Press Releases

The global laser technology market is expected to witness a CAGR of 8.5% during the forecast period. The increasing transition to the nano and micro technology, rising adoption of laser technology by manufacturers and industrialists, increasing scope of its application, rising adoption of wireless laser connections, and rising preference for laser-based material processing are the factors that propel the growth of the laser technology market. Also, there is a rapid increase in laser technologies in the healthcare sector as it is widely used in the treatment of urology, dermatology, dentistry, and ophthalmology.  Furthermore, the emergence of laser technology in optical communication, increasing demand for laser technology in robotics, and emerging economies such as China, India, and others are creating lucrative opportunities for the growth of the laser technology market. However, the high costs involved in the R&D and environmental concerns may hamper the growth of the global laser technology market.

Trumpf acquired a minority stake in GLOphotonics, a France-based laser technology startup and Jenoptik launched F-theta lenses that are suitable for ultra-short pulse lasers.

The COVID-19 pandemic has caused an economic downturn in many countries leading to strict lockdown to stop the spread of the infection. The coronavirus has affected many industries, especially the manufacturing sector has been severely impacted by it. This has resulted in a decline in industrial activities which has to lead to a slowdown in demand for laser technology. Nevertheless, there is an increase in demand for lasers in optical communications and the development of laser sensors to detect coronavirus. Quantlase Imaging Lab has launched innovative rapid COVID19 laser testing technology to test and monitor coronavirus across all industries. This is a cost-effective, easy-to-use, and non-invasive DPI technology.

Browse 63 market data Tables and 40 Figures spread through 220 Pages and in-depth TOC on " Laser Technology Market by Laser Type (Solid-State Laser, Liquid Laser, Gas Laser, and Others), by Application (Optical Communication, Laser Processing, and Others), by Revenue (System Revenue and Laser Revenue), by End-Use Industry (Telecommunications, Industrial, Semiconductor & Electronics, Commercial, Aerospace & Defense, Automotive, Healthcare, Research, and Others),  and Region - Global Forecast to 2027"

The rising adoption of lasers in the healthcare sector will drive market growth in the forecast period.

Laser technology is crucial for diagnostic and therapeutic tools in medicine, especially in surgical indications and intervention. The field of low-intensity laser therapy is gaining more and more recognition in medical research, and it will completely change the field of regenerative medicine. Laser technology is used in the treatment of eye diseases, dental problems, skin diseases, and cancer. Imaging radiotherapy is used to treat cancer. Hematoporphyrin derivative (HPD) is a dye that has the property of selectively attacking cancer cells.

Global Laser Technology Market Segmentation Analysis

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"Market in APAC to hold the largest share in 2020 in the global laser technology market."

The large share of the Asia-Pacific region is primarily attributed to increasing manufacturing activities in Asian countries, including China, Japan, South Korea, Taiwan, and India for laser technology. There is also a presence of the largest automobile market in China, the proliferation of data centers, and huge demand for fiber lasers.

Some of the major players in the global laser technology market include Coherent, Inc., IPG Photonics Corporation, TRUMPF, Lumentum Operations LLC, Novanta Inc, Jenoptik AG, Corning Incorporated, LaserStar Technologies Corporation, Han’s Laser Technology Industry Group Co., Ltd, and LUMIBIRD.

Scope of the Report

Global Laser Technology Market Coverage

Laser Type Insight and Forecast 2015-2027

• Solid-State Laser
• Liquid Laser
• Gas Laser
• Others

Application Insight and Forecast 2015-2027

• Optical Communication
• Laser Processing
• Others

Revenue Insight and Forecast 2015-2027

• System Revenue
• Laser Revenue

End-Use Industry Insight and Forecast 2015-2027

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

Geographical Segmentation

Laser Technology Market by Region

North America

• By Laser Type
• By Application
• By Revenue
• By End-Use Industry
• By Country – U.S., Canada, and Mexico

Europe

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

Asia-Pacific (APAC)

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

Rest of the World (RoW)

• By Laser Type
• By Application
• By Revenue
• By End-Use Industry
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries