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

Laser Technology Market Outlook (2024 to 2030)

The global laser technology market is expected 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 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 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.

Covid-19 Impact

In 2023, many countries faced strict lockdowns due to the covid-19 pandemic. These lockdowns have resulted in the partial or complete shutdown of manufacturing facilities. The shutdown of manufacturing facilities had a major impact on the consumption of materials.

This led to reduced transportation resulting in a slowing down of updating the railway system. However, with the ease of lockdown manufacturing sector is expected to return to its normal growth. The global laser technology market is crowded with established players. These players have a commanding say in the market.

The technology used in the laser technology market is proprietary and needs long-term research and development planning implemented efficiently.

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.

New Developments

• March 7, 2023, Coherent To Hold Industry-First Live Demonstration Of 200g Pam4 Mach-Zehnder Modulated Laser Technology At Ofc 2023
• In June 2022, Coherent has introduced the OBIS XT Series of compact smart ultraviolet lasers aimed at expanding power capacity up to 150 milliwatts and features 320 nm wavelength. The compact size, low heat dissipation, and integrated controller abilities of the OBIS XT series offer simplified integration, thereby reducing time and costs.
• In June 2022, TRUMPF has introduced an automated loading solution for laser tube-cutting machines at the Tube trade fair in Dusseldorf, Germany. The new solution automatically transfers tubes from the storage system to the tube-cutting machine. Through this, they allow to reduce downtime and improve productivity.
• In May 2022, Gravotech has introduced the LW2 laser marking system, which has a compact design and is available in several versions depending on the laser source, such as fiber or hybrid. It is suitable for different types of permanent marking and identification needs, such as various metals (aluminum, steel, and copper) and plastics.
• In April 2022, Lumentum introduced the FemtoBlade laser system, the second generation of the company’s portfolio of high-precision ultrafast industrial lasers. The new system features a modular design that offers high power at high repetition rates, thus ensuring high flexibility and fast processing speed.
• January 2021, Jenoptik has recently won a major order for three automated production lines from Gestamp, a manufacturer of metal automotive components. The firm’s Light & Production division will design, manufacture and integrate the three lines, each of which will use different welding and laser cutting technology to help manufacture complexe car body parts for electric vehicles.
• In November 2019, Coherent introduced a switchable adjustable ring mode (ARM) fiber laser that can power two independent processes or workstations sequentially.
• In January 2020, Jenoptik has introduced F-theta lenses for ultra-short pulse lasers.
• In January 2020, Trumpf purchased a minority position in GLOphotonics, a laser technology business located in France.

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.

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

List of Tables

Table 1               Global Laser Technology Market by Fabric Material (USD Millions) 2023-2030

Table 2               Global Laser Technology Market By Filter Media (USD Millions) 2023-2030

Table 3               Global Laser Technology Market By End User (USD Millions) 2023-2030

Table 4               Global Laser Technology Market By Region (USD Millions) 2023-2030

Table 5               Us Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 6               Us Market By Filter Media (USD Millions) 2023-2030

Table 7               Us Market By End User (USD Millions) 2023-2030

Table 8               Canada Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 9               Canada Market By Filter Media (USD Millions) 2023-2030

Table 10              Canada Market By End User (USD Millions) 2023-2030

Table 11              Mexico Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 12              Mexico Market By Filter Media (USD Millions) 2023-2030

Table 13              Mexico Market By End User (USD Millions) 2023-2030

Table 14              Brazil Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 15              Brazil Market By Filter Media (USD Millions) 2023-2030

Table 16              Brazil Market By End User (USD Millions) 2023-2030

Table 17              Argentina Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 18              Argentina Market By Filter Media (USD Millions) 2023-2030

Table 19              Argentina Market By End User (USD Millions) 2023-2030

Table 20              Colombia Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 21              Colombia Market By Filter Media (USD Millions) 2023-2030

Table 22              Colombia Market By End User (USD Millions) 2023-2030

Table 23              Rest Of South America Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 24              Rest Of South America Market By Filter Media (USD Millions) 2023-2030

Table 25              Rest Of South America Market By End User (USD Millions) 2023-2030

Table 26              India Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 27              India Market By Filter Media (USD Millions) 2023-2030

Table 28              India Market By End User (USD Millions) 2023-2030

Table 29              China Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 30              China Market By Filter Media (USD Millions) 2023-2030

Table 31              China Market By End User (USD Millions) 2023-2030

Table 32              Japan Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 33              Japan Market By Filter Media (USD Millions) 2023-2030

Table 34              Japan Market By End User (USD Millions) 2023-2030

Table 35              South Korea Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 36              South Korea Market By Filter Media (USD Millions) 2023-2030

Table 37              South Korea Market By End User (USD Millions) 2023-2030

Table 38              Australia Market By Fabric Material (USD Millions) 2023-2030

Table 39              Australia Market By Filter Media (USD Millions) 2023-2030

Table 40              Australia Market By End User (USD Millions) 2023-2030

Table 41              South-East Asia Market By Fabric Material (USD Millions) 2023-2030

Table 42              South-East Asia Market By Filter Media (USD Millions) 2023-2030

Table 43              South-East Asia Market By End User (USD Millions) 2023-2030

Table 44              Rest Of Asia Pacific Market By Fabric Material (USD Millions) 2023-2030

Table 45              Rest Of Asia Pacific Market By Filter Media (USD Millions) 2023-2030

Table 46              Rest Of Asia Pacific Market By End User (USD Millions) 2023-2030

Table 47              Germany Market By Fabric Material (USD Millions) 2023-2030

Table 48              Germany Market By Filter Media (USD Millions) 2023-2030

Table 49              Germany Market By End User (USD Millions) 2023-2030

Table 50              Uk Market By Fabric Material (USD Millions) 2023-2030

Table 51              Uk Market By Filter Media (USD Millions) 2023-2030

Table 52              Uk Market By End User (USD Millions) 2023-2030

Table 53              France Market By Fabric Material (USD Millions) 2023-2030

Table 54              France Market By Filter Media (USD Millions) 2023-2030

Table 55              France Market By End User (USD Millions) 2023-2030

Table 56              Italy Market By Fabric Material (USD Millions) 2023-2030

Table 57              Italy Market By Filter Media (USD Millions) 2023-2030

Table 58              Italy Market By End User (USD Millions) 2023-2030

Table 59              Spain Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 60              Spain Market By Filter Media (USD Millions) 2023-2030

Table 61              Spain Market By End User (USD Millions) 2023-2030

Table 62              Russia Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 63              Russia Market By Filter Media (USD Millions) 2023-2030

Table 64              Russia Market By End User (USD Millions) 2023-2030

Table 65              Rest Of Europe Market By Fabric Material (USD Millions) 2023-2030

Table 66              Rest Of Europe Market By Filter Media (USD Millions) 2023-2030

Table 67              Rest Of Europe Market By End User (USD Millions) 2023-2030

Table 68              UAE Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 69              UAE Market By Filter Media (USD Millions) 2023-2030

Table 70              UAE Market By End User (USD Millions) 2023-2030

Table 71              Saudi Arabia Laser Technology Market By Fabric Material (USD Millions) 2023-2030

Table 72              Saudi Arabia Market By Filter Media (USD Millions) 2023-2030

Table 73              Saudi Arabia Market By End User (USD Millions) 2023-2030

Table 74              South Africa Market By Fabric Material (USD Millions) 2023-2030

Table 75              South Africa Market By Filter Media (USD Millions) 2023-2030

Table 76              South Africa Market By End User (USD Millions) 2023-2030

Table 77              Rest Of Middle East And Africa Market By Fabric Material (USD Millions) 2023-2030

Table 78              Rest Of Middle East And Africa Market By Filter Media (USD Millions) 2023-2030

Table 79              Rest Of Middle East And Africa Laser Technology Market By End User (USD Millions) 2023-2030

List of Figures  

Figure 1              Market Dynamics

Figure 2              Market Segmentation

Figure 3              Report Timelines: Years Considered

Figure 4              Data Triangulation

Figure 5              Bottom-Up Approach

Figure 6              Top-Down Approach

Figure 7              Research Flow

Figure 8              Global Scientific Laser Technology Market By Type, USD Million, 2023-2030

Figure 9              Global Scientific Laser Technology Market By Application, USD Million, 2023-2030

Figure 10            Global Scientific Market By Industry USD Million, 2023-2030

Figure 11            Global Scientific Laser Technology Market By Region, USD Million, 2023-2030

Figure 12            Porter’s Five Forces Model

Figure 13            Scientific Laser Technology Market By Region 2020

Figure 14            Market Share Analysis

Figure 15            Coherent: Company Snapshot

Figure 16            Ipg Photonics: Company Snapshot

Figure 17            Trumpf: Company Snapshot

Figure 18            Lumentum: Company Snapshot

Figure 19            Jenoptik: Company Snapshot

Figure 20            Novanta: Company Snapshot

Figure 21            Lumibird: Company Snapshot

Figure 22            Laser Star: Company Snapshot

Figure 23            Epilog Laser: Company Snapshot

Figure 24            Han’s Laser: Company Snapshot

Figure 25            Mks Instruments: Company Snapshot

Figure 26            Gravotech: Company Snapshot

Figure 27            600 Group: Company Snapshot

Figure 28            Eurolasers Bystronic Lasers: Company Snapshot

Figure 29            Toptica Photonics Photonics Industries: Company Snapshot

Figure 30            Foglight Technologies: Company Snapshot

Figure 31            Corning Incorporated: Company Snapshot

Figure 32            Access Lasers: Company Snapshot