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Laser Technology Market worth 14.67 Billion USD by 2022 PowerPoint PPT Presentation


According to the new market research report "Laser Technology Market by Type (Solid, Liquid, Gas), Application (Optical Communication, Laser Processing), and Vertical and Geography - Analysis & Forecast to 2022", the laser technology market is expected to reach USD 14.67 Billion by 2022, at a CAGR of 5.33% between 2016 and 2022

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Laser Technology Market worth 14.67 Billion USD by 2022

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Laser technology market worth 14 67 billion usd by 2022

MarketsandMarkets

1.Laser Technology

Market worth 14.67

Billion USD by 2022

Publishing Date: April 2012


Laser technology market worth 14 67 billion usd by 2022

2.

Laser Technologies, Components & Applications Market –

Global Forecast & Analysis (2012 – 2017)

According to the new market research report "Laser Technology Market by Type (Solid, Liquid,

Gas), Application (Optical Communication, Laser Processing), and Vertical and Geography -

Analysis & Forecast to 2022", the laser technology market is expected to reach USD 14.67 Billion

by 2022, at a CAGR of 5.33% between 2016 and 2022. The ability of this technology to offer

significantly high precision, flexibility, and productivity in the material processing application than

other traditional approaches is leading to growing preference for laser technology-based material

processing. This is one of the major drivers for the laser technology market. Moreover, the

widening scope of laser technology in various verticals including medical, aerospace & defense,

research, semiconductor & electronics, and telecommunications among others is further driving the

growth of the above said market.

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The solid lasers market is expected to lead the above said market during the forecast period. The

increasing use of solid lasers especially in fiber lasers and semiconductor lasers is accelerating the

growth of this market.

Medical vertical expected to witness the highest growth rate during the forecast period

The medical vertical is expected to play a key role in the laser technology market and grow at the

highest rate during the forecast period. This growth is a result of the increasing adoption of lasers

for laser vision correction, confocal microscopy, optogenetics, enhanced MRI, and dermatological

treatment among many others. This technology is also widely being used in the manufacturing of

medical tools and systems as it helps in meeting high-quality requirements and offers clean

surfaces which are free from any material residue.

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APAC expected to hold the largest share of the laser technology market and witness the highest

growth rate during the forecast period

The APAC region is expected to hold the largest share of the global laser technology market during

the forecast period. Rapid modernization in this region has accelerated the growth, especially of

semiconductor & electronics vertical which has ultimately led to the growth of the laser technology

market in this region.

The major players in this market include Coherent, Inc. (U.S.), Trumpf Group (Germany), IPG

Photonics Corp. (U.S.), ROFIN-SINAR Technologies, Inc. (U.S.), Newport Corp. (U.S.), Jenoptik

AG (Germany), Lumentum Holdings, Inc. (U.S.), GSI Group, Inc. (U.S.), Hans Laser Technology

Industry Group Co., Ltd. (China), and Epilog Laser (U.S.) among others.


Laser technology market worth 14 67 billion usd by 2022

This research report categorizes the global laser technology market on the basis of laser type,

application, vertical, and geography. This report describes the drivers, restraints, opportunities, and

challenges for the growth of the laser technology market. The Porter’s Five Forces analysis has

been included in the report with a description of each of the force and its respective impact on the

laser technology market.

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