Laser Technology Market Research Report
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Report on Laser Technology Market
Laser Technology
Market’s leading
Manufacturers:
·
Coherent, Inc.
·
IPG Photonics Corporation
·
TRUMPF Group
·
Lumentum Operations LLC
·
Jenoptik Group
·
Novanta Inc.
·
Lumibird
·
Laser Star Technologies Corporation
·
Epilog Laser
·
Han’s Laser Technology Industry Group Co., Ltd
Laser Technology
Market Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The global laser technology market
is predicted to witness an upsurge in demand during the forecast period due to the
growing application of laser technology in dermatology, urology, cosmetic
surgery, dentistry, and ophthalmology, followed by the strong demand for laser
technology in the healthcare industry for achieving accuracy and precision in
surgical procedures. Moreover, the strong demand for laser technology for
material processing and the rising production of micro and Nano devices will
further surge the growth of the laser technology market size.
The rising usage of
laser technology for optional communications due to its high-speed transmission
of data in digital and analog fiber optic networks will further propel the
growth of the market in the coming years. In addition to this, the wide use of
laser technology in the defense and security industry for the R & D of
laser-based weapon systems and plasma-based weapon systems will have a positive
influence on the laser technology market over the coming years. On the other
hand, the factors hindering the growth of the market include higher power
consumption, high deployment cost, radioactive pollution, and limited personnel
with needed technical professionals in laser technology will hinder the growth
of the market.
Type Segment Drivers
Based on the type,
the market is segmented into liquid, gas, solid, and others. The solid type is
projected to witness a higher CAGR over the forecast period due to its
increased effectiveness than gas lasers, economic cast, simple construction,
and low wasting of material in the active medium. In addition to this, the
large usage of solid-state lasers in several applications, such as eye surgery,
metal processing, environmental instrumentation measurements, red–green–blue
(RGB) light sources in laser printers and projectors, and optical transmission
systems will further pay the way for the growth of the laser technology market.
Laser Technology
Market Segmentation:
Segmentation by Type:
·
Solid Laser
·
Liquid Laser
·
Gas Laser
·
Others
Segmentation by Revenue:
·
System Revenue
·
Laser Revenue
Segmentation by Application:
·
Laser Processing
o Macroprocessing
§ Cutting
§ Drilling
§ Welding
§ Marking and Engraving
o Microprocessing
o Advance Processing
·
Optical Communications
·
Others
Segmentation by End-Use Industry:
·
Telecommunication
·
Industrial
·
Semiconductor & Electronics
·
Commercial
·
Aerospace & Defence
·
Automotive
·
Medical
·
Research
·
Others
Segmentation by Region:
·
North America
o United
States of America
o Canada
·
Asia Pacific
o China
o Japan
o India
o Rest
of APAC
·
Europe
o United
Kingdom
o Germany
o France
o Spain
o Rest
of Europe
·
RoW
o Brazil
o South
Africa
o Saudi
Arabia
o UAE
o Rest
of the world (remaining countries of the LAMEA region)
About GMI
Research
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