Market Research Report
Military Laser Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Military Laser Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
Published: November 10, 2021
IMARC Services Private Limited
Content info: 146 Pages
Delivery time: 2-3 business days
The global military laser systems market grew at a CAGR of 7% during 2015-2020. A military laser system refers to defense equipment that is widely adopted for various military-based applications ranging from lethal activities to detecting a range of objects. Some of the common product variants include semiconductor lasers, dye lasers, chemical lasers, etc. Military laser systems are primarily integrated with directed energy weapons, missile guidance equipment, laser sights, designators, rangefinders, etc.
A significant rise in geopolitical conflicts and terrorism activities across the globe is primarily driving the demand for military laser systems. Furthermore, the growing adoption of various laser-based military solutions, including offensive laser systems, perimeter breach detection systems, laser countermeasure systems, etc., in threat mitigation and weapon guidance applications is also propelling the market growth. Additionally, the increasing investments in the defense sector coupled with the introduction of various military modernization programs are further augmenting the global market. Moreover, the rising inclination towards communication navigation surveillance (CNS) systems to improve situational awareness and reduce the workload of military personnel is also catalyzing the demand for military laser systems. Besides this, the emergence of artificial intelligence (AI) has enabled the production of innovative laser equipment with advanced monitoring, targeting, and information-gathering systems, thereby propelling the market growth. In addition to this, the growing installation of military laser systems on remotely operated underwater vehicles (ROVs) and unmanned combat aerial vehicles (UCAV) will continue to drive the global market over the forecasted period. Looking forward, IMARC Group expects global military laser systems market to exhibit moderate growth during the next five years.