This report describes and explains the laser weapon systems market and covers 2016 to 2021, termed the historic period, and 2021 to 2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The laser weapon systems market reached a value of nearly $ 4,852.4 million in 2021, having increased at a compound annual growth rate (CAGR) of 9.2%. since 2016. The market is expected to grow from $4,852.4 million in 2021 to $7,477.0 million in 2026 at a rate (CAGR) of 9.0%. The market is then expected to grow at a CAGR of 9.3% from 2026 and reach $11,660.3 million in 2031.
Growth in the historic period resulted from growing development in military drones, rise in aerial attacks, government initiatives and increasing investment in military and defense.
Going forward, the growing defense budgets, growth in artificial intelligence, increased research and development activities and Russia Ukraine war will drive the growth. Factors that could hinder the growth of the laser weapon systems market in the future include atmospheric interferences and geo-political tensions.
The laser weapon systems market is segmented by product into laser designator, lidar, 3d laser scanning, laser range finder, ring laser gyro and laser altimeter. The laser designator market was the largest segment of the laser weapon systems market segmented by product, accounting for 54.6% of the total in 2021. Going forward, the lidar market is expected to be the fastest growing segment in the laser weapon systems market segmented by product, at a CAGR of 11.6% during 2021-2026.
The laser weapon systems market is by technology into solid state laser, chemical laser, free electron laser, chemical oxygen iodine laser, tactical high energy laser. The solid state laser market was the largest segment of the laser weapon systems market segmented by technology, accounting for 35.4% of the total in 2021. Going forward, the chemical oxygen iodine laser segment is expected to be the fastest growing segment in the laser weapon systems market segmented by technology, at a CAGR of 10.5% during 2021-2026.
The laser weapon systems market is segmented by application into air based, ground based, sea based. The ground market was the largest segment of the laser weapon systems market segmented by application, accounting for 58.0% of the total in 2021. Going forward, the air based segment is expected to be the fastest growing segment in the laser weapon systems market segmented by application, at a CAGR of 10.6% during 2021-2026.
North America was the largest region in the laser weapon systems market, accounting for 34.0% of the total in 2021. It was followed by Asia-Pacific, and then the other regions. Going forward, the fastest-growing regions in the laser weapon systems market will be North America and Asia-Pacific where growth will be at CAGRs of 9.9% and 9.3% respectively. These will be followed by Western Europe, and Middle East, where the markets are expected to grow at CAGRs of 8.5% and 8.5% respectively.
The coronavirus pandemic has spread worldwide and is causing disruptions in global economies. Several industries are experiencing different challenges due to the effect of the pandemic, including the military and defense weapon industry. The impact of the pandemic on the weapon system manufacturing was considerably moderate due to shortage of labor, lockdown and low work force. The defense establishment needs to not only procure and manufacture weapon systems. It also demands continuous repair and maintenance to keep them in service. For instance, in 2020, the Navy called up some 1,600 naval reservists to support aircraft carrier and repair work to replace workers deemed at high risk from the coronavirus.
The laser weapon systems market is moderately fragmented with a large number of regional players operating in the market. The top ten competitors in the market made up to 15.52% of the total market in 2020. Raytheon Technologies Corporation was the largest competitor with 4.69% of the market, followed by The Boeing Company with 2.73%, Lockheed Martin Corporation with 2.68%, Leidos Holdings, Inc. with 1.86%, Elbit Systems Ltd. with 0.93%, General Atomics with 0.87%, Northrop Grumman Corporation with 0.73%, BAE Systems with 0.58%, BlueHalo with 0.36% and Saab with 0.08%.
The top opportunities in the laser weapon systems market segmented by product will arise in the laser designator segment, which will gain $1,236.4 million of global annual sales by 2026. The top opportunities in segment by technology will arise in the solid state Laser segment, which will gain $ 830.6 million of global annual sales by 2026. The top opportunities in segment by application will arise in the ground based segment, which will gain $ 1,343.4 million of global annual sales by 2026. The laser weapon systems market size will gain the most in the USA at $886.5 million.
Market-trend-based strategies for the laser weapon systems market include investing in the integration of artificial intelligence, integrating HELIOS to provide higher energy capability, producing new laser weapons, integrating high-energy lasers and developing of a laser weapon system demonstrator.
Player-adopted strategies in the laser weapon systems market include strengthening its product portfolio and collaborating with government and top companies.
To take advantage of the opportunities, the publisher reccomends the laser weapon systems companies to integrate artificial intelligence, use HELIOS (high-energy laser with integrated optical-dazzler and surveillance), focus on high-energy lasers, expand in emerging markets, focus on regions of conflict and mergers and acquisitions, provide competitively priced offerings, leverage online marketing, focus on building long-term relationships with end-users and focus on governments
The laser weapon systems market reached a value of nearly $ 4,852.4 million in 2021, having increased at a compound annual growth rate (CAGR) of 9.2%. since 2016. The market is expected to grow from $4,852.4 million in 2021 to $7,477.0 million in 2026 at a rate (CAGR) of 9.0%. The market is then expected to grow at a CAGR of 9.3% from 2026 and reach $11,660.3 million in 2031.
Growth in the historic period resulted from growing development in military drones, rise in aerial attacks, government initiatives and increasing investment in military and defense.
Going forward, the growing defense budgets, growth in artificial intelligence, increased research and development activities and Russia Ukraine war will drive the growth. Factors that could hinder the growth of the laser weapon systems market in the future include atmospheric interferences and geo-political tensions.
The laser weapon systems market is segmented by product into laser designator, lidar, 3d laser scanning, laser range finder, ring laser gyro and laser altimeter. The laser designator market was the largest segment of the laser weapon systems market segmented by product, accounting for 54.6% of the total in 2021. Going forward, the lidar market is expected to be the fastest growing segment in the laser weapon systems market segmented by product, at a CAGR of 11.6% during 2021-2026.
The laser weapon systems market is by technology into solid state laser, chemical laser, free electron laser, chemical oxygen iodine laser, tactical high energy laser. The solid state laser market was the largest segment of the laser weapon systems market segmented by technology, accounting for 35.4% of the total in 2021. Going forward, the chemical oxygen iodine laser segment is expected to be the fastest growing segment in the laser weapon systems market segmented by technology, at a CAGR of 10.5% during 2021-2026.
The laser weapon systems market is segmented by application into air based, ground based, sea based. The ground market was the largest segment of the laser weapon systems market segmented by application, accounting for 58.0% of the total in 2021. Going forward, the air based segment is expected to be the fastest growing segment in the laser weapon systems market segmented by application, at a CAGR of 10.6% during 2021-2026.
North America was the largest region in the laser weapon systems market, accounting for 34.0% of the total in 2021. It was followed by Asia-Pacific, and then the other regions. Going forward, the fastest-growing regions in the laser weapon systems market will be North America and Asia-Pacific where growth will be at CAGRs of 9.9% and 9.3% respectively. These will be followed by Western Europe, and Middle East, where the markets are expected to grow at CAGRs of 8.5% and 8.5% respectively.
The coronavirus pandemic has spread worldwide and is causing disruptions in global economies. Several industries are experiencing different challenges due to the effect of the pandemic, including the military and defense weapon industry. The impact of the pandemic on the weapon system manufacturing was considerably moderate due to shortage of labor, lockdown and low work force. The defense establishment needs to not only procure and manufacture weapon systems. It also demands continuous repair and maintenance to keep them in service. For instance, in 2020, the Navy called up some 1,600 naval reservists to support aircraft carrier and repair work to replace workers deemed at high risk from the coronavirus.
The laser weapon systems market is moderately fragmented with a large number of regional players operating in the market. The top ten competitors in the market made up to 15.52% of the total market in 2020. Raytheon Technologies Corporation was the largest competitor with 4.69% of the market, followed by The Boeing Company with 2.73%, Lockheed Martin Corporation with 2.68%, Leidos Holdings, Inc. with 1.86%, Elbit Systems Ltd. with 0.93%, General Atomics with 0.87%, Northrop Grumman Corporation with 0.73%, BAE Systems with 0.58%, BlueHalo with 0.36% and Saab with 0.08%.
The top opportunities in the laser weapon systems market segmented by product will arise in the laser designator segment, which will gain $1,236.4 million of global annual sales by 2026. The top opportunities in segment by technology will arise in the solid state Laser segment, which will gain $ 830.6 million of global annual sales by 2026. The top opportunities in segment by application will arise in the ground based segment, which will gain $ 1,343.4 million of global annual sales by 2026. The laser weapon systems market size will gain the most in the USA at $886.5 million.
Market-trend-based strategies for the laser weapon systems market include investing in the integration of artificial intelligence, integrating HELIOS to provide higher energy capability, producing new laser weapons, integrating high-energy lasers and developing of a laser weapon system demonstrator.
Player-adopted strategies in the laser weapon systems market include strengthening its product portfolio and collaborating with government and top companies.
To take advantage of the opportunities, the publisher reccomends the laser weapon systems companies to integrate artificial intelligence, use HELIOS (high-energy laser with integrated optical-dazzler and surveillance), focus on high-energy lasers, expand in emerging markets, focus on regions of conflict and mergers and acquisitions, provide competitively priced offerings, leverage online marketing, focus on building long-term relationships with end-users and focus on governments
Table of Contents
1. Laser Weapon Systems Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Laser Weapon Systems Market Characteristics
8. Laser Weapon Systems Trends And Strategies
9. COVID-19 Impact On The Laser Weapon Systems Market
10. Global Laser Weapon Systems Market Size And Growth
11. Global Laser Weapon Systems Market Segmentation
12. Laser Weapon Systems Market, Regional And Country Analysis
13. Asia-Pacific Laser Weapon Systems Market
14. Western Europe Laser Weapon Systems Market
15. Eastern Europe Laser Weapon Systems Market
16. North America Laser Weapon Systems Market
17. South America Laser Weapon Systems Market
18. Middle East Laser Weapon Systems Market
19. Africa Laser Weapon Systems Market
20. Global Laser Weapon Systems Market Competitive Landscape
21. Key Mergers And Acquisitions In The Laser Weapon Systems Market
22. Laser Weapon Systems Market Opportunities And Strategies
23. Laser Weapon Systems Market Conclusions And Recommendations
24. Appendix
Executive Summary
Laser Weapon Systems Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global laser weapon systems market as it emerges from the COVID 19 shut down.
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Description:
Where is the largest and fastest growing market for the laser weapon systems? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The laser weapon systems market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider laser weapon systems market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, seg-mentation by product, segmentation by technology, segmentation by application.
- Market Characteristics - The market characteristics section of the report defines and explains the laser weapon sys-tems market. This chapter also defines and describes goods and related services covered in the report.
- Trends And Strategies - This chapter describes the major trends shaping the global laser weapon systems market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact Of COVID-19 - This chapter discusses the impact of COVID-19 on the laser weapon systems market.
- Global Market Size And Growth - This section contains the global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2016-2031) and analysis for different segments.
- Regional Market Size and Growth - This section contains the region’s market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. The market overview sec-tions of the report describe the current size of the market, background information, government initiatives, regula-tions, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global laser weapon systems market, estimated market shares and company profiles for the leading players.
- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the mar-ket in recent years.
- Market Opportunities And Strategies- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competi-tors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for laser weapon system providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- 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
Companies Mentioned:
Raytheon Technologies Corporation; The Boeing Company; Lockheed Martin Corporation; Leidos Holdings; Inc.; Elbit Systems Ltd.
Countries:
Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; indicators comparison.
Data segmentations:
country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Raytheon Technologies Corporation
- The Boeing Company
- Lockheed Martin Corporation
- Leidos Holdings Inc.
- Elbit Systems Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 4852.4 Million |
| Forecasted Market Value ( USD | $ 11660.3 Million |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
