office of Naval Research's Future Naval Capabilities program supported the development of the laser-based communication system TALON (Tactical Line-of-Sight Optical Network) in 2013. This advancement has demonstrated that radio-frequency-based communication systems cannot match the speed of laser communications, which can go up to a thousand times quicker. The electromagnetic spectrum's higher frequency wavelengths do not require the utilization of crowded radio-frequency bands. Additionally, the technology offers increased security because laser beams have a limited chance of being intercepted.
RESTRAINING FACTORS
Current Laser Weapon System Restrictions Pose A Significant Obstacle To The Market's Expansion
Laser beams can reach their target in a matter of nanoseconds because they move at the speed of light, which is faster than the speed of any physical object. However, the weapon's targeting mechanism must first identify the target before the laser beam can be pointed at it. The weapon's tracking system then directs a beam toward the target's motion or projectile, holding it there for sufficient time to burn a hole in the target. Current laser weapon systems cannot pinpoint the precise spot on some weaponized attack systems because they move at high speeds, such as ballistic and cruise missiles. Using laser weapon systems against sophisticated weapon systems has proven difficult due to these constraints. The development of modern laser weapon system technologies is the subject of major investments, R&D, and advancements. As a result, more powerful laser weapon systems will be created, but the price of these technologies will increase.
SEGMENTATION
By Product
Based on product, the military laser systems market is segmented into laser designator, LIDAR, 3D scanning, laser range finder, ring laser gyro and laser altimeter. The 3D scanning category dominated the market in 2022. A digital 3D model of an object is created using the 3D laser scanning technique, which uses lasers to measure the geometry of the thing. As 3D laser scanning can capture three-dimensional data on things, regardless of their surface features or size, it is employed in various settings and businesses.
By Application
Based on application, the military laser systems market is segmented into aerospace and homeland security. The homeland security category dominated the market in 2022 due to escalating worries about terrorism, and natural disasters, including earthquakes and volcano eruptions. The United States, China, Japan, and India are all vulnerable to earthquakes that could cause volcanic eruptions or tsunamis, rendering them subject to domestic and international disaster risk management (i.e., globally connected society).
By Technology
Based on technology, the military laser systems market is segmented into fiber laser, solid-state laser, chemical laser, CO2 laser and semiconductor laser. The CO2 laser category dominated the market in 2022. The most prevalent kind of laser utilized in military systems is the CO2 laser. They have several advantages over other types of lasers, including their small size and lightweight, which make them portable and simple to use; their short wavelength (near infrared); their ability to penetrate materials like armor; and their ability to be tuned to produce a variety of light colors, which can be used to identify targets and follow moving objects.
REGIONAL INSIGHTS
North America is projected to hold the largest military laser systems market share over the forecast period. The region's military sector is developed and well-supported by a robust infrastructure for research and development. Additionally, the area has recently run several programs to create laser-based weapon systems. The military of the United States wants to equip its ships, planes, and land vehicles with laser-based weaponry. On the other hand, the Asia Pacific military laser systems market is anticipated to grow significantly. This is related to governments' growing attention on bolstering the military and defense industry in nations like China and others, which is driving up investments in the study and development of the military infrastructure.
Recent Development:
- January 2021: To track space objects, South Korea has announced a 45 billion dollar investment over the next five years.
LIST OF KEY COMPANIES PROFILED:
- BAE Systems PLC
- Coherent Inc.
- Elbit Systems Ltd.
- Lockheed Martin Corporation
- MKS Instruments Inc.
- Northrop Grumman Corporation
- Rafael Advanced Defense Systems Limited
- Raytheon Technologies Corporation
- Thales Group
- The Boeing Company
| Attributes | Details |
| Market Size in 2022 | USD 4.9 Billion |
| Market Forecast in 2030 | USD 8.2 Billion |
| Compound Annual Growth Rate | 8.90% |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Product Type, By Application, By Technology and By Geography |
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| By Application |
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| By Technology |
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| By Region |
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| Base Year | 2022 |
| Historical Year | 2016-2021 |
| Forecast Year | 2023-2030 |
