Mary-Louise Hoffman
Research and Markets has projected the worldwide market for laser-based military systems to experience a compound annual growth rate of 7.97 percent over the next four years.
The research firm said Friday changes in arms trade law, warfare strategy and consumer choice of weapon size will be the major driving factors behind the projected market growth through 2019.
Examples of laser-equipped tactical devices are rangefinders, illuminators, directed energy weapons and infrared countermeasures.
Research and Markets says laser technology is also designed for military communication use and expects airborne mine detectors to be a major technology trend in the sector.
The report also profiled key industry players, including BAE Systems, Lockheed Martin, Northrop Grumman, Raytheon and Thales Group.
