Laser Technology Global Market – Overview
The global 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.
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Global Laser technology Market Segmentation
The global laser technology market is segmented into type, application, verticals, and region. The type is segmented into solid laser, liquid laser, gas laser and others. The applications segment is sub-segmented into laser processing, laser gyroscopes, laser printers, laser scanners, laser rangefinders, laser headlights, laser security systems, optical communication and others. Further, the laser processing is sub-segmented into macro processing, micro processing, advanced processing and others. The end-users segment is sub-segmented into IT & telecommunication, aerospace & defense, healthcare, automotive, and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
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.
Market Research Analysis:
The global laser technology market is consists of the Americas, Europe, Asia Pacific, and Rest of world. North America is dominating the global laser technology market. The laser technology market is witnessing a high growth as these region due to various sectors such as IT & telecommunication, aerospace & defense, healthcare, automotive, and others. Europe is projected to hold the second largest share of the laser technology market during the forecast period. It is due to the huge demand of laser technology for various applications such as cutting, welding, engraving and others. Asia Pacific is expected to witness the highest CAGR in the coming years.
Industry 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.
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Intended Audience
- Laser technology companies
- Laser technology providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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