The novel COVID-19 pandemic has primarily stopped operations across a host of industries. Several countries are compelled to announce either complete or partial lockdowns, which in turn are expected to majorly affect the operations of participants operating in the laser designator market.
The global Laser Designator Market is estimated to reach value of US$ 5 Bn by 2030, expanding at a CAGR of 4.8% during the forecast period.
Major Players In the market are L3 Technologies, Leonardo, Northrop Grumman, Thales, Elbit Systems, FLIR Systems, General Atomics, UTC Aerospace System, Gooch & Housego and RPMC Lasers.
Countries in Asia, such as China, Japan and India, are focusing more on the indigenous development through increased expenditure on military and defense. Production of new and advanced defense aircraft and military equipment is expected to fuel the adoption of laser designators during the forecast period.
Aug 2020- L3Harris Technologies is on track to begin building the U.S. Air Force’s first Navigation Technology Satellite-3 (NTS-3) after completing the program’s critical design review. L3Harris will integrate the program’s experimental payload with an ESPAStar Platform, planned for launch in 2022. The system is designed to augment space-based position, navigation and timing capabilities for warfighters. The NTS-3 payload features a modular design and can adapt to support various mission needs. The experiment will demonstrate capabilities that can be accomplished through a stand-alone satellite constellation or as a hosted payload.
Nov 2020- Leonardo will take part in the Biennale Tecnologia, a virtual show organised by Politecnico di Torino (12-15 November 2020), through an event dedicated to drones and to the projects and technologies developed by the company in the field of remotely-piloted aircraft. At the event starring Leonardo, entitled “Intelligenza artificiale e droni per i cittadini di domani” (Artificial intelligence and drones for the citizens of tomorrow) which was streamed live on Friday, 13 November at 14:00, a number of representatives of the company’s Unmanned Systems unit will describe in detail the initiatives being carried out in the fields of advanced air mobility and sustainability.
In March 2020, General Atomics acquired Neva Ridge Technologies focusing on the latter’s vast expertise to deliver innovations in the SAR technology. This acquisition would allow the company to advance its products, expand infrastructure, and provide enhanced solutions to its government and commercial customers.
Market segmentation of Laser Designator Market Types classified as Ground-based Laser Designator and Air-borne Laser Designator. By Application it is Military and Defense and Homeland Security. The worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, etc.) and Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa). The military laser systems market is growing in the Middle East, as it could enhance force protection against small boat swarms, unmanned aerial vehicles or rocket, artillery, mortar or missile attack. This has helped the Middle Eastern region become the fastest-growing region in the market during the forecast period.
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