The Business Research Company’s report on the High Energy Lasers Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the high energy lasers market in recent years?
Increasing defense budgets is expected to propel the growth of the high-energy laser market going forward. Defense budgets are the financial resources allocated by governments to fund their military and defense operations. Defense budgets are rising due to several factors, such as geopolitical tensions, modernization initiatives, economic growth, and public and political support. Defense budgets allocate essential funding for the research and development of high-energy laser technologies, driving innovations that improve their efficiency and applications. These budgets also enable military organizations to acquire these systems, which are crucial for modern warfare and offer long-term cost savings compared to traditional munitions. For instance, in August 2024, according to the United States Department of Defense, a US-based government department, the Department of Defense (DOD) distributed funding of $1.94 trillion in FY 2024, up from $1.52 trillion in FY 2023. Therefore, the increasing defense budgets are driving the growth of the high-energy laser market.
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What is the projected market size of the high energy lasers industry, and how is it expected to grow?
The high energy lasers market size has grown rapidly in recent years. It will grow from $17.04 billion in 2024 to $20.07 billion in 2025 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to increased military applications, increased demand from aerospace and defense industry, rise in research and development, increased research and development, increased laser fusion.
The high energy lasers market size is expected to see rapid growth in the next few years. It will grow to $37.49 billion in 2029 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to increasing use for industrial and materials processing, rise in renewable energy, rise in environmental sensing, increasing cybersecurity and data communication, fiber lasers and beam control. Major trends in the forecast period include directed energy weapons (dew), space-based lasers, industrial laser cutting, laser weapon miniaturization trend, solid-state lasers.
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Who are the key players driving competition in the high energy lasers market?
Major companies operating in the high energy lasers market include Northrop Grumman, Lockheed Martin, Raytheon Technologies, Boeing, BAE Systems, L3Harris Technologies, Elbit Systems, Thales Group, Leonardo S.p.A., General Dynamics, SAAB, Kratos Defense & Security Solutions, Amentum, TRUMPF, Coherent, Optical Society, QinetiQ, Rheinmetall, Han’s Laser Technology, Kongsberg Gruppen, Energetics Technologies, INFINITUM, Hypertherm, GSI Group, Lasertec, IPG Photonics, Solid State Laser, EdgeWave
What key trends are expected to drive the high dynamic range market during the forecast period?
Emergence of artificial intelligence is a key trend gaining popularity in the high energy laser market. Many companies operating in the market are focused on developing AI-based products to get competitive advantage. For instance, in April 2022, the US Navy successfully tested the Layered Laser Defense (LLD), a laser weapon designed and developed by Lockheed Martin, a US-based aerospace, arms, defense, information security, and technology company. This the Layered Laser Defense (LLD), can use a high-power laser to counter unmanned aerial systems and fast-attack boats, as well as track inbound air threats, support combat identification, and conduct battle damage assessments of engaged targets. With specialized optics for viewing a target and directing laser beams for maximum effect, as well as artificial intelligence to improve tracking and aiming, LLD is compact and powerful yet more efficient than previous systems.
Which key geographies are driving the growth of the high energy lasers market?
North America was the largest region in the high energy lasers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high energy lasers market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the key segments driving growth in the high energy lasers market?
The high energy lasers market covered in this report is segmented –
1) By Product Type: Gas Laser, Fiber Laser, Solid State Laser, Excimer Laser
2) By Application: Cutting, Welding and Drilling, Military and Defense, Communications
Subsegments:
1) By Gas Laser: CO2 Lasers, Argon Lasers, He-Ne Lasers
2) By Fiber Laser: Continuous Wave Fiber Lasers, Pulsed Fiber Lasers, Specialty Fiber Lasers
3) By Solid State Laser: Nd Lasers, Yb Lasers, Ti Lasers
4) By Excimer Laser: ArF Lasers, KrF Lasers, XeCl Lasers
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How is the high energy lasers market defined?
High energy lasers are designed to be operated at lower power levels than their rated maximum, allowing the mission and limitations to be adapted to the impact on the target. The high energy lasers are used to provide heat to the surface of a target. The basic operational aspects of a HEL are that it is a line-of-sight system, which means that the target must be visible. The time of flight of the beam is nearly nil, and it only transmits thermal energy to a target’s surface over a non-negligible time scale.
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