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.

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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.
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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

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Visualize the Laser Technology Market using verified market intelligence:

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