Chemical Oxygen Iodine Laser Weapon Market to Reach $2.09 Billion by 2029

Published By DPRJ Universal | Published on Monday, 27 October 2025

The Chemical Oxygen Iodine Laser Weapon market is expected to grow from $1.27 billion in 2024 to $2.09 billion by 2029, with a CAGR of 10.4%. This growth is driven by increasing defense budgets, geopolitical tensions, and the need for strategic deterrence.

The Chemical Oxygen Iodine Laser Weapon market has seen significant growth due to increased defense budgets and geopolitical tensions. It is projected to reach $2.09 billion by 2029, with a compound annual growth rate (CAGR) of 10.4%. Key drivers include heightened security concerns and advancements in military modernization. Major players in this market include Boeing, Raytheon Technologies, and Lockheed Martin. The market is segmented by type, power output, application, and end-user. North America currently dominates the market.