Laser Technology Industry – Overview
Laser technology has come to be applied in a wide range of activities that have added positively to the development of the market. Market focused reports connected to the semiconductors and electronics industry among others lately have been made available by Market Research Future which publishes reports in this industry. The Laser Technology Industry is anticipated to achieve USD 18 billion approximately in terms of revenue by 2023 while growing at a CAGR of 6 percent in the forecast period.
Laser technology has penetrated into many of the products that are being used on a daily basis. Blu-Ray, bar code scanners and DVD players are a few of the popular products that employ laser technology to a great extent. Rising demand from the manufacturing industry and surgical procedures such as LASIK have increased the demand for the development of laser technology in the recent years. Increasing demand for optical communication is the driving the progress of the laser technology market at a greater level. The sector is expected to benefit from the investment inflows from current market players as well new investors in the market throughout the forecast period.
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Key Players:
Some of the prominent players in the Laser Technology Industry 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 - Segmentation
The laser technology market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Type: Solid Laser, Liquid Laser, Gas Laser among others.
- Segmentation by Application: Laser Processing, Laser Gyroscopes, Laser Printers, Laser Scanners, Laser Rangefinders, Laser Headlights, Laser Security Systems, Optical Communication and others.
- Segmentation by End – User: IT & telecommunication, aerospace & defense, healthcare, automotive, among others
- Segmentation by Regions: Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Laser Technology Global Market - Regional Analysis
North 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. The Asia Pacific market for laser technology market is expected to grow at a considerable CAGR (2017-2023).
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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
Continued…
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Market HighlightsThe global laser technology market is spanned across Americas, Europe, Asia Pacific, and Rest of world.
In June 19, 2017, IPG Photonics Corporations announced its agreement to acquire Innovative Laser Technologies.
This acquisition is done to provide best-in-class standardized and turnkey systems solutions to medical device industries and other customers.
The company is planning to provide laser-based systems solution high-precision welding, cutting, marking, drilling, cladding, and other processing of metals.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5109The North American region is experiencing a higher demand due to its new and innovative products which is widely used in the healthcare sectors.
For instance, the lasers technologies are used for laser vision correction, dermatological treatment, ontogenetic, dynamic contrast-enhanced MRI, confocal microscopy, and others.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
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.
