Laser Technology (Carbon Dioxide Laser, Fiber Laser, and Solid State Laser) Market - Global Forecast to 2024 - ResearchAndMarkets.com
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.
DriversIncreasing Demand From Healthcare Vertical Enhanced Performance of Lasers Over Traditional Material Processing Techniques Shift Toward Production of Nano and Micro Devices
OpportunitiesAdoption of Laser Technology in Various Verticals for Quality Check Increasing Use of Lasers for Optical Communications
ChallengesRequirement for Low-Cost Solutions
Key Topics Covered:
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 Profiles600 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
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 01/03/2019 10:12 AM/DISC: 01/03/2019 10:12 AM