Military Laser Systems Market to Reach USD 10,685.36 million by 2032, growing at a CAGR of 8.59%: Credence Research
Market Outlook
According to Credence Research the global Military Laser Systems Market is poised for significant growth, with its size projected to rise from USD 5,524.89 million in 2024 to USD 10,685.36 million by 2032, expanding at a CAGR of 8.59%. The market gains traction due to escalating geopolitical tensions, increased defense modernization efforts, and rising investments in directed energy weapons. Nations prioritize the integration of high-precision, non-lethal, and cost-effective laser-based systems for applications including missile defense, target designation, range finding, and UAV countermeasures.
Technological advancements in solid-state, fiber, and gas laser systems continue to enhance operational performance, range, and energy efficiency, supporting broader deployment across land, naval, and airborne platforms. The increasing adoption of laser systems for surveillance and communication in contested environments further contributes to market growth. Growing demand for lightweight, modular systems that can be integrated into existing platforms fuels innovation, reinforcing the strategic importance of military lasers in next-generation warfare strategies.
Key Growth Determinants
The surge in global defense spending, particularly in countries such as the U.S., China, and India, plays a pivotal role in driving the military laser systems market. These nations are focusing on upgrading their military capabilities with advanced technologies that offer precision, scalability, and minimal collateral damage. Laser-based systems offer a low cost per shot compared to traditional munitions, making them increasingly favorable in prolonged combat and deterrence strategies.
Rapid advancements in laser power output and beam control technologies have made it feasible to deploy laser systems in tactical and strategic roles. This includes directed energy weapons capable of neutralizing drones, missiles, and small boats with high accuracy. Defense agencies are investing in scalable and portable laser solutions that offer multi-mission capabilities, supporting their use across varied combat scenarios. Continuous R&D by private and public defense organizations enhances system reliability and integration flexibility.
The growing focus on counter-unmanned aerial system (C-UAS) solutions is another critical factor. With increasing threats from low-cost drones, especially in asymmetric warfare, militaries are adopting laser systems as a cost-effective and immediate-response solution. Their ability to disable electronics without explosive force makes them ideal for minimizing civilian and infrastructure damage in urban conflict zones. This shift toward directed energy-based deterrents continues to strengthen market expansion.
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Key Growth Barriers
Despite strong market momentum, high initial development and procurement costs pose a significant barrier to widespread adoption of military laser systems. The integration of advanced optics, cooling systems, and high-energy components makes these systems expensive to manufacture and maintain. Budget constraints in developing countries limit investment in such cutting-edge technologies, slowing global market penetration.
Technical challenges related to beam attenuation due to weather conditions, atmospheric distortion, and energy loss during transmission also hamper deployment. Laser systems often face limitations in range and effectiveness under adverse environmental conditions such as fog, rain, or dust, reducing operational reliability in real-world combat environments. Overcoming these technical barriers remains critical to broader system adoption.
Key Market Opportunities
The increasing demand for laser-based solutions in space-based defense and missile interception systems presents a significant opportunity. With renewed interest in space militarization, defense agencies are exploring directed energy systems for satellite protection, anti-ballistic missile defense, and high-altitude threat neutralization. These developments open up a new frontier for military laser applications beyond conventional terrestrial platforms.
Integration of AI and sensor fusion into laser systems offers enhanced targeting, tracking, and decision-making capabilities. These innovations can transform laser systems into intelligent, autonomous threat neutralizers that improve response time and accuracy in fast-paced battlefields. This convergence of technologies is expected to unlock new use cases and accelerate adoption across diverse military scenarios.
Regional Analysis
North America holds the largest share of the military laser systems market, driven by substantial investments from the U.S. Department of Defense in directed energy weapons. The U.S. leads global deployment of laser systems for applications such as UAV neutralization, missile defense, and anti-drone systems. Strong collaborations between government agencies and defense contractors such as Lockheed Martin and Raytheon Technologies bolster technological innovation and market growth.
The Asia Pacific region is projected to witness the fastest growth during the forecast period, fueled by rising defense expenditures in China, India, South Korea, and Japan. Regional military modernization initiatives and increasing cross-border tensions have accelerated demand for advanced laser systems. Meanwhile, Europe shows steady adoption, with NATO member states prioritizing next-generation defense technologies and enhancing their collective defense capabilities using non-kinetic, directed energy systems.
Credence Research's Competitive Landscape Analysis
The global military laser systems market features a moderately consolidated competitive landscape, with leading defense contractors including Lockheed Martin Corporation, Northrop Grumman, Raytheon Technologies, BAE Systems, and Thales Group dominating development. These firms invest heavily in R&D, form strategic alliances, and secure multi-year government contracts to maintain technological leadership. Emerging players and specialized firms also gain traction by offering niche capabilities in optics, beam control, and portable system integration, contributing to a dynamic and innovation-driven market environment.
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Segments –
By Platform
Ground-Based Airborne Naval Others
By Application
Weapon Systems Target Designation Range Finding Directed Energy Systems Others
By End-use
Defense Forces Homeland Security
By Technology
Solid-State Lasers Fiber Lasers Chemical Lasers CO₂ Lasers Others
By Output Power
Less than 50 kW 50–100 kW More than 100 kW
By Region
North America Europe Asia Pacific Latin America Middle East & Africa
Key Player Analysis
Lockheed Martin Corporation Rheinmetall AG Thales Group The Boeing Company Northrop Grumman Corporation L3Harris Technologies Inc. BAE System RTX Corporation Others
Recent Industry Developments
June 2025: Zen Technologies secured its 54th Indian and 82nd global patent for a laser-based military training system. The patented long-pass optical filter integrates visible and infrared lasers, enhancing simulator realism. This follows Zen's expansion into the UAV segment through TISA Aerospace.
May 2025: NUBURU announced the planned acquisition of TEKNE, a specialist in electronic warfare and cyber defense. The deal, pending approvals, aims to combine TEKNE's vehicle protection and jammer technologies with NUBURU's blue laser innovations to establish a new Defense & Security hub and boost revenue to USD 50 million.
March 2025: HII's Mission Technologies division won a U.S. Army contract to develop a High-Energy Laser (HEL) weapon system. The open-architecture prototype targets Groups 1–3 drones and supports both fixed-site and mobile defense with a focus on rapid deployment and scalability.
November 2024: Israel revealed plans to deploy the Iron Beam laser defense system within a year. Developed by Rafael and Elbit Systems, Iron Beam uses high-power lasers to neutralize missiles, drones, and rockets as a cost-effective complement to Iron Dome, though it faces weather-related limitations.
October 2024: Rafael Advanced Defense Systems announced it will showcase laser weapons, air defense, and precision strike systems at AUSA 2024. Featured technologies include the Iron Beam, SPIKE missile family, and the new ICEBREAKER cruise missile, reinforcing its U.S. defense partnerships.
June 2024: Leonardo DRS secured a full-rate production contract to supply its Quantum Cascade Laser (QCL) technology for the Common Infrared Countermeasure (CIRCM) systems. The fifth-generation laser enhances missile defense for U.S. Army rotary-wing aircraft.
May 2024: BlueHalo received a USD 95.4 million contract from the U.S. Army Space and Missile Defense Command (SMDC) to develop Directed Energy prototypes under the Laser Technology Research Development and Optimization (LARDO) program via the Aviation & Missile Technology Consortium (AMTC).
June 2023: RTX Corporation delivered its fourth combat-ready, palletized 10 KW laser weapon to the U.S. Air Force. Built to military specifications, the stand-alone system offers flexible deployment for base or mobile use.
Reasons to Purchase this Report:
Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion). Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region. Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years. Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning. Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions. Benefit from Porter's Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics. Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.
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[Transportation Equipment] MANUFACTURING AT A GLANCE July 2025 Index SeriesIndex Jul SeriesIndex Jun Percentage Point Change Direction Rate of Change Trend* (Months) Manufacturing PMI® 48.0 49.0 -1.0 Contracting Faster 5 New Orders 47.1 46.4 +0.7 Contracting Slower 6 Production 51.4 50.3 +1.1 Growing Faster 2 Employment 43.4 45.0 -1.6 Contracting Faster 6 Supplier Deliveries 49.3 54.2 -4.9 Faster From Slower 1 Inventories 48.9 49.2 -0.3 Contracting Faster 3 Customers' Inventories 45.7 46.7 -1.0 Too Low Faster 10 Prices 64.8 69.7 -4.9 Increasing Slower 10 Backlog of Orders 46.8 44.3 +2.5 Contracting Slower 34 New Export Orders 46.1 46.3 -0.2 Contracting Faster 5 Imports 47.6 47.4 +0.2 Contracting Slower 4 OVERALL ECONOMY Growing Slower 63 Manufacturing Sector Contracting Faster 5 Manufacturing ISM® Report On Business® data is seasonally adjusted for the New Orders, Production, Employment and Inventories indexes. *Number of months moving in current direction. COMMODITIES REPORTED UP/DOWN IN PRICE AND IN SHORT SUPPLY Commodities Up in PriceAluminum (20); Aluminum Products; Brass Products; Copper; Copper Products; Corrugated Boxes (5); Electrical Components (6); Electronic Components (6); Fabricated Metal Components; Freight; Polypropylene; Steel (6); Steel — Stainless (5); Steel Products (5); and Wire Products. Commodities Down in PriceCorn; Natural Gas; Ocean Freight; and Soybean Meal. Commodities in Short SupplyElectrical Components, Electronic Components (5); and Rare Earth Magnets. Note: The number of consecutive months the commodity is listed is indicated after each item. JULY 2025 MANUFACTURING INDEX SUMMARIES Manufacturing PMI® The U.S. manufacturing sector contracted in July for the fifth consecutive month after two months of expansion preceded by 26 months of contraction. 'The Manufacturing PMI® registered 48 percent, 1 percentage point lower compared to the 49 percent reported in June. Of the five subindexes that directly factor into the Manufacturing PMI®, only one (Production) is in expansion territory, down from two in June. The slowing of supplier deliveries in previous months reversed course, with a 4.9-percentage point index decrease indicating a drawdown of manufacturing inventories and easing port congestion. The Employment Index decreased and it remained with New Orders in contraction territory. None of the six biggest manufacturing industries registered growth in July,' says Spence. A reading above 50 percent indicates that the manufacturing sector is generally expanding; below 50 percent indicates that it is generally contracting. A Manufacturing PMI® above 42.3 percent, over a period of time, generally indicates an expansion of the overall economy. Therefore, the July Manufacturing PMI® indicates the overall economy grew for the 63rd straight month after contracting in April 2020. 'The past relationship between the Manufacturing PMI® and the overall economy indicates that the July reading (48 percent) corresponds to a change of plus-1.6 percent in real gross domestic product (GDP) on an annualized basis,' says Spence. THE LAST 12 MONTHS Month Manufacturing PMI® Month Manufacturing PMI® Jul 2025 48.0 Jan 2025 50.9 Jun 2025 49.0 Dec 2024 49.2 May 2025 48.5 Nov 2024 48.4 Apr 2025 48.7 Oct 2024 46.9 Mar 2025 49.0 Sep 2024 47.5 Feb 2025 50.3 Aug 2024 47.5 Average for 12 months – 48.7 High – 50.9 Low – 46.9 New OrdersISM®'s New Orders Index contracted in July for the sixth consecutive month after three consecutive months of expansion, registering 47.1 percent, an increase of 0.7 percentage point compared to June's figure of 46.4 percent. This reading is below the 12-month moving average (48.3 percent) for the New Orders Index, which hasn't indicated consistent growth since a 24-month streak of expansion ended in May 2022. 'Of the six largest manufacturing sectors, none reported increased new orders. Panelists noted continued weak demand, with a 1-to-1.4 ratio of positive comments to those expressing concern about near-term demand. Overall, new orders continue to slow amid tariff uncertainty; which party will pay tariff costs is still the prime issue in negotiations between buyers and sellers,' says Spence. A New Orders Index above 52.1 percent, over time, is generally consistent with an increase in the Census Bureau's series on manufacturing orders (in constant 2000 dollars). The four manufacturing industries that reported growth in new orders in July are: Apparel, Leather & Allied Products; Plastics & Rubber Products; Primary Metals; and Miscellaneous Manufacturing. The eight industries reporting a decline in new orders in June, in order, are: Paper Products; Wood Products; Petroleum & Coal Products; Nonmetallic Mineral Products; Fabricated Metal Products; Machinery; Chemical Products; and Computer & Electronic Products. Six industries reported no change in new orders in July. New Orders %Higher %Same %Lower Net Index Jul 2025 18.8 55.3 25.9 -7.1 47.1 Jun 2025 20.5 52.2 27.3 -6.8 46.4 May 2025 25.0 48.1 26.9 -1.9 47.6 Apr 2025 28.1 45.2 26.7 +1.4 47.2 ProductionThe Production Index continued in expansion territory for the second consecutive month in July, registering 51.4 percent, 1.1 percentage points higher than the June reading of 50.3 percent. Prior to the readings of expansion in January and February, the index was in contraction territory for eight consecutive months, with the previous reading above 50 percent in April 2024 (50.7 percent). Of the six largest manufacturing sectors, two (Petroleum & Coal Products; and Transportation Equipment) reported increased production. 'Production levels in July, while improved, remain fragile amid continuing softness in new orders. Panelists had a 1-to-1.2 ratio of positive to negative comments regarding output,' says Spence. An index above 52.1 percent, over time, is generally consistent with an increase in the Federal Reserve Board's Industrial Production figures. The seven industries reporting growth in production during the month of July — in the following order — are: Apparel, Leather & Allied Products; Textile Mills; Petroleum & Coal Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Miscellaneous Manufacturing; and Transportation Equipment. The six industries reporting a decrease in production in July, in order, are: Paper Products; Machinery; Fabricated Metal Products; Primary Metals; Electrical Equipment, Appliances & Components; and Chemical Products. Production %Higher %Same %Lower Net Index Jul 2025 20.1 60.7 19.2 +0.9 51.4 Jun 2025 20.7 60.6 18.7 +2.0 50.3 May 2025 19.1 56.3 24.6 -5.5 45.4 Apr 2025 19.8 56.0 24.2 -4.4 44.0 EmploymentISM®'s Employment Index registered 43.4 percent in July, 1.6 percentage points lower than June's reading of 45 percent. 'The index posted its sixth consecutive month of contraction after expanding in January, with seven straight months of contraction before that. Since May 2022, the Employment Index has contracted in 32 of 39 months. Of the six big manufacturing sectors, none reported expanded employment in July. For every comment on hiring, there were two on reducing head counts — a fairly wide ratio, historically speaking — reflecting companies' continuing focus on accelerating staff reductions due to uncertain near- to mid-term demand. Layoffs were the primary measure, an indication that staff shrinking continues to be urgent,' says Spence. An Employment Index above 50.3 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) data on manufacturing employment. Of the 18 manufacturing industries, three reported employment growth in July: Nonmetallic Mineral Products; Miscellaneous Manufacturing; and Plastics & Rubber Products. The 11 industries reporting a decrease in employment in July, in the following order, are: Textile Mills; Printing & Related Support Activities; Paper Products; Primary Metals; Fabricated Metal Products; Computer & Electronic Products; Machinery; Food, Beverage & Tobacco Products; Electrical Equipment, Appliances & Components; Chemical Products; and Transportation Equipment. Employment %Higher %Same %Lower Net Index Jul 2025 12.6 62.4 25.0 -12.4 43.4 Jun 2025 10.4 72.1 17.5 -7.1 45.0 May 2025 14.1 68.2 17.7 -3.6 46.8 Apr 2025 13.1 70.7 16.2 -3.1 46.5 Supplier Deliveries†Delivery performance of suppliers to manufacturing organizations was faster in July after seven months of slowing, with the Supplier Deliveries Index registering 49.3 percent, a 4.9-percentage point decrease compared to the reading of 54.2 percent reported in June. Of the six big industries, two (Food, Beverage & Tobacco Products; and Computer & Electronic Products) reported slower supplier deliveries in July. 'The findings in July suggest that supply chain performance is improving as demand is slipping downward,' says Spence. A reading below 50 percent indicates faster deliveries, while a reading above 50 percent indicates slower deliveries. The nine manufacturing industries reporting slower supplier deliveries in July — in the following order — are: Nonmetallic Mineral Products; Furniture & Related Products; Paper Products; Plastics & Rubber Products; Primary Metals; Electrical Equipment, Appliances & Components; Food, Beverage & Tobacco Products; Computer & Electronic Products; and Fabricated Metal Products. The four industries reporting faster supplier deliveries in July are: Miscellaneous Manufacturing; Transportation Equipment; Chemical Products; and Machinery. Supplier Deliveries %Slower %Same %Faster Net Index Jul 2025 8.7 81.1 10.2 -1.5 49.3 Jun 2025 14.7 79.0 6.3 +8.4 54.2 May 2025 19.1 73.9 7.0 +12.1 56.1 Apr 2025 16.6 77.2 6.2 +10.4 55.2 InventoriesThe Inventories Index registered 48.9 percent in July, down 0.3 percentage point compared to the reading of 49.2 percent in June. 'Of the six big industries, only one (Food, Beverage & Tobacco Products) expanded in July,' says Spence. An Inventories Index greater than 44.5 percent, over time, is generally consistent with expansion in the Bureau of Economic Analysis (BEA) figures on overall manufacturing inventories (in chained 2000 dollars). Of 18 manufacturing industries, the 10 reporting higher inventories in July — listed in order — are: Apparel, Leather & Allied Products; Textile Mills; Paper Products; Nonmetallic Mineral Products; Primary Metals; Plastics & Rubber Products; Miscellaneous Manufacturing; Fabricated Metal Products; Electrical Equipment, Appliances & Components; and Food, Beverage & Tobacco Products. The five industries reporting lower inventories in July are: Wood Products; Chemical Products; Computer & Electronic Products; Transportation Equipment; and Machinery. Inventories %Higher %Same %Lower Net Index Jul 2025 15.2 67.2 17.6 -2.4 48.9 Jun 2025 15.6 64.9 19.5 -3.9 49.2 May 2025 15.6 63.2 21.2 -5.6 46.7 Apr 2025 20.8 59.2 20.0 +0.8 50.8 Customers' Inventories†ISM®'s Customers' Inventories Index registered a reading of 45.7 percent in July, a decrease of 1 percentage point compared to the reading of 46.7 percent in June. 'Customers' inventory levels in July continued to contract and took a step away from 'about right' territory,' says Spence. (For more information about the Customers' Inventories Index, see the 'Data and Method of Presentation' section below.) The three industries reporting customers' inventories as too high in July are: Wood Products; Miscellaneous Manufacturing; and Transportation Equipment. The 11 industries reporting customers' inventories as too low in July, in order, are: Textile Mills; Printing & Related Support Activities; Primary Metals; Nonmetallic Mineral Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Paper Products; Furniture & Related Products; Chemical Products; Food, Beverage & Tobacco Products; and Machinery. Customers' Inventories % Reporting %Too High %About Right %TooLow Net Index Jul 2025 71 10.5 70.3 19.2 -8.7 45.7 Jun 2025 72 14.1 65.2 20.7 -6.6 46.7 May 2025 69 9.9 69.2 20.9 -11.0 44.5 Apr 2025 76 11.1 70.2 18.7 -7.6 46.2 Prices†The ISM® Prices Index registered 64.8 percent in July, decreasing 4.9 percentage points compared to the June reading of 69.7 percent, indicating raw materials prices increased for the 10th straight month (at a slower rate) after a decrease in September. The Prices Index has increased 9.9 percentage points over the past six months. In the last five months, the index reached its highest levels since June 2022, when it registered 78.5 percent. All of the six largest manufacturing industries — Machinery; Chemical Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; Petroleum & Coal Products; and Transportation Equipment, in that order — reported price increases in July. 'The Prices Index reading continues to be driven by increases in steel and aluminum prices that impact the entire value chain, as well as tariffs applied to many imported goods. Higher prices were reported by 35.4 percent of respondents in July, down substantially from 45.6 percent in June. The share of respondents reporting higher prices had consistently increased from November 2024 (12.2 percent) to April (49.2 percent), which was the highest level since June 2022 (65.2 percent),' says Spence. A Prices Index above 52.8 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) Producer Price Index for Intermediate Materials. In July, the 16 industries that reported paying increased prices for raw materials, in order, are: Nonmetallic Mineral Products; Textile Mills; Furniture & Related Products; Primary Metals; Plastics & Rubber Products; Machinery; Wood Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Miscellaneous Manufacturing; Chemical Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; Petroleum & Coal Products; Paper Products; and Transportation Equipment. No industries reported paying decreased prices for raw materials in July. Prices %Higher %Same %Lower Net Index Jul 2025 35.4 58.8 5.8 +29.6 64.8 Jun 2025 45.6 48.1 6.3 +39.3 69.7 May 2025 45.1 48.5 6.4 +38.7 69.4 Apr 2025 49.2 41.1 9.7 +39.5 69.8 Backlog of Orders†ISM®'s Backlog of Orders Index registered 46.8 percent, an increase of 2.5 percentage points compared to the June reading of 44.3 percent, indicating order backlogs contracted for the 34th consecutive month after a 27-month period of expansion that ended September 2022. Of the six largest manufacturing industries, only Food, Beverage & Tobacco Products reported expansion in order backlogs in July. 'Continued contraction in both the New Orders and Backlog of Orders indexes means that trade issues and other geopolitical tensions are still at play. Significant improvement shouldn't be expected until those issues begin to recede,' says Spence. Of the 18 manufacturing industries, the three that reported growth in order backlogs in July are: Furniture & Related Products; Food, Beverage & Tobacco Products; and Electrical Equipment, Appliances & Components. The eight industries reporting lower backlogs in July — in the following order — are: Paper Products; Nonmetallic Mineral Products; Plastics & Rubber Products; Wood Products; Machinery; Computer & Electronic Products; Fabricated Metal Products; and Chemical Products. Seven industries reported no change in order backlogs. Backlog of Orders % Reporting %Higher %Same %Lower Net Index Jul 2025 89 18.3 56.9 24.8 -6.5 46.8 Jun 2025 91 14.9 58.7 26.4 -11.5 44.3 May 2025 92 15.8 62.6 21.6 -5.8 47.1 Apr 2025 92 15.1 57.2 27.7 -12.6 43.7 New Export Orders†ISM®'s New Export Orders Index contracted in July, registering 46.1 percent, down 0.2 percentage point from June's reading of 46.3 percent. 'Export orders contracted for the fifth consecutive month after growing in January and February. This brief period of expansion followed an 'unchanged' status (a reading of 50 percent), preceded by six straight months of contraction. The continued contraction of new export orders could be indicative of ongoing trade friction and dampened demand,' says Spence. Of the 18 manufacturing industries, the only industry reporting growth in new export orders in July is Furniture & Related Products. The eight industries reporting a decrease in new export orders in July — in the following order — are: Paper Products; Primary Metals; Plastics & Rubber Products; Fabricated Metal Products; Electrical Equipment, Appliances & Components; Chemical Products; Miscellaneous Manufacturing; and Machinery. Eight industries reported no change in new export orders in July. New Export Orders % Reporting %Higher %Same %Lower Net Index Jul 2025 71 7.5 77.2 15.3 -7.8 46.1 Jun 2025 75 12.1 68.3 19.6 -7.5 46.3 May 2025 73 11.8 56.5 31.7 -19.9 40.1 Apr 2025 74 8.7 68.8 22.5 -13.8 43.1 Imports†ISM®'s Imports Index remained in contraction for the fourth month in July after expanding for three straight months. The July figure of 47.6 percent is an increase of 0.2 percentage point over the reading of 47.4 percent in June. 'Imports are contracting, though at a slower rate. The need to maintain import levels from previous months is lower, due in large part to slackening demand and tariff pricing,' says Spence. The five industries reporting an increase in import volumes in July are: Textile Mills; Food, Beverage & Tobacco Products; Plastics & Rubber Products; Miscellaneous Manufacturing; and Fabricated Metal Products. The six industries that reported lower volumes of imports in July — in the following order — are: Wood Products; Petroleum & Coal Products; Paper Products; Computer & Electronic Products; Chemical Products; and Machinery. Seven industries reported no change in imports in July. Imports % Reporting %Higher %Same %Lower Net Index Jul 2025 86 13.3 68.5 18.2 -4.9 47.6 Jun 2025 86 15.3 64.2 20.5 -5.2 47.4 May 2025 85 13.2 53.3 33.5 -20.3 39.9 Apr 2025 82 15.4 63.4 21.2 -5.8 47.1 †The Supplier Deliveries, Customers' Inventories, Prices, Backlog of Orders, New Export Orders, and Imports indexes do not meet the accepted criteria for seasonal adjustments. Buying PolicyThe average commitment lead time for Capital Expenditures in July was 173 days, a decrease of two days compared to June. The average lead time in July for Production Materials was 85 days, the same as in June. The average lead time for Maintenance, Repair and Operating (MRO) Supplies was 44 days, a decrease of four days compared to June. Percent Reporting Capital Expenditures Hand-to- Mouth 30 Days 60 Days 90 Days 6 Months 1 Year+ Average Days Jul 2025 16 4 10 15 26 29 173 Jun 2025 17 3 9 13 29 29 175 May 2025 18 2 9 14 30 27 171 Apr 2025 16 4 11 14 28 27 169 Percent Reporting Production Materials Hand-to- Mouth 30 Days 60 Days 90 Days 6 Months 1 Year+ Average Days Jul 2025 9 28 22 26 8 7 85 Jun 2025 9 22 28 26 9 6 85 May 2025 8 24 30 24 9 5 81 Apr 2025 10 24 25 26 9 6 84 Percent Reporting MRO Supplies Hand-to- Mouth 30 Days 60 Days 90 Days 6 Months 1 Year+ Average Days Jul 2025 31 35 17 12 4 1 44 Jun 2025 32 33 17 11 5 2 48 May 2025 31 35 16 10 7 1 47 Apr 2025 31 33 18 12 5 1 46 About This ReportDO NOT CONFUSE THIS NATIONAL REPORT with the various regional purchasing reports released across the country. The national report's information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. Also, the information in the regional reports is not used in calculating the results of the national report. The information compiled in this report is for the month of July 2025. The data presented herein is obtained from a survey of manufacturing supply executives based on information they have collected within their respective organizations. ISM® makes no representation, other than that stated within this release, regarding the individual company data collection procedures. The data should be compared to all other economic data sources when used in decision-making. Data and Method of PresentationThe Manufacturing ISM® Report On Business® is based on data compiled from purchasing and supply executives nationwide. The composition of the Manufacturing Business Survey Committee is stratified according to the North American Industry Classification System (NAICS) and each of the following NAICS-based industries' contribution to gross domestic product (GDP): Food, Beverage & Tobacco Products; Textile Mills; Apparel, Leather & Allied Products; Wood Products; Paper Products; Printing & Related Support Activities; Petroleum & Coal Products; Chemical Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Primary Metals; Fabricated Metal Products; Machinery; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Furniture & Related Products; and Miscellaneous Manufacturing (products such as medical equipment and supplies, jewelry, sporting goods, toys and office supplies). The data is weighted based on each industry's contribution to GDP. According to BEA estimates (the average of the fourth quarter 2023 GDP estimate and the GDP estimates for first, second, and third quarter 2024, as released on December 19, 2024), the six largest manufacturing industries are: Chemical Products; Transportation Equipment; Computer & Electronic Products; Food, Beverage & Tobacco Products; Machinery; and Petroleum & Coal Products. Survey responses reflect the change, if any, in the current month compared to the previous month. For nine indicators (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Employment, and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction (higher, better and slower for Supplier Deliveries) and the negative economic direction (lower, worse and faster for Supplier Deliveries), and the diffusion index. For Customers' Inventories, respondents report their assessment of their customers' stock levels of respondent companies' products this month (rather than last month): too high, about right, and too low. Responses are raw data and are never changed. The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive). The resulting single index number for those meeting the criteria for seasonal adjustments (Manufacturing PMI®, New Orders, Production, Employment and Inventories) is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The Manufacturing PMI® is a composite index based on the diffusion indexes of five of the indexes with equal weights: New Orders (seasonally adjusted), Production (seasonally adjusted), Employment (seasonally adjusted), Supplier Deliveries, and Inventories (seasonally adjusted). Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. A Manufacturing PMI® reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining. A Manufacturing PMI® above 42.3 percent, over a period of time, indicates that the overall economy, or gross domestic product (GDP), is generally expanding; below 42.3 percent, it is generally declining. The distance from 50 percent or 42.3 percent is indicative of the extent of the expansion or decline. With some of the indicators within this report, ISM® has indicated the departure point between expansion and decline of comparable government series, as determined by regression analysis. For the Customers' Inventories Index, numerically, a reading: above 50 percent is 'too high,' equal to 50 percent is 'about right,' and below 50 percent is 'too low.' However, in practice and in the context of other data, customers' inventories may be considered to be 'about right' if the diffusion index is between 52 percent (the high side of about right) and 48 percent (the low side of about right). The Manufacturing ISM® Report On Business® survey is sent out to Manufacturing Business Survey Committee respondents the first part of each month. Respondents are asked to report on information for the current month for U.S. operations only. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to give the most accurate picture of current business activity. ISM® then compiles the report for release on the first business day of the following month. The industries reporting growth, as indicated in the Manufacturing ISM® Report On Business® monthly report, are listed in the order of most growth to least growth. For the industries reporting contraction or decreases, those are listed in the order of the highest level of contraction/decrease to the least level of contraction/decrease. Responses to Buying Policy reflect the percent reporting the current month's lead time, the approximate weighted number of days ahead for which commitments are made for Capital Expenditures; Production Materials; and Maintenance, Repair and Operating (MRO) Supplies, expressed as hand-to-mouth (five days), 30 days, 60 days, 90 days, six months (180 days), a year or more (360 days), and the weighted average number of days. These responses are raw data, never revised, and not seasonally adjusted. ISM ROB ContentThe Institute for Supply Management® ('ISM') Report On Business® (both Manufacturing and Non-Manufacturing) ('ISM ROB') contains information, text, files, images, video, sounds, musical works, works of authorship, applications, and any other materials or content (collectively, 'Content') of ISM ('ISM ROB Content'). ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. 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Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 309 West Elliot Road, Suite 113, Tempe, Arizona 85284-1556, or by emailing kcahill@ Subject: Content Request. ISM shall not have any liability, duty, or obligation for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken in reliance thereon. In no event shall ISM be liable for any special, incidental, or consequential damages arising out of the use of the ISM ROB. Report On Business®, PMI®, Manufacturing PMI®, Services PMI®, Hospital PMI®, and NMI® are registered trademarks of Institute for Supply Management®. Institute for Supply Management® and ISM® are registered trademarks of Institute for Supply Management, Inc. About Institute for Supply Management® (ISM®) Institute for Supply Management® (ISM®) is the first and leading not-for-profit professional supply management organization worldwide. Its community of more than 50,000 in more than 100 countries around the world manage about US$1 trillion in corporate and government supply chain procurement annually. Founded in 1915 by practitioners, ISM is committed to advancing the strategy and practice of integrated, end-to-end supply chain management through leading edge data-driven resources, community, and education to empower individuals, create organizational value and to drive competitive advantage. ISM's vision is to foster a prosperous, sustainable world. ISM empowers and leads the profession through the ISM® Report On Business®, its highly regarded certification and training programs, corporate services, events and assessments. The ISM® Report On Business®, Manufacturing, Services, and Hospital are three of the most reliable economic indicators available, providing guidance to supply management professionals, economists, analysts, and government and business leaders. For more information, please visit: The full text version of the Manufacturing ISM® Report On Business® is posted on ISM®'s website at on the first business day* of every month after 10:00 a.m. ET. The one exception is in January when the report is released on the second business day of the month. The next Manufacturing ISM® Report On Business® featuring August 2025 data will be released at 10:00 a.m. ET on Tuesday, September 2, 2025. *Unless the New York Stock Exchange is closed. Contact: Kristina Cahill Report On Business® Analyst ISM®, ROB/Research Manager Tempe, Arizona +1 480.455.5910 Email: kcahill@
