WELLESLEY, Mass. The global market for directed-energy and military lasers -- which amounted to $6.6 billion in 2016 -- will reach $7.4 billion in 2017 and will grow to $12.3 billion in 2022, increasing at a compound annual growth rate (CAGR) of 10.7 percent over the 2017-2022 time frame, according to a market study from BCC Research.