Mar 7, 2022   SOURCE: BusinessWire

Global Laser Weapon Systems Market Report (2021 to 2030) - Featuring Boeing, Elbit Systems and BAE Systems Among Others - ResearchAndMarkets.com

The "Laser Weapon Systems Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global laser weapon systems market.

The global laser weapon systems market is expected to grow from $3.86 billion in 2020 to $4.37 billion in 2021 at a compound annual growth rate (CAGR) of 13.2%.

The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $10.03 billion in 2025 at a CAGR of 23.1%.

Companies Mentioned

  • Applied Technology Associates
  • Boeing
  • Elbit Systems Ltd.
  • General Atomics
  • BAE Systems
  • Lockheed Martin Corporation
  • MBDA
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Rheinmetall AG
  • Thales Group
  • Kratos
  • Leidos
  • Leonardo SpA
  • Rafael Advanced Defense Systems

Reasons to Purchase

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The laser weapon systems market consists of sales of laser weapons by entities (organizations, sole traders, and partnerships) that manufacture directed-energy weapons based on lasers. The laser weapon system generates high-energy pulses, that enable an impact on the target. This type of weapon works on the principle of light amplification through stimulated radiation emission (LASER).

The main types of products in laser weapons systems are laser designator, LIDAR, 3D laser scanning, laser range finder, ring laser gyro, and laser altimeter. Laser designator is a type of laser weapons system that allows laser designation or surveillance squad to target the designation of laser-guided munitions. The different technologies include solid-state laser, chemical laser, free-electron laser, chemical oxygen-iodine laser, tactical high energy laser, others and is used in air-based, ground-based, and sea-based operations.

The increasing research and development activities in laser weapons are shaping the laser weapon systems market. With growing defense budgets and research grants, militaries around the world are using high-energy laser equipment and investing heavily in research and development. For instance, in May 2021, the US military began research on a prototype laser weapon for short-range air defense, which is a 50-kilowatt high-energy laser mounted on an identifiable position of a Stryker A1 vehicle to lock, track and destroy air threats.

The increasing investment in military and defense is expected to contribute to the growth of the laser weapon systems market in the coming years. Air-based laser weapon systems provide flexibility and accuracy for self-protection against aircraft, missiles, and ground-based weapons in the military and defense sectors.

Key Topics Covered:

1. Executive Summary

2. Laser Weapon Systems Market Characteristics

3. Laser Weapon Systems Market Trends and Strategies

4. Impact Of COVID-19 On Laser Weapon Systems

5. Laser Weapon Systems Market Size and Growth

5.1. Global Laser Weapon Systems Historic Market, 2015-2020, $ Billion

5.2. Global Laser Weapon Systems Forecast Market, 2020-2025F, 2030F, $ Billion

6. Laser Weapon Systems Market Segmentation

6.1. Global Laser Weapon Systems Market, Segmentation by Product, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

6.2. Global Laser Weapon Systems Market, Segmentation by Technology , Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

6.3. Global Laser Weapon Systems Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

7. Laser Weapon Systems Market Regional and Country Analysis

7.1. Global Laser Weapon Systems Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

7.2. Global Laser Weapon Systems Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/mpeyq3