Military Laser Systems Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| CAGR | 6.70 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Military Laser Systems Market Analysis
The military laser systems market is anticipated to grow from USD 5.6 billion in 2022 to USD 8.7 billion in 2028, registering a CAGR of 6.7% during the forecast period.
The COVID-19 pandemic exposed the aerospace and defense (A&D) manufacturing industry to face an unprecedented supply chain shock, which led to temporary price escalations and delays for critical components across various platforms. However, the defense sector remained stable due to the steady increase in defense budgets for most leading countries.
The military is deploying cutting-edge laser systems onboard a variety of military platforms to support the combat and non-combat needs of military personnel due to the escalating geopolitical issues. The growing demand for such systems from the global armed forces for integration into a variety of weapons is propelling the market for military laser systems. The adoption of such systems is also being fueled by their inherent advantages, which include high accuracy, rapid traversal, and affordability. However, the inherent capital-intensive nature of the defense electronics industry due to the high associated costs for R&D and procurement of the systems is expected to hinder the growth of the market focus during the forecast period.
Military Laser Systems Market Trends
Directed Energy Weapons Segment Projected to Exhibit the Highest CAGR During the Forecast Period
Directed energy weapons offer a more cost-effective, high-speed, highly accurate method to counter aerial threats compared to using a highly expensive missile to destroy moderate-level threats, like small drones. The existing DEWs are focused on defensive functions such as safeguarding critical facilities against missiles, drones, and boats. Defense firms and organizations are investing in R&D to expand the current applications of DEWs. The directed energy weapons segment will see a surge in the future owing to the arms race between the global military powerhouses. DEWs are expected to be equipped with combat platforms and deployed along with conventional weapons by 2025. The US gradually began to install the laser defense weapon system HELIOS (High Energy Laser and Integrated Optical-Dazzler with Surveillance) on its destroyers in 2021. These systems will enhance the defense against hypersonic projectiles that can evade even the AEGIS missile defense system, thereby strengthening the aerial defense capabilities of the military. Additionally, in September 2021, the UK’s Ministry of Defence (MOD) awarded three contracts to deploy directed energy weapons - including one radio-frequency system and two high-power lasers with the Royal Navy and the British Army. UK’s Ministry of Defence (MoD) has planned to spend up to GBP 130 million on the development of three directed energy weapons, with initial deployment in 2023. The armed forces are investing in the integration of advanced weapon systems such as directed energy weapons on board the vehicles, which is driving the growth of the market.Such developments are expected to propel the growth of the segment during the forecast period.
North America to Dominate the Market During the Forecast Period
North America is anticipated to show remarkable growth during the forecast period. The defense industry in the region is mature and strongly supported by a robust R&D infrastructure. The country has put forth several programs in recent years aimed at developing laser-based weapon technologies. The military is currently aiming to install various laser-based weapon and defense systems on ground vehicles, ships, as well as aircraft. In September 2022, the US Army tested its first high-energy laser weapon from defense contractors Northrop Grumman and Raytheon to validate short-range air defense (SHORAD) against a series of simulated threats and combat scenarios. Additionally, the US Army is also developing the most powerful laser weapon to date under the Indirect Fires Protection Capability-High Energy Laser (IFPC-HEL) program. The US military is already using 100kW-150kW laser weapons and is developing more powerful 300kW laser weapons to counter supersonic cruise missiles. Such developments are expected to boost the market growth of North America during the forecast period.
Military Laser Systems Industry Overview
Prominent players in the military laser systems market include Lockheed Martin Corporation, MBDA, The Boeing Company, Raytheon Technologies Corporation, and Northrop Grumman Corporation, among others. The growing adoption of military laser systems globally is accredited to growing collaboration and partnerships between various defense manufacturers. The use of laser technologies is growing rapidly in the military, with a lot of scope for innovation. Players are developing several types of advanced laser systems to attract new customers. In this regard, in April 2022, Israel tested the Iron Beam, a new laser-based air defense system capable of destroying aerial threats like UAVs, missiles, rockets, etc. The Iron Beam was developed by Rafael Advanced Defence Systems. The development of such technologies will help the growth of the players in the market during the forecast period.
Military Laser Systems Market Leaders
Lockheed Martin Corporation
Raytheon Technologies Corporation
The Boeing Company
Northrop Grumman Corporation
MBDA
*Disclaimer: Major Players sorted in no particular order
Military Laser Systems Market News
- In April 2023, the US Department of Defence (DoD) selected NUBURU Inc. of Centennial for a position on the multiple-award indefinite-delivery/indefinite-quantity (IDIQ) contract for the fabrication and delivery of prototypes and equipment in support of solid-state high-energy laser (HEL) weapon systems. NUBURU Inc. conducts research, development, design, and manufacturing of high-power, high-brightness blue lasers.
- In March 2023, Blighter Surveillance Systems was awarded a contract to supply its multi-mode A800 3D e-scan radars to Raytheon UK as part of a laser weapon project with the UK MoD.
Military Laser Systems Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2027)
5.1 Technology
5.1.1 Solid State Lasers
5.1.2 Gas Lasers
5.1.3 Others
5.2 Application
5.2.1 Directed Energy Weapons
5.2.2 Guidance Systems
5.2.3 Laser Sights, Designators and Rangefinders
5.2.4 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Russia
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Rest of Latin America
5.3.5 Middle-East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Israel
5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Lockheed Martin Corporation
6.2.2 Raytheon Technologies Corporation
6.2.3 Rafael Advanced Defense Systems Ltd.
6.2.4 The Boeing Company
6.2.5 Rheinmetall AG
6.2.6 MBDA
6.2.7 Northrop Grumman Corporation
6.2.8 Leidos, Inc.
6.2.9 Israel Aerospace Industries Ltd.
6.2.10 BAE Systems plc
6.2.11 THALES
6.2.12 Elbit Systems Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Military Laser Systems Industry Segmentation
Military laser systems are either direct diode sources or DPSS lasers with a ruggedized design for withstanding the extensive shock and vibrations due to deployment in harsh criteria. Military lasers are used in a variety of applications, such as night vision equipment, targeting systems, distraction devices, and psychological warfare to dazzle and confuse the enemy.
The Military Laser Systems Market is segmented based on Technology, End-user, and Geography. By Technology, the market is segmented into Solid State Lasers, Gas Lasers, and Others. The Other technologies segment includes semiconductor, chemical, and dye lasers, among others. By End-user, the market is segmented into Directed Energy Weapons, Guidance Systems, Laser Sights, Designators and Rangefinders, and Others. The Other Applications segment includes offensive laser systems, distraction devices, and laser countermeasure systems. By geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The market sizing and forecasts have been represented for each segment based on value (USD million).
| Technology | |
| Solid State Lasers | |
| Gas Lasers | |
| Others |
| Application | |
| Directed Energy Weapons | |
| Guidance Systems | |
| Laser Sights, Designators and Rangefinders | |
| Others |
| Geography | ||||||||
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Military Laser Systems Market Research FAQs
What is the current Military Laser Systems Market size?
The Military Laser Systems Market is projected to register a CAGR of 6.7% during the forecast period (2023-2028).
Who are the key players in Military Laser Systems Market?
Lockheed Martin Corporation, Raytheon Technologies Corporation, The Boeing Company, Northrop Grumman Corporation and MBDA are the major companies operating in the Military Laser Systems Market.
Which is the fastest growing region in Military Laser Systems Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Military Laser Systems Market?
In 2023, the North America accounts for the largest market share in the Military Laser Systems Market.
Military Laser Systems Industry Report
Statistics for the 2023 Military Laser Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Military Laser Systems analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
