Nov 22, 2021   SOURCE: BusinessWire

Global Laser Weapon System Market (2021 to 2028) - Featuring BAE Systems, Boeing and General Atomics Among Others - ResearchAndMarkets.com

The "Laser Weapon System Market Size, Share & Analysis, By Technology, By Power, By Platform, By Range, By Application, By Region, Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.

The global laser weapon system market size is expected to reach USD 34.02 Billion in 2028, and register a CAGR of 10.8% during the forecast period. Major factors driving market growth include increasing need for fast-delivery laser weapons that enable disabling of distant targets at faster rate than previously developed weapons, coupled with rising incidence of security threats, and need for advanced defense weapons for homeland security.

Laser weapon system is a type of weapons that function on principle of LASER, which means Light Amplification by Stimulated Emission of Radiation. Laser weapon system generates high energy pulses, which result in an impact similar to an explosive on the target. These weapons operate at nil-cost-per-shot, which means the expense can be reduced to as low as the cost of operating a generator. Moreover, time of flight of laser beam is instantaneous, leaving the target with no space or time to avoid a strike. These are factors expected to drive adoption of such weapons and support growth of the global laser weapon system market.

However, high cost of laser weapon systems, and susceptibility to degradation due to atmosphere are factors that could hamper growth of the global laser weapon system market to a certain extent.

Some Key Findings From the Report:

  • Among the platform outlook, the land segment accounted for the largest revenue share in 2020.
  • Among the power outlook, the 25 to 70kW segment accounted for major revenue share in 2020. The more than 70kW segment accounted for second-largest revenue share in 2020.
  • The North America market accounted for major revenue share in 2020, due to presence of various major manufacturers operating in the region, and constant investments in research and development by government for technologically advanced laser weapons.
  • Key players profiled in the report include BAE Systems, Azimuth Corp., Boeing, General Atomics, Raytheon, Lockheed Martin, Thales, Northrop Grumman, Kratos, and Rheinmetall AG. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

Reasons to Buy the Report

  • A robust analysis and estimation of the Laser Weapon System Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
  • A holistic competitive landscape of all the major players in the Laser Weapon System Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
  • Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
  • Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
  • Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization

Key Topics Covered:

Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Introduction

2.2. Summary Snapshot, 2020 - 2028

2.3. Assumptions

2.4. Limitations

Chapter 3. Indicative Metrics

Chapter 4. Global Laser Weapon Systems Market Segmentation & Impact Analysis

4.1. Global Laser Weapon Systems Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market Indicators Analysis

4.2.2. Market Drivers Analysis

4.2.2.1. Fast delivery helping in disabling distant targets

4.2.2.2. Security threats

4.2.3. Market Restraints Analysis

4.2.3.1. High cost of equipment

4.2.4. Market Opportunities Analysis

4.3. Regulatory Framework

4.4. Porter's Five Forces Analysis

4.5. PESTEL Analysis of Laser Weapon Systems market

Chapter 5. Global Laser Weapon Systems Market, Technology Insights & Trends

Chapter 6. Global Laser Weapon Systems Market, Power Insights & Trends

Chapter 7. Global Laser Weapon Systems Market, Platform Insights & Trends

Chapter 8. Global Laser Weapon Systems Market, Range Insights & Trends

Chapter 9. Global Laser Weapon Systems Market, Application Insights & Trends

Chapter 10. Global Laser Weapon Systems Market Regional Outlook

Chapter 11. Competitive Landscape

11.1. Overview

11.2. Market Revenue Share by Manufacturers

11.3. Strategic Benchmarking

11.4. Vendor Analysis

Chapter 12. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/rmyj5y