The “Global Laser Technology Market (2021-2026) by Application Type, Laser Type, End-User Industry Type, Revenue Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Laser Technology Market is estimated to be USD 12.33 Bn in 2021 and is expected to reach USD 17.78 Bn by 2026, growing at a CAGR of 7.6%.
The Global Technology Market is estimated to be the fastest-growing segment due to increasing adoption and demand by various industries, especially by healthcare verticals. The advantage of technology over traditional material processing techniques is driving the market’s growth. Additionally, the growing nanodevices and microdevices fuel the market’s growth. On the other hand, high costs associated with the deployment of technology, stringent regulatory framework and policies imposed by the government, and lack of skilled personnel and expertise are restricting the market and hampering the growth.
Furthermore, the growing adoption of technology for quality checks in various industrial verticals and increasing usage of technology for optimal communication are creating potential opportunities for the market to grow in the forecasted period. Moreover, technical complexities in high-power and increasing concern related to the environment over the use of rare-earth elements are the significant challenges that may negatively affect the market’s growth.
Market Segmentation
The Global Laser Technology Market is segmented further based on Application Type, Laser Type, End-User Industry Type, Revenue Type, and Geography. By Application Type, the market is classified into Laser Processing {Macro-Processing [Cutting (Flame Cutting, Fusion Cutting, and Sublimation Cutting), Drilling (Single-pulse Drilling, Helical Drilling, Percussion Drilling, and Trepanning Drilling), Welding, and Marking & Engraving], Micro-Processing, and Advanced Processing}, Optical Communications, and Others. By Laser Type, the Laser Technology market is classified into Solid Laser and Liquid Laser. By End-User Industry Type, the Laser Technology market is classified into Automotive, Aerospace & Defence, Commercial, Industrial, Medical, Research, Semiconductor & Electronics, Telecommunications, and Others. By Revenue Type, the Laser Technology market is classified into Laser Revenue and System Revenue. By Geography, America is projected to lead the market.
Company Profiles
Some of the companies covered in this report are II-VI Incorporated, Epilog Corporation, Han’s Laser Technology Industry Group Co Ltd, IPG Photonics Corporation, Jenoptik AG, LaserStar Technologies Corporation, LUMIBIRD, Lumentum Holdings, Inc, Novanta, Inc, and TRUMPF Group, etc.
Countries Studied
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas) Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe) Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA) Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
The report offers a comprehensive evaluation of the Global Laser Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies. The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry. The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report. The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies. The report also contains the competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.
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