Europe 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)
Market Introduction
Increasing focus by the government to strengthen military weapons and new developments in laser weapon by manufacturing companies boosting the market growth in Europe. For instance, European Commission initiated the European laser-weapon project with MBDA, a European missile-maker, with the funding of US$ 3.6 billion, which is developing the tactical advanced laser optical system (TALOS). This European defense agency initiated TALOS are expected to be deployed in European forces by 2027. The market players operating in Europe invest strongly in research and development activities to develop new products. For instance, in January 2019, Rheinmetall Defense, a European military technology contractor, introduced a new fully functional laser weapon system. The company claimed that the system can target and destroy nearby drones and mortar shells. Similarly, MBDA, a France-based company, is advancing its ship-borne laser weapon system with more accuracy for destroying tiny targets from miles away. The company is developing the advanced laser weapon systems for the UK under UK’s Dragonfire laser program. Other countries in Europe are upgrading their military weapons with advanced technologies having more accuracy and strength. The countries in the regions are developing more advanced weapon systems to strengthen their defense and military by forming partnerships with leading manufacturers and governments. For instance, the Defence Science & Technology Laboratory (DSTL) of the UK formed a partnership with the US Navy and British industry to develop future energy storage options for British warships. This development is expected to boost market growth by providing next-generation power to naval laser weapons. Such increasing focus toward the laser weapon systems and rising awareness about potential capabilities of the system is bolstering the market growth.
In case of COVID-19, Europe is highly affected specially the UK. The emergence of COVID-19 virus across the Europe region has led to lockdown scenarios has pushed led the industry experts to analyze that the defense equipment manufacturing industry would face 4 weeks to 12 weeks of lag in military electronic part supply chain. This disruption in supply chain has damaged the defense equipment manufacturing in 2020. The recovery period of impact of COVID-19 in defense industry is foreseen to be quicker as compared to various other industries. The European laser weapon systems market also had minimal impact on the market growth throughout 2020 as the manufacturers of LaWS continues their operations during Q3 and Q4 of 2020. Several other countries such as Russia, Germany, and others also had a major count of cases daily, owing to which countries initiated a lockdown and social striction. The defense systems in the developed countries in the regions are actively involved in the military developments and strengthening it, which is expected to support the market in the COVID-19 situation but with inadequate strength of workforce. Several countries also are focused on supporting the healthcare system in their countries, which lowered the military spending in 2020, thereby, somewhat hampering the businesses of laser weapon systems market.
Get more information on this report :
Market Overview and Dynamics
The Europe laser weapon systems market is expected to grow from US$ 365.49 million in 2021 to US$ 1,144.10 million by 2028; it is estimated to grow at a CAGR of 17.7 % from 2021 to 2028. Burgeoning demand of high-energy laser weapon system is expected to fuel the Europe laser weapon systems market. The leading market players across Europe region have introduced new high-energy laser weapon systems in the market, and it is getting positive response from customers owing to its enhanced power, energy, precision, and range. Laser weapon systems are increasingly deployed in the arsenals of several nations to strengthen the military defense power. Companies across Europe such as Raytheon Technologies and Lockheed Martin Corporation are offering the high-energy laser solution, while the companies such as Boeing, MBDA, and Rheinmetall AG are developing new systems with the adoption of inorganic strategies. For instance, in January 2021, MBDA and Rheinmetall are tasked by the German Navy to develop a high-energy laser weapon system over the next year. Such rising development in high-energy laser weapon systems is creating a new trend in the Europe market, as leading nations are focusing on deploying such system in their arsenals.
Key Market Segments
In terms of type, the fiber laser segment accounted for the largest share of the Europe laser weapon systems market in 2020. In terms of application, the ground-based segment held a larger market share of the Europe 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 Europe 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; MBDA; Northrop Grumman Corporation; Raytheon Technologies Corporation; and Rheinmetall AG.
Reasons to buy report
- To understand the Europe 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 Europe laser weapon systems market
- Efficiently plan M&A and partnership deals in Europe 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 Europe laser weapon systems market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Laser Weapon Systems Market Segmentation
Europe Laser Weapon Systems Market - By Type
- Chemical Laser
- Solid-State Laser
- Free Electron Laser
- Fiber Laser
Europe Laser Weapon Systems Market - By Application
- Air-based
- Ground-based
- Sea-based
Europe Laser Weapon Systems Market - By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Laser Weapon Systems Market - Company Profiles
- Boeing
- Elbit Systems Ltd.
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- MBDA
- 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. Europe 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
4.2.6 Ecosystem Analysis
5. Europe Laser Weapon Systems Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Mounting Investment in Weapon Systems
5.1.2 Growing Technical Developments in Laser Weapon System
5.2 Market Restraints
5.2.1 Insufficient Adoption of Laser Weapon Systems
5.3 Market Opportunities
5.3.1 Surging Development of Laser Weapon System for Fighter Aircraft
5.4 Future Trends
5.4.1 Burgeoning Demand of High-Energy Laser Weapon System
5.5 Impact Analysis of Drivers and Restraints
6. Laser Weapon Systems Market – Europe Analysis
6.1 Europe Laser Weapon Systems Market Overview
6.2 Europe Laser Weapon Systems Market Revenue Forecast and Analysis
7. Europe Laser Weapon Systems Market Revenue and Forecast To 2028 – By Type
7.1 Overview
7.2 Europe 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. Europe Laser Weapon Systems Market Analysis and Forecast To 2028 – By Application
8.1 Overview
8.2 Europe 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. Europe Laser Weapon Systems Market – Country Analysis
9.1 Overview
9.1.1 Europe: Laser weapon systems Market, by Key Country
9.1.2 France: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1 France: Laser Weapon Systems Market, by Type
9.1.2.2 France: Laser Weapon Systems Market, by Application
9.1.3 Germany: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1 Germany: Laser Weapon Systems Market, by Type
9.1.3.2 Germany: Laser Weapon Systems Market, by Application
9.1.4 Italy: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1 Italy: Laser Weapon Systems Market, by Type
9.1.4.2 Italy: Laser Weapon Systems Market, by Application
9.1.5 UK: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.5.1 UK: Laser Weapon Systems Market, by Type
9.1.5.2 UK: Laser Weapon Systems Market, by Application
9.1.6 Russia: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.6.1 Russia: Laser Weapon Systems Market, by Type
9.1.6.2 Russia: Laser Weapon Systems Market, by Application
9.1.7 Rest of Europe: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
9.1.7.1 Rest of Europe: Laser Weapon Systems Market, by Type
9.1.7.2 Rest of Europe: Laser Weapon Systems Market, by Application
10. Europe Laser Weapon Systems Market - COVID-19 Impact Analysis
10.1 Europe: 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 MBDA
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 Northrop Grumman 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 Raytheon Technologies Corporation
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 Rheinmetall AG
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
12.8 Boeing
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Laser Weapon Systems Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. France: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. UK: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Laser Weapon Systems Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Europe: Laser Weapon Systems Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Laser Weapon Systems Market Segmentation
Figure 2. Europe Laser Weapon Systems Market Segmentation – By Country
Figure 3. Europe Laser Weapon Systems Market Overview
Figure 4. Europe Laser Weapon Systems Market, by Type
Figure 5. Europe Laser Weapon Systems Market, by Application
Figure 6. Europe Laser Weapon Systems Market, By Country
Figure 7. Porter’s Five Forces Analysis
Figure 8. Europe Laser Weapon Systems Market- Ecosystem Analysis
Figure 9. Europe Laser Weapon Systems Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Laser Weapon Systems Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Europe Laser Weapon Systems Market, by Type (2020 & 2028)
Figure 12. Europe Chemical Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Solid-State Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Free Electron Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Fiber Laser: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Laser Weapon Systems Market, By Application (2020 & 2028)
Figure 17. Europe Air-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Ground-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Sea-based: Laser Weapon Systems Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe: Laser Weapon Systems Market, by Key Country – Revenue (2020) (USD Million)
Figure 21. Europe: Laser Weapon Systems Market Revenue Share, by Key Country (2020 & 2028)
Figure 22. France: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Germany: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Italy: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Russia: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Europe: Laser Weapon Systems Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Impact of COVID-19 Pandemic in Europe Country Markets
- Boeing
- Elbit Systems Ltd.
- L3Harris Technologies, Inc.
- Lockheed Martin Corporation
- MBDA
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- Rheinmetall AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe laser weapon systems market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in Europe laser weapon systems market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the laser weapon systems market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution