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Report Highlights
The global market for laser systems, components and materials is expected to grow from $21.0 billion in 2024 to reach $30.4 billion by the end of 2029, at a compound annual growth rate (CAGR) of 7.7% from 2024 through 2029.
Report Includes
- 63 data tables and 52 additional tables
- Analyses of global market trends for laser systems, components and materials, with market revenue data for 2023, estimates for 2024, and forecasts for 2025 and 2027, and projected CAGRs through 2029
- Size and growth forecasts for the global market, and a corresponding market share analysis by laser type, application, end use, and region
- Facts and figures pertaining to current trends, market dynamics, technological advances, regulations and standards, and the impact of macroeconomic factors
- Insights derived from the Porter’s Five Forces model, as well as global value/supply chain analyses, and case studies
- Review of emerging trends and technologies, and new developments in the laser market
- Evaluation of recent patent activity and key granted and published patents
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Profiles of leading companies, including TRUMPF, IPG Photonics Corp., Coherent Corp., Han’s Laser Technology Industry Group Co. Ltd., and Lumentum Operations LLC.
Report Scope
This report provides a comprehensive overview of the global market for laser systems, components, and materials and a detailed analysis of the market players’ products and key initiatives. Using 2023 as the base year, the report provides estimated market data for 2024, and the market values are forecast from 2024 through 2029. It also includes details about the different applications and end-use verticals for laser technology. Projected revenue values are in constant U.S. dollars that have not been adjusted for inflation.
The global market for laser systems, components and materials has been divided into the following market segments:
- Type: Solid-state lasers, semiconductor lasers, gas lasers, liquid lasers.
- Solid-state lasers are further segmented into fiber lasers, Nd:YAG lasers, and others (bulk crystal solid-state lasers and thin-disk lasers).
- Gas lasers are further segmented into CO2 lasers, excimer lasers, He-Ne lasers, and other gas lasers (chemical and argon lasers).
- End use: Industrial, semiconductor and electronics, medical and aesthetics, telecommunications, defense and surveillance, instrumentation and scientific research, automotive, and others (retail, consumer electronics, and entertainment).
- Application: Macro-processing and micro-processing.
- Region: North America, Europe, Asia-Pacific, and Rest of the World.
Note: We have shortened the name of the market “global market for laser systems, components, and materials” as “global laser technology market” for the rest of the report. The name of the report title has been shortened to avoid repeated mention of the complete market name throughout the report.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $20.4 Billion | ||||||||||||||||
| Market size forecast | $30.4 Billion | ||||||||||||||||
| Growth rate | CAGR of 7.7% from 2024 to 2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Type, Application, End-use, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (South America and Middle East and Africa) | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea and Taiwan | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Growing industrial automation and precision manufacturing.
- Rapid growth in electronics and semiconductor industry.
- Expanding applications in medical and aesthetic procedures.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for lasers should grow from $14.5 billion in 2020 to $18.3 billion by 2025 at compound annual growth rate (CAGR) of 4.7% for the period of 2020-2025.
Report Includes
- 64 tables
- A descriptive study and trend analysis of the global markets for laser systems, components and materials within the industry
- Analyses of the global market trends with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Discussion of underlying technologies and factors influencing the demand, including current trends, changing regulatory landscape, technological achievements and other macroeconomic factors
- Patent analysis covering classification of significant U.S. patents according to categories of laser modules
- Assessment of the suppliers’ landscape on the basis of companies best-positioned to meet this ever-evolving demand, and their corresponding market share analysis
- Comprehensive profiles of key corporate players, including Aerotech, Frankfurt Laser, FujiFilm, Mitsubishi Electric Corp., and PhoVel
Report Highlights
The global market for lasers was nearly $10.8 billion in 2014. This market is expected to reach $11.7 billion in 2015 and $16 billion in 2020, with a compound annual growth rate (CAGR) of 6.5%.
Report Includes
- An overview of the global markets and technologies for laser systems, components, and materials.
- Analyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) through 2020.
- Breakdowns of the global laser market along individual energy medium type in value and volume terms: diode, fiber, carbon dioxide, solid-state, excimer, dye, and other gas lasers.
- Breakdowns of the market along individual end applications in value and volume terms: telecommunications; instrumentation and scientific research; medicine; energy, defense, and surveillance; computing and entertainment; industrial and automotive; as well as retail and others.
- Regional breakdowns into individual regions in value and volume terms: the Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific (APAC).
- Breakdowns of the global laser market along value chain contributors: active material, firing source and other components, as well as operating margins.
- Analysis of the stakeholder landscape in the laser value chain.
- Analysis of the patenting activity involving laser modules.
- Profiles of major players in the industry.
Report Highlights
- The global market for lasers in 2010 was $7.1 billion and is expected to reach $7.9 billion in 2011. The market is expected to rise at a compound annual growth rate (CAGR) of 9.5% and reach nearly $12.5 billion by 2016.
- The contribution of the Americas region will change from 29.5% in 2011 to 27.5% in 2016. This market segment is estimated to reach nearly $2.3 billion in 2011 and $3.4 billion by 2016, a CAGR of 7.9% over the five year period.
- The contribution of the Asia-Pacific (APAC) region will change from 41.6% in 2011 to 44.1% in 2016. The segment is expected to reach $3.3 billion in 2011, and should reach nearly $5.5 billion in 2016, a CAGR of 10.8% between 2011 and 2016.
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