Global Laser Technology Market is estimated to USD 11.5 billion in 2020 and is predicted to reach USD 17.5 billion by 2025, growing at a CAGR of 8.6% during the forecast period (2020-2025)

Published Date: Oct, 2020

The report "Laser Technology Market by Type (Solid, Liquid, Gas, and Others), by Revenue (Laser Revenue and System Revenue), by Application (Laser Processing, Optical Communications, and Others), by End User (Telecommunications, Industrial, Semiconductor & Electronics, Commercial, Aerospace & Defense, Automotive, Medical, Research, and Others) - Global Forecast to 2025", market is estimated to USD 11.5 billion in 2020 and is predicted to reach USD 17.5 billion by 2025, growing at a CAGR of 8.6% during the forecast period. Some of the major factors responsible for the growth of laser technology across the globe are enhancing demand from healthcare industry and improved performance of lasers over traditional material processing techniques.

Browse 67 market data Tables and 40 Figures spread through 170 Pages and in-depth TOC on "Laser Technology Market by Type (Solid, Liquid, Gas, and Others), by Revenue (Laser Revenue and System Revenue), by Application (Laser Processing, Optical Communications, and Others), by End User (Telecommunications, Industrial, Semiconductor & Electronics, Commercial, Aerospace & Defense, Automotive, Medical, Research, and Others) - Global Forecast to 2025"

On the basis of revenue, the laser technology market is categorized into laser revenue and system revenue. In 2020, the system revenue segment is expected to be largest among all the segments and is projected to be fastest growing, over the study period. The property of these systems to carry out a wide range of functions expands their utility in various sectors such as commercial, industrial, medical, and automotive.

Global Laser Technology Market Segmentation Analysis

Segment

Categorization

Leading Category

Type

Solid, Liquid, Gas, and Others

Solid (Largest)

Revenue

Laser Revenue and System Revenue

System Revenue (Larger)

Application

Laser Processing, Optical Communications, and Others

XXX (Largest)

End User

Telecommunications, Industrial, Semiconductor & Electronics, Commercial, Aerospace & Defense, Automotive, Medical, Research, and Others

XXX (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific (Largest)

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“Asia-Pacific to hold the largest regional market share in 2019.”

Asia-Pacific is the largest revenue contributor in the laser technology market. The Asia-Pacific region, in particular countries such as China, Taiwan, Japan, South Korea, and India, are experiencing increase in terms of adoption of laser technology products and solutions compared with other regions.

Some of the major players in the global laser technology market include NeoPhotonics Corporation, Applied Laser Technology, Inc., Haas Laser Technologies, Inc., JENOPTIK AG, Lumentum Operations LLC, Laser Technology, Inc., PRIMA INDUSTRIE S.p.A., BYSTRONIC, MKS Instruments, LUMIBIRD, TRUMPF, IPG Photonics Corporation, Epilog Laser, and eurolaser GmbH.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Type, Revenue, Application, End User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

NeoPhotonics Corporation, Applied Laser Technology, Inc., Haas Laser Technologies, Inc., JENOPTIK AG, Lumentum Operations LLC, Laser Technology, Inc., PRIMA INDUSTRIE S.p.A., BYSTRONIC, MKS Instruments, LUMIBIRD, TRUMPF, IPG Photonics Corporation, Epilog Laser, and eurolaser GmbH

Global Laser Technology Market Coverage

Type Insight and Forecast 2015-2025

  • Solid
  • Liquid
  • Gas
  • Others

Revenue Insight and Forecast 2015-2025

  • Laser Revenue
  • System Revenue

Application Insight and Forecast 2015-2025

  • Laser Processing
  • Optical Communications
  • Others

End User Insight and Forecast 2015-2025

  • Telecommunications
  • Industrial
  • Semiconductor & Electronics
  • Commercial
  • Aerospace & Defense
  • Automotive
  • Medical
  • Research
  • Others

Geographical Segmentation

Laser Technology Market by Region

North America

  • By Type
  • By Revenue
  • By Application
  • By End User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Type
  • By Revenue
  • By Application
  • By End User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By Revenue
  • By Application
  • By End User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By Revenue
  • By Application
  • By End User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
Our Industry
Global Laser Technology Market is estimated to USD 11.5 billion in 2020 and is predicted to reach USD 17.5 billion by 2025, growing at a CAGR of 8.6% during the forecast period (2020-2025)