Global Laser Market 2017-2021

The infographic below contains key findings from our analysis of the laser market

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Overview of the laser market

The global laser market research report predicts the market to witness steady growth and post a moderate CAGR of more than 5% over the forecast period. It has been observed that laser systems are used in manufacturing plants around the world for cutting, engraving, welding, and marking of products. For instance, in the automotive industry, laser systems are used for cutting airbag cloth and composite materials. They are also used in welding gears and powertrain components. Moreover, in the packaging industry, laser systems are used for marking expiration dates and batch numbers on products. The increasing number of manufacturing plants globally will lead to an augmented adoption of laser systems in the coming years.

In terms of geography, APAC was the highest laser market revenue contributor and will continue to lead the market over the next four years. The growth of this market in the APAC region is attributed to the presence of major semiconductor foundries, fabless semiconductor companies, and consumer electronic device manufacturers in the region. Furthermore, the high concentration of LED/OLED and photovoltaic (PV) cell manufacturers in the region is also contributing to the growth of the laser system.

Competitive landscape and key vendors

The global laser market is highly fragmented and is characterized by the presence of well-diversified international, regional, and local vendors. The vendors compete on the basis of cost, performance, product innovation, and service and support. The smaller vendors in the market are adopting product differentiation strategies to compete with the big players. To achieve this, the vendors are acquiring technology patents to develop innovative and proprietary products. 

According to the laser market analysis report, the key vendors in this market are -

• Coherent
• FANUC
• Han's Laser Technology
• IPG Photonics
• Jenoptik
• Lumentum Operations
• Newport
• Photonics Industries International
• ROFIN-SINAR Technologies
• TRUMPF

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Product segmentation and analysis of the laser market  

• CO₂ laser
• Fiber laser
• SSL

During 2016, the CO₂ laser segment held the highest laser market share and is likely to be one of the highest revenue-generating segments during the forecast period. CO₂ lasers are widely preferred across the industries as they offer the lowest cost per watt together with good beam quality. 

Segmentation by application and analysis of the laser market

• Communication
• Material processing
• Healthcare
• Data storage
• Excimer lithography
• Defense
• Instrumentation and sensors

In terms of revenue, the communication segment led the laser market during 2016 and will continue to dominate the market over the next few years. The augmented demand for lasers in this segment is attributed to the increasing adoption of optical fibers for establishing communication. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global laser market?
• What are the key market trends impacting the growth of the global laser market?
• What are the challenges to market growth?
• Who are the key vendors in the global laser market?
• What are the market opportunities and threats faced by the vendors in the global laser market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and ROW?
• What are the key outcomes of the five forces analysis of the global laser market?

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