Global Laser Filter Protection Market 2016-2020

Laser filter protection market outlook

Extensive research carried out by the analysts at Technavio has shown that the global laser filter protection market will witness steady growth and will post a moderate CAGR of more than 5% over the forecast period. An increase in cosmetic surgical procedures around the world is one of the significant factors driving this market’s growth. Advanced laser technologies have several advantages over traditional cosmetic surgeries, for instance, laser body sculpting procedure leaves no large surgical scars, offers tighter and smoother skin and quicker recovery, and produces less trauma. These advantages of laser treatment have increased the consumer’s interest in cosmetic surgeries, which will, in turn, propel this market’s growth prospects over the estimated period.

Laser filter protection market share based on geography

In terms of geography, Europe was the leading revenue contributor to the laser filter protection market, accounting for over 34% of the total market shares during 2015. Europe has been one of the front-runners in manufacturing innovations and over the past few years several Western European countries, such as Poland, Hungary, Romania, the Czech Republic, and Turkey have become the hotspots for automotive manufacturing, high-end machine production, electronics manufacturing, food and beverage processing, and pharmaceutical production. Since industrial lasers find extensive applications in manufacturing industries, an increase in manufacturing activities will boost the laser filtration market in the coming years.

Laser filter protection market status: Competitive landscape and key vendors

The global laser filter protection market is partially fragmented due to the presence of several small- and medium-sized players. The market is dominated by players such as Honeywell and Philips. The increasing focus on R&D activities and investments by the market leaders ensure that product innovation is always the top priority. Although the top vendors cater to the majority of the market, private labels are also launching their protective equipment at lower price points in an attempt to use sales volumes to gain market share. This has led to the entry of several new players in the market.

Key vendors in the laser filter protection market

• Honeywell
• Philips Safety products
• uvex

Laser filter protection market growth based on product segmentation

• Absorbing glass laser filter
• Plastic and acrylic laser filter
• Reflective coated laser filter

The absorbing glass laser filter is one of the fastest growing segments of the market, growing at a CAGR of close to 6% during the forecast period. Absorbing glass laser filters are used in workplaces with extreme temperatures or applications that use continuous exposure to medium- to high-power lasers, such as skin treatments, ophthalmology, urology, welding, and others. Since glass filters can break due to thermal distortion, manufacturers laminate neutral glass over the glass laser filter to avoid injuries. 

Laser filter protection market segmentation by end-user 

• Manufacturing
• Healthcare
• Communications
• Others

During 2015, the manufacturing segment led the end-user segment of the global laser filter protection market and accounted for close to 32% of the revenue market shares. Factors such as the increasing focus on physical safety at workplace and the efforts of the management to comply with various government regulations on worker safety will boost the demand for laser filter protection from industries worldwide.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global laser filter protection market?
• What are the key market trends impacting the growth of the global laser filter protection market?
• What are the challenges to market growth?
• Who are the key vendors in the global laser filter protection market?
• What are the market opportunities and threats faced by the vendors in the global laser filter protection market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global laser filter protection market?

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