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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

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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..

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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. 

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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.

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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.

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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/

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SOURCE Technavio

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DBS NAMED SAFEST BANK IN ASIA FOR THE 16TH CONSECUTIVE YEAR BY GLOBAL FINANCE

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October 18, 2024

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DBS ranked 2nd on the 50 Safest Commercial Banks list for the third consecutive year

SINGAPORE, Oct. 18, 2024 /PRNewswire/ — DBS Bank today announced that it has been named “Safest Bank in Asia” by New York-based trade publication Global Finance. This is the 16th consecutive year that DBS has been recognised with this accolade, extending a track record dating back to 2009. The bank also maintained its 2nd position in the ‘World’s 50 Safest Commercial Banks’ list and ranked 12th in the ‘World’s 50 Safest Banks’ list, holding both positions for the 3rd consecutive year.

The Global Finance annual rankings of the World’s Safest Banks have been the recognised and trusted standard of financial counterparty safety for more than three decades. Winners were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—of the 500 largest banks worldwide.

Joseph D. Giarraputo, Global Finance founder and editorial director, said, “Amid ongoing economic volatility and increasing scrutiny of digital currencies, financial institutions must contend with an ever-growing number of risks. DBS continues to be resilient in its risk management across their network and a bedrock of banking services for its clients in Asia.”

Said Chng Sok Hui, Chief Financial Officer of DBS Bank, “It is an honour to be recognised by Global Finance as Safest Bank in Asia yet again. In a world marked by increasing geopolitical and economic uncertainties, DBS’ resilient franchise and strong credit ratings – underpinned by a solid balance sheet, robust controls and sound risk management practices – instils confidence from our stakeholders. This accolade is a testament to our financial strength, upon which we continue to fortify our role as a trusted partner to our customers and the community.”

DBS has received global recognition from several prestigious financial publications, having been named “World’s Best Bank” multiple times by Euromoney, Global Finance and The Banker, and “World’s Best Bank for Corporate Responsibility” and “World’s Best Digital Bank” by Euromoney. Additionally, DBS has been featured in numerous case studies, with the latest by Harvard Business School, published in 2024, accessible here.

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 16 consecutive years from 2009 to 2024.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

View original content:https://www.prnewswire.com/in/news-releases/dbs-named-safest-bank-in-asia-for-the-16th-consecutive-year-by-global-finance-302280022.html

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LITEON Debuts Integrated AI Cloud Server Rack Solutions Powered by NVIDIA at 2024 OCP Summit

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October 18, 2024

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Pioneering Green Data Centers with Five Key Technologies: Power Supplies, Liquid Cooling, Racks, Software, and Systems

AI. Revolutionized. Green Resilience.

SAN JOSE, Calif., Oct. 17, 2024 /PRNewswire/ — LITEON Technology (2301.tw) is participating in the 2024 OCP Global Summit ( Open Compute Project ) in San Jose, USA, from October 15 to 17. Under the theme “AI. Revolutionized. Green Resilience,” LITEON will debut its new “Integrated AI cloud server rack solution.” This solution combines LITEON’s five key technologies: high-performance power supplies compliant with ORV3 standards, comprehensive liquid cooling systems, integrated mechanical design, intelligent power management software, and hardware-software system integration. Additionally, LITEON will showcase power supplies, racks, and liquid cooling systems compatible with NVIDIA architectures at the event. These include support for the NVIDIA GB200 NVL72 platform with a high-efficiency power system and NVIDIA MGX™ with modular system design racks, as well as liquid-to-liquid and liquid-to-air cooling solutions from LITEON. These innovations aim to enhance high-performance computing capabilities, efficient energy management, and cooling performance in data centers during the AI era, helping customers achieve low-carbon green data center energy management goals and creating comprehensive high-end AI computing system solutions.

Anson Chiu, the president of LITEON, states: “The AI-driven era has already transformed lifestyles and industries. Leveraging our deep technical expertise in high-end cloud server power supplies, LITEON integrates five key core capabilities: power, cooling, racks, software, and systems. This showcases LITEON’s comprehensive autonomous design and development technology. We continue to create sustainable and high-performance integrated server rack solutions, helping our customers achieve sustainable operations in green data centers, and pioneering a revolutionary new landscape in the AI field.”

“LITEON COOLING,” LITEON’s comprehensive liquid cooling solution, brings revolutionary changes to the cooling systems of green data centers, meeting the high-performance AI computing needs of data centers. At this event, LITEON showcases five liquid cooling series products. These include a fanless design 5600W Cold Plate Power Supply Unit with titanium-level efficiency, a liquid-to-liquid multi-intelligent in-row CDU 600kW,, liquid-to-liquid 120kW in-rack CDU compatible with the NVIDIA GB200 NVL72 platform, and liquid-to-air 140kW sidecar with the highest heat exchange efficiency, also compatible with the NVIDIA GB200 NVL72 architecture. These solutions offer flexible combinations for customers to meet various field and application needs, overcoming the limitations of traditional air cooling, significantly improving cooling efficiency, and enabling data centers to maintain high-performance workloads while reducing energy and carbon footprint consumption, creating more environmentally friendly green resilient data centers.

At this OCP exhibition, LITEON also showcases integrated cabinet power systems and solutions. These provide 97.5% high-density power conversion efficiency to meet the high-performance computing applications of AI servers. Additionally, LITEON’s self-developed intelligent power management system (PMC) offers customers digital management and remote real-time monitoring to assist decision-making, along with a robust power backup system featuring high-efficiency lithium battery backup power (BBU). Supported by intelligent power management software, it visualizes energy consumption patterns to ensure data center reliability.

LITEON integrates the advantages of five core energy management technologies, combining mechanical design, power system solutions, thermal management technology, and hardware-software integration capabilities. Paired with revolutionary server liquid cooling solutions, the integrated server rack design provides customers with rapid deployment in data center applications, committing to the advanced development of green resilient data centers.

For more information about LITEON’s power and liquid cooling solutions of green data center, please visit : https://www.liteon.com/en/solutions/green-data-center

LITEON’s Booth of OCP 2024 Information :

Date: October 15 – 17, 2024Location: San Jose McEnery Convention CenterBooth No.: C17-18Contact: Simon.Ong@liteon.com

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SOURCE LITEON Technology

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Taobao Malaysia Kicks Off 11.11 Sale, First Time in Both Chinese and English

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2 hours ago

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October 18, 2024

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Exciting early-bird perks await new and existing Malaysian users

KUALA LUMPUR, Malaysia, Oct. 18, 2024 /PRNewswire/ — The highly-anticipated Taobao 11.11 Sale (“11.11”) is back, set to be bigger and more inclusive for Malaysian consumers. With the theme “Shop As Far As You Can Think,” this year’s festival promises attractive offers and an unparalleled shopping experience made even more accessible through Taobao’s beta English Interface, introduced in September to complement the Chinese version.

Starting from 21 October, 8pm, Malaysian shoppers can indulge in a month-long celebration of exciting promotions, enticing instant discounts and chances to grab daily free shipping vouchers worth RM21, discovering exceptional bargains on a wide range of products across participating brands and merchants, from home essentials and fashion items to electronics accessories and more.  

Jess Lew, Country Manager for Tmall Taobao World, Malaysia, said, “We are thrilled to bring Taobao’s 11.11 Sale back to Malaysian consumers and enhance it to be bigger and better than ever. Our commitment is to create a shopping experience that is not only enjoyable but also tailored to the unique needs of local shoppers. With the beta English Interface now available, it has never been easier for everyone in Malaysia to immerse themselves in the excitement of this global shopping festival and discover all that Taobao has to offer.”

The festival kicks off with an early first sales window, running from 20:00:00 on 21 October to 23:59:59 on 24 October 2024, allowing shoppers ample time to check out their shopping cart items to enjoy early-bird 11.11 savings and early arrivals. The second phase will then follow, starting from 20:00:00 on 31 October and running until 23:59:59 on 11 November, where consumers enjoy extended promotional offers to secure their ideal products for the upcoming Christmas and Chinese New Year seasons.

Malaysia was one of the only two markets, alongside Singapore, where Taobao has rolled out a beta English Interface. Featuring artificial intelligence (AI)-powered translations, the new interface aims to bridge language barriers and provide non-Chinese-speaking Malaysian users with the opportunity to enjoy the platform’s diverse offerings in a seamless, user-friendly experience.

“We hope more Malaysian users will leverage this opportunity to shop for anything that comes to mind during this 11.11. Coupled with free shipping, shoppers can have their parcels delivered to their doorsteps in as fast as one week with our robust end-to-end logistics infrastructure,” added Lew.

To mark this year’s 11.11, Taobao Malaysia has curated a series of attractive promotions designed to give Malaysian consumers more ways to save:

Everyday Free Shipping: Stand a chance to grab free shipping vouchers daily at 10am worth RMB35 (equivalent to RM21) throughout the 11.11 period with no minimum spend.Buy More, Save More: Get a platform-wide discount of RMB50 for every RMB300 spent (equivalent to RM29 off for every RM170 spent).Surprise Instant Discounts: Check out daily at 8pm from 21 to 24 October to unlock an instant discount of up to RM300.Daily Promo Codes: Stand a chance to snag promo codes worth up to RMB111 (equivalent to RM66), released daily at 9pm on Taobao Malaysia’s Facebook and Instagram.New User Perks: New Taobao app users can claim exclusive benefits worth up to RM90, including:3 x Free shipping vouchers worth RMB105 (equivalent to RM65) in totalRMB30 off with a minimum spend of RMB31 (equivalent to RM18 off with a minimum spend of RM19)Service fee waiver of up to RMB15 (equivalent to RM10)Free return on first order (for West Malaysia only)

Additionally, Taobao Malaysia users making purchases with one of the following credit cards provided by third-party financial institutions can enjoy an instant discount of up to RM80 during the selected promotional periods:

31 October to 3 November; 10 to 11 November, 8PMCIMB: RM25 off with a minimum spend of RM180RHB: RM38 off with a minimum spend of RM250 OR RM50 off with a minimum spend of RM500PBB: RM30 off with a minimum spend of RM300 OR RM80 off with a minimum spend of RM600

Only on 31 October, 10AMRHB: RM25 off with a minimum spend of RM250

Only on 8 November, 10AMPBB: RM20 off with a minimum spend of RM200

The Taobao app is available to download for FREE on both the Apple App Store and Google Play Store. For more details on Taobao Malaysia’s 11.11 promotions, please stay tuned for updates on the Taobao Malaysia Facebook, Instagram and TikTok social media channels or visit the Taobao app.

* The platform rules will prevail over the specific promotion details.

About Taobao Malaysia
Taobao Malaysia aims to facilitate convenient shopping on Taobao and Tmall for consumers in Malaysia. Through the Taobao app, Malaysian shoppers can access billions of products, complete with logistics, payment and other services and offers tailored to their individual market needs. Taobao Malaysia is part of Alibaba International Digital Commerce Group.

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SOURCE Taobao Malaysia

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