Military Laser Designator Market
Military Laser Designator Market (Type - Ground based (Man-portable, Vehicle-mounted), Air-borne (Rockets and Missiles, Aircraft, Unmanned Aerial Vehicles); End use - Military and Defense, Homeland Security) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Press Release :
A laser designator is primarily used to locate a target. It helps in targeting a laser-guided bombs, precision artillery munitions, and missiles.
Lately, demand for unmanned aerial vehicles (UAVs) is rising across the globe. This is one of the key driving factors in military laser designator market across the globe. Unmanned aerial vehicles are used for several applications in civil, commercial, and military sectors.
Application of laser designator in electronic warfare system helps mitigate the risk associated with live of operators and pilots. Also, it covers wide range when compared to conventional manned aerial vehicles. The factor is anticipated to drive the market in forthcoming years.
Meanwhile, there are various technical and operational concerns associated with laser based systems. Lasers, when disposed to wind, cloud, dirt, and certain weather condition, is unable to cover the desired range. Sometimes, adverse weather conditions may affect the power and range of infrared laser beam.
This factor is likely to restrict the implementation of laser in various applications. This, in turn, may hamper growth of the global military laser designator market in forthcoming years.
On the other hand, the defense authorities are trying to integrate high-end laser (HEL) designator in airborne, ground-based, and shipboard systems. Integration of high-end laser in aforementioned systems will facilitate enhanced accuracy in detecting, warning, targeting, and destructing the targets without any causalities. This factor is likely to enhance the market growth in coming years.
Registering the advantages offered by military laser designator, various countries have been adopting it with aim to enhance the security system and to safeguard aerial or ground attacks accurately. Lately, the military designator market is witnessing high demand rate in Germany, the UK, China, Japan, Russia, the US, and South Korea.
Military Laser Designator Market – Snapshot
The global military laser designator market was valued at US$ 75.87 Bn in 2018 and is anticipated to expand at a stable CAGR of 7.9% during the forecast period, according to a new research report published by Transparency Market Research (TMR) titled ‘Military Laser Designator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’ Advantages offered by military laser designators, increasing production and usage of lightweight laser designators, and technological advancements in laser designators for better performance of defense and security sectors are prominent factors driving the global military laser designator market. The market in Asia Pacific is likely to expand at a rapid CAGR of 8.6% during the forecast period.
Increasing production and usage of lightweight laser designators
Adoption of new technologies in the digital warfare has resulted in the development of lightweight laser designators, as these systems assist in rapid mobility of troops and help in reducing the fatigue of soldiers. According to a news published by Endeavor Business Media, LLC., army navigation and targeting experts have kicked off a 10-year program to build an electro-optical, all-weather, day-and-night target designation and laser range finder system, in view of better performance of lightweight laser designators. Present-day laser designators fabricated by using legacy designs and manufacturing processes are too heavy, bulky, and costly. This has created need to improve manufacturing processes so as to produce affordable and lightweight laser designator modules for use in small UAV and UGV platforms and portable soldier systems. Major players are adopting new technologies related to laser designators to make these equipment easy to handle.
UTC Aerospace Systems, Alpha Design Technologies Pvt. Ltd., Northrop Grumman Corporation, Thales Group, and L-3 Technologies Inc. likely to continue to lead the global military laser designator market
The profiling of top players, based of revenue generated from military laser designators, operating in the global military laser designator market includes their key financials, SWOT analysis, and headquarters for 2017. Key players operating in the global market and profiled in the report are UTC Aerospace Systems, Alpha Design Technologies Pvt. Ltd., Northrop Grumman Corporation, Thales Group, L-3 Technologies Inc., Leonardo S.P.A., General Atomics, Elbit Systems Ltd., FLIR Systems Inc., and RPMC Lasers.
Military Laser Designator Market - Overview
The report provides analysis of the global military laser designator market for the period from 2017 to 2027, wherein data for 2017 has been included as historical information; 2018 is the base year; and 2019–2027 is the forecast period. The report covers all trends and technologies likely to have an impact on the market during the forecast period. The study provides complete information about the market, in terms of revenue (US$ Mn), across various geographical regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights key companies operating in the global military laser designator market along with the revenue generated from ground-based and air-borne military laser designators. Furthermore, the report takes into consideration prominent countries and sub-regions across the globe, which include the U.S, Canada, Germany, France, the U.K., India, China, Japan, GCC, South Africa, and Brazil.
The report analyzes and forecasts the market for military laser designator at the global and regional levels. The market has been forecast based on revenue (US$ Mn) from 2019 to 2027. The study encompasses market attractiveness analysis, wherein type and end-user segments have been benchmarked based on their market size, growth rate, and general attractiveness.
Global Military Laser Designator Market: Taxonomy
The report provides segmentation of the global military laser designator market based on type, end-user, and geography. In terms of type, the market has been classified into ground-based and air-borne. The ground-based segment has been sub-segmented into man-portable and vehicle-mounted. The air-borne segment has been sub-divided into rockets & missiles, aircraft, and unmanned aerial vehicles. Based on end-user, the global military laser designator market has been categorized into military & defense and homeland security.
Global Military Laser Designator Market: Research Methodology
Secondary research sources that are typically referred to for the study include company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each segment and sub-segment of the market across regions. Primary interviews are conducted on an ongoing basis with market participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, competition landscape, and market outlook. They help validate and strengthen secondary research findings. They also help develop the analysis team’s expertise and market understanding.
Global Military Laser Designator Market: Competition Dynamics
UTC Aerospace Systems, Alpha Design Technologies Pvt. Ltd., Northrop Grumman Corporation, Thales Group, L-3 Technologies Inc., Leonardo S.P.A., General Atomics, Elbit Systems Ltd., FLIR Systems Inc. and RPMC Lasers are the top 10 players operating in the global military laser designator market. Details such as financials, SWOT analysis, recent developments, strategies, and headquarters pertaining to these players have been provided in the company profiles section.
The global military laser designator market has been segmented as follows:
Global Military Laser Designator Market, by Type
- Rockets & Missiles
- Unmanned Aerial Vehicles
Global Military Laser Designator Market, by End-user
- Military & Defense
- Homeland Security
Global Military Laser Designator Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America