HOME Research Insight Coherent, Inc. (US) and IPG Photonics Corp. (US) are the Key Players in the Laser Technology Market

Coherent, Inc. (US) and IPG Photonics Corp. (US) are the Key Players in the Laser Technology Market

The laser technology market is highly competitive with the presence of a large number of small and big players. This market is expected to grow at a CAGR of 5.2% during the forecast period. In 2016, Coherent, Inc. (US) dominated the laser technology market. The strategy of new product launches has been the key strategy adopted by the market players to grow in the laser technology market. This strategy accounted for a share of ~76% of the overall growth strategies adopted by the players in the laser technology market between January 2014 and March 2017.

The increasing demand for laser technology in the medical, telecommunication, industrial, automotive, and other verticals has encouraged the companies to adopt this strategy. Besides new product launches, the companies have also adopted the strategies of agreements, expansions, collaborations, partnerships, and acquisitions to expand their business operations, product portfolio, and distribution network, as well as to increase their market share and strengthen their position in this market.

Coherent, Inc. (US) is one of the leading designer, manufacturer, and seller of laser and laser-based technology solutions for commercial, industrial, and scientific applications. The company sells its laser product under two business segments—Specialty Laser and Systems (SLS) and Commercial Laser and Components (CLC). The SLS segment deals in microelectronics, scientific research, and government programs and original equipment manufacturer (OEM) components and instrumentation market. The CLC segment deals in materials processing, OEM components and instrumentation, and microelectronics. Coherent, Inc. has its presence in the Americas, Europe, the Middle East and Africa, and Asia Pacific. In January 2017, the company launched an enhanced diode laser module with two new wavelengths, CW Power, and high beam quality features. In November 2016, the company acquired ROFIN-SINAR Technologies (US), one of the leading manufacturers of industrial laser technology.

IPG Photonics Corp. (US) develops and manufactures fiber laser, diode laser, and fiber amplification. The company operates its business through six product lines—high-power continuous wave (CW) lasers, medium-power CW lasers, low-power CW lasers, pulsed lasers, quasi-continuous wave (QCW) lasers, and others (laser systems, service, parts, and accessories). The company has a strong technology portfolio with 240 patents and 380 patent applications globally related to optical fiber laser, semiconductor, laser and telecommunications systems, applications of fiber lasers, and others.  In December 2016, the company acquired Bio Photonics Solutions, Inc. (US), a developer and seller of pulse shaping software technology for ultra-fast laser. 

Related 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

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