Market Overview:
The global laser technology 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 laser technology in various applications such as communication, research, aerospace, medical, car and semiconductor among others. Additionally, the growing demand for lasers in industrial and other applications is also contributing to the growth of this market. However, factors such as high initial cost and limited availability of raw materials are restraining the growth of this market.
Product Definition:
Laser technology is the use of lasers to perform a task. Lasers are used in many different fields, such as manufacturing, medicine, and science. The importance of laser technology lies in its ability to provide a high level of precision and accuracy.
Solid Laser:
Solid laser technology is a class of solid-state lasers, which emerged as an alternative to the gas and liquid lasers. The solid state does not require external cooling like the gas or liquid counterparts; this property makes it more reliable for industrial applications. Solid laser’s advantages over their gaseous and liquid counterparts make them suitable for various applications in material processing, welding, cutting, drilling etc.
Liquid Laser:
Liquid laser is a special type of laser that uses liquid as its medium to generate light. It operates at a very low frequency and has the ability to produce extremely high temperatures. These lasers are used in various applications such as welding, cutting, marking & engraving, drilling etc. The growing demand for these lasers in industrial applications is expected to drive the market over the forecast period.
Application Insights:
The research segment dominated the global laser technology market in 2017, accounting for over 40% of the revenue share. The growth can be attributed to increasing R&D activities by major players in order to meet growing demand from research laboratories across the world. Solid-state lasers are widely used for scientific and medical applications as they offer high beam quality, efficiency, and stability. Moreover, technological advancements have enabled manufacturers to design compact devices that operate at higher temperatures with superior performance.
The communication segment is expected register a significant CAGR during the forecast period owing to its widespread use in fiber optics applications including data transmission through optical fibers and light pulses via lasers on satellite communications & wireless networks etc.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major players such as: China National Nuclear Corporation (CNNC), General Atomic, Toshiba, Samsung, LG Chem, and Panasonic. These companies are involved in extensive research activities to develop advanced lasers based products that can be used across a broad range of applications.
In addition, growing demand for consumer electronics with high performance features will drive industry growth over the next eight years. Furthermore rising investments by countries such as Japan and South Korea coupled with government initiatives aimed at developing domestic laser technology capabilities will further propel industry expansion over this period.
Growth Factors:
- Increasing demand for laser technology in the medical sector for surgeries and treatments.
- Growing demand from the automotive industry for laser-based systems to manufacture advanced components.
- Proliferation of lasers in consumer electronics applications such as printers, scanners, and optical mice.
- Rising demand from the defense sector for sophisticated laser systems used in missile guidance and target detection/tracking applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Technology Market Research Report
By Type
Solid Laser, Liquid Laser, Gas Laser
By Application
Communication, Research, Aerospace, Medical, Car, Semiconductor, Industrial, Other
By Companies
Coherent, IPG Photonics, Trumpf, Lumentum Holdings, Jeanoptik, Novanta, Quantel, Laserstar Technologies, Epilog Laser, Mks Instruments
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Laser Technology Market Report Segments:
The global Laser Technology market is segmented on the basis of:
Types
Solid Laser, Liquid Laser, Gas Laser
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
Communication, Research, Aerospace, Medical, Car, Semiconductor, Industrial, Other
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 Holdings
- Jeanoptik
- Novanta
- Quantel
- Laserstar Technologies
- Epilog Laser
- Mks Instruments
Highlights of The Laser Technology 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:
- Solid Laser
- Liquid Laser
- Gas Laser
- By Application:
- Communication
- Research
- Aerospace
- Medical
- Car
- Semiconductor
- Industrial
- Other
- 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 Technology 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 technology is a method of producing a focused, coherent beam of light by using a laser. Lasers are used in many different applications, including medical diagnosis and treatment, industrial manufacturing and materials processing, and optical communications.
Some of the key players operating in the laser technology market are Coherent, IPG Photonics, Trumpf, Lumentum Holdings, Jeanoptik, Novanta, Quantel, Laserstar Technologies, Epilog Laser, Mks Instruments.
The laser technology market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laser Technology Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laser Technology Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laser Technology Market - Supply Chain
4.5. Global Laser Technology Market Forecast
4.5.1. Laser Technology Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laser Technology Market Size (000 Units) and Y-o-Y Growth
4.5.3. Laser Technology Market Absolute $ Opportunity
5. Global Laser Technology Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Laser Technology Market Size and Volume Forecast by Type
5.3.1. Solid Laser
5.3.2. Liquid Laser
5.3.3. Gas Laser
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Laser Technology Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Laser Technology Market Size and Volume Forecast by Application
6.3.1. Communication
6.3.2. Research
6.3.3. Aerospace
6.3.4. Medical
6.3.5. Car
6.3.6. Semiconductor
6.3.7. Industrial
6.3.8. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Laser Technology Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Laser Technology Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Laser Technology Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Laser Technology Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Laser Technology Demand Share Forecast, 2019-2026
9. North America Laser Technology Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Laser Technology Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Laser Technology Market Size and Volume Forecast by Application
9.4.1. Communication
9.4.2. Research
9.4.3. Aerospace
9.4.4. Medical
9.4.5. Car
9.4.6. Semiconductor
9.4.7. Industrial
9.4.8. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Laser Technology Market Size and Volume Forecast by Type
9.7.1. Solid Laser
9.7.2. Liquid Laser
9.7.3. Gas Laser
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Laser Technology Demand Share Forecast, 2019-2026
10. Latin America Laser Technology Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Laser Technology Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Laser Technology Market Size and Volume Forecast by Application
10.4.1. Communication
10.4.2. Research
10.4.3. Aerospace
10.4.4. Medical
10.4.5. Car
10.4.6. Semiconductor
10.4.7. Industrial
10.4.8. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Laser Technology Market Size and Volume Forecast by Type
10.7.1. Solid Laser
10.7.2. Liquid Laser
10.7.3. Gas Laser
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Laser Technology Demand Share Forecast, 2019-2026
11. Europe Laser Technology Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Laser Technology Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Laser Technology Market Size and Volume Forecast by Application
11.4.1. Communication
11.4.2. Research
11.4.3. Aerospace
11.4.4. Medical
11.4.5. Car
11.4.6. Semiconductor
11.4.7. Industrial
11.4.8. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Laser Technology Market Size and Volume Forecast by Type
11.7.1. Solid Laser
11.7.2. Liquid Laser
11.7.3. Gas Laser
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Laser Technology Demand Share, 2019-2026
12. Asia Pacific Laser Technology Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Laser Technology Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Laser Technology Market Size and Volume Forecast by Application
12.4.1. Communication
12.4.2. Research
12.4.3. Aerospace
12.4.4. Medical
12.4.5. Car
12.4.6. Semiconductor
12.4.7. Industrial
12.4.8. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Laser Technology Market Size and Volume Forecast by Type
12.7.1. Solid Laser
12.7.2. Liquid Laser
12.7.3. Gas Laser
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Laser Technology Demand Share, 2019-2026
13. Middle East & Africa Laser Technology Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Laser Technology Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Laser Technology Market Size and Volume Forecast by Application
13.4.1. Communication
13.4.2. Research
13.4.3. Aerospace
13.4.4. Medical
13.4.5. Car
13.4.6. Semiconductor
13.4.7. Industrial
13.4.8. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Laser Technology Market Size and Volume Forecast by Type
13.7.1. Solid Laser
13.7.2. Liquid Laser
13.7.3. Gas Laser
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Laser Technology Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Laser Technology Market: Market Share Analysis
14.2. Laser Technology Distributors and Customers
14.3. Laser Technology Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Coherent
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. IPG Photonics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Trumpf
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lumentum Holdings
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jeanoptik
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Novanta
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Quantel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Laserstar Technologies
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Epilog Laser
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mks Instruments
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
