Asia-Pacific Laser Weapon Systems Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Chemical Laser, Solid-State Laser, Free Electron Laser, and Fiber Laser) and Application (Air-based, Ground-based, and Sea-based)

Code: TIPRE00022807 | Pages: 112 | Industry: Aerospace and Defense | Date: Jun 2021 | Type: Regional

Market Introduction

The laser weapon systems market in APAC is segmented into China, India, Japan, South Korea, and the Rest of APAC. Swift advancements in technologies, various initiatives by governments, and the growing number of military systems manufacturing industries are among the factors propelling the growth of the region's overall economy, driving it from a developing to developed phase. APAC strongly imported advanced military armaments in the past few years owing to the increased tension among various nations. The increased strain between India and China; Russia and South Korea; China and Taiwan; China and South Korea; and India and Pakistan generate demand for advanced weapons, which supports the market growth. For instance, in December 2020, according to the South Korean Defense Ministry, the country's defense system scrambled 19 fighter jets of Russian and Chinese military forces due to intrusion into South Korea's air defense identification zone. Such rising conflicts are encouraging the countries to upgrade their military weapons, which, in turn, is driving the growth of the laser weapon systems market in APAC. In September 2020, the Indian Defence Research and Development Organisation (DRDO) announced the plan to develop new directed energy weapons (DEWs) such as high-powered microwaves and high-energy lasers for contactless conflicts of the future. Also, India has initiated the project to establish a tactical high-energy laser system for the air force and army. Similarly, China and Japan also invested a large amount of capital in developing vehicle-mounted laser systems. Increasing conflicts among Asian countries create a rising demand for modern weapons with more accuracy and firepower. Meeting these advanced weapon needs, the laser weapon system is getting developed by various countries such as India, China, and Japan, which, in turn, drives the market growth. 

In case of COVID-19, APAC is highly affected specially India. The COVID-19 emerged in China and has affected several nearing countries such as South Korea, India, and others. Countries like China, India, South Korea, Japan, and others are increasingly moving towards the advancement of the military and defense. The COVID-19 has minimal impact on the market than other nations, as the defense contractors in the countries continued to operate, however, due to shortage of workforce, the year-on-year growth rate of development of products and technologies declined. China being the largest military spender in the region witnessed havoc outburst of COVID-19 virus during Q1 of 2020, which led the government to shut down the country, thereby, tampering the entire supply chain. This reflected loss in annual sales among the Chinese defense electronics and defense equipment manufacturers. China is also the largest DEW systems (including LaWS) developer and manufacturer in APAC. The massive outbreak of COVID-19 has reflected limited developments in the laser weapon systems industry.


Get more information on this report :



Market Overview and Dynamics

The APAC laser weapon systems market is expected to grow from US$  231.58 million in 2021 to US$ 913.67 million by 2028; it is estimated to grow at a CAGR of 21.7 % from 2021 to 2028. Mounting technological development in laser weapon system is expected to surge the market growth. Improvements in laser techniques have resulted in high-energy laser weapons with longer range. Laser weapon-developing companies across APAC region such as Raytheon Technologies and Lockheed Martin Corporation are introducing new developments in laser technologies. For instance, Raytheon Technologies has awarded US$ 15.5 million contracts to develop an upgraded buggy-mounted laser weapon system. The weapon can destroy drones or small unmanned aerial systems within 3 km with a game-style controller and a laptop. The market players across APAC region are launching new laser weapon systems depicting advanced versions with better performance. For instance, in November 2020, Hanwha Group, a South Korean conglomerate, showcased its new family of laser weapon systems at DX Korea 2020 defense exhibition. The three advanced laser systems—laser-based anti-aircraft weapon gun, self-propelled system, and light tactical vehicle equipped with laser weapon system—have been unveiled by the company. Therefore, the increasing development in laser weapon systems gives a variety of options to customers, thereby augmenting the APAC market growth. 

Key Market Segments

In terms of type, the fiber laser segment accounted for the largest share of the APAC laser weapon systems market in 2020. In terms of application, the ground-based segment held a larger market share of the APAC laser weapon systems market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC laser weapon systems market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Boeing; Elbit Systems Ltd.; L3Harris Technologies, Inc.; Lockheed Martin Corporation; Northrop Grumman Corporation; Raytheon Technologies Corporation; and Rheinmetall AG.

Reasons to buy report

  • To understand the APAC laser weapon systems market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC laser weapon systems market 
  • Efficiently plan M&A and partnership deals in APAC laser weapon systems market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC laser weapon systems market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Laser Weapon Systems Market Segmentation

APAC Laser Weapon Systems Market - By Type

  • Chemical Laser
  • Solid-State Laser
  • Free Electron Laser
  • Fiber Laser  

APAC Laser Weapon Systems Market - By Application

  • Air-based
  • Ground-based
  • Sea-based

APAC Laser Weapon Systems Market - By Country

  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC      

APAC Laser Weapon Systems Market - Company Profiles

  • Boeing
  • Elbit Systems Ltd.  
  • L3Harris Technologies, Inc.
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Rheinmetall AG

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Laser Weapon Systems Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Buyers

4.2.2        Bargaining Power of Suppliers

4.2.3        Threat to New Entrants

4.2.4        Threat to Substitutes

4.2.5        Competitive Rivalry

4.3         Ecosystem Analysis

5.           APAC Laser Weapon Systems Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Escalating Investment in Weapon Systems

5.1.2        Mounting Technological Development in Laser Weapon System

5.2         Market Restraints

5.2.1        Low Adoption of Laser Weapon Systems

5.3         Market Opportunities

5.3.1        Rising Development of Laser Weapon System for Fighter Aircraft

5.4         Future Trends

5.4.1        Surging Demand of High-Energy Laser Weapon System

5.5         Impact Analysis of Drivers and Restraints

6.           Laser Weapon Systems Market – APAC Analysis

6.1         APAC Laser Weapon Systems Market Overview

6.2         APAC Laser Weapon Systems Market Revenue Forecast and Analysis

7.           APAC Laser Weapon Systems Market Revenue and Forecast To 2028 – By Type

7.1         Overview

7.2         APAC Laser Weapon Systems Market, By Type (2020 & 2028)

7.3         Chemical Laser

7.3.1        Overview

7.3.2        Chemical Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

7.4         Solid-State Laser

7.4.1        Overview

7.4.2        Solid-State Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

7.5         Free Electron Laser

7.5.1        Overview

7.5.2        Free Electron Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

7.6         Fiber Laser

7.6.1        Overview

7.6.2        Fiber Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

8.           APAC Laser Weapon Systems Market Analysis and Forecast To 2028 – By Application

8.1         Overview

8.2         APAC Laser Weapon Systems Market, By Application (2020 & 2028)

8.3         Air-based

8.3.1        Overview

8.3.2        Air-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

8.4         Ground-based

8.4.1        Overview

8.4.2        Ground-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

8.5         Sea-based

8.5.1        Overview

8.5.2        Sea-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

9.           APAC Laser Weapon Systems Market – Country Analysis

9.1         Overview

9.1.1        APAC: Laser Weapon Systems Market, by Key Country

9.1.2        China: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.1.2.1          China: Laser Weapon Systems Market, by Type

9.1.2.2          China: Laser Weapon Systems Market, by Application

9.1.3        Japan: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.1          Japan: Laser Weapon Systems Market, by Type

9.1.3.2          Japan: Laser Weapon Systems Market, by Application

9.1.4        India: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.1.4.1          India: Laser Weapon Systems Market, by Type

9.1.4.2          India: Laser Weapon Systems Market, by Application

9.1.5        South Korea: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.1.5.1          South Korea: Laser Weapon Systems Market, by Type

9.1.5.2          South Korea: Laser Weapon Systems Market, by Application

9.1.6        Rest of APAC: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

9.1.6.1          Rest of APAC: Laser Weapon Systems Market, by Type

9.1.6.2          Rest of APAC: Laser Weapon Systems Market, by Application

10.        APAC Laser Weapon Systems Market - COVID-19 Impact Analysis

10.1      APAC: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.1.1     Market Initiative

11.1.2     Product Launch

12.        Company Profiles

12.1      Elbit Systems Ltd.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      L3Harris Technologies, Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Lockheed Martin Corporation

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Northrop Grumman Corporation

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Raytheon Technologies Corporation

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Rheinmetall AG

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Boeing

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             APAC Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             APAC: Laser Weapon Systems Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             China: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             China: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Japan: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Japan: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 7.             India: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             India: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 9.             South Korea: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          South Korea: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Rest of APAC: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of APAC: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 13.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Laser Weapon Systems Market Segmentation

Figure 2.           APAC Laser Weapon Systems Market Segmentation – By Country

Figure 3.           APAC Laser Weapon Systems Market Overview

Figure 4.           APAC Laser Weapon Systems Market, by Type

Figure 5.           APAC Laser Weapon Systems Market, by Application

Figure 6.           APAC Laser Weapon Systems Market, By Country

Figure 7.           Porter’s Five Forces Analysis

Figure 8.           APAC Laser Weapon Systems Market- Ecosystem Analysis

Figure 9.           APAC Laser Weapon Systems Market Impact Analysis of Drivers and Restraints

Figure 10.        APAC Laser Weapon Systems Market Revenue Forecast and Analysis (US$ Million)

Figure 11.        APAC Laser Weapon Systems Market, by Type (2020 & 2028)

Figure 12.        APAC Chemical Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        APAC Solid-State Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        APAC Free Electron Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        APAC Fiber Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        APAC Laser Weapon Systems Market, By Application (2020 & 2028)

Figure 17.        APAC Air-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        APAC Ground-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        APAC Sea-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        APAC: Laser Weapon Systems Market, by Key Country – Revenue (2020) (USD Million)

Figure 21.        APAC: Laser Weapon Systems Market Revenue Share, by Key Country (2020 & 2028)

Figure 22.        China: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Japan: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        India: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        South Korea: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Rest of APAC: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic in APAC Country Markets

 

  1. Boeing
  2. Elbit Systems Ltd.
  3. L3Harris Technologies, Inc.
  4. Lockheed Martin Corporation
  5. Northrop Grumman Corporation
  6. Raytheon Technologies Corporation
  7. Rheinmetall AG
Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$3000
Site License
$4000
Enterprise License
$5000