Military Laser Designator Market Growth, Size, Share, Price, Analysis, Report, Forecast 2023-2028
Military Laser Designator Market Outlook
According to the report by Expert Market Research (EMR), the global military laser designator market price, is projected to grow at a CAGR of 5.70% between 2023 and 2028. Aided by the increasing efforts of various countries towards military modernisation and rising geopolitical tensions, the market is expected to grow significantly by 2028.
Laser designators are devices used to target an object to be attacked, usually for the delivery of laser-guided munitions such as laser-guided bombs from aircraft or missiles. These devices, primarily used by military and defence agencies, play a vital role in modern warfare, significantly enhancing the accuracy and effectiveness of weaponry, thus aiding the military laser designator market growth. Laser designators not only assist in identifying and locating targets but also offer excellent real-time data, making them an invaluable component in various military applications, including reconnaissance, target identification, and navigation.
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The increasing demand for precision-guided weaponry is propelling the global military laser designator market growth. With the growing requirement for precise, reliable, and effective military operations, there has been a significant shift towards precision-guided munitions, leading to a surge in demand for laser designator-based systems. Additionally, the escalating trend of modern warfare has further contributed to the popularity of laser designators, as they have become essential in the weaponry of many armed forces worldwide.
The expanding applications of laser designators in various military operations also play a significant role in fuelling the military laser designator market development. In the defence sector, laser designators are used for target acquisition, reconnaissance, and navigation. They also play a critical role in Unmanned Aerial Vehicle (UAV) operations, providing accurate target coordinates for the delivery of munitions.
Moreover, the burgeoning demand for technologically advanced equipment in military operations has led to an increased focus on laser designators, increasing the military laser designator market demand. With the rapid advancements in technology and the rising threats of warfare, laser designators have emerged as a crucial component in the deployment of technologically sophisticated weaponry. They are increasingly being used in conjunction with other advanced systems, such as infrared sensors and thermal imagers, thereby boosting the military laser designator market expansion.
Military Laser Designator Market Segmentation
The market can be divided based on standard, type, end use, and region.
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Market Breakup by Standard
- Eye Safe
- Non-Eyesafe
Market Breakup by Type
- Ground-Based
- Man-Portable
- Vehicle-Mounted
- Air-Borne
- Rockets and Missiles
- Aircraft
- Unmanned Aerial Vehicles
- Maritime
Market Breakup by End Use
- Military and Defence
- Internal Security
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global military laser designator companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- BAE Systems plc
- Alpha Design Technologies Pvt Ltd
- Elbit Systems Ltd
- Lockheed Martin Corporation
- General Atomics
- L3Harris Technologies, Inc
- Northrop Grumman Corporation
- Teledyne Flir LLC
- Safran Group
- Thales Group
- Others
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