Military Airborne Laser Market Boosting The Growth, Dynamics And Trends, Efficie

Posted by Nita on February 25th, 2022

Market Overview

Military airborne lasers are futuristic weapons which can be used in future peacekeeping missions. They are mounted on military aircraft as well as other advanced machines. Primary uses include guiding munitions, blinding troops, and marking targets. The global military airborne laser market report by Market Research Future (MRFR) outlines the benefits of the advanced system as well as its future scope.

Market Scope

The global military airborne laser market is expected to exhibit a CAGR above 9% from 2018 to 2023 (forecast period). Upgradation of weapon systems in aircraft, as well as increased military expenditure by nations for protecting their borders, are drivers projected to propel market growth. The use of these lasers for destroying and preventing incoming aerial attacks is one of the biggest market drivers.

Weapons manufacturers such as Boeing, Northrop Grumman, and Lockheed Martin are continuously testing their lasers for speeding their products to the market. Various programs by armies of respective nations are fueling the market growth. Furthermore, the development of theoretical models and replacing legacy equipment can become growth opportunities in the coming years.

Segmentation

The military airborne laser market is segmented by technology, platform, application, and product type.

By technology, the market is segmented into fiber laser, semiconductor laser, CO2 laser, chemical laser, and solid-state. The solid-state laser segment has a respectable market share due to constant developments aided by R&D. On the other hand, the fiber laser segment is anticipated to gain a large market share due to the use of thin optical fibers which cover a large area with ease. In addition, their high efficiency and low maintenance as compared to solid-state lasers can work to their advantage.

Platforms on which the military airborne laser can be installed are unmanned aerial vehicle (UAV), rotary wing, and fixed wing.

By application, the market is segmented into defense and homeland security. Among these, defense is expected to be the biggest application till 2023.

Types of products include laser range finder, laser altimeter, laser weapon, 3D scanning, and LiDAR. 3D scanning has the largest market share owing to the use of laser for capturing geospatial data in unknown locations. This information plays a vital role in reconnaissance and surveillance missions.

Industry News

Successful ground tests by military research departments are likely to lead to the successful integration of lasers in modified and hi-powered aircraft. The U.S. military is one of the first to taste success in ground-to-air tests with its latest laser system. The Air Force Research Laboratory (AFRL), under the aegis of the U.S. Air Force, is developing the system under the Self-Protect High Energy Laser Demonstrator (SHIELD) program to protect aircraft from incoming ground or aerial attacks.

Regional Outlook

Regionally, the military airborne laser market encompasses South America, North America, Europe, the Middle East & Africa (MEA), and Asia Pacific (APAC).

The APAC region is likely to experience a massive CAGR and contribute to the global market revenue due to high defense expenditure of China and India. Various tests by defense manufacturers are likely to influence market decisions in the region.

On the other hand, the North America market will experience a steadfast growth rate owing to continuous influx of capital by nations such as the U.S. and Canada. Contracts between defense agencies and military arm to increase the strength of nations will be the primary driver of the market in the region.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/military-airborne-laser-market-6006