Global Laser Defense Eyewear Market Research Report: By Application (Civil and Military), by End User (Paramilitary Forces and Armed Troops) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027
The global Laser Defense Eyewear Market is likely to garner USD 905.4 million with 4.70 % CAGR during the forecast period (2015-2023) owing to the increasing demand for laser defense eyewear for airline pilots, asserts Market Research Future (MRFR). Laser defense eyewear glasses are used to safeguard eyes from impairment which is affected by visible and invisible wavelengths of laser beams. Such eyewear is similar to goggles and contact lenses which are incorporated into protective eyewear and helps to filter out the uni-frequency laser rays that damage the eye.
Drivers and Restraints Impacting the Market
The global defense eyewear market is presumed to register high growth over the forecast period owing to the increasing demand for laser defense eyewear for airline pilots. With the rising threat of extremist attack and use of lethal weapons, the global market for laser defense eyewear is estimated to propel over the forecast period. Moreover, the emergence of stylish and comfortable laser defense eyewear, introduction of day and night use eyewear, and comfortable laser eyewear are estimated to contribute to the market growth. The market is also driven by the higher use of such eyewear in the industrial sector. Different harmful waves are emitted from the machines that cause damage to the eyes. Use of such laser eyewear helps the workers to protect their eyes from getting damaged.
On the flip side, high power laser weapons, strict regulatory mandates, and low-grade commercial laser defense eyewear are some of the major factors anticipated to retard the market growth in the coming years.
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Global Laser Defense Eyewear Market: Segmental Analysis
The global laser defense eyewear market has been segmented on the basis of application and region.
By mode of application, the global laser defense eyewear market has been segmented into military and civil. Among these, the military segment held the largest market share in 2016. Military comprises military forces, homeland security forces, and paramilitary forces. The advent of advanced laser weapons has resulted in the replacement of conventional guns and revolvers. Such laser weapons are lethal and are capable of damaging one’s skin and eyes. The growing number of laser attacks has resulted in the upgradation of defensive equipment. Moreover, the emergence of personal halting and stimulation response rifle and pulsed energy projectile for better battlefield tactics is likely to contribute to the market growth globally.
Geographically, the laser defense eyewear market span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, North America is estimated to dominate the global market. The U.S. government had launched the Military Combat Eye Protection program that authorizes and validates the use of laser eyewear devices for the military personnel. The Department of Defense, on behalf of the US Army Natick Soldier Research, Development and Engineering Center has issued a solicitation for R&D for the prototype of protective eyewear.
The Asia Pacific is estimated to be the fastest growing market owing to the significant development by Japan and China in manufacturing high energy weapon. The development of laser weapons for the police force, armed troops, and law enforcement personnel is likely to boost the market in this region.
October 1, 2018: Gentex and Teledyne Scientific will develop several sizes and variants of laser eye protection in order to protect aircrew against emerging laser attacks such as laser dazzlers and lasers intended to cause permanent eye injury or even blind aircrews.
The major players operating the global market are Laser Safety Industries (U.S.), Honeywell International (U.S.), ESS (Eye Safety Systems Inc. (U.S.), NoIR LaserShields (U.S.), Metamaterial Technologies Inc. (Canada), Revision Military (U.S.), ST Laserstrike (U.S.), Gentex Corporation (U.S.), PerriQuest Defence Research Enterprises (U.S.), and Phillips Safety Products Inc. (U.S.)
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1 Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Laser Defense Eyewear Market, By Application
1.1.2. Global Laser Defense Eyewear Market, By End User
1.1.3. Global Laser Defense Eyewear Market, By Region
2 Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3 Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
4 Market Insights
5 Market Dynamics
5.5. Market/Technological Trends
5.6. Patent Trends
5.7. Regulatory Landscape/Standards
6 Market Factor Analysis
6.1. Value Chain/Supply Chain Analysis
6.1.3. Distribution & Sales
6.1.4. Post-Sales Monitoring
6.2. Porter’s Five Forces Analysis
6.2.1. Threat Of New Entrants
6.2.2. Bargaining Power Of Buyers
6.2.3. Threat Of Substitutes
6.2.4. Intensity Of Rivalry
6.2.5. Bargaining Power Of Supplies
7 Global Laser Defense Eyewear Market, By Application
7.2.1. Market Estimates & Forecast, 2020-2027
7.2.2. Market Estimates & Forecast, By Region, 2020-2027
7.3.1. Market Estimates & Forecast, 2020-2027
7.3.2. Market Estimates & Forecast, By Region, 2020-2027
8 Global Laser Defense Eyewear Market, By End User
8.2. Paramilitary Forces
8.2.1. Market Estimates & Forecast, 2020-2027
8.2.2. Market Estimates & Forecast, By Region, 2020-2027
8.3. Armed Troops
8.3.1. Market Estimates & Forecast, 2020-2027
8.3.2. Market Estimates & Forecast, By Region, 2020-2027
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