Market Overview:
The global military laser target designator market is estimated to be valued at US$ 1,362.8 Mn in 2018 and is projected to reach US$ 3,521.4 Mn by 2030, registering a CAGR of 12.9% from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into airborne laser target designators and ground-based laser target designators.
Product Definition:
A laser target designator is a device used by military aircraft to designate targets to other aircraft or ground forces. It projects a beam of infrared light onto the target, which then reflects back some of the energy as visible light. This allows others to see the target more easily, and also can be used for guidance purposes.
Airborne:
Airborne laser target designator (ALTD) is a device used to direct a laser beam against the ground and track moving objects. It uses an airborne platform to scan the ground for targets. It can be used in both day & night, with no wind and adverse weather conditions making it one of the most effective weapons against advancing enemy forces.
Ground-based:
Ground-based laser target designator (GBL TD) is a device used by the military to direct an aircraft or ground-mobile laser at a designated point. It uses lasers for both, tracking and marking targets. The term “ground” in the name does not refer to any surface feature as such but rather it refers to the fact that these systems are deployed on Earth/the ground.
Application Insights:
The ground-based applications segment dominated the global military laser target designator market in terms of revenue share in 2017. The growth can be attributed to the increasing usage of lasers for targeting and designation of targets by ground troops on battlefields. Furthermore, growing adoption and integration with smartphones, tablets, laptops as well as smartwatches is further driving the demand for GLTDDs among infantrymen and commanders.
Surface vessels are expected to emerge as one of the fastest-growing segments over the forecast period owing to rising use cases such as anti-aircraft warfare (AAW) and surface ships/platforms that require precision strikes from a great distance away from its vicinity. AAW units require long range targeting capabilities due to increased accuracy while engaging aerial threats at long distances which is where GLTDD comes into play by providing precise laser aiming points during training or actual combat operations against enemy forces.
Regional Analysis:
The North America regional market is anticipated to dominate the global military laser target designator industry over the forecast period. The increasing number of defense budget in this region, especially in U.S., is one of the major factors contributing to growth of this regional market. In addition, presence of key players such as Boeing and Lockheed Martin that are providing laser targeting systems for aircraft and ground-based targets respectively is expected to drive demand for these products across North America region during the forecast period.
Asia Pacific regional market also accounted for a significant share owing to increase in spending by countries like China on military modernization and rise in tensions with India over disputed territories like Arunachal Pradesh & Jammu & Kashmir etc., which has led China to increase its defense budget significantly over past few years thereby driving demand across Asia Pacific region during the same period.
Growth Factors:
- Increasing demand for laser target designators from the military sector as they provide precision and accuracy in targeting
- Growing investments by countries across the world in defence sector to modernize their military capabilities
- Proliferation of asymmetric warfare and terrorism, which has led to an increase in demand for laser target designators
- Technological advancements that have led to the development of smaller, lighter and more efficient laser target designators
- Rising popularity of drone technology, which is increasing the demand for laser target designators
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Laser Target Designator Market Research Report
By Type
Airborne, Ground-based
By Application
Submarines, Surface Vessels, Dismounted Soldier, Tracked and Wheeled Vehicles, Handheld Binoculars, Fixed-and-rotary Wing Aircraft, Tethered Aerostats and UAVs, Satellites, Others
By Companies
L3 Technologies, Leonardo, Northrop Grumman, UTC Aerospace Systems, Gooch & Housego, RPMC Lasers, Elbit Systems, FLIR Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Military Laser Target Designator Market Report Segments:
The global Military Laser Target Designator market is segmented on the basis of:
Types
Airborne, Ground-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Submarines, Surface Vessels, Dismounted Soldier, Tracked and Wheeled Vehicles, Handheld Binoculars, Fixed-and-rotary Wing Aircraft, Tethered Aerostats and UAVs, Satellites, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- L3 Technologies
- Leonardo
- Northrop Grumman
- UTC Aerospace Systems
- Gooch & Housego
- RPMC Lasers
- Elbit Systems
- FLIR Systems
Highlights of The Military Laser Target Designator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Airborne
- Ground-based
- By Application:
- Submarines
- Surface Vessels
- Dismounted Soldier
- Tracked and Wheeled Vehicles
- Handheld Binoculars
- Fixed-and-rotary Wing Aircraft
- Tethered Aerostats and UAVs
- Satellites
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Laser Target Designator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A laser target designator is a device that uses lasers to designate targets for gunfire.
Some of the key players operating in the military laser target designator market are L3 Technologies, Leonardo, Northrop Grumman, UTC Aerospace Systems, Gooch & Housego, RPMC Lasers, Elbit Systems, FLIR Systems.
The military laser target designator market is expected to grow at a compound annual growth rate of 12.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Laser Target Designator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Military Laser Target Designator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Laser Target Designator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Military Laser Target Designator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Military Laser Target Designator Market Size & Forecast, 2018-2028
4.5.1 Military Laser Target Designator Market Size and Y-o-Y Growth
4.5.2 Military Laser Target Designator Market Absolute $ Opportunity
Chapter 5 Global Military Laser Target Designator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Military Laser Target Designator Market Size Forecast by Type
5.2.1 Airborne
5.2.2 Ground-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Laser Target Designator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Military Laser Target Designator Market Size Forecast by Applications
6.2.1 Submarines
6.2.2 Surface Vessels
6.2.3 Dismounted Soldier
6.2.4 Tracked and Wheeled Vehicles
6.2.5 Handheld Binoculars
6.2.6 Fixed-and-rotary Wing Aircraft
6.2.7 Tethered Aerostats and UAVs
6.2.8 Satellites
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Laser Target Designator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Military Laser Target Designator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Military Laser Target Designator Analysis and Forecast
9.1 Introduction
9.2 North America Military Laser Target Designator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Military Laser Target Designator Market Size Forecast by Type
9.6.1 Airborne
9.6.2 Ground-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Military Laser Target Designator Market Size Forecast by Applications
9.10.1 Submarines
9.10.2 Surface Vessels
9.10.3 Dismounted Soldier
9.10.4 Tracked and Wheeled Vehicles
9.10.5 Handheld Binoculars
9.10.6 Fixed-and-rotary Wing Aircraft
9.10.7 Tethered Aerostats and UAVs
9.10.8 Satellites
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Military Laser Target Designator Analysis and Forecast
10.1 Introduction
10.2 Europe Military Laser Target Designator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Military Laser Target Designator Market Size Forecast by Type
10.6.1 Airborne
10.6.2 Ground-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Military Laser Target Designator Market Size Forecast by Applications
10.10.1 Submarines
10.10.2 Surface Vessels
10.10.3 Dismounted Soldier
10.10.4 Tracked and Wheeled Vehicles
10.10.5 Handheld Binoculars
10.10.6 Fixed-and-rotary Wing Aircraft
10.10.7 Tethered Aerostats and UAVs
10.10.8 Satellites
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Military Laser Target Designator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Laser Target Designator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Military Laser Target Designator Market Size Forecast by Type
11.6.1 Airborne
11.6.2 Ground-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Military Laser Target Designator Market Size Forecast by Applications
11.10.1 Submarines
11.10.2 Surface Vessels
11.10.3 Dismounted Soldier
11.10.4 Tracked and Wheeled Vehicles
11.10.5 Handheld Binoculars
11.10.6 Fixed-and-rotary Wing Aircraft
11.10.7 Tethered Aerostats and UAVs
11.10.8 Satellites
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Military Laser Target Designator Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Laser Target Designator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Military Laser Target Designator Market Size Forecast by Type
12.6.1 Airborne
12.6.2 Ground-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Military Laser Target Designator Market Size Forecast by Applications
12.10.1 Submarines
12.10.2 Surface Vessels
12.10.3 Dismounted Soldier
12.10.4 Tracked and Wheeled Vehicles
12.10.5 Handheld Binoculars
12.10.6 Fixed-and-rotary Wing Aircraft
12.10.7 Tethered Aerostats and UAVs
12.10.8 Satellites
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Military Laser Target Designator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Laser Target Designator Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Military Laser Target Designator Market Size Forecast by Type
13.6.1 Airborne
13.6.2 Ground-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Military Laser Target Designator Market Size Forecast by Applications
13.10.1 Submarines
13.10.2 Surface Vessels
13.10.3 Dismounted Soldier
13.10.4 Tracked and Wheeled Vehicles
13.10.5 Handheld Binoculars
13.10.6 Fixed-and-rotary Wing Aircraft
13.10.7 Tethered Aerostats and UAVs
13.10.8 Satellites
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Military Laser Target Designator Market: Competitive Dashboard
14.2 Global Military Laser Target Designator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 L3 Technologies
14.3.2 Leonardo
14.3.3 Northrop Grumman
14.3.4 UTC Aerospace Systems
14.3.5 Gooch & Housego
14.3.6 RPMC Lasers
14.3.7 Elbit Systems
14.3.8 FLIR Systems
