Research and Markets - Global Military Laser Systems Market 2016-2020 with BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon & Thales Group Dominating

DUBLIN, June 24, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Military Laser Systems Market 2016-2020" report to their offering.

The global military laser systems market to grow at a CAGR of 8.2% during the period 2016-2020.

Global Military Laser Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend which will propel market growth is the evolution of HEL. Changing warfare strategies have led to significant developments in non-lethal weapons and lethal weapons. The HEL weapons have stepped up the military capabilities to counter surface and air threats such as small boats and UAVs with high precision. The energy released from HEL delivers to the target at a speed of light and much faster compared to other missiles. Such advantages have generated strong demand for HEL and increased its funding in the market. In the US, lasers receive more funding than other DEWs.

According to the report, a key growth driver is the increasing demand for laser systems. Laser systems play a vital role in military applications, especially in the battlefield where precise systems are required. Due to its high intensity, very low divergence, and high targeting accuracy, it can target hostile vehicles from a long distance. For instance, the mid-body design of APKWS can transform unguided Forges de Zeebrugge (FZ) rockets into precise weapons.

Further, the report states that one challenge that could hamper market growth is budget cuts in military laser spending. Budget cuts have not only delayed the testing of military equipment but also affected many science and technology (S&T) programs and impinged deliveries, causing cancellation or delay of future systems development, technology, and demonstrations.

They are increasingly employed in military operations for:
- Blinding troops
- Electro-optical countermeasures (EOCM)
- Free-space communications
- Guiding munitions
- Marking targets
- Missile defense

Key vendors
- BAE Systems
- Lockheed Martin
- Northrop Grumman
- Raytheon
- Thales Group

Other prominent vendors
- American Laser Enterprises
- BAE Systems Aculight
- Coherent
- Frankfurt Laser
- Quantel

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Global aerospace and defense supply chain system

Part 07: Global aerospace and defense value chain system

Part 08: Market segmentation by application

Part 09: Market segmentation by technology

Part 10: Geographical segmentation

Part 11: Key leading countries

Part 12: Market drivers

Part 13: Impact of drivers

Part 14: Market challenges

Part 15: Impact of drivers and challenges

Part 16: Market trends

Part 17: Vendor landscape

Part 18: Appendix

For more information visit http://www.researchandmarkets.com/research/cpb9h7/global_military

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