The Europe laser weapon systems market is expected to grow from US$ 365.49 million in 2021 to US$ 1,144.10 million by 2028; it is estimated to grow at a CAGR of 17.7 % from 2021 to 2028.
The UK, Germany, France, Italy, and Russia are major economies in Europe. Growing technical developments in laser weapon system is expected to fuel the Europe laser weapon systems market. Improvements in laser techniques have resulted in high-energy laser weapons with longer range. Laser weapon-developing companies across Europe such as Raytheon Technologies and Lockheed Martin Corporation are introducing new developments in laser technologies. For instance, 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. The market players are launching new laser weapon systems depicting advanced versions with better performance. Therefore, the increasing development in laser weapon systems gives a variety of options to customers, thereby augmenting the Europe market growth.
In case of COVID-19, Europe is highly affected specially the UK. The emergence of COVID-19 virus across the Europe region has led to lockdown scenarios has pushed led the industry experts to analyze that the defense equipment manufacturing industry would face 4 weeks to 12 weeks of lag in military electronic part supply chain. This disruption in supply chain has damaged the defense equipment manufacturing in 2020. The recovery period of impact of COVID-19 in defense industry is foreseen to be quicker as compared to various other industries. The European laser weapon systems market also had minimal impact on the market growth throughout 2020 as the manufacturers of LaWS continues their operations during Q3 and Q4 of 2020. Several other countries such as Russia, Germany, and others also had a major count of cases daily, owing to which countries initiated a lockdown and social striction. The defense systems in the developed countries in the regions are actively involved in the military developments and strengthening it, which is expected to support the market in the COVID-19 situation but with inadequate strength of workforce. Several countries also are focused on supporting the healthcare system in their countries, which lowered the military spending in 2020, thereby, somewhat hampering the businesses of laser weapon systems market.
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 Europe laser weapon systems market. The Europe laser weapon systems market is expected to grow at a good CAGR during the forecast period.
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Europe Laser Weapon Systems Market Segmentation
Europe Laser Weapon Systems Market – By Type
- Chemical Laser
- Solid-State Laser
- Free Electron Laser
- Fiber Laser
Europe Laser Weapon Systems Market – By Application
- Air-based
- Ground-based
- Sea-based
Europe Laser Weapon Systems Market, by Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Laser Weapon Systems Market -Companies Mentioned
- Boeing
- Elbit Systems Ltd.
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- MBDA
- 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
UK, Germany, France, Italy, Russia
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. Europe 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
4.2.6 Ecosystem Analysis
5. Europe Laser Weapon Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Investment in Weapon Systems
5.1.2 Growing Technical Developments in Laser Weapon System
5.2 Market Restraints
5.2.1 Insufficient Adoption of Laser Weapon Systems
5.3 Market Opportunities
5.3.1 Surging Development of Laser Weapon System for Fighter Aircraft
5.4 Future Trends
5.4.1 Burgeoning Demand of High-Energy Laser Weapon System
5.5 Impact Analysis of Drivers and Restraints
6. Laser Weapon Systems Market – Europe Analysis
6.1 Europe Laser Weapon Systems Market Overview
6.2 Europe Laser Weapon Systems Market Revenue Forecast and Analysis
7. Europe Laser Weapon Systems Market Revenue and Forecast To 2028 – By Type
7.1 Overview
7.2 Europe 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. Europe Laser Weapon Systems Market Analysis and Forecast To 2028 – By Application
8.1 Overview
8.2 Europe 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. Europe Laser Weapon Systems Market – Country Analysis
9.1 Overview
9.1.1 Europe: Laser weapon systems Market, by Key Country
9.1.2 France: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1 France: Laser Weapon Systems Market, by Type
9.1.2.2 France: Laser Weapon Systems Market, by Application
9.1.3 Germany: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1 Germany: Laser Weapon Systems Market, by Type
9.1.3.2 Germany: Laser Weapon Systems Market, by Application
9.1.4 Italy: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1 Italy: Laser Weapon Systems Market, by Type
9.1.4.2 Italy: Laser Weapon Systems Market, by Application
9.1.5 UK: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1 UK: Laser Weapon Systems Market, by Type
9.1.5.2 UK: Laser Weapon Systems Market, by Application
9.1.6 Russia: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.6.1 Russia: Laser Weapon Systems Market, by Type
9.1.6.2 Russia: Laser Weapon Systems Market, by Application
9.1.7 Rest of Europe: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.7.1 Rest of Europe: Laser Weapon Systems Market, by Type
9.1.7.2 Rest of Europe: Laser Weapon Systems Market, by Application
10. Europe Laser Weapon Systems Market - COVID-19 Impact Analysis
10.1 Europe: 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 MBDA
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 Northrop Grumman 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 Raytheon Technologies Corporation
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 Rheinmetall AG
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
12.8 Boeing
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Laser Weapon Systems Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Europe: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Laser Weapon Systems Market Segmentation
Figure 2. Europe Laser Weapon Systems Market Segmentation – By Country
Figure 3. Europe Laser Weapon Systems Market Overview
Figure 4. Europe Laser Weapon Systems Market, by Type
Figure 5. Europe Laser Weapon Systems Market, by Application
Figure 6. Europe Laser Weapon Systems Market, By Country
Figure 7. Porter’s Five Forces Analysis
Figure 8. Europe Laser Weapon Systems Market- Ecosystem Analysis
Figure 9. Europe Laser Weapon Systems Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Laser Weapon Systems Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Laser Weapon Systems Market, by Type (2020 & 2028)
Figure 12. Europe Chemical Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Solid-State Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Free Electron Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Fiber Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Laser Weapon Systems Market, By Application (2020 & 2028)
Figure 17. Europe Air-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Ground-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Sea-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: Laser Weapon Systems Market, by Key Country – Revenue (2020) (USD Million)
Figure 21. Europe: Laser Weapon Systems Market Revenue Share, by Key Country (2020 & 2028)
Figure 22. France: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Germany: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Italy: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Russia: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Europe Country Markets
- Boeing
- Elbit Systems Ltd.
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- MBDA
- 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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