Feb 3, 2021   SOURCE: BusinessWire

Global $6.9 Bn Military Laser Systems Market Trajectory & Analytics to 2027: Focus on Laser Weapon Systems, Laser Radar Systems, Laser Target Designators - ResearchAndMarkets.com

The "Military Laser Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Military Laser Systems Market to Reach $6.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Military Laser Systems estimated at US$4.4 Billion in the year 2020, is projected to reach a revised size of US$6.9 Billion by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027.

Laser Weapon Systems, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$4.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Laser Radar Systems segment is readjusted to a revised 7.8% CAGR for the next 7-year period.

The U. S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 6.2% CAGR

The Military Laser Systems market in the U. S. is estimated at US$1.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 6.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.

Laser Target Designators Segment to Record 5.1% CAGR

In the global Laser Target Designators segment, USA, Canada, Japan, China and Europe will drive the 5.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$365.4 Million in the year 2020 will reach a projected size of US$519.3 Million by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$792.8 Million by the year 2027.

The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • American Laser Enterprises LLC (ALE)
  • BAE Systems PLC
  • Coherent, Inc.
  • Frankfurt Laser Company
  • Lockheed Martin Corporation
  • Newport Corporation
  • Northrop Grumman Corporation
  • Quantel Group
  • Raytheon Company
  • Thales Group

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Military Laser Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • Military Laser Systems Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • Military Laser Systems Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
  • Military Laser Systems Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
  • Laser Weapon Systems (Product) World Market by Region/Country in US$ Million: 2020 to 2027
  • Laser Weapon Systems (Product) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
  • Laser Weapon Systems (Product) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
  • Laser Radar Systems (Product) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
  • Laser Radar Systems (Product) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
  • Laser Radar Systems (Product) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
  • Laser Target Designators (Product) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
  • Laser Target Designators (Product) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
  • Laser Target Designators (Product) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures
  • Military Laser Systems Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • Military Laser Systems Market Estimates and Projections in US$ Million by Product: 2020 to 2027
  • Military Laser Systems Market by Product: A Historic Review in US$ Million for 2012-2019
  • Military Laser Systems Market Share Breakdown by Product: 2012 VS 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/ruf435