Laser Technology Market Size, Share, Analysis 2029

Report Code SE 2726
Published in Apr, 2024, By MarketsandMarkets™
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Laser Technology Market Size, Share & Industry Growth Analysis by Laser Type (Solid, Gas, Liquid), Configuration (Fixed, Moving, Hybrid), Application (Laser Processing, Optical Communication), Vertical (Telecommunications, Automotive, Medical, Industrial) and Region - Global Forecast to 2029

Overview of the Laser Technology Market Report

The global laser technology market size is estimated to be valued at USD 20.0 billion in 2024 and is anticipated to reach USD 29.5 billion by 2029, growing at a CAGR of 8.0% during the forecast period from 2024 to 2029

The market growth is ascribed to increasing demand for laser technology in healthcare vertical, better performance of laser-based techniques compared with conventional material processing methods, rising preference for laser-based material processing over traditional approaches, shift toward production of nanodevices and microdevices, growing adoption of smart manufacturing techniques.

Attractive Opportunities in the Laser Technology Market

ROW

Growth of Rest of the World region is primarily attributed to increasing demand for laser technology in health care.

Raising preference for laser-based material processing over traditional approaches

Contracts, acquisitions, agreements, product launches, expansions, and partnerships are expected to offer lucrative growth opportunities for the market players.

The solid laser type to dominate the market throughout the forecast period

The telecommunications vertical expected to account for the largest share of the market during the forecast period.

Global Laser Technology Market Dynamics

Driver: Increasing demand for laser technology in healthcare vertical

The healthcare industry is witnessing a substantial surge in the demand for laser technology due to its diverse applications and transformative impact on medical practices. In the healthcare vertical, laser technology has significant applications in urology, dermatology, dentistry, and ophthalmology. Laser technology advances medical care by offering precise, effective, and minimally invasive solutions for diagnosis, treatment, and surgery across various medical specialties. Ongoing research and innovation in laser technology are expected to expand its applications further and improve healthcare outcomes in the future.As in February 2023, the newest laser therapy to remove blockages in heart blood vessel was introduced for the first time in Central India. laser therapy in which a catheter that emits high energy light is used to unblock arteries. It vapourizes blockages and clears vessels without hurting the walls of vessels.

Noninvasive methods of body contouring and fat reduction are gaining popularity. Transdermal focused ultrasound, monopolar radiofrequency (RF), high-intensity focused ultrasound (HIFU), and cry lipolysis are advanced techniques used for body contouring and fat reduction. Furthermore, fractionation treatments are leading to improvements in skin treatment procedures. Laser technology helps minimize bleeding and pain and leads to faster healing of human tissues. Hence, the increasing number of cosmetic laser surgeries and advancements in laser technology devices and ophthalmology lasers are fueling the demand for laser technology in the healthcare vertical.

Restraint: High deployment cost

The laser technology industry faces challenge in the form of high deployment costs, which act as a barrier to widespread adoption across industries. The intricate nature of laser systems necessitates the use of specialized components, cutting-edge technologies, and strict safety measures, all of which contribute significantly to the overall deployment expenses. Research and development investments aimed at advancing laser technologies and ensuring compliance with safety standards further contribute to the high upfront costs. Quality assurance procedures, infrastructure requirements, and the need for customization to suit specific applications contribute to the overall financial commitment associated with deploying laser technology. The high deployment cost of lasers can be attributed to several factors, including the complexity of laser systems, the cost of materials and components, research and development expenses, and the specialized expertise required for design, manufacturing, and maintenance. Laser systems require specialized components such as diodes, optical elements, semiconductor materials, and control electronics. These components are often expensive to manufacture, and their high precision and quality contribute to the overall cost of laser systems.

The lack of trained personnel is another factor that is restraining the growth of the laser market. Skilled labor is essential for operating and maintaining laser systems, adding expenses related to hiring and training qualified professionals For instance, the operation of an excimer laser requires the presence of at least one trained personnel to ensure that the operator is aware of the protocols to be followed during the use of laser systems. The lack of trained staff could damage the materials involved in laser processing and lead to high time consumption.

 

Opportunity: Growing adoption of laser technology for optical communication

Optical communication uses light as a platform for transmission. Laser technology provides advantages over radio waves as light waves are packed tightly compared to sound waves. Laser fiber optics have many fibers wrapped inside a cable, in which each cable contains many laser beams. Every laser beam has the potential to carry billions of bits of data. Thus, laser technology can transfer more data per second with strong signal quality.

Laser technology enables high-speed data transmission in optical communication systems, supporting data rates ranging from gigabits per second (Gbps) to terabits per second (Tbps). High-speed laser-based communication systems are essential for meeting the increasing demand for bandwidth in modern telecommunications networks.

In the coming years, laser technology is expected to be widely used for optical communication as it can transmit multiple signals at a low loss and is monochromatic. Laser manufacturers focus on increasing the speed of lasers and decreasing the size of components to meet the demand for sophisticated optical communication applications.

Laser technology is emerging as a game-changer in satellite communications (SATCOM), enabling the creation of ultra-secure networks capable of transmitting vast amounts of data at unprecedented speeds via satellite networks and constellations. With ongoing advancements, the industry is poised for growth and collaboration, seizing the untapped potential of unconnected populations. The ability to handle the surging volume of data is a key advantage offered by laser communications, providing a significant value proposition. As in 2024 it is revealed by Breaking Defence that the project called Kepler is introduced which will bring Internet connectivity to space.

Challenge: Technical challenges associated to high-power lasers

The use of high-power lasers poses several challenges. High-power lasers, characterized by their output levels in the kilowatt (kW) to megawatt (MW) range, present several technical complexities that necessitate careful consideration in their design and operation. Enhancing the reliability and lifetime of lasers to meet the demands of industrial, medical, and aerospace applications is critical. Challenges pertaining to these applocations majorly include improving the stability of laser diodes, minimizing degradation mechanisms, and increasing component lifetimes under harsh operating conditions.High-power solid-state lasers exhibit strong thermal lensing, making achieving a high beam quality more challenging. Lasers with polarized output often compromise efficiency compared to lasers with depolarized output. Efficient heat removal and thermal management are issues that require additional measures to be resolved. High-power lasers also exhibit non-linear effects, such as Raman scattering, Brillouin scattering, and four-wave mixing.

The delivery and control of high-power laser beams pose challenges, demanding robust systems to ensure beam stability, pointing accuracy, and focus control over long distances.

Global Laser Technology Market Ecosystem Analysis

 

The Solid laser type segment accounted for the largest share of the laser technology market in 2023.

Solid laser type segment accounted for the largest share of the laser market in 2023. Solid-state lasers lead the laser market owing to their adaptability, dependability, efficiency, compactness, and safety features. They serve diverse industries like manufacturing, healthcare, defense, communication, and entertainment. Technological advancements continually enhance their performance and affordability, making them economically advantageous. With their efficient energy conversion and extended operational lifespan, solid-state lasers are widely embraced across commercial and industrial sectors. In essence, their blend of performance, reliability, and cost-effectiveness cements their position as the preferred laser technology.

The hybrid configuration segment is expected hold the largest market share during the forecast period.

Hybrid configurations in laser technology dominate the laser processing market due to their versatility, optimized performance, flexibility, and potential synergistic effects. These systems provide a wider range of capabilities, meeting a variety of processing needs across sectors by combining several laser sources, such as fiber, CO2, and solid-state lasers. They improve performance for certain jobs, improve flexibility in response to changing needs, and can result in cost savings through equipment consolidation.

Medical vertical will grow at the highest CAGR during the forecast period.

The laser technology plays a crucial role in medical procedures such as ophthalmology, dermatology, dentistry, and surgery due to its precision, minimally invasive nature, and ability to target specific tissues with high accuracy. As medical technologies progress, the market for medical lasers is expected to rise due to the growing need for laser-based procedures and treatments. Additionally, the aging population worldwide contributes to the rising demand for medical procedures, including those utilizing laser technology, to address age-related conditions such as vision impairments, skin disorders, and chronic diseases. Furthermore, continuous advancements in laser technology, including improved safety, efficacy, and accessibility of laser systems, make them more widely adopted in medical settings.

Asia Pacific holds the largest market share of the laser technology market throughout the forecast period.

Asia Pacific consists of – China, Japan, india, and South Korea. The region is home to some of the world's largest manufacturing hubs, including China, Japan, South Korea. These countries have a strong presence in industries such as automotive, electronics, semiconductors, and consumer goods, which are significant users of laser technology for applications like cutting, welding, marking, and engraving. Asia Pacific is experiencing rapid industrialization and urbanization, driving the demand for advanced manufacturing processes and technologies.

HIGHEST CAGR MARKET IN 2024
CHINA FASTEST GROWING MARKET IN THE REGION

Recent Developments of Laser Technology Market

  • In January 2024, Coherent Corp. introduced the OBIS 640 XT, a red laser module that matches the high output power, low noise, beam quality, and compact size of its existing portfolio of blue and green laser modules, which is a complete set. It also enables the high performance of SRM systems.
  • In November 2023, IPG Photonics Corporation, a global leader in fiber laser technology, collaborated with Miller Electronics Mfg. LLC, a leading worldwide manufacturer of arc welding products, is in line with its commitment to innovation, quality, and reliability. The alliance will advance laser technologies for the handheld welding market and reshape the landscape of welding tools to provide welders with powerful, efficient, and precise solutions that meet the demands of modern welding applications. This collaboration will deliver dependable solutions that welders can rely on for their critical tasks.
  • In October 2023, TRUMPF launched the TruMatic 5000 laser machine for fully automated laser-cutting, punching, and forming capabilities. This machine enables a fully automated flow of materials within the manufacturing cell, from loading and unloading the machine to removing finished parts.

Key Market Players

KEY PLAYERS IN THE LASER TECHNOLOGY MARKET

  • Gravotech marking
  • Laserstar technologies corporation
  • LUMIBIRD
  • Lumentum OPERATIONS LLC
  • MKS INSTRUMENTS
  • Novanta INC
  • Alphalas GmBH
  • Applied Laser Technology, Inc
  • Arima lasers corp.
  • Focuslight Technologies inc.
  • Inno laser technology co., ltd.
  • Nkt photonics A/s
  • Photonics Industries international.inc
  • SFX store
  • TOPTICA Photonics AG
  • Vescent

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Scope of the Report

Report Metric Details
Years Considered 2020-2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD million/billion)
Segments Covered Type, Configuration, Application, Vertical, and Region
Regions covered North America, Asia Pacific, Europe, and Rest of the World

 

Key Questions Addressed by the Report

What will be the global laser technology market size in 2024?
The laser technology market is expected to be valued at USD 20.0 billion in 2024.
Who are the global laser technology market winners?
Companies such as Coherent, Trumpf, Han’s Laser Technology Industry Group Co., Ltd, IPG Photonics and Jenoptik AG fall under the winners’ category.
Which region is expected to hold the highest global laser market share?
Asia Pacific will dominate the global laser technology market in 2024.
What are the major drivers of the laser market?
increasing demand for laser technology in healthcare vertical, better performance of laser-based techniques compared with conventional material processing methods, rising preference for laser-based material processing over traditional approaches, shift toward production of nanodevices and microdevices, growing adoption of smart manufacturing techniques.
What are the major strategies adopted by laser technology companies?
The companies have adopted product launches, acquisitions, expansions, and contracts to strengthen their position in the market.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
31
RESEARCH METHODOLOGY
35
EXECUTIVE SUMMARY
46
PREMIUM INSIGHTS
50
MARKET OVERVIEW
53
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Growing use in healthcare industry
    - High levels of precision and minimized material waste
    - Increasing preference for laser-based material processing over conventional methods
    - Rising production of nanodevices and microdevices
    - Adoption of smart manufacturing techniques
    - Growing demand in automotive and manufacturing sectors
    RESTRAINTS
    - High deployment cost
    - Shortage of skilled professionals
    OPPORTUNITIES
    - Application of laser spectroscopy and imaging technologies in various verticals
    - Deployment in optical communication
    - Ongoing advancements in satellite communications
    - Growing applications in research and development
    CHALLENGES
    - Environmental concerns associated with processing and extraction of rare-earth metals
    - Requirement for wall plug with high efficiency for long-term CW operations
    - Contamination of materials during laser welding process
  • 5.3 SUPPLY CHAIN ANALYSIS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 INVESTMENT AND FUNDING SCENARIO
  • 5.6 PRICING ANALYSIS
    AVERAGE SELLING PRICE OF FIBER LASERS, 2020−2029
    AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE, 2023
    AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION
  • 5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGY
    - Adjustable mode beam lasers
    - Additive manufacturing locus beam control
    COMPLEMENTARY TECHNOLOGY
    - LiDAR
    ADJACENT TECHNOLOGY
    - Quantum cascade lasers
  • 5.9 PORTER'S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
    KEY BUYING CRITERIA FOR TOP THREE VERTICALS
  • 5.11 CASE STUDY ANALYSIS
    FORMER DSTL INVENTORS MAKE LASER DETECTION AND PROTECTION SYSTEMS FOR DEFENSE AND SECURITY INDUSTRIES
    LASER MANUFACTURER COLLABORATES WITH DENTON VACUUM TO INTRODUCE E-BEAM EVAPORATION FOR LASER BAR FACET AR AND HR COATING
    LASER MARKING TECHNOLOGIES CREATE MATERIALS THAT ABSORB INFRARED WAVELENGTH
  • 5.12 TRADE ANALYSIS
    IMPORT DATA
    EXPORT DATA
  • 5.13 PATENT ANALYSIS
  • 5.14 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.15 REGULATORY LANDSCAPE AND STANDARDS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    STANDARDS
    - IEC 60825-1:2014
    - ANSI Z136.1
    - Federal Laser Product Performance Standard (FLPPS)
    - International Commission on Non-Ionizing Radiation Protection (ICNIRP)
    - EN 60825 – Safety of Laser Products
    - FDA Standards
RECENT TRENDS AND IMPLEMENTATION AREAS OF LASER TECHNOLOGY
90
  • 6.1 INTRODUCTION
  • 6.2 RECENT TRENDS IN LASER TECHNOLOGY
    FEMTOSECOND LASERS
    GREEN AND ULTRAFAST LASERS
    LASER SURFACE TEXTURING
    LASER CLEANING AND COATING REMOVAL
    LASER SAFETY TECHNOLOGIES
    SMART MANUFACTURING AND INDUSTRY 4.0 TECHNOLOGY INTEGRATION
  • 6.3 IMPLEMENTATION AREAS OF LASER TECHNOLOGY
    LASER PRINTERS
    LASER GYROSCOPES
    LASER HEADLIGHTS
    LASER RANGEFINDERS
    LASER SECURITY SYSTEMS
    OTHER IMPLEMENTATION AREAS
LASER PROCESSING COMPONENTS
94
  • 7.1 INTRODUCTION
  • 7.2 LASER SYSTEMS
  • 7.3 LASERS
LASER TECHNOLOGY MARKET, BY LASER TYPE
97
  • 8.1 INTRODUCTION
  • 8.2 SOLID LASERS
    FIBER LASERS
    - Widespread use in telecommunications for transmitting data to drive market
    RUBY LASERS
    - Ability to offer short bursts of high-intensity light with no wastage of material to accelerate demand
    YTTRIUM ALUMINUM GARNET (YAG) LASERS
    - Growing demand for high-energy laser beams to fuel market growth
    SEMICONDUCTOR LASERS
    - Increasing applications in metrology, spectroscopy, and laser material processing to boost demand
    THIN-DISK LASERS
    - Ability to produce high output powers with good beam quality to accelerate demand
  • 8.3 LIQUID LASERS
    RISING APPLICATION IN REMOTE SENSING AND MAPPING TECHNOLOGIES TO BOOST DEMAND
  • 8.4 GAS LASERS
    CO2 LASERS
    - Growing deployment in military sector to boost demand
    EXCIMER LASERS
    - Increasing demand for material processing and industrial applications to drive market
    HELIUM-NEON LASERS
    - Low cost and ease of use to boost demand
    ARGON LASERS
    - Rising use in medical procedures to accelerate demand
    CHEMICAL LASERS
    - Growing applications in directed energy weapons and anti-missile systems to drive market
  • 8.5 OTHER LASER TYPES
LASER TECHNOLOGY MARKET, BY CONFIGURATION
113
  • 9.1 INTRODUCTION
    FIXED BEAMS
    - Increasing use for cutting and welding metals to drive market
    MOVING BEAMS
    - Requirement for rapid and precise laser beam movements to foster segmental growth
    HYBRID BEAMS
    - Need for enhanced efficiency and flexibility of laser technology to expedite segmental growth
LASER TECHNOLOGY MARKET, BY APPLICATION
117
  • 10.1 INTRODUCTION
  • 10.2 LASER PROCESSING
    GROWING UTILIZATION OF LASER SURFACE ALLOYING IN AUTOMOTIVE AND AEROSPACE INDUSTRIES TO DRIVE MARKET
    MACRO PROCESSING
    - Cutting
    - Drilling
    - Welding
    - Marking and engraving
    MICROPROCESSING
    ADVANCED PROCESSING
  • 10.3 OPTICAL COMMUNICATION
    GROWING DEMAND IN DATA NETWORKING TO BOOST DEMAND
  • 10.4 OPTOELECTRONIC DEVICES
    RISING APPLICATION IN SENSING AND IMAGING TO DRIVE MARKET
  • 10.5 OTHER APPLICATIONS
LASER TECHNOLOGY MARKET, BY VERTICAL
129
  • 11.1 INTRODUCTION
  • 11.2 TELECOMMUNICATIONS
    GROWING ADOPTION IN FIBER OPTIC COMMUNICATION TO BOOST DEMAND
  • 11.3 INDUSTRIAL
    INTEGRATION OF LASER SYSTEMS WITH ADVANCED BEAM DELIVERY SYSTEMS AND CNC MACHINERY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR PLAYERS
  • 11.4 SEMICONDUCTOR & ELECTRONICS
    GROWING DEMAND FOR MINIATURIZED SEMICONDUCTOR COMPONENTS TO BOOST DEMAND
    MEMORY CHIPS
    MICROPROCESSORS
    PHOTONIC INTEGRATED CIRCUITS
  • 11.5 COMMERCIAL
    GROWING DEMAND FOR ENHANCED SECURITY IN SMART CARDS TO DRIVE MARKET
  • 11.6 AEROSPACE
    INCREASED ADOPTION FOR MACHINING AIRCRAFT PARTS TO ACCELERATE MARKET GROWTH
  • 11.7 AUTOMOTIVE
    RISING DEMAND FOR SEAM WELDING AND HIGH-STRENGTH STEEL CUTTING IN AUTOMOTIVE INDUSTRY TO FOSTER SEGMENTAL GROWTH
  • 11.8 MEDICAL
    INCREASING APPLICATION IN SURGICAL PROCEDURES TO DRIVE DEMAND
    LASER VISION CORRECTION
    CONFOCAL MICROSCOPES
    OPTOGENETICS
  • 11.9 RESEARCH
    GROWING APPLICATION IN CONFOCAL MICROSCOPY AND TWO-PHOTON MICROSCOPY TO DRIVE MARKET
  • 11.10 OTHER VERTICALS
LASER TECHNOLOGY MARKET, BY REGION
146
  • 12.1 INTRODUCTION
  • 12.2 NORTH AMERICA
    IMPACT OF RECESSION ON LASER TECHNOLOGY MARKET IN NORTH AMERICA
    US
    - Growing demand for miniature laser processing devices in healthcare industry to drive market
    CANADA
    - Government-led initiatives to develop, produce, and sell EVs to boost demand
    MEXICO
    - Rising adoption in automobile, aerospace, and electronics to accelerate demand
  • 12.3 EUROPE
    IMPACT OF RECESSION ON LASER TECHNOLOGY MARKET IN EUROPE
    GERMANY
    - Rising use in minimally invasive surgical procedures to drive market
    FRANCE
    - Increasing demand in automotive, telecommunications, and healthcare verticals to fuel market growth
    UK
    - Rising emphasis on reducing greenhouse gas emissions to fuel market growth
    REST OF EUROPE
  • 12.4 ASIA PACIFIC
    IMPACT OF RECESSION ON LASER TECHNOLOGY MARKET IN ASIA PACIFIC
    CHINA
    - Growing use in semiconductor chip manufacturing processes to propel market growth
    JAPAN
    - Presence of prominent automobile and electronic companies to drive market
    INDIA
    - Government-led projects to boost domestic manufacturing to fuel market growth
    SOUTH KOREA
    - Consumer electronics and automotive industries to offer lucrative growth opportunities for market players
    REST OF ASIA PACIFIC
  • 12.5 ROW
    IMPACT OF RECESSION ON LASER TECHNOLOGY MARKET IN ROW
    SOUTH AMERICA
    - Investments in laser technology and infrastructure to drive market
    GCC COUNTRIES
    - Growing demand for light weight cars to drive market
    AFRICA & REST OF MIDDLE EAST
    - Increasing use of EVs to offer lucrative growth opportunities for market players
COMPETITIVE LANDSCAPE
172
  • 13.1 OVERVIEW
  • 13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024
  • 13.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
  • 13.4 LASER TECHNOLOGY MARKET SHARE ANALYSIS, 2023
  • 13.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 13.6 BRAND/PRODUCT COMPARISON
  • 13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Overall company footprint
    - Laser type footprint
    - Application footprint
    - Vertical footprint
    - Region footprint
  • 13.8 COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - List of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 13.9 COMPETITIVE SCENARIOS AND TRENDS
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
191
  • 14.1 KEY PLAYERS
    COHERENT CORP.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    TRUMPF
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IPG PHOTONICS CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    JENOPTIK AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    600 GROUP PLC
    - Business overview
    - Products/Solutions/Services offered
    BYSTRONIC GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EPILOG LASER
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EUROLASER GMBH
    - Business overview
    - Products/Solutions/Services offered
    GRAVOTECH MARKING
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    LASERSTAR TECHNOLOGIES CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    LUMIBIRD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    LUMENTUM OPERATIONS LLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MKS INSTRUMENTS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    NOVANTA INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 14.2 OTHER PLAYERS
    ALPHALAS GMBH
    APPLIED LASER TECHNOLOGY, INC
    ARIMA LASERS CORP.
    FOCUSLIGHT TECHNOLOGIES INC.
    INNO LASER TECHNOLOGY CO., LTD.
    NKT PHOTONICS A/S
    PHOTONICS INDUSTRIES INTERNATIONAL.INC.
    SFX STORE
    TOPTICA PHOTONICS AG
    VESCENT
ADJACENT MARKET
246
  • 15.1 INTRODUCTION
  • 15.2 FIBER OPTICS MARKET
  • 15.3 GLASSES
    LOW INTRINSIC ABSORPTION PROPERTIES OF GLASSES TO BOOST DEMAND
  • 15.4 PLASTICS
    SUITABILITY FOR INDUSTRIAL AND AUTOMOTIVE LIGHTING APPLICATIONS TO DRIVE MARKET
APPENDIX
253
  • 16.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 16.2 DISCUSSION GUIDE
  • 16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 16.4 CUSTOMIZATION OPTIONS
  • 16.5 RELATED REPORTS
  • 16.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 ROLE OF PARTICIPANTS IN ECOSYSTEM
  • TABLE 2 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE
  • TABLE 3 LASER TECHNOLOGY MARKET: PORTER'S FIVE FORCES ANALYSIS
  • TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL (%)
  • TABLE 5 LIST OF MAJOR PATENTS APPLIED/GRANTED, 2021–2024
  • TABLE 6 LASER TECHNOLOGY MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 LASER TECHNOLOGY MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
  • TABLE 12 LASER TECHNOLOGY MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
  • TABLE 13 SOLID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 14 SOLID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 15 SOLID LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 16 SOLID LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 17 FIBER LASERS: LASER TECHNOLOGY MARKET, 2020–2023 (THOUSAND UNITS)
  • TABLE 18 FIBER LASERS: LASER TECHNOLOGY MARKET, 2024–2029 (THOUSAND UNITS)
  • TABLE 19 LIQUID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 20 LIQUID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 21 GAS LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 22 GAS LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 23 GAS LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 24 GAS LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 25 OTHER LASER TYPES: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 26 OTHER LASER TYPES: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 27 LASER TECHNOLOGY MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
  • TABLE 28 LASER TECHNOLOGY MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
  • TABLE 29 COMPARISON OF DIFFERENT LASER TECHNOLOGY CONFIGURATIONS
  • TABLE 30 LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 31 LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 32 LASER PROCESSING: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 33 LASER PROCESSING: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 34 OPTICAL COMMUNICATION: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 35 OPTICAL COMMUNICATION: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 36 OPTOELECTRONIC DEVICES: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 37 OPTOELECTRONIC DEVICES: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 38 OTHER APPLICATIONS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 39 OTHER APPLICATIONS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 40 LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 41 LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 42 TELECOMMUNICATIONS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 43 TELECOMMUNICATIONS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 44 INDUSTRIAL: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 45 INDUSTRIAL: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 46 SEMICONDUCTOR & ELECTRONICS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 47 SEMICONDUCTOR & ELECTRONICS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 48 COMMERCIAL: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 49 COMMERCIAL: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 50 AEROSPACE: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 51 AEROSPACE: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 52 AUTOMOTIVE: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 53 AUTOMOTIVE: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 54 MEDICAL: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 55 MEDICAL: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 56 RESEARCH: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 57 RESEARCH: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 58 OTHER VERTICALS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 59 OTHER VERTICALS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 60 LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 61 LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 62 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 63 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 64 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 65 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 66 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 67 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 68 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 69 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 70 EUROPE: LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 71 EUROPE: LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 72 EUROPE: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 73 EUROPE: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 74 EUROPE: LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 75 EUROPE: LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 76 EUROPE: LASER TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 77 EUROPE: LASER TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 78 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 79 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 80 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 81 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 82 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 83 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 84 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 85 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 86 ROW: LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
  • TABLE 87 ROW: LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
  • TABLE 88 ROW: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 89 ROW: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 90 ROW: LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 91 ROW: LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 92 ROW: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 93 ROW: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 94 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2022–2024
  • TABLE 95 LASER TECHNOLOGY MARKET: DEGREE OF COMPETITION, 2023
  • TABLE 96 LASER TECHNOLOGY MARKET: LASER TYPE FOOTPRINT
  • TABLE 97 LASER TECHNOLOGY MARKET: APPLICATION FOOTPRINT
  • TABLE 98 LASER TECHNOLOGY MARKET: VERTICAL FOOTPRINT
  • TABLE 99 LASER TECHNOLOGY MARKET: REGION FOOTPRINT
  • TABLE 100 LASER TECHNOLOGY MARKET: LIST OF KEY STARTUPS/SMES
  • TABLE 101 LASER TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 102 LASER TECHNOLOGY MARKET: PRODUCT LAUNCHES, SEPTEMBER 2021–JANUARY 2024
  • TABLE 103 LASER TECHNOLOGY MARKET: DEALS, SEPTEMBER 2021–JANUARY 2024
  • TABLE 104 COHERENT CORP.: COMPANY OVERVIEW
  • TABLE 105 COHERENT CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 106 COHERENT CORP.: PRODUCT LAUNCHES
  • TABLE 107 TRUMPF: COMPANY OVERVIEW
  • TABLE 108 TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 109 TRUMPF: PRODUCT LAUNCHES
  • TABLE 110 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY OVERVIEW
  • TABLE 111 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 112 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: PRODUCT LAUNCHES
  • TABLE 113 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: DEALS
  • TABLE 114 IPG PHOTONICS CORPORATION: COMPANY OVERVIEW
  • TABLE 115 IPG PHOTONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 116 IPG PHOTONICS CORPORATION: PRODUCT LAUNCHES
  • TABLE 117 IPG PHOTONICS CORPORATION: DEALS
  • TABLE 118 JENOPTIK AG: COMPANY OVERVIEW
  • TABLE 119 JENOPTIK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 120 JENOPTIK AG: PRODUCT LAUNCHES
  • TABLE 121 JENOPTIK AG: DEALS
  • TABLE 122 JENOPTIK: OTHERS
  • TABLE 123 600 GROUP PLC: COMPANY OVERVIEW
  • TABLE 124 600 GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 125 BYSTRONIC GROUP: COMPANY OVERVIEW
  • TABLE 126 BYSTRONIC GROUP: PRODUCT/SOLUTIONS/SERVICES OFFERED
  • TABLE 127 BYSTRONIC GROUP: PRODUCT LAUNCHES
  • TABLE 128 EPILOG LASER: COMPANY OVERVIEW
  • TABLE 129 EPILOG LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 130 EPILOG LASER: PRODUCT LAUNCHES
  • TABLE 131 EPILOG LASER: EXPANSIONS
  • TABLE 132 EUROLASER GMBH: COMPANY OVERVIEW
  • TABLE 133 EUROLASER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 134 GRAVOTECH MARKING: COMPANY OVERVIEW
  • TABLE 135 GRAVOTECH MARKING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 136 GRAVOTECH MARKING: PRODUCT LAUNCHES
  • TABLE 137 LASERSTAR TECHNOLOGIES CORPORATION: COMPANY OVERVIEW
  • TABLE 138 LASERSTAR TECHNOLOGIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 139 LUMIBIRD: COMPANY OVERVIEW
  • TABLE 140 LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 141 LUMIBIRD: PRODUCT LAUNCHES
  • TABLE 142 LUMIBIRD: DEALS
  • TABLE 143 LUMENTUM OPERATIONS LLC: COMPANY OVERVIEW
  • TABLE 144 LUMENTUM OPERATIONS LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 145 LUMENTUM OPERATIONS LLC: PRODUCT LAUNCHES
  • TABLE 146 LUMENTUM OPERATION LLC: DEALS
  • TABLE 147 LUMENTUM OPERATION LLC: OTHERS
  • TABLE 148 MKS INSTRUMENTS: COMPANY OVERVIEW
  • TABLE 149 MKS INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 150 MKS INSTRUMENTS: PRODUCT LAUNCHES
  • TABLE 151 MKS INSTRUMENTS: DEALS
  • TABLE 152 NOVANTA INC.: COMPANY OVERVIEW
  • TABLE 153 NOVANTA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 154 NOVANTA INC.: PRODUCT LAUNCHES
  • TABLE 155 NOVANTA INC.: DEALS
  • TABLE 156 FIBER OPTICS MARKET, BY FIBER TYPE, 2018–2021 (USD MILLION)
  • TABLE 157 FIBER OPTICS MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION)
  • TABLE 158 FIBER OPTICS MARKET, BY FIBER TYPE, 2018–2021 (MILLION FIBER KILOMETER)
  • TABLE 159 FIBER OPTICS MARKET, BY FIBER TYPE, 2022–2027 (MILLION FIBER KILOMETER)
  • TABLE 160 GLASSES: FIBER OPTICS MARKET, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 161 GLASSES: FIBER OPTICS MARKET, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 162 GLASSES: FIBER OPTICS MARKET, BY REGION, 2018–2021 (MILLION FIBER KILOMETER)
  • TABLE 163 GLASSES: FIBER OPTICS MARKET, BY REGION, 2022–2027 (MILLION FIBER KILOMETER)
  • TABLE 164 PLASTICS: FIBER OPTICS MARKET, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 165 PLASTICS: FIBER OPTICS MARKET, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 166 PLASTICS: FIBER OPTICS MARKET, BY REGION, 2018–2021 (MILLION FIBER KILOMETER)
  • TABLE 167 PLASTICS: FIBER OPTICS MARKET, BY REGION, 2022–2027 (MILLION FIBER KILOMETER)
LIST OF FIGURES
 
  • FIGURE 1 LASER TECHNOLOGY MARKET SEGMENTATION
  • FIGURE 2 LASER TECHNOLOGY MARKET: RESEARCH DESIGN
  • FIGURE 3 LASER TECHNOLOGY MARKET: RESEARCH APPROACH
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
  • FIGURE 6 LASER TECHNOLOGY MARKET SIZE ESTIMATION METHODOLOGY
  • FIGURE 7 DATA TRIANGULATION
  • FIGURE 8 LASER TECHNOLOGY MARKET, 2020−2029
  • FIGURE 9 SOLID LASERS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
  • FIGURE 10 HYBRID BEAM SEGMENT DOMINATED MARKET IN 2023
  • FIGURE 11 LASER PROCESSING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 12 TELECOMMUNICATIONS SEGMENT TO DOMINATE MARKET FROM 2024 TO 2029
  • FIGURE 13 ASIA PACIFIC CLAIMED LARGEST MARKET SHARE IN 2023
  • FIGURE 14 RISING PREFERENCE FOR LASER-BASED MATERIAL PROCESSING OVER TRADITIONAL MATERIAL PROCESSING METHODS TO DRIVE LASER TECHNOLOGY MARKET
  • FIGURE 15 LASER PROCESSING SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
  • FIGURE 16 SOLID LASERS SEGMENT TO DOMINATE MARKET IN 2029
  • FIGURE 17 TELECOMMUNICATIONS SEGMENT TO LEAD MARKET FROM 2024 TO 2029
  • FIGURE 18 INDIA TO RECORD HIGHEST CAGR IN GLOBAL LASER TECHNOLOGY MARKET DURING FORECAST PERIOD
  • FIGURE 19 LASER TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 20 GLOBAL SEMICONDUCTOR SILICON MATERIAL SALES, 2020–2022
  • FIGURE 21 LASER TECHNOLOGY MARKET: IMPACT ANALYSIS OF DRIVERS
  • FIGURE 22 LASER TECHNOLOGY MARKET: IMPACT ANALYSIS OF RESTRAINTS
  • FIGURE 23 FIBER BROADBAND SUBSCRIPTION STATISTICS FOR TOP 10 COUNTRIES, 2022
  • FIGURE 24 LASER TECHNOLOGY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
  • FIGURE 25 LASER TECHNOLOGY MARKET: IMPACT ANALYSIS OF CHALLENGES
  • FIGURE 26 LASER TECHNOLOGY MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 27 GLOBAL LASER TECHNOLOGY ECOSYSTEM
  • FIGURE 28 INVESTMENT AND FUNDING SCENARIO, 2023
  • FIGURE 29 AVERAGE SELLING PRICE OF FIBER LASERS
  • FIGURE 30 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE, 2023
  • FIGURE 31 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION, 2021−2023 (USD)
  • FIGURE 32 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
  • FIGURE 33 LASER TECHNOLOGY MARKET: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL
  • FIGURE 35 KEY BUYING CRITERIA, BY VERTICAL
  • FIGURE 36 IMPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
  • FIGURE 37 EXPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
  • FIGURE 38 NUMBER OF PATENTS APPLIED AND GRANTED, 2014–2023
  • FIGURE 39 LASER PROCESSING COMPONENTS
  • FIGURE 40 LASER TECHNOLOGY MARKET, BY LASER TYPE
  • FIGURE 41 SOLID LASERS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 42 LASER TECHNOLOGY MARKET, BY CONFIGURATION
  • FIGURE 43 MOVING BEAM SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 44 LASER TECHNOLOGY MARKET, BY APPLICATION
  • FIGURE 45 LASER PROCESSING SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 46 LASER TECHNOLOGY MARKET, BY VERTICAL
  • FIGURE 47 TELECOMMUNICATIONS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 48 INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL LASER TECHNOLOGY MARKET DURING FORECAST PERIOD
  • FIGURE 49 NORTH AMERICA: LASER TECHNOLOGY MARKET SNAPSHOT
  • FIGURE 50 EUROPE: LASER TECHNOLOGY MARKET SNAPSHOT
  • FIGURE 51 ASIA PACIFIC: LASER TECHNOLOGY MARKET SNAPSHOT
  • FIGURE 52 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
  • FIGURE 53 LASER TECHNOLOGY MARKET SHARE ANALYSIS, 2023
  • FIGURE 54 LASER TECHNOLOGY MARKET: COMPANY VALUATION
  • FIGURE 55 LASER TECHNOLOGY MARKET: FINANCIAL METRICS
  • FIGURE 56 BRAND/PRODUCT COMPARISON
  • FIGURE 57 LASER TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
  • FIGURE 58 LASER TECHNOLOGY MARKET: COMPANY FOOTPRINT
  • FIGURE 59 LASER TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
  • FIGURE 60 COHERENT CORP.: COMPANY SNAPSHOT
  • FIGURE 61 TRUMPF: COMPANY SNAPSHOT
  • FIGURE 62 HAN'S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY SNAPSHOT
  • FIGURE 63 IPG PHOTONICS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 64 JENOPTIK AG: COMPANY SNAPSHOT
  • FIGURE 65 600 GROUP PLC: COMPANY SNAPSHOT
  • FIGURE 66 BYSTRONIC GROUP: COMPANY SNAPSHOT
  • FIGURE 67 LUMIBIRD: COMPANY SNAPSHOT
  • FIGURE 68 LUMENTUM OPERATIONS LLC: COMPANY SNAPSHOT
  • FIGURE 69 MKS INSTRUMENTS: COMPANY SNAPSHOT
  • FIGURE 70 NOVANTA INC.: COMPANY SNAPSHOT
  • FIGURE 71 GLASSES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 72 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 73 ASIA PACIFIC TO DOMINATE PLASTIC FIBER OPTICS MARKET FROM 2024 TO 2029

The study involves four major activities that estimate the size of the laser technology market. Exhaustive secondary research was conducted to collect information related to the market. Following this was validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the laser market. Subsequently, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data were collected and analyzed to estimate the overall market size, further validated by primary research. The relevant data is collected from various secondary sources, it is analyzed to extract insights and information relevant to the market research objectives. This analysis has involved summarizing the data, identifying trends, and drawing conclusions based on the available information.

Primary Research

In the primary research process, numerous sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information about this report. The primary sources from the supply side included various industry experts such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from laser technology providers, (such as Coherent, Trumpf, Han’s Laser Technology Industry Group Co., Ltd, IPG Photonics and Jenoptik AG) research organizations, distributors, professional and managed service providers, industry associations, and key opinion leaders. Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. These data were collected mainly through questionnaires, emails, and telephonic interviews, accounting for 80% of the primary interviews.

Note: Other designations include sales, marketing, and product managers.

The three tiers of the companies have been defined based on their total revenue as of 2022; tier 1: revenue greater than USD 20 million, tier 2: revenue between USD 20 million and USD 10 million, and tier 3: revenue less than USD 10 million.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the laser market and other dependent submarkets listed in this report.

Data Triangulation

After estimating the overall market size, the total market was split into several segments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and gauge exact statistics for all segments. The data were triangulated by studying various factors and trends from both the demand and supply sides. The market was also validated using both top-down and bottom-up approaches.

Market Definition

Laser stands for light amplification by stimulated emission of radiation (LASER). Laser technology-based devices generate a beam of light, which is coherent, monochromatic, and aligned. They generate light through optical amplification based on the stimulated emission of electromagnetic radiation. The wavelength of laser light is purer compared to other light sources. Unlike other light sources, all the photons that develop the laser beam have a fixed-phase relationship. The light beam generated from a laser source has low divergence. Laser technology-based systems find applications in optical communication, cutting, drilling, printing, and marking and engraving. The verticals that use laser technology include commercial, telecommunications, research, aerospace & defense, healthcare, automotive, semiconductor & electronics, industrial, and others (oil & gas, iron & steel, tobacco, glass, wood, retail, and plastics).

Stakeholders

  • End users
  • Government bodies, venture capitalists, and private equity firms
  • Laser technology manufacturers
  • Laser technology distributors
  • Laser technology industry associations
  • Professional service/solution providers
  • Research institutions and organizations
  • Standards organizations and regulatory authorities related to the laser market
  • System integrators
  • Technology consultants

Report Objectives

  • To define, describe, and project the size of the global laser technology market, in terms of value, segmented based on laser type, application, product, vertical and region
  • To forecast the market size for various segments with respect to four main regions—North America, Europe, Asia Pacific, and Rest of the World (RoW)s
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
  • To analyze the micro markets with respect to individual growth trends, prospects, and contributions to the total market
  • To profile the key market players, and comprehensively analyze their market ranking and core competencies.
  • To analyze competitive developments, such as joint ventures, mergers & acquisitions, product launches, and research & development (R&D) activities, in the laser market
  • To provide the leadership mapping based on company profiles and key player strategies such as product launches and development, collaborations, expansions, and acquisitions
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
  • To provide ecosystem analysis, case study analysis, patent analysis, pricing analysis, Porter’s five forces analysis, key stakeholders & buying criteria, key conferences and events, and regulatory bodies, government agencies, and regulations pertaining to the market under study

 

Previous Versions of this Report

Laser Technology Market by Type (Solid, Liquid, Gas), Product (Laser, System), Application (Laser Processing, Optical Communication, Optoelectronic Devices), Vertical (Telecommunications, Industrial) and Region - Global Forecast to 2027

Report Code SE 2726
Published in Aug, 2022, By MarketsandMarkets™

Laser Technology Market by Type (Solid, Liquid, Gas and Others), Revenue (Laser Revenue and System Revenue), Application (Laser Processing and Optical Communications), End User, Geography – Global Forecast to 2025

Report Code SE 2726
Published in Aug, 2020, By MarketsandMarkets™

Laser Technology Market by Type (Carbon Dioxide Laser, Fiber Laser, and Solid State Laser), Revenue (Laser Revenue and System Revenue), Application (Laser Processing and Optical Communications), End User, Geography – Global Forecast to 2024

Report Code SE 2726
Published in Dec, 2018, By MarketsandMarkets™

Laser Technology Market by Type (Solid, Liquid, & Gas), Application (Optical communication & laser processing), Vertical (Commercial, Telecom, Research, Defense, Medical, Automotive, Electronics, & Industrial), & Geography - Global Forecast to 2022

Report Code SE 2726
Published in May, 2017, By MarketsandMarkets™

Laser Technology Market by Type (Solid, Liquid, Gas), Application (Optical Communication, Laser Processing), and Vertical and Geography - Analysis & Forecast to 2022

Report Code SE 2726
Published in Apr, 2016, By MarketsandMarkets™

Laser Technology Market by Type (Solid - YAG laser, Fiber laser, Thin Disk Laser, Liquid, Gas - Argon Ion Laser, Excimer, CO2 & Others), Application (Medical, Industrial, Military, Research, Consumer, & Others), and Geography - Trends & Forecast to 2013 - 2020

Report Code SE 2726
Published in Sep, 2014, By MarketsandMarkets™

Laser Technology Market by Type (Solid - YAG laser, Fiber laser, Thin Disk Laser, Liquid, Gas - Argon Ion Laser, Excimer, CO2 & Others), Application (Medical, Industrial, Military, Research, Consumer, & Others), and Geography - Trends & Forecast to 2013 - 2020

Report Code SE 2726
Published in Jan, 2011, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Laser Technology Market

MJ

Jun, 2019

As a medium industry player, we would like to get informative data regarding the prospects of laser application in the future market so that we can reach to our fruitful planning on the purpose of the best sales of laser equipment..

Cüneyt

Mar, 2019

I need to learn detailed laser market share from 2019 to 2025 to use in my thesis. I would be very happy especially if it's about diode lasers that is used to pump doped fiber lasers (between 808 nm and 1060 nm)..

Greg

Nov, 2013

I would like the Epilog and Universal Laser Systems and Xenetech and Gravograph and Trotec financial pages..

Jeon

Sep, 2019

I would like to research out the market size well to classify the technical addressable market and commercial addressable Market via our products..

Joseph

Apr, 2019

We are interested in marketing single crystals for nonlinear optics in solid state lasers especially in the UV and deep UV..

Maik

Dec, 2014

Will increase in adoption of fiber laser will affect demand of CO2 laser?.

User

Sep, 2019

Over the years, fiber laser have witnessed an increase in demand due to its low cost, high output power, and compact size. Will these fiber laser replace the prominent laser been used today including CO2 laser?.

Chris

Nov, 2015

Looking for specific information on the number of YAG and other garnets used in the USA and globally..

User

Sep, 2019

There are several harmful effects of laser medical devices such as mild skin burns, tissue damage, photochemical effects and more. These effects depends upon various factors including exposure duration, beam energy, beam wavelength, and area of exposure. In what terms, harmful effects of laser during medical treatment or surgery will affect market growth?.

Judy

Dec, 2018

Do government regulation affect adoption of lasers for food items?.

Adam

Nov, 2015

Do you have more recent data than this report, and can you provide access to analyst who wrote it for a Q&A to dig deeper into specific sectors: we are particularly dealing at medical, surface treatment, YAG, fiber and ultrafast. The project has some urgency and your quick response would be appreciated..

User

Sep, 2019

Dot peen marking offers several advantages in terms of low-stress marking, adjustable marking length, ability to mark through any coating, and dot peen marking can be programmable for fully automated marking. How dot peen marking affect adoption of laser for marketing and engraving application?.

Andrew

Oct, 2015

Hi, I am an analyst at CCMP Capital. We are currently researching the laser market and found your report, “Laser Technology Market by Type, Application, and Geography - Trends & Forecast to 2013 - 2020” online. Do you have a sample of the report you could send us? We are in the initial stages of our research and want to get some preliminary understanding of the market before we proceed..

User

Nov, 2019

Recent trade war between China and the US have resulted in decreasing industrial output growth from several countries and global slowdown. According to an estimate, the trade war is expected to lower world's GDP by 1%. Up to what extent, US China trade war will affect laser market growth?.

Giorgio

Nov, 2019

I am working on a research based on laser technologies. I am trying to have a better overview on the market share/growth and competition, present in the laser technologies sector. .

Mika

Apr, 2019

I'm writing a BSc thesis about VECSEL lasers and I'm looking for a source to cite regarding the current size of the laser technology market..

User

Mar, 2019

Solid and fiber laser uses rare earth elements such as chromium, erbium, neodymium and others. Extraction of these rare earth materials can cause hazardous environment impacts. Also the raw supply can be monopolized by few countries. How government regulation regarding raw material mining and extraction for laser raw material will affect the market growth?.

Liu

Feb, 2019

We are working on Indian laser development to judge whether we can have some corporation on the engineer or academic problems with India university or company..

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