Global Laser Technology Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx Billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 5.1% during the forecast period, i.e. 2017-2025. The laser devices utilize light to store, transfer, or print images. It is used in a wide range of applications, such as surgery and weaponry.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global laser technology market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global laser technology market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
Laser Technology Market was valued USD 12,384.0 million in the year 2017, and is growing at rate of 4.40% during the forecast period. Factor driving the market growth are increasing demand from healthcare vertical, shift toward production of Nano and micro devices, and enhanced performance of lasers over traditional material processing techniques.
In order to stay competitive, key players operating in the laser technology market are adopting numerous strategies such as product launch, product development, business expansion, collaboration, partnership, agreement, and acquisition to strengthen their market shares and strengthen their geographical presence, globally.
For instance, October 2018, Trumpf has launched a product named TruLaser Cell 7040. TruLaser Cell 7040 is a 3D laser system that can be utilized for cutting and welding application in 2D or 3D. This product launch has reinforced company’s product portfolio.
In May 2018, Coherent has acquired O.R. Lasertechnologie. O.R. Lasertechnologie is a German laser technology manufacturer. This acquisition has reinforced company’s laser technology product portfolio.
In December 2017, IPG Photonics has acquired Laser Depth Dynamics. Laser Depth Dynamics is headquartered in Canada. It is provider of laser technology solutions. This acquisition has strengthened its geographical presence as well its laser product portfolio for welding applications.
By Type Insights: On the basis of type, the laser technology market is bifurcated into carbon dioxide laser, fiber laser, and solid-state laser. Carbon dioxide laser is anticipated to hold largest share as compared to other types. Owing to its considerably compact sized for a sealed laser, suitability for a range of wavelengths, and utility in laser cutting, welding, structuring, perforating, drilling, and laser marking applications. A Carbon dioxide laser is a continuous wave laser of high power, which has a broad range of commercial, industrial, and military applications.
By Application Analysis: On the basis of application, the laser technology market is bifurcated into laser processing and optical communications. Laser processing is expected to gain dominating share in application segment. The laser processing, is leading due to its ability to offer superior quality and dependability and more precise output than standard mechanical methods. It is `used for applications such as materials processing, micro processing, as well as advanced processing.
By End-User Insights: On the basis of end-user, the market is classified into telecommunications, industrial, semiconductor & electronics, commercial, aerospace & defence, automotive, medical, and research. Telecommunications is expected to have dominating share as compared to other end-users. The leading position of this end-user, is due to its ability to allow faster and secure data transmission. Laser communications not only offers high data transfer rates with low power consumption but is also a highly secure medium for data transmission.
On the basis of region, the laser technology market is analysed across North America, Europe, Asia-Pacific, and LAMEA. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia-Pacific is anticipated to grow at a fastest growth rate during the analysis period. Increasing demand for cost-effective as well as fast processing laser machine tools from several industries such as semiconductor, automotive, industrial, and telecommunications verticals are expected to propel the growth of Asia-Pacific laser technology market. Asia-Pacific has leading in terms of adoption of laser technology products and solutions compared to other regions. The region’s rising population, increasing research and development (R&D) investments, and growing manufacturing and electronics sectors are some of the factors anticipated to drive the laser technology market growth during the forecast period.
Global Laser Technology Market Size, Share Analysis By Region 2017
Global Laser Technology Market Study Objective
1. To forecast the market size of laser technology market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of laser technology market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have major impact on the growth of laser technology market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of laser technology market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the laser technology market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key players Landscape
Key players of Global Laser Technology Market are Coherent, IPG Photonics, Trumpf, Lumentum, Jenoptik, Novanta, Lumibird, MKS Instruments, Epilog Laser, and Laserstar. The other players in the value chain of the market comprises 600 Group, Han's Laser Technology, EuRoLAser, Bystronic Laser, Toptica Photonics, Photonics Industries, Focuslight Technologies, Corning Incorporated, Access Laser, and Prima Industrie.
Global Laser Technology Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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