Laser Technology Market 2018 Global Leaders Overview: Quantel Group, LasaerStar Technologies, Trumpf Group, Lumentum Holdings, Coherent, Corning Incorporated, NeoPhotonics

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.

Market Scenario

Companies such as Corning Incorporated (U.S.), IPG Photonics Corp. (U.S.), Micron Laser Technology (U.S.), LasaerStar Technologies Corp. (U.S.), ALT Advanced Lazer Technologies (U.K), Applied Laser Technology, Inc. (U.S.), are the leading providers of laser technology solution in the global market. The factor that drive the market growth of laser technologies is the increasing implementation of lasers in material processing applications such as cutting, welding, engraving and others. For instance, laser systems are widely used for cutting airbag cloth and composite materials in automotive sectors. In February 09, 2016, Corning Incorporated entered into a partnership agreement with Altechna R&D to develop new laser glass processing technologies. This is due to growing demand of laser processing technologies for ultra-strong, ultrathin, and ultraclean glass processing solutions.

The growing demand for optical communication is the driving factor for the market growth of the laser technologies as it consumes lesser power for data transmission. Moreover, the increasing demand of infrared thermometer is gaining momentum in the coming years as it is widely used for measurement of temperature on any object in the industries. In December 20, 2016, Corning Incorporated has announced its new product new high-precision laser processing tool for commercial availability. This tools are designed for cutting and drilling strengthened and non-strengthened glass. Apart from glass, it is also used for crystalline materials, and processing micro materials which includes OLED, polyimide, wafers, ceramics, plastics, and others.

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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.

Laser Technology Global Market - Segmentation

The Laser Technology Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

• Segmentation by Type: Solid Laser, Liquid Laser, Gas Laser among others.
• Segmentation by Application: Laser Processing, Laser Gyroscopes, Laser Printers, Laser Scanners, Laser Rangefinders, Laser Headlights, Laser Security Systems, Optical Communication and others.
• Segmentation by End – User: IT & telecommunication, aerospace & defense, healthcare, automotive, among others
• Segmentation by Regions: Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Laser Technology Global Market - Regional Analysis

North America is dominating the global laser technology market with the largest market share due to increasing demand wireless laser connections, which is gaining demand in laser technology market and is expected to gain growth by 2023. Global Laser Technology market in European market is expected to grow at a substantial high CAGR during 2017 to 2023 due to increasing implementation of material processing applications in manufacturing sectors. The Asia Pacific market for laser technology market is expected to grow at a considerable CAGR (2017-2023).

Industry News:

March 6, 2018- Chief Automotive Technologies , the leading provider of computerized measuring equipment and vehicle specification data, has introduced Live Mapping system. This system is integrated with Galileo laser scanner and real-time measurements of collision-damaged vehicles.

March 14, 2018 - II‐VI Incorporated, a leader in laser components and subsystems, had announced about their product launched DirectProcess 900 direct diode laser engine with 1 kW output power and network interfaces for Industry 4.0. It is widely used in industrial materials processing application including joining, cutting and hardening, and others.

21 March 2018- Osram Opto Semiconductors GmbH and Nichia Corp had announced to expand their nitride LED and laser IP cooperation.

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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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