Global high energy lasers market is likely to exhibit a promising growth curve as far as the short-term outlook is considered. The report will uncover the insights into how the market growth will unfold in the next few years.
High Energy Lasers Market Expands on the Back of Growing Adoption of Lasers in Medical Proceures, and Equipment
The rising use of lasers in medical devices and surgical applications accounts for the expansion of high energy lasers market. The quick development of nanofabrication technology is also anticipated to support global market expansion. With their several advantages over conventional material processing, the manufacturing industry has also boosted the adoption of laser technology, which is anticipated to be one of the key reasons driving the market. Government regulations governing the use of lasers for marking and engraving, along with the expanding use of lasers in medical equipment and procedures, are expected to drive market expansion in the near future. High-energy lasers have an expanding number of uses in modern society, ranging from industry to communication and defense. With the increased defense budgets and research grants, militaries worldwide are acquiring high-energy laser-based technology and spending much on R&D. Global military spending will be US$2.1 Tn in 2021, up 0.7% in real terms, according to SIPRI. In 2021, the United States, China, India, the United Kingdom, and Russia will spend the most on the military globally, making up 62% of the total. Such advancements need to open the door for modernization and new technology.
Governments became more dependent on modern technology as more nations developed nuclear weapons because modern combat is very different from traditional warfare. These have boosted the amount of money moving into the market and technological developments. High-energy laser systems are one of the cutting-edge technologies that governments are currently researching. The high energy lasers market has greatly grown as a result. For instance, the Israeli Defense Ministry expressed interest in the United States in March 2021 by asking for funding and technical assistance for their air and missile defense lasers; the United States has been looking into 300-kW weapons that can destroy cruise missiles, while Israel's current prototypes have an output beam of almost 100 kilowatts.
High Energy Lasers Market: COVID-19 Impact
The market for high-energy lasers was significantly affected by the COVID-19 outbreak. Government-imposed lockdowns in different regions of the world have logically decreased demand. The impacted manufacturing industry, supply chain procedures, and other factors are to blame for this. With the pandemic, there have been supply chain interruptions that have allowed end users to have damaging consequences on manufacturing and business processes. Labor and raw material shortages considerably impacted the global market for high-energy lasers. On the other hand, defense companies are employing multi-sourced components that may consider their aim to limit their dependency on components from various locations due to the possibility of comparable supply chain interruptions.
Higher Demand for Navy High Power Laser Weapon Systems Benefits High Energy Lasers Market
The need for laser weapon systems in the navy is rapidly rising across the globe to combat airborne threats like missiles and drones. Lasers are being used as the initial line of defense against missiles since they have proven effective. For instance, the US Navy officially approved the High Energy Laser with Integrated Optical-dazzler and Surveillance, or HELIOS, from Lockheed Martin to be permanently deployed onboard a flight IIA DDG Arleigh Burke destroyer in 2021. Additionally, laser-based weapons are being studied for their ability to disable drones by mounting such guns on military ships. For instance, the USS Portland tested a new high-energy laser weapon system in May 2020 and successfully damaged an unmanned aerial vehicle.
Expanding Use of Lasers for Optical Communication Supports High Energy Lasers Market Growth
In optical communication, light is the transmission medium. With the fact that light waves are more densely packed than sound waves, laser technology has benefits over radio technology. With laser fiber optics, a cable is made up of numerous fibers that are each wrapped in several laser beams. Each laser beam can transmit billions of data bits. As a result, laser technology has the great signal quality and can carry more data per second. The use of laser technology aids in the development of cost-effective, efficient communication networks with increased bandwidth and speed. Since light travels at a quicker rate than any other wave, laser technology is best utilized in vertical applications where air may act as a medium.
High Price of Regulation Compliance to Hamper High Energy Lasers Market Growth
These solutions still need to be developed and improved, and spending money on R&D greatly impacts how much they cost. Vendors who create these systems are subject to strict laws, and businesses that use them as part of their operations follow these regulations. The International Electrotechnical Commission (IEC) and the American National Standards Institute (ANSI) in the United States specify each laser class's meanings. It is expected that every business will prioritize safety requirements when using high-intensity lasers. The US Department of Defense (DoD) classifies these technologies under four different categories of weapon systems: lasers, high-power microwave (HPM), particle beams, and high-power sonic. Directed energy is a catch-all term the DoD uses to refer to technologies related to producing a beam of concentrated electromagnetic energy.
Fiber Laser to Dominate High Energy Lasers Market Owing to Growing Need for Faster Data Transmission
During the forecast period, the global high energy lasers market is anticipated to be dominated by fiber lasers. Since laser light is produced and transmitted by an inherently flexible media, fiber lasers have an advantage over other lasers because it is simpler to deliver the laser light to the target and focusing area. This is essential for laser welding, folding, and cutting metal and polymer. The high output power in comparison to other laser types is a bonus. Fiber lasers have active regions that can extend for several kilometers, enabling very high optical gain. The fiber can support kilowatt levels of continuous output power due to its high surface area to volume ratio, which enables efficient cooling.
With Rapidly Evolving Military Technology, Aerospace and Defense Sector to Dominate High Energy Lasers Market
During the forecast period, aerospace and defense are anticipated to hold the largest market share in the world for high-energy lasers. To counter airborne threats like missiles and drones, the navy highly sought-after laser weapon systems worldwide. The defense department is increasingly developing and introducing solutions to fight such risks because navy vassals are susceptible to missile strikes and other airborne threats. Lasers are being used as the first line of defense because they have proven effective against missiles. Armed forces worldwide are acquiring high-energy laser-based equipment and making significant investments in research and development due to increased defense expenditures and research grants.
Asia Pacific to Surge Ahead in High Energy Lasers Market as Military and Defense Spending Ascends
The Asia Pacific region is a leader in adopting high-energy lasers across numerous fields due to the market expansion fueled by significant nations like China, India, and Japan. High-energy lasers have become more prevalent in the military and defense systems of numerous nations in the region, including India, due to the US-China tensions, border disputes, and the focus on nuclear power. A national program on directed energy weapons, including high-powered lasers, would be formed, according to plans released by the Indian Defense Research and Development Organization. To produce high-power laser weapons, the DRDO is pursuing a budget of US$100 Mn from the Ministry of Defence for the fiscal year 2021–2022. The organization is also working on chemical oxygen–iodine lasers and high-power fiber lasers. Spending on high-energy lasers is anticipated to positively affect the nation's economic development. The market under study is anticipated to profit from technological breakthroughs achieved by China with government-funded investments in research and development, with an emphasis on controlling space in terms of military superiority.
North America to acquire a significant market share in the projected period. The US government's increased investment in the US army has helped to significantly advance laser technology. Traditional lasers are used in welding, cutting, and other military applications to deliver bursts of strong energy from a distance. In a pulse that lasts barely one trillionth of a second, the new petawatt-class devices, employed in military activities, deliver 1 million billion watts of energy in an almost unfathomably quick manner. The regional market expansion is also fueled by the rapid uptake of novel technologies, the rise in healthcare spending, and the presence of established healthcare infrastructure. According to the American Society of Plastic Surgeons' 2020 Plastic Surgery Statistics Report, 6.8 million reconstructive treatments and 15.6 million cosmetic procedures were carried out in the country in 2020. Lasers are used extensively during cosmetic and reconstructive treatment.
Global High Energy Lasers Market: Competitive Landscape
In September 2022, Precitec, a leader in laser cutting and welding manufacturing solutions, and TCI Cutting, a manufacturer of laser and waterjet cutting machines, have a long history of collaboration. TCI Cutting has collaborated with Precitec to produce fiber lasers cutting machines such as the Dynamicline Fiber 20kW with 4G maximum acceleration, carbon fiber bridge and linear motors, and the high-energy laser ProCutter 2.0 cutting head. In September 2022, Trumpf Inc. pioneered the biggest technological advances in automated arc welding, 3D laser welding, 3D laser marking, and additive manufacturing. Trumpf highlights the TruArc Weld 1000, an automated arc welding system with 3D laser technology that includes the TruLaser Station 7000 fiber. It also comes with a TruMarkStation 7000 laser marking system and a TruMark 6030 laser marking system for high-performance 3D laser marking.
A few of the players in the high energy lasers market include Beamtech Optronics, Laserline, IPG Photonics, Daheng Optics, REO, Coherent Dilas, MPB, EI EN Group, TRUMPF Pvt. Ltd., nLight Inc., BAE Systems Plc, Northrop Grumman Corporation, Moog Inc., Rheinmetall AG, Textron Inc., Lockheed Martin Corporation, Raytheon Company, L-3 Communications Holdings Inc., Qinetiq Group Plc., and The Boeing Company.
Regional Classification of Global High Energy Lasers Market Can be Given as Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global High Energy Lasers Market
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