The Industrial Lasers Market size is estimated at USD 6.06 billion in 2024, and is expected to reach USD 7.76 billion by 2029, growing at a CAGR of 5.10% during the forecast period (2024-2029).
The industrial lasers market is semi-consolidated as the significant vendors in the market are also expanding regionally and increasingly involved with ecosystem players, thus exploring new applications of ultrafast lasers. Some of the players include ACSYS Lasertechnik Inc., Han’s Laser Technology Industry Group Co. Ltd, Clark-MXR Inc., Newport Corporation (MKS Instruments Inc.), and Lumibird SA.
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