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Military Laser Systems Market Forecast to 2020: CAGR to Hit 8.86 % Driven by Highly Precise Weapon Systems

The global military radars market was valued at USD 11.02 billion in 2015 and is projected to reach USD 13.04 billion by 2020, at a CAGR of 3.42% from 2015 to 2020. Ground-based radars are expected to grow fastest in the military radars market.

— The military laser systems market is expected to grow from USD 3.03 billion in 2015 to USD 4.63 billion by 2020, at a CAGR of 8.86% from 2015 to 2020. The market for military laser systems is driven by factors, such as highly precise weapons and increasing use of high-speed lasers in communication networks.

Complete report on global military laser systems market spread across 162 pages, profiling 10 companies and supported with 81 tables and 79 figures is now available at http://www.rnrmarketresearch.com/military-laser-systems-market-by-application-laser-designator-laser-range-finder-lidar-3d-scanner-laser-weapon-dazzlers-laser-sights-proximity-fuze-ring-laser-gyro-laser-doppler-vibrometer-market-report.html .

The key applications considered for the market study are defense and homeland security. The defense application segment holds the largest share of the total military laser systems market in 2015 due to the increase in applications and technological requirements in lethal weapons for military forces, globally.

In 2015, North America is estimated to account for the largest share of the military laser systems market. However, the Middle East region is expected to witness the highest growth rate in the military laser systems market in the coming years. This can be attributed to the enhancement in the force protection against small boat swarms, unmanned aerial vehicles or rocket, artillery, and mortar or missile attack in this region.

In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitative information as well as assess future market prospects. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (35%), Director Level (25%) and others (40%) from various key organizations operating in the global military laser systems market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (30%), APAC (20%) and Row (5%).

The major players operating in this market are Raytheon Company (U.S.), Coherent Inc. (U.S.), Newport Corporation (U.S.), Lockheed Martin Corporation (U.S.), and Thales SA (France), among others. A discount can be asked before order a copy of Military Laser Systems Market by Technology (Fiber Laser, Solid-State, Chemical Laser, CO2 Laser, Semiconductor Laser), Application (Defense, Homeland Security), Product Type - Forecast and Analysis to 2020 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=188077 .

From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, and Porter’s Five Forces analysis), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the military laser systems market; high-growth regions and countries and their respective regulatory policies; government initiatives ;and market drivers, restraints, and opportunities.

On a related note, another research titled Military Radar Market Global Forecast to 2020 says, The global military radars market was valued at USD 11.02 billion in 2015 and is projected to reach USD 13.04 billion by 2020, at a CAGR of 3.42% from 2015 to 2020. Increased concerns towards airborne fire control, surveillance, ground mapping, early warning, air traffic control (ATC) SAM guidance, and so on are driving the demand for military radars across the globe. Companies like Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Saab Group, Thales Group, Airbus Group, BAE Systems, General Dynamics, Israel Aerospace Industries Ltd., and Finmeccanica SPA. have been profiled in this 162 pages research report available at http://www.rnrmarketresearch.com/military-radar-market-by-platform-ground-based-naval-airborne-space-based-band-type-x-ku-band-l-s-band-others-application-weapon-guidance-system-surveillance-geography-global-forecast-to-2020-market-report.html .

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Release ID: 104524


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