Laser Technology Industry by Geography, Type (Solid Laser, Liquid Laser, Gas Laser); Application (Optical Communication, Laser Processing); Vertical (Commercial, Telecommunications, Research, Aerospace and Defense, Healthcare, Automotive, Semiconductor & Electronics, Industrial

Pune, India -- (SBWire) -- 03/15/2018 --The Global Laser Technology Market accounted for USD 11.57 billion in 2016 growing at a CAGR of 5.32% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Laser technology uses light to store, transfer, or print images and text. It generates light energy by converting the energy states of a material. It has its wide application in telecommunications, research, aerospace and defense, healthcare, and others. Huge demand from the healthcare vertical is the major driver in the growth of laser technology market. On the other hand, regulatory compliance may hamper the market.

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Major Market Drivers: Global Laser Technology Market

- Increasing demand and awareness in the healthcare industry
- Superior alternatives over traditional material processing techniques
- Shift towards production of nano and micro devices
- Regulatory compliance for manufacturing and end-use industries

Market Segmentation: Global Laser Technology Market

The global laser technology market is segmented on the basis of type into solid laser, liquid laser, and gas laser. The solid laser sub segment is further categorized into YAG laser, semiconductor laser, thin disk laser, ruby laser, fiber laser, and others. The liquid laser sub segment is categorized into X-Ray laser, dye lasers, and others. Gas laser segment is further categorized into Co2 laser, excimer laser, argon laser, chemical laser, helium-neon laser, and others.

The global laser technology market is also segmented on the basis of applications into optical communication, laser processing. Laser processing is further segmented into macro processing, micro processing, and advanced processing. The macro processing segment is further sub segmented into cutting, drilling, welding, and marking & engraving. The cutting segment is further categorized into fusion cutting, flame cutting, and sublimation cutting. The drilling segment is categorized into single pulse drilling, percussion drilling, trepanning drilling, and helical drilling.

The global laser technology is further segmented on the basis of vertical into commercial, telecommunications, research, aerospace and defense,healthcare, automotive, semiconductor & electronics, industrial, and others.

On the basis of geography, global laser technology market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Company Share Analysis: Global Laser Technology Market

The report for laser technology market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

Major Market Competitors: Global Laser Technology Market

Some of the major players of the global laser technology market are Access Laser, Alltec GmbH AMS Technologies, Bystronic Laser AG, Coherent Inc., Corning, Epilog Laser, Eurolaser GmbH, Focuslight Technologies Inc., Han's Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Jeanoptik AG, Keopsys Group, Lasaerstar Technologies Corp., Lumentum Holdings Inc., Novanta Inc, NPI LASERS Co., Ltd, Photonics Industries International. Inc, Prima Industrie S.P.A., Quantel Group, Toptica Photonics AG, Trumpf Group, Universal Laser Systems Inc., Ushio Opto Semiconductors Inc., MKS Instruments, and others

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