Military airborne lasers are futuristic weapons which can be used in future peacekeeping missions. They are mounted on military aircraft as well as other advanced machines. Primary uses include guiding munitions, blinding troops, and marking targets. The global military airborne laser market report by Market Research Future (MRFR) outlines the benefits of the advanced system as well as its future scope.
The global military airborne laser market is expected to exhibit a CAGR above 9% from 2018 to 2023 (forecast period). Upgradation of weapon systems in aircraft, as well as increased military expenditure by nations for protecting their borders, are drivers projected to propel market growth. The use of these lasers for destroying and preventing incoming aerial attacks is one of the biggest market drivers.
Request for Free Sample Pages: https://www.marketresearchfuture.com/sample_request/6006
Weapons manufacturers such as Boeing, Northrop Grumman, and Lockheed Martin are continuously testing their lasers for speeding their products to the market. Various programs by armies of respective nations are fueling the market growth. Furthermore, the development of theoretical models and replacing legacy equipment can become growth opportunities in the coming years.
The military airborne laser market is segmented by technology, platform, application, and product type.
By technology, the market is segmented into fiber laser, semiconductor laser, CO2 laser, chemical laser, and solid-state. The solid-state laser segment has a respectable market share due to constant developments aided by R&D. On the other hand, the fiber laser segment is anticipated to gain a large market share due to the use of thin optical fibers which cover a large area with ease. In addition, their high efficiency and low maintenance as compared to solid-state lasers can work to their advantage.
Platforms on which the military airborne laser can be installed are unmanned aerial vehicle (UAV), rotary wing, and fixed wing.
By application, the market is segmented into defense and homeland security. Among these, defense is expected to be the biggest application till 2023.
Types of products include laser range finder, laser altimeter, laser weapon, 3D scanning, and LiDAR. 3D scanning has the largest market share owing to the use of laser for capturing geospatial data in unknown locations. This information plays a vital role in reconnaissance and surveillance missions.
Noteworthy names in the military airborne laser market are Coherent Inc., Newport Corporation, Northrop Grumman Corporation, BAE Systems PLC, Lockheed Martin Corporation, Thales Group, Frankfurt Laser Company, Raytheon Company, Saab AB, and American Laser Enterprises LLC.
Agreements and partnerships are the main strategies implemented by these companies to gain a large market share. This is exemplified by the agreement between Northrop and the Moroccan military for laser rangefinders and the deal between Lockheed Martin and the U.S. Airforce for developing weapons for tactical strikes.
Regionally, the military airborne laser market encompasses South America, North America, Europe, the Middle East & Africa (MEA), and Asia Pacific (APAC).
The APAC region is likely to experience a massive CAGR and contribute to the global market revenue due to high defense expenditure of China and India. Various tests by defense manufacturers are likely to influence market decisions in the region.
On the other hand, the North America market will experience a steadfast growth rate owing to continuous influx of capital by nations such as the U.S. and Canada. Contracts between defense agencies and military arm to increase the strength of nations will be the primary driver of the market in the region.
Access Full Summary of Report: https://www.marketresearchfuture.com/reports/military-airborne-laser-market-6006
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
+1 646 845 9312
Email: [email protected]