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ASIA PACIFIC LASER TECHNOLOGIES MARKET - DEFENCE, INDUSTRIAL, MEDICAL - MARKET FORECAST 2018-2026

ASIA PACIFIC LASER TECHNOLOGIES MARKET - DEFENCE, INDUSTRIAL, MEDICAL - MARKET FORECAST 2018-2026

  • January 2018
  • 82 pages
  • ID: 5292776
  • Format: PDF
  • By Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The Asia-Pacific Laser Technologies - defence, industrial, medical – market is slated to exhibit the most significant CAGR growth of 10.67% in the global market. Between the forecast years of 2018-2026, the revenue generated by the market is expected to rise from $1240 million to $3070 million.

MARKET INSIGHTS
Several opportunities in the untapped markets of developing countries in these regions and heavy investments for enhancement of laser technologies and improved applicability are the major reasons for the market growth. The China laser technologies market accounted for the highest revenue share in 2017. Over the years, the China market has made substantial development in these technologies.

For instance, in 2016, the soldiers and police officers of China were provided with PY132A laser guns against rogue and drones. In 2015, China developed a laser cannon that can shoot down low-flying drones from a distance of 1.2 miles. The Chinese engineers have also been successful to develop laser weapons to counter low-altitude, low-speed drones. The other significant market for this region is India, which is expected to exhibit a significant CAGR by 2026.

COMPETITIVE INSIGHTS
Rafael Advanced Defense Systems Ltd, Raytheon Company, Epilog Corporation, Spi Lasers Plc, Boeing Company, Bae Systems Plc, Schafer Corporation, Coherent Inc, Newport Corp, and Northrop Grumman Corporation are some of the established companies in this market.

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