Laser Technology Market Expected To Generate Revenue

Jersey City, NJ, September 8, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently released a report, “Laser technology market” By type (liquid laser, YAG laser), by applications (laser processing, optical communication), by industry vertical (commercial, automotive), and by geography. According to Verified Market Research, the laser technology market size was valued at USD 14.9 billion in 2021 and is projected to reach USD 24.51 billion by 2030, growing at a CAGR of 5.98% from 2022 to 2030.

Download brochure in PDF: https://www.verifiedmarketresearch.com/download-sample/?rid=4761

Explore OCD in depth inLaser technology market

202 – Pages

126 – Tables

37 – Figures

Overview of the global laser technology market

Factors such as the rapid adoption of laser machine tools across a wide range of industries and the growing desire for profitability, as well as new and diverse markets in laser technology, are driving market demand. Additionally, laser technologies have skyrocketed in popularity in the healthcare industry. It is used in urology, dermatology, dentistry, and ophthalmology, among other fields. Along with this, an aging population, improved medical infrastructure, and an increasing number of cosmetic procedures are driving sales of medical laser systems.

However, the overall growth of the market is hampered by issues such as higher power consumption, burnout, and difficulty in cutting certain materials in the laser technology market. Regulatory compliance also acts as a barrier to the growth of the laser technology market. Additional market constraints for laser technology include radioactive contamination created by sludge tailings, environmental hazards, rare metal depletion, and harmful acid needs during the refining process.

key developments

  • In june 2022Physicists at the University of Amsterdam have created an atomic laser that can operate indefinitely.
  • In March 2022LightWELD XR, the third product offering in IPG Photonics’ range of portable laser welding and cleaning products, was launched by IPG Photonics, the world leader in fiber laser technology.
See also  Laser technology market size is expected to reach USD

key players. main players

The main market players are IPG Photonics Corp., Coherent, Inc., Trumpf Group, Jeanoptik AG, Quantel Group, LasaerStar Technologies Corp., Novanta Inc, Lumentum Holdings Inc., Epilog Laser, Han’s Laser Technology Industry Group, MKS Instruments, GSI Group Inc. and Others .

Verified Market Research has segmented the global laser technology market based on type, applications, vertical industry, and geography.

  • Laser technology market, by type
    • YAG laser
    • liquid laser
    • gas laser
  • Laser technology market, by applications
    • optical communication
    • laser processing
    • Others
  • Laser technology market, by vertical industry
    • Commercial
    • Telecommunication
    • Semiconductors and Electronics
    • Automotive
    • Health care
    • Others
  • Laser technology market, by geography
    • North America
    • Europe
      • Germany
      • France
      • United Kingdom
      • The rest of Europe
    • Pacific Asia
      • Porcelain
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East and Africa
      • Latin America

Explore related reports:

Laser sensor market By type (compact and ultracompact), by component (software and hardware), by end user (automotive, aviation, food and beverage), by geography and forecast

Laser engravers market By product type (CO2 laser engraver, fiber laser engraver), by application (printing and packaging, advertising decoration), by geography and forecast

Laser projection market By product type (CAD laser projection system, laser projector), by resolution (HD and Full HD, 4K), by lighting type (laser diode, RGB laser), by end-use industry (retail, industrial), by Geography and Forecast

Medical Laser Systems Market By product (diode lasers, solid-state (crystal) lasers, gas lasers), by application (dermatology, ophthalmology, gynecology) by geography and forecast

Leading laser coating services depositing additional layers on metals to strengthen

Visualize the Laser Technology Market using verified market intelligence:

See also  MicroLED and QD: Selected Technology Highlights (Part 1)

Verified market intelligence it’s ours BI-enabled platform for narrative storytelling in this market. VMI delivers in-depth forecast trends and accurate information on more than 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.

VMI provides a holistic overview and global competitive landscape with respect to region, country, segment, and key players in your market. Present your market report and findings with a built-in presentation feature that saves over 70% of your time and resources for investor presentations, sales and marketing, R&D, and product development. VMI allows the delivery of data in Excel and interactive PDF format with more than 15 key market indicators for your market.

About us

Verified Market Research is a leading global research and consulting firm serving more than 5,000 clients. Verified Market Research provides advanced analytical research solutions while delivering information-rich research studies. We provide insights on strategic and growth analysis, data needed to achieve corporate objectives, and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of data collection and governance expertise, using industry-leading techniques to collect and analyze data across more than 15,000 high-impact, niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, experience, and years of collective experience to produce informative and accurate research.

We study more than 14 categories of semiconductors and electronics, chemicals, advanced materials, aerospace and defense, energy and power, health, pharmaceuticals, automotive and transportation, information and communication technology, software and services, information security, mining, minerals and metals, construction and construction, agricultural industry and medical devices from more than 100 countries.

Leave a Comment