Laser Technology Market Share, Key Growth Trends, Major Players, and Forecast

1. Laser Technology Market Size Worth USD 26.40 Billion in 2030 Increasing demand from healthcare vertical is a key factor driving laser technology market revenue growth www.emergenresearch.com . 2

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5. Market Summary The global Laser Technology Market size was USD 12.44 Billion in 2021 and is expected to register a revenue CAGR of 8.6% during the forecast period, according to latest analysis by Emergen Research. Laser technology market revenue growth is primarily driven by factors such as rising adoption of laser technology in the electronics sector and medical applications and increasing adoption of various technologies emerging from laser-based applications such as Augmented Reality (AR) and Virtual Reality (VR), Vertical-Cavity Surface-Emitting Laser (VCSEL), Light Detection and Ranging (LiDAR). Laser technology offers high degree of adaptability, sustainability, productivity, and accuracy, hence it has found extensive usage and success in a wide range of sectors including manufacturing, chemical production and processing, automotive, and healthcare. As a result of their accuracy and precision, lasers enable physicians and surgeons to perform difficult surgical procedures and manufacturers to develop new medical equipment and designs. From laser eye surgery to development of new equipment and prosthesis, laser technology has enabled hospitals, physicians, surgeons, consultants, and nurses to provide superior treatment more quickly. Read More : https://www.emergenresearch.com/industry-report/laser-technology-market www.emergenresearch.com

6. Market Summary Some Key Findings From the Report: The gas laser segment accounted for a moderate revenue share in 2021. CO2 lasers are commonly employed as industrial lasers for laser material processing, particularly for cutting and structuring plastic materials, wood, die boards, glass pieces, and other materials with high absorption at 10.6 m and power levels ranging from 20–200 W. The macro processing segment accounted for a significant revenue share in 2021. Its applications vary from aerospace to production of jewelry. Laser welding works by focusing on highly concentrated beam of light on a tiny area, allowing the spot under laser beam to receive light and become incredibly active. The automotive segment accounted for a significant revenue share in 2021. In the competitive field of automotive manufacturing, there appears to be little room for error. One way that automakers can employ is laser cutting, which is one of the most effective methods for ensuring precise quality cuts with clean edges and quick cycle time. Laser cutting technology can also be used for welding, cladding, engraving, and branding, in addition to cutting. As laser cutting is so versatile, it has become a vital tool in global automobile production business. Request Free Sample @ https://www.emergenresearch.com/request-sample/1108 www.emergenresearch.com

7. Market Summary • Emergen Research has on the basis of platform, application, end-use, and region: • Application Outlook (Revenue, USD Billion; 2019-2030) • Laser Processing  • Optical Communication  • Others • End-Use Outlook (Revenue, USD Billion; 2019-2030) • Telecommunication • Industrial • Semiconductor & Electronics • Commercial • Aerospace & Defense • Automotive • Medical • Research • Others  • Request customization of the report @ https://www.emergenresearch.com/request-for-customization/1108

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11. At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade. Our expertise umbrellas the technological environment of all major industries, and our services help you map your actions to ensure optimal yield. Our analysts utilize their market proficiency to offer actionable insights that help our clients implement profitable strategies and optimize their return on investment. Our services are wide-ranging, right from technological environment analysis to technological profiling that highlights the existing opportunities in the market you can capitalize on to stay ahead of your competitors. About Us www.emergenresearch.com

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