The Global Laser Weapon Systems Market Report by The Business Research Company covers laser weapon systems market drivers and restraints, laser weapon systems market size, major players, and the impact of COVID-19 on the laser weapon systems market.
The laser weapon systems market consists of sales of laser weapons by entities (organizations, sole traders, and partnerships) that manufacture directed-energy weapons based on lasers. The laser weapon system generates high-energy pulses that enable an impact on the target. This type of weapon works on the principle of light amplification through stimulated radiation emission (LASER).
The global laser weapon systems market is expected to grow from $3.86 billion in 2020 to $4.37 billion in 2021 at a compound annual growth rate (CAGR) of 13.2%. The growth in the laser weapon systems market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The laser weapon systems market is expected to reach $10.03 billion in 2025 at a CAGR of 23.1%.
The increasing investment in military and defense is expected to contribute to the growth of the laser weapon systems market in the coming years. Air-based laser weapon systems provide flexibility and accuracy for self-protection against aircraft, missiles, and ground-based weapons in the military and defense sectors.
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Some laser weapon systems market trends include increasing research and development activities in laser weapons. With growing defense budgets and research grants, militaries around the world are using high-energy laser equipment and investing heavily in research and development.
Global laser weapon systems market segments include:
1) By Product: Laser Designator, LIDAR, 3D Laser Scanning, Laser Range Finder, Ring Laser Gyro, Laser Altimeter
2) By Technology: Solid State Laser, Chemical Laser, Free Electron Laser, Chemical Oxygen Iodine Laser, Tactical High Energy Laser, Others
3) By Application: Air Based, Ground Based, Sea Based
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Laser Weapon Systems Global Market Report 2021: COVID-19 Growth and Change is one of a series of new reports from The Business Research Company that provides laser weapon systems market overviews, analyzes and forecasts market size, share, laser weapon systems market players, laser weapon systems market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The laser weapon systems identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Laser Weapon Systems Global Market Report 2021: COVID-19 Growth and Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Applied Technology Associates, Boeing, Elbit Systems Ltd., General Atomics, BAE Systems, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Thales Group, Kratos, Leidos, Leonardo SpA, and Rafael Advanced Defense Systems.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Laser Weapon Systems Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Laser Weapon Systems Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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