Lasers for Industrial Applications: Global Markets
The global market for industrial lasers reached $4.3 billion in 2014. This market is projected to grow from nearly $4.6 billion in 2015 to $6.3 billion in 2020, representing a compound annual growth rate (CAGR) of 6.6% between 2015 and 2020.
The consumer electronics industry of this market will grow from nearly $1.5 billion in 2015 to $2.0 billion in 2020 at a CAGR of 6.1%.
The construction industry of this market will grow from $846.5 million in 2015 to nearly $1.2 billion in 2020 at a CAGR of 6.4%.
