Global Laser Technology Market
The GMI Research forecasts that the Laser Technology Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the surging global demand for optical communication and the rising demand for the infrared thermometer is contributing to the market growth.
Introduction of the Laser Technology Market:
A laser is referred to as a device that discharges a beam of lucid light through a process of optical exaptation based on the therapeutic emission of electromagnetic radiation. The word “laser” stands for Light Amplification by Stimulated Emission of Radiation and consists of various components that include gain medium, laser pumping energy, high reflector, the output coupler, and laser beam. These devices use light for storing, transferring, and printing images and text.
Key Players of the Global Laser Technology Market:
- Han’s Laser Technology Industry Group Co., Ltd.
- Laser Star Technologies Corporation
- Novanta Inc.
- Lumentum Operations LLC
- IPG Photonics Corporation
- Epilog Laser
- Lumibird
- Jenoptik Group
- TRUMPF Group
- Coherent, Inc.
Laser Technology Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Growth in the laser technology market is driven by the better performance of laser over conventional material processing techniques, the growing demand for economical technology, and augmenting the production of micro and Nano devices. In addition, enormous advantages, including high accuracy with enhanced productivity and negligible impact on the environment, further strengthen the laser technology market size. This technology is ideal for optical communication; owing to its faster transmission of data, analog fiber optic networks is anticipated to fuel the growth of the target market. Furthermore, the soaring demand for laser technology in healthcare sector to achieve accuracy and precision in surgical procedures accompanied by their rising application in urology, dermatology, dentistry, and cosmetic surgery, and ophthalmology, stability of laser prices are some other factors contributing to the market growth. Additionally, their extensive employment in the defense and security sector for the research and development of laser-based weapon systems plasma-based weapon systems is propelling the laser technology market share. However, inflated deployment cost, excessive power consumption, radioactive pollution, and insufficient personnel with required technical expertise in laser technology are contemplated to obstruct the market growth.
Laser Technology Market Segmentation:
Segmentation by Type
- Solid Laser
- Liquid Laser
- Gas Laser
- Others
Segmentation by Revenue
- System Revenue
- Laser Revenue
Segmentation by Application
- Laser Processing
- Macroprocessing
- Cutting
- Drilling
- Welding
- Marking and Engraving
- Microprocessing
- Advance Processing
- Optical Communications
- Others
Segmentation by End-User Industry
- Telecommunication
- Industrial
- Semiconductor & Electronics
- Commercial
- Aerospace & Defence
- Automotive
- Medical
- Research
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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