Global High Energy Lasers Market Expected To Reach $ 14.74 Billion By 2026
DUBLIN, December 24, 2021 / PRNewswire / – The “High Energy Lasers Market – Growth, Trends, Impact of COVID-19, and Forecast (2021 – 2026)” the report was added to ResearchAndMarkets.com offer.
The high energy laser market has been valued at $ 7.43 billion in 2020, and it should reach $ 14.74 billion by 2026, registering a CAGR of 12.4% from 2021 to 2026. Industry is one of the industries affected by the covid-19 pandemic.
As the demand for machinery inventory declined, the demand for high-end lasers declined in 2020. The market again began to recover eventually after a slowdown and increased demand for China.
- High energy lasers have played a crucial role in modern society with an increasing number of applications in manufacturing, communication and defense. With increasing defense budget and research grants, militaries around the world are adopting high energy laser equipment and investing heavily in research and development. For example, in May 2021, the US military began testing a prototype laser weapon for short-range air defense; The weapon is a high energy 50 kilowatt laser attached to a Stryker A1 vehicle that can locate, lock down, track and destroy aerial threats.
- The defense industry is the source of a significant portion of R&D and the application of technology. The major spendthrift countries are keen to develop and integrate technology as part of their forces and operations. According to SIPRI, global defense spending has reached a record high of US $ 1.98 trillion in 2020, an increase of 2.6% compared to the previous year. Such developments should pave the way for new technologies and modernization.
- With the proliferation of drones in the defense sector, the demand for solutions that can track and destroy them has grown. For example, in March 2021, European missile maker MBDA and French company CILAS have agreed to work with electronic warfare and intelligence specialist SIGN4L to explore opportunities for co-development of high-energy laser weapon systems to destroy drones. These developments are expected to intensify further over the next few years.
- The application of high-energy lasers as part of missile defense systems is expected to increase, as defense spenders increasingly adopt these solutions and show interest in developing such solutions. For example, in March 2021, the Israeli Defense Ministry has shown interest in seeking US funding and expertise for their air and missile defense lasers; that of Israel current prototypes have achieved an output beam of nearly 100 kilowatts, while United States explored 300 kW weapons capable of killing cruise missiles.
Key market trends
Growing demand for laser weapons systems in the navy and growth in non-lethal deterrents?
- The demand for laser weapon systems in navies around the world is increasing at a rapid rate to combat airborne threats, such as missiles and drones. Lasers have proven their effectiveness against missiles and are deployed as the first safety net. For example, Lockheed Martin’s High-Energy Laser with Integrated Optical Glare and Surveillance, or HELIOS, is expected to be permanently deployed aboard a DDG ArleighBurke IIA flight destroyer in 2021. The US Navy has officially accepted the combat system. Laser in Aegis.
- Apart from this, laser weapons are tested to disable drones by incorporating such weapons on board warships. For example, in May 2020, the USS Portland successfully deactivated an unmanned aerial vehicle in a new high-energy laser weapon system test. Northrop Grumman developed the system and the test was carried out after the incident with the Chinese destroyer, where a military-grade laser was fired by a US Navy P-8A Poseidon patrol plane.
- In addition to United States, several other countries are also aiming to expand their naval capabilities in terms of deterrence and threat neutralization. China is one of the countries ready to run with United States for supremacy in this area. from China The People’s Liberation Army (PLA Navy) tested its tactical laser system which bears remarkable similarity to the US Navy’s Laser Weapon System (LaWS) in 2019.
- As vassals of the Navy, they are subject to missile attacks and other airborne threats against which the Defense Section is increasingly developing and implementing technologies capable of defending against such threats. In March 2021, announced that the on-board laser weapon is approaching extreme precision.
Asia Pacific to witness the strongest growth
- the Asia Pacific The region is one of the major users of high energy lasers in various fields with the growth of the market, driven by leading countries like China, India, and Japan.
- Tensions between the United States and China, cross-border conflicts, and the focus on nuclear power have bolstered high-energy lasers in the defense and military systems of various countries in the region, such as India.
- As part of the High Energy Tactical Laser System for the Army and Air Force of India, the country adopted and encouraged high-energy lasers in the military as part of the Defense Ministry’s TechnologyPerspective and Capability roadmap.
- The Research and Development Organization for the Defense of India announced his plans in September 2020 to form a national directed energy weapons program, including high energy lasers. DRDO is currently working on chemical oxygen-iodine lasers and high power fiber lasers and is considering a budget of $ 100 million of the Ministry of Defense for the 2021-2022 budget, which targets the production of high-power laser weapons. Such spending on high energy lasers is expected to have a positive impact on the growth of the country.
- According to SIPRI, from China military spending is estimated to amount to $ 252 billion in 2020, registering an increase of 1.9% compared to 2019. As part of its New Concept Weapons, China should advance and implement high energy lasers in its defense systems. Military spending and the country’s propensity for HEL integration indicate positive growth in the market studied.
- By emphasizing the control of space in terms of military domination, the studied market should benefit from the technological advances made by China with government funded investments in research and development.
- TRUMPF Pvt. Ltd.
- IPG Photonics
- Coherent, Inc
- nLight, Inc
- Bae Systems Plc
- Alltec GmbH
- Lockheed Martin Company
- Applied Enterprises Inc.
- The Boeing Company
- Lumentum Holdings
- Bystronic Laser AG
- Wuhan Raycus Fiber Laser Technologies Co. Ltd.
- Raytheon Company
- Northrop Grumman Corporation
- Han’s Laser Technology Co. Ltd.
For more information on this report, visit https://www.researchandmarkets.com/r/c4ufk7
Research and markets
Laura Wood, senior
For EST office hours, call + 1-917-300-0470
For USA / CAN call toll free + 1-800-526-8630
For GMT office hours, call + 353-1-416-8900
US Fax: 646-607-1904
Fax (outside the United States): + 353-1-481-171
SOURCE Research and Markets