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1018082

North America Laser Weapon Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Chemical Laser, Solid-State Laser, Free Electron Laser, and Fiber Laser) and Application (Air-based, Ground-based, and Sea-based)

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North America Laser Weapon Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Chemical Laser, Solid-State Laser, Free Electron Laser, and Fiber Laser) and Application (Air-based, Ground-based, and Sea-based)
Published: June 3, 2021
The Insight Partners
Content info: 115 Pages
Delivery time: 1-2 business days
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Description

The North America laser weapon systems market is expected to grow from US$ 769.84 million in 2021 to US$ 2,645.09 million by 2028; it is estimated to grow at a CAGR of 19.3 % from 2021 to 2028. Technological advancement in laser weapon system fuel the growth of the North America laser weapon systems market. Improvements in laser techniques have resulted in high-energy laser weapons with longer range. Laser weapon-developing companies such as Raytheon Technologies, Lockheed Martin Corporation, and Dynetics Inc. are introducing new developments in laser technologies. For instance, Lockheed Martin is advancing its efforts to deliver High-Energy Laser and Integrated Optical-Dazzler with Surveillance (HELIOS) for the US Navy by combining long-range ISR, laser weapon, and counter-UAS capabilities to enhance situational awareness and layered defense. The market players across North America are launching new laser weapon systems depicting advanced versions with better performance. Therefore, the increasing developments in laser weapon systems give a variety of options to customers, thereby augmenting the North America laser weapon systems market growth.

Countries in North America, especially the US, are highly affected due to the COVID-19 outbreak. The emergence of the outbreak across the region led to lockdown scenarios. Therefore, the industry experts analyzed that the defense equipment manufacturing industry would face 4 weeks to 12 weeks of lag in military electronic part supply chain. This disruption in supply chain damaged the defense equipment manufacturing in 2020 across North America. The recovery period of the COVID-19 pandemic impact on the defense industry is foreseen to be quicker than various other industries. The economic growth has lowered, which delayed the ongoing projects of military and defense up-gradation. The US is one of the major exporters of arms products, but due to the disrupted supply chain and lower economic conditions of importing countries, export revenue is reduced. Enhancing trade relations to support international supply post lockdown would help the market to regain its position. The limited workforce, due to the physical distancing measures, hampered the production activities in country. Also, the disruption in defense electronics supply chain caused damage to the US laser weapon systems market.

Based on type, the fiber laser segment led the North America laser weapon systems market in 2020. Fiber lasers are made from three-layer optical fiber where the gun pumps the light from diode lasers into optical fiber. This laser light travels the fiber's long length with multiple reflecting mirrors and exist at one end. The smaller and cleaner solution offered by fiber lasers is accelerating the market growth for the segment. Also, the smaller size of fiber laser systems makes them suitable for helicopters, ships, and ground vehicles. The increasing focus on fiber lasers as they offer extreme power is also accelerating the market growth for the segment. For instance, the US is aiming to develop fiber lasers at the 100-?kW level to destroy the targets from kilometers away. A few advantages of fiber laser such as more suitable for vehicles, more power, customizable, smaller, and cleaner solution are expected to increase its demand in the coming years, which would drive the growth of the North America laser weapon systems market during the forecast period.

The overall North America laser weapon systems market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America laser weapon systems market. The process also serves the purpose of obtaining an overview and forecast for the North America laser weapon systems market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America laser weapon systems market. Applied Technology Associates; Boeing; Elbit Systems Ltd.; General Atomics; L3Harris Technologies, Inc.; Lockheed Martin Corporation; MBDA; Northrop Grumman Corporation; Raytheon Technologies Corporation; and Rheinmetall AG are among the players operating in the market.

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America laser weapon systems market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in North America laser weapon systems market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the laser weapon systems market, as well as those hindering it  
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
Table of Contents
Product Code: TIPRE00022811

Table Of Contents

1. Introduction

  • 1.1 Study Scope
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

  • 3.1 Coverage
  • 3.2 Secondary Research
  • 3.3 Primary Research

4. North America Laser Weapon Systems Market Landscape

  • 4.1 Market Overview
  • 4.2 Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Buyers
    • 4.2.2 Bargaining Power of Suppliers
    • 4.2.3 Threat to New Entrants
    • 4.2.4 Threat to Substitutes
    • 4.2.5 Competitive Rivalry
  • 4.3 Ecosystem Analysis

5. North America Laser Weapon Systems Market - Key Market Dynamics

  • 5.1 Market Drivers
    • 5.1.1 Growing Investment in Weapon Systems
    • 5.1.2 Technological Advancement in Laser Weapon System
  • 5.2 Market Restraints
    • 5.2.1 Less Adoption of Laser Weapon Systems
  • 5.3 Market Opportunities
    • 5.3.1 Development of Laser Weapon System for Fighter Aircraft
  • 5.4 Future Trends
    • 5.4.1 Rising Demand of High-Energy Laser Weapon System
  • 5.5 Impact Analysis of Drivers and Restraints

6. Laser Weapon Systems Market - North America Analysis

  • 6.1 North America Laser Weapon Systems Market Overview
  • 6.2 North America Laser Weapon Systems Market Revenue Forecast and Analysis

7. North America Laser Weapon Systems Market Revenue and Forecast To 2028 - By Type

  • 7.1 Overview
  • 7.2 North America Laser Weapon Systems Market, By Type (2020 & 2028)
  • 7.3 Chemical Laser
    • 7.3.1 Overview
    • 7.3.2 Chemical Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • 7.4 Solid-State Laser
    • 7.4.1 Overview
    • 7.4.2 Solid-State Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • 7.5 Free Electron Laser
    • 7.5.1 Overview
    • 7.5.2 Free Electron Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • 7.6 Fiber Laser
    • 7.6.1 Overview
    • 7.6.2 Fiber Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

8. North America Laser Weapon Systems Market Analysis and Forecast To 2028 - By Application

  • 8.1 Overview
  • 8.2 North America Laser Weapon Systems Market, By Application (2020 & 2028)
  • 8.3 Air-based
    • 8.3.1 Overview
    • 8.3.2 Air-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • 8.4 Ground-based
    • 8.4.1 Overview
    • 8.4.2 Ground-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • 8.5 Sea-based
    • 8.5.1 Overview
    • 8.5.2 Sea-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

9. North America Laser Weapon Systems Market - Country Analysis

  • 9.1 Overview
    • 9.1.1 North America: Laser Weapon Systems Market, by Key Country
    • 9.1.2 US: Laser Weapon Systems Market - Revenue and Forecast to 2028 (US$ Million)
      • 9.1.2.1 US: Laser Weapon Systems Market, by Type
      • 9.1.2.2 US: Laser Weapon Systems Market, by Application
    • 9.1.3 Canada: Laser Weapon Systems Market - Revenue and Forecast to 2028 (US$ Million)
      • 9.1.3.1 Canada: Laser Weapon Systems Market, by Type
      • 9.1.3.2 Canada: Laser Weapon Systems Market, by Application
    • 9.1.4 Mexico: Laser Weapon Systems Market - Revenue and Forecast to 2028 (US$ Million)
      • 9.1.4.1 Mexico: Laser Weapon Systems Market, by Type
      • 9.1.4.2 Mexico: Laser Weapon Systems Market, by Application

10. North America Laser Weapon Systems Market - COVID-19 Impact Analysis

  • 10.1 North America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

  • 11.1 Overview
    • 11.1.1 Market Initiative
    • 11.1.2 Mergers and Acquisitions
    • 11.1.3 Product Launch

12. Company Profiles

  • 12.1 Elbit Systems Ltd.
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
    • 12.1.6 Key Developments
  • 12.2 L3Harris Technologies, Inc.
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
    • 12.2.6 Key Developments
  • 12.3 Lockheed Martin Corporation
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
    • 12.3.6 Key Developments
  • 12.4 MBDA
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
    • 12.4.6 Key Developments
  • 12.5 Northrop Grumman Corporation
    • 12.5.1 Key Facts
    • 12.5.2 Business Description
    • 12.5.3 Products and Services
    • 12.5.4 Financial Overview
    • 12.5.5 SWOT Analysis
    • 12.5.6 Key Developments
  • 12.6 Raytheon Technologies Corporation
    • 12.6.1 Key Facts
    • 12.6.2 Business Description
    • 12.6.3 Products and Services
    • 12.6.4 Financial Overview
    • 12.6.5 SWOT Analysis
    • 12.6.6 Key Developments
  • 12.7 Rheinmetall AG
    • 12.7.1 Key Facts
    • 12.7.2 Business Description
    • 12.7.3 Products and Services
    • 12.7.4 Financial Overview
    • 12.7.5 SWOT Analysis
    • 12.7.6 Key Developments
  • 12.8 Boeing
    • 12.8.1 Key Facts
    • 12.8.2 Business Description
    • 12.8.3 Products and Services
    • 12.8.4 Financial Overview
    • 12.8.5 SWOT Analysis
    • 12.8.6 Key Developments
  • 12.9 Applied Technology Associates
    • 12.9.1 Key Facts
    • 12.9.2 Business Description
    • 12.9.3 Products and Services
    • 12.9.4 Financial Overview
    • 12.9.5 SWOT Analysis
    • 12.9.6 Key Developments
  • 12.10 General Atomics
    • 12.10.1 Key Facts
    • 12.10.2 Business Description
    • 12.10.3 Products and Services
    • 12.10.4 Financial Overview
    • 12.10.5 SWOT Analysis
    • 12.10.6 Key Developments

13. Appendix

  • 13.1 About The Insight Partners
  • 13.2 Word Index

List Of Tables

  • Table 1. North America Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • Table 2. North America: Laser Weapon Systems Market, by Country - Revenue and Forecast to 2028 (US$ Million)
  • Table 3. US: Laser Weapon Systems Market, by Type - Revenue and Forecast to 2028 (US$ Million)
  • Table 4. US: Laser Weapon Systems Market, by Application - Revenue and Forecast to 2028 (US$ Million)
  • Table 5. Canada: Laser Weapon Systems Market, by Type - Revenue and Forecast to 2028 (US$ Million)
  • Table 6. Canada: Laser Weapon Systems Market, by Application - Revenue and Forecast to 2028 (US$ Million)
  • Table 7. Mexico: Laser Weapon Systems Market, by Type - Revenue and Forecast to 2028 (US$ Million)
  • Table 8. Mexico: Laser Weapon Systems Market, by Application - Revenue and Forecast to 2028 (US$ Million)
  • Table 9. List of Abbreviation

List Of Figures

  • Figure 1. North America Laser Weapon Systems Market Segmentation
  • Figure 2. North America Laser Weapon Systems Market Segmentation - By Country
  • Figure 3. North America Laser Weapon Systems Market Overview
  • Figure 4. North America Laser Weapon Systems Market, by Type
  • Figure 5. North America Laser Weapon Systems Market, by Application
  • Figure 6. North America Laser Weapon Systems Market, By Country
  • Figure 7. Porter's Five Forces Analysis
  • Figure 8. North America Laser Weapon Systems Market- Ecosystem Analysis
  • Figure 9. North America Laser Weapon Systems Market Impact Analysis of Drivers and Restraints
  • Figure 10. North America Laser Weapon Systems Market Revenue Forecast and Analysis (US$ Million)
  • Figure 11. North America Laser Weapon Systems Market, by Type (2020 & 2028)
  • Figure 12. North America Chemical Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • Figure 13. North America Solid-State Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • Figure 14. North America Free Electron Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • Figure 15. North America Fiber Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • Figure 16. North America Laser Weapon Systems Market, By Application (2020 & 2028)
  • Figure 17. North America Air-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • Figure 18. North America Ground-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • Figure 19. North America Sea-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
  • Figure 20. North America: Laser Weapon Systems Market, by Key Country - Revenue (2020) (USD Million)
  • Figure 21. North America: Laser Weapon Systems Market Revenue Share, by Key Country (2020 & 2028)
  • Figure 22. US: Laser Weapon Systems Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 23. Canada: Laser Weapon Systems Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 24. Mexico: Laser Weapon Systems Market - Revenue and Forecast to 2028 (US$ Million)
  • Figure 25. Impact of COVID-19 Pandemic in North American Country Markets