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    Laser Technology Market

    Laser Technology Market Size, Share, Forecast, & Trends Analysis by Type (Solid-state Laser, Gas Laser, Liquid Laser), Application (Laser Processing, Optical Communications), End User (Industrial, Healthcare, Commercial, Telecommunications), and Geography - Global Forecast to 2031

    Report ID:MRSE - 104495 Pages: 230 Jun-2024 Formats*: PDF Category: Semiconductor and Electronics Delivery: 24 to 48 Hours

    Laser Technology Market Size & Forecast

    The Laser Technology Market is expected to reach $32.8 billion by 2031, at a CAGR of 10.6% from 2024 to 2031. The growth of the laser technology market is driven by the increasing adoption of laser technology in the electronics industry, the transition towards micro and nanodevices, and the preference for laser-based material processing over traditional material processing methods.

    Furthermore, the utilization of laser technology in robotics and its applications in optical communication are expected to create market growth opportunities.

    Laser Technology Market Growth Drivers

    Increasing Adoption of Laser Technology in the Electronics Sector

    The electronics sector is witnessing remarkable growth, driven by the widespread use of electronic components across various industries. There is a constant demand for devices that deliver high performance and reliability. Laser technology has emerged as a solution that offers precise and accurate processing while ensuring safety standards are met. As a result, the demand for laser technology is increasing in the electronics industry, where it is utilized in numerous applications such as optical disk drives, laser printers, barcode scanners, fiber optics, LCDs, and smartphones.

    Moreover, lasers play a crucial role in tasks like cutting, scribing, drilling, and ensuring precise component placement on PCBs and military electronics. As laser technology continues to gain traction in the electronics sector, many companies are collaborating to advance laser display technology. For instance, in March 2024, Hisense International Co., Ltd. (China) partnered with Xbox Game Studios (U.S.) to enhance home gaming and entertainment experiences with cutting-edge laser display technology. Such initiatives by major market players are expected to drive the growth of the laser technology market during the forecast period.

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    Transition Towards Micro and Nanodevices

    The demand for micro and nanodevices is on the rise across various sectors, including electronics, medicine, manufacturing, automotive, robotics, and military. In the electronics and semiconductors industries, nanotechnology plays a crucial role in enhancing displays, reducing power consumption, optimizing thickness, and boosting the storage capacity of memory chips while reducing their physical size, leading to the miniaturization of electronic devices.

    Laser technology is increasingly being adopted in micro and nanomanufacturing due to its versatility in addressing challenges related to various materials at a small scale. Techniques such as near-field laser fabrication, far-field laser interference lithography, and laser direct writing are utilized for nanofabrication, along with methods like stimulated-emission-induced depletion (STED) assisted laser fabrication, among others. Different laser techniques, including laser ablation, laser beam drilling & cutting, and high-power ultrashort pulsed laser radiation processes, enable precise structuring for micro and nano applications. These advantages contribute to a growing demand for laser technology in micro and nanodevice fabrication.

    Laser Technology Market Trends

    Rising Demand for Laser Technology in 3D Printing

    Laser-enabled 3D printing, also known as laser sintering, utilizes a laser source to selectively fuse powdered materials, enabling the creation of components and objects. This technology is gaining traction across various sectors, including aerospace, automotive, and medicine, due to its high precision capabilities. Laser-powered additive manufacturing enables businesses to produce components with complex geometries using a wide range of materials. Moreover, laser technology in 3D printing facilitates the creation of intricate designs while minimizing waste and material usage during production. It enhances manufacturing processes by achieving higher accuracy and stronger builds, thereby improving efficiency and flexibility.

    With the increasing adoption of laser technology in 3D printing, several companies are launching solutions to deliver stable and high-quality 3D printing using laser technology. For instance, in February 2022, Mitsubishi Electric Corporation (Japan) launched two models of the AZ600 wire-laser metal 3D printer. These printers utilize a laser beam to melt welding wire, resulting in high-quality 3D structures. Moreover, these printers reduce energy & resource consumption through shortened processing times and highly efficient production methods such as near-net-shape manufacturing and repair support. Such developments are expected to drive the growth of the laser technology market during the forecast period.

    Laser Technology Market Opportunity

    Utilization of Laser Technology in Robotics

    Laser technology finds extensive utilization in robotics, serving as a critical component in various robotic applications. As the demand for diverse types of robots continues to rise, lasers have become integral to their functionality. Robots are equipped with multiple sensors for object detection and obstacle avoidance. These sensors utilize laser beams to detect objects and calculate distances accurately. Robots can precisely determine their proximity to other objects or surfaces by emitting laser beams and employing image processing techniques.

    The robotics industry is experiencing significant growth, subsequently driving the growth of the laser technology market. Moreover, many companies are launching robotic solutions integrated with laser technology. For instance, in April 2024, Laserax Inc. (Canada) launched a new robotic cell to enhance the capabilities of its laser processes. The Laserax Robot Cell combines the precision of laser technology with the agility of robotics, enabling manufacturers to achieve complex processing angles on large parts. Thus, the increasing utilization of laser technology in robotics is expected to offer significant opportunities for the growth of this market.

    Laser Technology Market Analysis: Key Findings

    By Type: In 2024, the Solid-state Laser Segment to Dominate the Laser Technology Market

    Based on type, the laser technology market is segmented into solid-state laser, gas laser, semiconductor laser, and liquid laser. In 2024, the solid-state laser segment is expected to account for the largest share of over 45.1% of the laser technology market. The segment's large market share can be attributed to the increasing number of surgeries performed using solid-state laser technology, the rising utilization of solid-state lasers for micromaterial processing, and the growing adoption of YAG lasers for high-power applications.

    However, the semiconductor laser segment is expected to register the highest CAGR during the forecast period. This segment’s growth is driven by factors such as the increasing utilization of semiconductor lasers due to their higher reliability, compact size, low power consumption, and high efficiency, the rising adoption of semiconductor lasers in the healthcare sector for a wide range of applications, including cosmetic procedures, medical diagnosis, and therapies, and the rising demand for semiconductor lasers, particularly laser diodes such as Vertical-Cavity Surface-Emitting Lasers (VCSELs), in smartphones for sensing applications.

    By Application: In 2024, the Laser Processing Segment to Dominate the Laser Technology Market

    Based on application, the laser technology market is segmented into laser processing, optical communications, and other applications. In 2024, the laser processing segment is expected to account for the largest share of over 58.5% of the laser technology market. This segment’s large market share can be attributed to the advantages offered by laser processing over conventional processing technologies, the rising number of laser-based surgeries, and the growing demand for high-precision, flexibility, and quality during material processing.

    However, the optical communications segment is expected to register the highest CAGR during the forecast period. This segment’s growth is driven by factors such as the increasing demand for VCSELs for data transmission, driven by the proliferation of digital solutions requiring high-speed and efficient data transmission and the growing utilization of laser technology in hyperscale data centers to reduce power consumption and enable low-latency, high-performance computing capabilities.

    By End User: In 2024, the Industrial Segment to Dominate the Laser Technology Market

    Based on end user, the laser technology market is segmented into industrial, semiconductor & electronics, automotive, telecommunications, aerospace & defense, healthcare, commercial, and other end users. In 2024, the industrial segment is expected to account for the largest share of over 21.1% of the laser technology market. This segment’s large market share can be attributed to the increasing adoption of laser technology in industrial settings for achieving high accuracy in cutting, welding, and marking tasks. Additionally, laser technology enables non-contact processing, which reduces wear and tear on machinery and eliminates the need for physical tooling. Moreover, laser technology ensures consistent quality across production batches, thereby reducing defects and enhancing overall product quality.

    However, the healthcare segment is projected to register the highest CAGR during the forecast period. This segment’s growth is driven by factors such as the increasing adoption of lasers for a wide range of applications, including cosmetic procedures, medical diagnosis, and therapies, the rising utilization of laser technology for treating cutaneous malignancies and primary skin diseases, and the growing availability of cost-effective laser treatments.

    Geographical Analysis

    In 2024, Asia-Pacific to Dominate the Laser Technology Market

    In 2024, Asia-Pacific is expected to account for the largest share of over 46.5% of the laser technology market. Asia-Pacific’s significant market share can be attributed to the rising manufacturing activities in countries such as China, Japan, South Korea, and India, the large consumer electronics and automobile markets in China, and the proliferation of data centers, resulting in the substantial demand for fiber lasers.

    However, the market in North America is projected to register the highest CAGR of over 10.0% during the forecast period. The growth of this regional market is driven by factors such as the increasing utilization of laser technology in healthcare for procedures such as cosmetic surgeries, dermatology treatments, and ophthalmology; the rising integration of laser technology across manufacturing, automotive, and aerospace sectors to enhance processing capabilities and precision; and the increasing adoption of laser technology within the defense sector, particularly in applications like laser weaponry, energy systems, and defense equipment.

    Laser Technology Market: Key Companies

    The report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios and geographic presence and the key growth strategies adopted by them over the past 3–4 years. Some of the key players operating in the laser technology market are Coherent, Inc. (U.S.), IPG Photonics Corporation (U.S.), TRUMPF GmbH + Co. KG (Germany), Lumentum Holdings Inc. (U.S.), Jenoptik AG (Germany), Novanta Inc. (U.S.), LUMIBIRD Group (France), LaserStar Technologies Corporation (U.S.), Epilog Laser (U.S.), Han's Laser Technology Industry Group Co., Ltd. (China), MKS Instruments, Inc. (U.S.), Gravotech Marking (France), Corning Incorporated (U.S.), Eurolaser GmbH (Germany), and Bystronic Laser AG (Switzerland).

    Laser Technology Industry Overview: Latest Developments from Key Industry Players

    • In February 2024, BIOLASE, Inc. (U.S.) launched its state-of-the-art all-tissue laser system, namely, Waterlase iPlus Premier Edition. This innovative approach provides clinicians with customized packages of procedures designed to ensure that practitioners invest in the capabilities they need today while allowing easily added features as the clinician expands their practice.

    • In January 2024, Iridex Corporation (U.S.) launched two new next-generation platform lasers such as Iridex 532 nm and Iridex 577 nm to the U.S. market. Iridex’s patented technology is a laser delivery modality designed to add fine control of photothermal effects in laser photocoagulation by allowing the tissue to cool between laser pulses, minimizing or preventing potential tissue damage.

    • In February 2023, Rhein Laser Technologies Ltd. (China) launched UroFiber 150Q, which is the first 150W SuperPulsed thulium fiber laser (TFL) system, an innovative fiber laser technology for treating both stone lithotripsy and BPH enucleation.

    Laser Technology Market Research Summary

    Particulars

    Details

    Number of Pages

    230

    Format

    PDF

    Forecast Period

    2024–2031

    Base Year

    2023

    CAGR (Value)

    10.6%

    Market Size (Value)

    USD 32.8 Billion by 2031

    Segments Covered

    By Type

    • Solid-state Laser      
      • Fiber Laser
      • Yttrium Aluminum Garnet (YAG) Laser
      • Thin-disk Laser
      • Ruby Laser
    • Gas Laser
      • Co2 Laser
      • Excimer Laser
      • He-Ne Laser
      • Argon Laser
      • Chemical Laser
    • Semiconductor Laser
    • Liquid Laser

    By Application

    • Laser Processing
      • Macroprocessing
        • Cutting
        • Welding
        • Drilling
      • Microprocessing
      • Marking and Engraving
    • Optical Communications
    • Other Applications

    By End User

    • Industrial
    • Semiconductor & Electronics
    • Automotive
    • Telecommunications
    • Aerospace & Defense
    • Healthcare
    • Commercial
    • Other End Users

    Countries Covered

    North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Netherlands, Spain, Sweden, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia & New Zealand, Indonesia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, UAE, Israel, and Rest of the Middle East & Africa)

    Key Companies

    Coherent, Inc. (U.S.), IPG Photonics Corporation (U.S.), TRUMPF GmbH + Co. KG (Germany), Lumentum Holdings Inc. (U.S.), Jenoptik AG (Germany), Novanta Inc. (U.S.), LUMIBIRD Group (France), LaserStar Technologies Corporation (U.S.), Epilog Laser (U.S.), Han's Laser Technology Industry Group Co., Ltd. (China), MKS Instruments, Inc. (U.S.), Gravotech Marking (France), Corning Incorporated (U.S.), Eurolaser GmbH (Germany), and Bystronic Laser AG (Switzerland).

    Key questions answered in the laser technology market report:

    This study focuses on market assessment and opportunity analysis by analyzing the sales of laser technology across various regions and countries. This study also offers a competitive analysis of the laser technology market based on an extensive assessment of the leading players' product portfolios, geographic presence, and key growth strategies.

    The laser technology market is projected to reach $32.8 billion by 2031, at a CAGR of 10.6% from 2024 to 2031.

    In 2024, the solid-state laser segment is expected to account for the largest share of over 45.1% of the laser technology market. This segment's large market share can be attributed to the increasing number of surgeries performed using solid-state laser technology, the rising utilization of solid-state lasers for micromaterial processing, and the growing adoption of YAG lasers for high-power applications.

    The optical communications segment is expected to register the highest CAGR during the forecast period. This segment’s growth is driven by factors such as the increasing demand for VCSELs for data transmission, driven by the proliferation of digital solutions requiring high-speed and efficient data transmission and the growing utilization of laser technology in hyperscale data centers to reduce power consumption and enable low-latency, high-performance computing capabilities.

    The growth of the laser technology market is driven by the increasing adoption of laser technology in the electronics industry, the transition towards micro and nanodevices, and the preference for laser-based material processing over traditional material processing methods. Furthermore, the utilization of laser technology in robotics and its applications in optical communication are expected to create market growth opportunities.

    The key players operating in the laser technology market are Coherent, Inc. (U.S.), IPG Photonics Corporation (U.S.), TRUMPF GmbH + Co. KG (Germany), Lumentum Holdings Inc. (U.S.), Jenoptik AG (Germany), Novanta Inc. (U.S.), LUMIBIRD Group (France), LaserStar Technologies Corporation (U.S.), Epilog Laser (U.S.), Han's Laser Technology Industry Group Co., Ltd. (China), MKS Instruments, Inc. (U.S.), Gravotech Marking (France), Corning Incorporated (U.S.), Eurolaser GmbH (Germany), and Bystronic Laser AG (Switzerland).

    North America is projected to register the highest CAGR of over 10.0% during the forecast period and offer significant growth opportunities for vendors operating in this market.

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    Related Tag: Laser Technology Market Solid-state Laser Gas Laser Semiconductor Laser Liquid Laser Laser Processing Marking and Engraving Optical Communications Industrial Semiconductor & Electronics Healthcare and Telecommunications
    Miscellaneous / Others
    Semiconductor and Electronics

    1.    Introduction
           1.1.    Market Definition & Scope
           1.2.    Currency & Limitations
                     1.2.1.    Currency
                     1.2.2.    Limitations
    2.    Research Methodology
           2.1.    Research Approach
           2.2.    Process of Data Collection and Validation
                     2.2.1.    Secondary Research
                     2.2.2.    Primary Research /Interviews with Key Opinion Leaders of the Industry
           2.3.    Market Sizing and Forecast
                     2.3.1.    Market Size Estimation Approach
                     2.3.2.    Growth Forecast Approach
           2.4.    Assumptions for the Study
    3.    Executive Summary
           3.1.    Market Overview
           3.2.    Market Analysis, by Type
           3.3.    Market Analysis, by Application
           3.4.    Market Analysis, by End User
           3.5.    Market Analysis, by Geography
           3.6.    Competitive Analysis
    4.    Market Insights
           4.1.    Overview
           4.2.    Factors Affecting Market Growth
                     4.2.1.    Drivers    
                                  4.2.1.1.    Increasing Adoption of Laser Technology in the Electronics Sector
                                  4.2.1.2.    Transition Towards Micro and Nanodevices
                                  4.2.1.3.    Rising Preference for Laser-based Material Processing Over Traditional Material Processing Methods
                     4.2.2.    Restraints
                                  4.2.2.1.    High Cost of Laser Technology
                     4.2.3.    Opportunities
                                  4.2.3.1.    Utilization of Laser Technology in Robotics
                                  4.2.3.2.    Applications of Laser in Optical Communication
                     4.2.4.    Challenges
                                  4.2.4.1.    Technical Complexity Involved in High-power Lasers
           4.3.    Key Trends
                     4.3.1.    Rising Demand for Laser Technology in 3D Printing
           4.4.    Value Chain Analysis
    5.    Laser Technology Market Assessment—by Type
           5.1.    Overview    
           5.2.    Solid-state Laser
                     5.2.1.    Fiber Laser
                     5.2.2.    Yttrium Aluminum Garnet (YAG) Laser
                     5.2.3.    Thin-disk Laser
                     5.2.4.    Ruby Laser
           5.3.    Gas Laser
                     5.3.1.    Co2 Laser
                     5.3.2.    Excimer Laser
                     5.3.3.    He-Ne Laser
                     5.3.4.    Argon Laser
                     5.3.5.    Chemical Laser
           5.4.    Semiconductor Laser
           5.5.    Liquid Laser
    6.    Laser Technology Market Assessment—by Application
           6.1.    Overview
           6.2.    Laser Processing
                     6.2.1.    Macroprocessing
                                  6.2.1.1.    Cutting
                                  6.2.1.2.    Welding
                                  6.2.1.3.    Drilling
                     6.2.2.    Microprocessing
                     6.2.3.    Marking and Engraving
           6.3.    Optical Communications
           6.4.    Other Applications
    7.    Laser Technology Market Assessment—by End User
           7.1.    Overview
           7.2.    Industrial
           7.3.    Semiconductor & Electronics
           7.4.    Automotive
           7.5.    Telecommunications
           7.6.    Aerospace & Defense
           7.7.    Healthcare
           7.8.    Commercial 
           7.9.    Other End Users
    8.    Laser Technology Assessment—by Geography
           8.1.    North America
                     8.1.1.    U.S.
                     8.1.2.    Canada
           8.2.    Europe
                     8.2.1.    Germany
                     8.2.2.    U.K.
                     8.2.3.    France
                     8.2.4.    Italy
                     8.2.5.    Netherlands
                     8.2.6.    Spain
                     8.2.7.    Sweden
                     8.2.8.    Rest of Europe
           8.3.    Asia-Pacific
                     8.3.1.    Japan
                     8.3.2.    China
                     8.3.3.    India
                     8.3.4.    South Korea
                     8.3.5.    Singapore
                     8.3.6.    Australia & New Zealand
                     8.3.7.    Indonesia
                     8.3.8.    Rest of Asia-Pacific
           8.4.    Latin America
                     8.4.1    Mexico
                     8.4.2.    Brazil
                     8.4.3.    Rest of Latin America
           8.5.    Middle East & Africa
                     8.5.1.    UAE
                     8.5.2.    Saudi Arabia
                     8.5.3.    Israel
                     8.5.4.    Rest of Middle East & Africa
    9.    Competition Analysis
           9.1.    Overview
           9.2.    Key Growth Strategies
           9.3.    Competitive Benchmarking
           9.4.    Competitive Dashboard
                     9.4.1.    Industry Leaders
                     9.4.2.    Market Differentiators
                     9.4.3.    Vanguards
                     9.4.4.    Emerging Companies
           9.5.    Market Share Analysis, by Key Players
    10.    Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Development, and SWOT Analysis)
             10.1.    Coherent, Inc.
             10.2.    TRUMPF GmbH + Co. KG
             10.3.    IPG Photonics Corporation
             10.4.    Han's Laser Technology Industry Group Co., Ltd.
             10.5.    Lumentum Holdings Inc.
             10.6.    Jenoptik AG
             10.7.    Novanta Inc.
             10.8.    LUMIBIRD Group
             10.9.    LaserStar Technologies Corporation
             10.10.    Epilog Laser
             10.11.    MKS Instruments, Inc.
             10.12.    Gravotech Marking
             10.13.    Corning Incorporated
             10.14.    eurolaser GmbH
             10.15.    Bystronic Laser AG
                           (Note: SWOT Analysis Will Be Provided for the Top 5 Companies)
    11.    Appendix
             11.1.    Available Customization
             11.2.    Related Reports

    List of Tables
    Table 1        Currency Conversion Rate (2018–2022)
    Table 2        Global Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 3        Global Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 4        Global Solid-state Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 5        Global Fiber Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 6        Global Yttrium Aluminum Garnet (YAG) Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 7        Global Thin-disk Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 8        Global Ruby Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 9        Global Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 10        Global Gas Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 11        Global Co2 Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 12        Global Excimer Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 13        Global He-Ne Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 14        Global Argon Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 15        Global Chemical Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 16        Global Semiconductor Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 17        Global Liquid Laser Market, by Country/Region, 2022–2031 (USD Million)
    Table 18        Global Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 19        Global Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 20        Global Laser Technology Market for Laser Processing, by Country/Region, 2022–2031 (USD Million)
    Table 21        Global Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 22        Global Laser Technology Market for Macroprocessing, by Country/Region, 2022–2031 (USD Million)
    Table 23        Global Laser Technology Market for Cutting, by Country/Region, 2022–2031 (USD Million)
    Table 24        Global Laser Technology Market for Welding, by Country/Region, 2022–2031 (USD Million)
    Table 25        Global Laser Technology Market for Drilling, by Country/Region, 2022–2031 (USD Million)
    Table 26        Global Laser Technology Market for Microprocessing, by Country/Region, 2022–2031 (USD Million)
    Table 27        Global Laser Technology Market for Marking and Engraving, by Country/Region, 2022–2031 (USD Million)
    Table 28        Global Laser Technology Market for Optical Communications, by Country/Region, 2022–2031 (USD Million)
    Table 29        Global Laser Technology Market for Other Applications, by Country/Region, 2022–2031 (USD Million)
    Table 30        Global Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 31        Global Laser Technology Market for Industrial, by Country/Region, 2022–2031 (USD Million)
    Table 32        Global Laser Technology Market for Semiconductor & Electronics, by Country/Region, 2022–2031 (USD Million)
    Table 33        Global Laser Technology Market for Automotive, by Country/Region, 2022–2031 (USD Million)
    Table 34        Global Laser Technology Market for Telecommunications, by Country/Region, 2022–2031 (USD Million)
    Table 35        Global Laser Technology Market for Aerospace & Defense, by Country/Region, 2022–2031 (USD Million)
    Table 36        Global Laser Technology Market for Healthcare, by Country/Region, 2022–2031 (USD Million)
    Table 37        Global Laser Technology Market for Commercial, by Country/Region, 2022–2031 (USD Million)
    Table 38        Global Laser Technology Market for Other End Users, by Country/Region, 2022–2031 (USD Million)
    Table 39        Global Laser Technology Market, by Country/Region, 2022–2031 (USD Million)
    Table 40        North America: Laser Technology Market, by Country, 2022–2031 (USD Million)
    Table 41        North America: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 42        North America: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 43        North America: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 44        North America: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 45        North America: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 46        North America: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 47        North America: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 48        U.S.: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 49        U.S.: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 50        U.S.: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 51        U.S.: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 52        U.S.: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 53        U.S.: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 54        U.S.: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 55        Canada: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 56        Canada: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 57        Canada: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 58        Canada: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 59        Canada: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 60        Canada: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 61        Canada: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 62        Europe: Laser Technology Market, by Country/Region, 2022–2031 (USD Million)
    Table 63        Europe: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 64        Europe: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 65        Europe: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 66        Europe: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 67        Europe: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 68        Europe: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 69        Europe: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 70        Germany: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 71        Germany: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 72        Germany: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 73        Germany: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 74        Germany: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 75        Germany: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 76        Germany: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 77        U.K.: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 78        U.K.: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 79        U.K.: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 80        U.K.: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 81        U.K.: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 82        U.K.: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 83        U.K.: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 84        France: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 85        France: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 86        France: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 87        France: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 88        France: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 89        France: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 90        France: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 91        Italy: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 92        Italy: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 93        Italy: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 94        Italy: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 95        Italy: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 96        Italy: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 97        Italy: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 98        Spain: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 99        Spain: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 100    Spain: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 101    Spain: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 102    Spain: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 103    Spain: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 104    Spain: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 105    Netherlands: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 106    Netherlands: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 107    Netherlands: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 108    Netherlands: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 109    Netherlands: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 110    Netherlands: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 111    Netherlands: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 112    Sweden: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 113    Sweden: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 114    Sweden: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 115    Sweden: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 116    Sweden: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 117    Sweden: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 118    Sweden: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 119    Rest of Europe: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 120    Rest of Europe: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 121    Rest of Europe: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 122    Rest of Europe: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 123    Rest of Europe: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 124    Rest of Europe: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 125    Rest of Europe: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 126    Asia-Pacific: Laser Technology Market, by Country/Region, 2022–2031 (USD Million)
    Table 127    Asia-Pacific: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 128    Asia-Pacific: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 129    Asia-Pacific: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 130    Asia-Pacific: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 131    Asia-Pacific: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 132    Asia-Pacific: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 133    Asia-Pacific: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 134    China: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 135    China: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 136    China: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 137    China: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 138    China: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 139    China: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 140    China: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 141    Japan: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 142    Japan: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 143    Japan: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 144    Japan: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 145    Japan: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 146    Japan: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 147    Japan: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 148    India: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 149    India: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 150    India: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 151    India: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 152    India: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 153    India: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 154    India: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 155    South Korea: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 156    South Korea: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 157    South Korea: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 158    South Korea: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 159    South Korea: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 160    South Korea: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 161    South Korea: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 162    Singapore: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 163    Singapore: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 164    Singapore: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 165    Singapore: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 166    Singapore: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 167    Singapore: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 168    Singapore: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 169    Australia & New Zealand: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 170    Australia & New Zealand: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 171    Australia & New Zealand: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 172    Australia & New Zealand: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 173    Australia & New Zealand: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 174    Australia & New Zealand: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 175    Australia & New Zealand: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 176    Indonesia: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 177    Indonesia: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 178    Indonesia: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 179    Indonesia: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 180    Indonesia: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 181    Indonesia: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 182    Indonesia: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 183    Rest of Asia-Pacific: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 184    Rest of Asia-Pacific: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 185    Rest of Asia-Pacific: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 186    Rest of Asia-Pacific: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 187    Rest of Asia-Pacific: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 188    Rest of Asia-Pacific: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 189    Rest of Asia-Pacific: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 190    Latin America: Laser Technology Market, by Country/Region, 2022–2031 (USD Million)
    Table 191    Latin America: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 192    Latin America: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 193    Latin America: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 194    Latin America: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 195    Latin America: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 196    Latin America: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 197    Latin America: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 198    Mexico: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 199    Mexico: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 200    Mexico: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 201    Mexico: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 202    Mexico: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 203    Mexico: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 204    Mexico: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 205    Brazil: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 206    Brazil: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 207    Brazil: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 208    Brazil: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 209    Brazil: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 210    Brazil: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 211    Brazil: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 212    Rest of Latin America: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 213    Rest of Latin America: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 214    Rest of Latin America: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 215    Rest of Latin America: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 216    Rest of Latin America: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 217    Rest of Latin America: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 218    Rest of Latin America: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 219    Middle East & Africa: Laser Technology Market, by Country/Region, 2022–2031 (USD Million)
    Table 220    Middle East & Africa: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 221    Middle East & Africa: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 222    Middle East & Africa: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 223    Middle East & Africa: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 224    Middle East & Africa: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 225    Middle East & Africa: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 226    Middle East & Africa: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 227    UAE: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 228    UAE: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 229    UAE: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 230    UAE: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 231    UAE: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 232    UAE: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 233    UAE: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 234    Saudi Arabia: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 235    Saudi Arabia: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 236    Saudi Arabia: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 237    Saudi Arabia: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 238    Saudi Arabia: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 239    Saudi Arabia: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 240    Saudi Arabia: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 241    Israel: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 242    Israel: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 243    Israel: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 244    Israel: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 245    Israel: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 246    Israel: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 247    Israel: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 248    Rest of Middle East & Africa: Laser Technology Market, by Type, 2022–2031 (USD Million)
    Table 249    Rest of Middle East & Africa: Solid-state Laser Market, by Type, 2022–2031 (USD Million)
    Table 250    Rest of Middle East & Africa: Gas Laser Market, by Type, 2022–2031 (USD Million)
    Table 251    Rest of Middle East & Africa: Laser Technology Market, by Application, 2022–2031 (USD Million)
    Table 252    Rest of Middle East & Africa: Laser Technology Market for Laser Processing, by Type, 2022–2031 (USD Million)
    Table 253    Rest of Middle East & Africa: Laser Technology Market for Macroprocessing, by Type, 2022–2031 (USD Million)
    Table 254    Rest of Middle East & Africa: Laser Technology Market, by End User, 2022–2031 (USD Million)
    Table 255    Recent Developments by Major Market Players (2021–2024)
    Table 256    Market Share Analysis, by Key Players

    List of Figures
    Figure 1        Market Ecosystem
    Figure 2        Key Stakeholders
    Figure 3        Research Process
    Figure 4        Key Secondary Sources
    Figure 5        Primary Research Techniques
    Figure 6        Key Executives Interviewed
    Figure 7        Breakdown Of Primary Interviews (Supply-Side & Demand-Side)
    Figure 8        Market Sizing And Growth Forecast Approach
    Figure 9        Key Insights
    Figure 10    In 2024, the Solid-state Laser Segment is Expected to Dominate The Global Laser Technology Market
    Figure 11    In 2024, the Laser Processing Segment is Expected to Dominate The Global Laser Technology Market
    Figure 12    In 2024, the Industrial Segment is Expected to Dominate The Global Laser Technology Market
    Figure 13    Global Laser Technology Market, by Region (2024 Vs. 2031)
    Figure 14    Impact Analysis Of Market Dynamics
    Figure 15    Global Laser Technology Market, by Type, 2024 Vs. 2031 (USD Million)
    Figure 16    Global Laser Technology Market, by Application, 2024 Vs. 2031 (USD Million)
    Figure 17    Global Laser Technology Market, by End User, 2024 Vs. 2031 (USD Million)
    Figure 18    Global Laser Technology Market, by Geography, 2024 Vs. 2031 (USD Million)
    Figure 19    Geographic Snapshot: Laser Technology Market In North America
    Figure 20    Geographic Snapshot: Laser Technology Market In Europe
    Figure 21    Geographic Snapshot: Laser Technology Market In Asia-Pacific
    Figure 22    Geographic Snapshot: Laser Technology Market In Latin America
    Figure 23    Geographic Snapshot: Laser Technology Market In Middle East & Africa
    Figure 24    Growth Strategies Adopted by Leading Market Player (2021–2024)
    Figure 25    Competitive Benchmarking Analysis (2021–2024)
    Figure 26    Competitive Dashboard: Laser Technology Market
    Figure 27    Coherent, Inc.: Financial Overview (2022)
    Figure 28    TRUMPF GmbH + Co. KG: Financial Overview (2022)
    Figure 29    IPG Photonics Corporation: Financial Overview (2022)
    Figure 30    Han's Laser Technology Industry Group Co., Ltd.: Financial Overview (2022)
    Figure 31    Lumentum Holdings Inc.: Financial Overview (2022)
    Figure 32    Jenoptik AG: Financial Overview (2022)
    Figure 33    Novanta Inc.: Financial Overview (2022)
    Figure 34    LUMIBIRD Group: Financial Overview (2022)
    Figure 35     MKS Instruments, Inc.: Financial Overview (2022)
    Figure 36    Corning Incorporated: Financial Overview (2022)
    Figure 37    Bystronic Laser AG: Financial Overview (2022)

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    Author Name:

    Aniket Hade, Rajdeep Bhawal

    Related Tag: Laser Technology Market Solid-state Laser Gas Laser Semiconductor Laser Liquid Laser Laser Processing Marking and Engraving Optical Communications Industrial Semiconductor & Electronics Healthcare and Telecommunications
    Miscellaneous / Others
    Semiconductor and Electronics
     
     
     
     

    The Laser Technology Market is expected to reach a value of $32.8 billion by 2031, at a CAGR of 10.6% during the forecast period 2024–2031. The laser technology market is driven by factors such as the rise in adoption of laser technology in the electronics sector and medical applications, shift towards micro and nanodevices, and most importantly, increase in demand for laser-based material processing over traditional processing. Laser processing offers high-quality products, high efficiency, high flexibility, high speed, low cost, and many advantages, which increase the adoption of laser technology by the industries. There has been a high demand for lasers from industries such as electronics, healthcare, manufacturing, automotive, among others. Also, increasing government initiatives is contributing to the growth of the laser technology market. The growing adoption of different laser technologies in optical communication and robotics is offering significant growth opportunities for various companies operating in this market. However, the high initial cost of laser processing is hampering the growth of this market.

    Here are the top 10 companies operating in the Laser Technology Market 

    Coherent, Inc.

    Founded in 1966 and headquartered in California, U.S., Coherent, Inc. provides laser solutions and optics for microelectronics, life sciences, industrial manufacturing, and scientific markets. The company has two reportable segments: OEM laser sources (OLS) and industrial lasers & systems (ILS). The OLS business segment aims at high performance laser sources and complex optical sub-systems, which are used in microelectronics manufacturing, therapeutic applications, medical applications, and research. The ILS business segment focuses on high performance laser sources, sub-systems, and tools which are used in industrial laser materials processing in industries such as automotive, machine tools, consumer goods, and medical device manufacturing.

    The company has its geographical presence in the U.S., South Korea, China, Japan, Asia-Pacific, Germany, and Europe. The company has several subsidiaries such as Nufern (U.S.), Coherent Italia (Italy), Ondax, Inc. (U.S.), Coherent DEOS, LLC (U.S.), O.R. Lasertechnologie GmbH (Germany), among others.

    TRUMPF GmbH + Co. KG

    Founded in 1923 and headquartered in Ditzingen, Germany, TRUMPF GmbH + Co. KG provides manufacturing solutions for machine tools, laser technology, and electronics. The company offers sensor solutions, sensor ICs, interfaces, and related software for mobile, consumer, communications, industrial, medical, and automotive markets. The company has production facilities in Europe (Austria, the Czech Republic, France, Germany, Italy, Poland, Switzerland, and the U.K.), the Americas (Mexico and the U.S.), and Asia-Pacific (China).

    The company operates through two business segments: Machine Tools and Laser Technology. The company has 76 subsidiaries that operate in Europe, the Americas, and Asia-Pacific. Some of its subsidiaries are SPI Lasers Ltd (U.K.), XETICS GmbH (Germany), AMPHOS GmbH (Germany), and EHT Werkzeugmaschinen GmbH (Germany).

    IPG Photonics Corporation

    Founded in 1990 and headquartered in Massachusetts, U.S., IPG Photonics Corporation is a developer and manufacturer of high-performance fiber lasers and amplifiers for various applications. Products of this company are used in materials processing, communications, entertainment, medical and biotechnology, scientific and advanced applications. The company operates in one business segment, which includes design, development, production, and distribution of fiber lasers, laser and non-laser systems, fiber amplifiers, and related optical components

    The company has its geographical presence in North America, Europe, Asia, and Australia. The company has several subsidiaries such as IPG Laser GmbH (Germany), NTO IRE-Polus (Russia), IPG (Beijing) Fiber Laser Technology Co., Ltd. (China), IPG Photonics Ltd. (U.K.), IPG Photonics (Korea) Ltd. (South Korea), among others.

    Han’s Laser Technology Industry Group Co., Ltd.

    Founded in 1996 and headquartered in Shenzhen, China. Han’s Laser Technology Industry Group Co., Ltd. is a leading laser equipment manufacturer. The company has more than 200 machine models such as Laser Marking Series, Laser Welding Series, Laser Cutting Series, Sub-Surface Engraving Series, Laser Display Series, among others. Also, the company’s R&D team has more than 300 patents and several software copyrights. The company’s products are used in several industries such as electronics and semiconductors, mechanical hardware, new energy, packaging industry, brittle material industry, auto industry, sheet metal, among others.

    Lumentum Holdings Inc.

    Founded in 2015 and headquartered in California, U.S., Lumentum Holdings Inc. is a manufacturer of innovative optical and photonic products for optical networking and commercial laser clients globally. The company operates through two reportable business segments, OpComms, and Lasers. The OpComms business segment caters to the telecom, datacom, consumer, and industrial markets. The company’s customers include Alphabet, Apple, Ciena, Cisco Systems, Huawei Technologies, Infinera, Innolight, Nokia Networks, O-Net, and ZTE. The Lasers segment offers products for sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining applications such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. Lasers segment’s customers include Amada, ASML Holding, Beckman Coulter, DISCO, Electro Scientific Industries, Han’s Laser Technology, KLA-Tencor, Lasertec, Life Technologies, and NR Electric.

    The company has a geographical presence in the Americas, Asia-Pacific, and EMEA. The subsidiaries of the company include Oclaro Inc. (U.S.), Lumentum K.K (Japan), and Lumentum Netherlands B.V. (Netherlands). As of June 2020, Lumentum Holdings Inc. had approximately 5,473 full-time employees globally. The company has 966 U.S. patents and 807 foreign patents with expiration dates ranging from July 2020 to June 2039.


    Jenoptik AG

    Founded in 1991 and headquartered in Jena, Germany. Jenoptik AG is Germany based, and it has three photonics-based divisions. The company operates in four business segments: Light & Optics, Light & Production, Light & Safety, and VINCORION. The Light & Optics segment provides OEM suppliers for solutions and photonic technologies products. The Light & Production segment provides optimization of manufacturing processes. The Light & Safety segment offers innovative solutions for road safety and public security. The company provides top-level functions for IT, human resources, purchasing, security, work, and health protection, environmental protection, and real estate management.

    The company has a geographical presence in Germany, Europe, the Americas, Asia-Pacific, and the Middle East/Africa. Some of its subsidiaries are TRIOPTICS GmbH (Germany), VINCORION (Germany), Prodomax Automation Ltd. (U.S.), and JENOPTIK Optical Systems, LLC (U.S.).

    Novanta Inc.

    Founded in 1968 and headquartered in Massachusetts, U.S., Novanta Inc. provides core components and subsystems to medical and advanced industrial OEMs with expertise in photonics, vision, and precision motion technologies. The company has three reportable business segments: Photonics, Vision, and Precision Motion. Novanta Inc. has several business companies, and laser products fall under Laser Quantum Company, which is a laser manufacturer that provides solid state continuous wave lasers, ultrafast lasers, and optical light engines.

    The company has a geographical presence in the United States, Germany, Rest of Europe, China, and Rest of Asia-Pacific. Some of its subsidiaries are Novanta Corporation (U.S.), Celera Motion (U.S.), ARGES (U.S.), Novanta Europe GmbH (Europe), Jadak (U.S.).

    LUMIBIRD Group

    Founded in 1970 and headquartered in Lannion, France. LUMIBIRD Group manufactures high performance lasers for laboratories and universities; manufacturing, defense, LiDAR sensors industries; and ophthalmology. This company is specialized in solid-state lasers, laser diodes, and fiber lasers. The company has two different divisions: Photonics Division and Medical Division. Photonics Division includes Quantel, Keopsys, SensUp, and Halo Photonics. Medical Division includes Lumibird Medical. The company’s application areas are industrial & scientific, defense & space, and LiDAR sensors.

    Corning Incorporated

    Founded in 1851 and headquartered in Massachusetts, U.S., Corning Incorporated is specialized in glass science, ceramics science, and optical physics; it also manufactures and develops innovative products. The company operates in five business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The company provides products for several markets such as optical communications, mobile consumer electronics, display, automotive, life sciences, and other markets.

    The company has a geographical presence in North America, Asia-Pacific, and Europe. Some of its subsidiaries are Axygen, Inc. (U.S.), Mediatech, Inc. (U.S.), Corning Gilbert Inc. (U.S.), SpiderCloud Wireless (U.S.), Corning HTL S.A. (Europe), Alliance Fiber Optic Products, Inc. (U.S.).

    MKS Instruments, Inc.

    Founded in 1961 and headquartered in Massachusetts, U.S., MKS Instruments, Inc. develops solutions for technological innovations, innovations for industries such as semiconductor, industrial, life and health sciences, research, and defense. The company operates in three reportable segments: Vacuum & Analysis, Light & Motion, and Equipment & Solutions. Laser comes under the Light & Motion and Equipment & Solutions segments of the company. There are several leading brands of the company, and laser products are provided by the Spectra-Physics brand of the company.

    The company has a geographical presence in U.S., South Korea, China, Other Asia, and Europe. Some of its subsidiaries are Newport Corporation. (U.S.), MKS Instruments UK Ltd. (U.K.), Electro Scientific Industries (U.S.), Ophir Optronics Solutions LTD. (Israel), MKS Korea Co., Ltd. (South Korea).

    Popular Mentions: LaserStar Technologies Corporation, Epilog Laser, Gravotech Marking, Eurolaser GmbH, and Bystronic Laser AG

     

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