
Overview:
The laser technology relies on the storing of light that can be used to transfer, or print images and text. But its application has a wider range and it brings in surgery and weaponry under its purview. The global laser technology market is leveraging this multifarious benefit and is expecting a rise by 6% CAGR to USD 18 billion during the forecast period (2017-2023). Market Research Future (MRFR) in a much-detailed report, recently revealed possibilities that the Laser Technology Market could achieve and probabilities that the market could enjoy in the foreseeable future.
The global laser technology market has huge application in the defence and security segments. Various countries are developing weapons and various surveillance technologies to back the integration of laser technology market in these sectors.
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Key Players:
Some of the prominent players in the global laser technology market Coherent, Inc. (U.S.), Corning Incorporated (U.S.), IPG Photonics Corp. (U.S.), Micron Laser Technology (U.S.), Trumpf Group (Germany), Laser Technology, Inc. (U.S.), Lumentum Holdings Inc. (U.S.), Haas Laser Technologies Inc. (U.S.), Jeanoptik AG (Germany), Novanta Inc. (U.S.), Quantel Group (U.K), LasaerStar Technologies Corp. (U.S.), ALT Advanced Lazer Technologies (U.K), Applied Laser Technology, Inc. (U.S.), Epilog Laser (U.S.), NeoPhotonics Corporation (U.S.), Han's Laser Technology Co., Ltd (China), MKS Instruments (U.S.), among others.
Laser Technology Global Market - Regional Analysis
The Americas, Europe, Asia Pacific (APAC), and Rest of World (RoW) are regions mentioned in the geographical analysis of the laser technology market of MRFR. The demographic segmentation is an attempt to understand market dynamics.
North America has the lead that is getting tractions from its high incorporation in several industries. The industry is having a great run in the regional market due to its application in research facilities and the defence sector. The US and Canada are showing extensive support for the technology. Its healthcare sector is also working proficiently to pave the way for greater laser technology incorporation.
Europe is the second highest grossing market. Due to the presence of advanced research facilities, the region is making substantial progress. The APAC market is gaining benefits from contributions heaped by India, China, and Japan. Japan’s advanced technological system is providing high growth opportunity for the market. China is using the technology substantially to improve their manufacturing facility and heighten their defence support.
Laser Technology Global Market - Segmentation
The global laser technology market, on the basis of MRFR report, can be segmented into type, application, and verticals. The segmentation focuses on factors and figures that are having substantial influence on the global market.
Based on the type, the laser technology market includes solid laser, liquid laser, gas laser and others.
Based on applications, the laser technology market comprises laser processing, laser gyroscopes, laser rangefinders, laser headlights, laser printers, laser security systems, laser scanners, optical communication, and others. The last printer segment is gathering strong momentum as its inclusion in providing better quality prints has become quite popular among industries. Its printing accuracy and speed are quite commendable. The laser security systems segment is also achieving prominence in several defence facilities. The laser processing segment includes macro processing, micro processing, advanced processing, and others.
Based on the end-users segment, the laser technology market incorporates IT & telecommunication, healthcare, automotive, aerospace & defense, and others. The aerospace & defence segment has substantial taker due to the growing investment in the defence budget.
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TABLE OF CONTENTS
LIST OF FIGURES
FIGURE 1 Global Laser Technology Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Laser Technology Market
FIGURE 4 Value Chain Of Global Laser Technology Market
FIGURE 5 Share Of Global Laser Technology Market In 2017, By Country (In %)
FIGURE 6 Global Laser Technology Market, 2017-2023,
FIGURE 7 Sub Segments Of Type
FIGURE 8 Global Laser Technology Market Size By Applications, 2017
FIGURE 9 Share Of Global Laser Technology Market By Type, 2017 TO 2023
FIGURE 10 Global Laser Technology Market Size By Applications, 2017
FIGURE 11 Share Of Global Laser Technology Market By Type, 2017 TO 2023
FIGURE 12 Global Laser Technology Market Size By Verticals, 2017 TO 2023
FIGURE 13 Share Of Global Laser Technology Market By Verticals, 2017 TO 2023
Continued…
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