Market Overview:
The global laser components market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lasers in various applications, such as industrial, medical, military, and commercial applications. In addition, the growing demand for lasers from emerging economies is also contributing to the growth of this market. On the basis of type, CO2 lasers accounted for a major share of the global laser components market in 2017. This segment is expected to continue its dominance during the forecast period due to its high adoption rates across various industries and applications.
Product Definition:
Laser Components are the essential parts of a laser system. They are used to produce and amplify light waves in the laser cavity. The most important components are the mirrors, which reflect light in opposite directions to keep it circulating inside the cavity. Other important components include the pump source, which provides energy to start and sustain lasing, and the output coupler, which allows light to escape from the cavity.
CO2 Lasers:
CO2 lasers are the most commonly used type of laser for dental applications. They offer several advantages over other types such as lower power consumption, wide range of wavelengths, and high output power. The cost-effective nature of these devices has led to their increased popularity among dental practices across the globe.
The CO2 laser is a tool that is used by dentists to perform various procedures in their office including teeth whitening, cavity detection & treatment,.
Fiber Lasers:
Fiber lasers are the most common type of laser used in various applications. They are also referred to as thin-walled or hollow fiber lasers owing to their physical characteristics. Fiber laser components consist of optical fibers, cladding material, and an active source inside a protective jacket which is mounted on a sturdy base.
Application Insights:
The industrial segment dominated the global laser components market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for lasers in applications such as cutting, welding and engraving is projected to drive industry growth over the coming years.
In addition, increasing investments by companies such as Siemens AG., Invenia Corporation., Epilamatic PLC., etc. are likely to propel industry expansion during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for laser components from end-use industries, such as medical, industrial, and others. In addition, rising investments in R&D activities by countries such as China and Japan are anticipated to fuel industry expansion over the next eight years.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to high consumption of CO2 lasers used in surgery procedures across various applications including dermatology and cosmetic surgeries. Moreover, growing adoption of fiber lasers due to their advantages over CO2 lasers is further propelling product demand across several end-use markets including industrial sector for cutting materials like metal sheets with accuracy at a very low cost per job; thereby positively influencing overall industry growth in APAC region.
Growth Factors:
- Increasing demand for laser components in the medical and industrial sectors
- Growing popularity of laser technology across different applications
- Rising demand for compact and energy-efficient lasers
- Proliferation of new applications that require laser components
- Technological advancements in the field of lasers
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Components Market Research Report
By Type
CO2 Lasers, Fiber Lasers, Solid-State Lasers, Diode Lasers, Dye Lasers, Excimer Lasers
By Application
Industrial, Medical, Military, Commercial, Others
By Companies
Coherent, IPG Photonics, Trumpf, Lumentum, Jeanoptik, Novanta, Quantel, LasaerStar Technologies, Epilog Laser, MKS Instruments, Coherent
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Laser Components Market Report Segments:
The global Laser Components market is segmented on the basis of:
Types
CO2 Lasers, Fiber Lasers, Solid-State Lasers, Diode Lasers, Dye Lasers, Excimer 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
Industrial, Medical, Military, Commercial, 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:
- Coherent
- IPG Photonics
- Trumpf
- Lumentum
- Jeanoptik
- Novanta
- Quantel
- LasaerStar Technologies
- Epilog Laser
- MKS Instruments
- Coherent
Highlights of The Laser Components 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:
- CO2 Lasers
- Fiber Lasers
- Solid-State Lasers
- Diode Lasers
- Dye Lasers
- Excimer Lasers
- By Application:
- Industrial
- Medical
- Military
- Commercial
- 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 Laser Components 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
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?
Laser Components is a company that manufactures laser products and services. The company's main product is lasers for industrial, scientific, and medical applications.
Some of the major players in the laser components market are Coherent, IPG Photonics, Trumpf, Lumentum, Jeanoptik, Novanta, Quantel, LasaerStar Technologies, Epilog Laser, MKS Instruments, Coherent.
The laser components market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Components 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 Laser Components Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Laser Components 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 Laser Components 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 Laser Components Market Size & Forecast, 2020-2028 4.5.1 Laser Components Market Size and Y-o-Y Growth 4.5.2 Laser Components Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 CO2 Lasers
5.2.2 Fiber Lasers
5.2.3 Solid-State Lasers
5.2.4 Diode Lasers
5.2.5 Dye Lasers
5.2.6 Excimer Lasers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Medical
6.2.3 Military
6.2.4 Commercial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Components 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 Laser Components 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 CO2 Lasers
9.6.2 Fiber Lasers
9.6.3 Solid-State Lasers
9.6.4 Diode Lasers
9.6.5 Dye Lasers
9.6.6 Excimer 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 Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Medical
9.10.3 Military
9.10.4 Commercial
9.10.5 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 CO2 Lasers
10.6.2 Fiber Lasers
10.6.3 Solid-State Lasers
10.6.4 Diode Lasers
10.6.5 Dye Lasers
10.6.6 Excimer 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 Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Medical
10.10.3 Military
10.10.4 Commercial
10.10.5 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 CO2 Lasers
11.6.2 Fiber Lasers
11.6.3 Solid-State Lasers
11.6.4 Diode Lasers
11.6.5 Dye Lasers
11.6.6 Excimer 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 Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Medical
11.10.3 Military
11.10.4 Commercial
11.10.5 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 CO2 Lasers
12.6.2 Fiber Lasers
12.6.3 Solid-State Lasers
12.6.4 Diode Lasers
12.6.5 Dye Lasers
12.6.6 Excimer 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 Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Medical
12.10.3 Military
12.10.4 Commercial
12.10.5 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 CO2 Lasers
13.6.2 Fiber Lasers
13.6.3 Solid-State Lasers
13.6.4 Diode Lasers
13.6.5 Dye Lasers
13.6.6 Excimer 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) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Medical
13.10.3 Military
13.10.4 Commercial
13.10.5 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 Laser Components Market: Competitive Dashboard
14.2 Global Laser Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Coherent
14.3.2 IPG Photonics
14.3.3 Trumpf
14.3.4 Lumentum
14.3.5 Jeanoptik
14.3.6 Novanta
14.3.7 Quantel
14.3.8 LasaerStar Technologies
14.3.9 Epilog Laser
14.3.10 MKS Instruments
14.3.11 Coherent