Deerfield Beach, FL -- (SBWire) -- 09/03/2015 --Global Industrial Laser Market to grow at a CAGR of 10.23% over the period 2014-2019. A laser (light amplification by stimulated emission of radiation) is a device that produces a concentrated beam of coherent monochromatic electromagnetic radiation by stimulated emission of photons from excited molecules. These devices are widely used in applications such as communications, materials processing, excimer lithography, data storage, medical and aesthetics, science and military, and instrumentation and sensors. Lasers are used for drilling, cutting, alignment, bloodless surgery, cosmetic dentistry, and reading bar codes. They are categorized into two types: diode and non-diode lasers.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global Industrial Laser market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of lasers for industrial applications such as cutting, welding, marking, engraving, automotive, and semiconductor and microprocessing applications worldwide. The report does not consider the following in calculating the market size:

Components or devices used in the production of lasers
Any type of device that does not fall under the laser category
Service and maintenance of lasers
Lasers used for other applications such as communication, data storage, excimer lithography, healthcare, and defense

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Key Regions:
APAC
Europe
North America
ROW

Key Vendors:
Coherent
IPG Photonics
Rofin-Sinar Technologies
Trumpf Group

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Other Prominent Vendors:
3S Photonics
Active Fiber Systems
AdValue Photonics
Amonics
Apollo Instruments
Calmar Laser
Clark MXR
EKSPLA
ELUXI
EOLITE Systems
Fanuc
Fianium
FiberLAST
Furukawa Electric
GBOS Laser Technology
GSI Group
Hypertherm
IMRA America
JDS Uniphase
JENOPTIK Laser
JK Lasers
Keopsys
Laserglow Technologies
Lee Laser
Lumenis
Maxphotonics
Mitsubishi Cable Industries
Miyachi Unitek
Newport
NKT Photonics
Nufern
Nuphoton Technologies
Photonic Solutions
Photonics Industries International
PolarOnyx
Prima Electro North America
Quanta System
Quantel Group
Synrad
TOPTICA Photonics
Wuhan Raycus Fiber Laser Technologies

Market Driver:
Increased Adoption because of its Superior Attributes
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Market Challenge:
High Dependency on Limited Key Suppliers
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Market Trend:
Increased R&D Spending by Vendors
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