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The infographic below contains key findings from our analysis of the laser market
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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.
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 -
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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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by application
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
PART 16: Explore Technavio
Tags: laser printer, laser beam, computer devices, display, hardware and semiconductor market size, embedded systems market share,
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