Military Laser Systems
US EVERY YEAR FOR THEIR
HOME ❯ TOP MARKET REPORTS ❯ MILITARY LASER SYSTEMS MARKET
Military Laser Systems Market by Technology (Fiber Laser, Solid-State,
Chemical Laser, CO2 Laser, Semiconductor Laser), Application
(Defense, Homeland Security), Product Type - Forecast and Analysis to
The military laser systems market is estimated to be USD 3.03 Billion in 2015, and is projected to
reach USD 4.63 Billion by 2020, at a CAGR of 8.86% from 2015 to 2020. This market is segmented
on the basis of products, applications, technologies, and regions.
A number of factors such as need for highly precise weapons and increasing use of high-speed laser
in communication networks are the key driving factors influencing the growth of the market. On the
other hand, factors such as high development cost and regulatory hurdles are restricting the growth
of this market. However, advancements in commercial technologies offer new growth opportunities
for the market players operating in the global military laser systems market.
The research methodology used to estimate and forecast the military laser systems market begins
with capturing data on key military laser systems revenues through secondary research. The
bottom-up procedure was employed to arrive at the overall market size of the market from the
revenue of the key players in the market. After arriving at the overall market size, the total market
was split into several segments and sub-segments which are then verified through primary research
by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives.
This data triangulation and market breakdown procedures were employed to complete the overall
market engineering process and arrive at the exact statistics for all segments and sub-segments.
The breakdown of profiles of primary discussion participants is depicted in the below figure: