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Military Laser Systems Market Trends

Report ID: GMI5764
Published Date: May 2023
Report Format: PDF

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Military Laser Systems Market Trends

Technological breakthroughs and increased R&D investments are projected to aid market growth. Military lasers are precise enough for long-range applications. These systems can also be used for laser communication. Lasers, in this regard, produce short pulses with low energy consumption. Laser systems are used in military applications to protect troops in the field from artillery shells, military drones, and missiles. Military lasers do not emit miniature sonic booms, are silent, and cannot be detected by humans. This is increasing the demand for military laser systems, which is estimated to fuel market growth.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market valuation of laser systems reached USD 4 billion in 2022 and is anticipated to grow at over 5% CAGR between 2023 and 2032 fueled by a significant rise in geopolitical conflicts and terrorist activities globally.

The 3D scanning segment is expected to grow at 4% CAGR through 2032 owing to the increasing use of this technology for surveying, mapping, and measuring objects in hard-to-reach places in the military sector.

The Europe market for military laser systems is projected to grow at 8% CAGR through 2032 attributed to the increasing government focus on bolstering military hardware and laser weapon innovations by manufacturers.

BAE Systems PLC, Boeing, Coherent Corp, Elbit Systems, L3Harris Technologies, Inc., Leonardo S.p.A., Lockheed Martin Corporation, MBDA, Newport Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, and SAFRAN SA are the major players in the market.