Laser Warning System Market to Achieve 5.8% CAGR During 2018 to 2028


Reading time ( words)

The demand for laser warning systems is on a linear trend with the imminent laser threat from economies such as North Korea, Russia, China, and some of the Middle Eastern countries. Developments in electronic warfare products and the rising demand for detection, surveillance and other applications are driving the growth of the global laser warning system market.

Growing military expenditure and investments by countries are creating opportunities for the installation of laser warning systems on military aircrafts, helicopters, naval ships, warships, and military tanks. The growth of laser warning systems is positively impacted by the production of electronic products related to detection applications. The global market for laser warning system has witnessed significant advancements in 2018, reaching the valuation of US$ 454 Mn.

Manufacturers of laser warning systems are globally limited to the target marketplace, which is the defence sector, and hence the competition is strongly stacked among the key players. Manufacturers are concentrating on acquiring new orders for the installation of laser warning systems. New orders and investments related to military aircraft are expected to be the key driving factors for the growth of the global laser warning system market.         

Segmentation Highlights—Global Laser Warning System Market

  • On the basis of number of sensors, laser warning systems with three or four sensors is anticipated to remain the leading segment in terms of global market share, and reach over a 73% share by the end of 2028.
  • On the basis of end user, the air force segment is anticipated to be a prominent segment in the global laser warning system market, accounting for more than 75% of the total market value by the end of 2028.
  • In 2018, Europe and North America are pegged to be attractive regions in the laser warning system market, accounting for more than 58% of the global market share.

Swelling demand for three or four sensor type laser warning systems is anticipated to impact leading manufacturers to initiate production bases for electronic warfare products in developing nations to further strengthen their businesses. ELBIT SYSTEMS LTD, Saab Group, Thales Group, BAE Systems, Leonardo S.p.A., and Collins Aerospace are some of the key players operating in the global laser warning system market. The global laser warning system market is structured and the leading players account for nearly three-fourths of the market share.  

Long-term Outlook: In terms of market value, the global laser warning system market is projected to register a 5.8% CAGR during the forecast period and create an absolute $ opportunity worth US$ 345.1 Mn. During the forecast period, Europe, North America and East Asia are likely to witness high adoption of laser warning systems and register CAGRs higher than 6.0%.

Persistence Market Research Overview

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Share

Print


Suggested Items

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.



Copyright © 2019 I-Connect007. All rights reserved.