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Global Laser Technology Market Share, Size, Trends, Growth: By Laser Type: Solid-State Lasers, Gas Lasers, Liquid Lasers, Others; By Application: Laser Processing, Optical Communications, Others; By End User: Telecommunications, Semiconductor and Electronics, Manufacturing, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Laser Technology Market Outlook
The global laser technology market is expected to develop at a CAGR of 8.6% during 2024-2032. Many products used every day have laser as a key element. For example, products such as DVD and Blu-Ray players use laser technology to read data from disks.
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Bar code scanners depend on lasers for processing info. In surgical procedures like LASIK, laser is used. Lasers have important applications in manufacturing, including engraving, cutting, drilling and marking. Europe, North America, and Asia are likely to be significant markets.
Global Market Likely to be Driven by Applications Across Domains
Laser (Light Amplification by Stimulated Emission of Radiation) is a device emitting a beam of coherent light via an optical amplification process. Applications of laser extend to industrial applications such as welding, cutting, marking, medical applications such as scanning and precision tool manufacturing, luxury industry (finishing, imprinting), and many others. The key elements of laser include laser pumping energy, gain medium, the output coupler, high reflector, and laser beam. Since its inception, laser has been used widely in many domains due to its prowess to concentrate power precisely; with time, laser sources have been customized for a wider range of applications and quicker operational speed. Different types of lasers include fibre lasers, chemical lasers, gas lasers, dye lasers, solid state lasers, photonic crystal lasers, diode lasers and excimer lasers.
Laser Technology Enables Accurate Measurement
In modern usage, laser has an important place in the domain of measurement; lasers are used to achieve highly accurate results in gauging large and small distances. In industrial cutting processes, laser technology is employed to generate heat. In surgery, laser is widely and effectively employed to treat kidney and gallbladder stones. In chemistry, lasers are employed as a diagnostic tool and to induce chemical reactions. These also element isotope separation. Dye lasers, carbon dioxide lasers, excimer lasers, and Nd: YAG lasers are generally employed in chemical applications. Such applications are expected to boost the global laser technology industry.
Laser Technology has Useful Applications to Industry
Laser technology is of great use to industry; it is extensively used scan and process materials (cutting, welding, alloying, glazing, non-destructive testing, cladding, and others). Lasers have important uses in aligning structures like large buildings, bridges, pipes, tunnels, mines, etc. With the advent of laser, drilling techniques employed to drill holes in diamonds have witnessed significant change. This has transformed processes related to making bow moulds, gems, turbine blades for jet engines, etc. Laser is extensively employed to cut metal, plastic, ceramic, cloth, cardboard, etc. Such uses are likely to drive the global laser technology market.
Leaser annealing of solar cells enhances performance. Lasers may be employed to directly write on silicon wafers, and patterns for making integrated circuits. While laser is employed to mark on plastic and metal products, bar codes on goods are read with the help of laser scanners; lasers are also used to check precision elements, recognize goods in moving trains, and read texts and documents.
Laser Technology has Important Applications in Medicine
In the medical domain, laser technology is used for important applications, including cutting of tissue. Use of laser may prevent injury, decrease the probability of injury, and lower damage to surrounding cells. Laser is commonly used to forge detached retina into choroid. It is also used in eye conditions including macular degeneration, diabetic rehabilitation, and bleeding. Accuracy offered by laser is very useful in cardiac surgery and neurological intervention. A fibre-optic endoscope equipped with a laser helps treat haemorrhagic ulcers without the need to make an opening in the body.
Advancements in Technology Expected to Drive Market Growth
In 2023, it was reported that ES Precision enabled the tracking of dental tools without having to resort to label application or hard-to-read serial numbers. The laser marks were clear, permanent, clear and withstood repeated autoclaving.
In 2023, Rollomatic introduced LaserSmart 810XL with a powerful and innovative laser source fashioned for profile cutting and ablation of tools made of polycrystalline diamond and other ultra-hard materials. Applications included woodworking, automotive and aerospace industries.
Such developments are likely to boost the global laser technology market.
Market Segmentation
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By laser type, the market is divided into:
- Gas Lasers
- Liquid Lasers
- Solid-State Lasers
- Others
By application, the market is segmented into:
- Optical Communications
- Others
By end user, the market is classified into:
- Telecommunications
- Semiconductor and Electronics
- Manufacturing
- Aerospace and Defence
- Automotive
- Healthcare
- Others
By region, the market is divided into:
- North America
- Middle East and Africa
- Asia Pacific
- Europe
- Latin America
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Key Industry Players in the Market
The report comprehensively assesses key players in the global laser technology market; it gauges their capability, monitors latest occurrences such as mergers and acquisitions, capacity expansions, and plant turnarounds:
- Corning Incorporated
- Coherent, Inc.
- IPG Photonics Corporation
- 600 Group PLC
- Jenoptik AG
- Lumibird
- Others
Employing Using Porter’s Five Forces model and SWOT analysis, the EMR report offers deep insights into the industry.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Laser Type |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Laser Technology Market Analysis
8.1 Key Industry Highlights
8.2 Global Laser Technology Historical Market (2018-2023)
8.3 Global Laser Technology Market Forecast (2024-2032)
8.4 Global Laser Technology Market by Laser Type
8.4.1 Solid-State Lasers
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Gas Lasers
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Liquid Lasers
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Laser Technology Market by Application
8.5.1 Laser Processing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Optical Communications
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Laser Technology Market by End User
8.6.1 Telecommunications
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Semiconductor and Electronics
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Manufacturing
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Aerospace and Defense
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Automotive
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Healthcare
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2023)
8.6.6.3 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Laser Technology Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Laser Technology Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Laser Technology Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Laser Technology Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Laser Technology Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Laser Technology Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Corning Incorporated
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Coherent, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 IPG Photonics Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 600 Group PLC
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Jenoptik AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Lumibird
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Laser Technology Market: Key Industry Highlights, 2018 and 2032
2. Global Laser Technology Historical Market: Breakup by Laser Type (USD Million), 2018-2023
3. Global Laser Technology Market Forecast: Breakup by Laser Type (USD Million), 2024-2032
4. Global Laser Technology Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Laser Technology Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Laser Technology Historical Market: Breakup by End User (USD Million), 2018-2023
7. Global Laser Technology Market Forecast: Breakup by End User (USD Million), 2024-2032
8. Global Laser Technology Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Laser Technology Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Laser Technology Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Laser Technology Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Laser Technology Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Laser Technology Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Laser Technology Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Laser Technology Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Laser Technology Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Laser Technology Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Laser Technology Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Laser Technology Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Laser Technology Market Structure.
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 8.6% between 2024 and 2032.
The major drivers of the market are rising adoption in industries such as healthcare and manufacturing, growing demand for laser-based devices, and increasing use of laser technology in the automotive industry.
The key trends guiding the growth of the market include technological advancements, growing investments by governments globally, and rising adoption in developing countries.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Gas lasers, liquid lasers, and solid-state lasers, among others, are the various laser types in the market.
Laser processing, and optical communications, among others, are the primary applications in the global laser technology market.
The different end users in the market for laser technology are telecommunications, semiconductor and electronics, manufacturing, aerospace and defence, automotive, and healthcare, among others.
The major players in the market are Corning Incorporated, Coherent, Inc., IPG Photonics Corporation, 600 Group PLC, Jenoptik AG, and Lumibird, among others.
Laser refers to light amplification by stimulated emission of radiation and is a device that emits strong beams of coherent light through a process of optical amplification, which can then be combined with other technologies.
Laser technology is extensively used due to its ability to concentrate power with great precision in a short amount of time, supporting a wide range of applications across sectors.
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