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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Military Laser Designator Market Size
The global military laser designator market size is expected to grow at a CAGR of 5.70% between 2024 and 2032. The market is being driven by the increasing efforts of various countries towards military modernisation and rising geopolitical tensions.
Key Trends in the Market
A military laser designator is a light source used for defining and marking a target for military equipment such as precision artillery, laser guided bombs, and missiles. These designators can be mounted on aircrafts, naval vessels, and round vehicles, and comprise of coded pulses fired at the target through invisible beams.
- Rising demand for precision targeting is a key military laser designator market trend propelling the growth of the market. Modern warfare demands minimal collateral damage and this can be aided by the enhanced precision offered by military laser designators.
- Technological advancements in military laser technologies such as development of compact and lightweight lasers, along with miniaturisation and enhancement of laser performance, have improved the operational effectiveness of military laser designators and boosted the market growth.
Military Laser Designator Market Report Snapshots
Military Laser Designator Market Size
Military Laser Designator Market Analysis
Military Laser Designator Market Share
Military Laser Designator Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The military laser designator market forecast indicates a promising growth of a CAGR of 5.70% in the upcoming years.
The major market drivers include increasing efforts of various countries around the world towards military modernisation, rising border disputes, increasing geopolitical tensions, and growing importance of high precision targeting.
The key trends fuelling the growth of the market include adoption and development of novel technologies, increasing compatibility of military laser designators with various equipment, and rising use in internal security.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The primary standards of military laser designators are eye safe and non-eyesafe.
The major types of military laser designators in the market are ground-based and air-borne.
The significant end uses of military laser designators are military and defence and internal security.
The key players in the military laser designator market, according to the report, are 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, and Thales Group, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124