A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which includes measuring a distance, height or elevation value to verifying an angular direction or remote position with GPS and so on.
The report aims to provide an overview of global laser technology market with detailed market segmentation by product types, application, and geography. Being much matured market, global laser technology market is expected to witness sluggish growth. Factors such as drop in price of laser, especially for fiber and diode lasers will affect the market in coming year. Fiber lasers are replacing other types of lasers, such as diode lasers in multiple application areas. Also Chinese lasers are slowly entering the market.
The objectives of this report is as follows:
- To provide overview of the global laser technology market
- To analyze and forecast the global laser technology market on the basis of product type and application
- To provide market size and forecast till 2025 for overall laser technology market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries
- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
- To provide exhaustive PEST analysis for all five regions
- To profiles key laser technology players influencing the market along with their SWOT analysis and market strategies
Some of the leading players in laser technology market are Coherent, Inc., Corning Inc., Cymer Inc., Frankfurt Laser, IPG Photonics Corporation, JDS Uniphase Corporation, Newport Corporation, ROFIN-SINAR Technologies Inc., Schott Glass Technologies, and TRUMPF.