Laser Technology Market

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 Aug, 2020, by marketsandmarkets.com

[193 Pages Report] The Laser technology market size is expected to grow from USD 11.7 billion in 2020 to USD 17.6 billion by 2025, at a CAGR of 8.6%. Increasing demand from healthcare vertical and Better performance of lasers over traditional material processing techniques are the key factors driving the growth of the Laser technology market.

Laser Technology Market

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Market for solid type lasers to hold largest share during the forecast period

The market for solid lasers accounted for the largest size in 2019. A solid laser is the one that consists of an active medium in the solid form. The active medium in a solid laser comprises a glass or crystalline host material, which is later doped using rare earth materials, such as neodymium, chromium, erbium, or ytterbium. Solid lasers use a solid material as the active medium, and the upper energy levels of ions are without any radiation; however, when the energy transition takes place, the metastable upper laser level is reached. This is the point where emission occurs, resulting in lasing. Solid lasers prevent the wastage of materials in the active medium and produce both continuous and pulsed output at a higher efficiency than He-Ne and argon lasers by about 2% to 3%.

Market for system revenue to hold largest share during forecast period

The market for system revenue  is estimated to account for a larger share of the overall laser technology market, in 2019. System revenue covers the revenue generated from the sales of several types of laser systems for marking & engraving, welding & brazing, cutting & scribing, drilling, cladding & coating, annealing, and material removal, and other multi-function laser systems. The ability of these systems to perform a wide range of functions expands their utility across several verticals, such as industrial, commercial, automotive, and medical.

Laser Technology Market  by Region

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Market in APAC to hold the largest share

In terms of value, APAC  led the laser technology  market in 2019, accounting for the largest share of the overall laser technology market, by region. The major countries contributing to the laser technology market in APAC include China, Taiwan, Japan, South Korea, Malaysia, Indonesia, Australia, Myanmar, Bangladesh, and India. APAC has been ahead in terms of adoption of laser technology products and solutions compared with other regions. The region’s increasing R&D investments, and growing manufacturing and electronics sectors are expected to drive the growth of the laser technology market.

Key Market Players

Coherent (US), IPG Photonics (US), Trumpf (Germany), Lumentum (US), Jenoptik (Germany), Novanta (US), Lumibird (France), Laser Star (US), Epilog Laser (US), Han’s Laser (China), MKS Instruments (US), Gravotech (France), 600 Group (UK), Eurolasers (Germany), Bystronic Lasers (Switzerland), Toptica Photonics (Germany), Photonics Industries (US), Focuslight Technologies (China), Corning Incorporated (US), and Access Lasers (US)   are a few major companies dominating the Wireless gas detection market.

Coherent (US): Coherent is an industrial and fiber laser solutions provider and deals in technologies such as diode-pumped solid-state laser, fiber laser, gas laser (CO, CO2, excimer, and Ion), optically pumped semiconductor laser (OPSL), semiconductor laser, and ultrafast laser. These laser technologies have applications in several verticals, including healthcare, scientific research, electronics, military & defense, and manufacturing

Trumpf (Germany): Trumpf manufactures machine tools, including machines & systems, lasers, power electronics products, power tools, and smart factory solutions, and offers software and services for automotive, manufacturing, construction, electronics, power & energy, aerospace & defense, engineering, and medical & healthcare verticals.

Han’s Laser (China): Han’s Laser was founded in 1996 and is headquartered in Guangdong Province, China. It is a laser equipment manufacturer and provides laser marking, laser welding, laser cutting, and laser cleaning machines for application in verticals such as IT, automotive, packaging, electronics & semiconductor, and energy & power.

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Units

Value (USD)

Segments covered

End-user industry, type, applications, revenue, and Geography

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Coherent, IPG Photonics, Trumpf, Lumentum, Jenoptik, Novanta, Lumibird, Laser Star, Epilog Laser, Han’s Laser, MKS Instruments, Gravotech, 600 Group, Eurolasers, Bystronic Lasers, Toptica Photonics, Photonics Industries, Focuslight Technologies, Corning Incorporated, and Access Lasers

This report categorizes the Laser technology market by end-user industry, applications, type, revenue, and geography.

By Laser Type

  • Solid
  • Liquid
  • Gas
  • Others

By Application:

By End-user Industry:

  • Telecommunications
  • Industrial
  • Semiconductor & Electronics
  • Commercial
  • Aerospace & Defense
  • Automotive
  • Medical
  • Research
  • Others

By Revenue:

  • Laser Revenue
  • System Revenue

Geographic Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • South Korea
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest of the World (RoW)
    • Middle East  & Africa
    • South America

Recent Developments

  • In November 2019, Coherent launched a switchable adjustable ring mode (ARM) fiber laser having the ability to sequentially power two separate processes or workstations..
  • In January 2020, Jenoptik launched F-theta lenses that are suitable for ultra-short pulse lasers.
  • In January 2020, Trumpf acquired a minority stake in GLOphotonics, a France-based laser technology startup.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 INCLUSIONS AND EXCLUSIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 29)
    2.1 RESEARCH DATA
        FIGURE 1 LASER TECHNOLOGY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    2.1.1.1 Key industry insights
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Breakdown of primaries
                    2.1.3.3 Primary sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for bottom-up analysis (demand side)
                            FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for top-down analysis (supply side)
                            FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 4 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 5 ASSUMPTIONS FOR THE RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 39)
  FIGURE 6 GLOBAL LASER TECHNOLOGY MARKET, 2017-2025 (USD BILLION)
  FIGURE 7 TELECOMMUNICATIONS HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET IN 2019
  FIGURE 8 SOLID LASER HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY TYPE IN 2019
  FIGURE 9 SYSTEM REVENUE TO HOLD LARGER SHARE OF LASER TECHNOLOGY MARKET, BY REVENUE IN 2019
  FIGURE 10 LASER PROCESSING HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY APPLICATION IN 2019
  FIGURE 11 LASER TECHNOLOGY MARKET, BY REGION, 2019

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES IN LASER TECHNOLOGY MARKET
        FIGURE 12 HUGE DEMAND FROM HEALTHCARE VERTICAL AND ENHANCED PERFORMANCE OVER TRADITIONAL MATERIAL PROCESSING TECHNIQUES TO PROPEL GROWTH OF LASER TECHNOLOGY MARKET
    4.2 LASER TECHNOLOGY MARKET IN APAC, BY COUNTRY AND END-USER INDUSTRY
        FIGURE 13 CHINA AND TELECOMMUNICATIONS HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET IN APAC IN 2019
    4.3 LASER TECHNOLOGY MARKET, BY REVENUE
        FIGURE 14 SYSTEM REVENUE EXPECTED TO HOLD LARGER SHARE OF LASER TECHNOLOGY MARKET, BY REVENUE IN 2025
    4.4 LASER TECHNOLOGY MARKET, BY TYPE
        FIGURE 15 SOLID LASER EXPECTED TO HOLD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY TYPE DURING FORECAST PERIOD
    4.5 LASER TECHNOLOGY MARKET, BY APPLICATION
        FIGURE 16 LASER PROCESSING EXPECTED TO HOLD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY APPLICATION IN 2025
    4.6 LASER TECHNOLOGY MARKET, BY END-USER INDUSTRY
        FIGURE 17 TELECOMMUNICATIONS EXPECTED TO HOLD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY END-USER INDUSTRY IN 2025
    4.7 LASER TECHNOLOGY MARKET, BY COUNTRY
        FIGURE 18 GERMANY HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET IN 2019

5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 19 LASER TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand from healthcare vertical
                    5.2.1.2 Better performance of lasers over traditional material processing techniques
                    5.2.1.3 Preference for laser-based material processing over traditional approaches
                    5.2.1.4 Shift toward production of nanodevices and microdevices
                            FIGURE 20 GLOBAL SEMICONDUCTOR SILICON MATERIALS SALES IN MILLION SQUARE INCHES (MSI), 2015–2018
                            FIGURE 21 LASER TECHNOLOGY MARKET DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High deployment cost and lack of personnel with required technical expertise
                            FIGURE 22 LASER TECHNOLOGY MARKET RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of laser technology in various verticals for quality check
                    5.2.3.2 Increasing use of lasers for optical communication
                            FIGURE 23 TOP 10 COUNTRIES WITH FIBER CONNECTIONS IN TOTAL BROADBAND (%) AS OF JUNE 2019
                            FIGURE 24 LASER TECHNOLOGY MARKET OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Environmental concerns over use of rare-earth elements
                    5.2.4.2 Technical complexities in high-power lasers
                            FIGURE 25 LASER TECHNOLOGY MARKET CHALLENGES AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 26 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND LASER SYSTEM INTEGRATORS
    5.4 IMPACT OF COVID-19 ON LASER TECHNOLOGY MARKET
        TABLE 1 LASER TECHNOLOGY MARKET, PRE-COVID-19 VS POST-COVID-19, 2017–2025 (USD BILLION)

6 LASER TECHNOLOGY MARKET, BY TYPE (Page No. - 58)
    6.1 INTRODUCTION
        FIGURE 27 LASER TECHNOLOGY MARKET FOR SOLID LASER TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 2 LASER TECHNOLOGY MARKET, BY LASER TYPE, 2017–2025 (USD BILLION)
    6.2 SOLID LASER
           6.2.1 SOLID LASERS PREVENT WASTAGE OF MATERIALS IN ACTIVE MEDIUM AND PRODUCE BOTH CONTINUOUS AND PULSED OUTPUT
                 TABLE 3 SOLID LASER TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)
                 TABLE 4 SOLID LASER TECHNOLOGY MARKET, BY SUBTYPE, 2017–2025 (USD BILLION)
           6.2.2 FIBER LASER
           6.2.3 RUBY LASER
           6.2.4 YTTRIUM ALUMINUM GARNET (YAG) LASER
           6.2.5 SEMICONDUCTOR LASER
           6.2.6 THIN-DISK LASER
    6.3 LIQUID LASER
           6.3.1 LIQUID LASERS HAVE BEEN GAINING TRACTION IN MILITARY SECTOR FOR ERADICATION OF SURFACE-TO-AIR THREATS
                 TABLE 5 LIQUID LASER TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)
                 TABLE 6 LIQUID LASER TECHNOLOGY MARKET, BY SUBTYPE, 2017–2025 (USD BILLION)
           6.3.2 X-RAY LASER
           6.3.3 DYE LASER
    6.4 GAS LASER
           6.4.1 IN GAS LASERS, LINEWIDTHS ARE MUCH NARROWER COMPARED WITH SOLID AND LIQUID LASERS
                 TABLE 7 GAS LASER TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)
                 TABLE 8 GAS LASER TECHNOLOGY MARKET, BY SUBTYPE, 2017–2025 (USD BILLION)
           6.4.2 CO2 LASER
           6.4.3 EXCIMER LASER
           6.4.4 HE-NE LASER
           6.4.5 ARGON LASER
           6.4.6 CHEMICAL LASER
    6.5 OTHERS
        TABLE 9 OTHER LASERS TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)

7 LASER TECHNOLOGY MARKET, BY REVENUE (Page No. - 69)
    7.1 INTRODUCTION
        FIGURE 28 LASER TECHNOLOGY MARKET FOR LASER REVENUE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
        TABLE 10 LASER TECHNOLOGY MARKET, BY REVENUE, 2017–2025 (USD BILLION)
    7.2 SYSTEM REVENUE
           7.2.1 EXTENSIVE APPLICABILITY OF LASER SYSTEMS EXPANDS THEIR UTILITY ACROSS VERTICALS SUCH AS INDUSTRIAL, COMMERCIAL, AUTOMOTIVE, AND MEDICAL
                 TABLE 11 LASER TECHNOLOGY MARKET FOR SYSTEM REVENUE, BY REGION, 2017–2025 (USD BILLION)
    7.3 LASER REVENUE
           7.3.1 LASER REVENUE COVERS REVENUE GENERATED FROM SALES OF DIFFERENT TYPES OF LASERS
                 TABLE 12 LASER TECHNOLOGY MARKET FOR LASER REVENUE, BY REGION, 2017–2025 (USD BILLION)

8 LASER TECHNOLOGY MARKET, BY APPLICATION (Page No. - 73)
    8.1 INTRODUCTION
        FIGURE 29 LASER TECHNOLOGY MARKET FOR OPTICAL COMMUNICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 13 LASER TECHNOLOGY MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
    8.2 LASER PROCESSING
           8.2.1 LASER PROCESSING INVOLVES USING LASER FOR APPLICATIONS SUCH AS MATERIALS PROCESSING, MICROPROCESSING, AND ADVANCED PROCESSING
                 TABLE 14 LASER TECHNOLOGY MARKET FOR LASER PROCESSING, BY REGION, 2017–2025 (USD MILLION)
           8.2.2 MACROPROCESSING
                    8.2.2.1 Cutting
                            TABLE 15 LASER TECHNOLOGY MARKET FOR CUTTING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                               8.2.2.1.1 Fusion cutting
                               8.2.2.1.2 Flame cutting
                               8.2.2.1.3 Sublimation cutting
                    8.2.2.2 Drilling
                            TABLE 16 LASER TECHNOLOGY MARKET FOR DRILLING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                               8.2.2.2.1 Single-pulse drilling
                               8.2.2.2.2 Percussion drilling
                               8.2.2.2.3 Trepanning drilling
                               8.2.2.2.4 Helical drilling
                    8.2.2.3 Welding
                            TABLE 17 LASER TECHNOLOGY MARKET FOR WELDING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                    8.2.2.4 Marking and engraving
                            TABLE 18 LASER TECHNOLOGY MARKET FOR MARKING & ENGRAVING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
           8.2.3 MICROPROCESSING
           8.2.4 ADVANCED PROCESSING
    8.3 OPTICAL COMMUNICATIONS
           8.3.1 LASER TECHNOLOGY DEVICES ARE USED AS HIGH-SPEED TRANSMITTERS IN ANALOG AND DIGITAL FIBER NETWORKS
                 TABLE 19 LASER TECHNOLOGY MARKET FOR OPTICAL COMMUNICATIONS, BY REGION, 2017–2025 (USD MILLION)
    8.4 OTHERS
        TABLE 20 LASER TECHNOLOGY MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)

9 LASER TECHNOLOGY MARKET, BY END-USER INDUSTRY (Page No. - 81)
    9.1 INTRODUCTION
        FIGURE 30 LASER TECHNOLOGY MARKET FOR OTHERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 21 LASER TECHNOLOGY MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
    9.2 TELECOMMUNICATIONS
           9.2.1 LASER COMMUNICATION PROVIDES HIGH DATA TRANSFER RATES WITH LOW POWER CONSUMPTION AND IS A HIGHLY SECURE MEDIUM FOR DATA TRANSMISSION
                 TABLE 22 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 23 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 24 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 25 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 26 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS IN ROW, BY REGION, 2017–2025 (USD MILLION)
    9.3 INDUSTRIAL
           9.3.1 LASER TECHNOLOGY IS USED IN VARIOUS INDUSTRIAL SECTORS, SUCH AS MINING, MANUFACTURING, AND ARCHITECTURE
                 TABLE 27 LASER TECHNOLOGY MARKET FOR INDUSTRIAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 28 LASER TECHNOLOGY MARKET FOR INDUSTRIAL IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 29 LASER TECHNOLOGY MARKET FOR INDUSTRIAL IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 30 LASER TECHNOLOGY MARKET FOR INDUSTRIAL IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 31 LASER TECHNOLOGY MARKET FOR INDUSTRIAL IN ROW, BY REGION, 2017–2025 (USD MILLION)
    9.4 SEMICONDUCTOR & ELECTRONICS
           9.4.1 LASER MARKING IS USED FOR MARKING SEMICONDUCTOR MATERIALS, SUCH AS WAFERS, MOLD COMPOUNDS, CERAMICS, INTEGRATED CIRCUITS (ICS), AND SILICON
                 TABLE 32 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 33 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 34 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 35 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 36 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS IN ROW, BY REGION, 2017–2025 (USD MILLION)
           9.4.2 MEMORY
           9.4.3 MICROPROCESSORS
           9.4.4 INTEGRATED CIRCUIT
    9.5 COMMERCIAL
           9.5.1 LASER TECHNOLOGY IS USED FOR FUNCTIONS SUCH AS PROJECTING, MARKING, AND PRINTING
                 TABLE 37 LASER TECHNOLOGY MARKET FOR COMMERCIAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 38 LASER TECHNOLOGY MARKET FOR COMMERCIAL IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 39 LASER TECHNOLOGY MARKET FOR COMMERCIAL IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 40 LASER TECHNOLOGY MARKET FOR COMMERCIAL IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 41 LASER TECHNOLOGY MARKET FOR COMMERCIAL IN ROW, BY REGION, 2017–2025 (USD MILLION)
    9.6 AEROSPACE & DEFENSE
           9.6.1 DEMAND FOR LASER TECHNOLOGY IS GROWING AS IT HELPS IN ENHANCING FUEL EFFICIENCY AND REDUCING MANUFACTURING COSTS
                 TABLE 42 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 43 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 44 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 45 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 46 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2017–2025 (USD MILLION)
           9.6.2 AEROSPACE INDUSTRY
           9.6.3 MISSILES INDUSTRY
           9.6.4 SPACE INDUSTRY
           9.6.5 COMBAT VEHICLES INDUSTRY
           9.6.6 AMMUNITION & WEAPONS INDUSTRY
    9.7 AUTOMOTIVE
           9.7.1 AUTOMOTIVE MANUFACTURERS USE LASER MARKING SYSTEMS TO IMPRINT VEHICLE IDENTIFICATION NUMBERS (VIN)
                 TABLE 47 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 48 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 49 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 50 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 51 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE IN ROW, BY REGION, 2017–2025 (USD MILLION)
    9.8 MEDICAL
           9.8.1 LASER TECHNOLOGY IS USED IN FLOW CYTOMETRY, CELL SORTING, MICROSCOPY, DNA SEQUENCING, RETINAL SCANNING, AND PLASTIC JOINING
                 TABLE 52 LASER TECHNOLOGY MARKET FOR MEDICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 53 LASER TECHNOLOGY MARKET FOR MEDICAL IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 54 LASER TECHNOLOGY MARKET FOR MEDICAL IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 55 LASER TECHNOLOGY MARKET FOR MEDICAL IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 56 LASER TECHNOLOGY MARKET FOR MEDICAL IN ROW, BY REGION, 2017–2025 (USD MILLION)
           9.8.2 LASER VISION CORRECTION
           9.8.3 CONFOCAL MICROSCOPE
           9.8.4 OPTOGENETICS
    9.9 RESEARCH
           9.9.1 LASER IS USED IN SPACE COMMUNICATION RESEARCH STUDIES
                 TABLE 57 LASER TECHNOLOGY MARKET FOR RESEARCH, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 58 LASER TECHNOLOGY MARKET FOR RESEARCH IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 59 LASER TECHNOLOGY MARKET FOR RESEARCH IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 60 LASER TECHNOLOGY MARKET FOR RESEARCH IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                 TABLE 61 LASER TECHNOLOGY MARKET FOR RESEARCH IN ROW, BY REGION, 2017–2025 (USD MILLION)
    9.10 OTHERS
         TABLE 62 LASER TECHNOLOGY MARKET FOR OTHERS, BY REGION, 2017–2025 (USD MILLION)
         TABLE 63 LASER TECHNOLOGY MARKET FOR OTHERS IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
         TABLE 64 LASER TECHNOLOGY MARKET FOR OTHERS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
         TABLE 65 LASER TECHNOLOGY MARKET FOR OTHERS IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
         TABLE 66 LASER TECHNOLOGY MARKET FOR OTHERS IN ROW, BY REGION, 2017–2025 (USD MILLION)

10 LASER PROCESSING CONFIGURATIONS (Page No. - 103)
     10.1 TYPES OF CONFIGURATION FOR LASER PROCESSING
             10.1.1 FIXED BEAM
             10.1.2 MOVING BEAM
             10.1.3 HYBRID

11 GEOGRAPHIC ANALYSIS (Page No. - 104)
     11.1 INTRODUCTION
          FIGURE 31 GEOGRAPHIC SNAPSHOT: LASER TECHNOLOGY MARKET
          FIGURE 32 ROW TO WITNESS HIGHEST CAGR IN LASER TECHNOLOGY MARKET DURING FORECAST PERIOD
          TABLE 67 LASER TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)
     11.2 NORTH AMERICA
          FIGURE 33 SNAPSHOT OF LASER TECHNOLOGY MARKET IN NORTH AMERICA
          TABLE 68 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD BILLION)
          TABLE 69 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 70 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY LASER TYPE, 2017–2025 (USD BILLION)
          TABLE 71 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
          TABLE 72 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY REVENUE, 2017–2025 (USD BILLION)
             11.2.1 US
                        11.2.1.1 Key factors driving growth of laser technology market in US include deployment of laser weapons in defense and use of laser in medical procedures
                                 TABLE 73 LASER TECHNOLOGY MARKET IN US, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.2.2 CANADA
                        11.2.2.1 Laser technology market in Canada is fueled by demand for lasers from aerospace & defense industry
                                 TABLE 74 LASER TECHNOLOGY MARKET IN CANADA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.2.3 MEXICO
                        11.2.3.1 Laser technology market in Mexico has gained momentum with rapid adoption of automation in industrial manufacturing sector
                                 TABLE 75 LASER TECHNOLOGY MARKET IN MEXICO, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     11.3 EUROPE
          FIGURE 34 SNAPSHOT OF LASER TECHNOLOGY MARKET IN EUROPE
          TABLE 76 LASER TECHNOLOGY MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD BILLION)
          TABLE 77 LASER TECHNOLOGY MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 78 LASER TECHNOLOGY MARKET IN EUROPE, BY LASER TYPE, 2017–2025 (USD BILLION)
          TABLE 79 LASER TECHNOLOGY MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
          TABLE 80 LASER TECHNOLOGY MARKET IN EUROPE, BY REVENUE, 2017–2025 (USD BILLION)
             11.3.1 GERMANY
                        11.3.1.1 Presence of prominent automotive and medical companies is expected to support growth of laser technology market in Germany
                                 TABLE 81 LASER TECHNOLOGY MARKET IN GERMANY, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.3.2 FRANCE
                        11.3.2.1 Automotive, telecommunications, and healthcare verticals to present promising growth opportunities in France
                                 TABLE 82 LASER TECHNOLOGY MARKET IN FRANCE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.3.3 UK
                        11.3.3.1 Technological developments in electronics are bringing significant changes in almost all verticals
                                 TABLE 83 LASER TECHNOLOGY MARKET IN UK, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.3.4 REST OF EUROPE
                    TABLE 84 LASER TECHNOLOGY MARKET IN REST OF EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     11.4 ASIA PACIFIC
          FIGURE 35 SNAPSHOT OF LASER TECHNOLOGY MARKET IN APAC
          TABLE 85 LASER TECHNOLOGY MARKET IN APAC, BY COUNTRY, 2017–2025 (USD BILLION)
          TABLE 86 LASER TECHNOLOGY MARKET IN APAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 87 LASER TECHNOLOGY MARKET IN APAC, BY LASER TYPE, 2017–2025 (USD MILLION)
          TABLE 88 LASER TECHNOLOGY MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
          TABLE 89 LASER TECHNOLOGY MARKET IN APAC, BY REVENUE, 2017–2025 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 Laser technology is extensively used in automobile manufacturing in China
                                 TABLE 90 LASER TECHNOLOGY MARKET IN CHINA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.4.2 JAPAN
                        11.4.2.1 Increasing demand for electric and hybrid cars would aid growth of laser technology in automotive vertical
                                 TABLE 91 LASER TECHNOLOGY MARKET IN JAPAN, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.4.3 INDIA
                        11.4.3.1 Indian government’s initiatives to encourage domestic manufacturing are expected to drive growth of laser technology market
                                 TABLE 92 LASER TECHNOLOGY MARKET IN INDIA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.4.4 SOUTH KOREA
                        11.4.4.1 South Korea has emerged as third-largest laser technology market in APAC
                                 TABLE 93 LASER TECHNOLOGY MARKET IN SOUTH KOREA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.4.5 REST OF APAC
                    TABLE 94 LASER TECHNOLOGY MARKET IN REST OF APAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     11.5 REST OF THE WORLD
          FIGURE 36 SNAPSHOT OF LASER TECHNOLOGY MARKET IN ROW
          TABLE 95 LASER TECHNOLOGY MARKET IN ROW, BY REGION, 2017–2025 (USD BILLION)
          TABLE 96 LASER TECHNOLOGY MARKET IN ROW, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 97 LASER TECHNOLOGY MARKET IN ROW, BY LASER TYPE, 2017–2025 (USD BILLION)
          TABLE 98 LASER TECHNOLOGY MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
          TABLE 99 LASER TECHNOLOGY MARKET IN ROW, BY REVENUE, 2017–2025 (USD BILLION)
             11.5.1 MIDDLE EAST AND AFRICA (MEA)
                        11.5.1.1 Increasing use of electric vehicles in Middle East will boost demand for laser processing systems from automotive in this region
                                 TABLE 100 LASER TECHNOLOGY MARKET IN MEA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             11.5.2 SOUTH AMERICA
                        11.5.2.1 Chile and Argentina are expected to witness increasing demand for laser technology solutions
                                 TABLE 101 LASER TECHNOLOGY MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 130)
     12.1 INTRODUCTION
          FIGURE 37 MAJOR PLAYERS IN LASER TECHNOLOGY MARKET ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2020
     12.2 RANKING ANALYSIS OF PLAYERS IN LASER TECHNOLOGY MARKET
          FIGURE 38 LASER TECHNOLOGY MARKET SHARE ANALYSIS 2019
     12.3 COMPETITIVE LEADERSHIP MAPPING
          FIGURE 39 LASER TECHNOLOGY MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
             12.3.1 VISIONARY LEADERS
             12.3.2 DYNAMIC DIFFERENTIATORS
             12.3.3 INNOVATORS
             12.3.4 EMERGING COMPANIES
     12.4 COMPETITIVE BENCHMARKING
             12.4.1 STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
             12.4.2 BUSINESS STRATEGY EXCELLENCE (25) COMPANIES
     12.5 COMPETITIVE SCENARIO
          FIGURE 40 MARKET EVOLUTION FRAMEWORK: PRODUCT LAUNCHES, FOLLOWED BY MERGERS & ACQUISITIONS, FUELED LASER TECHNOLOGY MARKET GROWTH (2017–2019)
             12.5.1 EXPANSIONS
                    TABLE 102 EXPANSIONS, 2017–2019
             12.5.2 PRODUCT LAUNCHES AND DEVELOPMENTS
                    TABLE 103 PRODUCT LAUNCHES AND DEVELOPMENTS, 2017–2019
             12.5.3 MERGERS & ACQUISITIONS
                    TABLE 104 MERGERS & ACQUISITIONS, 2017–2019
             12.5.4 CONTRACTS, PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
                    TABLE 105 CONTRACTS, PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2017–2019

13 COMPANY PROFILES (Page No. - 142)
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
     13.1 KEY PLAYERS
             13.1.1 COHERENT
                    FIGURE 41 COHERENT: COMPANY SNAPSHOT
             13.1.2 IPG PHOTONICS
                    FIGURE 42 IPG PHOTONICS: COMPANY SNAPSHOT
             13.1.3 TRUMPF
                    FIGURE 43 TRUMPF: COMPANY SNAPSHOT
             13.1.4 LUMENTUM
                    FIGURE 44 LUMENTUM: COMPANY SNAPSHOT
             13.1.5 JENOPTIK
                    FIGURE 45 JENOPTIK: COMPANY SNAPSHOT
             13.1.6 NOVANTA
                    FIGURE 46 NOVANTA: COMPANY SNAPSHOT
             13.1.7 LUMIBIRD
                    FIGURE 47 LUMIBIRD: COMPANY SNAPSHOT
             13.1.8 LASERSTAR
             13.1.9 EPILOG LASER
             13.1.10 HAN’S LASER
                     FIGURE 48 HAN'S LASER: COMPANY SNAPSHOT
             13.1.11 MKS INSTRUMENTS
                     FIGURE 49 MKS INSTRUMENTS: COMPANY SNAPSHOT
             13.1.12 GRAVOTECH
             13.1.13 600 GROUP
                     FIGURE 50 600 GROUP: COMPANY SNAPSHOT
             13.1.14 EUROLASER
             13.1.15 BYSTRONIC LASERS
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
     13.2 RIGHT TO WIN
             13.2.1 COHERENT
             13.2.2 HAN’S LASER
             13.2.3 TRUMPF
             13.2.4 IPG PHOTONICS
             13.2.5 JENOPTIK
     13.3 OTHER COMPANIES
             13.3.1 TOPTICA PHOTONICS
             13.3.2 PHOTONICS INDUSTRIES
             13.3.3 FOCUSLIGHT TECHNOLOGIES
             13.3.4 CORNING INCORPORATED
             13.3.5 ACCESS LASER

14 APPENDIX (Page No. - 187)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved 4 major activities in estimating the current size of the Laser technology market. Exhaustive secondary research has been done to collect information about the market, the peer markets, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain important information about the industry’s supply chain, value chain, total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the Laser technology market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across four major regions: North America, Europe, APAC, and RoW. Approximately 20% and 80% of primary interviews have been conducted with parties from demand and supply sides, respectively. The primary data has been collected through questionnaires, emails, and telephonic interviews.

Laser Technology Market  Size, and Share

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

Market Size Estimation

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the Laser technology market and other dependent submarkets. The key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) into the Laser technology market.

Data Triangulation

All the percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in the report.

Report Objectives

  • To describe and forecast the Laser technology market, in terms of value and volume, by 3D type,  end-user, and technology
  • To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market
  • To provide detailed overview of value chain analysis in the Laser technology market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the Laser technology market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze competitive developments such as product developments, expansions, mergers and research & development in the Laser technology market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Laser Technology Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Laser Technology Market

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Report Code
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Published ON
Aug, 2020
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