Global Laser Technology Market - Growth Analysis and Forecast 2024Posted by Bharat Book on January 9th, 2019 Bharat Book Bureau Provides the Trending Market Research Report on “Laser Technology Market by Type (Carbon Dioxide Laser, Fiber Laser, and Solid State Laser), Revenue (Laser Revenue and System Revenue), Application (Laser Processing and Optical Communications), End User, Geography - Global Forecast to 2024” under Media & Technology category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports. Laser Technology Market is expected to grow at a CAGR of 4.65% from 2018 to 2024 The overall laser technology market is expected to grow from USD 12.9 billion in 2018 to USD 16.9 billion by 2024, at a CAGR of 4.65%. Huge demand from the healthcare vertical, enhanced performance over traditional material processing techniques, and shift toward production of nano and micro devices are the key factors driving the growth of this market. However, regulatory compliances could likely act as the restraint for the market’s growth.
Request a free sample copy of Laser Technology Market Report @ https://www.bharatbook.com/marketreports/Sample/Reports/1319821 Others laser type is likely to grow at the highest CAGR during the forecast period The market for others laser type is expected to grow at the highest CAGR within the overall laser technology market during the forecast period. The growth can be attributed to increasing demand for several lasers including X-ray laser, dye laser, excimer laser, argon laser, chemical laser, and helium-neon laser. Applications such as in dense plasmas, X-ray microscopy, medical imaging, aerospace & defense, and surface research boost demand for X-ray lasers; the ability to generate light pulses of various wavelengths drives excimer lasers’ demand. Laser processing application to hold the largest share of the laser technology market in 2018 Laser processing application accounts for the largest share of the laser technology market. The leading position of laser processing, in terms of market size, can be attributed to its ability to provide better quality and reliability and more precise output than conventional mechanical methods. Laser processing involves using laser for applications such as materials processing, micro processing, and advanced processing. APAC is expected to hold a significant share of the laser technology market by 2024 APAC is expected to account for the largest share of the laser technology market. Continuous demand for cost-effective and fast processing laser machine tools from semiconductor, automotive, industrial, and telecommunications verticals are expected to drive the growth of the laser technology market in APAC. APAC has been ahead in terms of adoption of laser technology products and solutions compared to other regions. The region’s huge population, increasing R&D investments, and growing manufacturing and electronics sectors are expected to drive the growth of the laser technology market. Breakdown of profiles of primary participants:
Major players profiled in this report:
Research Coverage This report offers detailed insights into the laser technology market, segmented based on type, application, revenue, end user, and region. By type, the laser technology market has been segmented into CO2 laser, fiber laser, solid state laser, and others laser. By application, the market has been segmented into laser processing, optical communications, and others. By revenue, the laser technology market has been segmented into laser revenue and system revenue. By end user, the laser technology market has been segmented into telecommunications, industrial, semiconductor & electronics, commercial, aerospace & defense, automotive, medical, research, and others. The study forecasts the size of the market in 4 regions—North America, Europe, APAC, and RoW. Reasons to buy the report The report would help market leaders/new entrants in this market in following ways:
Browse our full report with Table of Contents : https://www.bharatbook.com/marketreports/laser-technology-market-by-type-carbon-dioxide-laser-fiber-laser-and-solid-state-laser-revenue-laser-revenue-and-system-/1319821 About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Industry Trends & Analysis, Forecasts & Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. Contact us at: Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Email: poonam@bharatbook.com Website: www.bharatbook.com Follow us on : Twitter, Facebook, LinkedIn, Google Plus Like it? Share it! More by this author |
