Laser Technology Market

Table of Contents

1 Introduction (Page No. - 19)
    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 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Introduction
           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)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 39)
    4.1 Attractive Opportunities in Laser Technology Market
    4.2 Laser Technology Market in APAC, By Country and End User
    4.3 Market, By Revenue
    4.4 Market, By Type
    4.5 Market, By Application
    4.6 Market, By End User
    4.7 Market, By Country

5 Market Overview (Page No. - 44)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand From Healthcare Vertical
                    5.2.1.2 Enhanced Performance of Lasers Over Traditional Material Processing Techniques
                    5.2.1.3 Shift Toward Production of Nano and Micro Devices
           5.2.2 Restraints
                    5.2.2.1 Regulatory Compliance
           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 Communications
           5.2.4 Challenges
                    5.2.4.1 Requirement for Low-Cost Solutions
    5.3 Value Chain Analysis

6 Laser Technology Market, By Type (Page No. - 51)
    6.1 Introduction
    6.2 CO2 Laser
           6.2.1 Wide Range of Commercial, Industrial, and Military Applications Drives Demand for CO2 Laser
    6.3 Fiber Laser
           6.3.1 Features Such as High Output Power, Flexible Fiber Light, Compact Size, and High Optical Quality Drive Demand for Fiber Laser
    6.4 Solid State Laser
           6.4.1 Yag Laser
                    6.4.1.1 High Thermal Conductivity Makes Yag Laser Suitable for Several Applications
           6.4.2 Semiconductor Laser
                    6.4.2.1 Semiconductor Laser is Compact, Making It Suitable for Several Applications
           6.4.3 Thin Disk Laser
                    6.4.3.1 Ability to Generate High Peak Power in Picosecond Pulses Boosts This Type’s Demand
           6.4.4 Ruby Laser
                    6.4.4.1 Applications Such as Pigmented Lesions, Hair, Tattoo Removal and Melasma Treatment Boost Its Demand
    6.5 Other Laser
           6.5.1 X-Ray Laser
                    6.5.1.1 Applications Such as in Dense Plasmas, X-Ray Microscopy, Medical Imaging, Aerospace & Defense, and Surface Research Boost Its Demand
           6.5.2 Dye Laser
                    6.5.2.1 Several Applications in Healthcare Vertical Support Its Growing Demand
           6.5.3 Excimer Laser
                    6.5.3.1 Ability of Excimer Laser to Generate Light Pulses of Various Wavelengths Drives Its Demand
           6.5.4 Argon Laser
                    6.5.4.1 Ability to Generate Discrete Laser Lines Or Wavelengths Boosts Its Demand
           6.5.5 Chemical Laser
                    6.5.5.1 Chemical Lasers Have Significant Applications in Aerospace & Defense
           6.5.6 Helium-Neon Laser
                    6.5.6.1 Ability to Produce Various Wavelengths Boosts Its Demand

7 Laser Technology Market, By Revenue (Page No. - 64)
    7.1 Introduction
    7.2 System Revenue
           7.2.1 Applications in Several Verticals, Such as Industrial, Commercial, Automotive, and Medical, to Drive System Revenue
    7.3 Laser Revenue
           7.3.1 Revenue Generated From Sales of Several Types of Lasers Drives Laser Revenue Segment

8 Laser Technology Market, By Application (Page No. - 68)
    8.1 Introduction
    8.2 Laser Processing
           8.2.1 Macro Processing
                    8.2.1.1 Cutting
                               8.2.1.1.1 Fusion Cutting
                                             8.2.1.1.1.1 Metals and Fusible Materials Cutting Drives Demand for Laser for Fusion Cutting
                               8.2.1.1.2 Flame Cutting
                                             8.2.1.1.2.1 Suitability for Cutting Flat Sheets, Mild Steel, and Plates With High Thickness Drives Demand for Laser for Flame Cutting
                               8.2.1.1.3 Sublimation Cutting
                                             8.2.1.1.3.1 Ability to Cut Material With Low Melting Point Boosts Demand of Lasers for Sublimation Cutting
                    8.2.1.2 Drilling
                               8.2.1.2.1 Single Pulse Drilling
                                             8.2.1.2.1.1 Ability to Drill Various Sizes in 3d Surface Materials Drives Demand for Lasers for Single Pulse Drilling
                               8.2.1.2.2 Percussion Drilling
                                             8.2.1.2.2.1 Ability to Drill Shorter-Diameter Holes Boots Demand for Lasers for Percussion Drilling
                               8.2.1.2.3 Trepanning Drilling
                                             8.2.1.2.3.1 Usage of Trepanning Drilling Where the Laser Beam Diameter is Much Smaller Than the Hole Diameter Drives Its Demand
                               8.2.1.2.4 Helical Drilling
                                             8.2.1.2.4.1 Usage of Helical Drilling for Producing Large and Deep Holes Drives Its Demand
                    8.2.1.3 Welding
                               8.2.1.3.1 Benefits in Terms of High Processing Welding Speeds, Thin and Small Weld Seams, Low Thermal Distortion, and No Tool Distortion Drive Demand for Lasers for Welding
                    8.2.1.4 Marking and Engraving
                               8.2.1.4.1 Suitability for Several Applications, Such as Printing, Hot-Branding, and Laser Bonding, Boosts Demand for Laser for Marking and Engraving
           8.2.2 Micro Processing
                    8.2.2.1 Major Applications of Laser Micro Processing Include Printed Circuit Board (Pcb) Layouts, Semiconductor Lithography, and Micromachining Parts
           8.2.3 Advanced Processing
                    8.2.3.1 Use of Laser for Laser Deposition Technology Drives Demand for Advanced Processing
    8.3 Optical Communications
           8.3.1 Laser Technology Devices are Extensively Used as High-Speed Transmitters in Analog and Digital Fiber Networks
    8.4 Others
           8.4.1 “Other Laser” has Applications in Several Verticals, Including Commercial, Industrial, Aerospace & Defense, and Automotive

9 Laser Technology Market, By End User (Page No. - 76)
    9.1 Introduction
    9.2 Telecommunications
           9.2.1 Telecommunications Vertical Accounted for Largest Market Share in 2017
    9.3 Industrial
           9.3.1 Expanding Applications in Manufacturing Expected to Drive Growth of Industrial End-User Vertical
    9.4 Semiconductor & Electronics
           9.4.1 Memory
                    9.4.1.1 Light-Based Memory Chips Expected to Drive Demand for Lasers in Memory Chips
           9.4.2 Microprocessors
                    9.4.2.1 Tiny Lasers Fabricated on Silicon Will Drive Demand for Lasers in Microprocessors
           9.4.3 Integrated Circuit
                    9.4.3.1 Photonic Integrated Circuits to Boost Demand for Lasers in Integrated Circuits
    9.5 Commercial
           9.5.1 Smartcard Marking is A Major Commercial Application of Laser Technology
    9.6 Aerospace & Defense
           9.6.1 Aerospace Industry
                    9.6.1.1 Lasers Find Application in Aircraft Manufacturing for Cutting Engineered Parts
           9.6.2 Missile Industry
                    9.6.2.1 Lasers are Used in Semi-Active Laser Homing Missile Technology
           9.6.3 Space Industry
                    9.6.3.1 Ability to Travel in Space Without Any Corruption Drives Laser’s Demand
           9.6.4 Combat Vehicle Industry
                    9.6.4.1 Possible Additional Security Features Achievable Through Laser Drive Its Demand
           9.6.5 Ammunition & Weapon Industry
                    9.6.5.1 Utilization in Laser Guns to Boost Its Demand
    9.7 Automotive
           9.7.1 Solid State Laser and Fiber Laser are Commonly Used in Automotive Vertical
    9.8 Medical
           9.8.1 Accuracy and Precision Achievable Through Laser Drive Its Demand in Medical End-User Vertical
    9.9 Research
           9.9.1 Spectroscopy, Atmospheric Remote Sensing, Seismology, and Atmospheric Physics are Some of Major Applications of Laser in Research End-User Vertical
    9.10 Others
           9.10.1 Oil & Gas, Iron & Steel, Tobacco, Glass, Wood, Retail, and Plastic End-User Verticals Comprise Others Segment

10 Geographic Analysis (Page No. - 103)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 US Held Largest Share of Laser Technology Market in North America
             10.2.2 Canada
                        10.2.2.1 Market in Canada Expected to Witness Highest CAGR in North America
             10.2.3 Mexico
                        10.2.3.1 Increasing Adoption of Laser Technology in Automotive Vertical to Drive Demand
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Germany Held Largest Share of  Market in Europe
             in 2017 112
             10.3.2 France
                        10.3.2.1 Presence of Prominent Automotive, Telecom, Aerospace & Defense, and Medical Companies to Drive Demand for Laser Technology
             10.3.3 The UK
                        10.3.3.1 Technological Developments in Electronics Bringing Significant Changes in Almost All Verticals
             10.3.4 Rest of Europe
                        10.3.4.1 Laser Technology Market in RoE Expected to Witness Highest CAGR in Europe
     10.4 Asia Pacific
             10.4.1 China
                        10.4.1.1 China Held Largest Share of  Market in APAC in 2017
             10.4.2 Japan
                        10.4.2.1 Undergoing Rapid Industrialization and Modernization Expected to Boost Demand for Laser in the Country
             10.4.3 India
                        10.4.3.1 Laser Technology Market in India Expected to Witness Highest CAGR in APAC
             10.4.4 South Korea
                        10.4.4.1 Electronics and Automotive Verticals to Drive Demand for Laser Technology in the Country
             10.4.5 Rest of APAC
                        10.4.5.1 Growth in Manufacturing Activities to Drive Demand for Laser Technology in the Region
     10.5 Rest of the World
             10.5.1 Middle East and Africa (MEA)
                        10.5.1.1 MEA Held Larger Share of Laser Technology Market in RoW
             10.5.2 South America
                        10.5.2.1 Market in South America Expected to Grow at Higher CAGR in RoW

11 Competitive Landscape (Page No. - 121)
     11.1 Introduction
     11.2 Ranking Analysis of Laser Technology Market Players
     11.3 Competitive Scenario
             11.3.1 Contracts/Partnerships/Agreements/Collaboration
             11.3.2 Expansions
             11.3.3 Mergers/Acquisitions
             11.3.4 Product Launches

12 Company Profiles (Page No. - 132)
     12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             12.1.1 Coherent
             12.1.2 IPG Photonics
             12.1.3 Trumpf
             12.1.4 Lumentum
             12.1.5 Jenoptik
             12.1.6 Novanta
             12.1.7 Lumibird
             12.1.8 Laserstar
             12.1.9 Epilog Laser
             12.1.10 MKS Instruments
     12.2 Other Companies
             12.2.1 600 Group
             12.2.2 Han's Laser Technology
             12.2.3 EuRoLAser
             12.2.4 Bystronic Laser
             12.2.5 Toptica Photonics
             12.2.6 Photonics Industries
             12.2.7 Focuslight Technologies
             12.2.8 Corning Incorporated
             12.2.9 Access Laser
             12.2.10 Prima Industrie

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 172)
     13.1 Insights of Industry Experts
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (65 Tables)

Table 1 Laser Technology Market, By Laser Type, 2015–2024 (USD Billion)
Table 2 CO2 Laser Technology Market, By Revenue, 2015–2024 (USD Billion)
Table 3 CO2 Laser Technology Market, By End User, 2015–2024 (USD Billion)
Table 4 CO2 Laser Technology Market, By Application, 2015–2024 (USD Billion)
Table 5 Fiber Laser Technology Market, By Revenue, 2015–2024 (USD Billion)
Table 6 Fiber Laser Technology Market, By End User, 2015–2024 (USD Billion)
Table 7 Fiber Laser Technology Market, By Application, 2015–2024 (USD Billion)
Table 8 Solid State Laser Technology Market, By Revenue, 2015–2024 (USD Billion)
Table 9 Solid State Laser Technology Market, By End User, 2015–2024 (USD Billion)
Table 10 Solid State Laser Technology Market, By Application, 2015–2024 (USD Billion)
Table 11 Other Laser Technology Market, By Revenue, 2015–2024 (USD Billion)
Table 12 Other Laser Technology Market, By End User, 2015–2024 (USD Billion)
Table 13 Other Laser Technology Market, By Application, 2015–2024 (USD Billion)
Table 14 Laser Technology Market, By Revenue, 2015–2024 (USD Billion)
Table 15 Market for System Revenue, By Laser Type, 2015–2024 (USD Billion)
Table 16 Market for Laser Revenue, By Laser Type, 2015–2024 (USD Billion)
Table 17 Market, By Application, 2015–2024 (USD Billion)
Table 18 Market for Laser Processing, By Laser Type, 2015–2024 (USD Billion)
Table 19 Optical Communications for Market, By Laser Type, 2015–2024 (USD Billion)
Table 20 Other Application for Market, By Laser Type, 2015–2024 (USD Billion)
Table 21 Laser Technology Market, By Application, 2015–2024 (USD Billion)
Table 22 Market for Telecommunications, By Laser Type, 2015–2024 (USD Billion)
Table 23 Market for Telecommunications, By Region, 2015–2024 (USD Billion)
Table 24 Market for Telecommunications, By APAC Countries, 2015–2024 (USD Billion)
Table 25 Market for Telecommunications, By North American Countries, 2015–2024 (USD Billion)
Table 26 Market for Telecommunications, By European Countries, 2015–2024 (USD Billion)
Table 27 Market for Telecommunications, By RoW, 2015–2024 (USD Billion)
Table 28 Laser Technology Market for Industrial, By Laser Type, 2015–2024 (USD Billion)
Table 29 Market for Industrial, By Region, 2015–2024 (USD Billion)
Table 30 Market for Industrial, By APAC Countries, 2015–2024 (USD Billion)
Table 31 Market for Industrial, By North American Countries, 2015–2024 (USD Billion)
Table 32 Market for Industrial, By European Countries, 2015–2024 (USD Billion)
Table 33 Market for Industrial, By RoW, 2015–2024 (USD Billion)
Table 34 Laser Technology Market for Semiconductor & Electronics, By Laser Type, 2015–2024 (USD Billion)
Table 35 Market for Semiconductor & Electronics, By Region, 2015–2024 (USD Billion)
Table 36 Market for Semiconductor & Electronics, By APAC Countries, 2015–2024 (USD Billion)
Table 37 Market for Semiconductor & Electronics, By North American Countries, 2015–2024 (USD Billion)
Table 38 Market for Semiconductor & Electronics, By European Countries, 2015–2024 (USD Billion)
Table 39 Market for Semiconductor & Electronics, By RoW, 2015–2024 (USD Billion)
Table 40 Laser Technology Market for Commercial, By Laser Type, 2015–2024 (USD Billion)
Table 41 Market for Commercial, By Region, 2015–2024 (USD Billion)
Table 42 Market for Aerospace & Defense, By Laser Type, 2015–2024 (USD Billion)
Table 43 Market for Aerospace & Defense, By Region, 2015–2024 (USD Billion)
Table 44 Market for Automotive, By Laser Type, 2015–2024 (USD Billion)
Table 45 Market for Automotive, By Region, 2015–2024 (USD Billion)
Table 46 Market for Medical, By Laser Type, 2015–2024 (USD Billion)
Table 47 Market for Medical, By Region, 2015–2024 (USD Billion)
Table 48 Market for Research, By Laser Type, 2015–2024 (USD Billion)
Table 49 Market for Research, By Region, 2015–2024 (USD Billion)
Table 50 Market for Others, By Laser Type, 2015–2024 (USD Billion)
Table 51 Laser Technology Market, By Region for Others, 2015–2024 (USD Billion)
Table 52 Market, By Region, 2015–2024 (USD Billion )
Table 53 Market in North America, By Country, 2015–2024 (USD Billion )
Table 54 Market in North America, By End User, 2015–2024 (USD Billion )
Table 55 Market in Europe, By Country, 2015–2024 (USD Billion )
Table 56 Market in Europe, By End User, 2015–2024 (USD Billion )
Table 57 Market in APAC, By Country, 2015–2024 (USD Billion )
Table 58 Market in APAC, By End User, 2015–2024 (USD Billion )
Table 59 Market in RoW, By Region, 2015–2024 (USD Billion )
Table 60 Market in RoW, By End User, 2015–2024 (USD Billion )
Table 61 Top Laser Technology Market Players in 2017
Table 62 Contracts/Partnerships/Agreements/Collaboration, 2016–2018
Table 63 Expansions, 2016–2018
Table 64 Mergers/Acquisitions, 2016–2018
Table 65 Product Launches 2016–2018

List of Figures (60 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 Assumptions for the Research Study
Figure 5 Global Laser Technology Market (USD Billion )
Figure 6 Telecommunications Held Largest Share of Market in 2017
Figure 7 CO2 Laser Held Largest Share of Market in 2017, By Type
Figure 8 System Revenue to Hold Larger Share of Market During Forecast Period, By Revenue
Figure 9 Laser Processing Held Largest Share of Market in 2017, By Application
Figure 10 Laser Technology Market, By Region, 2017
Figure 11 Huge Demand From Healthcare Vertical, Supported By Enhanced Performance Over Traditional Material Processing Techniques, to Propel Growth of Market in Near Future
Figure 12 China Held Largest Share of Laser Technology Market in APAC in 2017
Figure 13 System Revenue Expected to Hold Larger Share of Market in 2024, By Revenue
Figure 14 CO2 Laser Expected to Hold Largest Share of Market During 2017-2024, By Type
Figure 15 Laser Processing Expected to Hold Largest Share of Market During 2018-2024, By Application
Figure 16 Telecommunications Expected to Hold Largest Share of Market in 2024, By End User
Figure 17 Germany Held Largest Share of Market in 2017
Figure 18 Laser Technology Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Number of People With Blindness (Thousand), By Region, 2010
Figure 20 Number of Plastic Surgeries Performed in Prominent Countries, 2013
Figure 21 Global Semiconductor Silicon Volume Shipments, 2010-2017
Figure 22 Top 10 Countries With Fiber Optic Penetration (%), 2015
Figure 23 Value Chain Analysis: Major Value Added By Original Equipment Manufacturers and Laser System Integrators
Figure 24 Laser Technology Market for Other Laser Type to Grow at Highest CAGR During Forecast Period
Figure 25 CO2 Laser Technology Market for Laser Revenue to Grow at Higher CAGR During Forecast Period
Figure 26 Fiber Laser Technology Market for Laser Revenue to Grow at Higher CAGR During Forecast Period
Figure 27 Solid State Laser Technology Market for Laser Revenue to Grow at Higher CAGR During Forecast Period
Figure 28 Other Market for Laser Revenue to Grow at Higher CAGR During Forecast Period
Figure 29 Market for Laser Revenue to Grow at Higher CAGR During Forecast Period
Figure 30 Market for Optical Communications to Grow at Highest CAGR During Forecast Period
Figure 31 Market for Other Application Employing Other Laser to Grow at Highest CAGR During Forecast Period
Figure 32 Market for Others to Grow at Highest CAGR During Forecast Period
Figure 33 Market for Telecommunications in APAC to Grow at Highest CAGR During Forecast Period
Figure 34 Market for Industrial in APAC to Grow at Highest CAGR During Forecast Period
Figure 35 Market for Semiconductor & Electronics in APAC to Grow at Highest CAGR During Forecast Period
Figure 36 Laser Technology Market for Commercial in APAC to Grow at Highest CAGR During Forecast Period
Figure 37 Market for Aerospace & Defense in APAC to Grow at Highest CAGR During Forecast Period
Figure 38 Market for Automotive in APAC to Grow at Highest CAGR During Forecast Period
Figure 39 Market for Medical in APAC to Grow at Highest CAGR During Forecast Period
Figure 40 Market for Research in APAC to Grow at Highest CAGR During Forecast Period
Figure 41 Market for Others in APAC to Grow at Highest CAGR During Forecast Period
Figure 42 Geographic Snapshot: Laser Technology Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 43 APAC to Witness Highest CAGR in Market During Forecast Period
Figure 44 Snapshot of Laser Technology Market in North America
Figure 45 Market in Canada to Witness Highest CAGR During Forecast Period
Figure 46 Snapshot of Laser Technology Market in Europe
Figure 47 Market in RoE to Witness Highest CAGR During Forecast Period
Figure 48 Snapshot of Laser Technology Market in APAC
Figure 49 Market in India to Witness Highest CAGR During Forecast Period
Figure 50 Market in South America to Witness Highest CAGR During Forecast Period
Figure 51 Product Launch Emerged as Key Growth Strategy Adopted By Major Players in Market Between 2016 and 2018
Figure 52 Market Evolution Framework: Product Launches, Followed By Mergers & Acquisitions, Fuelled Market Growth (2016–2018)
Figure 53 Coherent: Company Snapshot
Figure 54 IPG Photonics: Company Snapshot
Figure 55 Trumpf: Company Snapshot
Figure 56 Lumentum: Company Snapshot
Figure 57 Jenoptik: Company Snapshot
Figure 58 Novanta: Company Snapshot
Figure 59 Lumibird : Company Snapshot
Figure 60 MKS Instruments: Company Snapshot

The study involved 4 major activities in estimating the size of the laser technology market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the laser technology market begins with capturing data on revenues of key vendors in the market, through secondary research. This study incorporates extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the laser technology market. Vendor offerings have also been taken into consideration to determine market segmentations. The entire research methodology includes studying annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

The laser technology market comprises several stakeholders, such as suppliers of standard components and original equipment manufacturers (OEMs). The demand side of this market is characterized by the development of telecommunications, industrial, semiconductor & electronics, commercial, aerospace & defense, automotive, medical, research, and “other” end-user verticals. The supply side is characterized by advancements in types of lasers and diverse applications. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the laser technology market and its subsegments. The research methodology used to estimate the market size includes the following:

• Key players in the market have been identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends in both the demand and supply sides of the laser technology market.

Research Objective

• To describe and forecast the laser technology market, in terms of value, by type, end user, application, revenue, and region
• To describe and forecast the laser technology market, in terms of value, by region–Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW), along with their respective countries
• To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
• To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To study the complete value chain of the laser technology market
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the laser technology ecosystem
• To strategically profile key players and comprehensively analyze their market positions in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
• To analyze strategic approaches, such as product launches, acquisitions, contracts, agreements, and partnerships, in the laser technology market

Scope of the Report:

This report categorizes the laser technology market based on type, end user, application, revenue, and region.

By Type

• CO2 Laser
• Fiber Laser
• Solid State Laser
• Other Laser ( X-ray laser, dye laser, excimer laser, argon laser, chemical laser, and helium-neon laser)

By End User

• Telecommunications
• Industrial
• Semiconductor & Electronics
• Commercial
• Aerospace & Defense
• Automotive
• Medical
• Research
• Others (oil & gas, iron & steel, tobacco, glass, wood, retail, and plastic end-user verticals)

By Application:

• Laser Processing
• Optical Communications
• Others (laser printers, laser scanners, LASIK systems, laser rangefinders, laser gyroscope, laser technology-based lights, and laser security systems)

By Revenue:

• Laser Revenue
• System Revenue

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe (Russia, Italy, the Netherlands, Denmark, Switzerland, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Spain, and Poland)
• Asia Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC (Australia, Singapore, Malaysia, and Thailand)
• Rest of the World (RoW)
  • Middle East & Africa
  • South America

Available Customizations

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

Company Information

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

Critical Questions

• What new application areas are laser technology providers exploring?
• Which are the key market players and how intense is the competition?