Military Airborne Laser Market is estimated to witness a CAGR of 9% by 2023

May, 2023, Research report on global military airborne laser market. The global military airborne laser market is estimated to witness a CAGR of 9% from 2020 till 2030.

Market Highlights:

Military Airborne Laser Market Size is expected to reach USD 971.8 Million by 2030, registering a CAGR of 17.32% during 2020-2030.

Military airborne laser is designed as a compact laser system that directs the laser on the target. The airborne lasers support different types of operations of the armed forces, and have applications in LIDAR, 3D scanning, laser weapon, laser range finder and laser altimeter. The increased focus on advancing commercial technologies will enable manufacturers to improve the quality of military airborne laser. The factors that drive the growth of the global military airborne laser market are need for highly precise weapons, and increasing use of high-speed laser in military applications. However, the restraints for the military airborne laser market are lack of awareness among end-users, high development cost, regulatory hurdles, and technological constraints, due to which only few countries can work on the development of airborn lasers

On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East, and South America. In the North America region, there is increased usage of surveying and mapping for military applications. In the Asia Pacific region, growing border disputes have resulted in the requirement of airborne laser systems in emerging economies such as China and India, and the developed economy of Japan. For instance, Lockheed Martin signed a contract with the U.S. Airforce to develop and produce high-energy fiber laser weapons for tactical fighter aircraft. The market for military airborne laser is estimated to witness a CAGR of 9% during the forecast period.

Drivers:

The scope of the Report

This study provides an overview of the Global Military Airborne Laser Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Military Airborne Laser Market by its fuel type, vehicle type, and region.

• By Product Type


• LIDAR


• 3D Scanning


• Laser Weapon


• Laser Range Finder


• Laser Altimeter


• Others


• By Technology


• Fiber-Optic


• Solid-State


• Chemical


• CO2


• Semiconductor


• By Application


• Defense


• Homeland Security


• By Platform


• Fixed Wing


• Rotary Wing


• UAV


• By Region


• America


• Europe


• Asia Pacific


• Middle East & Africa


• South America

Key Players

The key players in Global Military Airborne Laser Market are Coherent Inc. (U.S.), Newport Corporation (U.S.), Northrop Grumman Corporation (U.S.), Lockheed Martin Corporation (U.S.), Thales Group (France), Raytheon Company (U.S.), American Laser Enterprises LLC (U.S.), BAE Systems PLC (U.K.), Frankfurt Laser Company (Germany) and Saab AB (Sweden).