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)
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