Laser Technology Market

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

Report Code: SE 2726 Aug, 2022, by marketsandmarkets.com

[242 Pages Report] The global laser technology market size is estimated to be USD 16.7 billion in 2022 and is projected to reach USD 25.6 billion by 2027, at a CAGR of 8.9%.

Rising demand from healthcare vertical and increasing production of nanodevices and micro devices are the major factors driving the growth of the market. Moreover, better performance of laser-based techniques over traditional material processing methods is another key factor for the growth of the laser technology market.

Laser Technology Market

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Latest technological Trends in Laser Technology Market

Locus Beam Control (LBC) technology to improve the performance of laser systems without increasing the engine’s overall power

One of the major challenges faced in the laser technology market in recent years is the need to find a solution to improve the performance of solid-state laser machines without increasing the engine’s overall power.

Increasing power might not be the best solution as it might lead to various unexpected and adverse effects that might increase costs and lead to hazards. Earlier, several beam control technologies were developed by different manufacturers, but all of them were static beam control solutions, compromising the energy density of the laser beam.

Moreover, extensive research on conceptualizing a dynamic beam oscillation control solution revealed their ability to improve processing in the mid-range power band while keeping power consumption and cost-per-part as low as possible. This led to the development of the LBC technology, which offers similar cutting results without increasing the engine’s overall power. With LBC, there is no change in the power density of the laser beam, and it stays sharp and dense.

The beam is moved dynamically in pre-defined patterns depending on the material and the thickness being processed. This independent movement of the beam provides the necessary cutting width, allows removal of the materials in the cutting front with high efficiency, and still maintains the high-power dense profile of the beam.

Laser Technology Market Segment Overview

Solid laser held the largest share of the laser technology market in 2021

Solid lasers prevent the wastage of materials in the active medium, owing to which they are used extensively across medical and research applications like spectroscopy and imaging etc.

Solid lasers produce both continuous and pulsed output at a higher efficiency than He-Ne (Helium-Neon) and Argon lasers by about 2–3%, making them suitable for multiple applications across several domains such as telecommunications and automotive.

System segment held the largest share of the laser technology market in 2021

The ability of laser systems to perform a wide range of functions such as scribing, cutting, engraving, welding, and marking etc. is increasing their use across various verticals, such as industrial, commercial, automotive, and medical.

Moreover, increasing adoption by mid-sized and small manufacturers worldwide to expand their product lines and increase productivity is driving the demand for laser systems.

Laser processing held the largest share of the laser technology market in 2021

The laser processing segment is driven by its ability to provide higher quality, more reliable, and more precise output than conventional mechanical methods.

Increasing necessity for techniques to improve accuracy of material processing techniques and rising demand to reduce turn-around time is driving the adoption of laser technology for material processing applications across verticals such as automotive and semiconductor & electronics.

Telecommunications vertical held the largest share of the laser technology market in 2021

Laser communication provides high data transfer rates with low power consumption and is a highly secure medium for data transmission, thus driving their adoption in the telecommunications vertical. In the telecommunications vertical, laser technology is also used for signal strength optimization.

Asia Pacific held the largest share of the laser technology market in 2021

The market in Asia Pacific held the largest share (41.4%) of the overall market in 2021. Asia Pacific has been ahead in the adoption of laser technology products and solutions compared with other regions.

Growing manufacturing owing to increasing industrialization in the region is a key factor driving the adoption of laser technology for industrial processes such as drilling, welding, and cutting etc. Moreover, increasing R&D investments has resulted in development of laser systems which enable effective signal transmission over large distances.

Laser Technology Market by Region

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Top 5 Key Market Players in Laser Technology Market 

The market is dominated by a few globally established players such as

  • Coherent (US),
  • IPG Photonics (US),
  • TRUMPF (Germany),
  • Han’s Laser (China), and
  • Jenoptik (Germany).

Laser Technology Market Scope

Report Metric

Details

Market Size Available for Years

2018–2027

Base Year

2021

Forecast Period

2022–2027

Units

Value (USD Million/Billion)

Segments Covered

Type, Product, Application, and Vertical

Geographic Regions Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

Major Players: Coherent (US), IPG Photonics (US), Han’s Laser (China), Jenoptik (Germany), TRUMPF (Germany), Gravotech (France), Lumentum (US), Novanta (US), Bystronic Lasers (Switzerland), and Lumibrid (France), among other – Total 25 players have been covered.

Laser Technology Market Dynamics

DRIVERS: Increasing demand for laser technology in healthcare vertical

In the healthcare vertical, laser technology finds applications in urology, dermatology, dentistry, and ophthalmology. With continuous technological advancements, the use of laser technology has broadened to treat various health issues, such as kidney stones, cancers, tumors, knee injuries, prostate problems, varicose veins, heart diseases, and glaucoma.

Ophthalmic laser assists in treating eye-related disorders such as glaucoma, retinal disorder, cataract, and macular degeneration. Laser technology is also being used in noninvasive medical treatments, such as hair removal, skin rejuvenation, tattoo removal, photodynamic therapy, selective laser trabeculoplasty, and low-level laser therapy. The sales of medical laser systems have increased, driven by the growing aging population, improving medical infrastructure, rising number of cosmetic surgeries, and increasing incidence of eye-related disorders.

RESTRAINT: High deployment cost

The applications of lasers are increasing in the automotive, semiconductor, industrial, medical, research, and defense, among many other verticals. Lasers required for varying processes, systems, and applications are in the range of a few hundred to thousands of watts.

High-power lasers are used in large-scale laser displays, medical, military, research, laser-induced nuclear fusion, and material processing (welding, cutting, drilling, soldering, marking, and surface modification) applications. Although laser processing helps reduce workforce and related costs in the automotive and manufacturing verticals, its deployment involves a high investment. Lasers are supported by various software, design files, durable parts, and laser sources. Additionally, they come with service packages and warranties to protect against expensive repairs in case of a malfunction. Hence, the growing demand for lasers for processing generates a requirement for low-cost solutions so that the technology can be adopted on a wide scale.

OPPORTUNITIES: Increasing use of lasers for optical communication

Optical communication uses light as a platform for transmission. Laser technology provides advantages over radio waves as light waves are packed tightly compared to sound waves.

Laser fiber optics have many fibers wrapped inside a cable, in which each cable contains many laser beams. Every laser beam has the potential to carry billions of bits of data. Thus, laser technology can transfer more data per second with strong signal quality.

The deployment of laser technology helps develop efficient communication systems with enhanced bandwidth and speed, compact size, and reduced price. Diode laser is used in almost every broadband communication system. The use of laser technology is increasing in optical communications as it provides wireless connectivity using air as the medium of communication. As the speed of light is faster than any other wave, it encourages using laser technology in verticals where air can be used as a medium.

CHALLENGES: Environmental concerns associated with use of rare-earth elements

The use of rare-earth metals such as neodymium, chromium, erbium, or ytterbium involves processing and refining using solid-state and fiber lasers, which poses a major threat of radioactive pollution caused by slurry tailings.

The refining processes use toxic acids, which, if mishandled, may result in severe environmental damage. Also, the use of rare-earth metals poses the risk of supply disruptions in the short term, and supply challenges for these metals may affect the deployment of clean energy technology in the years to come.

Laser Technology Market Categorization

This research report categorizes the market based on type, product, application, vertical, and region.

By Type:

  • Solid
  • Liquid
  • Gas
  • Others (photonic crystal and industrial short pulse)

By Product:

  • Laser
  • System

By Application:

  • Laser Processing
  • Optical Communication
  • Optoelectronic Devices
  • Others (gyroscopes, rangefinders, and security systems)

By Vertical

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

By Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Recent Developments in Laser Technology Market

  • In June 2022, Coherent has introduced the OBIS XT Series of compact smart ultraviolet lasers aimed at expanding power capacity up to 150 milliwatts and features 320 nm wavelength. The compact size, low heat dissipation, and integrated controller abilities of the OBIS XT series offer simplified integration, thereby reducing time and costs.
  • In June 2022, TRUMPF has introduced an automated loading solution for laser tube-cutting machines at the Tube trade fair in Dusseldorf, Germany. The new solution automatically transfers tubes from the storage system to the tube-cutting machine. Through this, they allow to reduce downtime and improve productivity.
  • In May 2022, Gravotech has introduced the LW2 laser marking system, which has a compact design and is available in several versions depending on the laser source, such as fiber or hybrid. It is suitable for different types of permanent marking and identification needs, such as various metals (aluminum, steel, and copper) and plastics.
  • In April 2022, Lumentum introduced the FemtoBlade laser system, the second generation of the company’s portfolio of high-precision ultrafast industrial lasers. The new system features a modular design that offers high power at high repetition rates, thus ensuring high flexibility and fast processing speed.  

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
           TABLE 1 LASER TECHNOLOGY MARKET: INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
                    FIGURE 1 MARKET: SEGMENTATION
                    FIGURE 2 MARKET: REGIONAL SCOPE
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA
           FIGURE 3 LASER TECHNOLOGY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM MARKET
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Deriving market size through bottom-up approach (demand side)
                               FIGURE 5 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Deriving market size through top-down approach (supply side)
                               FIGURE 6 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 ASSUMPTIONS
           FIGURE 8 ASSUMPTIONS
    2.5 LIMITATIONS AND RISK ASSESSMENT
           TABLE 2 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 9 SOLID LASER SEGMENT TO HOLD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY TYPE, DURING FORECAST PERIOD
    FIGURE 10 SYSTEM SEGMENT TO ACCOUNT FOR LARGER SHARE OF MARKET, BY PRODUCT, DURING FORECAST PERIOD
    FIGURE 11 LASER PROCESSING SEGMENT TO HOLD LARGEST SHARE OF MARKET, BY APPLICATION, DURING FORECAST PERIOD
    FIGURE 12 TELECOMMUNICATIONS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY VERTICAL, DURING FORECAST PERIOD
    FIGURE 13 ASIA PACIFIC MARKET TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LASER TECHNOLOGY MARKET
           FIGURE 14 RISING DEMAND FOR LASER TECHNOLOGY-BASED DEVICES IN HEALTHCARE VERTICAL
    4.2 MARKET, BY TYPE
           FIGURE 15 SOLID LASER SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY PRODUCT
           FIGURE 16 LASER SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
    4.4 LASER TECHNOLOGY MARKET, BY APPLICATION
           FIGURE 17 OPTICAL COMMUNICATION SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.5 MARKET, BY VERTICAL
           FIGURE 18 TELECOMMUNICATIONS VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.6 MARKET, BY REGION
           FIGURE 19 GERMANY TO ACCOUNT FOR LARGEST SHARE OF GLOBAL LASER TECHNOLOGY MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 LASER TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for laser technology in healthcare vertical
                    5.2.1.2 Better performance of laser-based techniques compared with traditional material processing methods
                    5.2.1.3 Rising preference for laser-based material processing over traditional approaches
                    5.2.1.4 Shift toward production of nanodevices and microdevices
                               FIGURE 21 GLOBAL SEMICONDUCTOR SILICON MATERIAL SALES IN MILLION SQUARE INCH (MSI), 2018–2021
                    5.2.1.5 Growing adoption of smart manufacturing techniques
                               FIGURE 22 LASER TECHNOLOGY MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High deployment cost
                               FIGURE 23 MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing use of laser technology for quality checks in various verticals
                    5.2.3.2 Increasing use of laser technology for optical communication
                               FIGURE 24 ORGANIZATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD) FIBER BROADBAND SUBSCRIPTION STATISTICS FOR TOP 10 COUNTRIES (AS OF JUNE 2021)
           FIGURE 25 MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Environmental concerns associated with use of rare-earth elements
                    5.2.4.2 Technical complexities related to high-power lasers
                    5.2.4.3 Contamination of materials during laser welding process
                               FIGURE 26 LASER TECHNOLOGY MARKET: CHALLENGES AND THEIR IMPACT
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 27 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND LASER SYSTEM INTEGRATORS
           5.3.1 RAW MATERIAL SUPPLIERS
           5.3.2 MANUFACTURERS
           5.3.3 DISTRIBUTORS
           5.3.4 END USERS
           5.3.5 AFTER-SALES SERVICE PROVIDERS
    5.4 ECOSYSTEM ANALYSIS
           FIGURE 28 GLOBAL LASER TECHNOLOGY MARKET: ECOSYSTEM
           TABLE 3 MARKET: ECOSYSTEM
    5.5 PRICING ANALYSIS
           5.5.1 AVERAGE SELLING PRICE OF LASER SYSTEMS OFFERED BY TOP 3 MARKET PLAYERS, BY APPLICATION
                    FIGURE 29 AVERAGE SELLING PRICE OF LASER SYSTEMS OFFERED BY TOP 3 MARKET PLAYERS, BY APPLICATION
                    TABLE 4 AVERAGE SELLING PRICE OF LASER SYSTEMS OFFERED BY TOP 3 MARKET PLAYERS, BY APPLICATION
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESSES
           FIGURE 30 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESSES
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 ALL-SILICON LASER
           5.7.2 HOLMIUM-DOPED LASER
           5.7.3 VERTICAL CAVITY SURFACE-EMITTING LASER (VCSEL)
           5.7.4 LOCUS BEAM CONTROL (LBC)
    5.8 PORTER’S FIVE FORCES ANALYSIS
           TABLE 5 LASER TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 31 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP 3 VERTICALS
                    TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP 3 VERTICALS (%)
           5.9.2 BUYING CRITERIA
                    FIGURE 32 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
                    TABLE 7 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
    5.10 CASE STUDIES
           5.10.1 SHIM SHACK ADOPTS IPG PHOTONICS FIBER LASERS TO REDUCE TIME AND COST OF ITS METAL FABRICATION PROCESS
           5.10.2 PAPER SUSHI AND GUERILLA OUTFITTERS ADOPT EPILOG LASER’S LASER CUTTING AND ENGRAVING MACHINE TO EXPAND THEIR PRODUCT LINES
    5.11 TRADE ANALYSIS
           FIGURE 33 IMPORT DATA FOR HS CODE 901320, BY COUNTRY, 2017–2021 (USD MILLION)
           FIGURE 34 EXPORT DATA FOR HS CODE 901320, BY COUNTRY, 2017–2021 (USD MILLION)
    5.12 PATENT ANALYSIS
           FIGURE 35 ANALYSIS OF PATENTS GRANTED IN MARKET
           TABLE 8 LIST OF MAJOR PATENTS RELATED TO MARKET
    5.13 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 9 LASER TECHNOLOGY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.14 LASER PROCESSING CONFIGURATIONS
           5.14.1 TYPES OF LASER PROCESSING CONFIGURATIONS
                    5.14.1.1 Fixed beam
                    5.14.1.2 Moving beam
                    5.14.1.3 Hybrid
    5.15 TARIFF AND REGULATORY LANDSCAPE
           5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.15.2 REGULATORY STANDARDS
                    5.15.2.1 IEC 60825-1:2014
                    5.15.2.2 ANSI Z136.1
                    5.15.2.3 Federal Laser Product Performance Standard (FLPPS)
                    5.15.2.4 International Commission on Non-Ionizing Radiation Protection (ICNIRP) (2013)

6 LASER TECHNOLOGY MARKET, BY TYPE (Page No. - 85)
    6.1 INTRODUCTION
           FIGURE 36 MARKET, BY TYPE
           FIGURE 37 SOLID LASER SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 14 MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 15 MARKET, BY TYPE, 2022–2027 (USD MILLION)
    6.2 SOLID LASER
           6.2.1 GROWING ADOPTION OF SOLID LASERS TO PREVENT MATERIAL WASTAGE IN ACTIVE MEDIUM
                    TABLE 16 SOLID LASER: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 17 SOLID LASER: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 18 SOLID LASER: MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                    TABLE 19 SOLID LASER: MARKET, BY SUBTYPE, 2022–2027 (USD MILLION)
           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 RISING DEMAND FOR LIQUID LASERS IN AEROSPACE & DEFENSE VERTICAL TO ELIMINATE SURFACE-TO-AIR RISKS
                    TABLE 20 LIQUID LASER: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 21 LIQUID LASER: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 22 LIQUID LASER: MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                    TABLE 23 LIQUID LASER: MARKET, BY SUBTYPE, 2022–2027 (USD MILLION)
           6.3.2 X-RAY LASER
           6.3.3 DYE LASER
    6.4 GAS LASER
           6.4.1 RISING GAS LASER DEMAND FOR REMOTE SENSING
                    TABLE 24 GAS LASER: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 25 GAS LASER: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 26 GAS LASER: MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                    TABLE 27 GAS LASER: MARKET, BY SUBTYPE, 2022–2027 (USD MILLION)
           6.4.2 CO2 LASER
           6.4.3 EXCIMER LASER
           6.4.4 HELIUM-NEON (HE-NE) LASER
           6.4.5 ARGON LASER
           6.4.6 CHEMICAL LASER
    6.5 OTHERS
           TABLE 28 OTHERS: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 29 OTHERS: MARKET, BY REGION, 2022–2027 (USD MILLION)

7 LASER TECHNOLOGY MARKET, BY PRODUCT (Page No. - 99)
    7.1 INTRODUCTION
           FIGURE 38 MARKET FOR LASER SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 30 MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
           TABLE 31 MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
    7.2 SYSTEM
           7.2.1 GROWING DEMAND FOR LASER SYSTEMS IN INDUSTRIAL, COMMERCIAL, AUTOMOTIVE, AND MEDICAL VERTICALS
                    TABLE 32 SYSTEM: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 33 SYSTEM: MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 LASER
           7.3.1 HIGH DEMAND FOR DIFFERENT LASER TYPES FROM VARIOUS VERTICALS
                    TABLE 34 LASER: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 35 LASER: MARKET, BY REGION, 2022–2027 (USD MILLION)

8 LASER TECHNOLOGY MARKET, BY APPLICATION (Page No. - 103)
    8.1 INTRODUCTION
           FIGURE 39 MARKET, BY APPLICATION
           FIGURE 40 MARKET FOR OPTICAL COMMUNICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 36 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 37 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    8.2 LASER PROCESSING
           8.2.1 GROWING ADOPTION OF LASER TECHNOLOGY FOR MATERIAL PROCESSING
                    TABLE 38 LASER PROCESSING: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 39 LASER PROCESSING: MARKET, BY REGION, 2022–2027 (USD MILLION)
           8.2.2 MACRO PROCESSING
                    8.2.2.1 Cutting
                               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
                               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
                    8.2.2.4 Marking and engraving
           8.2.3 MICROPROCESSING
           8.2.4 ADVANCED PROCESSING
    8.3 OPTICAL COMMUNICATION
           8.3.1 RISING DEMAND FOR LASER TECHNOLOGY-BASED BROADBAND COMMUNICATION SYSTEMS
                    TABLE 40 OPTICAL COMMUNICATION: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 41 OPTICAL COMMUNICATION: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.4 OPTOELECTRONIC DEVICES
           8.4.1 GROWING DEMAND FOR OPTOELECTRONICS EQUIPMENT IN TELECOMMUNICATIONS AND HEALTHCARE VERTICALS
                    TABLE 42 OPTOELECTRONIC DEVICES: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 43 OPTOELECTRONIC DEVICES: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.5 OTHERS
           TABLE 44 OTHERS: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 45 OTHERS: MARKET, BY REGION, 2022–2027 (USD MILLION)

9 LASER TECHNOLOGY MARKET, BY VERTICAL (Page No. - 112)
    9.1 INTRODUCTION
           FIGURE 41 MARKET, BY VERTICAL
           FIGURE 42 MARKET FOR TELECOMMUNICATIONS VERTICAL TO HOLD LARGEST SHARE DURING FORECAST PERIOD
           TABLE 46 MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
           TABLE 47 MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
    9.2 TELECOMMUNICATIONS
           9.2.1 GROWING ADOPTION OF LASER TECHNOLOGY TO ACHIEVE HIGH DATA TRANSFER RATES
                    TABLE 48 TELECOMMUNICATIONS: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 49 TELECOMMUNICATIONS: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.3 INDUSTRIAL
           9.3.1 GROWING USE OF LASER TECHNOLOGY IN MANUFACTURING COMPANIES
                    TABLE 50 INDUSTRIAL: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 51 INDUSTRIAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.4 SEMICONDUCTOR & ELECTRONICS
           9.4.1 RISING USE OF LASER TECHNOLOGY TO MARK SEMICONDUCTOR MATERIALS
                    TABLE 52 SEMICONDUCTOR & ELECTRONICS: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 53 SEMICONDUCTOR & ELECTRONICS: MARKET, BY REGION, 2022–2027 (USD MILLION)
           9.4.2 MEMORY
           9.4.3 MICROPROCESSOR
           9.4.4 PHOTONIC INTEGRATED CIRCUIT (PIC)
    9.5 COMMERCIAL
           9.5.1 GROWING ADOPTION OF LASER TECHNOLOGY FOR PROJECTING, MARKING, AND PRINTING APPLICATIONS
                    TABLE 54 COMMERCIAL: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 55 COMMERCIAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.6 AEROSPACE & DEFENSE
           9.6.1 GROWING ADOPTION OF LASER TECHNOLOGY TO DEVELOP ADVANCED DEFENSE SYSTEMS
                    TABLE 56 AEROSPACE & DEFENSE: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 57 AEROSPACE & DEFENSE: MARKET, BY REGION, 2022–2027 (USD MILLION)
           9.6.2 AEROSPACE VERTICAL
           9.6.3 MISSILE VERTICAL
           9.6.4 SPACE VERTICAL
           9.6.5 COMBAT VEHICLE VERTICAL
           9.6.6 AMMUNITION & WEAPON VERTICAL
    9.7 AUTOMOTIVE
           9.7.1 RISING DEMAND FOR LASER MARKING SYSTEMS TO IMPRINT VEHICLE IDENTIFICATION NUMBERS (VINS)
                    TABLE 58 AUTOMOTIVE: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 59 AUTOMOTIVE: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.8 MEDICAL
           9.8.1 RISING USE OF LASER TECHNOLOGY IN FLOW CYTOMETRY, CELL SORTING, RETINAL SCANNING, AND PLASTIC JOINING
                    TABLE 60 MEDICAL: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 61 MEDICAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
           9.8.2 LASER VISION CORRECTION
           9.8.3 CONFOCAL MICROSCOPE
           9.8.4 OPTOGENETICS
    9.9 RESEARCH
           9.9.1 RISING DEMAND FOR LASER TECHNOLOGY IN SPACE COMMUNICATION RESEARCH
                    TABLE 62 RESEARCH: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 63 RESEARCH: MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.10 OTHERS
           TABLE 64 OTHERS: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 65 OTHERS: MARKET, BY REGION, 2022–2027 (USD MILLION)

10 LASER TECHNOLOGY MARKET, BY REGION (Page No. - 127)
     10.1 INTRODUCTION
             FIGURE 43 INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL MARKET, BY COUNTRY, DURING FORECAST PERIOD
             FIGURE 44 ROW TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
             TABLE 66 LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 67 MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.2 NORTH AMERICA
             FIGURE 45 NORTH AMERICA: SNAPSHOT OF LASER TECHNOLOGY MARKET
             TABLE 68 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 69 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 70 NORTH AMERICA: MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
             TABLE 71 NORTH AMERICA: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
             TABLE 72 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 73 NORTH AMERICA: MARKET, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 74 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 75 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 76 NORTH AMERICA: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
             TABLE 77 NORTH AMERICA: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Growing adoption of laser technology in defense vertical to develop laser-based weapons 
             10.2.2 CANADA
                        10.2.2.1 Rising applications of laser technology in aerospace & defense vertical 
             10.2.3 MEXICO
                        10.2.3.1 Rapid adoption of automation technologies in industrial and manufacturing sectors 
     10.3 EUROPE
             FIGURE 46 EUROPE: SNAPSHOT OF LASER TECHNOLOGY MARKET
             TABLE 78 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 79 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 80 EUROPE: MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
             TABLE 81 EUROPE: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
             TABLE 82 EUROPE: MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 83 EUROPE: MARKET, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 84 EUROPE: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 85 EUROPE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 86 EUROPE: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
             TABLE 87 EUROPE: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Large presence of prominent automobile and medical device manufacturing companies
             10.3.2 FRANCE
                        10.3.2.1 Growing demand for laser technology in automotive, telecommunications, and healthcare verticals
             10.3.3 UK
                        10.3.3.1 Rising focus of companies on developing advanced electronics using laser technology
             10.3.4 REST OF EUROPE
     10.4 ASIA PACIFIC
             FIGURE 47 ASIA PACIFIC: SNAPSHOT OF LASER TECHNOLOGY MARKET
             TABLE 88 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 89 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 90 ASIA PACIFIC: MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
             TABLE 91 ASIA PACIFIC: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
             TABLE 92 ASIA PACIFIC: MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 93 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 94 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 95 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 96 ASIA PACIFIC: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
             TABLE 97 ASIA PACIFIC: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Rising use of laser technology in automobile manufacturing
             10.4.2 JAPAN
                        10.4.2.1 Growing demand for electric and hybrid cars
             10.4.3 INDIA
                        10.4.3.1 Government-led initiatives to boost domestic manufacturing
             10.4.4 SOUTH KOREA
                        10.4.4.1 Rising demand for lasers in semiconductor & electronics vertical
             10.4.5 REST OF ASIA PACIFIC
     10.5 ROW
             FIGURE 48 SOUTH AMERICA TO REGISTER HIGHER CAGR IN ROW LASER TECHNOLOGY MARKET DURING FORECAST PERIOD
             TABLE 98 ROW: MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 99 ROW: MARKET, BY REGION, 2022–2027 (USD MILLION)
             TABLE 100 ROW: LASER TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
             TABLE 101 ROW: MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
             TABLE 102 ROW: MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 103 ROW: MARKET, BY TYPE, 2022–2027 (USD MILLION)
             TABLE 104 ROW: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 105 ROW: LASER TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 106 ROW: MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
             TABLE 107 ROW: MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
             10.5.1 MIDDLE EAST & AFRICA
                        10.5.1.1 Rising demand for laser processing systems in automotive industry
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Increasing use of laser technology in Chile and Argentina

11 COMPETITIVE LANDSCAPE (Page No. - 150)
     11.1 INTRODUCTION
             TABLE 108 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN LASER TECHNOLOGY MARKET
     11.2 REVENUE ANALYSIS OF TOP 5 PLAYERS
             FIGURE 49 TOP 5 PLAYERS INMARKET, 2017–2021
     11.3 MARKET SHARE ANALYSIS
             TABLE 109 MARKET: MARKET SHARE OF KEY COMPANIES
     11.4 COMPANY EVALUATION QUADRANT, 2021
             11.4.1 STARS
             11.4.2 EMERGING LEADERS
             11.4.3 PERVASIVE PLAYERS
             11.4.4 PARTICIPANTS
                        FIGURE 50 LASER TECHNOLOGY MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     11.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021
             11.5.1 PROGRESSIVE COMPANIES
             11.5.2 RESPONSIVE COMPANIES
             11.5.3 DYNAMIC COMPANIES
             11.5.4 STARTING BLOCKS
                        FIGURE 51 MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021
     11.6 LASER TECHNOLOGY MARKET: COMPANY FOOTPRINT
             TABLE 110 TYPE: COMPANY FOOTPRINT
             TABLE 111 PRODUCT: COMPANY FOOTPRINT
             TABLE 112 APPLICATION: COMPANY FOOTPRINT
             TABLE 113 VERTICAL: COMPANY FOOTPRINT
             TABLE 114 REGION: COMPANY FOOTPRINT
             TABLE 115 COMPANY FOOTPRINT
     11.7 COMPETITIVE BENCHMARKING
             TABLE 116 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 117 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.8 COMPETITIVE SITUATIONS AND TRENDS
             11.8.1 PRODUCT LAUNCHES
                        TABLE 118 LASER TECHNOLOGY MARKET: PRODUCT LAUNCHES, FEBRUARY 2021– JUNE 2022
             11.8.2 DEALS
                        TABLE 119 MARKET: DEALS, JANUARY 2021–APRIL 2022
             11.8.3 OTHERS
                        TABLE 120 MARKET: OTHERS, MAY 2021–JUNE 2022

12 COMPANY PROFILES (Page No. - 174)
     (Business overview, Products offered, Recent Developments, MNM view)* 
     12.1 INTRODUCTION
     12.2 KEY PLAYERS
             12.2.1 600 GROUP
                        TABLE 121 600 GROUP: BUSINESS OVERVIEW
                        FIGURE 52 600 GROUP: COMPANY SNAPSHOT
                        TABLE 122 600 GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.2 BYSTRONIC LASERS
                        TABLE 123 BYSTRONIC LASERS: BUSINESS OVERVIEW
                        FIGURE 53 BYSTRONIC LASERS: COMPANY SNAPSHOT
                        TABLE 124 BYSTRONIC LASERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 125 BYSTRONIC LASERS: PRODUCT LAUNCHES
             12.2.3 COHERENT
                        TABLE 126 COHERENT: BUSINESS OVERVIEW
                        FIGURE 54 COHERENT: COMPANY SNAPSHOT
                        TABLE 127 COHERENT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 128 COHERENT: PRODUCT LAUNCHES
             12.2.4 EPILOG LASER
                        TABLE 129 EPILOG LASER: BUSINESS OVERVIEW
                        TABLE 130 EPILOG LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 131 EPILOG LASER: PRODUCT LAUNCHES
                        TABLE 132 EPILOG LASER: OTHERS
             12.2.5 EUROLASER
                        TABLE 133 EUROLASER: BUSINESS OVERVIEW
                        TABLE 134 EUROLASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.6 GRAVOTECH
                        TABLE 135 GRAVOTECH: BUSINESS OVERVIEW
                        TABLE 136 GRAVOTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 137 GRAVOTECH: PRODUCT LAUNCHES
             12.2.7 HAN’S LASER
                        TABLE 138 HAN’S LASER: BUSINESS OVERVIEW
                        FIGURE 55 HAN’S LASER: COMPANY SNAPSHOT
                        TABLE 139 HAN’S LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.8 IPG PHOTONICS
                        TABLE 140 IPG PHOTONICS: BUSINESS OVERVIEW
                        FIGURE 56 IPG PHOTONICS: COMPANY SNAPSHOT
                        TABLE 141 IPG PHOTONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 142 IPG PHOTONICS: PRODUCT LAUNCHES
             12.2.9 JENOPTIK
                        TABLE 143 JENOPTIK: BUSINESS OVERVIEW
                        FIGURE 57 JENOPTIK: COMPANY SNAPSHOT
                        TABLE 144 JENOPTIK: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 145 JENOPTIK: PRODUCT LAUNCHES
                        TABLE 146 JENOPTIK: OTHERS
             12.2.10 LASERSTAR
                        TABLE 147 LASERSTAR: BUSINESS OVERVIEW
                        TABLE 148 PRODUCTS/SOLUTIONS/SERVICES OFFERED
             12.2.11 LUMENTUM
                        TABLE 149 LUMENTUM: BUSINESS OVERVIEW
                        FIGURE 58 LUMENTUM: COMPANY SNAPSHOT
                        TABLE 150 LUMENTUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 151 LUMENTUM: PRODUCT LAUNCHES
             12.2.12 LUMIBIRD
                        TABLE 152 LUMIBIRD: BUSINESS OVERVIEW
                        FIGURE 59 LUMIBIRD: COMPANY SNAPSHOT
                        TABLE 153 LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 154 LUMIBIRD: PRODUCT LAUNCHES
             12.2.13 MKS INSTRUMENTS
                        TABLE 155 MKS INSTRUMENTS: BUSINESS OVERVIEW
                        FIGURE 60 MKS INSTRUMENTS: COMPANY SNAPSHOT
                        TABLE 156 MKS INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 157 MKS INSTRUMENTS: DEALS
             12.2.14 NOVANTA
                        TABLE 158 NOVANTA: BUSINESS OVERVIEW
                        FIGURE 61 NOVANTA: COMPANY SNAPSHOT
                        TABLE 159 NOVANTA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 160 NOVANTA: PRODUCT LAUNCHES
             12.2.15 TRUMPF
                        TABLE 161 TRUMPF: BUSINESS OVERVIEW
                        FIGURE 62 TRUMPF: COMPANY SNAPSHOT
                        TABLE 162 TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 163 TRUMPF: PRODUCT LAUNCHES
     12.3 OTHER PLAYERS
             12.3.1 ALPHALAS GMBH
                        TABLE 164 ALPHALAS GMBH: COMPANY OVERVIEW
             12.3.2 APPLIED LASER TECHNOLOGY, INC.
                        TABLE 165 APPLIED LASER TECHNOLOGY, INC.: COMPANY OVERVIEW
             12.3.3 ARIMA LASERS CORP.
                        TABLE 166 ARIMA LASERS CORP.: COMPANY OVERVIEW
             12.3.4 FOCUSLIGHT TECHNOLOGIES
                        TABLE 167 FOCUSLIGHT TECHNOLOGIES: COMPANY OVERVIEW
             12.3.5 INNO LASER TECHNOLOGY CO., LTD.
                        TABLE 168 INNO LASER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             12.3.6 NKT PHOTONICS GMBH
                        TABLE 169 NKT PHOTONICS GMBH: COMPANY OVERVIEW
             12.3.7 PHOTONICS INDUSTRIES
                        TABLE 170 PHOTONICS INDUSTRIES: COMPANY OVERVIEW
             12.3.8 SFX LASER
                        TABLE 171 SFX LASER: COMPANY OVERVIEW
             12.3.9 TOPTICA PHOTONICS
                        TABLE 172 TOPTICA PHOTONICS: COMPANY OVERVIEW
             12.3.10 VESCENT PHOTONICS LLC
                        TABLE 173 VESCENT PHOTONICS LLC: COMPANY OVERVIEW
     *Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 

13 ADJACENT AND RELATED MARKETS (Page No. - 221)
     13.1 INTRODUCTION
     13.2 LIMITATIONS
     13.3 INDUSTRIAL SENSORS MARKET, BY TYPE
             13.3.1 INTRODUCTION
     13.4 TERAHERTZ IMAGING AND SPECTROSCOPY APPLICATIONS
             TABLE 174 TERAHERTZ TECHNOLOGY IMAGING AND SPECTROSCOPY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 175 TERAHERTZ TECHNOLOGY IMAGING AND SPECTROSCOPY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             13.4.1 LABORATORY RESEARCH
                        13.4.1.1 Terahertz technology is useful in experiments conducted for variety of purposes
                        13.4.1.2 Material characterization
                        13.4.1.3 Biochemistry
                        13.4.1.4 Plasma diagnostics
                                     TABLE 176 LABORATORY RESEARCH: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 177 LABORATORY RESEARCH: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
             13.4.2 MEDICAL AND HEALTHCARE
                        13.4.2.1 Unique features make terahertz imaging attractive for medical applications
                        13.4.2.2 Oncology
                        13.4.2.3 Dentistry
                        13.4.2.4 Dermatology
                        13.4.2.5 Tomography
                                     TABLE 178 MEDICAL AND HEALTHCARE: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 179 MEDICAL AND HEALTHCARE: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
             13.4.3 MILITARY AND HOMELAND SECURITY
                        13.4.3.1 Terahertz waves find applications in airport passenger and baggage screening
                        13.4.3.2 Passenger screening
                        13.4.3.3 Landmine and improvised explosive device detection
                                     TABLE 180 MILITARY AND HOMELAND SECURITY: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 181 MILITARY AND HOMELAND SECURITY: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
             13.4.4 INDUSTRIAL NON-DESTRUCTIVE TESTING (NDT)
                        13.4.4.1 Imaging and spectroscopic capabilities of terahertz technology make it suitable for investigating material integrity
                        13.4.4.2 Aerospace
                        13.4.4.3 Semiconductor and electronics
                        13.4.4.4 Pharmaceuticals
                                     TABLE 182 INDUSTRIAL NDT: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 183 INDUSTRIAL NDT: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
     13.5 TERAHERTZ COMMUNICATION SYSTEM APPLICATIONS
             TABLE 184 TERAHERTZ TECHNOLOGY COMMUNICATION SYSTEMS MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 185 TERAHERTZ TECHNOLOGY COMMUNICATION SYSTEMS MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             13.5.1 SATELLITE COMMUNICATIONS
                        13.5.1.1 Use of terahertz technology facilitates users with larger bandwidth
                                     TABLE 186 SATELLITE COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 187 SATELLITE COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
             13.5.2 TACTICAL/MILITARY COMMUNICATIONS
                        13.5.2.1 Terahertz properties such as high frequency and short wavelength are suitable for military communication applications
                                     TABLE 188 TACTICAL/MILITARY COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 189 TACTICAL/MILITARY COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
             13.5.3 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS
                        13.5.3.1 Terahertz waves can be used for short-distance outdoor/indoor wireless communication applications
                                     TABLE 190 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 191 OUTDOOR/INDOOR WIRELESS COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)

14 APPENDIX (Page No. - 235)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 CUSTOMIZATION OPTIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the laser technology market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Finally, 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 identify and collect information relevant to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly conducted to obtain key information about the industry’s supply chain, value chain of the market, total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative information relevant to this report. Primary sources from the supply side include experts such as CEOs, VPs, marketing directors, technology and innovation directors, application developers, application users, and related executives from various key companies and organizations operating in the laser technology ecosystem. Following is the breakdown of primary respondents:

Laser Technology Market Size, and Share

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

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the size of the overall laser technology market and the market based on segments. The research methodology used to estimate the market size has been given below:

  • Major players operating in the laser technology market have been identified and considered for the report through extensive secondary research.
  • The supply chain and market size of the laser technology market, both in terms of value and units, have been estimated/determined through secondary and primary research processes.
  • All estimations and calculations, including percentage share, revenue mix, splits, and breakdowns have been determined through use of secondary sources which are further verified through primary sources.

Global laser technology market Size: Bottom-Up Approach

Laser Technology Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.

Report Objectives:

  • To describe and forecast the laser technology market, in terms of value, based on type, product, application, and vertical
  • To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific (APAC), and the Rest of World (RoW)
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the market growth
  • To provide a detailed overview of the value chain of the laser technology ecosystem
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze the opportunities in the market for stakeholders and details of the competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies
  • To analyze the major growth strategies implemented by key market players, such as contracts, agreements, acquisitions, product launches, expansions, and partnerships

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Laser Technology Market Size,  Share & Growth Report
Report Code
SE 2726
Published ON
Aug, 2022
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