Laser Technology Market Research Report Data by Type (Solid-state lasers, Gas lasers, Liquid lasers, Semiconductor lasers, Chemical lasers, Metal-vapour lasers) Application (Optical communication, Laser processing) Industry (IT and Telecom, Electronics and Semiconductor, Healthcare, Manufacturing, Automotive, Aerospace, and Defense) Region (North America, Asia Pacific, Europe, South America, Middle East & Africa), Global Trends and Forecast from 2024 to 2030

Global Laser Technology Market is anticipated to grow at a 5.04% CAGR from 2024 to 2030. It is expected to reach above USD 17.9 billion by 2030 from USD 11.5 billion in 2023.

Laser Technology Market Research Summary

Laser technology transforms the energy levels of material using light energy, and it is a focused beam of photon particles. Lasers are classified into several categories, including dye lasers, excimer lasers, fiber optic lasers, gas lasers, and solid-state lasers. In the automobile industry, laser systems are commonly used to cut airbag textile and composite materials. The increased use of laser processing in material processing applications such as cutting, welding, engraving, and others accelerates the advancement of laser technology. Lasers have long been used in medicine as diagnostic and therapeutic tools, particularly for surgical purposes and procedures. Low-level laser treatment is gaining traction in medical research and is expected to change the area of regenerative medicine. Laser technologies are employed in practically every field of medicine. Because the high-intensity, high-power laser beam is suited for tissue cutting, a big surgical tool can be used instead of the standard level.

Growth Drivers

The rise in the incidences of surgical procedures is a critical factor accelerating market growth, as is the rise in the rapid expansion and advancements in the various end user verticals, the gradual shift toward the production of Nano and Micro devices, and the rise in research and development activities, to name a few. Furthermore, the increase in demand from emerging nations will generate new possibilities for the laser technology market throughout the forecast period. However, the rise in strict laws and compliances, as well as the high cost associated with the technology and its solutions for end user sectors, are among the primary factors inhibiting market growth and will further challenge the laser technology market over the projection period. The increased demand from the healthcare sector, as well as the superior performance of lasers over traditional material processing techniques, are the primary reasons driving the growth of the laser technology market. A medical laser is a non-invasive light source that heals tissues and promotes rapid healing without discoloration or scarring. This laser is utilised in a variety of applications, including dermatology, urology, ophthalmology, and dentistry. The treatment of several ailments, as well as the growing desire for non-invasive therapies, need the use of medical lasers, and so the laser technology industry will expand. The increased usage of laser-based technologies such as AR/VR, a vertical-cavity surface-emitting laser, and light detection and ranging (LiDAR) is projected to drive the laser technology market. Developments in photonics technology, favorable government investments, increased demand in oil and gas, medical, increasing need for lasers in the military and defense sectors, expanding usage in semiconductor optoelectronics, and more applications are all driving up demand for laser technology.

Restraints

Laser applications are growing in various industries, including automotive, semiconductor, industrial, medical, research, and defense. High-power lasers are used in large-scale displays, nuclear fusion, medical, military, research, and material processing. While laser processing in automotive and manufacturing lowers labor costs, it requires significant financial investment. Lasers are compatible with various software programs, design files, components, and sources, making them a valuable tool in various sectors.

Laser Technology Market Players

From large companies to small ones, many companies are actively working in the laser technology market. These key players include, Coherent, IPG Photonics, Trumpf, Lumentum, Jenoptik, Novanta, Lumibird, Laser Star, Epilog Laser, Han’s Laser, MKS Instruments, Gravotech,600 Group, Eurolasers Bystronic Lasers, Toptica Photonics Photonics Industries, Foglight Technologies, Corning Incorporated, Access Lasers and others.

Companies are mainly in laser technology they are competing closely with each other. Innovation is one of the most important key strategies as it has to be for any market. However, companies in the market have also opted for and successfully driven inorganic growth strategies like mergers & acquisitions, and so on.

Laser Technology Market company News 2024 and 2025

Coherent Corp

In March 2025, Coherent Corp. launched the AIM FL Series, a new line of fiber lasers with up to 3kW power, designed for precision welding with high beam quality and stability.

IPG Photonics

In February 2024, IPG Photonics released the LightWELD XR, a handheld laser welding and cleaning system that offers improved energy efficiency and enhanced material handling.

Laser Technology Market Segmentation Analysis

On the basis of type, the laser technology market is segmented into solid-state lasers, gas lasers, liquid lasers, semiconductor lasers, chemical lasers, and metal-vapour lasers. The solid-state lasers sector is expected to account for the majority of the laser technology market in 2023. The semiconductor lasers sector, also, is expected to increase at the fastest CAGR throughout the projection period. This segment’s rapid growth may be due mostly to its benefits, which include great reliability above other traditional lasers, compact size, low power consumption, and high efficiency. Lasers are mostly employed in the medical field for aesthetic operations, medical diagnostics, and therapy. Based on application, the laser technology market is divided into optical communication, and laser processing. The laser processing category is expected to account for the highest proportion of the laser technology market in 2023, based on application. The optical communication market, on the other hand, is expected to develop at the fastest CAGR over the projection period. The increased demand for VCSEL for data transmission is primarily responsible for this segment’s rapid rise. The global development of data centers, as well as the rise of digital solutions, necessitates the need for high-speed and efficient data transfer. To decrease power consumption and enable low-latency and high-performance computing, hyperscale data centers employ VCSELs as transceivers. On the basis of industry, the laser technology market is segmented into it and telecom, electronics and semiconductor, healthcare, manufacturing, automotive, aerospace, and defense. The industrial category is expected to account for the greatest proportion of the laser technology market in 2023, based on end users. However, due to the increasing utilization of lasers for advanced medical treatments, the medical segment is predicted to rise at the fastest CAGR over the projection period. Medical lasers have been shown to be effective in treating cutaneous cancers and primary skin disorders in addition to cosmetic therapies. The increasing availability of low-cost laser treatments is fueling industry expansion.

Laser Technology Market Country-wise Insights

Its major share is occupied by Asia Pacific, North America, Middle East & Africa (MEA), and Europe. Asia Pacific shares 35% of the total market. The factors contributing to the region’s market growth include the increasing number of laser technology production plants and the rapid usage of laser technology. The market in the region is expanding as a result of increased foreign investment due to low labor costs and the availability of raw resources. China is the fastest-growing market for lasers, offering significant potential due to the increasing demand for industrial lasers and optical equipment. The country’s telecom sector has undergone multiple liberalization and privatization reforms, making it one of the world’s largest telecom markets.

Key Market Segments: Laser Technology Market

Laser Technology Market by Type

• Solid-State Lasers.
• Gas Lasers.
• Liquid Lasers.
• Semiconductor Lasers
• Chemical Lasers
• Metal-Vapour Lasers

Laser Technology Market by Application

• Optical Communication
• Laser Processing

Laser Technology Market by Industry

• It and Telecom
• Electronics and Semiconductor
• Healthcare
• Manufacturing
• Automotive
• Aerospace and Defense

Frequently asked questions with answers

What are the growth opportunities in laser technology market, globally?

The move toward the development of nano- and micro-devices will fuel considerable market expansion.

What is the CAGR of laser technology market?

The global laser technology market registered a CAGR of 5.04% from 2023 to 2030.

Which are the top companies to hold the market share in the laser technology market?

Key players profiled in the report include Coherent, IPG Photonics, Trumpf , Lumentum , Jenoptik, Novanta , Lumibird, Laser Star, Epilog Laser, Han’s Laser, MKS Instruments , Gravotech, 600 Group, Eurolasers , Bystronic Lasers, Toptica Photonics , Photonics Industries , Foglight Technologies, Corning Incorporated, and Access Lasers

Which is the largest regional market for laser technology market?

Asia Pacific holds the largest regional market for the laser technology market.

What are the key factors hampering the growth of the market?

Stringent government rules will hinder the growth of the market.

Customization: We can provide following things

1) On request more company profiles (competitors)

2) Data about particular country or region

3) We will incorporate the same with no additional cost (Post conducting feasibility).

Any Requirement Contact us: https://forinsightsconsultancy.com/contact-us/

Table of Content

1. Introduction
   1. Market Definition
   2. Market Segmentation
   3. Research Timelines
   4. Assumptions and Limitations
2. Research Methodology
   1. Data Mining
      1. Secondary Research
      2. Primary Research
      3. Subject-Matter Experts’ Advice
   2. Quality Checks
      1. Final Review
   3. Data Triangulation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Research Flow
   4. Data Types
3. Executive Summary
4. Market Overview
   1. Global Scientific Laser Technology Market Outlook
      1. Market Drivers
      2. Market Restraints
      3. Market Opportunities
   2. Impact of Covid-19 On Global Scientific Laser Technology Market
5. Global Scientific Laser Technology Market by Type, (USD Million)
   1. Solid-state lasers.
   2. Gas lasers.
   3. Liquid lasers.
   4. Semiconductor lasers
   5. Chemical lasers
   6. Metal-vapour lasers
6. Global Scientific Laser Technology Market by Application, (USD Million)
   1. Optical communication
   2. Laser processing
7. Global Scientific Laser Technology Market by Industry, (USD Million)
   1. IT and Telecom
   2. Electronics and Semiconductor
   3. Healthcare
   4. Manufacturing
   5. Automotive
   6. Aerospace and Defense
8. Global Scientific Laser Technology Market by Region, (USD Million)
   1. Introduction
   2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Australia
      6. South-East Asia
      7. Rest of Asia-Pacific
   3. North America
      1. United States
      2. Canada
      3. Mexico
   4. Europe
      1. Germany
      2. United Kingdom
      3. France
      4. Italy
      5. Spain
      6. Russia
      7. Rest of Europe
   5. South America
      1. Brazil
      2. Argentina
      3. Colombia
      4. Rest of South America
   6. Middle East and Africa
      1. UAE
      2. Saudi Arabia
      3. South Africa
      4. Rest of Middle East and Africa

1. Company Profiles

9.1.        Coherent

9.2.        IPG Photonics

9.3.        Trumpf

9.4.        Lumentum

9.5.        Jenoptik

9.6.        Novanta

9.7.        Lumibird

9.8.        Laser Star

9.9.        Epilog Laser

9.10.     Han’s Laser

9.11.     MKS Instruments

9.12.     Gravotech

9.13.     600 Group

9.14.     Eurolasers Bystronic Lasers

9.15.     Toptica Photonics Photonics Industries

9.16.     Foglight Technologies

9.17.     Corning Incorporated

9.18.     Access Lasers

Tab Content

Tab Content