The Military Laser Systems Market - Estimated to Reach $3.03 Billion in 2015

Jan 21, 2016, 01:10 ET from Research and Markets

DUBLIN, January 21, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/qkvgp8/military_laser) has announced the addition of the "Military Laser Systems Market - Forecast and Analysis to 2020 " report to their offering. 

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The military laser systems market is projected to reach $4.63 Billion by 2020, at a CAGR of 8.86% from 2015 to 2020. 

The laser light is notable for its high degree of spatial and temporal coherence. Lasers are essentially used in marking targets, guiding munitions, missile defense, Electro-Optical Counter Measures (EOCM), and blinding troops. The laser has applications in most of the firearms and can be used as a tool to enhance the targeting capacity of another weapon system 

The military laser systems market is segmented on the basis of products, applications, technologies, and regions. By product, the market is categorized into laser designator, LIDAR, 3D scanning, laser weapon, laser range finder, ring laser gyro, and laser altimeter. 

During the forecast period, the 3D scanning segment is estimated to account for the highest market growth. 

The military laser systems market is dominated by North America, followed by Europe, Asia-Pacific, the Middle East, and rest of the world (RoW). The Middle East is one of the top five defense markets in the world, and it is expected that the Middle Eastern defense spending would rise by fourfold in the coming years. 

The military laser systems market is growing in the Middle East, as it could enhance force protection against small boat swarms, unmanned aerial vehicles or rocket, artillery, mortar or missile attack. This have helped the Middle Eastern region become the fastest-growing region in the market during the forecast period. 

Companies Mentioned: 

  • American Laser Enterprises, LLC
  • BAE Systems PLC
  • Coherent Inc.
  • Frankfurt Laser Company
  • Lockheed Martin Corporation
  • Newport Corporation
  • Northrop Grumman Corporation
  • Quantel
  • Raytheon Company
  • Thales Group

Key Topics Covered: 

1 Introduction 

2 Research Methodology  

3 Executive Summary 

4 Premium Insights

5 Market Overview 

6 Industry Trends 

7 Military Laser Systems Market Analysis, By Product Type 

8 Military Laser Systems Market Analysis, By Application 

9 Military Laser Systems Market Analysis, By Technology 

10 Military Laser Systems Market, By Region 

11 Competitive Landscape 

12 Company Profiles 

For more information visit http://www.researchandmarkets.com/research/qkvgp8/military_laser

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