Laser Technology Market Research Report

 

As per the GMI Research's latest analysis, Global Laser Technology Market reveals that the market is slated to register a higher CAGR over the forecast period. This is attributed to the growing application of laser technology in dermatology, cosmetic surgery, and ophthalmology, followed by the strong demand for laser technology in the healthcare industry for achieving accuracy and precision in surgical procedures.  

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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

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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