Global Laser Technology Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
"Global Laser Technology Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which 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 2027. 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, revenue, application, end user, and region.
Laser is an acronym for light amplification by stimulated emission of radiation. Laser is a device that emits a beam of coherent light through an optical amplification process based on the stimulated emission of electromagnetic radiation. The major components of laser are gain medium capable of sustaining stimulated emission, energy source to pump the gain medium, total reflector to reflect energy, partial reflector, and laser beam output. The gain medium and resonator determine the wavelength of the laser beam and the power of the laser. Laser technology is used in surgical procedures, consumer products, and laser material processing such as cutting, engraving, drilling and marking a broad range of materials.
Increasing demand for laser technology in medical sector, owing to achieve accuracy and precision coupled with increasing incidence of surgical procedures, is a major factor expected to drive growth of the global laser technology market over the forecast period. In addition, rising demand for laser technology for material processing is another factor anticipated to fuel growth of the target market in the next coming years. Moreover, increasing production of nano and micro devices and rising demand for optical communications, are among some factors estimated to drive growth of the potential market over the forecast period.
However, stringent regulatory compliance and high cost solutions is a key factor which may hamper demand for laser technology and restrain growth of the target market over the forecast period. Increasing adoption of laser technology in various end user industry for quality check and growing R&D for cost-effective solutions, are among some factors expected to create a lucrative opportunity for growth of the global laser technology market over the forecast period.
On the basis of laser type, the carbon dioxide segment is expected to register for major revenue share in the target market in the next coming years. Among revenue, the system revenue segment is estimated to account for major share in terms of revenue in the target market over the forecast period. Among application, the laser processing segment is anticipated to account for highest share in terms of value in the target market over the forecast period. Among end user, the telecommunications segment is expected to hold major revenue share in the global laser technology market over the forecast period.
The laser technology market in the North America held major revenue share in the target market and is expected to maintain its dominance over the forecast period. This dominance can be attributed to increasing demand for the technology from various end users such as automotive, semiconductor & electronics, industrial, and telecommunications, is expected drive revenue growth of the target market over the forecast period. Asia Pacific laser technology market is anticipated to account for significant share in terms of revenue in the global laser technology market in coming years, followed by Europe.
Market Segmentation and Key Players Operating in the Global Laser Technology Market:
Segmentation on the Basis of Laser Type:
- Carbon Dioxide Laser
- Fiber Laser
- Solid State Laser
- Other Laser (X-ray Laser, Dye Laser, Argon Laser, Excimer Laser, Chemical Laser, and Helium-Neon Laser)
Segmentation on the Basis of Revenue:
- System Revenue
- Laser Revenue
Segmentation on the Basis of Application:
- Laser Processing
- Optical Communications
Segmentation on the Basis of End User:
- Aerospace & Defense
- Semiconductor & Electronics
- Others (Oil & Gas, Iron & Steel, Tobacco, Glass, Wood, Retail, and Plastic)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Coherent, Inc.
- IPG Photonics Corporation
- TRUMPF GmbH + Co. KG
- Lumentum Holdings Inc.
- Jenoptik AG
- Novanta Inc.
- LaserStar Technologies Corporation
- Epilog Corporation
- MKS Instruments
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