Laser Weapon Systems Market Growth Analysis And Indications – Includes Laser Weapon Systems Market Size
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Major players in the laser weapon systems market include Raytheon Technologies Corporation, The Boeing Company, Lockheed Martin Corporation, Leidos Holdings, Inc., Elbit Systems Ltd.
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The laser weapon systems market is expected to reach from $4.85 billion in 2021 to $7.47 billion in 2026 at a rate (CAGR) of 9.0%. The 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.
North America was the largest region in the laser weapon systems market.
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.
Growing defense budgets are a major driver of the laser weapon systems market in the forecast period.
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.
TBRC’s Laser Weapon Systems Market Report Segments:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Laser Weapon Systems Market Report 2022–Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides an overview of the laser weapon systems market globally and regionally, analyzes and forecasts market size, share, laser weapon systems market players, laser weapon systems market segments, leading competitor revenues, profiles and market shares.
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