Global Laser Weapon Systems Market Overview And Prospects – Includes Laser Weapon Systems Market Analysis
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 laser weapon systems market size is expected to grow from $4.85 billion in 2021 to $7.47 billion in 2026 at a rate (CAGR) of 9.0%. The global laser weapon systems market size is then expected to grow at a CAGR of 9.3% from 2026 and reach $11.66 billion in 2031.
Growing defense budgets are a major driver of the laser weapon systems market in the forecast period.
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The laser weapon systems market consists of sales of laser weapon systems and related services 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). Laser weapon systems are direct diode sources with a ruggedized design for withstanding the extensive shock and vibrations due to deployment in harsh environments.
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 2021.
The integration of artificial intelligence is a key trend gaining popularity in the laser weapon systems market. Artificial intelligence (AI) is the capacity of a computer or a robot controlled by a computer to do activities that normally require human intelligence and judgment. AI helps in reducing human error, has fewer risks, and gives digital assistance whenever required. AI also helps in target identification, categorization, aimpoint selection, and maintenance, which are all automated.
Major Market Players: Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Leidos Holdings, Inc., Elbit Systems Ltd.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Laser Weapon Systems Market Report 2022 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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