The Laser Technology Market report considers the COVID-19 pandemic as one of the key influencing factors of the Laser Technology Market. The report discusses in detail the positive and negative impact of the pandemic on the Laser Technology Market. The supply chain disruptions and economic volatility have altered the dynamics of the Laser Technology Market. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
The global laser technology market size was USD 12.44 Billion in 2021 and is expected to register a revenue CAGR of 8.6% during the forecast period, according to latest analysis by Emergen Research. Laser technology market revenue growth is primarily driven by factors such as rising adoption of laser technology in the electronics sector and medical applications and increasing adoption of various technologies emerging from laser-based applications such as Augmented Reality (AR) and Virtual Reality (VR), Vertical-Cavity Surface-Emitting Laser (VCSEL), Light Detection and Ranging (LiDAR). Laser technology offers high degree of adaptability, sustainability, productivity, and accuracy, hence it has found extensive usage and success in a wide range of sectors including manufacturing, chemical production and processing, automotive, and healthcare. As a result of their accuracy and precision, lasers enable physicians and surgeons to perform difficult surgical procedures and manufacturers to develop new medical equipment and designs. From laser eye surgery to development of new equipment and prosthesis, laser technology has enabled hospitals, physicians, surgeons, consultants, and nurses to provide superior treatment more quickly.
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Some Key Highlights From the Report
- The gas laser segment accounted for a moderate revenue share in 2021. CO2 lasers are commonly employed as industrial lasers for laser material processing, particularly for cutting and structuring plastic materials, wood, die boards, glass pieces, and other materials with high absorption at 10.6 m and power levels ranging from 20–200 W.
- The macro processing segment accounted for a significant revenue share in 2021. Its applications vary from aerospace to production of jewelry. Laser welding works by focusing on highly concentrated beam of light on a tiny area, allowing the spot under laser beam to receive light and become incredibly active.
- The automotive segment accounted for a significant revenue share in 2021. In the competitive field of automotive manufacturing, there appears to be little room for error. One way that automakers can employ is laser cutting, which is one of the most effective methods for ensuring precise quality cuts with clean edges and quick cycle time. Laser cutting technology can also be used for welding, cladding, engraving, and branding, in addition to cutting. As laser cutting is so versatile, it has become a vital tool in global automobile production business.
The report on the Global Laser Technology Market is an investigative study on the key features of the business landscape along with an analysis of the growth opportunities, challenges, threats, drivers and restraints, and limitations of the market. The report also offers insights into the segments, sub-segments, and regions exhibiting promising growth.
The report further sheds light on the competitive landscape of the Laser Technology market to offer the readers an advantage over others. The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
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The prominent players profiled in the report are:
Coherent, Inc., IPG Photonics Corporation, Trumpf, Lumentum Operations LLC., Jenoptik, Novanta Inc., Lumibird, LaserStar Technologies Corporation, Corning Incorporated, and Bystronic Group.
Emergen Research has segmented the global laser technology market based on type, application, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2019-2030)
- Solid Laser
- Fiber Laser
- Ruby Laser
- Semi-conductor Laser
- Thin disk Laser
- Liquid Laser
- X-ray Laser
- Dye Laser
- Gas Laser
- Co2 Laser
- Excimer Laser
- He-ne Laser
- Argon Laser
- Chemical Laser
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Laser Processing
- Macro Processing
- Micro Processing
- Advanced Processing
- Optical Communication
- Others
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Telecommunication
- Industrial
- Semiconductor & Electronics
- Memory
- Microprocessors
- Integrated Circuit
- Commercial
- Aerospace & Defense
- Aerospace Industry
- Missiles Industry
- Space Industry
- Combat Vehicles Industry
- Automotive
- Medical
- Laser Vision Correction
- Confocal Microscope
- Optogenetics
- Research
- Others
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- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
The report covers the following chapters:
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by geography, segmentation by type and by interest rate.
- Market Characteristics - The market characteristics section of the report defines and explains the Laser Technology market. This chapter also defines and describes goods and related services covered in the report.
- Supply Chain - The supply chain section of the report defines and explains the key players in the Laser Technology industry supply chain.
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