AP NEWS

Laser Technology (Carbon Dioxide Laser, Fiber Laser, and Solid State Laser) Market - Global Forecast to 2024 - ResearchAndMarkets.com

January 3, 2019

DUBLIN--(BUSINESS WIRE)--Jan 3, 2019--The “Laser Technology Market by Type (Carbon Dioxide Laser, Fiber Laser, and Solid State Laser), Revenue (Laser Revenue and System Revenue), Application (Laser Processing and Optical Communications), End User, Geography - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The overall laser technology market is expected to grow from USD 12.9 billion in 2018 to USD 16.9 billion by 2024, at a CAGR of 4.65%.

Huge demand from the healthcare vertical, enhanced performance over traditional material processing techniques, and shift toward production of nano and micro devices are the key factors driving the growth of this market. However, regulatory compliances could likely act as the restraint for the market’s growth.

The market for others laser type is expected to grow at the highest CAGR within the overall laser technology market during the forecast period. The growth can be attributed to increasing demand for several lasers including X-ray laser, dye laser, excimer laser, argon laser, chemical laser, and helium-neon laser. Applications such as in dense plasmas, X-ray microscopy, medical imaging, aerospace & defense, and surface research boost demand for X-ray lasers; the ability to generate light pulses of various wavelengths drives excimer lasers’ demand.

Laser processing application accounts for the largest share of the laser technology market. The leading position of laser processing, in terms of market size, can be attributed to its ability to provide better quality and reliability and more precise output than conventional mechanical methods. Laser processing involves using laser for applications such as materials processing, micro processing, and advanced processing.

Market Dynamics

Drivers

Increasing Demand From Healthcare Vertical Enhanced Performance of Lasers Over Traditional Material Processing Techniques Shift Toward Production of Nano and Micro Devices

Restraints

Regulatory Compliance

Opportunities

Adoption of Laser Technology in Various Verticals for Quality Check Increasing Use of Lasers for Optical Communications

Challenges

Requirement for Low-Cost Solutions

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Laser Technology Market, By Type

7 Laser Technology Market, By Revenue

8 Laser Technology Market, By Application

9 Laser Technology Market, By End User

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

600 Group Access Laser Bystronic Laser Coherent Corning Incorporated Epilog Laser EuRoLAser Focuslight Technologies Han’s Laser Technology IPG Photonics Jenoptik Laserstar Lumentum Lumibird MKS Instruments Novanta Photonics Industries Prima Industrie Toptica Photonics Trumpf

For more information about this report visit https://www.researchandmarkets.com/research/9jpmnj/laser_technology?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190103005430/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Lasers

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 01/03/2019 10:12 AM/DISC: 01/03/2019 10:12 AM

http://www.businesswire.com/news/home/20190103005430/en

AP RADIO
Update hourly