Laser Technology Market 2018 Leading Players Analysis: Quantel Group, LasaerStar Technologies, Applied Laser Technology, Epilog Laser, NeoPhotonics, Coherent, Corning Incorporated, IPG Photonics

Market Research Future published a research report on “Laser Technology Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Laser Technology Market – Overview

Laser technology has come to be applied in a wide range of activities that have added positively to the development of the market. Market focused reports connected to the semiconductors and electronics industry among others lately have been made available by Market Research Future which publishes reports in this industry. The market is anticipated to achieve USD 18 billion approximately in terms of revenue by 2023 while growing at a CAGR of 6 percent in the forecast period.

Laser technology has penetrated into many of the products that are being used on a daily basis. Blu-Ray, bar code scanners and DVD players are a few of the popular products that employ laser technology to a great extent. Rising demand from the manufacturing industry and surgical procedures such as LASIK have increased the demand for the development of laser technology in the recent years. Increasing demand for optical communication is the driving the progress of the laser technology market at a greater level. The sector is expected to benefit from the investment inflows from current market players as well new investors in the market throughout the forecast period.

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Key Players:

Some of the prominent players in the global Laser Technology Market Coherent, Inc. (U.S.), Corning Incorporated (U.S.), IPG Photonics Corp. (U.S.), Micron Laser Technology (U.S.), Trumpf Group (Germany), Laser Technology, Inc. (U.S.), Lumentum Holdings Inc. (U.S.), Haas Laser Technologies Inc. (U.S.), Jeanoptik AG (Germany), Novanta Inc. (U.S.), Quantel Group (U.K), LasaerStar Technologies Corp. (U.S.), ALT Advanced Lazer Technologies (U.K), Applied Laser Technology, Inc. (U.S.), Epilog Laser (U.S.), NeoPhotonics Corporation (U.S.), Han's Laser Technology Co., Ltd (China), MKS Instruments (U.S.), among others.

Global Laser technology Market Segmentation

The global laser technology market is segmented into type, application, verticals, and region. The type is segmented into solid laser, liquid laser, gas laser and others. The applications segment is sub-segmented into laser processing, laser gyroscopes, laser printers, laser scanners, laser rangefinders, laser headlights, laser security systems, optical communication and others. Further, the laser processing is sub-segmented into macro processing, micro processing, advanced processing and others. The end-users segment is sub-segmented into IT & telecommunication, aerospace & defense, healthcare, automotive, and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.

Market Research Analysis:

The global laser technology market is consists of the Americas, Europe, Asia Pacific, and Rest of world. North America is dominating the global laser technology market. The laser technology market is witnessing a high growth as these region due to various sectors such as IT & telecommunication, aerospace & defense, healthcare, automotive, and others. Europe is projected to hold the second largest share of the laser technology market during the forecast period. It is due to the huge demand of laser technology for various applications such as cutting, welding, engraving and others. Asia Pacific is expected to witness the highest CAGR in the coming years.

Industry Updates:

May 2018 Trumpf has recently held a ceremony In Yangzhou, marking the opening of a new €12 million production site for its subsidiary, JFY. Also, Trumpf had stated it is spending €8 million in Trumpf China, where construction crews have broken ground in April for a multipurpose site for a workforce of 590 personnel. The high quality laser cutting machines that process sheet metal are the main revenue drivers for Trumpf China. Trumpf is consolidating its place in the Chinese market with a strong local presence, and this move is a part of their strategy to create their market presence.

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Intended Audience

• Laser technology companies
• Laser technology providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators

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