Laser Defense Eyewear Market – Shares, Size, Future Demand, Business Prospects, Leading Players, Updates and Industry Analysis 2023
Global Laser Defense Eyewear Market by Application (Civil and Military), By & by Region – Global Forecast to 2023.
Pune, India – June 13, 2019 /MarketersMedia/ —
Laser rays can be damaging to the eyes, and laser defense eyewear is used to safeguard eyes from impairment. Market Research Future (MRFR) has identified the major macro and micro-economic factors stimulating the growth of the global laser defense eyewear market over the forecast period of 2017-2023 in a meticulously studied report. MRFR has projected that the laser defense eyewear market can reach USD 905.4 Mn at a CAGR of 4.70% during 2017-2023.
Laser defense eyewear is used across diverse industry verticals ranging from military, medical, research and education, to other industrial applications. The rise in a number of laser attacks amidst growing geopolitical tensions has prompted the governments in numerous countries to strengthen their defenses. This has resulted in a number of defense contracts for the development of counter laser technology. For instance, in August 2018, the US Air Force Research Lab (AFRL) granted a $49.1 million contract to UES Inc. for the development of anti-laser glasses and visors for pilots.
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The program will help to increase aircrew survivability to flash-blindness. Laser defense eyewear is used in military testing as well as in field operations to combat threats arising out of laser weapons. The growing use of laser weapons in warfare has induced high demand for laser defense eyewear to prevent injuries. Airline pilots are progressively using laser defense eyewear which is boosting the growth of the market. Many industries involve the emission of harmful rays which can cause damage to the eyes. In such processes, the use of laser defense eyewear help workers to safeguard their eyes from being damaged.
Technological progress in laser technology along with the development of stylish and comfortable laser defense eyewear is estimated to excite the growth of the market over the forecast period. However, laser defense eyewear is subject to tight regulations which can hinder the market growth over the forecast period.
Segmentation:
The global laser defense eyewear market has been segmented on the basis of application which comprises military and civil. The military segment has been further segmented into military forces, homeland security forces, and paramilitary forces. Application-wise, the military segment accounted for the maximum share of the market in 2016. The emergence of lethal weapons in warfare can have damaging implications for human health. They are capable of causing harm to the eyes and skin. This has increased the adoption of laser eyewear in defense.
Regional Analysis:
By region, the laser defense eyewear market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
North America holds the maximum share of the market and is expected to showcase exponential growth over the forecast period. The region boasts of armies with impenetrable defenses, especially the US which allocates massive amounts on its defense spending. North America is extensively engaged in rigorous R&D activities to accelerate the development of laser defense eyewear technologies. For instance, the Department of Defense issued a solicitation for R&D for the prototype of protective eyewear. Moreover, government support is also a factor key to market growth.
The APAC market is anticipated to expand at the fastest rate over the forecast period. Significant developments have been made in manufacturing high energy weapon by China and Japan which has reflected positively on the market growth. Moreover, the growing demand for laser weapons from the police force, armed troops, and law enforcement personnel is fueling the growth of the market.
Competitive Landscape:
NoIR LaserShields (U.S.), Gentex Corporation (U.S.), ST Laserstrike (U.S.), ESS (Eye Safety Systems, Inc.) (U.S.), Honeywell International (U.S.), Metamaterial Technologies Inc. (Canada), Revision Military (U.S.), Laser Safety Industries (U.S.), PerriQuest Defense Research Enterprises (U.S.) , and Phillips Safety Products Inc. (U.S.) are the prominent players in the global laser defense eyewear market.
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