Military Laser Designator Market – Global Industry Analysis and Forecast (2023-2029)

Military Laser Designator Market is expected to grow at a CAGR of 7.85% during the forecast period. Global Military Laser Designator Market is expected to reach US$ 187.89 Bn. by 2029.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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A laser designator is used to designate a target. Laser designators offer to target for laser-guided bombs, missiles, or precision artillery munitions.

Increasing demand for UAVs across the globe is one of the key drivers in the global military laser designator market. UAVs are used in the varied applications of the military and civil and commercial sectors. The use of unmanned electronic warfare systems aids in eliminating the risks related with the pilot or operators' lives and the long resolution time delivers relatively greater coverage over conventional manned aerial vehicles. These factors are expected to boost the growth in the global military laser designator market.

On the other hand, Laser-based systems suffer from numerous technical and operational challenges. Lasers are disposed to dirt, wind, cloud and weather conditions, which can affect the range of the laser. The adversative weather conditions affect the infrared laser beam’s power and range. These factors are expected to limit the growth in the global military laser designator market.Vehicle-mounted segement is expected to grow at a xx % rate of CAGR during the forecast period.

The defense authorities are deeply investing in shipboard, airborne, and ground-based high-energy laser (HEL) designator systems. These systems provide tactical options and enhanced accuracy in detecting, targeting, warning, and destroying targets, without causing any collateral damage, which is expected to drive the market growth. Additionally, the focus of countries like China, France, Germany, Japan, Russia, South Korea, the UK, and the US towards emerging advanced military laser target systems to safeguard accurate ground or aerial strikes are expected to boost the growth in the market.

Region-wise, The North America region is estimated to the dominant position in the global military laser designator market and is expected to grow at a xx % rate of CAGR during the forecast period. The dominant position in the market is attributed to extreme military expenditure and technological advancements in the region. To sustenance the ongoing military exercises and missions in the extremist-affected regions and the Middle East countries, the US is progressively focusing on incorporating their unmanned aerial vehicle (UAVs) with laser designator systems. These factors are expected to drive growth in the global military laser designator market.

Some of the many military laser designator key players have shifted their focus toward the development of miniaturized laser designators to reduce the payload, which can be mounted on small UAVs. Therefore, such developments for airborne platforms are expected to boost market growth.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global military laser designator market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global military laser designator market.
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Military laser Designator Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 110.70 Bn.


Forecast Period 2023 to 2029 CAGR:
7.85%
Market Size in 2029:
US $ 187.89 Bn.


 Segments Covered:
by the Product type
Lamp-pumped laser designator
Solid state diode pumped laser designator


by Application
Air force
Land army


by Standard
Eyesafe
Non-Eyesafe


by Type
Ground-based
Air-borne



Military Laser Designator Market, by region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players:
1. Collins Aerospace
2. Elbit Systems Ltd.
3. L3 Technologies
4. Leonardo S.P.A.
5. Northrop Grumman
6. Thales
7. FLIR Systems
8. General Atomics
9. Alpha Design Technologies Pvt. Ltd.
10. Gooch & Housego
11. Rheinmetall AG
12. RPMC LASERS
13. United Technologies Corporation
14. Binderholz GmbH
15. Boise Cascade Co.
16. Calvert Co. Inc.
17. Canfor Corp.
18. HASSLACHER Holding GmbH
19. Mayr-Melnhof Holz Holding AG
20. Setra Group AB
21. Structurlam Mass Timber Corp.

Frequently Asked Questions:

1. Which region has the largest share in Global Military Laser Designator Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Military Laser Designator Market?
Ans: The Global Military Laser Designator Market is growing at a CAGR of 7.85% during forecasting period 2023-2029.

3. What is scope of the Global Military Laser Designator market report?
Ans: Global Military Laser Designator Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Military Laser Designator market?
Ans: The important key players in the Global Military Laser Designator Market are – Collins Aerospace, Elbit Systems Ltd., L3 Technologies, Leonardo S.P.A., Northrop Grumman, Thales, FLIR Systems, General Atomics, Alpha Design Technologies Pvt. Ltd., Gooch & Housego,

5. What is the study period of this market?
Ans: The Global Military Laser Designator Market is studied from 2022 to 2029.