Jersey City, New Jersey, Sept. 08, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently released a report, “laser technology market” By type (liquid laser, YAG laser), by applications (laser processing, optical communication), by vertical (commercial, automotive) and by geography. According to Verified Market Research, the laser technology market size was valued at USD 14.9 billion in 2021 and is projected to reach USD 24.51 billion by 2030, growing at a CAGR of 5.98% from 2022 to 2030.
Download the PDF brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=4761
Browse the table of contents in depth on “laser technology market”
202 – Pages
126 – Tables
37 – Numbers
Global laser technology market overview
Factors such as the rapid adoption of laser machine tools across a wide range of industries and the growing desire for cost-efficiency, along with new and diverse markets for laser technology, are driving up the market demand. Additionally, laser technologies have exploded in popularity in the healthcare industry. It is used in urology, dermatology, dentistry and ophthalmology, among other fields. At the same time, an older population has improved medical infrastructure and an increasing number of cosmetic procedures are driving all sales of medical laser systems.
However, the overall market growth is hampered by issues such as increased power consumption, burning, and difficulty in cutting certain materials in the laser technology market. Regulatory compliances also act as a brake on the growth of the laser technology market. Additional limitations of the laser technology market include radioactive contamination created by sludge residue, environmental hazards, depletion of rare metals, and requirement for harmful acids during the refining process.
- In June 2022Physicists at the University of Amsterdam have created an atom laser that can operate indefinitely.
- In March 2022LightWELD XR, the third product in IPG Photonics’ line of portable laser welding and cleaning products, has been launched by IPG Photonics, the world leader in fiber laser technology.
The main market players are IPG Photonics Corp., Coherent, Inc., Trumpf Group, Jeanoptik AG, Quantel Group, LasaerStar Technologies Corp., Novanta Inc, Lumentum Holdings Inc., Epilog Laser, Han’s Laser Technology Industry Group, MKS Instruments, GSI Group Inc., and Others.
Verified Market Research has segmented the global laser technology market on the basis of type, applications, industry vertical, and geography.
- Laser Technology Market, By Type
- liquid laser
- gas laser
- Laser Technology Market, By Applications
- Optical Communications
- laser treatment
- Laser Technology Market, By Vertical
- Semiconductor and electronics
- Health care
- Laser Technology Market, By Geography
- North America
- The rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
Browse related reports:
Laser Sensor Market By type (compact and ultra-compact), by component (software and hardware), by end user (automotive, aviation, food and beverage), by geography and forecast
laser engraver market By Product Type (CO2 Laser Engraver, Fiber Laser Engraver), by Application (Printing and Packaging, Advertising Decoration), by Geography and Forecast
laser projection market By product type (CAD laser projection system, laser projector), by resolution (HD and Full HD, 4K), by illumination type (laser diode, RGB laser), by end-use industry (retail, industry), by geography and forecast
Medical laser systems market By Product (Diode Lasers, Semiconductor (Crystal) Lasers), Gas Lasers), By Application (Dermatology, Ophthalmology, Gynecology) By Geography and Forecast
Top Laser Coating Services deposition of additional layers on the metals for reinforcement
Visualize the Laser Technology Market using Verified Market Intelligence -:
Verified market intelligence is our BI-enabled platform for storytelling in this market. VMI offers in-depth forecast trends and accurate insights on over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.
VMI provides a comprehensive overview and global competitive landscape with respect to region, country, segment and key players in your market. Present your market report and results with built-in presentation functionality that saves you over 70% of your time and resources for presentations to investors, sales and marketing, R&D, and product development. VMI enables data delivery in Excel and interactive PDF formats with over 15+ key market indicators for your market.
Verified Market Research is a leading global research and advisory firm serving over 5,000 clients. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We provide insight into strategic and growth analytics, the data needed to achieve business goals, and critical revenue decisions.
Our 250 analysts and SMEs offer a high level of expertise in data collection and governance and use industry techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study over 14 categories across Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, automotive and transportation, information and communication technology, software and services, information security, mining, minerals and metals, construction. & Construction, agricultural industry and medical devices from more than 100 countries.