Connect with us

Technology

Military Laser Systems Market to Grow by USD 1.69 Billion from 2024-2028, Driven by Advancements in Laser-Based Communication, AI-Powered Market Evolution – Technavio

Published

on

NEW YORK, Oct. 17, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Military Laser Systems market  size is estimated to grow by USD 1.69 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.9%  during the forecast period. Focus on developing laser-based communication is driving market growth, with a trend towards emergence of directed-energy atmospheric lens concept. However, project terminations due to failure of prototypes  poses a challenge – Key market players include BAE Systems Plc, Coherent Corp., Dynetics Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., MBDA, MKS Instruments Inc., Newport Corp., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Rheinmetall AG, RTX Corp., Saab AB, Safran SA, Thales Group, and The Boeing Co..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product Type (Laser weapon systems, Laser radar systems, and Laser target designators) and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

BAE Systems Plc, Coherent Corp., Dynetics Inc., Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., MBDA, MKS Instruments Inc., Newport Corp., Northrop Grumman Corp., Rafael Advanced Defense Systems Ltd., Rheinmetall AG, RTX Corp., Saab AB, Safran SA, Thales Group, and The Boeing Co.

Key Market Trends Fueling Growth

In January 2017, BAE Systems unveiled the Laser Developed Atmospheric Lens (LDAL) concept at their military facility in Warton, Lancashire. The Rutherford Appleton Laboratory and optical sensors specialist LumOptica have evaluated this innovative technology. LDAL works by temporarily ionizing or heating a small region of the ionosphere, creating lens-like structures that magnify the path of electromagnetic waves. This system mimics natural phenomena, such as the reflective properties of the ionosphere and desert mirages. LDAL can enhance observation capabilities by enabling the detection of enemy activities over greater distances. Additionally, it can function as a protective shield against high-power laser weapon attacks. The global defense industry is focusing on the development of this technology to enhance surveillance and security. Therefore, the growing demand for advanced sensing and protection systems is expected to drive the growth of the military laser systems market during the forecast period. 

The Military Laser Systems market is experiencing significant growth due to increasing defense spending and military modernization. High-powered microwave and AI-enabled beam control are trending technologies in this sector. Military platforms are being integrated with advanced laser-based solutions for offensive and defensive operations. Next-gen laser weapons are being developed for target designation, guided munitions, and directed energy weapons. High-speed lasers, fiber lasers, and CO2 lasers are key technologies driving the market. Solid-state and chemical lasers are also gaining popularity. LIDAR, 3D scanning, and laser designator are essential for military applications, including combat systems, homeland security, and electronic warfare. Defensive countermeasures against terrorism activities are a major focus area. Military spending on laser weapon systems is expected to increase due to the need for precise weapons and communication networks. The market also includes laser altimeters and communication systems for military applications. Overall, the Military Laser Systems market is a dynamic and innovative sector that offers significant opportunities for growth. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

•         The military laser systems market is an emerging sector, with laser technology being a long-established yet continually evolving field. The development of laser weapons for military applications necessitates significant time and financial resources. Unfortunately, the failure of high-profile projects, such as the Boeing YAL-1 Airborne Laser, can significantly impact progress. This project, which aimed to create a megawatt-class laser weapons system using a chemical oxygen-iodine laser (COIL) inside a modified Boeing 747-400F for missile defense, ended in a USD5 billion investment after more than five years of research and testing. Such setbacks may hinder the growth of the military laser systems market during the forecast period.

•         The Military Laser Systems Market is experiencing significant growth due to the increasing demand for advanced technology in defense and national security. Two primary types of military laser systems are Chemical Lasers and CO2 Lasers, each with unique capabilities for Target Designation, Guided Munitions, and Directed Energy Weapons. Challenges include the development of Defensive Countermeasures against enemy lasers and Electronic Warfare. Military applications include Combat Systems, Homeland Security, and Communication Networks. High-Speed Lasers, Fiber Lasers, and High-Power Solid-State Lasers offer Precise Weapons and Operational Efficiency, while Laser Altimeter and Laser technology advancements enhance Military Spending in Defense. Cost-efficiency and Sustainability are crucial factors, with High-Intensity Laser Weapons and Unmanned Aerial Vehicles leading the way. Collaboration between Defense Suppliers and advancements in Directed Energy Weapons, Laser Precision, and High-Energy Lasers continue to shape this dynamic market.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This military laser systems market report extensively covers market segmentation by

Product Type1.1 Laser weapon systems1.2 Laser radar systems1.3 Laser target designatorsGeography 2.1 North America2.2 APAC2.3 Europe2.4 Middle East and Africa2.5 South America

1.1 Laser weapon systems-  The military laser systems market is witnessing significant growth due to the prioritization of laser weapon systems by defense departments worldwide. Notable countries, including the US and Russia, have already developed and deployed laser weapon systems for live operations. In 2015, Lockheed Martin unveiled a 30-kW mobile laser weapon system capable of disabling a truck, while in 2017, they set a record with a 58 kW laser beam. These systems consist of fiber laser modules, which can be scaled up by adding more fiber bundles. China is developing a powerful laser weapon for space-based attacks on satellites, with a chemical laser weighing less than five tons planned for low-earth orbit. The Russian defense ministry is also reportedly developing laser, electromagnetic, and plasma weapons for their armed forces, capable of hypersonic speeds. These advancements underscore the potential growth of the laser weapon system segment during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Military Laser Systems market is experiencing significant growth due to advancements in laser technology, which is revolutionizing national defense with high-intensity laser weapons. Unmanned aerial vehicles (UAVs) are increasingly integrating laser systems for enhanced capabilities. Defense suppliers are investing in directed energy weapons for operational efficiency and cost-efficiency. Solid-state lasers and high-power lasers are at the forefront of this technology, offering sustainability and infrastructure challenges. High-powered microwave and AI-enabled beam control are also gaining traction. Defense spending, military modernization, terrorism activities, and geopolitical conflicts are key drivers for the market. Advanced laser-based solutions are being explored for offensive and defensive operations, including LIDAR, 3D scanning, laser weapon systems, laser range finders, and solid-state lasers. Chemical lasers are also being considered for their unique capabilities. The market is expected to continue growing as laser technology continues to evolve and find new applications in military applications.

Market Research Overview

The Military Laser Systems market is experiencing significant growth due to advancements in laser technology and the increasing demand for high-intensity laser weapons in national defense. These systems offer numerous benefits, including precision, operational efficiency, and cost-efficiency. High-power solid-state lasers, high-energy lasers, high-powered radiofrequency, and high-powered microwave are some of the technologies driving this market. Military laser systems find applications in various sectors, including defense suppliers, unmanned aerial vehicles, directed energy weapons, and military platforms integration. The integration of artificial intelligence (AI) in beam control further enhances the capabilities of these systems. Military modernization, defense spending, and military applications in offensive and defensive operations are significant factors driving the market. Advanced laser-based solutions are being used for target designation, LIDAR, 3D scanning, and laser weapon systems. Moreover, the market is witnessing the development of next-gen laser weapons, such as fiber lasers, high-speed lasers, and chemical lasers, for combat systems, homeland security, electronic warfare, and communication networks. The market is also witnessing the integration of laser technology in precise weapons, laser altimeters, and guided munitions, among others. The increasing threat of terrorism activities and the need for defensive countermeasures are further boosting the demand for military laser systems. Overall, the market is expected to continue its growth trajectory due to the numerous advantages offered by laser technology in military applications.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Product TypeLaser Weapon SystemsLaser Radar SystemsLaser Target DesignatorsGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/military-laser-systems-market-to-grow-by-usd-1-69-billion-from-2024-2028–driven-by-advancements-in-laser-based-communication-ai-powered-market-evolution—technavio-302278813.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Global Cloud Industry Outlook worth $1,256.8 billion by 2025- Exclusive Report by MarketsandMarkets™

Published

on

By

DELRAY BEACH, Fla., Jan. 15, 2025 /PRNewswire/ — According to a research report “Global Cloud Industry Outlook 2025: A Preview of the Future of Cloud Innovation” published by MarketsandMarkets, the global cloud industry will grow from USD 1,091.4 billion in 2024 to USD 1,256.8 billion by 2025 at a YoY increase of 15.1%. 

Browse in-depth TOC on “Global Cloud Industry Outlook”

60 – Tables
50 – Figures
80 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=233205216

Cloud Service Providers’ (CSPs’) focus on multi-cloud and hybrid strategies primarily drives the cloud industry in 2025. Looking ahead, the cloud landscape is set for a transformative shift, characterized by the widespread adoption of generative AI, increased competition, and heightened demand for industry-specific solutions.

Cloud developments in 2024 and upcoming predictions in 2025

The cloud market is set for continued growth, driven by increasing adoption in emerging economies and expanding cloud implementations by BFSI firms through both organic and inorganic initiatives. More organizations are turning to multi-cloud and hybrid strategies to boost flexibility and resilience. Meanwhile, the integration of Generative AI with cloud platforms is driving new innovations in services and applications, as competition among Cloud Service Providers (CSPs) heats up, resulting in more specialized and competitive offerings. As cybersecurity risks in the cloud grow, security and compliance will become top priorities. The demand for industry-specific cloud solutions will rise, with retail expected to see the highest growth in the coming years. This growth is reflected in the IT services spending, projected to rise from $1.59 trillion in 2024 to $1.74 trillion in 2025, highlighting the increasing demand for cloud-based solutions across industries. Cloud-native technologies like containers will play a critical role, and managing complex hybrid infrastructures remains a key challenge for CSPs striving for seamless operations.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=233205216

Top Key Companies in Global Cloud Industry Outlook:

AWS, Microsoft, Google, Salesforce, and IBM are the major players in cloud industry, with a 35.1% combined market share in 2023. Other prominent market players are Oracle, SAP, Alibaba Cloud, Adobe and Tencent Cloud. In 2024, key CSPs strive to maintain their cloud leadership positions with new product launches and product enhancements, Gen AI advancements, and strategic deals, partnerships and collaborations. In 2025, cloud providers will continue investments in advanced security and sovereign cloud, hike cloud service prices, launch cloud regions in unexplored countries, and focus on industry-specific cloud offerings.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=233205216

North America leads the Cloud Industry, and Asia Pacific experiences the highest YoY growth.

North America dominates the cloud market, as most major CSPs are headquartered in the United States; they are driving the continued adoption of cloud AI, analytics, and digitalization across sectors ranging from healthcare and finance to retail. Europe remains stable in its growth due to market demand for compliance, security, and regulatory solutions that the cloud provides, as well as governmental digital initiatives. Asia Pacific sees the highest year-over-year growth, driven by rapid digitalization, cloud migration in emerging markets, and robust government support. The Middle East and Africa are experiencing significant growth, particularly in the energy and government sectors. Latin America is expanding due to rising demand for cloud services in e-commerce, education, and digital services.

Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting

Related Reports:

Cloud AI Market– Global Forecast to 2029

Serverless Computing Market – Global Forecast to 2029

Cloud ITSM Market – Global Forecast to 2029

Retail Cloud Market – Global Forecast to 2028

Confidential Computing Market– Global Forecast to 2028

Get access to the latest updates on Global Cloud Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/global-cloud-industry-outlook-worth-1-256-8-billion-by-2025–exclusive-report-by-marketsandmarkets-302351383.html

Continue Reading

Technology

Purina Awards $125,000 to Five U.S.-Based Pet Startups through 2025 Pet Care Innovation Prize

Published

on

By

Winning startups across the pet industry – from veterinary care to treats and e-commerce – will compete for an additional $25,000 Grand Prize in March

ST. LOUIS, Jan. 15, 2025 /PRNewswire/ — Today, five pet care startups from across the country have been named finalists in the ninth annual Pet Care Innovation Prize powered by Purina. Each finalist – which represent startups across the entire pet care spectrum – will receive $25,000 and mentorship support from Purina, a global leader in pet care, as the startups work to scale their businesses in the growing $324.19 billion* global pet care industry.

The 2025 Pet Care Innovation Prize Winners were selected from nearly 150 applicants from around the world. This year’s winners are: 

VEA: Based in Alexandria, Va., VEA is an AI-driven platform designed to predict disease, generate diagnostic plans and support nutrition for longevity. VEA also aims to solve workflow and documentation challenges for clinical staff, reducing the number of clicks it takes to complete exams and enabling veterinary teams to focus more on patient care.Maven: New York-based Maven is the first vet-recommended health sensor capable of continuously monitoring pets’ well-being and identifying early, clinically relevant changes. With these insights, pet owners and clinic teams can diagnose issues sooner and treat more effectively, helping pets live healthier, happier lives.Ten Lives: San Francisco-based Ten Lives produces the cleanest animal proteins for cats. Using microbes to convert sugar to protein, Ten Lives develops the same proteins naturally found in prey such as rabbit, fish and lamb, made without animals in human-grade precision fermentation facilities.ShopDot Pet: Based in Missoula, Mont., ShopDot Pet is a platform that allows neighborhood pet care providers such as groomers, trainers and vets to generate additional revenue by easily selling pet essentials without the heavy costs of inventory or shipping. ShopDot Pet enables pet service businesses and great pet brands to collaborate and sell more together.Yak9 Chews: Based in Austin, Tex., Yak9 Chews is an award-winning premium pet brand dedicated to crafting all-natural, long-lasting cheese chews for dogs, made from simple, real and ethically sourced ingredients.

In addition to the $25,000 in non-dilutive prize money, each of the five startup winners also receives mentorship from the Pet Care Innovation team at Purina and Active Capital, as well as the opportunity to participate in an accelerator boot camp at Purina’s headquarters in St. Louis, MO, which features sessions with Purina’s top pet experts and influential voices across the pet care industry.

“At Purina, our commitment to enriching the lives of pets and their people is strengthened through collaboration with innovative startups, such as the incredible cohort of this year’s Pet Care Innovation Prize finalists,” said Patrick Mullen, co-lead of Purina’s 9 Square Ventures group and vice president of strategic planning at Purina. “These passionate pet care entrepreneurs are tackling challenges in a variety of areas that all have the opportunity to help pets and those who are passionate about them thrive. We are excited to partner with these companies to foster their growth and success in the continuously growing and competitive pet care landscape.”

The five finalists will compete for an additional $25,000 grand prize this March at a pitch competition at Global Pet Expo, an annual trade show presented by the American Pet Products Association and the Pet Industry Distributors Association, where each startup will present to Purina executives, industry influencers and investors.

Purina, through its 9 Square Ventures corporate venturing group, partnered with investing leaders at Active Capital to create the Pet Care Innovation Prize in 2016. The effort provides financial support and mentorship opportunities for early-stage companies that are defining the future of pet care through novel products or services that provide meaningful solutions in the areas of pet health and wellness, services, technology, food, treats and litter.

9 Square Ventures leverages Purina’s knowledge, experience, and financial resources to help emerging pet care startups scale their businesses and make a positive impact on the lives of as many pets and their owners as possible. The group has been steadily investing millions of dollars in a diverse set of early-stage pet care startups since it was founded in 2014. 

For more information about the Pet Care Innovation Prize powered by Purina, visit https://petcareinnovation.net.

*From Precedence Research 

About Purina
Nestlé Purina PetCare creates richer lives for pets and the people who love them. Founded in 1894, Purina has helped dogs and cats live longer, healthier lives by offering scientifically based nutritional innovations. 

Purina manufactures some of the world’s most trusted and popular pet care products, including Purina ONE, Pro Plan, Friskies and Tidy Cats. Our more than 11,000 U.S. associates take pride in our trusted pet food, treat and litter brands that feed 46 million dogs and 68 million cats every year. Nearly 500 Purina scientists, veterinarians, and pet care experts ensure our commitment to unsurpassed quality and nutrition.

Over the past five years, Purina has contributed more than $150 million towards organizations that bring, and keep, people and pets together, as well as those that help our communities and environment thrive. Purina is part of Nestlé, a global leader in Nutrition, Health and Wellness. For more information, visit purina.com or subscribe here to get the latest Purina news.

About Active Capital:
Active Capital is a St. Louis-based impact investing leader, helping startups and investors come together to grow innovative products and initiatives. Active Capital manages the Pet Care Innovation Prize.

View original content to download multimedia:https://www.prnewswire.com/news-releases/purina-awards-125-000-to-five-us-based-pet-startups-through-2025-pet-care-innovation-prize-302351541.html

SOURCE Nestle Purina PetCare

Continue Reading

Technology

East Baton Rouge Parish Becomes INdigital’s First NGCS Customer in Louisiana

Published

on

By

BATON ROUGE, La. and FORT WAYNE, Ind., Jan. 15, 2025 /PRNewswire/ — INdigital, a leading provider of advanced 911 solutions, is proud to announce that East Baton Rouge Parish has become the company’s first Next-Generation Core Services (NGCS) customer in Louisiana. This milestone underscores INdigital’s commitment to delivering innovative and reliable emergency communication solutions across the state.

East Baton Rouge Parish Communications District’s decision to select INdigital as their NGCS provider was driven by INdigital’s proven track record of delivering reliable and innovative communication solutions. “INdigital stood out with its advanced technology and infrastructure, which align with our vision for a modernized 911 communication system that can efficiently handle our community’s increasing demands,” said Jim Verlander East Baton Rouge Parish Communication District Director.

Next-Generation Core Services transform traditional 911 systems by enabling advanced features such as multimedia communication, enhanced location accuracy, and seamless interoperability. These innovations are designed to better serve residents and first responders during critical situations.

“This partnership with East Baton Rouge Parish reinforces our commitment to helping public safety answering points (PSAPs) stay at the forefront of 911 technology,” said Eric Hartman, Executive Vice President at INdigital. “By embracing NGCS, East Baton Rouge is ensuring their community benefits from faster, more accurate, and more resilient emergency communications.”

Looking ahead, the NGCS project is expected to shape the future of emergency communications across Louisiana. “We envision a seamless network that enhances real-time information sharing, swiftly and efficiently enabling access to critical data across jurisdictional lines. This will not only improve response times during emergencies but also facilitate better coordination among first responder agencies,” said Verlander. “As we move forward, the innovative technologies of Next Generation Core Services will undoubtedly shape a safer and more connected future for all Louisianans.”

INdigital’s expansion into Louisiana’s NGCS market marks a significant growth milestone. With existing partnerships in the state, this latest collaboration showcases INdigital’s ability to adapt its state-of-the-art solutions to meet local needs while maintaining a national standard of excellence.

For more information about INdigital and its services, visit indigital.net.

About INdigital
INdigital is a leading provider of 911 solutions, dedicated to improving public safety through innovative technology. With a focus on delivering reliable, scalable, and advanced communication systems, INdigital supports emergency service agencies across the country in their mission to save lives.

View original content to download multimedia:https://www.prnewswire.com/news-releases/east-baton-rouge-parish-becomes-indigitals-first-ngcs-customer-in-louisiana-302351947.html

SOURCE INdigital

Continue Reading

Trending