Market Synopsis:
Laser systems have gained popularity in defense sector as equipment to control riots or unrest. Market Research Future (MRFR) has studied the global military laser systems market to reveal that it is anticipated to expand at 10% CAGR during the review period 2018 to 2023.
Increasing cases of civil unrest and internal militancy on the global front is poised to boost the growth pattern of the military laser systems market over the next couple of years. In addition, the rising cross border conflicts, especially in the Middle East and Asia Pacific is projected to impact the expansion of the global market greatly in the upcoming years.
Innovations in technology by key players are anticipated to unleash growth opportunities for the players in the military laser systems market in the years to come. Increasing budget allocations are also prognosticated to increase revenue earnings of the market over the evaluation period.
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Competitive Dashboard:
BAE Systems (UK)
L3 Technologies (US)
FLIR Systems Inc. (US)
Lockheed Martin Corporation (US)
Northrop Grumman Corporation (US)
Elbit Systems Ltd (Israel)
Safran Electronics & Defense (France)
Saab AB (Sweden)
Raytheon Company (US)
Thales Group (France)
These players area anticipated to invest massively on the expansion of technological capabilities for gaining an edge over its competitors. In addition, the focus of the expansion of global footprint is further anticipated to encourage competitiveness in the global military laser systems market over the next couple of years. Te growth approaches to be used by these players to garner more market share are mergers & acquisitions, strategic partnerships, agreements, collaborations.
Market Segmentation:
By product type, the military laser systems market has been segmented into laser designator/rangefinder,laser weapon, lidar, pointers, and others. Among these, the laser weapon segment held the maximum market share in 2017 and is anticipated to retain its dominant hold in the market place over the next couple of years.
Based on technology, the military laser systems market has been segmented into fiber laser, semiconductor laser, diode lasers, chemical laser, co2 laser, and solid-state laser. The solid-state laser segment held the largest share of the market in 2017 and is poised to lead the secure pole position in the years to come. In addition, the chemical laser segment is projected to reflect the highest CAGR over the assessment period.
The segments of the global military laser systems market, on the basis of application, are marking targets, blinding troops, missile defense, guiding munitions, electro-optical countermeasures (EOCM), and others. Among these, the marking targets segment led the growth of the market in 2017. It is expected to hold the dominant position in the market place in the years to come. Meanwhile, the guiding munitions segment is projected to expand at the highest CAGR during the review period.
Regional Analysis:
The regional study of the global military laser systems market spans across North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America. These regions are further studied on a country-level basis. Among these, North America is the largest regional segment for military laser systems. The presence of major market participants in the region is anticipated to boost the revenue creation of the military laser systems market in the years to come. Asia Pacific is poised to emerge as the fastest growing segment over the next couple of years. The rising problem of terrorism in the region is expected to play a crucial role in the development of the military laser systems market.
Table of Content:
1 Executive Summary
2 Scope of the Report
2.1. Market Definition
2.2. Scope of The Stud
2.3. Market Structure
2.4. Key Takeaways
2.5. Key Buying Criteria
3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions
4 Market Landscape
4.1. Porter’s Five Forces Analysis
4.1.1. Threat of New Entrants
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of Substitutes
4.1.4. Segment Rivalry
4.1.5. Bargaining Power of Suppliers
4.2. Supply Chain Analysis
Continued. . .
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