The High Energy Lasers Market was valued at USD 10.980 billion in 2019 and is expected to reach USD 24.102 billion by 2025, at a CAGR of 14% over the forecast period 2020 - 2025. High Energy Lasers (HEL) (lasers with a higher degree of photon output and coherence) such as gas, solid-state and excimer lasers are engaged in core industries such as material processing, defense and automotive. Presently, HEL is playing an increasingly important part in the growth of several new processes, including guiding munitions and marking targets, missile defense systems, communication, and operational and diagnosis functions. HEL Weapon System is the most advanced and fitted concept for a tactical, ground-based defensive laser system, competent of being mounted on a variety of land, air, or sea-based platforms. For instance, the Airborne Laser (ABL) program is outlined to defend against Theater Ballistic Missiles in a tactical war scenario. Likewise, the Tactical High Energy Laser (THEL) program is currently testing a laser to guard against rockets and other tactical weapons. Rising demand for laser weapons systems in Navy, global growth for non-lethal deterrents, evolving nature of warfare from traditional to urban areas, legal implications, and policy for high energy weapons, precision target reach requirements are driving the market.
- These extremely powerful and light weighted high energy laser weapons are quite cost-effective countermeasures for airborne threats and are stationed in the battlefield or in space for tracing the path of a broad range of military vehicles like missiles, unmanned aerial vehicles (UAVs), fighter aircraft, submarines, warships, etc. For instance, the US military requiring systems related to Lockheed Martin’s prototype: The High Energy Laser Mobile Test Truck, outfitted with a 50-kilowatt high-energy solid-state high energy fiber laser and has a cost per kill of about USD 30, which will likely rise in both quality and lethality as technology further develops and becomes more competitive.
- Also, this spectrum is hard-pressed to match the current bandwidth requirement for high-resolution on-air video conferencing, images, and real-time data transfer. Hence, the focus has moved to a visible and infrared spectrum using high energy laser technology which is competent in providing secure data transfer because of its immunity to EMI. This technology has become the backbone of the global telecommunications network, because of a variety of advantages, such as immunity to electromagnetic interference, greater data capacity, no risk of starting electrical fires and enhanced and improved security of communications.
- Although High Energy Lasers cost much more than mechanical drills or blades, their different properties allow them to perform otherwise difficult tasks. A laser beam does not deform flexible materials as a mechanical drill would, so it can drill holes in materials such as soft rubber nipples for baby bottles. Likewise, laser beams can drill or cut into extremely hard materials without dulling bits or blades. For example, lasers have drilled holes in diamond dies used for drawing wire.
Scope of the Report
High Energy Lasers are used in numerous industries, with applications ranging across the defense, industrial, and medical sectors. Correctly, military lasers (lasers with a higher degree of photon output and coherence) such as gas, solid-state, and excimer lasers are used in core industries such as material processing and automotive. Presently, these are playing an increasingly important role in the development of many new processes, including guiding munitions and marking targets, missile defense systems, laser lightning displays, communication, and surgical and diagnosis functions.
Key Market Trends
High-energy Lasers has a Boom ahead in the Defense Sector
- HEL weapons systems could produce efficient, cost-effective countermeasures in an era of drones and other airborne threats. Modern scientific and engineering breakthroughs are making these systems closer to deployment. These extremely powerful and light weighted high energy laser weapons are highly cost-effective countermeasures for airborne threats.
- Furthermore, laser sensors are deployed in the battlefield or in space for tracking the path of a wide range of military vehicles like missiles, unmanned aerial vehicles, fighter aircraft, warships, submarines, and so on. Advancements in space operations and laser technology have offered synergistic possibilities of using high energy lasers from space-based platforms during military operations.
- Major applications for these high-power levels are fusion research, nuclear weapons testing, and missile defense. Recently, companies such as Lockheed-Martin, Boeing, and Raytheon have taken this existing technology, scaled it down, and adapted it for a variety of platforms with a new purpose: to shoot down weaponized drones (UAV's) and small munitions.
- Many engineering breakthroughs have added to the current state of HEL technology, which has approximately every branch of the US military and many defense contractors approaching solutions to the problem from many varied angles. Current projects include the application of commercial-off-the-shelf fiber lasers, free-electron lasers, diode-pumped solid-state approaches, and even liquid lasers.
North America Holds a Dominant Share of High-energy Lasers Market
- Advance test high in energy assets system along with the burgeoning adoption of high energy laser beam control concept is estimated to drive the sale of high-energy and military laser market. Significant increase in the spending in military expenses in the US has been driving the market of high-energy and military laser market in North America. The U.S. is leading the directed-energy and military laser market in North America.
- In the United States, high energy lasers receive more R&D funding than other directed-energy weapons because they are the most promising for lightweight, effective, low-cost operation. Specifically, energy from HELs can be delivered at the speed of light, unlike the supersonic or subsonic speeds of conventional missiles. Another factor driving the development of HEL weapons in the region is their low shot-to-shot operational cost.
- Many engineering breakthroughs have contributed to the current state of HEL technology, which has nearly every branch of the U.S. military and numerous defense contractors approaching solutions to the problem from many different angles. Current projects include the use of commercial-off-the-shelf fiber lasers, diode-pumped solid-state approaches, free-electron lasers, and even liquid lasers.
The High Energy Lasers Market is moderately competitive and consists of numerous major players. In terms of market share, many major players continue to hold a considerable share in the overall market, especially across developed economies in regions such as North America. The leaders constantly keep innovating for the new technology and investing in research and development. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability.
- August 2019 - The Brose Group and IPG Photonics, announced a project to collaborate on the development of the first direct weld measurement technology for automotive seat rails. In-line coherent imaging (ICI) technology will increase manufacturing efficiency, streamline validation and minimize waste. After piloting the state-of-the-art welding technology in its London, Ontario facility, Brose will integrate weld cells into several manufacturing facilities in the US and Europe, with production set to begin early 2020.
- October 2018 - TRUMPF launched the latest generation of its TruLaser Cell 7040, one of the most productive and versatile 3D laser systems. This allows the machine to process a broad range of materials, including steel and light metals, without the need for time-consuming retooling. Operators can choose between cutting and welding operations in 2D or 3D.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising√äDemand for Laser Weapons Systems in Navy & Growth for Non-lethal Deterrents
4.3 Market Restraints
4.3.1 Regulatory Compliance & High Cost
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Technology Snapshot and Product Type
4.5.1 Gas Laser
4.5.2 Chemical Laser
4.5.3 Excimer Laser
4.5.4 Solid State Laser
4.5.5 Fiber Laser
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Cutting, Welding & Drilling
5.1.2 Missile Defense System
5.1.4 Munitions and Marking Targets
5.1.5 Other Applications
5.2.1 North America
5.2.3 Asia Pacific
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 TRUMPF Pvt. Ltd.
6.1.2 IPG Photonics
6.1.3 Coherent, Inc
6.1.4 nLight, Inc
6.1.5 Bae Systems Plc
6.1.6 Alltec Gmbh
6.1.7 Lockheed Martin Corporation
6.1.8 Applied Companies Inc.
6.1.9 Dilas Diodenlaser Gmbh
6.1.10 Lumentum Holdings
6.1.11 Bystronic Laser AG
6.1.12 Wuhan Raycus Fiber Laser Technologies Co. Ltd.
6.1.13 Raytheon Company
6.1.14 Northrop Grumman Corporation
6.1.15 Han's Laser Technology Co. Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 INVESTMENT ANALYSIS
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
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The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
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