Laser Defense Eyewear Market is predicted to reach USD 1.05 Billion at a CAGR of 6.70% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Laser Defense Eyewear Market” that contains information from 2018 to 2027. The Laser Defense Eyewear market is estimated to register a CAGR of 6.70% during the forecast period of 2023 to 2027.
MRFR recognizes the following companies as the key players in the global Laser Defense Eyewear market— Revision Military (US), ESS (Eye Safety Systems, Inc. (US), NoIR LaserShields (US), Laser Safety Industries (US), PerriQuest Defense Research Enterprises (US), and ST Laserstrike (US).
Laser Defense Eyewear Market Highlights
The global Laser Defense Eyewear market is accounted to register a CAGR of 6.70% during the forecast period and is estimated to reach USD 1.05 Billion by 2027.
The laser defense eyewear market comprises protective eyewear designed to shield users from laser threats. These specialized glasses use advanced materials to block or attenuate harmful laser radiation, safeguarding the eyes of military personnel, law enforcement, and others working in environments with laser-based risks.
Segment Analysis
The global Laser Defense Eyewear market has been segmented based on civil and military.
On the basis of application, the market is segmented into Wraparound Style, Goggle Style and Over Spectacles Style. The civil category, which had the biggest market share of these at 61.44% in 2018, is expected to grow at a CAGR of 7.74% over the course of the forecast year.
Based on end user, the global Laser Defense Eyewear market has been segmented into paramilitary forces and armed troops. With a market share of 77.51% in 2018, the sector for armed soldiers is predicted to grow at a CAGR of 8.10% over the course of the forecast period. The increase in military combat operations is propelling the market segment's expansion.
Regional Analysis
The global Laser Defense Eyewear market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Laser Defense Eyewear market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Laser Defense Eyewear market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Laser Defense Eyewear market comprises of Middle East, Africa, and Latin America.
The North American Laser Defense Eyewear Market dominated this market in 2022. Due to the increased use of cutting-edge military equipment by soldiers in special operations and on the battlefield, the North American market for laser defence eyewear is predicted to expand rapidly during the projected period.
Additionally, North America, particularly the United States, has been a significant market for laser defense eyewear due to its strong defense and security sector. The region's investment in military technology and equipment drives demand for protective eyewear that shields against laser threats.
European countries with well-established defense industries and research capabilities also contribute to the laser defense eyewear market. Nations within the European Union and NATO may invest in such eyewear to enhance the protection of their armed forces.
As defense spending increases in some Asia-Pacific countries, the demand for laser defense eyewear could grow. Nations like China, India, and South Korea, which are enhancing their defense capabilities, might drive regional market growth.
The Middle East, due to geopolitical tensions and security concerns, might present opportunities for the laser defense eyewear market. Defense forces and security personnel in the region could seek advanced eyewear to counter laser-based threats.
Latin America's adoption of laser defense eyewear may be influenced by factors such as regional security challenges and modernization efforts within defense and law enforcement sectors.
Key Findings of the Study
- The global Laser Defense Eyewear market is expected to reach USD 1.05 Billion by 2027, at a CAGR of 6.70% during the forecast period.
- The North American Laser Defense Eyewear Market dominated this market in 2022. Due to the increased use of cutting-edge military equipment by soldiers in special operations and on the battlefield.
- Based on application, The civil category, which had the biggest market share of these at 61.44% in 2018, is expected to grow at a CAGR of 7.74% over the course of the forecast year.
- Revision Military (US), ESS (Eye Safety Systems, Inc. (US), NoIR LaserShields (US), Laser Safety Industries (US), PerriQuest Defense Research Enterprises (US), and ST Laserstrike (US).
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Companies Covered | 15 |
Pages | 140 |
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