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Global Laser Technology Market by Laser Type (Solid, Gas, Liquid), Configuration (Fixed, Moving, Hybrid), Application (Laser Processing, Optical Communication), Vertical (Telecommunications, Automotive, Medical, Industrial) and Region - Forecast to 2029

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    Report

  • 252 Pages
  • April 2024
  • Region: Global
  • Markets and Markets
  • ID: 5139254
The laser technology market is expected to reach USD 29.5 billion by 2029 from USD 20.0 billion in 2024, at a CAGR of 8.0% from 2024-2029. Increasing demand for laser technology in healthcare vertical, better performance of laser-based techniques compared with conventional material processing methods, rising preference for laser-based material processing over traditional approaches.

solid laser segment holds the largest market share throughout the forecast period.

The laser types are segmented into solid lasers, liquid lasers, gas lasers, and other types. Solid-state lasers have been increasingly utilized in material processing due to their superior performance and efficiency compared to other types of lasers. Specifically, in the realm of laser materials processing, solid-state lasers offer several advantages, making them increasingly popular in various applications. Solid-state lasers, such as diode-pumped solid-state lasers (DPSSL) and fiber lasers, can deliver high-power output levels, enabling faster processing speeds and deeper penetration into materials. This capability is particularly beneficial for cutting, welding, and drilling applications in industries like automotive, aerospace, and metal fabrication.

Optical communication application is to grow with a higher CAGR during the forecast period.

Enabled by laser technology, optical communication offers unparalleled bandwidth and data transmission speeds, making it essential for supporting the proliferation of smartphones, IoT devices, streaming services, and cloud computing. The deployment of advanced telecommunications services such as 5G and fiber-to-the-home (FTTH) further drives the demand for laser-based optical communication solutions.

Telecommunications industry is to hold the largest market share of laser technology market in 2023.

Laser communication provides high data transfer rates with low power consumption and is a highly secure medium for data transmission. In the telecommunications vertical, laser technology is also used for signal strength optimization, precise network design, and proper tower placement. The growing population, increasing broadband penetration, and the necessity for better signal transmission are key factors fueling the adoption of laser technology in the telecommunications vertical in the region.

The China in holds the largest market share of laser technology market in 2023.

Asia Pacific comprises China, Japan, India and South Korea. China holds the largest market share in the laser technology market due to its thriving manufacturing industry, extensive investments in research and development (R&D), and booming healthcare sector. The country's robust manufacturing hub drives significant demand for laser-based solutions across various applications such as cutting, welding, and additive manufacturing. Government initiatives supporting innovation and high-tech industries have fostered the development of advanced laser technologies within China. Additionally, the country's focus on infrastructure development and the presence of a vast network of laser technology manufacturers and research institutions further strengthen its position as a market leader in laser technology.

The break-up of the profiles of primary participants:

  • By Company Type - Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
  • By Designation - C-level Executives - 48%, Directors - 33%, and Others - 19%
  • By Region - North America - 35%, Europe - 18%, Asia Pacific - 40%, and Rest of the World - 7%
Major players in the laser technology market include Coherent (US), Trumpf (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics (US) and Jenoptik AG (Germany), and others.

Research Coverage

The report segments the laser technology market by Laser Type, Configuration, Application, Vertical and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Reasons to buy the report:

The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall laser technology market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

  • Analysis of critical drivers (Increasing demand for laser technology in healthcare vertical, better performance of laser-based techniques compared with conventional material processing methods, rising preference for laser-based material processing over traditional approaches, shift toward production of nanodevices and microdevices, growing adoption of smart manufacturing techniques.), restraints (High deployment cost), opportunities (growing use of laser technology for quality checks in various verticals, growing adoption of laser technology for optical communication, emerging application of laser technology in research and development), challenges (environmental challenges related to the utilization of rare earth elements, technical challenges associated to high-power lasers, contamination during laser welding process) influencing the growth of the laser technology market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the laser technology market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the laser technology market across various regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the laser technology market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like include Coherent (US), Trumpf (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics (US) and Jenoptik AG (Germany), and others.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Inclusions and Exclusions
1.3.2 Markets Covered
Figure 1 Laser Technology Market Segmentation
1.3.3 Regional Scope
1.3.4 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Stakeholders
1.7 Summary of Changes
1.8 Recession Impact
2 Research Methodology
2.1 Research Data
Figure 2 Laser Technology Market: Research Design
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 List of Primary Interview Participants
2.1.2.3 Key Industry Insights
2.1.2.4 Key Data from Primary Sources
2.1.3 Secondary and Primary Research
Figure 3 Laser Technology Market: Research Approach
2.2 Market Size Estimation Methodology
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Estimate Market Size Using Bottom-Up Analysis (Demand Side)
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Estimate Market Size Using Top-Down Analysis (Supply Side)
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Laser Technology Market Size Estimation Methodology
2.3 Data Triangulation
Figure 7 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
2.6 Risk Assessment
2.7 Parameters Considered to Analyze Recession Impact on Laser Technology Market
3 Executive Summary
Figure 8 Laser Technology Market, 2020-2029
Figure 9 Solid Lasers Segment to Account for Largest Market Share in 2024
Figure 10 Hybrid Beam Segment Dominated Market in 2023
Figure 11 Laser Processing Segment to Record Highest CAGR During Forecast Period
Figure 12 Telecommunications Segment to Dominate Market from 2024 to 2029
Figure 13 Asia-Pacific Claimed Largest Market Share in 2023
4 Premium Insights
4.1 Attractive Opportunities for Players in Laser Technology Market
Figure 14 Rising Preference for Laser-Based Material Processing Over Traditional Material Processing Methods to Drive Laser Technology Market
4.2 Laser Technology Market, by Application
Figure 15 Laser Processing Segment Accounted for Largest Market Share in 2023
4.3 Laser Technology Market, by Laser Type
Figure 16 Solid Lasers Segment to Dominate Market in 2029
4.4 Laser Technology Market, by Vertical
Figure 17 Telecommunications Segment to Lead Market from 2024 to 2029
4.5 Laser Technology Market, by Region
Figure 18 India to Record Highest CAGR in Global Laser Technology Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Laser Technology Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Growing Use in Healthcare Industry
5.2.1.2 High Levels of Precision and Minimized Material Waste
5.2.1.3 Increasing Preference for Laser-Based Material Processing Over Conventional Methods
5.2.1.4 Rising Production of Nanodevices and Microdevices
Figure 20 Global Semiconductor Silicon Material Sales, 2020-2022
5.2.1.5 Adoption of Smart Manufacturing Techniques
5.2.1.6 Growing Demand in Automotive and Manufacturing Sectors
Figure 21 Laser Technology Market: Impact Analysis of Drivers
5.2.2 Restraints
5.2.2.1 High Deployment Cost
5.2.2.2 Shortage of Skilled Professionals
Figure 22 Laser Technology Market: Impact Analysis of Restraints
5.2.3 Opportunities
5.2.3.1 Application of Laser Spectroscopy and Imaging Technologies in Various Verticals
5.2.3.2 Deployment in Optical Communication
5.2.3.3 Ongoing Advancements in Satellite Communications
5.2.3.4 Growing Applications in Research and Development
Figure 23 Fiber Broadband Subscription Statistics for Top 10 Countries, 2022
Figure 24 Laser Technology Market: Impact Analysis of Opportunities
5.2.4 Challenges
5.2.4.1 Environmental Concerns Associated with Processing and Extraction of Rare-Earth Metals
5.2.4.2 Requirement for Wall Plug with High Efficiency for Long-Term Cw Operations
5.2.4.3 Contamination of Materials During Laser Welding Process
Figure 25 Laser Technology Market: Impact Analysis of Challenges
5.3 Supply Chain Analysis
Figure 26 Laser Technology Market: Supply Chain Analysis
5.4 Ecosystem Analysis
Figure 27 Global Laser Technology Ecosystem
Table 1 Role of Participants in Ecosystem
5.5 Investment and Funding Scenario
Figure 28 Investment and Funding Scenario, 2023
5.6 Pricing Analysis
5.6.1 Average Selling Price of Fiber Lasers, 2020-2029
Figure 29 Average Selling Price of Fiber Lasers
5.6.2 Average Selling Price of Lasers Offered by Three Key Players, by Type, 2023
Figure 30 Average Selling Price of Lasers Offered by Three Key Players, by Type, 2023
Table 2 Average Selling Price of Lasers Offered by Three Key Players, by Type
5.6.3 Average Selling Price of Fiber Lasers, by Region
Figure 31 Average Selling Price of Fiber Lasers, by Region, 2021-2023 (USD)
5.7 Trends/Disruptions Impacting Customers' Businesses
Figure 32 Trends/Disruptions Impacting Customers' Businesses
5.8 Technology Analysis
5.8.1 Key Technology
5.8.1.1 Adjustable Mode Beam Lasers
5.8.1.2 Additive Manufacturing Locus Beam Control
5.8.2 Complementary Technology
5.8.2.1 Lidar
5.8.3 Adjacent Technology
5.8.3.1 Quantum Cascade Lasers
5.9 Porter's Five Forces Analysis
Figure 33 Laser Technology Market: Porter's Five Forces Analysis
Table 3 Laser Technology Market: Porter's Five Forces Analysis
5.9.1 Threat of New Entrants
5.9.2 Threat of Substitutes
5.9.3 Bargaining Power of Suppliers
5.9.4 Bargaining Power of Buyers
5.9.5 Intensity of Competitive Rivalry
5.10 Key Stakeholders and Buying Criteria
5.10.1 Key Stakeholders in Buying Process
Figure 34 Influence of Stakeholders on Buying Process, by Vertical
Table 4 Influence of Stakeholders on Buying Process, by Vertical (%)
5.10.2 Buying Criteria
Figure 35 Key Buying Criteria, by Vertical
5.10.3 Key Buying Criteria for Top Three Verticals
5.11 Case Study Analysis
5.11.1 Former Dstl Inventors Make Laser Detection and Protection Systems for Defense and Security Industries
5.11.2 Laser Manufacturer Collaborates with Denton Vacuum to Introduce E-Beam Evaporation for Laser Bar Facet AR and HR Coating
5.11.3 Laser Marking Technologies Create Materials That Absorb Infrared Wavelength
5.12 Trade Analysis
5.12.1 Import Data
Figure 36 Import Data for Hs Code 901320-Compliant Products, by Country, 2018-2022 (USD Million)
5.12.2 Export Data
Figure 37 Export Data for Hs Code 901320-Compliant Products, by Country, 2018-2022 (USD Million)
5.13 Patent Analysis
Figure 38 Number of Patents Applied and Granted, 2014-2023
Table 5 List of Major Patents Applied/Granted, 2021-2024
5.14 Key Conferences and Events, 2024-2025
Table 6 Laser Technology Market: List of Key Conferences and Events, 2024-2025
5.15 Regulatory Landscape and Standards
5.15.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 9 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 10 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.15.2 Standards
5.15.2.1 Iec 60825-1:2014
5.15.2.2 Ansi Z136.1
5.15.2.3 Federal Laser Product Performance Standard (Flpps)
5.15.2.4 International Commission on Non-Ionizing Radiation Protection (Icnirp)
5.15.2.5 En 60825 - Safety of Laser Products
5.15.2.6 Fda Standards
6 Recent Trends and Implementation Areas of Laser Technology
6.1 Introduction
6.2 Recent Trends in Laser Technology
6.2.1 Femtosecond Lasers
6.2.2 Green and Ultrafast Lasers
6.2.3 Laser Surface Texturing
6.2.4 Laser Cleaning and Coating Removal
6.2.5 Laser Safety Technologies
6.2.6 Smart Manufacturing and Industry 4.0 Technology Integration
6.3 Implementation Areas of Laser Technology
6.3.1 Laser Printers
6.3.2 Laser Gyroscopes
6.3.3 Laser Headlights
6.3.4 Laser Rangefinders
6.3.5 Laser Security Systems
6.3.6 Other Implementation Areas
7 Laser Processing Components
7.1 Introduction
Figure 39 Laser Processing Components
7.2 Laser Systems
7.3 Lasers
8 Laser Technology Market, by Laser Type
8.1 Introduction
Figure 40 Laser Technology Market, by Laser Type
Figure 41 Solid Lasers Segment to Register Highest CAGR During Forecast Period
Table 11 Laser Technology Market, by Laser Type, 2020-2023 (USD Million)
Table 12 Laser Technology Market, by Laser Type, 2024-2029 (USD Million)
8.2 Solid Lasers
Table 13 Solid Lasers: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 14 Solid Lasers: Laser Technology Market, by Region, 2024-2029 (USD Million)
Table 15 Solid Lasers: Laser Technology Market, by Type, 2020-2023 (USD Million)
Table 16 Solid Lasers: Laser Technology Market, by Type, 2024-2029 (USD Million)
8.2.1 Fiber Lasers
8.2.1.1 Widespread Use in Telecommunications for Transmitting Data to Drive Market
Table 17 Fiber Lasers: Laser Technology Market, 2020-2023 (Thousand Units)
Table 18 Fiber Lasers: Laser Technology Market, 2024-2029 (Thousand Units)
8.2.2 Ruby Lasers
8.2.2.1 Ability to Offer Short Bursts of High-Intensity Light with No Wastage of Material to Accelerate Demand
8.2.3 Yttrium Aluminum Garnet (Yag) Lasers
8.2.3.1 Growing Demand for High-Energy Laser Beams to Fuel Market Growth
8.2.4 Semiconductor Lasers
8.2.4.1 Increasing Applications in Metrology, Spectroscopy, and Laser Material Processing to Boost Demand
8.2.5 Thin-Disk Lasers
8.2.5.1 Ability to Produce High Output Powers with Good Beam Quality to Accelerate Demand
8.3 Liquid Lasers
8.3.1 Rising Application in Remote Sensing and Mapping Technologies to Boost Demand
Table 19 Liquid Lasers: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 20 Liquid Lasers: Laser Technology Market, by Region, 2024-2029 (USD Million)
8.4 Gas Lasers
Table 21 Gas Lasers: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 22 Gas Lasers: Laser Technology Market, by Region, 2024-2029 (USD Million)
Table 23 Gas Lasers: Laser Technology Market, by Type, 2020-2023 (USD Million)
Table 24 Gas Lasers: Laser Technology Market, by Type, 2024-2029 (USD Million)
8.4.1 Co2 Lasers
8.4.1.1 Growing Deployment in Military Sector to Boost Demand
8.4.2 Excimer Lasers
8.4.2.1 Increasing Demand for Material Processing and Industrial Applications to Drive Market
8.4.3 Helium-Neon Lasers
8.4.3.1 Low Cost and Ease of Use to Boost Demand
8.4.4 Argon Lasers
8.4.4.1 Rising Use in Medical Procedures to Accelerate Demand
8.4.5 Chemical Lasers
8.4.5.1 Growing Applications in Directed Energy Weapons and Anti-Missile Systems to Drive Market
8.5 Other Laser Types
Table 25 Other Laser Types: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 26 Other Laser Types: Laser Technology Market, by Region, 2024-2029 (USD Million)
9 Laser Technology Market, by Configuration
9.1 Introduction
Figure 42 Laser Technology Market, by Configuration
Figure 43 Moving Beam Segment to Exhibit Highest CAGR During Forecast Period
Table 27 Laser Technology Market, by Configuration, 2020-2023 (USD Million)
Table 28 Laser Technology Market, by Configuration, 2024-2029 (USD Million)
9.1.1 Fixed Beams
9.1.1.1 Increasing Use for Cutting and Welding Metals to Drive Market
9.1.2 Moving Beams
9.1.2.1 Requirement for Rapid and Precise Laser Beam Movements to Foster Segmental Growth
9.1.3 Hybrid Beams
9.1.3.1 Need for Enhanced Efficiency and Flexibility of Laser Technology to Expedite Segmental Growth
Table 29 Comparison of Different Laser Technology Configurations
10 Laser Technology Market, by Application
10.1 Introduction
Figure 44 Laser Technology Market, by Application
Figure 45 Laser Processing Segment to Exhibit Highest CAGR During Forecast Period
Table 30 Laser Technology Market, by Application, 2020-2023 (USD Million)
Table 31 Laser Technology Market, by Application, 2024-2029 (USD Million)
10.2 Laser Processing
10.2.1 Growing Utilization of Laser Surface Alloying in Automotive and Aerospace Industries to Drive Market
Table 32 Laser Processing: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 33 Laser Processing: Laser Technology Market, by Region, 2024-2029 (USD Million)
10.2.2 Macro Processing
10.2.2.1 Cutting
10.2.2.1.1 Fusion Cutting
10.2.2.1.2 Flame Cutting
10.2.2.1.3 Sublimation Cutting
10.2.2.2 Drilling
10.2.2.2.1 Single-Pulse Drilling
10.2.2.2.2 Percussion Drilling
10.2.2.2.3 Trepanning Drilling
10.2.2.2.4 Helical Drilling
10.2.2.3 Welding
10.2.2.4 Marking and Engraving
10.2.3 Microprocessing
10.2.4 Advanced Processing
10.3 Optical Communication
10.3.1 Growing Demand in Data Networking to Boost Demand
Table 34 Optical Communication: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 35 Optical Communication: Laser Technology Market, by Region, 2024-2029 (USD Million)
10.4 Optoelectronic Devices
10.4.1 Rising Application in Sensing and Imaging to Drive Market
Table 36 Optoelectronic Devices: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 37 Optoelectronic Devices: Laser Technology Market, by Region, 2024-2029 (USD Million)
10.5 Other Applications
Table 38 Other Applications: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 39 Other Applications: Laser Technology Market, by Region, 2024-2029 (USD Million)
11 Laser Technology Market, by Vertical
11.1 Introduction
Figure 46 Laser Technology Market, by Vertical
Figure 47 Telecommunications Segment to Hold Largest Market Share During Forecast Period
Table 40 Laser Technology Market, by Vertical, 2020-2023 (USD Million)
Table 41 Laser Technology Market, by Vertical, 2024-2029 (USD Million)
11.2 Telecommunications
11.2.1 Growing Adoption in Fiber Optic Communication to Boost Demand
Table 42 Telecommunications: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 43 Telecommunications: Laser Technology Market, by Region, 2024-2029 (USD Million)
11.3 Industrial
11.3.1 Integration of Laser Systems with Advanced Beam Delivery Systems and Cnc Machinery to Offer Lucrative Growth Opportunities for Players
Table 44 Industrial: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 45 Industrial: Laser Technology Market, by Region, 2024-2029 (USD Million)
11.4 Semiconductor & Electronics
11.4.1 Growing Demand for Miniaturized Semiconductor Components to Boost Demand
Table 46 Semiconductor & Electronics: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 47 Semiconductor & Electronics: Laser Technology Market, by Region, 2024-2029 (USD Million)
11.4.2 Memory Chips
11.4.3 Microprocessors
11.4.4 Photonic Integrated Circuits
11.5 Commercial
11.5.1 Growing Demand for Enhanced Security in Smart Cards to Drive Market
Table 48 Commercial: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 49 Commercial: Laser Technology Market, by Region, 2024-2029 (USD Million)
11.6 Aerospace
11.6.1 Increased Adoption for Machining Aircraft Parts to Accelerate Market Growth
Table 50 Aerospace: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 51 Aerospace: Laser Technology Market, by Region, 2024-2029 (USD Million)
11.7 Automotive
11.7.1 Rising Demand for Seam Welding and High-Strength Steel Cutting in Automotive Industry to Foster Segmental Growth
Table 52 Automotive: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 53 Automotive: Laser Technology Market, by Region, 2024-2029 (USD Million)
11.8 Medical
11.8.1 Increasing Application in Surgical Procedures to Drive Demand
Table 54 Medical: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 55 Medical: Laser Technology Market, by Region, 2024-2029 (USD Million)
11.8.2 Laser Vision Correction
11.8.3 Confocal Microscopes
11.8.4 Optogenetics
11.9 Research
11.9.1 Growing Application in Confocal Microscopy and Two-Photon Microscopy to Drive Market
Table 56 Research: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 57 Research: Laser Technology Market, by Region, 2024-2029 (USD Million)
11.10 Other Verticals
Table 58 Other Verticals: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 59 Other Verticals: Laser Technology Market, by Region, 2024-2029 (USD Million)
12 Laser Technology Market, by Region
12.1 Introduction
Figure 48 India to Exhibit Highest CAGR in Global Laser Technology Market During Forecast Period
Table 60 Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 61 Laser Technology Market, by Region, 2024-2029 (USD Million)
12.2 North America
12.2.1 Impact of Recession on Laser Technology Market in North America
Figure 49 North America: Laser Technology Market Snapshot
Table 62 North America: Laser Technology Market, by Vertical, 2020-2023 (USD Million)
Table 63 North America: Laser Technology Market, by Vertical, 2024-2029 (USD Million)
Table 64 North America: Laser Technology Market, by Type, 2020-2023 (USD Million)
Table 65 North America: Laser Technology Market, by Type, 2024-2029 (USD Million)
Table 66 North America: Laser Technology Market, by Application, 2020-2023 (USD Million)
Table 67 North America: Laser Technology Market, by Application, 2024-2029 (USD Million)
Table 68 North America: Laser Technology Market, by Country, 2020-2023 (USD Million)
Table 69 North America: Laser Technology Market, by Country, 2024-2029 (USD Million)
12.2.2 US
12.2.2.1 Growing Demand for Miniature Laser Processing Devices in Healthcare Industry to Drive Market
12.2.3 Canada
12.2.3.1 Government-Led Initiatives to Develop, Produce, and Sell Evs to Boost Demand
12.2.4 Mexico
12.2.4.1 Rising Adoption in Automobile, Aerospace, and Electronics to Accelerate Demand
12.3 Europe
12.3.1 Impact of Recession on Laser Technology Market in Europe
Figure 50 Europe: Laser Technology Market Snapshot
Table 70 Europe: Laser Technology Market, by Vertical, 2020-2023 (USD Million)
Table 71 Europe: Laser Technology Market, by Vertical, 2024-2029 (USD Million)
Table 72 Europe: Laser Technology Market, by Type, 2020-2023 (USD Million)
Table 73 Europe: Laser Technology Market, by Type, 2024-2029 (USD Million)
Table 74 Europe: Laser Technology Market, by Application, 2020-2023 (USD Million)
Table 75 Europe: Laser Technology Market, by Application, 2024-2029 (USD Million)
Table 76 Europe: Laser Technology Market, by Country, 2020-2023 (USD Million)
Table 77 Europe: Laser Technology Market, by Country, 2024-2029 (USD Million)
12.3.2 Germany
12.3.2.1 Rising Use in Minimally Invasive Surgical Procedures to Drive Market
12.3.3 France
12.3.3.1 Increasing Demand in Automotive, Telecommunications, and Healthcare Verticals to Fuel Market Growth
12.3.4 UK
12.3.4.1 Rising Emphasis on Reducing Greenhouse Gas Emissions to Fuel Market Growth
12.3.5 Rest of Europe
12.4 Asia-Pacific
12.4.1 Impact of Recession on Laser Technology Market in Asia-Pacific
Figure 51 Asia-Pacific: Laser Technology Market Snapshot
Table 78 Asia-Pacific: Laser Technology Market, by Vertical, 2020-2023 (USD Million)
Table 79 Asia-Pacific: Laser Technology Market, by Vertical, 2024-2029 (USD Million)
Table 80 Asia-Pacific: Laser Technology Market, by Type, 2020-2023 (USD Million)
Table 81 Asia-Pacific: Laser Technology Market, by Type, 2024-2029 (USD Million)
Table 82 Asia-Pacific: Laser Technology Market, by Application, 2020-2023 (USD Million)
Table 83 Asia-Pacific: Laser Technology Market, by Application, 2024-2029 (USD Million)
Table 84 Asia-Pacific: Laser Technology Market, by Country, 2020-2023 (USD Million)
Table 85 Asia-Pacific: Laser Technology Market, by Country, 2024-2029 (USD Million)
12.4.2 China
12.4.2.1 Growing Use in Semiconductor Chip Manufacturing Processes to Propel Market Growth
12.4.3 Japan
12.4.3.1 Presence of Prominent Automobile and Electronic Companies to Drive Market
12.4.4 India
12.4.4.1 Government-Led Projects to Boost Domestic Manufacturing to Fuel Market Growth
12.4.5 South Korea
12.4.5.1 Consumer Electronics and Automotive Industries to Offer Lucrative Growth Opportunities for Market Players
12.4.6 Rest of Asia-Pacific
12.5 RoW
12.5.1 Impact of Recession on Laser Technology Market in RoW
Table 86 RoW: Laser Technology Market, by Vertical, 2020-2023 (USD Million)
Table 87 RoW: Laser Technology Market, by Vertical, 2024-2029 (USD Million)
Table 88 RoW: Laser Technology Market, by Type, 2020-2023 (USD Million)
Table 89 RoW: Laser Technology Market, by Type, 2024-2029 (USD Million)
Table 90 RoW: Laser Technology Market, by Application, 2020-2023 (USD Million)
Table 91 RoW: Laser Technology Market, by Application, 2024-2029 (USD Million)
Table 92 RoW: Laser Technology Market, by Region, 2020-2023 (USD Million)
Table 93 RoW: Laser Technology Market, by Region, 2024-2029 (USD Million)
12.5.2 South America
12.5.2.1 Investments in Laser Technology and Infrastructure to Drive Market
12.5.3 Gcc Countries
12.5.3.1 Growing Demand for Light Weight Cars to Drive Market
12.5.4 Africa & Rest of Middle East
12.5.4.1 Increasing Use of Evs to Offer Lucrative Growth Opportunities for Market Players
13 Competitive Landscape
13.1 Overview
13.2 Key Player Strategies/Right to Win, 2022-2024
Table 94 Overview of Strategies Adopted by Key Players, 2022-2024
13.3 Revenue Analysis of Top Five Players, 2018-2022
Figure 52 Five-Year Revenue Analysis of Top Five Players, 2018-2022
13.4 Laser Technology Market Share Analysis, 2023
Table 95 Laser Technology Market: Degree of Competition, 2023
Figure 53 Laser Technology Market Share Analysis, 2023
13.5 Company Valuation and Financial Metrics
Figure 54 Laser Technology Market: Company Valuation
Figure 55 Laser Technology Market: Financial Metrics
13.6 Brand/Product Comparison
Figure 56 Brand/Product Comparison
13.7 Company Evaluation Matrix: Key Players, 2023
13.7.1 Stars
13.7.2 Emerging Leaders
13.7.3 Pervasive Players
13.7.4 Participants
Figure 57 Laser Technology Market: Company Evaluation Matrix (Key Players), 2023
13.7.5 Company Footprint: Key Players, 2023
13.7.5.1 Overall Company Footprint
Figure 58 Laser Technology Market: Company Footprint
13.7.5.2 Laser Type Footprint
Table 96 Laser Technology Market: Laser Type Footprint
13.7.5.3 Application Footprint
Table 97 Laser Technology Market: Application Footprint
13.7.5.4 Vertical Footprint
Table 98 Laser Technology Market: Vertical Footprint
13.7.5.5 Region Footprint
Table 99 Laser Technology Market: Region Footprint
13.8 Company Evaluation Matrix (Startups/SMEs), 2023
13.8.1 Progressive Companies
13.8.2 Responsive Companies
13.8.3 Dynamic Companies
13.8.4 Starting Blocks
Figure 59 Laser Technology Market: Company Evaluation Matrix (Startups/SMEs), 2023
13.8.5 Competitive Benchmarking: Startups/SMEs, 2023
13.8.5.1 List of Key Startups/SMEs
Table 100 Laser Technology Market: List of Key Startups/SMEs
13.8.5.2 Competitive Benchmarking of Key Startups/SMEs
Table 101 Laser Technology Market: Competitive Benchmarking of Key Startups/SMEs
13.9 Competitive Scenarios and Trends
13.9.1 Product Launches
Table 102 Laser Technology Market: Product Launches, September 2021-January 2024
13.9.2 Deals
Table 103 Laser Technology Market: Deals, September 2021-January 2024
14 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)*
14.1 Key Players
14.1.1 Coherent Corp.
Table 104 Coherent Corp.: Company Overview
Figure 60 Coherent Corp.: Company Snapshot
Table 105 Coherent Corp.: Products/Solutions/Services Offered
Table 106 Coherent Corp.: Product Launches
14.1.2 Trumpf
Table 107 Trumpf: Company Overview
Figure 61 Trumpf: Company Snapshot
Table 108 Trumpf: Products/Solutions/Services Offered
Table 109 Trumpf: Product Launches
14.1.3 Han's Laser Technology Industry Group Co., Ltd
Table 110 Han's Laser Technology Industry Group Co., Ltd: Company Overview
Figure 62 Han's Laser Technology Industry Group Co., Ltd: Company Snapshot
Table 111 Han's Laser Technology Industry Group Co., Ltd: Products/Solutions/Services Offered
Table 112 Han's Laser Technology Industry Group Co., Ltd: Product Launches
Table 113 Han's Laser Technology Industry Group Co., Ltd: Deals
14.1.4 Ipg Photonics Corporation
Table 114 Ipg Photonics Corporation: Company Overview
Figure 63 Ipg Photonics Corporation: Company Snapshot
Table 115 Ipg Photonics Corporation: Products/Solutions/Services Offered
Table 116 Ipg Photonics Corporation: Product Launches
14.1.4.3.2 Deals
Table 117 Ipg Photonics Corporation: Deals
14.1.5 Jenoptik AG
Table 118 Jenoptik AG: Company Overview
Figure 64 Jenoptik AG: Company Snapshot
Table 119 Jenoptik AG: Products/Solutions/Services Offered
Table 120 Jenoptik AG: Product Launches
Table 121 Jenoptik AG: Deals
Table 122 Jenoptik: Others
14.1.6 Group PLC
Table 123 Group PLC: Company Overview
Figure 65 Group PLC: Company Snapshot
Table 124 Group PLC: Products/Solutions/Services Offered
14.1.7 Bystronic Group
Table 125 Bystronic Group: Company Overview
Figure 66 Bystronic Group: Company Snapshot
Table 126 Bystronic Group: Product/Solutions/Services Offered
Table 127 Bystronic Group: Product Launches
14.1.8 Epilog Laser
Table 128 Epilog Laser: Company Overview
Table 129 Epilog Laser: Products/Solutions/Services Offered
Table 130 Epilog Laser: Product Launches
Table 131 Epilog Laser: Expansions
14.1.9 Eurolaser GmbH
Table 132 Eurolaser GmbH: Company Overview
Table 133 Eurolaser GmbH: Products/Solutions/Services Offered
14.1.10 Gravotech Marking
Table 134 Gravotech Marking: Company Overview
Table 135 Gravotech Marking: Products/Solutions/Services Offered
Table 136 Gravotech Marking: Product Launches
14.1.11 Laserstar Technologies Corporation
Table 137 Laserstar Technologies Corporation: Company Overview
Table 138 Laserstar Technologies Corporation: Products/Solutions/Services Offered
14.1.12 Lumibird
Table 139 Lumibird: Company Overview
Figure 67 Lumibird: Company Snapshot
Table 140 Lumibird: Products/Solutions/Services Offered
Table 141 Lumibird: Product Launches
Table 142 Lumibird: Deals
14.1.13 Lumentum Operations LLC
Table 143 Lumentum Operations LLC: Company Overview
Figure 68 Lumentum Operations LLC: Company Snapshot
Table 144 Lumentum Operations LLC: Products/Solutions/Services Offered
Table 145 Lumentum Operations LLC: Product Launches
Table 146 Lumentum Operation LLC: Deals
Table 147 Lumentum Operation LLC: Others
14.1.14 Mks Instruments
Table 148 Mks Instruments: Company Overview
Figure 69 Mks Instruments: Company Snapshot
Table 149 Mks Instruments: Products/Solutions/Services Offered
Table 150 Mks Instruments: Product Launches
Table 151 Mks Instruments: Deals
14.1.15 Novanta Inc.
Table 152 Novanta Inc.: Company Overview
Figure 70 Novanta Inc.: Company Snapshot
Table 153 Novanta Inc.: Products/Solutions/Services Offered
Table 154 Novanta Inc.: Product Launches
Table 155 Novanta Inc.: Deals
14.2 Other Players
14.2.1 Alphalas GmbH
14.2.2 Applied Laser Technology, Inc
14.2.3 Arima Lasers Corp.
14.2.4 Focuslight Technologies Inc.
14.2.5 Inno Laser Technology Co., Ltd.
14.2.6 Nkt Photonics A/S
14.2.7 Photonics Industries International.Inc.
14.2.8 Sfx Store
14.2.9 Toptica Photonics AG
14.2.10 Vescent
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, Weakness/Competitive Threats)* Might Not be Captured in Case of Unlisted Companies.
15 Adjacent Market
15.1 Introduction
15.2 Fiber Optics Market
Figure 71 Glasses Segment to Register Higher CAGR During Forecast Period
Table 156 Fiber Optics Market, by Fiber Type, 2018-2021 (USD Million)
Table 157 Fiber Optics Market, by Fiber Type, 2022-2027 (USD Million)
Table 158 Fiber Optics Market, by Fiber Type, 2018-2021 (Million Fiber Kilometer)
Table 159 Fiber Optics Market, by Fiber Type, 2022-2027 (Million Fiber Kilometer)
15.3 Glasses
15.3.1 Low Intrinsic Absorption Properties of Glasses to Boost Demand
Figure 72 Asia-Pacific to Register Highest CAGR During Forecast Period
Table 160 Glasses: Fiber Optics Market, by Region, 2018-2021 (USD Million)
Table 161 Glasses: Fiber Optics Market, by Region, 2022-2027 (USD Million)
Table 162 Glasses: Fiber Optics Market, by Region, 2018-2021 (Million Fiber Kilometer)
Table 163 Glasses: Fiber Optics Market, by Region, 2022-2027 (Million Fiber Kilometer)
15.4 Plastics
15.4.1 Suitability for Industrial and Automotive Lighting Applications to Drive Market
Figure 73 Asia-Pacific to Dominate Plastic Fiber Optics Market from 2024 to 2029
Table 164 Plastics: Fiber Optics Market, by Region, 2018-2021 (USD Million)
Table 165 Plastics: Fiber Optics Market, by Region, 2022-2027 (USD Million)
Table 166 Plastics: Fiber Optics Market, by Region, 2018-2021 (Million Fiber Kilometer)
Table 167 Plastics: Fiber Optics Market, by Region, 2022-2027 (Million Fiber Kilometer)
16 Appendix
16.1 Insights from Industry Experts
16.2 Discussion Guide
16.3 Knowledgestore: The Subscription Portal
16.4 Customization Options

Companies Mentioned

  • Coherent Corp.
  • Trumpf
  • Han's Laser Technology Industry Group Co., Ltd
  • Ipg Photonics Corporation
  • Jenoptik AG
  • Group PLC
  • Bystronic Group
  • Epilog Laser
  • Eurolaser GmbH
  • Gravotech Marking
  • Laserstar Technologies Corporation
  • Lumibird
  • Lumentum Operations LLC
  • Mks Instruments
  • Novanta Inc.
  • Alphalas GmbH
  • Applied Laser Technology, Inc
  • Arima Lasers Corp.
  • Focuslight Technologies Inc.
  • Inno Laser Technology Co., Ltd.
  • Nkt Photonics A/S
  • Photonics Industries International.Inc.
  • Sfx Store
  • Toptica Photonics AG
  • Vescent

Methodology

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