Global Laser Weapon Systems Market Overview And Prospects
Learn about the global laser weapon systems market through The Business Research Company, which provides information on laser weapon systems market size, laser weapon systems market drivers and restraints, laser weapon systems market players, the COVID-19 impact on the laser weapon systems market, and more.
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 are expected to drive laser weapon systems manufacturing, thus driving the market during the forecast period.
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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).
Global laser weapon systems market segments include:
By Product: Laser Designator, LIDAR, 3D Laser Scanning, Laser Range Finder, Ring Laser Gyro, Laser Altimeter
By Technology: Solid State Laser, Chemical Laser, Free Electron Laser, Chemical Oxygen Iodine laser, Tactical High Energy Laser, Others
By Application: Air Based, Ground Based, Sea Based
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the laser weapon systems market in 2020.
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).
TBRC’s laser weapon systems market report covers:
Major Market Players: 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)
The Laser Weapon Systems Global Market Report 2021: COVID-19 Growth And Change to 2030 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, leading competitor revenues, profiles and market shares.
TBRC’s laser weapon systems market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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