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Laser Technology Market
| Status : Published | Published On : May, 2024 | Report Code : VRSME9020 | Industry : Semiconductor & Electronics | Available Format :
|
Page : 220 |
Global Laser Technology Market – Analysis and Forecast (2025-2030)
Industry Insight by Laser type (Solid-State Laser, Liquid Laser, Gas Laser, and Others), by Application (Optical Communication, Laser Processing, and Others), by Revenue (System Revenue and Laser Revenue), by End-Use Industry (Telecommunications, Industrial, Semiconductor & Electronics, Commercial, Aerospace & Defense, Automotive, Healthcare, Research, and Others), and Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)
Industry Overview
The global laser technology market is valued at USD 11.2 billion in 2023 and is expected to reach USD 19.50 billion by 2030, exhibiting a robust CAGR of 8.5% during the projected during the period 2025 - 2030. Laser technology is a special technology that uses laser lights in devices. These devices use the principle of optical amplification to emit coherent light. These devices are used extensively across a wide variety of industries such as optical communications, healthcare, material processing, and small-scale device manufacturing sectors.
Over the years, the global laser technology market has witnessed a significant growth. It is expected to continue growing in the forecast period at a reasonably fast pace as well. This growth and increase in demand are primarily attributed to the high efficiency of the lasers compared to the performance of regular processing technologies.
In addition, newer and better technologies, better management and control, and higher cost-effectiveness are few other factors that will propel the growth of the global laser technology market even further during the projected period.
Ideally, laser processing dominates the market due to it higher efficiency, precision, and quality which will increase the demand for this technology over the forecast period.
Market Segmentation
Insight by Laser Type
Considering the laser type, the global laser technology market is divided into solid-state lasers, liquid lasers, gas lasers, and other segments. Out of these segments, the solid-state laser segment is anticipated to grow at a high CAGR during the forecast period. This is due to the high efficiency of these systems compared to gas lasers. It is also attributed to the simple structure, ease in use, economical casting, and lower material wastage in the active medium.
Moreover, the growth of this segment is further attributed to the widespread adoption of solid lasers for different applications such as metal processing, red-green-blue (RGB) light sources in laser printers and projectors, eye surgery, measurement of environmental instrumentation and optical transmission systems. All these together boosts the growth of the global laser technology market as a whole.
Insight by Application
These systems have a diverse set of applications and the global laser technology market is divided into optical communication, laser processing, and other segments based on these applications. Out of all these segments, the optical communication segment is expected to grow at a high CAGR during the forecast period.
This growth is attributed to the increase in the use of laser light as a high-speed transmitter in digital and analog fiber optic networks. It is also the result of the rise in demand for VCSEL for data transmission.
Insight by Revenue
According to the revenue generation, the global laser technology market is split into system revenue and laser revenue. Out of these two segments, the system revenue segment is expected to dominate the market during the forecast period and grow at a higher rate due to higher revenue generation from sales of different types of laser systems. This includes marking & engraving, welding & brazing, cutting & scribing, cladding & coating, annealing, drilling, and material removal. These systems have a wide range of application across different industries such as automotive, industrial, commercial, healthcare, and defense.
Insight by End-Use Industry
The global laser technology market is also divided into telecommunications, industrial, semiconductor & electronics, commercial, aerospace & defense, automotive, healthcare, research, and other segments based on the end users.
Out of all these segments, the healthcare segment is expected to grow at a higher CAGR during the forecast period due to rapid technological developments such as confocal microscopy, dermatological treatment, ontogenetic, laser vision correction, and dynamic contrast-enhanced MRI in lasers. It is also attributed to the increase in the number of aesthetic laser treatments in Asia as a result of medical tourism. In addition, the increasing number of cost-effective laser treatments will further push the growth of the global laser technology market.
On the other hand, the automotive industry will also grow at a high CAGR during the forecast period. This is mainly due to the extensive use of laser technology in the cutting and welding processes of thin-walled components. Apart from that, it also helps in optimizing the compactness of components in automobiles manufacturing.
Global Laser Technology Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. 11.2 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 19.50 Billion |
|
Growth Rate |
8.5% |
|
Segments Covered in the Report |
By Laser Type, By Application, By Revenue and By End-Use Industry |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Industry Trends
The industry players have to compete fiercely with each other in the competitive market. This has encouraged them to focus on product innovation, mergers and acquisitions, and cost-efficiency. This brings more sustainability in the long term and strengthens their position in the global market.
Laser technology has also gained a significant position in the industry 4.0 concept. It helps in creating better and smarter factory solutions, helping the businesses to increase their output, improve efficiency and performance, offer low-cost benefit, improve quality of product, and increase production capacity.
Industries today are making the best use of the laser-based Industry 4.0 technology and its features which includes AI, IoT, cloud computing, cognitive computing, and more.
The governments of different countries are also taking significant initiatives to promote the adoption and use of laser technology. Initiatives like Make in India, Industrial value Chain Imitative, Smart Cities Mission, and others play a major role in fueling the growth of the laser technologies markets worldwide.
The high efficiency of the medical lasers using intensive and non-intensive light sources have made them the most prominent tools in the healthcare sector for treating tissue damages and promoting fast healing. It is also used to reduce scars and discoloration. As a result, these tools have become almost indispensable in the field of urology, dermatology, more.
Growth Drivers
The most significant factor that drives the growth of the laser technology market is the rapid utilization of medical lasers in the healthcare industry. The demand is high and growing due to its ability to treat a wide range of diseases.
Another significant factor that drives the demand for these tools in the medical care sector is the growing preference among people for non-invasive therapies.
The growth of the global laser technology market is further propelled by the growing adoption of laser-based applications in different technologies such as LiDAR and the development of photonics technology.
Moreover, there is a significant increase in government investments in laser technology, which has also fueled the growth of the global laser technology market.
In addition, the growing demand for laser devices in the military and defense sectors for a diverse set of applications also promotes the growth of the global laser technology market.
Additionally, the increase in popularity and adoption of cosmetic surgeries and in semiconductor optoelectronics also promote the growth of the laser technology market worldwide.
Challenges
High initial cost of setting up, high deployment cost, high power consumption, technical complexity in high-end and high-power lasers, radioactive pollution, lack of skilled workforce, and uncertain regulatory compliance will hinder the growth of the laser technology market on a global scale.
Moreover, the installation and operation processes of laser technology is complex and needs a huge amount of resources to maintain a high efficiency, which increases the cost of operation. All these together hinders the growth of this global laser technology market.
Opportunities
The market has better opportunities today created due to the rise in demand for this specific technology in robotics, defense & security for research and development of laser-based weapon systems and plasma-based weapon systems, extensive use in consumer electronic devices, and growing adoption in optical communication.
Geographic Overview
Asia Pacific accounts for the largest share in the laser technology market due to the increase in investments in research and development. It is expected to grow during the forecast period due to the rise in population. It is also attributed to the increased in demand for fast processing and cost-efficient laser machine tools in the automotive, semiconductor, telecommunications, and industrial sectors. In the APAC region, China, India, South Korea, and Japan are the main contributors to the growth.
North America is expected to grow at a significantly high CAGR during the forecast period due to the continual developmental process and higher investment in further R&D. It is mainly seen in the military & defense sectors. It is also attributed to the increased expenditure in the healthcare sector as well as the rise in the number of cosmetic surgeries, progress in data storage and optical communications, and a growth in the market for aesthetic laser treatments.
Competitive Insight
There is high competition in the laser technology market which is forcing industry players to focus on mergers and acquisitions, product innovation and cost-efficiency to ensure long-term sustainability and for strengthening their position in the market. For instance: Trumpf acquired a minority stake in GLOphotonics, a France-based laser technology startup and Jenoptik launched F-theta lenses that are suitable for ultra-short pulse lasers. Some of the key players are Coherent Inc, IPG Photonics Corporation, TRUMPF, Lumentum Operations LLC, Novanta Inc, Jenoptik AG, Corning Incorporated, LaserStar Technologies Corporation, Han’s Laser Technology Industry Group Co Ltd, LUMIBIRD
Recent Development by Key Players
Coherent Corp, a Pennsylvania (US) based manufacturer of electronics, and instrumentation devices, on Tuesday said it has entered into a memorandum of understanding (MoU) with Guidance Tamil Nadu and IIT Madras Research Park (IITMRP) to start its first global centre of excellence (COE) in Taramani, Chennai.
Miller Electric Mfg. LLC and IPG Photonics collaborated to deliver leading laser solutions to the handheld welding market. This partnership shall bring ease of use, speed and precision, transforming the handheld welding process.
Research Phases
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Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.
The Laser Technology Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Laser Type
- Solid-State Laser
- Liquid Laser
- Gas Laser
- Others
- By Application
- Optical Communication
- Laser Processing
- Others
- By Revenue
- System Revenue
- Laser Revenue
- By End-Use Industry
- Telecommunications
- Industrial
- Semiconductor & Electronics
- Commercial
- Aerospace & Defense
- Automotive
- Healthcare
- Research
- Others
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
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Source: VynZ Research
1. Research Overview
1.1. The Report Offers
1.2. Market Coverage
1.2.1. By Laser Type
1.2.2. By Application
1.2.3. By Revenue
1.2.4. By End-Use Industry
1.2.5. By Region
1.3. Research Phases
1.4. Limitations
1.5. Market Methodology
1.5.1. Data Sources
1.5.1.1. Primary Research
1.5.1.2. Secondary Research
1.5.2. Methodology
1.5.2.1. Data Exploration
1.5.2.2. Forecast Parameters
1.5.2.3. Data Validation
1.5.2.4. Assumptions
1.5.3. Study Period & Data Reporting Unit
2. Executive Summary
3. Industry Overview
3.1. Industry Dynamics
3.1.1. Market Growth Drivers
3.1.2. Market Restraints
3.1.3. Key Market Trends
3.1.4. Major Opportunities
3.2. Industry Ecosystem
3.2.1. Porter’s Five Forces Analysis
3.2.2. Recent Development Analysis
3.2.3. Value Chain Analysis
3.3. Competitive Insight
3.3.1. Competitive Position of Industry Players
3.3.2. Market Attractive Analysis
3.3.3. Market Share Analysis
4. Global Market Estimate and Forecast
4.1. Global Market Overview
4.2. Global Market Estimate and Forecast to 2030
5. Market Segmentation Estimate and Forecast
5.1. By Laser Type
5.1.1. Solid-State Laser
5.1.1.1. Market Definition
5.1.1.2. Market Estimation and Forecast to 2030
5.1.2. Liquid Laser
5.1.2.1. Market Definition
5.1.2.2. Market Estimation and Forecast to 2030
5.1.3. Gas Laser
5.1.3.1. Market Definition
5.1.3.2. Market Estimation and Forecast to 2030
5.1.4. Others
5.1.4.1. Market Definition
5.1.4.2. Market Estimation and Forecast to 2030
5.2. By Application
5.2.1. Optical Communication
5.2.1.1. Market Definition
5.2.1.2. Market Estimation and Forecast to 2030
5.2.2. Laser Processing
5.2.2.1. Market Definition
5.2.2.2. Market Estimation and Forecast to 2030
5.2.3. Others
5.2.3.1. Market Definition
5.2.3.2. Market Estimation and Forecast to 2030
5.3. By Revenue
5.3.1. System Revenue
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Laser Revenue
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.4. By End-Use Industry
5.4.1. Telecommunications
5.4.1.1. Market Definition
5.4.1.2. Market Estimation and Forecast to 2030
5.4.2. Industrial
5.4.2.1. Market Definition
5.4.2.2. Market Estimation and Forecast to 2030
5.4.3. Semiconductor & Electronics
5.4.3.1. Market Definition
5.4.3.2. Market Estimation and Forecast to 2030
5.4.4. Commercial
5.4.4.1. Market Definition
5.4.4.2. Market Estimation and Forecast to 2030
5.4.5. Aerospace & Defense
5.4.5.1. Market Definition
5.4.5.2. Market Estimation and Forecast to 2030
5.4.6. Automotive
5.4.6.1. Market Definition
5.4.6.2. Market Estimation and Forecast to 2030
5.4.7. Healthcare
5.4.7.1. Market Definition
5.4.7.2. Market Estimation and Forecast to 2030
5.4.8. Research
5.4.8.1. Market Definition
5.4.8.2. Market Estimation and Forecast to 2030
5.4.9. Others
5.4.9.1. Market Definition
5.4.9.2. Market Estimation and Forecast to 2030
6. North America Market Estimate and Forecast
6.1. By Laser Type
6.2. By Application
6.3. By Revenue
6.4. By End-Use Industry
6.5. By Country
6.5.1. U.S. Market Estimate and Forecast
6.5.2. Canada Market Estimate and Forecast
6.5.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Laser Type
7.2. By Application
7.3. By Revenue
7.4. By End-Use Industry
7.5. By Country
7.5.1. Germany Market Estimate and Forecast
7.5.2. France Market Estimate and Forecast
7.5.3. U.K. Market Estimate and Forecast
7.5.4. Italy Market Estimate and Forecast
7.5.5. Spain Market Estimate and Forecast
7.5.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Laser Type
8.2. By Application
8.3. By Revenue
8.4. By End-Use Industry
8.5. By Country
8.5.1. China Market Estimate and Forecast
8.5.2. Japan Market Estimate and Forecast
8.5.3. India Market Estimate and Forecast
8.5.4. South Korea Market Estimate and Forecast
8.5.5. Singapore Market Estimate and Forecast
8.5.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Laser Type
9.2. By Application
9.3. By Revenue
9.4. By End-Use Industry
9.5. By Country
9.5.1. Brazil Market Estimate and Forecast
9.5.2. Saudi Arabia Market Estimate and Forecast
9.5.3. South Africa Market Estimate and Forecast
9.5.4. Other Countries Market Estimate and Forecast
10. Company Profiles
10.1. Coherent, Inc.
10.1.1. Snapshot
10.1.2. Overview
10.1.3. Offerings
10.1.4. Financial Insight
10.1.5. Recent Developments
10.2. IPG Photonics Corporation
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. TRUMPF
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. Lumentum Operations LLC
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Novanta Inc
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. Jenoptik AG
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. Corning Incorporated
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. LaserStar Technologies Corporation
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. Han’s Laser Technology Industry Group Co., Ltd
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. LUMIBIRD
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Laser Technology Market Size, By Laser Type, 2018 - 2023 (USD Billion)
Table 5 Global Laser Technology Market Size, By Laser Type, 2025 - 2030(USD Billion)
Table 6 Global Laser Technology Market Size, By Application, 2018 - 2023 (USD Billion)
Table 7 Global Laser Technology Market Size, By Application, 2025 - 2030(USD Billion)
Table 8 Global Laser Technology Market Size, By Revenue, 2018 - 2023 (USD Billion)
Table 9 Global Laser Technology Market Size, By Revenue, 2025 - 2030(USD Billion)
Table 10 Global Laser Technology Market Size, By End-Use Industry, 2018 - 2023 (USD Billion)
Table 11 Global Laser Technology Market Size, By End-Use Industry, 2025 - 2030(USD Billion)
Table 12 Global Laser Technology Market Size, by Region, 2018 - 2023 (USD Billion)
Table 13 Global Laser Technology Market Size, by Region, 2025 - 2030(USD Billion)
Table 14 North America Laser Technology Market Size, By Laser Type, 2018 - 2023 (USD Billion)
Table 15 North America Laser Technology Market Size, By Laser Type, 2025 - 2030(USD Billion)
Table 16 North America Laser Technology Market Size, By Application, 2018 - 2023 (USD Billion)
Table 17 North America Laser Technology Market Size, By Application, 2025 - 2030(USD Billion)
Table 18 North America Laser Technology Market Size, By Revenue, 2018 - 2023 (USD Billion)
Table 19 North America Laser Technology Market Size, By Revenue, 2025 - 2030(USD Billion)
Table 20 North America Laser Technology Market Size, By End-Use Industry, 2018 - 2023 (USD Billion)
Table 21 North America Laser Technology Market Size, By End-Use Industry, 2025 - 2030(USD Billion)
Table 22 North America Laser Technology Market Size, by Region, 2018 - 2023 (USD Billion)
Table 23 North America Laser Technology Market Size, by Region, 2025 - 2030(USD Billion)
Table 24 Europe Laser Technology Market Size, By Laser Type, 2018 - 2023 (USD Billion)
Table 25 Europe Laser Technology Market Size, By Laser Type, 2025 - 2030(USD Billion)
Table 26 Europe Laser Technology Market Size, By Application, 2018 - 2023 (USD Billion)
Table 27 Europe Laser Technology Market Size, By Application, 2025 - 2030(USD Billion)
Table 28 Europe Laser Technology Market Size, By Revenue, 2018 - 2023 (USD Billion)
Table 29 Europe Laser Technology Market Size, By Revenue, 2025 - 2030(USD Billion)
Table 30 Europe Laser Technology Market Size, By End-Use Industry, 2018 - 2023 (USD Billion)
Table 31 Europe Laser Technology Market Size, By End-Use Industry, 2025 - 2030(USD Billion)
Table 32 Europe Laser Technology Market Size, by Region, 2018 - 2023 (USD Billion)
Table 33 Europe Laser Technology Market Size, by Region, 2025 - 2030(USD Billion)
Table 34 Asia-Pacific Laser Technology Market Size, By Laser Type, 2018 - 2023 (USD Billion)
Table 35 Asia-Pacific Laser Technology Market Size, By Laser Type, 2025 - 2030(USD Billion)
Table 36 Asia-Pacific Laser Technology Market Size, By Application, 2018 - 2023 (USD Billion)
Table 37 Asia-Pacific Laser Technology Market Size, By Application, 2025 - 2030(USD Billion)
Table 38 Asia-Pacific Laser Technology Market Size, By Revenue, 2018 - 2023 (USD Billion)
Table 39 Asia-Pacific Laser Technology Market Size, By Revenue, 2025 - 2030(USD Billion)
Table 40 Asia-Pacific Laser Technology Market Size, By End-Use Industry, 2018 - 2023 (USD Billion)
Table 41 Asia-Pacific Laser Technology Market Size, By End-Use Industry, 2025 - 2030(USD Billion)
Table 42 Asia-Pacific Laser Technology Market Size, by Region, 2018 - 2023 (USD Billion)
Table 43 Asia-Pacific Laser Technology Market Size, by Region, 2025 - 2030(USD Billion)
Table 44 RoW Laser Technology Market Size, By Laser Type, 2018 - 2023 (USD Billion)
Table 45 RoW Laser Technology Market Size, By Laser Type, 2025 - 2030(USD Billion)
Table 46 RoW Laser Technology Market Size, By Application, 2018 - 2023 (USD Billion)
Table 47 RoW Laser Technology Market Size, By Application, 2025 - 2030(USD Billion)
Table 48 RoW Laser Technology Market Size, By Revenue, 2018 - 2023 (USD Billion)
Table 49 RoW Laser Technology Market Size, By Revenue, 2025 - 2030(USD Billion)
Table 50 RoW Laser Technology Market Size, By End-Use Industry, 2018 - 2023 (USD Billion)
Table 51 RoW Laser Technology Market Size, By End-Use Industry, 2025 - 2030(USD Billion)
Table 52 RoW Laser Technology Market Size, by Region, 2018 - 2023 (USD Billion)
Table 53 RoW Laser Technology Market Size, by Region, 2025 - 2030(USD Billion)
Table 54 Snapshot – Coherent, Inc.
Table 55 Snapshot – IPG Photonics Corporation
Table 56 Snapshot – TRUMPF
Table 57 Snapshot – Lumentum Operations LLC
Table 58 Snapshot – Novanta Inc
Table 59 Snapshot – Jenoptik AG
Table 60 Snapshot – Corning Incorporated
Table 61 Snapshot – LaserStar Technologies Corporation
Table 62 Snapshot – Han’s Laser Technology Industry Group Co., Ltd
Table 63 Snapshot – LUMIBIRD
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Laser Technology Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Laser Technology Market Highlight
Figure 12 Global Laser Technology Market Size, By Laser Type, 2018 - 2030 (USD Billion)
Figure 13 Global Laser Technology Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 14 Global Laser Technology Market Size, By Revenue, 2018 - 2030 (USD Billion)
Figure 15 Global Laser Technology Market Size, By End-Use Industry, 2018 - 2030 (USD Billion)
Figure 16 Global Laser Technology Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 17 North America Laser Technology Market Highlight
Figure 18 North America Laser Technology Market Size, By Laser Type, 2018 - 2030 (USD Billion)
Figure 19 North America Laser Technology Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 20 North America Laser Technology Market Size, By Revenue, 2018 - 2030 (USD Billion)
Figure 21 North America Laser Technology Market Size, By End-Use Industry, 2018 - 2030 (USD Billion)
Figure 22 North America Laser Technology Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 23 Europe Laser Technology Market Highlight
Figure 24 Europe Laser Technology Market Size, By Laser Type, 2018 - 2030 (USD Billion)
Figure 25 Europe Laser Technology Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 26 Europe Laser Technology Market Size, By Revenue, 2018 - 2030 (USD Billion)
Figure 27 Europe Laser Technology Market Size, By End-Use Industry, 2018 - 2030 (USD Billion)
Figure 28 Europe Laser Technology Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Laser Technology Market Highlight
Figure 30 Asia-Pacific Laser Technology Market Size, By Laser Type, 2018 - 2030 (USD Billion)
Figure 31 Asia-Pacific Laser Technology Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 32 Asia-Pacific Laser Technology Market Size, By Revenue, 2018 - 2030 (USD Billion)
Figure 33 Asia-Pacific Laser Technology Market Size, By End-Use Industry, 2018 - 2030 (USD Billion)
Figure 34 Asia-Pacific Laser Technology Market Size, by Region, 2018 - 2030 (USD Billion)
Figure 35 RoW Laser Technology Market Highlight
Figure 36 RoW Laser Technology Market Size, By Laser Type, 2018 - 2030 (USD Billion)
Figure 37 RoW Laser Technology Market Size, By Application, 2018 - 2030 (USD Billion)
Figure 38 RoW Laser Technology Market Size, By Revenue, 2018 - 2030 (USD Billion)
Figure 39 RoW Laser Technology Market Size, By End-Use Industry, 2018 - 2030 (USD Billion)
Figure 40 RoW Laser Technology Market Size, by Region, 2018 - 2030 (USD Billion)
Global Laser Technology Market Coverage
Laser Type Insight and Forecast 2025-2030
- Solid-State Laser
- Liquid Laser
- Gas Laser
- Others
Application Insight and Forecast 2025-2030
- Optical Communication
- Laser Processing
- Others
Revenue Insight and Forecast 2025-2030
- System Revenue
- Laser Revenue
End-Use Industry Insight and Forecast 2025-2030
- Telecommunications
- Industrial
- Semiconductor & Electronics
- Commercial
- Aerospace & Defense
- Automotive
- Healthcare
- Research
- Others
Geographical Segmentation
Laser Technology Market by Region
North America
- By Laser Type
- By Application
- By Revenue
- By End-Use Industry
- By Country – U.S., Canada, and Mexico
Europe
- By Laser Type
- By Application
- By Revenue
- By End-Use Industry
- By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
Asia-Pacific (APAC)
- By Laser Type
- By Application
- By Revenue
- By End-Use Industry
- By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Laser Type
- By Application
- By Revenue
- By End-Use Industry
- By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
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Global Laser Technology Market – Analysis and Forecast (2025-2030)
- The global laser technology market will grow from USD 11.2 billion in 2023 to USD 19.50 billion by 2030 at a CAGR of 8.5%.
- The market is divided by the laser types, by applications, by revenue generation, by the end use industry with each of these segments having varied but significant growth forecast over the period.
- The market growth is attributed to increase in demand, high efficiency, better technologies, better management and control, high cost-effectiveness, higher precision, and quality.
- High initial setup cost, high power consumption, technical complexity, radioactive pollution, shortage of skilled labor, and undefined regulatory compliance hinders the growth of the market. However, increase in demand in specific industries, extensive use in consumer electronic devices, and growing adoption in optical communication are creating new opportunities for growth.
- Asia Pacific contributes the largest share to the market due to the increase in investments in research and development, rise in population, and growing demand for fast processing and cost-efficient laser machine tools in specific industries. North America is also expected to grow significantly due to continual developmental process and higher expenditure in the healthcare sector.