HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: SE 2726

 

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The laser technology market is expected to witness a high growth during the forecast period. The overall market is expected to be valued at USD 15.38 Billion by 2022 from USD 11.07 Billion in 2016, at a CAGR of 5.2% between 2017 and 2022 The base year considered for the study is 2016 and the forecast period provided is between 2017 and 2022. The objective of the report is to provide a detailed analysis of the laser technology market based on type, application, vertical, and geography; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and detailed value chain analysis. Moreover, the objective of the report is to strategically profile the key players and comprehensively analyze their market rank and core competencies, along with detailing the competitive landscape for the market players as well as providing information on the new product launches, agreements, expansions, collaborations, partnerships, and acquisitions.

The research methodology used to estimate and forecast the size of the laser technology market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the laser technology market from the revenue of the key players in this market. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The analysis of the laser technology market includes extensive primary research to gather information and verify and validate the critical conclusions arrived at after an extensive secondary research.

After arriving at the overall market size, the total market has been split into several segments and subsegments. The following figure depicts the breakdown of the primaries conducted during the research study on the basis of company, designation, and region.

Laser Technology Market

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

The laser technology ecosystem comprises laser devices manufacturers and providers such as Coherent, Inc. (US), IPG Photonics Corp. (US), Trumpf Group (Germany), Lumentum Holdings Inc. (US), Jeanoptik AG (Germany), Novanta Inc (US), Quantel Group (UK), LasaerStar Technologies Corp. (US), Epilog Laser (US), and MKS Instruments (US).

The target audience for the report includes:

  • Raw material and manufacturing equipment suppliers
  • Laser equipment and system providers
  • Semiconductor foundries
  • Device manufacturers and suppliers
  • Original design manufacturers (ODMs)
  • Original equipment manufacturers (OEMs)
  • Integrated device manufacturers (IDMs)
  • ODM and OEM technology solution providers
  • Assembly, testing, and packaging vendors
  • Technology, service, and solution providers  
  • Intellectual property (IP) core and licensing providers
  • Suppliers and distributors
  • Technology investors, venture capitalists, and patent holders
  • Government and other regulatory bodies
  • Research institutes and organizations
  • Market research and consulting firms

The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.

The market covered under this report has been segmented as follows:

Laser Technology Market, by Type

  • Solid Laser
  • Liquid Laser
  • Gas Laser

Laser Technology Market, by Application

  • Optical Communication
  • Laser Processing
    • Macro Processing
      • Cutting
      • Drilling
      • Welding
      • Marking & Engraving
    • Micro Processing
    • Advanced Processing
  • Others (laser gyroscopes, laser printers, laser scanners, laser rangefinders, laser headlights, and laser security systems)

Laser Technology Market, by Vertical

  • Commercial
  • Telecommunication
  • Research
  • Aerospace & Defense
  • Medical
  • Automotive
  • Semiconductor & Electronics
  • Industrial
  • Others (Oil and gas, iron and steel, tobacco, glass, wood, retail, and plastic)

Laser Technology Market, by Geography

Countries covered under the Americas are as follows:

  • US
  • Canada
  • Latin America (Mexico, Brazil, Argentina, Columbia, and Venezuela)

Countries covered under Europe are as follows:

  • Germany
  • UK
  • France
  • Rest of Europe (Italy, Sweden, Switzerland, Finland, the Netherlands, Belgium, and Turkey)

Countries covered under Asia Pacific (APAC) are as follows:

  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC (Indonesia, Taiwan, Singapore, Australia, Thailand, and Malaysia)

Regions covered under the Rest of the World (RoW) are as follows:

  • Middle East
  • Africa

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:

Laser Technology Market Analysis

  • Further breakdown of the other vertical segment into sub-categories
  • Further breakdown of the regions into various countries

Company Information

  • Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
                    2.1.2.4 Breakdown of Primaries
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
           2.2.3 Market Ranking Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Overall Laser Technology Market
    4.2 Laser Technology Market, By Vertical
    4.3 Laser Technology Market, By Type and Application
    4.4 Country-Wise Analysis of the Laser Technology Market
    4.5 Laser Technology Market Size, By Region

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Huge Demand From the Healthcare Vertical
                    5.2.1.2 Enhanced Performance Over Traditional Material Processing Techniques
                    5.2.1.3 Shift Towards Production of Nano and Micro Devices
           5.2.2 Restraints
                    5.2.2.1 Regulatory Compliance
           5.2.3 Opportunities
                    5.2.3.1 Mainstream Adoption of Laser Technology By Various Verticals for Quality Check
                    5.2.3.2 Increase in Use of Laser for Optical Communication
           5.2.4 Challenges
                    5.2.4.1 Requirement of Low Cost Solutions
    5.3 Value Chain Analysis

6 Market Analysis, By Type (Page No. - 42)
    6.1 Introduction
    6.2 Solid Laser
           6.2.1 YAG Laser
           6.2.2 Semiconductor Laser
           6.2.3 Thin Disk Laser
           6.2.4 Ruby Laser
           6.2.5 Fiber Laser
    6.3 Liquid Laser
           6.3.1 X-Ray Laser
           6.3.2 Dye Lasers
    6.4 Gas Laser
           6.4.1 Co2 Laser
           6.4.2 Excimer Laser
           6.4.3 Argon Laser
           6.4.4 Chemical Laser
           6.4.5 Helium-Neon Laser

7 Market Analysis, By Application (Page No. - 56)
    7.1 Introduction
    7.2 Optical Communication
    7.3 Laser Processing
           7.3.1 Macro Processing
                    7.3.1.1 Cutting
                               7.3.1.1.1 Fusion Cutting
                               7.3.1.1.2 Flame Cutting
                               7.3.1.1.3 Sublimation Cutting
                    7.3.1.2 Drilling
                               7.3.1.2.1 Single Pulse Drilling
                               7.3.1.2.2 Percussion Drilling
                               7.3.1.2.3 TrEPAnning Drilling
                               7.3.1.2.4 Helical Drilling
                    7.3.1.3 Welding
                    7.3.1.4 Marking & Engraving
           7.3.2 Micro Processing
           7.3.3 Advanced Processing
    7.4 Others

8 Market Analysis, By Vertical (Page No. - 70)
    8.1 Introduction
    8.2 Commercial
    8.3 Telecommunications
    8.4 Research
    8.5 Aerospace and Defense
    8.6 Healthcare
    8.7 Automotive
    8.8 Semiconductor & Electronics
    8.9 Industrial
    8.10 Others

9 Geographic Analysis (Page No. - 83)
    9.1 Introduction
    9.2 Americas
           9.2.1 US
           9.2.2 Canada
           9.2.3 Latin America
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 UK
           9.3.4 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 South Korea
           9.4.5 Rest of APAC
    9.5 Rest of the World
           9.5.1 Middle East
           9.5.2 Africa

10 Competitive Landscape (Page No. - 94)
     10.1 Introduction
     10.2 Market Ranking of Top 5 Players in the Laser Technology Market, 2016
     10.3 Vendor Dive Overview
             10.3.1 Vanguards
             10.3.2 Dynamic
             10.3.3 Innovators
             10.3.4 Emerging
     10.4 Business Strategies
     10.5 Product Offering
*Top 25 Companies Analysed for This Study Are:- Ams Technology (Germany), Alltec GmbH (Germany), Eurolaser GmbH (Germany), Quantel Group (France), Jeanoptik AG (Germany), Han's Laser Technology Industry Group Co., Ltd. (China), Epilog Laser (US), Universal Laser Systems, Inc. (US), IPG Photonics Corporation (US), Coherent, Inc. (US), Lumentum Holdings Inc.(US), Trumpf Group (Germany), Photonics Industries International. Inc. (US), Npi Lasers Co., Ltd. (China), Access Laser (US), Toptica Photonics AG (Germany), Keopsys Group (France), Focuslight Technologies Inc. (China), Ushio Opto Semiconductors, Inc. (Japan), Lasaerstar Technologies Corp. (US), Prima Industrie S.P.A. (Italy), Bystronic Laser AG (Switzerland), Corning Inc (US), Novanta Inc (US), and MKS Instruments (US).
     10.6 Competitive Scenario
     10.7 Recent Developments
             10.7.1 New Product Launches
             10.7.2 AGreements, Expansion, Collaboration, Partnerships, and Acquisitions

11 Company Profile (Page No. - 103)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     11.1 Introduction
     11.2 Coherent, Inc.
     11.3 IPG Photonics Corp.
     11.4 Trumpf Group
     11.5 Lumentum Holdings, Inc.
     11.6 Jeanoptik AG
     11.7 Novanta, Inc.
     11.8 Quantel Group
     11.9 Laserstar Technologies Corp.
     11.10 Epilog Laser
     11.11 MKS Instruments, Inc.
     11.12 Key Innovators
             11.12.1 Toptica Photonics AG
             11.12.2 Keopsys Group
             11.12.3 Focuslight Technologies, Inc.
             11.12.4 Photonics Industries International, Inc.
             11.12.5 Access Laser Co.

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 137)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (64 Tables)

Table 1 Laser Technology Market, By Laser Type, 2014–2022 (USD Million)
Table 2 Laser Technology Market for Solid Laser, By Type, 2014–2022 (USD Million)
Table 3 Laser Technology Market for Solid Laser, By Application, 2014–2022 (USD Million)
Table 4 Laser Technology Market for YAG Laser, By Application, 2014–2022 (USD Million)
Table 5 Laser Technology Market for Semiconductor Laser, By Application, 2014–2022 (USD Million)
Table 6 Laser Technology Market for Thin Disk Laser, By Application, 2014–2022 (USD Million)
Table 7 Laser Technology Market for Ruby Laser, By Application, 2014–2022 (USD Million)
Table 8 Laser Technology Market for Fiber Laser, By Application, 2014–2022 (USD Million)
Table 9 Laser Technology Market for Liquid Laser, By Type, 2014–2022 (USD Million)
Table 10 Laser Technology Market for Liquid Laser, By Application, 2014–2022 (USD Million)
Table 11 Laser Technology Market for X-Ray Laser, By Application, 2014–2022 (USD Million)
Table 12 Laser Technology Market for Dye Laser, By Application, 2014–2022 (USD Million)
Table 13 Laser Technology Market for Gas Laser, By Type, 2014–2022 (USD Million)
Table 14 Laser Technology Market for Gas Laser, By Application, 2014–2022 (USD Million)
Table 15 Laser Technology Market for Co2 Laser, By Application, 2014–2022 (USD Million)
Table 16 Laser Technology Market for Excimer Laser, By Application, 2014–2022 (USD Million)
Table 17 Laser Technology Market for Argon Laser, By Application, 2014–2022 (USD Million)
Table 18 Laser Technology Market for Chemical Laser, By Application, 2014–2022 (USD Million)
Table 19 Laser Technology Market for Helium-Neon Laser, By Application, 2014–2022 (USD Million)
Table 20 Laser Technology Market, By Application, 2014–2022 (USD Million)
Table 21 Laser Technology Market for Optical Communication, By Laser Type, 2014–2022 (USD Million)
Table 22 Laser Technology Market for Optical Communication, By Solid Laser Type, 2014–2022 (USD Million)
Table 23 Laser Technology Market for Optical Communication, By Liquid Laser Type, 2014–2022 (USD Million)
Table 24 Laser Technology Market for Optical Communication, By Gas Laser Type, 2014–2022 (USD Million)
Table 25 Laser Technology Market for Laser Processing, By Application, 2014–2022 (USD Million)
Table 26 Laser Technology Market for Laser Processing, By Laser Type, 2014–2022 (USD Million)
Table 27 Laser Technology Market for Laser Processing, By Solid Laser Type, 2014–2022 (USD Million)
Table 28 Laser Technology Market for Laser Processing, By Liquid Laser Type, 2014–2022 (USD Million)
Table 29 Laser Technology Market for Laser Processing, By Gas Laser Type, 2014–2022 (USD Million)
Table 30 Laser Technology Market for Macro Processing, By Application, 2014–2022 (USD Million)
Table 31 Laser Technology Market for Cutting, By Technology, 2014–2022 (USD Million)
Table 32 Laser Technology Market for Drilling, By Technology, 2014–2022 (USD Million)
Table 33 Laser Technology Market for Welding, By Technology, 2014–2022 (USD Million)
Table 34 Laser Technology Market for Others Application, By Laser Type, 2014–2022 (USD Million)
Table 35 Laser Technology Market for Others Application, By Solid Laser Type, 2014–2022 (USD Million)
Table 36 Laser Technology Market for Others Application, By Liquid Laser Type, 2014–2022 (USD Million)
Table 37 Laser Technology Market for Others Application, By Gas Laser Type, 2014–2022 (USD Million)
Table 38 Laser Technology Market, By Vertical, 2014–2022 (USD Million)
Table 39 Laser Technology Market for Commercial, By Application, 2014–2022 (USD Million)
Table 40 Laser Technology Market for Commercial, By Laser Processing Application, 2014–2022 (USD Million)
Table 41 Laser Technology Market for Telecommunications, By Application, 2014–2022 (USD Million)
Table 42 Laser Technology Market for Telecommunications, By Laser Processing Application, 2014–2022 (USD Million)
Table 43 Laser Technology Market for Research, By Application, 2014–2022 (USD Million)
Table 44 Laser Technology Market for Research, By Laser Processing Application, 2014–2022 (USD Million)
Table 45 Laser Technology Market for Aerospace & Defense, By Application, 2014–2022 (USD Million)
Table 46 Laser Technology Market for Aerospace & Defense, By Laser Processing Application, 2014–2022 (USD Million)
Table 47 Laser Technology Market for Healthcare, By Application, 2014–2022 (USD Million)
Table 48 Laser Technology Market for Healthcare, By Laser Processing Application, 2014–2022 (USD Million)
Table 49 Laser Technology Market for Automotive, By Application, 2014–2022 (USD Million)
Table 50 Laser Technology Market for Automotive, By Laser Processing Application, 2014–2022 (USD Million)
Table 51 Laser Technology Market for Semiconductor & Electronics, By Application, 2014–2022 (USD Million)
Table 52 Laser Technology Market for Semiconductor & Electronics, By Laser Processing Application, 2014–2022 (USD Million)
Table 53 Laser Technology Market for Industrial, By Application, 2014–2022 (USD Million)
Table 54 Laser Technology Market for Industrial, By Laser Processing Application, 2014–2022 (USD Million)
Table 55 Laser Technology Market for Others, By Application, 2014–2022 (USD Million)
Table 56 Laser Technology Market for Others, By Laser Processing Application, 2014–2022 (USD Million)
Table 57 Laser Technology Market, By Region, 2014–2022 (USD Million)
Table 58 Laser Technology Market in Americas, By Country, 2014–2022 (USD Million)
Table 59 Laser Technology Market in Europe, By Country, 2014–2022 (USD Million)
Table 60 Laser Technology Market in APAC, By Country, 2014–2022 (USD Million)
Table 61 Laser Technology Market in RoW, By Region, 2014–2022 (USD Million)
Table 62 Market Ranking of Top 5 Players in the Laser Technology Market in 2016
Table 63 15 Most Recent Product Launches in the Laser Technology Market
Table 64 5 Most Recent Agreements, Expansions, Collaborations, Partnerships, and Acquisitions in the Laser Technology Market
 
 
List of Figures (57 Figures)
 
Figure 1 Laser Technology Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown & Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Solid Laser Would Be Primarily Used Type in the Laser Technology Market Between 2017 and 2022
Figure 7 Laser Technology Market for Optical Communication Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 8 Commercial and Industrial Expected to Be the Fastest-Growing Verticals in the Laser Technology Market Between 2017 and 2022
Figure 9 APAC Expected to Be the Fastest-Growing Region in the Laser Technology Market Between 2017 and 2022
Figure 10 Increasing Demand for Laser Technology Devices in Industrial Manufacturing is Driving the Growth of Laser Technology Market During the Forecast Period
Figure 11 Telecommunications to Lead the Laser Technology Market Between 2017 and 2022
Figure 12 Solid Laser Type and Optical Communication Application Had A Higher Share of the Laser Technology Market in 2016
Figure 13 China is Expected to Grow at the Highest Rate in the Laser Technology Market in 2016
Figure 14 Laser Technology Market in APAC Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 15 Laser Technology Market Dynamics
Figure 16 Value Chain Analysis: Major Value is Added During the Original Equipment Manufacturing and Laser System Integrator Phases
Figure 17 Laser Technology Market for Gas Laser is Expected to Have the Fastest Growth Rate Between 2017 and 2022
Figure 18 The Laser Technology Market for the Optical Communication Application is Expected to Have the Highest Growth Rate Between 2017 and 2022
Figure 19 Micro Processing Application is Expected to Have the Highest Growth Rate in the Laser Technology Market for Laser Processing Between 2017 and 2022
Figure 20 Marking & Engraving Application is Expected to Have the Fastest Growth Rate in the Laser Technology Market for Macro Processing Between 2017 and 2022
Figure 21 Laser Technology Market for Commercial Vertical Expected to Grow at the Highest Rate Between 2017 and 2022
Figure 22 Laser Technology Market: Geographic Snapshot
Figure 23 Overview of the Laser Technology Market in Americas
Figure 24 Overview of the Laser Technology Market in Europe
Figure 25 Overview of the Laser Technology Market in APAC
Figure 26 Overview of the Laser Technology Market in RoW
Figure 27 Key Growth Strategies Adopted By the Top Companies Between January 2014 and March 2017
Figure 28 Dive Chart
Figure 29 Battle for Market Share: Product Launch Emerged as the Key Strategy Between 2014 and 2017
Figure 30 Geographic Revenue Mix of the Top 5 Market Players
Figure 31 Coherent, Inc.: Company Snapshot
Figure 32 Coherent, Inc.: Product Offering
Figure 33 Coherent, Inc.: Business Offering
Figure 34 IPG Photonic Corp.: Company Snapshot
Figure 35 IPG Photonics Corp.: Product Offering
Figure 36 IPG Photonics Corp.: Business Strategy
Figure 37 Trumpf Group.: Company Snapshot
Figure 38 Trumpf Group: Product Offering
Figure 39 Trumpf Group: Business Strategy
Figure 40 Lumentum Holdings, Inc.: Company Snapshot
Figure 41 Lumentum Holdings, Inc.: Product Offering
Figure 42 Scorecard: Business Strategy
Figure 43 Jeanoptik AG: Company Snapshot
Figure 44 Jeanoptik AG: Product Offering
Figure 45 Jeanoptik AG: Business Strategy
Figure 46 Novanta, Inc.: Company Snapshot
Figure 47 Novanta, Inc.: Product Offering
Figure 48 Novanta, Inc.: Business Strategy
Figure 49 Quantel Group: Product Offering
Figure 50 Quantel Group: Business Strategy
Figure 51 Laserstar Technologies Corp.: Product Offering
Figure 52 Scorecard: Business Strategy
Figure 53 Epilog Laser: Product Offering
Figure 54 Epilog Laser: Business Strategy
Figure 55 MKS Instruments, Inc.: Company Snapshot
Figure 56 MKS Instruments, Inc.: Product Offering
Figure 57 Scorecard: Business Strategy

The laser technology market is expected to be valued at USD 15.38 Billion by 2022, at a CAGR of 5.2% between 2017 and 2022. Increasing demand from the healthcare sector and shift towards production of nano and micro devices are acting as driver for the growth of the laser technology market. Moreover, the benefits provided by laser technology such as higher accuracy, lower labor cost, and minimized loss over traditional material processing is also driving the growth of this market.

This report segments the laser technology market on the basis of type, application, vertical, and geography. The laser technology market for solid laser accounted for the largest share of the laser technology market based on type in 2016. Solid laser provides enhanced thermal conductivity and optical quality.  Solid laser helps to prevent the wastage of materials in the active medium and produce both continuous and pulsed output at a higher efficiency than the HeNe and argon laser by about 2% to 3%, respectively.

Optical communication is expected to witness a significant growth during the forecast period. Laser technology devices is an important component in broadband communication systems. These devices are used for high-speed transmission of data in digital and analog fiber optic networks. Optical communication are used in various applications such as broadband distribution, data networking, and Ethernet system. Laser has a shorter wavelength and is less divergent compared with radio signals, thereby helping in achieving higher data rates and minimizing power consumption for data transmission. These factors are expected to drive the growth of the laser technology market for optical communication.

The telecommunication vertical accounted for the largest share of the laser technology market in 2016. Laser technology devices produce the beam of light which is concentrated, intense, coherent, monochromatic, and aligned. Hence, it is suitable for the transmission of data over a long distance. Laser technology provides faster and secured data transmission and minimized power consumption, thereby resulting in the growth of telecommunication vertical.

Asia Pacific (APAC) is expected to grow at the highest rate during the forecast period in the laser technology market. This growth can be attributed to the increasing continuous demand for cost-effective and fast processing laser machine tools from the semiconductor, industrial, telecommunication, and automotive verticals.

Laser Technology Market

Regulatory compliances act as a restraint for the growth of the overall laser technology market. Laser technology involves processing of rare earth elements such as neodymium, chromium, erbium, or ytterbium; these elements can cause hazardous environmental consequences if not properly managed. Thus, this factor is acting as a restraint for the market.

The key players in the laser technology market include Coherent, Inc. (US), IPG Photonics Corp. (US), Trumpf Group (Germany), Lumentum Holdings Inc. (US), Jeanoptik AG (Germany), Novanta Inc (US), Quantel Group (UK), LasaerStar Technologies Corp. (US), Epilog Laser (US), and MKS Instruments (US).

These players adopted various strategies such as new product launches, agreements, expansions, collaborations, partnerships, and acquisitions to grow in the laser technology market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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