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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
Market worth 14.67
Billion USD by 2022
Publishing Date: April 2012
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.
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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