The military laser systems market is estimated to be USD 3.03 Billion in 2015, and is projected to reach USD 4.63 Billion by 2020, at a CAGR of 8.86% from 2015 to 2020. This market is segmented on the basis of products, applications, technologies, and regions.

A number of factors such as need for highly precise weapons and increasing use of high-speed laser in communication networks are the key driving factors influencing the growth of the market. On the other hand, factors such as high development cost and regulatory hurdles are restricting the growth of this market. However, advancements in commercial technologies offer new growth opportunities for the market players operating in the global military laser systems market.

The research methodology used to estimate and forecast the military laser systems market begins with capturing data on key military laser systems revenues through secondary research. The bottom-up procedure was employed to arrive at the overall market size of the market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary discussion participants is depicted in the below figure:

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The ecosystem of the military laser systems market comprises components suppliers, manufacturers, distributors, and end users. The market is characterized by direct distribution channels and the presence of OEMs as well as Tier 1 & Tier 2 companies. Some of the key players of the 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. These players are adopting strategies such as new product developments, long-term contracts, and expansions to strengthen their positions in the market. They are also focusing on developing new products by investing considerable amount of their revenues into research & development.

Scope of the Report:

This report categorizes the military laser systems market into the following segments:

Military Laser Systems Market, by Product

Laser Designator

LIDAR

3D Scanning

Laser Weapon

Laser Range Finder

Ring Laser Gyro

Laser Altimeter

Military Laser Systems Market, by Application

Aerospace

Homeland Security

Military Laser Systems Market, by Technology

Fiber Laser

Solid-State Laser

Chemical Laser

CO2 Laser

Semiconductor Laser

Military Laser Systems Market, by Region

North America

Europe

Asia-Pacific

Middle East

Rest of the World (RoW)

Customizations available for the report:

With the given market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:

Geographic Analysis Further breakdown of the Rest of Asia-Pacific Military Laser Systems market into Australia, Malaysia, and New Zealand, among others

Company Information Detailed analysis and profiling of additional market players (Upto 5)



The military laser systems market is projected to reach USD 4.63 Billion by 2020, at a CAGR of 8.86% from 2015 to 2020. The laser light is notable for its high degree of spatial and temporal coherence. Lasers are essentially used in marking targets, guiding munitions, missile defense, Electro-Optical Counter Measures (EOCM), and blinding troops. The laser has applications in most of the firearms and can be used as a tool to enhance the targeting capacity of another weapon system

The military laser systems market is segmented on the basis of products, applications, technologies, and regions. By product, the market is categorized into laser designator, LIDAR, 3D scanning, laser weapon, laser range finder, ring laser gyro, and laser altimeter. During the forecast period, the 3D scanning segment is estimated to account for the highest market growth.

Defense and homeland security are the key application segments considered in this market study. The defense segment dominates the overall military laser systems market, as of 2015.

Among all the product types covered in this report, the laser weapon segment is dominating military laser systems market. The laser weapons comprises of high energy lasers technologies, and are of three types chemical lasers, solid-state laser, and Free Electron Laser (FEL).

On the basis of regions, this market is categorized into North America, Europe, Asia-Pacific, the Middle East, and rest of the world (RoW).

The military laser systems market is dominated by North America, followed by Europe, Asia-Pacific, the Middle East, and rest of the world (RoW). The Middle East is one of the top five defense markets in the world, and it is expected that the Middle Eastern defense spending would rise by fourfold in the coming years. The military laser systems market is growing in the Middle East, as it could enhance force protection against small boat swarms, unmanned aerial vehicles or rocket, artillery, mortar or missile attack. This have helped the Middle Eastern region become the fastest-growing region in the market during the forecast period.

Some of the key players operating 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). Others players operating in this market include Northrop Grumman Corporation (U.S.), American Laser Enterprises, LLC (U.S.), BAE Systems PLC (U.K.), Frankfurt Laser Company (Germany), and Quantel (France).

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