Military Airborne Laser Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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Military Airborne Laser Market 2018 Military Airborne Laser Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 The military airborne laser is designed as a compact, high-efficiency laser system that meets the required size, weight, and power constraints of a fighter aircraft. The military airborne laser systems are used for marking targets, guiding munitions, missile defense, electro-optical countermeasures (EOCM), and blinding troops. Airborne lasers mounted on jet aircraft and helicopters must be small enough to not strike the airframes, and powerful enough to shoot down enemy aircraft and missiles; they also need to be able to take out ground targets like combat vehicles, radar installations, and missile launchers. Significant investment has been done on the development of airborne laser systems, and the market is expected to witness a rapid growth during the forecast period. However, only a few companies are working on the development of airborne laser systems, due to lack of awareness among end-users, high development cost, regulatory hurdles, and technological constraints; hence, this is the major restraint for the market growth. The major technological constraints faced by aircraft operators are high power consumption, extensive use of toxic chemicals, the complex system for locating targets, and integration of laser with other systems. Apart from technical constraints, there are also political issues which companies face in the development of airborne lasers. For instance, Boeing YAL-1 airborne laser project was ended by the U.S. Department of Defense due to high capital expenditure requirement for maintenance and operations purposes. 2
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Military Airborne Laser Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Military Airborne Laser Market Research Report - Global Forecast 2023” The increased focus on advancing commercial technologies will enable the flight operators to offer new growth opportunities for the market players. The need for highly precise weapons is the major driver of growth for the global military airborne laser systems market. Another key driver contributing to the growth is the increasing use of high-speed laser for military applications. For instance, Lockheed Martin signed a contract with the U.S. Airforce to develop and produce high-power fiber laser weapons for tactical fighter aircraft. Another instance would be Northrop Grumman signing a contract with Morocco’s military to supply 172 laser rangefinders to assist soldiers in locating and identifying enemy targets.
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Military Airborne Laser Market 2018 Segmentation: The global military airborne laser market is segmented based on product type, technology, application, platform, and regions. Among product type, 3D scanning is widely used and has the largest market share while in technology sub-segment, solidstate has the largest demand in the military airborne laser market during the forecast period due to the continuous rise in the R&D activities of military laser systems in the U.S., as well as in emerging economies such as India and China. Among applications, defense application has the largest demand in military airborne laser market during the forecast period.
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Military Airborne Laser Market 2018 Application & Major Players in this Research: Military Airborne Laser Market Prominent Players:
Coherent Inc. (U.S.), Newport Corporation (U.S.), Northrop Grumman Corporation (U.S.), Lockheed Martin Corporation (U.S.), Thales Group (France), Raytheon Company (U.S.), American Laser Enterprises LLC (U.S.), BAE Systems PLC (U.K.), Frankfurt Laser Company (Germany), and Saab AB (Sweden).. Request a Sample Report @ https:// . www.marketresearchfuture.com/sample_request/6006
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Military Airborne Laser Market 2018 Military Airborne Laser Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: On the basis of geographical regions, the market is segmented into North America, Asia Pacific, Europe, the Middle East, and South America. The North America region is expected to dominate the market in future, owing to increasing surveying and mapping applications. The Asia Pacific region is second to the North America region, as a result of the growing border disputes in this region; emerging economies such as China and India are the leading markets, while Japan also plays an important role. Thus, the global military airborne laser market is estimated to witness a CAGR of 9% for the forecast period of 2018 till 2023.
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