Persistence Market Research’s recently published research study on the laser warning system market, titled “Laser Warning System: Global Industry Analysis, 2013–2017, and Forecast, 2018–2028,” offers a detailed volume-value analysis of the laser warning system market along with insights on Y-o-Y growth and market value (US$ Mn) on the basis of number of sensors, threat detection type, end user and region/country.
For the case of volume analysis, the market for laser warning systems has been segmented on the basis of number of sensors, such as 1 & 2 sensors, 3 & 4 sensors, more than 4 sensors. The global laser warning system market covers the installation of laser warning systems in newly built and existing (retrofitting) aircraft, naval ships, and military tanks.
The report on the global laser warning system market provides forecast factors, macroeconomic factors, market definition, Porter's analysis, and other factors that influence and impact the global laser warning system market. Followed by that, the global laser warning system market report comprises market dynamics such as drivers, restraints, trends and opportunities. The global laser warning system market report provides data for the financial year 2017 with an inclusive analysis of the market forecast for the period 2018 – 2028.
For the better understanding of readers, the report has been categorically segmented into different sections on the basis of number of sensors, threat detection type, end user, and region/country. The first section of the laser warning system market report includes market introduction/definition, taxonomy, and market definition by segments. In addition to that, demand side trends, supply side trends, and technology roadmap have also been covered with respect to the growth trend of the global laser warning system market.
The second section of the global laser warning system market report includes macroeconomic factors along with value chain analysis, forecast factors, drivers, restraints, trends, and opportunities and pricing analysis. In the subsequent section, the laser warning system market viewpoint has been covered, which includes the global value and volume analysis.
By End Use
The report delivers important insights pertaining to the above-mentioned segments in the global laser warning system market. The final part in the market background covers a detailed study of the factors that are expected to have a positive/negative influence on the laser warning system market, such as technological growth, investments and other key insights pertaining to the market.
The following sections comprises the global laser warning system market analysis by number of sensors, threat detection type, end user, and region/country. The overall analysis of the laser warning system market for numerous regions depends on the macroeconomic environment of the particular regions. Each regional section of the report contains qualitative data and quantitative aspects of the global laser warning system market.
In the final section of the report, we have provided a competition analysis with company market share analysis pertaining to the laser warning system and performance of manufactures by tier down structure of global laser warning system market. In the competition dashboard section of the global laser warning system market, we have provided a dashboard view of major players along with the market share, and their key business strategies. This would enable clients to evaluate strategies deployed by market leaders and help them develop effective strategies consequently.
The first stage of research includes the formulation of a preliminary hypothesis, which was considered from primary as well as secondary approaches. The subsequent stages involve the triangulation of data gathered from the two approaches. To determine the market trends and opportunities, the global laser warning system market report has been segmented on the basis of four criteria: number of sensors, threat detection type, end user and region/country.
For the final data analysis of the laser warning system market, we have considered 2017 as the base year and basic data was collected from public sources as well as sources such as the company’s annual reports, World Bank, newsletters, published reports on government or public sites, industry association’s reports and data. The collected data was further validated from product manufacturers, end-user procurement agencies, distributors and regional representatives.
For market estimation, we have considered both demand-side as well as supply-side drivers and trends along with the industrial scenario in a particular region/country. Historical data includes data for the period 2013-2017 and forecast estimation for the period 2018-2028. We have considered the product and technology developments, collaboration activities, new contracts and orders, market trends, mergers and acquisitions, and strategic developments among the manufactures of laser warning systems.
The forecast presented in the global laser warning system report evaluates the actual market size (US$ Mn) in 2017 with regard to the product (laser warning system) and the expected market value in the global laser warning system market over the forecast period. Moreover, the report provides market attractiveness for the upcoming ten years, which will help clients identify real opportunities in the global laser warning system market.
Further, we also considered the regulations regarding laser warning systems, laser-based missiles and weapons for the estimation of consumption of laser warning systems for every region. For instance, in Europe, there are a number of stringent regulations for the production of laser related weapons but rising terrorist activities and geopolitical tensions have increased the need for laser warning systems. Hence, the impact of regulations does have an influence on the global laser warning system market.
Moreover, to analyze the market share and competition analysis section, we tracked companies’ key developments such as collaborations, expansion activities, new contracts, military expenditure and investments, mergers & acquisitions, new orders, product launches, awards and recognition. For market share and tier analysis based on key and regional players in the laser warning systems market, we collected the data from annual reports published by the manufacturers of laser warning systems and estimated the market share of players on the basis of the distribution of the product at a regional level.
Installation of Laser Warning System Surging Rapidly in Military & Air Force Applications
A laser warning system consists of sensors and a laser warning controller. Laser warning systems are deployed over military aircraft, military tank, and naval vessels to determine the laser range. There are a certain number of sensors required to ensure complete coverage in accordance with the size of the military tank, aircraft, and naval vessel. In recent times, it is essential for high cost military related vehicles and equipment to install laser warning systems as they are efficient in detecting indirect and direct scattered laser light from laser designators, laser rangefinders, or beam-rider laser aided targeting systems.
At present, laser warning systems equipped with three or four sensors and a controller are widely used in most of the existing applications. This type of laser warning systems cover more than 73% of the market in terms of value. Laser warning systems have been witnessing rapid growth in terms of installation rate, predominantly driven by countries such as the US, the UK, Germany, Russia, China, Japan, South Korea, and France.
High Demand Growth in Mid-Sized Military Aircraft and Increasing Adoption of Electronic Warfare Systems
Laser warning systems are used for military and defense related operations to detect laser sources and support secure military assets such as aircraft, ships and tanks. Laser warning systems are commonly deployed over the body of the military equipment and vehicles such as aircraft, helicopters, naval ships and carriers, and main battle tanks.
Soaring deployment of laser warning systems for currently in-use military aircraft and tanks has been driving the growth of the laser warning system market. The laser warning system market is expected to remain a low volume market, majorly influenced by laser threat and attacks. In the future, the global laser warning system market is expected to register steady growth, particularly across countries such as the US and the UK, Germany, France, Russia, Israel, China Japan and South Korea.
High Adoption Rate of 3 & 4 Sensor Type of Laser Warning System
On the basis of the number of sensors, the laser warning system market has been segmented into 1 and 2 sensors, 3 and 4 sensors, and more than 4 sensors. This research study on the laser warning system market also provides key information pertaining to end-use applications, such as ground force or military, maritime force or navy and air force. In recent years, 3 and 4 sensors type of laser warning systems have been witnessing large-scale deployment.
The global laser warning system market has been valued at around US$ 452 Mn in 2018 and will reportedly expand at a CAGR of 5.8% through 2028, as suggested by PMR’s study.
Lack of Strong Existence of Regional Players Continues to Favor Globally Leading Players
The global laser warning system market is driven by investments in military expenditure in terms of fighter aircraft, both manned and unmanned. Collaboration activities for the delivery of new technologies among the western players in the global laser warning system market are expected to drive the adoption rate in the future. In addition, partnerships between government or defense agencies and aircraft manufacturers are expected to further drive the adoption of laser warning systems. The availability of electronic warfare products and further research and development investments by multi-national players are expected to drive the market growth at a steady pace.
On the other hand, geo-political unrest between multiple economies is expected to hold a prominent impact on the market growth during the forecast period. The retrofitting or installation of laser warning systems on currently in-use military aircraft is expected to positively impact the global laser warning system market growth. Asia’s rising military investments for the production of electronic warfare products are expected to support the growth of the laser warning system market during the projected period.
Key Market Participants – Global Laser Warning System Market
The key companies reported in this study include ELBIT SYSTEMS LTD, Saab Group, Thales Group, BAE Systems, Leonardo S.p.A., and Collins Aerospace among others. Multinational players are key participants in the global laser warning system market, and they offer laser warning systems for military and defense applications in various regions. Further, manufacturers of laser warning systems from Israel, Turkey, the UK, France, Italy and the US are exporting laser warning systems to developing countries such as India, Malaysia, and Brazil. In recent times, competition in the global market has led to technological collaborations and is expected to further intensify during the forecast period with the growth of players from Israel, Turkey, China and Japan.