Laser Weapon Systems Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The laser weapon systems market size is projected to reach US$ 9.18 billion by 2031 from US$ 2.03 billion in 2023. The market is expected to register a CAGR of 20.8% during 2023–2031. Increase in demand of high-energy laser weapon system is likely to remain a key trend in the market.

Laser Weapon Systems Market Analysis

Lockheed Martin Corporation, L3Harris Technologies Inc., Leonardo DRS, Northrop Grumman Corporation, and Rheinmetall AG are among the key market players operating in the global laser weapon systems market. The key players are listed by considering factors such as overall revenue, current laser weapon systems product portfolio, geographical reach, market initiatives, investment in technology upgrades, partnerships, and other market-related activities.

Laser Weapon Systems Market Overview

The laser weapon system market ecosystem comprises of following stakeholders- component manufacturers, laser weapon system manufacturers, and defense forces. The laser weapon system manufacturing market players procure component such as sensors, tracking mount, beam detector, and other spare parts from various suppliers across the globe. These suppliers continuously optimize their production lines and lead times in order to enhance respective supply chain. The laser weapon system manufacturers are witnessing significant demand for their products owing to the rising threat of UAVs over the past few years. The laser weapon system supplier work in sync with the procurer of laser weapon system in order to understand the demand of the procurer or end users. This helps the laser weapon system manufacturers to suitably meet the needs of respective customers. The defense forces are the end users, which continue to seek high-energy, high-precise, and long-range laser weapon systems for their defense fleet. Several defense forces work closely with the laser weapon system manufactures such as Raytheon Technologies, Lockheed Martin Corporation, and others in order to incorporate the best possible system in defense fleet. This factor also propels the military laser weapon system market.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Get 10% FREE CUSTOMIZATION

Laser Weapon Systems Market: Strategic Insights

Laser Weapon Systems Market

• 
  CAGR (2023 - 2031)

  20.8%
• Market Size 2023
  US$ 2.03 Billion
• Market Size 2031
  US$ 9.18 Billion

Market Dynamics

GROWTH DRIVERS

• Technological developments in laser weapon system
• Rising procurement of directed energy weapons

FUTURE TRENDS

• Increase in demand of high-energy laser weapon system

OPPORTUNITIES

• Development of Laser Weapon System for Fighter Aircraft

Key Players

• Elbit Systems Ltd
• L3Harris Technologies Inc
• LOCKHEED MARTIN CORPORATION
• MBDA
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• Rheinmetall AG
• Boeing
• Applied Technology Associates
• General Atomics

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Chemical Laser
• Solid-State Laser
• Free Electron Laser
• Fiber Laser

Application

• Air-based
• Ground-based
• Sea-based

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Laser Weapon Systems Market Drivers and Opportunities

Technological Developments in Laser Weapon System

Improvements in laser techniques have resulted in high-energy laser weapons with longer range. Laser weapon-developing companies such as Raytheon Technologies, Lockheed Martin Corporation, and Dynetics Inc. are introducing new developments in laser technologies. For instance, Lockheed Martin is advancing its efforts to deliver High-Energy Laser and Integrated Optical-Dazzler with Surveillance (HELIOS) for the US Navy by combining long-range ISR, laser weapon, and counter-UAS capabilities to enhance situational awareness and layered defense. Similarly, Raytheon Technologies has awarded US$ 15.5 million contracts to develop an upgraded buggy-mounted laser weapon system. The weapon can destroy drones or small unmanned aerial systems within 3 km with a game-style controller and a laptop.

Development of Laser Weapon System for Fighter Aircraft

Laser weapon systems are gaining major demand from countries holding high military power globally, such as the US, Russia, China, and India. Increasing development in weapons and rising number of drones in military operations are creating demand for advanced defensive weapons. A large number of drones and advanced weapons can create severe damage owing to which the demand for high-precise laser weapon systems is rising. Increasing investment by various nations and vital R&D activities performed by the market players create new opportunities for the growth of the market. For instance, the US's self-protect high-energy laser demonstrator (SHiELD) initiative opens a new application area for laser weapon systems. A laser weapon system for fighter jets is being developed by Lockheed Martin, bringing a new level of advancement for warfighters. The laser weapons in fighter jets are enlacing the ability to shoot down missiles in flight and get an advantage over adversaries.

Laser Weapon Systems Market Report Segmentation Analysis

Key segments that contributed to the derivation of the laser weapon systems market analysis are type and application.

• Based on type, the laser weapon systems market is segmented into chemical laser, solid-state laser, free electron laser, and fiber laser. The fiber laser segment held a larger market share in 2023.
• Based on application, the laser weapon systems market is segmented into air-based, ground-based, and sea-based. The ground-based segment held a larger market share in 2023.

Laser Weapon Systems Market Share Analysis by Geography

The geographic scope of the laser weapon systems market report is mainly divided into four regions: North America, Europe, Asia Pacific, and Rest of the World.

North America has dominated the market in 2023 followed by Europe and Asia Pacific regions. Further, Asia Pacific is also likely to witness highest CAGR in the coming years. The US accounted for major share in the North American laser weapon systems market. Companies operating in the US region are adhered to adoption of new technologies to improve the level of power, accuracy, and design. Increasing number of weapons in the US military services is major supporting factor for the market growth as companies are developing advanced laser weapon systems to prevent the aerial attack. Further, rising improvement in navy weapon system with enhanced penetration of laser weapon system is key factor augmenting market growth. According to the latest data from the Global Firepower, US is leading country in the military strength with high manpower and arsenals. The US navy is continuously deploying and upgrading the laser weapon system to enhance protection against aerial attacks.

Laser Weapon Systems Market Report Scope

Download Free Sample

   Buy Now   

• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Laser Weapon Systems Market News and Recent Developments

The laser weapon systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the laser weapon systems market are listed below:

• The Palletized High Energy Laser (P-HEL) system, developed by BlueHalo in support of the U.S. Army Rapid Capabilities and Critical Technologies Office (RCCTO), has a proven track record of successfully engaging and eliminating small unmanned aerial system (sUAS) threats to forces and critical infrastructure–a rapidly growing concern to U.S. battlefield dominance. BlueHalo was awarded a four-year logistics support contract to provide preventative and corrective maintenance along with operator and maintenance team training for BlueHalo’s P-HEL system. This newly awarded contract establishes BlueHalo as the full-cycle lead system integrator from prototype development to frontline operations for the P-HEL system. (Source: BlueHalo, Press Release, Apr 2024)
• Raytheon UK is set to receive its first high-energy laser weapon system to be tested and integrated in the United Kingdom, marking a significant advancement in the understanding of how such systems can be fielded. (Source: Raytheon Technologies Corpoation, Press Release, Sep 2023)

Laser Weapon Systems Market Report Coverage and Deliverables

The “Laser Weapon Systems Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Laser weapon systems market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Laser weapon systems market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed porter’s five forces analysis
• Laser weapon systems market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the laser weapon systems market
• Detailed company profiles