Market Trends of High Energy Lasers Industry
This section covers the major market trends shaping the High Energy Lasers Market according to our research experts:
Rising Demand for Laser Weapons Systems in Navy and Growth for Non-lethal Deterrents
- To combat airborne threats like missiles and drones, the demand for laser weapon systems in the navy is rapidly rising across the globe. As the first line of defense against missiles, lasers are being used because they have proven effective. For instance, a flight IIA DDG Arleigh Burke destroyer is scheduled to have Lockheed Martin's High Energy Laser with Integrated Optical-dazzler and Surveillance, or HELIOS, permanently installed on board in 2021. The Laser was formally integrated into the Aegis Combat System by the US Navy.
- Apart from this, laser-based weapons are being tested for disabling drones by integrating such weapons aboard naval vessels. For example, the USS Portland successfully disabled an uncrewed aerial vehicle during a new high-energy laser weapon system test during COVID-19. Northrop Grumman developed the system, and the test was conducted after the incident with the Chinese destroyer, where a weapons-grade laser was shot by a US Navy P-8A Poseidon patrol aircraft.
- In addition to the United States, various other countries are also aiming at expanding their naval capabilities in deterring and disabling threats. China is among the countries set to race with the United States for supremacy in this field. China's People's Liberation Army Navy (PLA Navy) tested their tactical laser system that bears remarkable similarity to the US Navy's Laser Weapon System (LaWS) .
- As navy vassals are prone to attacks from missiles and other airborne threats against whom the defense section is increasingly developing and inducting technologies that can defend against such threats. In March 2021, announced that the ship-borne laser weapon is edging closer to achieving pinpoint accuracy.
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Asia Pacific to Witness the Highest Growth
- The Asia-Pacific region is a leading adopter of high-energy lasers across various fields due to the growth of the market, driven by major countries like China, India, and Japan. The US-China tensions, inter-border conflicts, and the focus on nuclear power have furthered high-energy lasers in the defense and military systems of various countries in the region, like India.
- As part of the Tactical High Energy Laser System for the Army and Air Force of India, the country has adopted and encouraged high-energy lasers in the military as part of the TechnologyPerspective and Capability Roadmap by the Ministry of Defence.
- The Defence Research and Development Organisation of India announced plans to form a national program on directed energy weapons, including high-energy lasers. The DRDO is working on chemical oxygen-iodine lasers and high-power fiber lasers and is eyeing a budget of USD 100.0 million from the Ministry of Defence for the 2021-2022 budget, which is aimed at the production of high-power laser weapons. Such spending on high-energy lasers is expected to impact the country's growth positively.
- According to SIPRI, China, the second-largest consumer in the world, increased its military spending by 4.7% in 2021 to an estimated USD 293 billion. China has increased its military spending for 27 years running. The 14th Five-Year Plan, which runs from 2021 to 2025, was first implemented with the Chinese budget for 2021. As part of its New Concept Weapons, China is expected to advance and implement high-energy lasers in its defense systems. The military spending and the country's inclination toward integrating HELs indicate the studied market's positive growth.
- With the focus on controlling the space in terms of military dominance, the studied market is expected to benefit from technological advancements made by China with government-funded investments in research and development.
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