London, 30 January 2015 – TechNavio has announced the publication of its market research report on the Global Military Laser Systems Market, which is expected to grow at a CAGR of 7.97 percent from 2014-2019.
About the Report
According to the latest report by TechNavio, laser systems are typically used for military communications, such as laser-based ground-to-air communications and airborne laser mine detection, which provides a rapid mine detection capability for a large area.
However, the demand for laser systems used as weapons in the military and defense sector is growing.
“There is a high demand for laser systems in high energy liquid laser area defense systems (HELLADS), which are counter-attack systems that use lasers to shoot down rockets, artillery and mortars,” says Faisal Ghaus, Vice President of TechNavio.
The report also emphasizes airborne laser mine detection systems which are one of the useful applications for these lasers. They can detect and localize floating and near-surface mines, for wide-area applicability in a short period of time.
The highly competitive market is seeing strong rivalry and competition among existing vendors, in terms of cost and technology. Some of the major players include BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon and Thales Group.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2019
Market Growth Drivers:
- High Demand for Laser Systems from Military and Defense Sector
- For a full detailed list, view our report.
Market Challenges:
- Budget Cuts in Military Laser Spending
- For a full detailed list, view our report.
Market Trends:
- Airborne Laser Mine Detection System
- For a full detailed list, view our report.
Key Vendors:
- BAE Systems plc
- Lockheed Martin Corp.
- Northrop Grumman Corp.
- Raytheon Co.
Other Prominent Vendors:
- 3SAE Technologies
- American Laser Enterprises
- Boeing
- Coherent
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
