The APAC laser weapon systems market is expected to grow from US$ 231.58 million in 2021 to US$ 913.67 million by 2028; it is estimated to grow at a CAGR of 21.7 % from 2021 to 2028.
China, India, Japan, and South Korea are major economies in APAC. Rising development of laser weapon system for fighter aircraft is expected to escalate the APAC laser weapon systems market. Laser weapon systems are gaining major demand from countries holding high military power across APAC region such as 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 APAC market. 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. The airborne laser weapon system creates a massive opportunity, such as destroying enemy aircraft, defending a friendly aircraft from attack, and improved ground targets, for the APAC market growth. According to the People's Liberation Army (PLA) news, China's military is procuring and developing airborne laser pods. The country is trying to integrate airborne lasers in their defense fleet for both offensive and defensive purposes. Thus, the burgeoning development of laser weapon systems for fighter aircraft is expected to drive the APAC laser weapon systems market
In case of COVID-19, APAC is highly affected specially India. The COVID-19 emerged in China and has affected several nearing countries such as South Korea, India, and others. Countries like China, India, South Korea, Japan, and others are increasingly moving towards the advancement of the military and defense. The COVID-19 has minimal impact on the market than other nations, as the defense contractors in the countries continued to operate, however, due to shortage of workforce, the year-on-year growth rate of development of products and technologies declined. China being the largest military spender in the region witnessed havoc outburst of COVID-19 virus during Q1 of 2020, which led the government to shut down the country, thereby, tampering the entire supply chain. This reflected loss in annual sales among the Chinese defense electronics and defense equipment manufacturers. China is also the largest DEW systems (including LaWS) developer and manufacturer in APAC. The massive outbreak of COVID-19 has reflected limited developments in the laser weapon systems industry.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC laser weapon systems market. The APAC laser weapon systems market is expected to grow at a good CAGR during the forecast period.
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APAC Laser Weapon Systems Market Segmentation
APAC Laser Weapon Systems Market – By Type
- Chemical Laser
- Solid-State Laser
- Free Electron Laser
- Fiber Laser
APAC Laser Weapon Systems Market – By Application
- Air-based
- Ground-based
- Sea-based
APAC Laser Weapon Systems Market, by Country
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Laser Weapon Systems Market -Companies Mentioned
- Boeing
- Elbit Systems Ltd.
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Laser Weapon Systems Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. APAC Laser Weapon Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Escalating Investment in Weapon Systems
5.1.2 Mounting Technological Development in Laser Weapon System
5.2 Market Restraints
5.2.1 Low Adoption of Laser Weapon Systems
5.3 Market Opportunities
5.3.1 Rising Development of Laser Weapon System for Fighter Aircraft
5.4 Future Trends
5.4.1 Surging Demand of High-Energy Laser Weapon System
5.5 Impact Analysis of Drivers and Restraints
6. Laser Weapon Systems Market – APAC Analysis
6.1 APAC Laser Weapon Systems Market Overview
6.2 APAC Laser Weapon Systems Market Revenue Forecast and Analysis
7. APAC Laser Weapon Systems Market Revenue and Forecast To 2028 – By Type
7.1 Overview
7.2 APAC Laser Weapon Systems Market, By Type (2020 & 2028)
7.3 Chemical Laser
7.3.1 Overview
7.3.2 Chemical Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
7.4 Solid-State Laser
7.4.1 Overview
7.4.2 Solid-State Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
7.5 Free Electron Laser
7.5.1 Overview
7.5.2 Free Electron Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
7.6 Fiber Laser
7.6.1 Overview
7.6.2 Fiber Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Laser Weapon Systems Market Analysis and Forecast To 2028 – By Application
8.1 Overview
8.2 APAC Laser Weapon Systems Market, By Application (2020 & 2028)
8.3 Air-based
8.3.1 Overview
8.3.2 Air-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
8.4 Ground-based
8.4.1 Overview
8.4.2 Ground-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
8.5 Sea-based
8.5.1 Overview
8.5.2 Sea-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Laser Weapon Systems Market – Country Analysis
9.1 Overview
9.1.1 APAC: Laser Weapon Systems Market, by Key Country
9.1.2 China: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1 China: Laser Weapon Systems Market, by Type
9.1.2.2 China: Laser Weapon Systems Market, by Application
9.1.3 Japan: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1 Japan: Laser Weapon Systems Market, by Type
9.1.3.2 Japan: Laser Weapon Systems Market, by Application
9.1.4 India: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1 India: Laser Weapon Systems Market, by Type
9.1.4.2 India: Laser Weapon Systems Market, by Application
9.1.5 South Korea: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1 South Korea: Laser Weapon Systems Market, by Type
9.1.5.2 South Korea: Laser Weapon Systems Market, by Application
9.1.6 Rest of APAC: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.6.1 Rest of APAC: Laser Weapon Systems Market, by Type
9.1.6.2 Rest of APAC: Laser Weapon Systems Market, by Application
10. APAC Laser Weapon Systems Market - COVID-19 Impact Analysis
10.1 APAC: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.1.1 Market Initiative
11.1.2 Product Launch
12. Company Profiles
12.1 Elbit Systems Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 L3Harris Technologies, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lockheed Martin Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Northrop Grumman Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Raytheon Technologies Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Rheinmetall AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Boeing
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Laser Weapon Systems Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. China: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Japan: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. South Korea: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of APAC: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Laser Weapon Systems Market Segmentation
Figure 2. APAC Laser Weapon Systems Market Segmentation – By Country
Figure 3. APAC Laser Weapon Systems Market Overview
Figure 4. APAC Laser Weapon Systems Market, by Type
Figure 5. APAC Laser Weapon Systems Market, by Application
Figure 6. APAC Laser Weapon Systems Market, By Country
Figure 7. Porter’s Five Forces Analysis
Figure 8. APAC Laser Weapon Systems Market- Ecosystem Analysis
Figure 9. APAC Laser Weapon Systems Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Laser Weapon Systems Market Revenue Forecast and Analysis (US$ Million)
Figure 11. APAC Laser Weapon Systems Market, by Type (2020 & 2028)
Figure 12. APAC Chemical Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. APAC Solid-State Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Free Electron Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Fiber Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Laser Weapon Systems Market, By Application (2020 & 2028)
Figure 17. APAC Air-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Ground-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Sea-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC: Laser Weapon Systems Market, by Key Country – Revenue (2020) (USD Million)
Figure 21. APAC: Laser Weapon Systems Market Revenue Share, by Key Country (2020 & 2028)
Figure 22. China: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Japan: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. South Korea: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of APAC: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in APAC Country Markets
- Boeing
- Elbit Systems Ltd.
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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