Revenues for the global laser market reached nearly $2.4 billion in 2012 and are expected to reach nearly $2.6 billion in 2013. The market is expected to rise at a compound annual growth rate (CAGR) of 5.8% between 2013 and 2018 and reach $3.4 billion by 2018.
This report provides:
- An overview of the global market for lasers used in industrial applications.
- Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
- A breakdown of application segments, including medical, precision cutting, continuous and spot welding, cladding, drilling, bending, engraving, sintering, soldering, laser scribing, optical pumping, test and measurement, remote sensing, coherent laser radar, interferometry, materials channelization, and photonic doppler velocitemetry.
- A separate examination of the surrounding equipment market, including hardware, software, optical fiber cable, and chillers.
- Comprehensive company profiles of major players in the industry.
REVENUE FOR LASER MARKET, 2012-2018
Source: BCC Research
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STUDY GOALS AND OBJECTIVES
The study goals and objectives are as follows:
- To provide the reader with a better understanding of the industrial laser market: past, present and future.
- To ensure the reader understands the benefits and deficiencies of each of the lasers included. The lasers included are carbon dioxide, Nd:YAG, fiber, disc and direct diode.
- To understand the growth trajectories of each of these lasers for industrial applications.
- To understand the industrial applications for which these lasers are used including welding, cutting, sintering, marking, and additive manufacturing, among others, and the industries (e.g., automotive, factory, airplane) in which they are used.
- To provide the reader with an understanding of the safety concerns for each of these lasers.
REASONS FOR DOING THE STUDY
The industrial laser market is highly interesting, growing rapidly, and often technology-driven.
While the carbon dioxide and neodymium YAG lasers have been used for industrial applications for some years, the fiber, disk and diode lasers are just coming into their own, with most of their market opportunity ahead of them.
The market for industrial lasers is in a strong-growth mode. This is because industrial lasers are replacing other, older industrial tools at a noteworthy rate. It is both interesting and exciting to see the footprint of the industrial laser, and how it is changing traditional business practices.
While there has been much anecdotal information about the market for industrial lasers, we believe a comprehensive report on the various aspects of this topic will shed light on where it is going.
SCOPE OF REPORT
The laser is a fascinating tool that has had its impact on many markets, including consumer, medical, scientific, communications, and industrial, among others.
The scope of this report is the industrial market; how lasers are used to allow us to better manufacture products through such processes as welding, sintering, cutting, and marking.
Lasers help businesses perform better by providing labor–saving tools that operate more efficiently and precisely than more traditional methods.
In today’s age of green technology, lasers can help us use power more efficiently and safely. The following lasers are discussed in detail in this report:
- Carbon Dioxide.
- Fiber Laser.
- Direct Diode.
The audience is any individual or organization that stands to gain by the growth of this industry. The audience includes the manufacturers of the lasers themselves; those involved in the supporting infrastructure that provides the components for the laser; those integrators that provide the gear that surrounds the laser in a system; customers or would-be customers who want to better understand how industrial lasers can improve their workplace; and analysts interested in investing in growth sectors.
The report is derived from information provided by knowledgeable sources in the market, including those who work at the companies making lasers and systems, as well as customers using the equipment. Secondary sources such as published works also were used extensively.
The author, C. David Chaffee, has been a writer and analyst in the photonics industry for 31 years. He has written innumerable articles on photonics, markets for photonics, and the technologies they deploy.
Mr. Chaffee has written two books on fiber optics: The Rewiring of America: The Fiber Optics Revolution (Academic Press) and Building the Global Fiber Optic Superhighway (Harcourt Brace Jovanovich).
He wrote the first newsletter in fiber optics entitled Fiber Optics News, as well as more than 25 market research reports in the photonics area for companies including CIR Research, Laurin Publishing, Phillips Publishing and Chaffee Fiber Optics.
Companies he has worked for include Brimrose Corporation, LightCounting, OSA (the Optical Society) and Photonics Spectra Magazine.
He also formerly worked at Ciena Corporation, a photonics and high tech company, as Corporate Editor, responsible for all written communication coming from the company.
He has a master’s degree in journalism from the University of Maryland at College Park and has worked at the National Institute of Standards and Technology.
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The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal or accounting advice, nor should it serve as a corporate policy guide, laboratory manual or an endorsement of any product, as much of the information is of a speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or from its use.
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