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Laser Technology Market by Type (Solid, Liquid, Gas and Others), Revenue (Laser Revenue and System Revenue), Application (Laser Processing and Optical Communications), End User, Geography – Global Forecast to 2025

August 2020 | 188 pages | ID: L0F09F51858EN
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“Laser technology market to grow at CAGR of 8.6% during 2020–2025”

The Laser technology market size is expected to grow from USD 11.7 billion in 2020 to USD 17.6 billion by 2025, at a CAGR of 8.6%. Increasing demand from healthcare vertical and Better performance of lasers over traditional material processing techniques are the key factors driving the growth of the Laser technology market.

“Solid type lasers to hold largest size of Laser technology market during forecast period”

The market for solid lasers accounted for the largest size in 2019. A solid laser is the one that consists of an active medium in the solid form. The active medium in a solid laser comprises a glass or crystalline host material, which is later doped using rare earth materials, such as neodymium, chromium, erbium, or ytterbium. Solid lasers use a solid material as the active medium, and the upper energy levels of ions are without any radiation; however, when the energy transition takes place, the metastable upper laser level is reached. This is the point where emission occurs, resulting in lasing. Solid lasers prevent the wastage of materials in the active medium and produce both continuous and pulsed output at a higher efficiency than He-Ne and argon lasers by about 2% to 3%.

“System Revenue to hold largest share of Laser technology market in 2020”

The market for system revenue is estimated to account for a larger share of the overall laser technology market, in 2019. System revenue covers the revenue generated from the sales of several types of laser systems for marking & engraving, welding & brazing, cutting & scribing, drilling, cladding & coating, annealing, and material removal, and other multi-function laser systems. The ability of these systems to perform a wide range of functions expands their utility across several verticals, such as industrial, commercial, automotive, and medical.

“APAC to dominate Laser technology market in 2019”

In terms of value, APAC led the laser technology market in 2019, accounting for the largest share of the overall laser technology market, by region. The major countries contributing to the laser technology market in APAC include China, Taiwan, Japan, South Korea, Malaysia, Indonesia, Australia, Myanmar, Bangladesh, and India. APAC has been ahead in terms of adoption of laser technology products and solutions compared with other regions. The region’s increasing R&D investments, and growing manufacturing and electronics sectors are expected to drive the growth of the laser technology market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the Laser technology market space. The break-up of primary participants for the report has been shown below:
  • By Company Type: Tier 1= 35%, Tier 2 = 45%, and Tier 3 =20%
  • By Designation: C-level Executives =35%, Directors =25%, Others = 40%
  • By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%
Coherent (US), IPG Photonics (US), Trumpf (Germany), Lumentum (US), Jenoptik (Germany), Novanta (US), Lumibird (France), Laser Star (US), Epilog Laser (US), Han’s Laser (China), MKS Instruments (US), Gravotech (France), 600 Group (UK), Eurolasers (Germany), Bystronic Lasers (Switzerland), Toptica Photonics (Germany), Photonics Industries (US), Focuslight Technologies (China), Corning Incorporated (US), and Access Lasers (US) are a few major companies dominating the Laser technology market.

Research Coverage:

This research report categorizes the global Laser technology market based on end-user industry, applications, type, Revenue, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the Laser technology industry and forecasts the same till 2025.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:

1. This report segments the Laser technology market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product development and launch, partnership, and merger.
1 INTRODUCTION

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 INCLUSIONS AND EXCLUSIONS
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 1 LASER TECHNOLOGY MARKET: RESEARCH DESIGN
  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)
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  2.2.2 TOP-DOWN APPROACH
    2.2.2.1 Approach for top-down analysis (supply side)
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 4 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 5 ASSUMPTIONS FOR THE RESEARCH STUDY

3 EXECUTIVE SUMMARY

FIGURE 6 GLOBAL LASER TECHNOLOGY MARKET, 2017-2025 (USD BILLION)
FIGURE 7 TELECOMMUNICATIONS HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET IN 2019
FIGURE 8 SOLID LASER HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY TYPE IN 2019
FIGURE 9 SYSTEM REVENUE TO HOLD LARGER SHARE OF LASER TECHNOLOGY MARKET, BY REVENUE IN 2019
FIGURE 10 LASER PROCESSING HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY APPLICATION IN 2019
FIGURE 11 LASER TECHNOLOGY MARKET, BY REGION, 2019

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES IN LASER TECHNOLOGY MARKET
FIGURE 12 HUGE DEMAND FROM HEALTHCARE VERTICAL AND ENHANCED PERFORMANCE OVER TRADITIONAL MATERIAL PROCESSING TECHNIQUES TO PROPEL GROWTH OF LASER TECHNOLOGY MARKET
4.2 LASER TECHNOLOGY MARKET IN APAC, BY COUNTRY AND END-USER INDUSTRY
FIGURE 13 CHINA AND TELECOMMUNICATIONS HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET IN APAC IN 2019
4.3 LASER TECHNOLOGY MARKET, BY REVENUE
FIGURE 14 SYSTEM REVENUE EXPECTED TO HOLD LARGER SHARE OF LASER TECHNOLOGY MARKET, BY REVENUE IN 2025
4.4 LASER TECHNOLOGY MARKET, BY TYPE
FIGURE 15 SOLID LASER EXPECTED TO HOLD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY TYPE DURING FORECAST PERIOD
4.5 LASER TECHNOLOGY MARKET, BY APPLICATION
FIGURE 16 LASER PROCESSING EXPECTED TO HOLD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY APPLICATION IN 2025
4.6 LASER TECHNOLOGY MARKET, BY END-USER INDUSTRY
FIGURE 17 TELECOMMUNICATIONS EXPECTED TO HOLD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY END-USER INDUSTRY IN 2025
4.7 LASER TECHNOLOGY MARKET, BY COUNTRY
FIGURE 18 GERMANY HELD LARGEST SHARE OF LASER TECHNOLOGY MARKET IN 2019

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 LASER TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  5.2.1 DRIVERS
    5.2.1.1 Increasing demand from healthcare vertical
    5.2.1.2 Better performance of lasers over traditional material processing techniques
    5.2.1.3 Preference for laser-based material processing over traditional approaches
    5.2.1.4 Shift toward production of nanodevices and microdevices
FIGURE 20 GLOBAL SEMICONDUCTOR SILICON MATERIALS SALES IN MILLION SQUARE INCHES (MSI), 2015–2018
FIGURE 21 LASER TECHNOLOGY MARKET DRIVERS AND THEIR IMPACT
  5.2.2 RESTRAINTS
    5.2.2.1 High deployment cost and lack of personnel with required technical expertise
FIGURE 22 LASER TECHNOLOGY MARKET RESTRAINTS AND THEIR IMPACT
  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 communication
FIGURE 23 TOP 10 COUNTRIES WITH FIBER CONNECTIONS IN TOTAL BROADBAND (%)
AS OF JUNE 2019
FIGURE 24 LASER TECHNOLOGY MARKET OPPORTUNITIES AND THEIR IMPACT
  5.2.4 CHALLENGES
    5.2.4.1 Environmental concerns over use of rare-earth elements
    5.2.4.2 Technical complexities in high-power lasers
FIGURE 25 LASER TECHNOLOGY MARKET CHALLENGES AND THEIR IMPACT
5.3 VALUE CHAIN ANALYSIS
FIGURE 26 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND LASER SYSTEM INTEGRATORS
5.4 IMPACT OF COVID-19 ON LASER TECHNOLOGY MARKET
TABLE 1 LASER TECHNOLOGY MARKET, PRE-COVID-19 VS POST-COVID-19, 2017–2025 (USD BILLION)

6 LASER TECHNOLOGY MARKET, BY TYPE

6.1 INTRODUCTION
FIGURE 27 LASER TECHNOLOGY MARKET FOR SOLID LASER TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 2 LASER TECHNOLOGY MARKET, BY LASER TYPE, 2017–2025 (USD BILLION)
6.2 SOLID LASER
  6.2.1 SOLID LASERS PREVENT WASTAGE OF MATERIALS IN ACTIVE MEDIUM AND PRODUCE BOTH CONTINUOUS AND PULSED OUTPUT
TABLE 3 SOLID LASER TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)
TABLE 4 SOLID LASER TECHNOLOGY MARKET, BY SUBTYPE, 2017–2025 (USD BILLION)
  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 LIQUID LASERS HAVE BEEN GAINING TRACTION IN MILITARY SECTOR FOR ERADICATION OF SURFACE-TO-AIR THREATS
TABLE 5 LIQUID LASER TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)
TABLE 6 LIQUID LASER TECHNOLOGY MARKET, BY SUBTYPE, 2017–2025 (USD BILLION)
  6.3.2 X-RAY LASER
  6.3.3 DYE LASER
6.4 GAS LASER
  6.4.1 IN GAS LASERS, LINEWIDTHS ARE MUCH NARROWER COMPARED WITH SOLID AND LIQUID LASERS
TABLE 7 GAS LASER TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)
TABLE 8 GAS LASER TECHNOLOGY MARKET, BY SUBTYPE, 2017–2025 (USD BILLION)
  6.4.2 CO2 LASER
  6.4.3 EXCIMER LASER
  6.4.4 HE-NE LASER
  6.4.5 ARGON LASER
  6.4.6 CHEMICAL LASER
6.5 OTHERS
TABLE 9 OTHER LASERS TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)

7 LASER TECHNOLOGY MARKET, BY REVENUE

7.1 INTRODUCTION
FIGURE 28 LASER TECHNOLOGY MARKET FOR LASER REVENUE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 10 LASER TECHNOLOGY MARKET, BY REVENUE, 2017–2025 (USD BILLION)
7.2 SYSTEM REVENUE
  7.2.1 EXTENSIVE APPLICABILITY OF LASER SYSTEMS EXPANDS THEIR UTILITY ACROSS VERTICALS SUCH AS INDUSTRIAL, COMMERCIAL, AUTOMOTIVE, AND MEDICAL
TABLE 11 LASER TECHNOLOGY MARKET FOR SYSTEM REVENUE, BY REGION, 2017–2025 (USD BILLION)
7.3 LASER REVENUE
  7.3.1 LASER REVENUE COVERS REVENUE GENERATED FROM SALES OF DIFFERENT TYPES OF LASERS
TABLE 12 LASER TECHNOLOGY MARKET FOR LASER REVENUE, BY REGION, 2017–2025 (USD BILLION)

8 LASER TECHNOLOGY MARKET, BY APPLICATION

8.1 INTRODUCTION
FIGURE 29 LASER TECHNOLOGY MARKET FOR OPTICAL COMMUNICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 13 LASER TECHNOLOGY MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
8.2 LASER PROCESSING
  8.2.1 LASER PROCESSING INVOLVES USING LASER FOR APPLICATIONS SUCH
AS MATERIALS PROCESSING, MICROPROCESSING, AND ADVANCED PROCESSING
TABLE 14 LASER TECHNOLOGY MARKET FOR LASER PROCESSING, BY REGION, 2017–2025 (USD MILLION)
  8.2.2 MACROPROCESSING
    8.2.2.1 Cutting
TABLE 15 LASER TECHNOLOGY MARKET FOR CUTTING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
      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
TABLE 16 LASER TECHNOLOGY MARKET FOR DRILLING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
      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
TABLE 17 LASER TECHNOLOGY MARKET FOR WELDING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
    8.2.2.4 Marking and engraving
TABLE 18 LASER TECHNOLOGY MARKET FOR MARKING & ENGRAVING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
  8.2.3 MICROPROCESSING
  8.2.4 ADVANCED PROCESSING
8.3 OPTICAL COMMUNICATIONS
  8.3.1 LASER TECHNOLOGY DEVICES ARE USED AS HIGH-SPEED TRANSMITTERS IN ANALOG AND DIGITAL FIBER NETWORKS
TABLE 19 LASER TECHNOLOGY MARKET FOR OPTICAL COMMUNICATIONS, BY REGION, 2017–2025 (USD MILLION)
8.4 OTHERS
TABLE 20 LASER TECHNOLOGY MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)

9 LASER TECHNOLOGY MARKET, BY END-USER INDUSTRY

9.1 INTRODUCTION
FIGURE 30 LASER TECHNOLOGY MARKET FOR OTHERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 21 LASER TECHNOLOGY MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
9.2 TELECOMMUNICATIONS
  9.2.1 LASER COMMUNICATION PROVIDES HIGH DATA TRANSFER RATES WITH LOW POWER CONSUMPTION AND IS A HIGHLY SECURE MEDIUM FOR DATA TRANSMISSION
TABLE 22 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS, BY REGION, 2017–2025 (USD MILLION)
TABLE 23 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 24 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 25 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 26 LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS IN ROW, BY REGION, 2017–2025 (USD MILLION)
9.3 INDUSTRIAL
  9.3.1 LASER TECHNOLOGY IS USED IN VARIOUS INDUSTRIAL SECTORS, SUCH AS MINING, MANUFACTURING, AND ARCHITECTURE
TABLE 27 LASER TECHNOLOGY MARKET FOR INDUSTRIAL, BY REGION, 2017–2025 (USD MILLION)
TABLE 28 LASER TECHNOLOGY MARKET FOR INDUSTRIAL IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 29 LASER TECHNOLOGY MARKET FOR INDUSTRIAL IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 30 LASER TECHNOLOGY MARKET FOR INDUSTRIAL IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 31 LASER TECHNOLOGY MARKET FOR INDUSTRIAL IN ROW, BY REGION, 2017–2025 (USD MILLION)
9.4 SEMICONDUCTOR & ELECTRONICS
  9.4.1 LASER MARKING IS USED FOR MARKING SEMICONDUCTOR MATERIALS, SUCH AS WAFERS, MOLD COMPOUNDS, CERAMICS, INTEGRATED CIRCUITS (ICS), AND SILICON
TABLE 32 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 2017–2025 (USD MILLION)
TABLE 33 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS
IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 34 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS
IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 35 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS
IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 36 LASER TECHNOLOGY MARKET FOR SEMICONDUCTOR & ELECTRONICS
IN ROW, BY REGION, 2017–2025 (USD MILLION)
  9.4.2 MEMORY
  9.4.3 MICROPROCESSORS
  9.4.4 INTEGRATED CIRCUIT
9.5 COMMERCIAL
  9.5.1 LASER TECHNOLOGY IS USED FOR FUNCTIONS SUCH AS PROJECTING, MARKING, AND PRINTING
TABLE 37 LASER TECHNOLOGY MARKET FOR COMMERCIAL, BY REGION, 2017–2025 (USD MILLION)
TABLE 38 LASER TECHNOLOGY MARKET FOR COMMERCIAL IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 39 LASER TECHNOLOGY MARKET FOR COMMERCIAL IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 40 LASER TECHNOLOGY MARKET FOR COMMERCIAL IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 41 LASER TECHNOLOGY MARKET FOR COMMERCIAL IN ROW, BY REGION, 2017–2025 (USD MILLION)
9.6 AEROSPACE & DEFENSE
  9.6.1 DEMAND FOR LASER TECHNOLOGY IS GROWING AS IT HELPS IN ENHANCING FUEL EFFICIENCY AND REDUCING MANUFACTURING COSTS
TABLE 42 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2025 (USD MILLION)
TABLE 43 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 44 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 45 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 46 LASER TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2017–2025 (USD MILLION)
  9.6.2 AEROSPACE INDUSTRY
  9.6.3 MISSILES INDUSTRY
  9.6.4 SPACE INDUSTRY
  9.6.5 COMBAT VEHICLES INDUSTRY
  9.6.6 AMMUNITION & WEAPONS INDUSTRY
9.7 AUTOMOTIVE
  9.7.1 AUTOMOTIVE MANUFACTURERS USE LASER MARKING SYSTEMS TO IMPRINT VEHICLE IDENTIFICATION NUMBERS (VIN)
TABLE 47 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE, BY REGION, 2017–2025 (USD MILLION)
TABLE 48 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 49 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 50 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 51 LASER TECHNOLOGY MARKET FOR AUTOMOTIVE IN ROW, BY REGION, 2017–2025 (USD MILLION)
9.8 MEDICAL
  9.8.1 LASER TECHNOLOGY IS USED IN FLOW CYTOMETRY, CELL SORTING, MICROSCOPY, DNA SEQUENCING, RETINAL SCANNING, AND PLASTIC JOINING
TABLE 52 LASER TECHNOLOGY MARKET FOR MEDICAL, BY REGION, 2017–2025 (USD MILLION)
TABLE 53 LASER TECHNOLOGY MARKET FOR MEDICAL IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 54 LASER TECHNOLOGY MARKET FOR MEDICAL IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 55 LASER TECHNOLOGY MARKET FOR MEDICAL IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 56 LASER TECHNOLOGY MARKET FOR MEDICAL IN ROW, BY REGION, 2017–2025 (USD MILLION)
  9.8.2 LASER VISION CORRECTION
  9.8.3 CONFOCAL MICROSCOPE
  9.8.4 OPTOGENETICS
9.9 RESEARCH
  9.9.1 LASER IS USED IN SPACE COMMUNICATION RESEARCH STUDIES
TABLE 57 LASER TECHNOLOGY MARKET FOR RESEARCH, BY REGION, 2017–2025 (USD MILLION)
TABLE 58 LASER TECHNOLOGY MARKET FOR RESEARCH IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 59 LASER TECHNOLOGY MARKET FOR RESEARCH IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 60 LASER TECHNOLOGY MARKET FOR RESEARCH IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 61 LASER TECHNOLOGY MARKET FOR RESEARCH IN ROW, BY REGION, 2017–2025 (USD MILLION)
9.10 OTHERS
TABLE 62 LASER TECHNOLOGY MARKET FOR OTHERS, BY REGION, 2017–2025 (USD MILLION)
TABLE 63 LASER TECHNOLOGY MARKET FOR OTHERS IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 64 LASER TECHNOLOGY MARKET FOR OTHERS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 65 LASER TECHNOLOGY MARKET FOR OTHERS IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 66 LASER TECHNOLOGY MARKET FOR OTHERS IN ROW, BY REGION, 2017–2025 (USD MILLION)

10 LASER PROCESSING CONFIGURATIONS

10.1 TYPES OF CONFIGURATION FOR LASER PROCESSING
  10.1.1 FIXED BEAM
  10.1.2 MOVING BEAM
  10.1.3 HYBRID

11 GEOGRAPHIC ANALYSIS

11.1 INTRODUCTION
FIGURE 31 GEOGRAPHIC SNAPSHOT: LASER TECHNOLOGY MARKET
FIGURE 32 ROW TO WITNESS HIGHEST CAGR IN LASER TECHNOLOGY MARKET DURING FORECAST PERIOD
TABLE 67 LASER TECHNOLOGY MARKET, BY REGION, 2017–2025 (USD BILLION)
11.2 NORTH AMERICA
FIGURE 33 SNAPSHOT OF LASER TECHNOLOGY MARKET IN NORTH AMERICA
TABLE 68 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD BILLION)
TABLE 69 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 70 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY LASER TYPE, 2017–2025 (USD BILLION)
TABLE 71 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 72 LASER TECHNOLOGY MARKET IN NORTH AMERICA, BY REVENUE, 2017–2025 (USD BILLION)
  11.2.1 US
    11.2.1.1 Key factors driving growth of laser technology market in US include deployment of laser weapons in defense and use of laser in medical procedures
TABLE 73 LASER TECHNOLOGY MARKET IN US, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.2.2 CANADA
    11.2.2.1 Laser technology market in Canada is fueled by demand for lasers from aerospace & defense industry
TABLE 74 LASER TECHNOLOGY MARKET IN CANADA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.2.3 MEXICO
    11.2.3.1 Laser technology market in Mexico has gained momentum with rapid adoption of automation in industrial manufacturing sector
TABLE 75 LASER TECHNOLOGY MARKET IN MEXICO, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
11.3 EUROPE
FIGURE 34 SNAPSHOT OF LASER TECHNOLOGY MARKET IN EUROPE
TABLE 76 LASER TECHNOLOGY MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD BILLION)
TABLE 77 LASER TECHNOLOGY MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 78 LASER TECHNOLOGY MARKET IN EUROPE, BY LASER TYPE, 2017–2025 (USD BILLION)
TABLE 79 LASER TECHNOLOGY MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 80 LASER TECHNOLOGY MARKET IN EUROPE, BY REVENUE, 2017–2025 (USD BILLION)
  11.3.1 GERMANY
    11.3.1.1 Presence of prominent automotive and medical companies is expected to support growth of laser technology market in Germany
TABLE 81 LASER TECHNOLOGY MARKET IN GERMANY, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.3.2 FRANCE
    11.3.2.1 Automotive, telecommunications, and healthcare verticals to present promising growth opportunities in France
TABLE 82 LASER TECHNOLOGY MARKET IN FRANCE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.3.3 UK
    11.3.3.1 Technological developments in electronics are bringing significant changes in almost all verticals
TABLE 83 LASER TECHNOLOGY MARKET IN UK, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.3.4 REST OF EUROPE
TABLE 84 LASER TECHNOLOGY MARKET IN REST OF EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
11.4 ASIA PACIFIC
FIGURE 35 SNAPSHOT OF LASER TECHNOLOGY MARKET IN APAC
TABLE 85 LASER TECHNOLOGY MARKET IN APAC, BY COUNTRY, 2017–2025 (USD BILLION)
TABLE 86 LASER TECHNOLOGY MARKET IN APAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 87 LASER TECHNOLOGY MARKET IN APAC, BY LASER TYPE, 2017–2025 (USD MILLION)
TABLE 88 LASER TECHNOLOGY MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 89 LASER TECHNOLOGY MARKET IN APAC, BY REVENUE, 2017–2025 (USD MILLION)
  11.4.1 CHINA
    11.4.1.1 Laser technology is extensively used in automobile manufacturing
in China
TABLE 90 LASER TECHNOLOGY MARKET IN CHINA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.4.2 JAPAN
    11.4.2.1 Increasing demand for electric and hybrid cars would aid growth of laser technology in automotive vertical
TABLE 91 LASER TECHNOLOGY MARKET IN JAPAN, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.4.3 INDIA
    11.4.3.1 Indian government’s initiatives to encourage domestic manufacturing are expected to drive growth of laser technology market
TABLE 92 LASER TECHNOLOGY MARKET IN INDIA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.4.4 SOUTH KOREA
    11.4.4.1 South Korea has emerged as third-largest laser technology market
in APAC
TABLE 93 LASER TECHNOLOGY MARKET IN SOUTH KOREA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.4.5 REST OF APAC
TABLE 94 LASER TECHNOLOGY MARKET IN REST OF APAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
11.5 REST OF THE WORLD
FIGURE 36 SNAPSHOT OF LASER TECHNOLOGY MARKET IN ROW
TABLE 95 LASER TECHNOLOGY MARKET IN ROW, BY REGION, 2017–2025 (USD BILLION)
TABLE 96 LASER TECHNOLOGY MARKET IN ROW, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 97 LASER TECHNOLOGY MARKET IN ROW, BY LASER TYPE, 2017–2025 (USD BILLION)
TABLE 98 LASER TECHNOLOGY MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 99 LASER TECHNOLOGY MARKET IN ROW, BY REVENUE, 2017–2025 (USD BILLION)
  11.5.1 MIDDLE EAST AND AFRICA (MEA)
    11.5.1.1 Increasing use of electric vehicles in Middle East will boost demand for laser processing systems from automotive in this region
TABLE 100 LASER TECHNOLOGY MARKET IN MEA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
  11.5.2 SOUTH AMERICA
    11.5.2.1 Chile and Argentina are expected to witness increasing demand for laser technology solutions
TABLE 101 LASER TECHNOLOGY MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)

12 COMPETITIVE LANDSCAPE

12.1 INTRODUCTION
FIGURE 37 MAJOR PLAYERS IN LASER TECHNOLOGY MARKET ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2020
12.2 RANKING ANALYSIS OF PLAYERS IN LASER TECHNOLOGY MARKET
FIGURE 38 LASER TECHNOLOGY MARKET SHARE ANALYSIS 2019
12.3 COMPETITIVE LEADERSHIP MAPPING
FIGURE 39 LASER TECHNOLOGY MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
  12.3.1 VISIONARY LEADERS
  12.3.2 DYNAMIC DIFFERENTIATORS
  12.3.3 INNOVATORS
  12.3.4 EMERGING COMPANIES
12.4 COMPETITIVE BENCHMARKING
  12.4.1 STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
  12.4.2 BUSINESS STRATEGY EXCELLENCE (25) COMPANIES
12.5 COMPETITIVE SCENARIO
FIGURE 40 MARKET EVOLUTION FRAMEWORK: PRODUCT LAUNCHES, FOLLOWED
BY MERGERS & ACQUISITIONS, FUELED LASER TECHNOLOGY MARKET GROWTH (2017–2019)
  12.5.1 EXPANSIONS
TABLE 102 EXPANSIONS, 2017–2019
  12.5.2 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 103 PRODUCT LAUNCHES AND DEVELOPMENTS, 2017–2019
  12.5.3 MERGERS & ACQUISITIONS
TABLE 104 MERGERS & ACQUISITIONS, 2017–2019
  12.5.4 CONTRACTS, PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS
TABLE 105 CONTRACTS, PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2017–2019

13 COMPANY PROFILES

(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
13.1 KEY PLAYERS
  13.1.1 COHERENT
FIGURE 41 COHERENT: COMPANY SNAPSHOT
  13.1.2 IPG PHOTONICS
FIGURE 42 IPG PHOTONICS: COMPANY SNAPSHOT
  13.1.3 TRUMPF
FIGURE 43 TRUMPF: COMPANY SNAPSHOT
  13.1.4 LUMENTUM
FIGURE 44 LUMENTUM: COMPANY SNAPSHOT
  13.1.5 JENOPTIK
FIGURE 45 JENOPTIK: COMPANY SNAPSHOT
  13.1.6 NOVANTA
FIGURE 46 NOVANTA: COMPANY SNAPSHOT
  13.1.7 LUMIBIRD
FIGURE 47 LUMIBIRD: COMPANY SNAPSHOT
  13.1.8 LASERSTAR
  13.1.9 EPILOG LASER
  13.1.10 HAN’S LASER
FIGURE 48 HAN'S LASER: COMPANY SNAPSHOT
  13.1.11 MKS INSTRUMENTS
FIGURE 49 MKS INSTRUMENTS: COMPANY SNAPSHOT
  13.1.12 GRAVOTECH
  13.1.13 600 GROUP
FIGURE 50 600 GROUP: COMPANY SNAPSHOT
  13.1.14 EUROLASER
  13.1.15 BYSTRONIC LASERS
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.
13.2 RIGHT TO WIN
  13.2.1 COHERENT
  13.2.2 HAN’S LASER
  13.2.3 TRUMPF
  13.2.4 IPG PHOTONICS
  13.2.5 JENOPTIK
13.3 OTHER COMPANIES
  13.3.1 TOPTICA PHOTONICS
  13.3.2 PHOTONICS INDUSTRIES
  13.3.3 FOCUSLIGHT TECHNOLOGIES
  13.3.4 CORNING INCORPORATED
  13.3.5 ACCESS LASER

14 APPENDIX

14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS

Laser is a source of light with unusual properties of light wave traveling with little divergence over a longer distance, which are not common in the normal light sources such as mercury lamps, and tungsten lamps. It delivers a narrow directional beam of light with mono-chromaticity, coherence, and collimation. Due to these properties, the laser technology is considered to be a core technology for many applications. There are various kinds of lasers used in different applications offering different characteristics. The laser technology has different technologies of various formats with different properties which are depended on a broad range of technologies, thereby making them heterogeneous. They find large applications in many fields that vary from systems for manufacturing (that is, welding and marking), lasers for surgery, lasers in defense (that is, ranging and weaponry), communication, and lasers used in scientific research and development. Different kinds of laser technologies are used in various applications such as, gas lasers, solid-state lasers, liquid lasers, fiber lasers, excimer lasers, semiconductor lasers, and X-ray lasers.

The major industrial application is found in cutting, welding, and marking. The CO2 laser plays a major part in the overall market of laser technology which is mainly used for industrial applications such as cutting and welding. Communication and industrial applications such as material processing hold the maximum share of the laser technology market. Among these, cutting and welding form a base for the major part of laser applications. The laser technology has fueled the growth of commercial applications such as laser printer, optical disc, and barcode scanner. It is also widely used in medical applications such as cosmetic skin treatment, eye treatment, and kidney stone operation. The market share for the laser technology has been divided into different geographic regions such as, North America (the U.S., Canada, and Mexico), Europe (the U.K., and Germany), APAC (China, Japan, and Korea), and Rest of the World.

Key players of the laser technology market are: Trumpf Inc. (U.S.), JDS Uniphase Corporation (U.S), Coherent, Inc. (U.S.), Rofin-Sinar (Germany), Cymer, Inc. (U.S.), Newport Corporation (U.S.), and IPG Photonics Corporation (U.S.). IPG Photonics Corporation (U.S.) is likely to play a crucial role as the world's major provider for high power fiber lasers and fiber amplifiers.



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