Market Research Future published a research report on “Laser Technology Industry Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Laser Technology Industry – Overview
Laser technology has come to be applied in a wide range of activities that have added positively to the development of the market. Market focused reports connected to the semiconductors and electronics industry among others lately have been made available by Market Research Future which publishes reports in this industry. The Laser Technology Industry is anticipated to achieve USD 18 billion approximately in terms of revenue by 2023 while growing at a CAGR of 6 percent in the forecast period.
Laser technology has penetrated into many of the products that are being used on a daily basis. Blu-Ray, bar code scanners and DVD players are a few of the popular products that employ laser technology to a great extent. Rising demand from the manufacturing industry and surgical procedures such as LASIK have increased the demand for the development of laser technology in the recent years. Increasing demand for optical communication is the driving the progress of the laser technology market at a greater level. The sector is expected to benefit from the investment inflows from current market players as well new investors in the market throughout the forecast period.
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Some of the prominent players in the Laser Technology Industry 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 - Segmentation
The laser technology market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Type: Solid Laser, Liquid Laser, Gas Laser among others.
- Segmentation by Application: Laser Processing, Laser Gyroscopes, Laser Printers, Laser Scanners, Laser Rangefinders, Laser Headlights, Laser Security Systems, Optical Communication and others.
- Segmentation by End – User: IT & telecommunication, aerospace & defense, healthcare, automotive, among others
- Segmentation by Regions: Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
Laser Technology Global Market - Regional Analysis
North America is dominating the global laser technology market with the largest market share due to increasing demand wireless laser connections, which is gaining demand in laser technology market and is expected to gain growth by 2023. Global Laser Technology market in European market is expected to grow at a substantial high CAGR during 2017 to 2023 due to increasing implementation of material processing applications in manufacturing sectors. The Asia Pacific market for laser technology market is expected to grow at a considerable CAGR (2017-2023).
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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
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