Laser Technology Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Laser technology market
The laser technology market size was valued at USD 11.30 billion in 2019 and is projected to reach USD 15.99 billion by 2027, exhibiting a CAGR of 4.5% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted worldwide supply chains, main to manufacturing delays and decreased call for in industries depending on laser era, along with automotive and production. However, sectors like healthcare and electronics experienced a surge in call for, as lasers have become critical for scientific diagnostics, disinfection, and semiconductor production for remote-running devices. Additionally, the adoption of automation and digital transformation improved at some point of the pandemic, in a roundabout way driving using laser technologies. The marketplace faced quick-term challenges however emerged more potent with expanded focus on advanced programs, in particular in precision scientific device and telecommunications.
The growing focus on sustainability has popularized inexperienced laser era for environmental packages like LiDAR in precision agriculture and climate monitoring. Green lasers, with their shorter wavelengths, enable better accuracy in detecting pollution, studying atmospheric changes, and facilitating sustainable commercial methods. Their use in autonomous cars and renewable electricity structures, together with solar panel production, is also increasing. This trend aligns with worldwide efforts to undertake environmentally pleasant answers, riding innovation and demand for green laser technology in diverse industries.
The growing need for precision and performance in production is a substantial driver for the laser technology market. Industries including electronics, car, and aerospace depend on lasers for excessive-accuracy reducing, welding, marking, and 3D printing. The shift in the direction of miniaturization in electronics and the growing adoption of Industry four.Zero ideas are similarly fueling this call for. Laser era’s ability to reduce material waste, enhance manufacturing pace, and make certain consistency makes it a favored preference for manufacturers worldwide, reinforcing its important function in contemporary commercial packages.
Comprehensive Analysis of Laser technology market
The Laser technology market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by laser type, by application, by industry. By Laser Type include Solid-State Laser, Liquid Laser ,Gas Laser, Others (Semiconductor, etc.) .By Application include Optical Communication, Laser Processing, Others (Storage, etc.). By Industry include IT and Telecom, Electronics and Semiconductor ,Healthcare ,Manufacturing, Automotive, Aerospace and Defense, Others (Research, etc.).
The North America region lead the Fatty Alcohol Market share by benefitting a market size of USD 2.67 billion North America is expected to exhibit the highest growth during the predicted period.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.
June 2021 – Nittoku Co., Ltd, in collaboration with Furukawa Electric Co., Ltd, launched a laser welding device for electric powered car automobiles to bring performance to their customers.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016 – 2027
Base Year 2019
Forecast Period 2020 – 2027
Historical Period 2016 – 2018
Unit Value (USD Billion)
Segmentation By Laser Type
Solid-State Laser
Liquid Laser
Gas Laser
Others (Semiconductor, etc.)
By Application
Optical Communication
Laser Processing
Others (Storage, etc.)
By Industry
IT and Telecom
Electronics and Semiconductor
Healthcare
Manufacturing
Automotive
Aerospace and Defense
Others (Research, etc.)
By Region
North America
By Laser Type
By Application
By Industry
By Country
The U.S.
By Laser Type
Canada
By Laser Type
Mexico
By Laser Type
Europe
By Laser Type
By Application
By Industry
By Country
UK
By Laser Type
Germany
By Laser Type
France
By Laser Type
Italy
By Laser Type
Spain
By Laser Type
Russia
By Laser Type
Benelux
By Laser Type
Nordics
By Laser Type
Rest of Europe
Asia Pacific
By Laser Type
By Application
By Industry
By Country
China
By Laser Type
India
By Laser Type
Japan
By Laser Type
South Korea
By Laser Type
ASEAN
By Laser Type
Oceania
By Laser Type
Rest of Asia Pacific
Middle East & Africa
By Laser Type
By Application
By Industry
By Country
Turkey
By Laser Type
Israel
By Laser Type
GCC
By Laser Type
North Africa
By Laser Type
South Africa
By Laser Type
Rest of Middle East & Africa
South America
By Laser Type
By Application
By Industry
By Country
Brazil
By Laser Type
Argentina
By Laser Type
Rest of South America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Key Takeaways
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Force Analysis
- 4.4. Global Market Share Analysis and Matrix, 2019
- 5. Key Market Insights and Strategic Recommendations
- 6. Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
- 6.1.1. Key Management
- 6.1.2. Headquarters etc.
- 6.2. Offerings/Business Segments
- 6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 6.3.1. Employee Size
- 6.3.2. Key Financials
- 6.3.2.1. Past and Current Revenue
- 6.3.2.2. Gross Margin
- 6.3.2.3. Geographical Share
- 6.3.2.4. Business Segment Share
- 6.4. Recent Developments
- 7. Primary Interview Responses
- 8. Annexure / Appendix
- 8.1. Global Laser Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.1.1. By Laser Type (Value)
- 8.1.1.1. Solid State Laser
- 8.1.1.2. Liquid Laser
- 8.1.1.3. Gas Laser
- 8.1.1.4. Others (Semiconductor, etc.)
- 8.1.2. By Application (Value)
- 8.1.2.1. Optical Communication
- 8.1.2.2. Laser Processing
- 8.1.2.3. Others (Storage, etc.)
- 8.1.3. By Industry (Value)
- 8.1.3.1. IT and Telecom
- 8.1.3.2. Electronics and Semiconductor
- 8.1.3.3. Healthcare
- 8.1.3.4. Manufacturing
- 8.1.3.5. Automotive
- 8.1.3.6. Aerospace and Defense
- 8.1.3.7. Others (Research, etc.)
- 8.1.4. By Region (Value)
- 8.1.4.1. North America
- 8.1.4.2. South America
- 8.1.4.3. Europe
- 8.1.4.4. Middle East & Africa
- 8.1.4.5. Asia Pacific
- 8.2. North America Laser Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.2.1. By Laser Type (Value)
- 8.2.1.1. Solid State Laser
- 8.2.1.2. Liquid Laser
- 8.2.1.3. Gas Laser
- 8.2.1.4. Others (Semiconductor, etc.)
- 8.2.2. By Application (Value)
- 8.2.2.1. Optical Communication
- 8.2.2.2. Laser Processing
- 8.2.2.3. Others (Storage, etc.)
- 8.2.3. By Industry (Value)
- 8.2.3.1. IT and Telecom
- 8.2.3.2. Electronics and Semiconductor
- 8.2.3.3. Healthcare
- 8.2.3.4. Manufacturing
- 8.2.3.5. Automotive
- 8.2.3.6. Aerospace and Defense
- 8.2.3.7. Others (Research, etc.)
- 8.2.4. By Country (Value)
- 8.2.4.1. United States
- 8.2.4.1.1. By Laser Type (Value)
- 8.2.4.1.1.1. Solid State Laser
- 8.2.4.1.1.2. Liquid Laser
- 8.2.4.1.1.3. Gas Laser
- 8.2.4.1.1.4. Others (Semiconductor, etc.)
- 8.2.4.2. Canada
- 8.2.4.2.1. By Laser Type (Value)
- 8.2.4.2.1.1. Solid State Laser
- 8.2.4.2.1.2. Liquid Laser
- 8.2.4.2.1.3. Gas Laser
- 8.2.4.2.1.4. Others (Semiconductor, etc.)
- 8.2.4.3. Mexico
- 8.2.4.3.1. By Laser Type (Value)
- 8.2.4.3.1.1. Solid State Laser
- 8.2.4.3.1.2. Liquid Laser
- 8.2.4.3.1.3. Gas Laser
- 8.2.4.3.1.4. Others (Semiconductor, etc.)
- 8.3. Europe Laser Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.3.1. By Laser Type (Value)
- 8.3.1.1. Solid State Laser
- 8.3.1.2. Liquid Laser
- 8.3.1.3. Gas Laser
- 8.3.1.4. Others (Semiconductor, etc.)
- 8.3.2. By Application (Value)
- 8.3.2.1. Optical Communication
- 8.3.2.2. Laser Processing
- 8.3.2.3. Others (Storage, etc.)
- 8.3.3. By Industry (Value)
- 8.3.3.1. IT and Telecom
- 8.3.3.2. Electronics and Semiconductor
- 8.3.3.3. Healthcare
- 8.3.3.4. Manufacturing
- 8.3.3.5. Automotive
- 8.3.3.6. Aerospace and Defense
- 8.3.3.7. Others (Research, etc.)
- 8.3.4. By Country (Value)
- 8.3.4.1. United Kingdom
- 8.3.4.1.1. By Laser Type (Value)
- 8.3.4.1.1.1. Solid State Laser
- 8.3.4.1.1.2. Liquid Laser
- 8.3.4.1.1.3. Gas Laser
- 8.3.4.1.1.4. Others (Semiconductor, etc.)
- 8.3.4.2. Germany
- 8.3.4.2.1. By Laser Type (Value)
- 8.3.4.2.1.1. Solid State Laser
- 8.3.4.2.1.2. Liquid Laser
- 8.3.4.2.1.3. Gas Laser
- 8.3.4.2.1.4. Others (Semiconductor, etc.)
- 8.3.4.3. France
- 8.3.4.3.1. By Laser Type (Value)
- 8.3.4.3.1.1. Solid State Laser
- 8.3.4.3.1.2. Liquid Laser
- 8.3.4.3.1.3. Gas Laser
- 8.3.4.3.1.4. Others (Semiconductor, etc.)
- 8.3.4.4. Italy
- 8.3.4.4.1. By Laser Type (Value)
- 8.3.4.4.1.1. Solid State Laser
- 8.3.4.4.1.2. Liquid Laser
- 8.3.4.4.1.3. Gas Laser
- 8.3.4.4.1.4. Others (Semiconductor, etc.)
- 8.3.4.5. Spain
- 8.3.4.5.1. By Laser Type (Value)
- 8.3.4.5.1.1. Solid State Laser
- 8.3.4.5.1.2. Liquid Laser
- 8.3.4.5.1.3. Gas Laser
- 8.3.4.5.1.4. Others (Semiconductor, etc.)
- 8.3.4.6. Russia
- 8.3.4.6.1. By Laser Type (Value)
- 8.3.4.6.1.1. Solid State Laser
- 8.3.4.6.1.2. Liquid Laser
- 8.3.4.6.1.3. Gas Laser
- 8.3.4.6.1.4. Others (Semiconductor, etc.)
- 8.3.4.7. Benelux
- 8.3.4.7.1. By Laser Type (Value)
- 8.3.4.7.1.1. Solid State Laser
- 8.3.4.7.1.2. Liquid Laser
- 8.3.4.7.1.3. Gas Laser
- 8.3.4.7.1.4. Others (Semiconductor, etc.)
- 8.3.4.8. Nordics
- 8.3.4.8.1. By Laser Type (Value)
- 8.3.4.8.1.1. Solid State Laser
- 8.3.4.8.1.2. Liquid Laser
- 8.3.4.8.1.3. Gas Laser
- 8.3.4.8.1.4. Others (Semiconductor, etc.)
- 8.3.4.9. Rest of Europe
- 8.4. Asia Pacific Laser Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.4.1. By Laser Type (Value)
- 8.4.1.1. Solid State Laser
- 8.4.1.2. Liquid Laser
- 8.4.1.3. Gas Laser
- 8.4.1.4. Others (Semiconductor, etc.)
- 8.4.2. By Application (Value)
- 8.4.2.1. Optical Communication
- 8.4.2.2. Laser Processing
- 8.4.2.3. Others (Storage, etc.)
- 8.4.3. By Industry (Value)
- 8.4.3.1. IT and Telecom
- 8.4.3.2. Electronics and Semiconductor
- 8.4.3.3. Healthcare
- 8.4.3.4. Manufacturing
- 8.4.3.5. Automotive
- 8.4.3.6. Aerospace and Defense
- 8.4.3.7. Others (Research, etc.)
- 8.4.4. By Country (Value)
- 8.4.4.1. China
- 8.4.4.1.1. By Laser Type (Value)
- 8.4.4.1.1.1. Solid State Laser
- 8.4.4.1.1.2. Liquid Laser
- 8.4.4.1.1.3. Gas Laser
- 8.4.4.1.1.4. Others (Semiconductor, etc.)
- 8.4.4.2. India
- 8.4.4.2.1. By Laser Type (Value)
- 8.4.4.2.1.1. Solid State Laser
- 8.4.4.2.1.2. Liquid Laser
- 8.4.4.2.1.3. Gas Laser
- 8.4.4.2.1.4. Others (Semiconductor, etc.)
- 8.4.4.3. Japan
- 8.4.4.3.1. By Laser Type (Value)
- 8.4.4.3.1.1. Solid State Laser
- 8.4.4.3.1.2. Liquid Laser
- 8.4.4.3.1.3. Gas Laser
- 8.4.4.3.1.4. Others (Semiconductor, etc.)
- 8.4.4.4. South Korea
- 8.4.4.4.1. By Laser Type (Value)
- 8.4.4.4.1.1. Solid State Laser
- 8.4.4.4.1.2. Liquid Laser
- 8.4.4.4.1.3. Gas Laser
- 8.4.4.4.1.4. Others (Semiconductor, etc.)
- 8.4.4.5. ASEAN
- 8.4.4.5.1. By Laser Type (Value)
- 8.4.4.5.1.1. Solid State Laser
- 8.4.4.5.1.2. Liquid Laser
- 8.4.4.5.1.3. Gas Laser
- 8.4.4.5.1.4. Others (Semiconductor, etc.)
- 8.4.4.6. Oceania
- 8.4.4.6.1. By Laser Type (Value)
- 8.4.4.6.1.1. Solid State Laser
- 8.4.4.6.1.2. Liquid Laser
- 8.4.4.6.1.3. Gas Laser
- 8.4.4.6.1.4. Others (Semiconductor, etc.)
- 8.4.4.7. Rest of Asia Pacific
- 8.5. Middle East & Africa Laser Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.5.1. By Laser Type (Value)
- 8.5.1.1. Solid State Laser
- 8.5.1.2. Liquid Laser
- 8.5.1.3. Gas Laser
- 8.5.1.4. Others (Semiconductor, etc.)
- 8.5.2. By Application (Value)
- 8.5.2.1. Optical Communication
- 8.5.2.2. Laser Processing
- 8.5.2.3. Others (Storage, etc.)
- 8.5.3. By Industry (Value)
- 8.5.3.1. IT and Telecom
- 8.5.3.2. Electronics and Semiconductor
- 8.5.3.3. Healthcare
- 8.5.3.4. Manufacturing
- 8.5.3.5. Automotive
- 8.5.3.6. Aerospace and Defense
- 8.5.3.7. Others (Research, etc.)
- 8.5.4. By Country (Value)
- 8.5.4.1. Turkey
- 8.5.4.1.1. By Laser Type (Value)
- 8.5.4.1.1.1. Solid State Laser
- 8.5.4.1.1.2. Liquid Laser
- 8.5.4.1.1.3. Gas Laser
- 8.5.4.1.1.4. Others (Semiconductor, etc.)
- 8.5.4.2. Israel
- 8.5.4.2.1. By Laser Type (Value)
- 8.5.4.2.1.1. Solid State Laser
- 8.5.4.2.1.2. Liquid Laser
- 8.5.4.2.1.3. Gas Laser
- 8.5.4.2.1.4. Others (Semiconductor, etc.)
- 8.5.4.3. GCC
- 8.5.4.3.1. By Laser Type (Value)
- 8.5.4.3.1.1. Solid State Laser
- 8.5.4.3.1.2. Liquid Laser
- 8.5.4.3.1.3. Gas Laser
- 8.5.4.3.1.4. Others (Semiconductor, etc.)
- 8.5.4.4. North Africa
- 8.5.4.4.1. By Laser Type (Value)
- 8.5.4.4.1.1. Solid State Laser
- 8.5.4.4.1.2. Liquid Laser
- 8.5.4.4.1.3. Gas Laser
- 8.5.4.4.1.4. Others (Semiconductor, etc.)
- 8.5.4.5. South Africa
- 8.5.4.5.1. By Laser Type (Value)
- 8.5.4.5.1.1. Solid State Laser
- 8.5.4.5.1.2. Liquid Laser
- 8.5.4.5.1.3. Gas Laser
- 8.5.4.5.1.4. Others (Semiconductor, etc.)
- 8.5.4.6. Rest of MEA
- 8.6. South America Laser Technology Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027
- 8.6.1. By Laser Type (Value)
- 8.6.1.1. Solid State Laser
- 8.6.1.2. Liquid Laser
- 8.6.1.3. Gas Laser
- 8.6.1.4. Others (Semiconductor, etc.)
- 8.6.2. By Application (Value)
- 8.6.2.1. Optical Communication
- 8.6.2.2. Laser Processing
- 8.6.2.3. Others (Storage, etc.)
- 8.6.3. By Industry (Value)
- 8.6.3.1. IT and Telecom
- 8.6.3.2. Electronics and Semiconductor
- 8.6.3.3. Healthcare
- 8.6.3.4. Manufacturing
- 8.6.3.5. Automotive
- 8.6.3.6. Aerospace and Defense
- 8.6.3.7. Others (Research, etc.)
- 8.6.4. By Country (Value)
- 8.6.4.1. Brazil
- 8.6.4.1.1. By Laser Type (Value)
- 8.6.4.1.1.1. Solid State Laser
- 8.6.4.1.1.2. Liquid Laser
- 8.6.4.1.1.3. Gas Laser
- 8.6.4.1.1.4. Others (Semiconductor, etc.)
- 8.6.4.2. Argentina
- 8.6.4.2.1. By Laser Type (Value)
- 8.6.4.2.1.1. Solid State Laser
- 8.6.4.2.1.2. Liquid Laser
- 8.6.4.2.1.3. Gas Laser
- 8.6.4.2.1.4. Others (Semiconductor, etc.)
- 8.6.4.3. Rest of South America
- 9. Please note that the segmentations and scope in the ToC is subjected to revisions (if needed) based to the primary and secondary insights with an aim to make it more relevant and in line with the market ecosystem
- 10. Following are some of the companies (to name a few and not limited to) considered in the scope for understanding the market ecosystem/value chain.
- 11. Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies would be profile in the scope.
- 12. However, at the same, we are open to profile additional company(s) on specific request
- 13. Coherent, Inc.
- 14. Access Laser Company
- 15. Lumenis Ltd.
- 16. IPG Photonics Corporation
- 17. The TRUMPF Group
- 18. Lumentum Holdings Inc.
- 19. Corning Incorporated
- 20. Jenoptik AG
- 21. Novanta Inc.
- 22. Lumibird
- 23. LaserStar Technologies Corporation
- 24. Epilog Corporation
- 25. Han's Laser Technology Industry Group Co., Ltd.
- 26. MKS Instruments, Inc.
- 27. Gravotech Engineering Pvt Ltd
- 28. The 600 Group PLC
- 29. eurolaser GmbH
- 30. Bystronic Laser
- 31. Toptica Photonics
- 32. Photonics Industries Inc.
- 33. Solaris Laser S.A.
- 34. Optotek d. o. o.
Research Assistance
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