Transparency Market Research

Military Laser Designator Market to Expand at a Stable CAGR of 7.9% During 2019–2027

The global military laser designator market was valued at US$ 75.87 Bn in 2018 and is anticipated to expand at a stable CAGR of 7.9% during the forecast period.

 

Albany, NY -- (SBWIRE) -- 09/25/2020 -- According to a new market research report published by Transparency Market Research titled 'Military Laser Designator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,' the global military laser designator market is projected to expand at a CAGR of 4.3% during the forecast period. According to the report, the global market would continue to be influenced by a range of macroeconomic and market-specific factors, such as increasing complexity of customers, sales, and other operational data of SMEs as well as large enterprises.

Advantages offered by military laser designators and increasing production and usage of lightweight laser designators are expected to boost the global military laser designator market in the next few years.

North America market to witness prominent growth, followed by Europe

In terms of revenue, Europe accounted for a significant share of the global military laser designator market in 2019. The region witnesses presence of a large number of aircraft manufacturers that are incorporating military laser designators in their new fighter jets. Advantages associated with laser designators are increasing their in aircraft and helicopters. Adoption of laser designators is increasing in homeland securities, while military laser designators are increasingly being employed for soldiers and troops. Moreover, increase in spending on research and development activities in aerospace and defense sectors is also expected to propel the market in Europe during the forecast period.

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The top 10 players operating in the global military laser designator market and included in the report are UTC Aerospace Systems, Alpha Design Technologies Pvt. Ltd., Northrop Grumman Corporation, Thales Group, L-3 Technologies Inc., Leonardo S.P.A., General Atomics, Elbit Systems Ltd., FLIR Systems Inc., and RPMC Lasers.

The global military laser designator market has been segmented as follows:

Global Military Laser Designator Market, by Type

Ground-based
Man-portable
Vehicle-mounted
Air-borne
Missiles & Rockets
Aircraft
Unmanned Aerial Vehicles

Global Military Laser Designator Market, by End-user

Military & Defense
Homeland Security

Global Military Laser Designator Market, by Region

North America
U.S.
Canada
Rest of North America
Europe
U.K.
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Rest of South America

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