Technology industry

The global laser technology industry is expected to reach over $17 billion by 2026

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Global laser technology market

Global laser technology market

Global laser technology market

Dublin, March 07, 2022 (GLOBE NEWSWIRE) — The “Global laser technology industry” report has been added to from ResearchAndMarkets.com offer.

The global laser technology market is estimated to be worth USD 12.33 billion in 2021 and is projected to reach USD 17.78 billion by 2026, growing at a CAGR of 7.6%.

Market dynamics

The global laser technology market is estimated to be the fastest growing segment due to increasing adoption and demand by various industries, especially healthcare verticals. The advantage of laser technology over traditional material processing techniques is driving the growth of the market. Additionally, the growth of nanodevices and microdevices is fueling the growth of the market. On the other hand, high costs associated with the deployment of laser technology, strict regulatory framework and policies imposed by the government, and lack of qualified personnel and expertise are restraining the market and hampering growth.

Furthermore, the growing adoption of laser technology for quality checks in various industry verticals and the growing use of laser technology for optimal communication creates potential opportunities for market growth over the forecast period. Additionally, the technical complexity of high power lasers and growing environmental concerns regarding the use of rare earth elements are the significant challenges that may negatively affect the growth of the market.

Market segmentation

  • The global laser technology market is further segmented on the basis of application type, laser type, end-user industry type, revenue type, and geography.

  • By type of application, the market is categorized into Laser Processing {Macro Processing [Cutting (Flame Cutting, Fusion Cutting, and Sublimation Cutting), Drilling (Single-pulse Drilling, Helical Drilling, Percussion Drilling, and Trepanning Drilling), Welding, and Marking & Engraving]micro-processing and advanced processing}, optical communications and others.

  • By type of laser, the laser technology market is categorized into solid laser and liquid laser.

  • By type of end-user industry, the laser technology market is categorized into automotive, aerospace & defense, commercial, industrial, medical, research, semiconductor & electronics, telecommunications, and others.

  • By revenue type, the laser technology market is categorized into laser revenue and system revenue.

  • According to geography, America is expected to dominate the market.

Company Profiles

Some of the companies covered in this report are II-VI Incorporated, Epilog Corporation, Han’s Laser Technology Industry Group Co Ltd, IPG Photonics Corporation, Jenoptik AG, LaserStar Technologies Corporation, LUMIBIRD, Lumentum Holdings, Inc, Novanta, Inc and TRUMPF Group. , etc

Countries studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

  • Middle East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Why buy this report?

  • The report offers a comprehensive assessment of the global laser technology market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Main topics covered:

1 Description of the report

2 Research methodology

3 Executive Summary

4 market influencers
4.1 Drivers
4.1.1 Increasing Adoption and Demand by Various Industries
4.1.2 Advantage of laser technology over traditional treatment techniques
4.1.3 Growing Production of Nanodevices and Microdevices
4.2 Constraints
4.2.1 High cost of deploying Lasser technology
4.2.2 Lack of qualified personnel and expertise
4.3 Opportunities
4.3.1 Growing Adoption of Laser Technology for Quality Control
4.3.2 Increased use in optimal communication
4.4 Challenges
4.4.1 Technical complexities of high power lasers
4.4.2 Growing concern for the environment

5 Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff matrix analysis

6 Global Laser Technology Market, By Type of Application
6.1 Presentation
6.2 Laser treatment
6.2.1 Macro-processing
6.2.1.1 Cutting
6.2.1.1.1 Flame cutting
6.2.1.1.2 Fusion cutting
6.2.1.1.3 Sublimation cutting
6.2.1.2 Drilling
6.2.1.2.1 Single pulse drilling
6.2.1.2.2 Helical drilling
6.2.1.2.3 Percussion drilling
6.2.1.2.4 Trephination drilling
6.2.1.3 Welding
6.2.1.4 Marking and engraving
6.2.2 Microprocessing
6.2.3 Advanced processing
6.3 Optical communications
6.4 Others

7 Global Laser Technology Market, By Laser Type
7.1 Presentation
7.2 Solid laser
7.2.1 Fiber laser
7.2.2 Ruby Laser
7.2.3 Semiconductor laser
7.2.4 Thin disc laser
7.2.5 Yttrium Aluminum Garnet (YAG) Laser
7.3 Liquid laser
7.3.1 Dye laser
7.3.2 X-ray laser
7.4 Gas laser
7.4.1 Argon Laser
7.4.2 Chemical laser
7.4.3 C02 laser
7.4.4 Excimer laser
7.4.5 He-Ne laser
7.5 Other Lasers

8 Global Laser Technology Market, By End User
8.1 Presentation
8.2 Automotive
8.3 Aeronautics and Defense
8.4 Commercial
8.5 Industrial
8.6 Medical
8.7 Search
8.8 Semiconductor and electronics
8.9 Telecommunications
8.10 Others

9 Global Laser Technology Market, By Revenue Type
9.1 Presentation
9.2 Laser Revenue
9.3 System Revenue

10 Global Laser Technology Market, By Geography
10.1 Presentation
10.1 America
10.1.1 Argentina
10.1.2 Brazil
10.1.3 Canada
10.1.4 Chile
10.1.5 Colombia
10.1.6 Mexico
10.1.7 Peru
10.1.8 United States
10.1.9 Rest of the Americas
10.2 Europe
10.2.1 Austria
10.2.2 Belgium
10.2.3 Denmark
10.2.4 Finland
10.2.5 France
10.2.6 Germany
10.2.7 Italy
10.2.8 Netherlands
10.2.9 Norway
10.2.10 Poland
10.2.11 Russia
10.2.12 Spain
10.2.13 Sweden
10.2.14 Switzerland
10.2.15 United Kingdom
10.2.16 Rest of Europe
10.3 Middle East and Africa
10.3.1 Egypt
10.3.2 Israel
10.3.3 Qatar
10.3.4 Saudi Arabia
10.3.5 South Africa
10.3.6 United Arab Emirates
10.3.7 Rest of MEA
10.4 Asia-Pacific
10.4.1 Australia
10.4.2 Bangladesh
10.4.3 China
10.4.4 India
10.4.5 Indonesia
10.4.6 Japan
10.4.7 Malaysia
10.4.8 Philippines
10.4.9 Singapore
10.4.10 South Korea
10.4.11 Sri Lanka
10.4.12 Thailand
10.4.13 Taiwan
10.4.14 Rest of Asia

11 Competitive Landscape
11.1 Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 Mergers and Acquisitions and Investments
11.3.2 Partnerships and collaborations
11.3.3 Product developments and improvements

12 company profiles
12.1 Group 600 APIs
12.2 II-VI Incorporated
12.3 Laser Access
12.4 ALT Laser Ltd.
12.5 AMS Technologies SA
12.6 Applied Laser Technology, Inc.
12.7 Bystronic Group
12.8 Corning Incorporated
12.9 Danaher Company
12.10 Epilog Corporation
12.11 Eurolaser GmbH
12.12 Focuslight Technologies, Inc.
12.13 Fonon Company
12.14 Gravotech Engineering PVT SA
12:15 Han’s Laser Technology Industry Group Co Ltd
12.16 IPG Photonics Corporation
12.17 Jenoptik SA
12.18 LaserStar Technologies Corporation
12.19 Laser Technology Inc.
12.20 LUMBIRD
12.21 Lumentum Holdings, Inc.
12.22 MKS Instruments, Inc.
12.23 Micron Laser Technology, Inc.
12.24 NeoPhotonics Company
12.25 Novanta, Inc.
12.26 NPI Laser Co Ltd
12.27 Photonics Industries International, Inc.
12.28 Prima Industrie SpA
12.29 TOPTICA Photonics SA
12:30 p.m. TRUMPF Group
12.31 Universal Laser Systems, Inc.
12.32 USHIO OPTO SEMICONDUCTOR, INC

13 Appendix

For more information on this report, visit https://www.researchandmarkets.com/r/qv3wk4

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