Overview:
The laser technology relies on the storing of light that can be used to transfer, or print images and text. But its application has a wider range and it brings in surgery and weaponry under its purview. The global laser technology market is leveraging this multifarious benefit and is expecting a rise by 6% CAGR to USD 18 billion during the forecast period (2017-2023). Market Research Future (MRFR) in a much-detailed report, recently revealed possibilities that the Laser Technology Market could achieve and probabilities that the market could enjoy in the foreseeable future.
The global laser technology market has huge application in the defence and security segments. Various countries are developing weapons and various surveillance technologies to back the integration of laser technology market in these sectors.
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Key Players:
Some of the prominent players in the global laser technology market Coherent, Inc. (U.S.), Corning Incorporated (U.S.), IPG Photonics Corp. (U.S.), Micron Laser Technology (U.S.), Trumpf Group (Germany), Laser Technology, Inc. (U.S.), Lumentum Holdings Inc. (U.S.), Haas Laser Technologies Inc. (U.S.), Jeanoptik AG (Germany), Novanta Inc. (U.S.), Quantel Group (U.K), LasaerStar Technologies Corp. (U.S.), ALT Advanced Lazer Technologies (U.K), Applied Laser Technology, Inc. (U.S.), Epilog Laser (U.S.), NeoPhotonics Corporation (U.S.), Han's Laser Technology Co., Ltd (China), MKS Instruments (U.S.), among others.
Laser Technology Global Market - Regional Analysis
The Americas, Europe, Asia Pacific (APAC), and Rest of World (RoW) are regions mentioned in the geographical analysis of the laser technology market of MRFR. The demographic segmentation is an attempt to understand market dynamics.
North America has the lead that is getting tractions from its high incorporation in several industries. The industry is having a great run in the regional market due to its application in research facilities and the defence sector. The US and Canada are showing extensive support for the technology. Its healthcare sector is also working proficiently to pave the way for greater laser technology incorporation.
Europe is the second highest grossing market. Due to the presence of advanced research facilities, the region is making substantial progress. The APAC market is gaining benefits from contributions heaped by India, China, and Japan. Japan’s advanced technological system is providing high growth opportunity for the market. China is using the technology substantially to improve their manufacturing facility and heighten their defence support.
Laser Technology Global Market - Segmentation
The global laser technology market, on the basis of MRFR report, can be segmented into type, application, and verticals. The segmentation focuses on factors and figures that are having substantial influence on the global market.
Based on the type, the laser technology market includes solid laser, liquid laser, gas laser and others.
Based on applications, the laser technology market comprises laser processing, laser gyroscopes, laser rangefinders, laser headlights, laser printers, laser security systems, laser scanners, optical communication, and others. The last printer segment is gathering strong momentum as its inclusion in providing better quality prints has become quite popular among industries. Its printing accuracy and speed are quite commendable. The laser security systems segment is also achieving prominence in several defence facilities. The laser processing segment includes macro processing, micro processing, advanced processing, and others.
Based on the end-users segment, the laser technology market incorporates IT & telecommunication, healthcare, automotive, aerospace & defense, and others. The aerospace & defence segment has substantial taker due to the growing investment in the defence budget.
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TABLE OF CONTENTS
LIST OF FIGURES
FIGURE 1 Global Laser Technology Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Laser Technology Market
FIGURE 4 Value Chain Of Global Laser Technology Market
FIGURE 5 Share Of Global Laser Technology Market In 2017, By Country (In %)
FIGURE 6 Global Laser Technology Market, 2017-2023,
FIGURE 7 Sub Segments Of Type
FIGURE 8 Global Laser Technology Market Size By Applications, 2017
FIGURE 9 Share Of Global Laser Technology Market By Type, 2017 TO 2023
FIGURE 10 Global Laser Technology Market Size By Applications, 2017
FIGURE 11 Share Of Global Laser Technology Market By Type, 2017 TO 2023
FIGURE 12 Global Laser Technology Market Size By Verticals, 2017 TO 2023
FIGURE 13 Share Of Global Laser Technology Market By Verticals, 2017 TO 2023
Continued…
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Laser Technology Market - OverviewThe Laser Technology Market is growing with the rapid pace is mainly due to increasing adoption of infrared thermometer in healthcare sector, are boosting the laser technology market growth in the forthcoming years.
According to a recent study report published by the Market Research Future, the global market of laser technology is expected to gain prominence over the forecast period.
The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period 2017-2023.Key Players:Some of the prominent players in the global Laser Technology Market Coherent, Inc. (U.S.), Corning Incorporated (U.S.), IPG Photonics Corp. (U.S.), Micron Laser Technology (U.S.), Trumpf Group (Germany), Laser Technology, Inc. (U.S.), Lumentum Holdings Inc. (U.S.), Haas Laser Technologies Inc. (U.S.), Jeanoptik AG (Germany), Novanta Inc. (U.S.), Quantel Group (U.K), LasaerStar Technologies Corp. (U.S.), ALT Advanced Lazer Technologies (U.K), Applied Laser Technology, Inc. (U.S.), Epilog Laser (U.S.), NeoPhotonics Corporation (U.S.), Han's Laser Technology Co., Ltd (China), MKS Instruments (U.S.), among others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5109Industry News:March 6, 2018- Chief Automotive Technologies, the leading provider of computerized measuring equipment and vehicle specification data, has introduced Live Mapping system.
This system is integrated with Galileo laser scanner and real-time measurements of collision-damaged vehicles.March 14, 2018 - II‐VI Incorporated, a leader in laser components and subsystems, had announced about their product launched DirectProcess 900 direct diode laser engine with 1 kW output power and network interfaces for Industry 4.0.
It is widely used in industrial materials processing application including joining, cutting and hardening, and others.21 March 2018- Osram Opto Semiconductors GmbH and Nichia Corp had announced to expand their nitride LED and laser IP cooperation.Laser Technology Global Market - Regional AnalysisNorth America is dominating the global laser technology market with the largest market share due to increasing demand wireless laser connections, which is gaining demand in laser technology market and is expected to gain growth by 2023.
Global Laser Technology market in European market is expected to grow at a substantial high CAGR during 2017 to 2023 due to increasing implementation of material processing applications in manufacturing sectors.
Overview:The global study on the laser technology market reveals a possibility of surpassing USD 18 billion valuation by 2023 with a CAGR of 6% for the forecast period covering 2018 to 2023.
Among them, the rising incorporation of the technology in the aerospace & defense sector, the inclusion of it in the automotive industry, investment to boost its percolation in the healthcare sector, growing demand from the packaging industry, and others are expected to bolster the market growth.Segmentation:The global laser technology industry has been studied on the basis of segments like type, application, and verticals.
These segments have data backed by scientific methods and established parameters, that can help in making moves for the market.By type, the global market report on the laser technology market reveals segments like a liquid laser, solid laser, gas laser, and others.By applications, the report on the laser technology market includes segments like laser gyroscopes, laser printers, laser processing, laser rangefinders, laser scanners, laser security systems, optical communication, laser headlights, and others.
The region has the lion’s share in the market as major companies are operating from the region and end users are generating strong demand.Competitive Landscape:IPG Photonics Corp. (U.S.), Coherent, Inc. (U.S.), Corning Incorporated (U.S.), Laser Technology, Inc. (U.S.), Micron Laser Technology (U.S.), Trumpf Group (Germany), Jeanoptik AG (Germany), Lumentum Holdings Inc. (U.S.), Haas Laser Technologies Inc. (U.S.), LasaerStar Technologies Corp. (U.S.), Novanta Inc. (U.S.), Quantel Group (U.K), Epilog Laser (U.S.), Han's Laser Technology Co., Ltd (China), NeoPhotonics Corporation (U.S.), ALT Advanced Lazer Technologies (U.K), Applied Laser Technology, Inc. (U.S.), MKS Instruments (U.S.), and others are known names in the laser technology market.
Industry News:In August 2020, Dover Corporation DOV announced the acquisition of Solaris Laser S.A. ("Solaris").
Solaris, a company from Europe, is known for its ultraviolet, advanced fiber, and CO2 laser systems that get traction from several industrial and packaging applications.Solaris will now work as a part of Dover’s Markem-Imaje business unit, which has made a name for being a producer of product identification and traceability solutions.
