Military Airborne Laser Market
Military Airborne Laser Market Size is expected to reach USD 971.8 Million by 2030, registering a CAGR of 17.32% during 2020-2030.
The market is growing because defense and motherland security applications for laser technology are becoming more popular. This market is also increasing because more money is being put into research and development to make new and better laser technologies. The global market for military airborne lasers is split up by type, use, and region. Based on the type, it is split into 3D scanning, lidar, laser weapon system, laser altimeter segments, and laser range finder (LRF).
Military airborne laser is designed as a compact laser system that directs the laser on the target. The airborne lasers support different types of operations of the armed forces, and have applications in LIDAR, 3D scanning, laser weapon, laser range finder and laser altimeter. The increased focus on advancing commercial technologies will enable manufacturers to improve the quality of military airborne laser. The factors that drive the growth of the global Military Airborne Laser Market are need for highly precise weapons and increasing use of high-speed laser in military applications. However, the restraints for the military airborne laser market are lack of awareness among end-users, high development cost, regulatory hurdles, and technological constraints, due to which only few countries can work on the development of airborne lasers.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, the Middle East, and South America. In the North America region, there is increased usage of surveying and mapping for military applications. In the Asia Pacific region, growing border disputes have resulted in the requirement of airborne laser systems in emerging economies such as China and India, and the developed economy of Japan. For instance, Lockheed Martin signed a contract with the U.S. Airforce to develop and produce high-energy fiber laser weapons for tactical fighter aircraft.
Market Segmentation
Military Airborne Laser Market is split up by product type, technology, and platform. The market is split into 3D scanning, LIDAR, laser weapons, laser range finders, and laser altimeters based on the type of product. In the same way, the market is divided into solid-state, fiber-optic, and other types of technology. The market is also split into two groups based on the kind of platform: fixed-wing and rotary-wing.
Homeland security and Defense are the two types of uses that divide the market. Defense is estimated to be the most important of these until 2030.
Laser range finders, laser altimeters, laser weapons, and LiDAR 3D scanning are all types of products. Since lasers take geographic information in unknown places, scanning technology has the biggest market share. This information is very important for missions of reconnaissance and surveillance.
This study provides an overview of the Global Military Airborne Laser Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Military Airborne Laser Market by its fuel type, vehicle type, and region.
By Product Type
- LIDAR
- 3D Scanning
- Laser Weapon
- Laser Range Finder
- Laser Altimeter
- Others
By Technology
- Fiber-Optic
- Solid-State
- Chemical
- CO2
- Semiconductor
By Application
- Defense
- Homeland Security
- By Platform
- Fixed Wing
- Rotary Wing
- UAV
By Region
- America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Key Players
Military Airborne Laser Market Players are American Laser Enterprises LLC (US), BAE Systems plc (UK), Coherent Inc. (US), Frankfurt Laser Company (Germany), Lockheed Martin Corporation (US), Newport Corporation (US), Northrop Grumman Corporation (US), Raytheon Company (US), Saab AB (Sweden), and Thales Group (France).
Regional Classification
In 2019, North America had the highest revenue share in the international military airborne laser market. The region is intended to maintain being the most important over the next few years. This growth is due to the U.S. increasing its defense budget. This pays for a large part of the costs of developing lidar systems and for the needs of high weapons from both ground troops and pilots in all branches of the military, such as the Army, Air Force, and Navy.
Over the next few years, the Asia-Pacific market is expected to grow in a way that’ll be good for business. This is because China, Japan, and other emerging economies like India, Singapore, etc., are investing more money in technology. This is especially true for lidar systems used by the military. Further, this drives the growth of the whole industry in this region.
Industry News
When military research departments test lasers on the ground and find them to work well, they are likely to be able to add them to modified and high-powered aircraft. The United State military is among the first to test its new laser system from the ground to the air and have it work well. Under the direction of the U.S. Air Force, the Air Force Research Laboratory is making the system as part of the Self-Protect High Energy Laser Demonstrator program. The goal is to protect aircraft from attacks from the ground or the air.
In order to make a new acquisition deal with Coherent Inc. and II-VI, are ending the merger agreement between Lumentum and Coherent. This was signed on March 9, 2021, and Lumentum paid USD 217.6 million cancellation fee. This was written into the merger agreement.
Military Airborne Laser Market Research Report: By Product Type (LIDAR, 3D Scanning, Laser Weapon, Laser Range Finder and Laser Altimeter), Technology (Fiber-Optic, Solid-State, Chemical, CO2 and Semiconductor), Platform (Fixed Wing and Rotary Wing), Application (Defense and Homeland Security) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030
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