Laser Technology Market: Global Industry Analysis and Forecast (2021 – 2027)

Laser Technology Market was valued at US$ 11.7 Bn. in 2020 and is expected to reach US$ 24.6 Bn. by 2027, at a CAGR of 11.2% during a forecast period.

Laser Technology Market Overview:

The term laser refers to light amplification via stimulated emission of radiation. It is a device that uses optical amplification to generate a beam of light with a single wavelength. There are various types of lasers available, including solid-state lasers, gas lasers, fiber lasers, dye lasers, and diode lasers. A laser beam is created by collecting energy from an electrical current and activating electrons in specific crystals. The wavelength or color of light is determined by the quantity of energy released. Laser Technology Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report. COVID19 impact on Laser Technology Market: The entire business sector is negatively impacted, reducing demand for their products. Because of the lockdowns in several nations, the manufacturing sector has been badly impacted by supply chain interruptions, a lack of workers, a lack of raw materials, and a variety of other factors, resulting in a decrease in demand for the specific firm. The pandemic had a significant impact on laser income in the medical category, as individuals avoided unnecessary medical operations and cancelled dental, eye, and cosmetic appointments. On the contrary, when a big number of office personnel converted to work-from-home models, the lasers market revenue for optical communications boosted the market's growth.

Laser Technology Market Dynamics:

The laser technology market is growing at a very high rate globally. Factors such as the rapid management of laser machine tools from many vertical industries and the growing demand for cost-effectiveness, as well as new and different markets for laser technology, are accelerating market demand. In addition, the healthcare industry has witnessed the rapid development of laser technology. It can be used in the treatment of urology, dermatology, dentistry, and ophthalmology. Sales of medical laser systems have been driven by the increasing population aging, improvements in medical infrastructure, and the increase in the number of cosmetic procedures. In addition, the increase in the output of small or micro devices, the stability of laser prices, and the improved performance of lasers relative to traditional material processing technologies are factors that promote the growth of the laser technology market. Certain restrictions and challenges will hinder the growth of the overall laser technology market. Laser Technology MarketThe increased usage of consumer electronic gadgets represents a significant opportunity for the advancement of laser technology. During the forecast period, the European laser technology market is anticipated to increase. The factors restricting market growth throughout the forecast period are a lack of skilled labor, challenges with government requirements, and uncertain regulatory compliance. In the Laser Technology Market, problems such as higher power consumption, burning, and difficulties cutting specific materials are impeding the overall market growth. Furthermore, regulatory compliances limit the growth of the Laser Technology Market. Because of its multitasking capabilities, laser technology is used in a variety of applications. High upfront investments and large venture capital funds are necessary to establish its design and infrastructure. The operation and setup procedure of laser technology is complicated, expensive, and demands tremendous resources, stifling market growth.

Laser Technology Market segment analysis:

Based on revenue, the system revenue segment is expected to dominate during the forecast period due to its prominent position in terms of market size. This can be attributed to the capability of the systems in performing a wide range of functions, which expands their usefulness across some verticals, such as industrial, commercial, automotive, and medical. The revenue of the system is generated from sales of different types of laser systems like systems for marking and engraving. Based on application, the Laser Processing segment held the largest market share of xx% in 2020. Because it is capable of delivering higher quality, reliability, and precision output than traditional mechanical systems Laser processing entails the use of a laser for purposes such as materials processing, micro processing, and advanced processing. Additionally, the growing preference of end-user sectors for laser-based material processing over traditional approaches, and increasing need for genuine end-products, and the rising demand for microelectronic devices are driving the growth of the laser processing industry. Laser Technology Market

Laser Technology Market Regional Insight:

Asia Pacific region held the largest market share of xx% in 2020. Asia Pacific is expected to have the largest market share for laser technology due to increased support for R&D investments, a large population base, and a shift in the focus of domestic and international IT companies toward the growth of cloud-based services and big data analytics in this region, which is expected to fuel the growth of the laser technology market. The continual need for cost-effective, fast-processing laser machine tools from various industries in the North American area, such as telecommunications, automotive, semiconductor, and industrial, is driving the market's significant rise. During the forecast period, North America is expected to increase significantly. Consistent breakthroughs in R&D efforts, particularly in the military and defense segment, a developing market for aesthetic laser treatments, and advancements in optical communications and data storage are all elements contributing to this region's rapid growth. Recent Developments: • Trumpf purchased a minority position in GLOphotonics, a laser technology business based in France, in January 2020. • Jenoptik, one of the world's leading companies, launched F-theta lenses appropriate for ultra-short pulse lasers in January 2020. The objective of the report is to present a comprehensive analysis of the Laser Technology market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Laser Technology market dynamics, structure by analyzing the market segments and projects the Laser Technology market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Laser Technology market make the report investor’s guide.

Laser Technology Market Scope: Inquiry Before Buying

Laser Technology Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 11.7 Bn.
Forecast Period 2021 to 2027 CAGR: 11.2 % Market Size in 2027: US $ 24.6 Bn.
Segments Covered: by Type • Carbon Dioxide Laser • Fiber Laser • Solid State Laser • Other Laser
by Revenue • Laser Revenue • System Revenue
by Application • Laser Processing • Optical Communications • Others
by End-User • Semiconductor & Electronics • Industrial • Telecommunication • Commercial • Aerospace & Defense • Others

Laser Technology Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Laser Technology Market Key Players

• Coherent • IPG Photonics • Trumpf • Lumentum • Jenoptik • Novanta • Lumibird • Laserstar • Epilog Laser • MKS Instruments • EuRoLAser • Bystronic Laser • Toptica Photonics • Photonics Industries • Han’s Laser • Gravotech • 600 Group • Focuslight Technologies • Corning Incorporated • Access Lasers Frequently Asked Questions: 1. Which region has the largest share in Laser Technology Market? Ans: Asia pacific region holds the highest share in 2020. 2. What is the growth rate of Laser Technology Market? Ans: The Laser Technology Market is growing at a CAGR of 11.2 % during forecasting period 2021-2027. 3. What segments are covered in Laser Technology market? Ans: Laser Technology Market is segmented into type, revenue, application, end user and region. 4. Who are the key players in Laser Technology market? Ans: The important key players in the Laser Technology Market are – Coherent, IPG Photonics, Trumpf, Lumentum, Jenoptik, Novanta, Lumibird, Laserstar, Epilog Laser, MKS Instruments, EuRoLAser, Bystronic Laser, Toptica Photonics, Photonics Industries, Han’s Laser. 5. What is the study period of this market? Ans: The Laser Technology Market is studied from 2020 to 2027.
1. Global Laser Technology Market: Research Methodology 2. Global Laser Technology Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Laser Technology Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Laser Technology Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Laser Technology Market Segmentation 4.1. Global Laser Technology Market, by Type (2020-2027) • Carbon Dioxide Laser • Fiber Laser • Solid State Laser • Other Laser 4.2. Global Laser Technology Market, by Revenue (2020-2027) • Laser Revenue • System Revenue 4.3. Global Laser Technology Market, by Application (2020-2027) • Laser Processing • Optical Communications • Others 4.4. Global Laser Technology Market, by End user (2020-2027) • Semiconductor & Electronics • Industrial • Telecommunication • Commercial • Aerospace & Defense • Others 5. North America Laser Technology Market(2020-2027) 5.1. North America Laser Technology Market, by Type (2020-2027) • Carbon Dioxide Laser • Fiber Laser • Solid State Laser • Other Laser 5.2. North America Laser Technology Market, by Revenue (2020-2027) • Laser Revenue • System Revenue 5.3. North America Laser Technology Market, by Application (2020-2027) • Laser Processing • Optical Communications • Others 5.4. North America Laser Technology Market, by End user (2020-2027) • Semiconductor & Electronics • Industrial • Telecommunication • Commercial • Aerospace & Defense • Others 5.5. North America Laser Technology Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Laser Technology Market (2020-2027) 6.1. European Laser Technology Market, by Type (2020-2027) 6.2. European Laser Technology Market, by Revenue (2020-2027) 6.3. European Laser Technology Market, by Application (2020-2027) 6.4. European Laser Technology Market, by End user (2020-2027) 6.5. European Laser Technology Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Laser Technology Market (2020-2027) 7.1. Asia Pacific Laser Technology Market, by Type (2020-2027) 7.2. Asia Pacific Laser Technology Market, by Revenue (2020-2027) 7.3. Asia Pacific Laser Technology Market, by Application (2020-2027) 7.4. Asia Pacific Laser Technology Market, by End user (2020-2027) 7.5. Asia Pacific Laser Technology Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Laser Technology Market (2020-2027) 8.1. Middle East and Africa Laser Technology Market, by Type (2020-2027) 8.2. Middle East and Africa Laser Technology Market, by Revenue (2020-2027) 8.3. Middle East and Africa Laser Technology Market, by Application (2020-2027) 8.4. Middle East and Africa Laser Technology Market, by End user (2020-2027) 8.5. Middle East and Africa Laser Technology Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Laser Technology Market (2020-2027) 9.1. Latin America Laser Technology Market, by Type (2020-2027) 9.2. Latin America Laser Technology Market, by Revenue (2020-2027) 9.3. Latin America Laser Technology Market, by Application (2020-2027) 9.4. Latin America Laser Technology Market, by End user (2020-2027) 9.5. Latin America Laser Technology Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Coherent 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. IPG Photonics 10.3. Trumpf 10.4. Lumentum 10.5. Jenoptik 10.6. Novanta 10.7. Lumibird 10.8. Laserstar 10.9. Epilog Laser 10.10. MKS Instruments 10.11. EuRoLAser 10.12. Bystronic Laser 10.13. Toptica Photonics 10.14. Photonics Industries 10.15. Han’s Laser 10.16. Gravotech 10.17. 600 Group 10.18. Focuslight Technologies 10.19. Corning Incorporated 10.20. Access Lasers

About This Report

Report ID 25098
Category Information Technology & Telecommunication
Published Date JAN 2020
Updated Date Dec 2021
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