Market Research Logo

Global Laser Market 2017-2021

Global Laser Market 2017-2021

About Laser

Laser refers to light amplification by stimulated emission of radiation, which produces a coherent, collimated, and monochromatic beam of light by exciting atoms to a higher energy level. Lasers are distinguished from other light sources by their coherence. Spatial coherence property of laser enables it to stay narrow over great distances and allows it to be focused on a tight spot. As a result of these properties, they are widely used in applications such as laser pointers, laser cutting, and lithography. Lasers are classified based on the type of lasing medium they use such as gas, optical fiber, solid state, and semiconductor.

Technavio’s analysts forecast the global laser market to grow at a CAGR of 5.65% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global laser market for 2017-2021. To calculate the market size, the report includes the major application segments and their share in the global laser market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report Global Laser Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Coherent
  • FANUC
  • Han's Laser Technology
  • IPG Photonics
  • Jenoptik
  • Lumentum Operations
  • Newport
  • Photonics Industries International
  • ROFIN-SINAR Technologies
  • TRUMPF
Market driver
  • Rising optical fiber communication network connection.
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in foreign currency exchange rate.
  • For a full, detailed list, view our report
Market trend
  • Product differentiation through technological innovation.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Laser Market 2017-2021

Technavio recognizes the following companies as the key players in the global laser market: Coherent, FANUC, Han’s Laser Technology, IPG Photonics, Jenoptik, Lumentum Operations, Newport, Photonics Industries International, ROFIN-SINAR Technologies, and TRUMPF.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing rise in M&A. There has been a major change in the market landscape because of a series of M&A in the global laser market. The vendors in the market adopt M&A to acquire technological expertise and expand their geographical presence. The high growth potential of lasers across the industries has compelled vendors across the supply chain to acquire laser technology providers and hardware manufacturers to gain a competitive edge in the market. During 2011-2016, the collaborations among the supply chain members increased. This helped the vendors to expand their market presence and increase their market share.”

According to the report, one driver in market is investment in manufacturing plants worldwide. Lasers systems are used in manufacturing plants for cutting, engraving, welding, and marking of products. For instance, in the automotive industry, the laser systems are used for cutting airbag cloth and composite materials. They are also used in door welding and welding of gears and powertrain components. In the packaging industry, the lasers are used for marking of expiration dates and batch numbers on the end-product. Therefore, the investment in manufacturing plants globally will accelerate the demand for laser systems.

Further, the report states that one challenge in market is downturn in manufacturing industries. The sales of laser systems depend on the capital expenditure by manufacturers that incorporate laser systems in their manufacturing process. The slowdown in the automotive, photovoltaic, and semiconductor industries adversely affects the sales of laser systems. During an economic slowdown, the demand for end-products such as automobiles, consumer electronic devices, healthcare equipment, and aerospace and defense equipment tends to decrease. Such economic downturns adversely affect the profit margin of OEMs. Thus, the OEMs reduce their spending on capital equipment, thereby adversely affecting the sales of laser systems.

Companies Mentioned

Coherent, FANUC, Han’s Laser Technology, IPG Photonics, Jenoptik, Lumentum Operations, Newport, Photonics Industries International, ROFIN-SINAR Technologies, TRUMPF.

  • Executive summary
  • Scope of the report
    • Base year
    • Market overview
    • Market size calculation
    • Geographical segmentation
      • Table Key countries covered
    • Vendor segmentation
      • Table Key vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Working of laser
      • Table Components of laser
  • Market landscape
    • Market overview
    • Market size and forecast
      • Table Global laser market 2016-2021 ($ billions)
      • Table Global laser market by product 2016-2021 ($ billions)
      • Table Global laser market by application 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Market overview
      • Table Global laser market by product 2016-2021 (% revenue)
    • CO2laser
      • Table Global CO laser market 2016-2021 ($ billions)
    • Fiber laser
      • Table Global fiber laser market 2016-2021 ($ billions)
    • SSL
      • Table Global SSL market 2016-2021 ($ millions)
    • Others
      • Table Global market for other lasers 2016-2021 ($ millions)
  • Market segmentation by application
    • Market overview
      • Table Global laser market by application 2016-2021 (%)
    • Communication
      • Table Global laser market in communication segment 2016-2021 ($ billions)
    • Material processing
      • Table Global laser market in material processing segment 2016-2021 ($ billions)
      • Table Material processing market by application 2016-2020 (%)
      • Table High-power application
    • Healthcare
      • Table Global laser market in healthcare segment 2016-2021 ($ billions)
    • Data storage
      • Table Global laser market in data storage segment 2016-2021 ($ billions)
    • Excimer lithography
      • Table Global laser market in excimer lithography 2016-2021 ($ billions)
    • Defense
      • Table Global laser market in defense segment 2016-2021 ($ billions)
    • Instrumentation and sensors
      • Table Global laser market in instrumentation and sensors segment 2016-2021 ($ billions)
    • Others
      • Table Global laser market in others segment 2016-2021 ($ billions)
  • Geographical segmentation
    • Table Global laser market by geographical segmentation 2016-2021 (%)
    • Table Global laser market by geographical segmentation 2016-2021 ($ billions)
    • APAC
      • Table Laser market in APAC 2016-2021 ($ billions)
      • Table Top ten semiconductor foundries by country 2015
    • Europe
      • Table Laser market in Europe 2016-2021 ($ billions)
    • Americas
      • Table Laser market in Americas 2016-2021 ($ billions)
    • ROW
      • Table Laser market in ROW 2016-2021 ($ millions)
  • Market drivers
    • Investment in manufacturing plants worldwide
    • Rising optical fiber communication network connection
    • Growing investment in display technologies
    • Product marking for better traceability
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Short supply of rare-earth elements
      • Table Top six rare-earth elements producing countries (kiloton)
    • Downturn in manufacturing industries
    • Uncertain life span of fiber lasers
    • Fluctuations in foreign currency exchange rate
      • Table Effect of exchange rate on cash and cash equivalents of some of the major vendors
    • Fluctuations in interest rate
      • Table Impact of interest rates on investment projects
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing rise in M&A
    • Miniaturization of electronic devices
    • Product differentiation done through technological innovation
    • Emergence of FIR
      • Table Stages of industrial revolution
  • Vendor landscape
    • Competitive scenario
      • Table Competitive scenario in 2016 and 2021
    • Key vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report