The Global Laser Technology Market size was estimated at USD 13.07 billion in 2021 and expected to reach USD 13.98 billion in 2022, and is projected to grow at a CAGR 7.11% to reach USD 19.74 billion by 2027.
The report provides market sizing and forecast across five major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.
Market Segmentation & Coverage:
This research report categorizes the Laser Technology to forecast the revenues and analyze the trends in each of the following sub-markets:
Based on Type, the market was studied across Argon Laser, Chemical Laser, CO2 Laser, Dye Laser, Excimer Laser, Fiber Laser, Helium-Neon Laser, Solid State Laser, and X-Ray Laser. The Solid State Laser is further studied across Ruby Laser, Semiconductor Laser, Thin Disk Laser, and Yag Laser.
Based on Revenue, the market was studied across Laser Revenue and System Revenue.
Based on Application, the market was studied across Laser Processing and Optical Communications. The Laser Processing is further studied across Advanced Processing, Macro Processing, and Micro Processing. The Macro Processing is further studied across Cutting, Drilling, Marking & Engraving, and Welding.
Based on End User, the market was studied across Aerospace & Defense, Automotive, Commercial, Industrial, Medical, Research, Semiconductor & Electronics, and Telecommunications. The Aerospace & Defense is further studied across Aerospace Industry, Ammunition & Weapon Industry, Combat Vehicle Industry, Missile Industry, and Space Industry. The Semiconductor & Electronics is further studied across Integrated Circuit, Memory, and Microprocessors.
Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.
Cumulative Impact of
COVID-19:COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.
Cumulative Impact of 2022 Russia Ukraine
Conflict:We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.
This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Laser Technology market considering the current update on the conflict and its global response.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Laser Technology Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Laser Technology Market, including 600 Group PLC, Alltec GmbH., Bystronic Laser AG, Coherent Inc., Epilog Corporation, Eurolaser GmbH, Focuslight Technologies Inc., Gravotech Marking, Han's Laser Technology Co., Ltd., Ipg photonics Corporation, Jenoptik AG, LaserStar Technologies Corporation, Lumentum Operations LLC, Lumibird Group, Mks instruments Inc., Novanta Inc., Photonics industries international. Inc, Prima industrie S. P.A.., TRUMPF Group, and Universal laser systems Inc..
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Laser Technology Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Laser Technology Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Laser Technology Market?
4. What is the competitive strategic window for opportunities in the Global Laser Technology Market?
5. What are the technology trends and regulatory frameworks in the Global Laser Technology Market?
6. What is the market share of the leading vendors in the Global Laser Technology Market?
7. What modes and strategic moves are considered suitable for entering the Global Laser Technology Market?
Please Note: PDF & Excel + Online Access - 1 Year
600 Group PLC
Bystronic Laser AG
Focuslight Technologies Inc.
Han's Laser Technology Co., Ltd.
Ipg photonics Corporation
LaserStar Technologies Corporation
Lumentum Operations LLC
Mks instruments Inc.
Photonics industries international. Inc
Prima industrie S. P.A..
Universal laser systems Inc.
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