Market Overview:
The global high power continuous wave (CW) lasers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for high power CW lasers in various applications such as aerospace, automotive, and others. Additionally, the growing demand for Raman fiber lasers is also contributing to the growth of this market. However, factors such as limited penetration in developing countries and stringent government regulations are restraining the growth of this market. Based on type, ytterbium lasers accounted for a major share of the global high power CW lasers market in 2017. This segment is expected to maintain its dominance during the forecast period due to its superior performance characteristics and low cost of ownership compared with other types of laser systems available in the market.
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Product Definition:
A high power continuous wave (CW) laser is a laser that emits a steady stream of coherent light. These lasers are used in many industrial and military applications, such as cutting and welding metal, marking products, and measuring distance.
Ytterbium Lasers:
Ytterbium lasers, also known as yellow laser or green laser, is a chemical element produced by the process of fusion. It has an atomic number of 37 and a molecular weight of Ytterbium (ITB) vapor pressure which is 0.1 mmHg at 20°C.
Raman Fiber Lasers:
Raman fiber lasers are ultrafast light sources and they are based on the phenomenon of stimulated Raman effect. The laser operates at a frequency between 10 kHz to 100 MHz. It has applications in spectroscopy, nonlinear microscopy, and material science among others.
The high power continuous wave (CW) lasers market is driven by factors such as growing demand for high-intensity light beams from end-user markets such as medical & dental industries, research laboratories, etc.
Application Insights:
The aerospace application segment accounted for the largest revenue share of over 40% in 2017. The high power continuous wave lasers are used in various applications such as cutting and welding, machine vision, and material removal from metal. The use of these lasers helps to reduce the weight of a component or an entire aircraft which eventually leads to reduced fuel consumption and emissions during operation. Moreover, with the help from researchers at Stanford University, it is expected that this technology will enable laser-powered aircraft by 2020s.
The automotive application segment is expected to witness significant growth over the forecast period owing to increasing demand for vehicles across various regions coupled with stringent government regulations regarding reduction in vehicular emissions worldwide. Companies such as COVID-19 Inc., Aerion Corporation; Airbus SE; Boeing Company; Mitsubishi Heavy Industrial Limited; Raytheon Company; General Dynamics Corporation (GDC); Northrop Grumman Corporation.; Textron Aviation, United Technologies Corp.; R&D Systems Inc.
Regional Analysis:
North America dominated the global high power continuous wave lasers market in 2017. The growth is attributed to the presence of major aircraft and automobile manufacturers in this region. Moreover, increasing R&D activities by various organizations are also expected to drive the demand for these devices over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid industrialization and growing defense & aerospace industry in this region. Furthermore, rising investments by companies such as SES Global Limited; Panasonic Corporation; Fujitsu Ltd.; Samsung Electronics Co., Ltd.; LG Electronics Inc.; Sony Corporation; IBM Corporation; Microsoft Corporation; Hewlett Packard Enterprise Development LP (HPE); and others are expected to further propel market growth over this period.
Growth Factors:
- Increasing demand for high power CW lasers from the defense and aerospace sectors due to their superior performance characteristics as compared to other laser types.
- Growing demand for CW lasers in medical applications such as laser surgery, dermatology, ophthalmology, and dentistry due to their superior precision and accuracy.
- Rising demand for CW lasers from the semiconductor industry for use in lithography and wafer inspection processes.
- Increasing adoption of CW lasers in materials processing applications such as welding, cutting, and marking due to their high efficiency and low operating costs.
- Proliferation of new application areas for CW lasers such as 3D printing
Scope Of The Report
Report Attributes
Report Details
Report Title
High Power Continuous Wave (CW) Lasers Market Research Report
By Type
Ytterbium Lasers, Raman Fiber Lasers
By Application
Aerospace, Automotive, Others
By Companies
IPG Photonics, Coherent Inc., Lumentum, Raycus, JPT OPTO-Electronics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global High Power Continuous Wave (CW) Lasers Market Report Segments:
The global High Power Continuous Wave (CW) Lasers market is segmented on the basis of:
Types
Ytterbium Lasers, Raman Fiber Lasers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IPG Photonics
- Coherent Inc.
- Lumentum
- Raycus
- JPT OPTO-Electronics
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Highlights of The High Power Continuous Wave (CW) Lasers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ytterbium Lasers
- Raman Fiber Lasers
- By Application:
- Aerospace
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Power Continuous Wave (CW) Lasers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Lasers Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High power CW lasers are those that produce a continuous beam of light. They can be used for a variety of applications, including industrial manufacturing and cutting, welding and fabricating, medical procedures such as surgery and dermatology treatments, scientific research and more.
Some of the major companies in the high power continuous wave (cw) lasers market are IPG Photonics, Coherent Inc., Lumentum, Raycus, JPT OPTO-Electronics.
The high power continuous wave (cw) lasers market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Power Continuous Wave (CW) Lasers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Power Continuous Wave (CW) Lasers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Power Continuous Wave (CW) Lasers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Power Continuous Wave (CW) Lasers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Power Continuous Wave (CW) Lasers Market Size & Forecast, 2018-2028
4.5.1 High Power Continuous Wave (CW) Lasers Market Size and Y-o-Y Growth
4.5.2 High Power Continuous Wave (CW) Lasers Market Absolute $ Opportunity
Chapter 5 Global High Power Continuous Wave (CW) Lasers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Power Continuous Wave (CW) Lasers Market Size Forecast by Type
5.2.1 Ytterbium Lasers
5.2.2 Raman Fiber Lasers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Power Continuous Wave (CW) Lasers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Power Continuous Wave (CW) Lasers Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Automotive
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Power Continuous Wave (CW) Lasers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Power Continuous Wave (CW) Lasers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Power Continuous Wave (CW) Lasers Analysis and Forecast
9.1 Introduction
9.2 North America High Power Continuous Wave (CW) Lasers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Power Continuous Wave (CW) Lasers Market Size Forecast by Type
9.6.1 Ytterbium Lasers
9.6.2 Raman Fiber Lasers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Power Continuous Wave (CW) Lasers Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Automotive
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Power Continuous Wave (CW) Lasers Analysis and Forecast
10.1 Introduction
10.2 Europe High Power Continuous Wave (CW) Lasers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Power Continuous Wave (CW) Lasers Market Size Forecast by Type
10.6.1 Ytterbium Lasers
10.6.2 Raman Fiber Lasers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Power Continuous Wave (CW) Lasers Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Automotive
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Power Continuous Wave (CW) Lasers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Power Continuous Wave (CW) Lasers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Power Continuous Wave (CW) Lasers Market Size Forecast by Type
11.6.1 Ytterbium Lasers
11.6.2 Raman Fiber Lasers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Power Continuous Wave (CW) Lasers Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Automotive
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Power Continuous Wave (CW) Lasers Analysis and Forecast
12.1 Introduction
12.2 Latin America High Power Continuous Wave (CW) Lasers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Power Continuous Wave (CW) Lasers Market Size Forecast by Type
12.6.1 Ytterbium Lasers
12.6.2 Raman Fiber Lasers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Power Continuous Wave (CW) Lasers Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Automotive
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Power Continuous Wave (CW) Lasers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Power Continuous Wave (CW) Lasers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Power Continuous Wave (CW) Lasers Market Size Forecast by Type
13.6.1 Ytterbium Lasers
13.6.2 Raman Fiber Lasers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Power Continuous Wave (CW) Lasers Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Automotive
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Power Continuous Wave (CW) Lasers Market: Competitive Dashboard
14.2 Global High Power Continuous Wave (CW) Lasers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IPG Photonics
14.3.2 Coherent Inc.
14.3.3 Lumentum
14.3.4 Raycus
14.3.5 JPT OPTO-Electronics
