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Mid-infrared Lasers - Global Market Trajectory & Analytics

  • ID: 5140641
  • Report
  • September 2020
  • Region: Global
  • 295 pages
  • Global Industry Analysts, Inc
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Global Mid-infrared Lasers Market to Reach US$1.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Mid-infrared Lasers estimated at US$799.9 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 9.9% over the analysis period 2020-2027. Spectroscopy, one of the segments analyzed in the report, is projected to grow at a 10.9% CAGR to reach US$583.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Remote Sensing segment is readjusted to a revised 9.7% CAGR for the next 7-year period. This segment currently accounts for a 30% share of the global Mid-infrared Lasers market.

The U. S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 13.3% CAGR for the Period of 2020-2027

The Mid-infrared Lasers market in the U. S. is estimated at US$230.8 Million in the year 2020. The country currently accounts for a 28.86% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$283.4 Million in the year 2027 trailing a CAGR of 13.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 8.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR while Rest of European market (as defined in the study) will reach US$283.4 Million by the year 2027.

Free Space Communication Segment Corners a 6.9% Share in 2020

In the global Free Space Communication segment, USA, Canada, Japan, China and Europe will drive the 7.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$41.5 Million in the year 2020 will reach a projected size of US$67.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$226.6 Million by the year 2027, while Latin America will expand at a 9.1% CAGR through the analysis period. We bring years of research experience to this 9th edition of our report. The 295-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Alpes Lasers SA
  • AMS Technologies AG
  • Andritz Powerlase Limited
  • Block Engineering
  • Boston Electronics Corporation
  • ELUXI Ltd.
  • EQ Photonics GmbH
  • Genia Photonics Inc.
  • Hamamatsu Photonics KK
  • IPG Photonics Corporation
  • Photonics Industries International Inc.
  • Physical Sciences, Inc.
  • PolarOnyx, Inc.
  • Power Technology, Inc.
  • Pranalytica, Inc.
  • Quanta System SpA
  • Sacher Lasertechnik GmbH
  • SOLAR Laser Systems
  • Soliton Laser Und Messtechnik GmbH
  • Spectra-Physics
  • Thermo Fisher Scientific, Inc.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Global Competitor Market Shares
  • Mid-infrared Lasers Competitor Market Share Scenario Worldwide (in %): 2018E
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Mid-infrared Lasers Market Share (in %) by Company: 2018 & 2027
  • Market Analytics
CANADA

JAPAN

CHINA

EUROPE
  • Market Facts & Figures
  • European Mid-infrared Lasers Market: Competitor Market Share Scenario (in %)for 2018 & 2027
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 53
Note: Product cover images may vary from those shown
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