Market Share of Military Laser Systems Industry
The military laser systems market is semi-consolidated and marked by prominent players, including Lockheed Martin Corporation, MBDA, the Boeing Company, RTX Corporation, and Northrop Grumman Corporation, among others. The growing adoption of military laser systems globally is accredited to growing collaboration and partnerships between various defense manufacturers.
Laser technologies are increasing in the military, with a lot of scope for innovation. Players are developing several types of advanced laser systems to attract new customers. In this regard, in April 2022, Israel tested the Iron Beam, a new laser-based air defense system capable of destroying aerial threats like UAVs, missiles, rockets, etc. Rafael Advanced Defence Systems developed the Iron Beam. The development of such technologies will help the growth of the players in the market during the forecast period.
Military Laser Systems Market Leaders
Lockheed Martin Corporation
The Boeing Company
Northrop Grumman Corporation
MBDA
RTX Corporation
*Disclaimer: Major Players sorted in no particular order
