Wednesday 17 September 2014, Amsterdam
According to a new market research report, now available on ASDReports, “Laser Technology Market by Type (Solid - YAG laser, Fiber laser, Thin Disk Laser, Liquid, Gas - Argon Ion Laser, Excimer, CO2& Others), Application (Medical, Industrial, Military, Research, Consumer, & Others), and Geography - Trends & Forecast to 2013 - 2020” the total market is expected to grow to$17.06 billion by 2020, at an estimated CAGR of 7.58% from 2014 to 2020.
Laser is a powerful resource of light, having amazing properties not found in normal light sources such as mercury lamps, tungsten lamps, and so on. The extraordinary property of laser is that its light waves travel long distances with very little deviation; whereas, conventional light emits a mixture of separate waves that cancel each other at random and hence, can travel only short distances. There are numerous types of lasers operating at different wavelengths and used for various applications.
This report presents the future of the global laser technology market and the industry from both technical and market-oriented perspectives with techno-market oriented roadmaps till 2020. It describes the market trends, drivers, restraints, and opportunities of the laser technology market and forecasts the market to 2020, based on product types, applications, and geographies. In geography, the report covers the market of North America, Europe, Asia-Pacific, and RoW (Rest of the World). As of 2014, North America is the largest geography in terms of market size for the laser technology. APAC, Europe, and RoW are also considered as promising markets, along with China, Japan, India, Germany, and the Middle East, which provide impetus to the growth.
The report profiles 12 promising players with a SWOT analysis of key players in the laser technology market. The competitive landscape of the market presents an interesting picture, where a large number of small players have become a force to reckon with. The market witnesses a series of new product launch announcements and partnerships across the value chain. Some big announcements by small and big players are expected in the coming months. Some of the key players in the laser technology market are Trumpf (U.S.), JDS Uniphase Corporation (U.S), Coherent, Inc. (U.S.), Rofin-Sinar (Germany), Cymer, Inc. (U.S.), Newport Corporation (U.S.), and IPG Photonics Corporation (U.S.).
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