Market Share of Military Laser Systems Industry
The military laser systems market is semi-consolidated and marked by prominent players, including Lockheed Martin Corporation, MBDA, The Boeing Company, RTX Corporation, and Northrop Grumman Corporation. The growing adoption of military laser systems globally is accredited to growing collaborations and partnerships between various defense manufacturers.
Laser technologies are increasing in the military, with much scope for innovation. Players are developing several types of advanced laser systems to attract new customers. In this regard, in April 2022, Israel tested the Iron Beam, a new laser-based air defense system capable of destroying aerial threats like UAVs, missiles, and rockets, developed by Rafael Advanced Defence Systems.
Military Laser Systems Market Leaders
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Lockheed Martin Corporation
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The Boeing Company
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Northrop Grumman Corporation
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MBDA
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RTX Corporation
*Disclaimer: Major Players sorted in no particular order
