Military Laser Systems Market Growth Stats In Forecast Years
Market Overview: Military Laser Systems market growth Size is expected to reach USD 4.62 Billion by 2030, registering a CAGR of 8.87 % during 2020-2030. The laser systems are expected to pave the way for next-gen weapon systems. The laser-based weapons could be used as a defense system for manned and unmanned aircrafts, to save it from heat-seeking missiles. The Defense Advanced Research Projects Agency (DARPA) in cooperation with Northrop Grumman and Lockheed Martin has been actively working towards the development of such systems. It aims to develop such laser weapons to defend the aircraft from EO/IR guided surface-to-air missiles. Ultimately, the goal is to develop a next-gen laser weapon system, that would be ten times lighter and more compact than the current high-power chemical laser systems, and which could be mounted on a pod to the manned aircraft and UAVs. The government and research agencies, across the globe, are involved in the R&D activities for developm...