Global Military Laser Designator Market was valued US$ XX Bn in 2018 and is expected to reach XX Bn by 2026, at a CAGR of 4.2 % during a forecast period.
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. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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The Scope of the Report for Global Military Laser Designator Market
Global Military Laser Designator Market, By Type
• Ground-based
o Man-portable
o Vehicle-mounted
• Air-borne
o Rockets & Missiles
o Aircraft
o Unmanned Aerial Vehicles
Global Military Laser Designator Market, By End User
• Military & Defense
• Homeland Security
Global Military Laser Designator Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Military Laser Designator Market
• UTC Aerospace Systems
• Elbit Systems Ltd.
• L3 Technologies
• Leonardo S.P.A.
• Northrop Grumman
• Thales
• FLIR Systems
• General Atomics
• Alpha Design Technologies Pvt. Ltd.
• Gooch & Housego
• RPMC Lasers
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