Global Laser Pointer Market
Global Laser Pointer Market Overview, Segmentation, Key Developments And Forecast
According to Verified Market Research, the Global Laser Pointer Market was valued at USD 2.05 Billion in 2018 and is projected to reach USD 3.33 Billion by 2026, growing at a CAGR of 6.38% from 2019 to 2026.
A laser pointer can be defined as a device that is used to produce a coherent beam of monochromatic light. These devices are used mainly for pointing out or highlighting a point of interest by using a strong beam of light that can be of varying colors. Laser Pointers are made of IR-pumped frequency that is called a diode-pumped solid-state laser which typically produces a beam of light in colors such as violet, blue, green, red – that are of high visible power. Laser pointers typically use a power source such as batteries as well as a diode laser in order to be able to produce its intended bright-colored light.
There are various applications of laser pointers, such as for industrial and research use, leisure and entertainment and for military use. Laser pointers essentially carry out one function that can be used for a variety of purposes. As the popularity of laser pointers grow, the use of the tool in other markets such as in astronomy (Astronomy laser pointers are commonly mounted on telescopes in order to facilitate the alignment of the telescope to a specific star or location. Laser alignment is much easier than aligning through using the eyepiece) expand accordingly.
Laser pointers are being widely used in the leisure and entertainment vertical. When it comes to entertainment, laser pointers play a prominent role. Laser pointers have been used in music and light shows from the early 1960s. Laser pointers are used by artists in these shows in various ways in order to be able to create visually striking patterns. The pointers are used in conjunction with tanks filled with liquid and glass objects as well as are reflected off mirrors in order to create an interesting and entertaining visual. Thus, increasing demand for laser pointer in the leisure and entertainment sector boosts the growth of the market.
Moreover, the lack of technical barriers in laser pointers results in numerous manufacturing enterprises. The increase in the number of manufacturing enterprises thereby expands the potential for the growth of the laser pointer market. However, laws and regulations for usage of laser pointer are imposed in order to prevent temporary flash-blindness, startle hazards, glare responses, after images, and permanent eye damage that can be caused by the unsafe use of laser pointers. These rules and regulations can be leading to the restraint of the overall growth of the laser pointer market.
The market for blue is expected to grow at the highest CAGR over the forecast period. Blue is considered as the latest color in the laser pointer world. The common wavelength is 473 nm, and those blue pointers have a similar composition to their green counterparts. The wavelength for these pointers is 360-480 nanometers. There are gas lasers and semiconductor laser pointers with blue beams. Some blue lasers that emit light below 445 nanometers actually appear violet in color. The common procedure of blue lasers can be seen in medical applications.
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