Market Overview:
The global laser technologies, components and applications 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 industrial, medical, military and commercial applications. In terms of type, the CO2 lasers segment is expected to lead the global laser technologies, components and applications market during the forecast period. This can be attributed to their high efficiency and low cost of ownership as compared to other types of lasers such as fiber lasers and solid-state lasers. In terms of application, industrial applications are expected to account for the largest share of the global laser technologies, components and applications market during the forecast period.
Product Definition:
Laser technology is the use of lasers to create and control light. Lasers are often used in medical procedures, communication, manufacturing and other industrial applications. Components of laser technology include lasers, optical fibers and mirrors. Applications of laser technology include surgery, welding and communications.
CO2 Lasers:
CO2 lasers are one of the most popular and preferred technologies in laser technologies. These lasers work on the basis of gas-discharge interaction. They are also known as solid state diode lasers owing to their non-ionization properties. CO2 is a colorless & odorless gas that is made up of two oxygen molecules, which releases light when stimulated with electricity or voltage.
Fiber Lasers:
Fiber lasers are the most efficient and flexible light sources available in the market. They have a wide range of applications such as medical, material processing, welding & cutting and optical communications. Fiber laser delivers purest form of light with no color mixing or output fluctuation like other technologies. It is also used for high power applications up to 1MW which is not possible using any other technology available in the market today.
Application Insights:
The industrial applications segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for lasers in various industries including cutting, welding, drilling, packaging and coating is projected to drive industry growth over the coming years.
The medical applications are anticipated to witness high penetration rate of laser devices owing to their increasing usage in surgeries and diagnostic procedures. Laser technology has been gaining popularity as it reduces pain during surgeries by minimizing tissue damage caused by surgery or trauma. Rising geriatric population across the globe that suffers from chronic diseases such as diabetes will boost product demand globally.
Regional Analysis:
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to the presence of a large number of players and suppliers in countries, such as China, Japan, and India. The availability of low-cost raw materials and labor in this region has attracted many laser manufacturers to set up their production facilities here. This factor is expected to drive demand for lasers & components from various end-use sectors across Asia Pacific during the forecast period.
The CO2 lasers segment held a dominant share in 2016 owing to their widespread use in industrial applications across several industries including metal cutting, drilling & tapping machines, woodworking machinery among others. In addition they are used extensively for marking/identification purposes on products such as vehicles or containers among others which drives demand for these systems significantly across Europe region especially Germany and U.K.
Growth Factors:
- Increasing demand for laser technologies in various industrial and commercial applications
- Growing adoption of laser technology in medical and healthcare sector
- Rising demand for compact and portable lasers devices
- Proliferation of new applications for lasers across different industries
- Technological advancements in laser technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Technologies, Components & Applications Market Research Report
By Type
CO2 Lasers, Fiber Lasers, Solid-State Lasers, Diode Lasers, Dye Lasers, Excimer Lasers
By Application
Industrial Applications, Medical Applications, Military Applications, Commercial Applications
By Companies
Coherent, IPG Photonics, Trumpf, Lumentum, Jeanoptik AG, 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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Laser Technologies, Components & Applications Market Report Segments:
The global Laser Technologies, Components & Applications 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 Applications, Medical Applications, Military Applications, Commercial Applications
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 AG
- Novanta
- Quantel
- LasaerStar Technologies
- Epilog Laser
- MKS Instruments
- Coherent
Highlights of The Laser Technologies, Components & Applications 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 Applications
- Medical Applications
- Military Applications
- Commercial Applications
- 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 Technologies, Components & Applications 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 technologies, components and applications are the application of lasers in various industries. These include medical, industrial, aerospace and defense.
Some of the major companies in the laser technologies, components & applications market are Coherent, IPG Photonics, Trumpf, Lumentum, Jeanoptik AG, Novanta, Quantel, LasaerStar Technologies, Epilog Laser, MKS Instruments, Coherent.
The laser technologies, components & applications 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 Laser Technologies, Components & Applications 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 Technologies, Components & Applications Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Laser Technologies, Components & Applications 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 Technologies, Components & Applications 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 Technologies, Components & Applications Market Size & Forecast, 2020-2028 4.5.1 Laser Technologies, Components & Applications Market Size and Y-o-Y Growth 4.5.2 Laser Technologies, Components & Applications 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 Applications
6.2.2 Medical Applications
6.2.3 Military Applications
6.2.4 Commercial Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Technologies, Components & Applications 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 Technologies, Components & Applications 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 Applications
9.10.2 Medical Applications
9.10.3 Military Applications
9.10.4 Commercial Applications
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 Applications
10.10.2 Medical Applications
10.10.3 Military Applications
10.10.4 Commercial Applications
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 Applications
11.10.2 Medical Applications
11.10.3 Military Applications
11.10.4 Commercial Applications
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 Applications
12.10.2 Medical Applications
12.10.3 Military Applications
12.10.4 Commercial Applications
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 Applications
13.10.2 Medical Applications
13.10.3 Military Applications
13.10.4 Commercial Applications
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 Technologies, Components & Applications Market: Competitive Dashboard
14.2 Global Laser Technologies, Components & Applications 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 AG
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