September 05, 2019
WELLESLEY, Mass., Sep 05, 2019– Lasers are playing an increasingly important role in the development of many new processes, especially in military and healthcare sectors, according to a report by BCC Research, “Lasers: Global Markets to 2024.”
The market expects to see a compound annual growth rate (CAGR) of 10.3% through 2023, when it could be worth $14.6 billion.
Read the full report here: https://www.bccresearch.com/market-research/photonics/lasers-market-report.html
“Directed-energy lasers optimize various existing industrial processes and the developments and have catalyzed future investment plans by both government and nongovernment entities,” write BCC Research analysts. “For example, in the military, lasers play an increasingly important role in the development of many new processes, including guiding munitions and marking targets, missile defense systems, laser lightning displays, communication. and surgery and diagnosis functions.”
Growth in Healthcare and Other Markets
Additionally, the healthcare sector has considerable untapped growth opportunities for lasers due to increasing health awareness and the demand for minimally invasive surgeries. An increasing demand for three-dimensional (3D) imaging additive manufacturing is also expected to bolster the global demand for lasers.
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Lasers: Global Markets to 2024( PHO034A )
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