Industrial Laser Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 162 SKU: IRTNTR75179

Industrial Laser Market Forecast 2024-2028

The industrial laser market size is projected to increase by USD 2.89 billion, at a CAGR of 7.58% between 2023 and 2028. The growth rate of the market depends on several factors, including the growing demand for industrial lasers from several industries, the growing popularity of additive manufacturing or three-dimensional printing, and the increasing need for material processing. 

What will be the Size of the Market During the Forecast Period

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Market Overview

Market Growth Analysis Driver

The growing popularity of additive manufacturing or three-dimensional printing is notably driving the market growth. Additive manufacturing involves building 3D objects by layering materials based on a digital model, such as plastic, metal, or ceramic. Laser-based 3D printing is gaining popularity because it offers high precision and control in the manufacturing process. The adoption of laser-based 3D printing has grown significantly in recent years, leading to an increase in demand. Laser-based 3D printers offer high precision and accuracy, making them ideal for manufacturing complex and intricate parts. 

In addition, printing offers a more sustainable and eco-friendly manufacturing solution, as it reduces waste and requires fewer raw materials than traditional manufacturing methods. Laser-based 3D printing offers improved efficiency, productivity, customization, and sustainability, making it an attractive option for various industries. Therefore, the demand for industrial lasers is expected to grow, and the growing popularity of additive manufacturing or 3D printing will drive the growth of the market during the forecast period.

Market Growth and Trends

Government support and initiatives associated with industrial lasers are an emerging trend shaping the market development. Governments across the world are providing increased funding for research and development in the field of industrial lasers. For instance, in 2021, the EU announced funding of USD 2.39 billion for the development of advanced technologies, including technologies, under its Horizon Europe program. Governments are providing financial incentives to encourage the adoption of industrial lasers. In addition, governments are implementing regulations and standards to ensure the safe and efficient use of industrial lasers.

For instance, in the US, the Occupational Safety and Health Administration (OSHA) has developed standards for the use of lasers in the workplace, while the International Electrotechnical Commission (IEC) has developed safety standards for equipment. Therefore, due to the increase in government support and initiatives, the market is expected to grow during the forecast period.

Market Restrain

The high cost of installation of industrial lasers is a significant challenge hindering market development. The cost of purchasing industrial lasers can be a significant barrier for many companies, particularly for those operating in industries where profit margins are low. For example, in the automotive industry, where laser cutting is widely used, smaller manufacturers may not have the financial resources to invest in laser technology, which can cost hundreds of thousands of dollars. In addition to the cost of purchasing industrial lasers, there are significant costs associated with installation and maintenance.

Moreover, industrial lasers require specialized facilities and equipment and trained technicians to install and maintain them. These costs can be particularly high for businesses that do not have existing infrastructure in place to support technology. Therefore, the high cost of installation might create a challenge for the growth of the market during the forecast period.

Market Segmentation By Type

The market share growth by the macro processing segment will be significant during the forecast period. This segment refers to industrial lasers that are used for large-scale processing of materials, such as cutting, welding, and drilling of thick and heavy materials. This segment includes a range of different laser types, including CO2, fiber, and solid-state lasers, and they are used in a wide range of industrial applications, from automotive and aerospace manufacturing to shipbuilding and heavy machinery production.

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The macro processing segment was the largest and was valued at USD 2.98 billion in 2018.  Furthermore, macro processing lasers can be used in a wide range of industrial applications, from shipbuilding to automotive manufacturing, and they can handle various materials, including metals, plastics, and composites. This makes them an essential tool for many industrial manufacturers who require precision, speed, and accuracy in their manufacturing processes. Thus, due to the extensive usage of a wide range of industrial applications with powerful and versatile lasers, the macro processing segment is expected to contribute toward the growth of the market during the forecast period.

Market Segmentation By Power Output

The more than 1.1 kW segment includes a range of different laser types, including CO2, fiber, and solid-state lasers, and they are used in a wide range of industrial applications, from aerospace and automotive manufacturing to metal fabrication and welding. More than 1.1 kW laser machines can easily cut and weld thicker and stronger materials, such as steel and aluminum, that lower-powered lasers cannot handle. However, one of the main drawbacks of high-powered lasers is their cost. These lasers can be significantly more expensive than lower-power lasers, which can make them inaccessible to smaller businesses and startups. Thus, due to the ability to cut and weld thick and strong materials quickly and accurately, more than 1.1 kW segment will contribute to the growth of the market during the forecast period.

Regional Overview

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APAC is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. PAC is a manufacturing hub, with countries like China, Japan, South Korea, and India being major contributors to the manufacturing industry. The growth of manufacturing activities, particularly in industries such as automotive, electronics, and machinery, significantly boosts the demand for industrial lasers. Countries in the APAC region, such as India and China, are undergoing rapid industrialization. This industrial growth leads to increased adoption of advanced manufacturing technologies, such as industrial lasers, to improve efficiency, precision, and overall productivity. The automotive industry in APAC is one of the largest in the world. Industrial lasers are widely used in automotive manufacturing processes for cutting, welding, and marking. The expansion of the automotive sector directly contributes to the market trends and analysis of the regional market. 

Furthermore, in 2021, the Japanese company Hamamatsu Photonics (HAMAMATSU Group) launched a new series of ultrafast fiber lasers for scientific research and industrial applications in APAC. These lasers are designed to offer high stability, reliability, and ease of use and are expected to cater to the growing demand for advanced laser technologies in the region. Such factors are expected to boost the growth of the regional market during the forecast period.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Global Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AISIN CORP. - The company offers industrial lasers such as Fiber Lasers with femto-second pulse that minimally causes heat damage to the peripheral area and micro-fabrication of transparent and ultra-hard materials.

The market  growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Amonics Ltd.
  • Calmar Laser Inc.
  • Coherent Inc.
  • FANUC Corp.
  • Hamamatsu Photonics KK
  • Hans Laser Technology Industry Group Co. Ltd.
  • IPG Photonics Corp.
  • Jenoptik AG
  • Laserglow Technologies
  • Laserline GmbH
  • Lumentum Holdings Inc.
  • MKS Instruments Inc.
  • nLIGHT Inc.
  • Nuphoton Technologies Inc.
  • Photonics Industries International Inc.
  • Precitec GmbH and Co. KG
  • TroGroup GmbH

Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The global industrial lasers market is thriving, driven by automation and laser processing advancements. Industrial laser market revenue is buoyed by applications such as laser engraving, marking, and cutting across various industries like construction, e-mobility, and electronics. Laser systems, including CO2, solid state, and diode/excimer lasers, cater to complex product processing needs. Government initiatives bolster growth, encouraging adoption in sectors like aerospace and medical. Laser manufacturers focus on high-power fiber lasers, offering solutions for 3D micro milling, blind hole machining, and deep marking. Notably, energy-efficient and compact marking solutions ensure longevity and sustainability amid political uncertainties and trade traffic disruptions. Industries benefit from precision and efficiency in product segmentation, driving industrial machinery and machine tools components.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook
    • Macro processing
    • Micro processing
  • Power Output Outlook
    • More than 1.1 kW
    • Less than 1 kW
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Industrial Laser Market Scope

Report Coverage

Details

Page number

162

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.58%

Market Growth 2024-2028

USD 2.89 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

7.23

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 33%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Active Fiber Systems GmbH, AdValue Photonics Inc, AISIN CORP., Amonics Ltd., Calmar Laser Inc., Coherent Inc., FANUC Corp., Hamamatsu Photonics KK, Hans Laser Technology Industry Group Co. Ltd., IPG Photonics Corp., Jenoptik AG, Laserglow Technologies, Laserline GmbH, Lumentum Holdings Inc., MKS Instruments Inc., nLIGHT Inc., Nuphoton Technologies Inc., Photonics Industries International Inc., Precitec GmbH and Co. KG, TroGroup GmbH, TRUMPF SE Co. KG, and VYDENCE Medical

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market report forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of Industry companies

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Power Output
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global industrial laser market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global industrial laser market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 Power Output Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Power Output Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Macro processing - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Macro processing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Macro processing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Macro processing - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Macro processing - Year-over-year growth 2023-2028 (%)
    • 6.4 Micro processing - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Micro processing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Micro processing - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Micro processing - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Micro processing - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Power Output

    • 7.1 Market segments
      • Exhibit 44: Chart on Power Output - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Power Output - Market share 2023-2028 (%)
    • 7.2 Comparison by Power Output
      • Exhibit 46: Chart on Comparison by Power Output
      • Exhibit 47: Data Table on Comparison by Power Output
    • 7.3 More than 1.1 kW - Market size and forecast 2023-2028
      • Exhibit 48: Chart on More than 1.1 kW - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on More than 1.1 kW - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on More than 1.1 kW - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on More than 1.1 kW - Year-over-year growth 2023-2028 (%)
    • 7.4 Less than 1 kW - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Less than 1 kW - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Less than 1 kW - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Less than 1 kW - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Less than 1 kW - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Power Output
      • Exhibit 56: Market opportunity by Power Output ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Power Output ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 Active Fiber Systems GmbH
              • Exhibit 111: Active Fiber Systems GmbH - Overview
              • Exhibit 112: Active Fiber Systems GmbH - Product / Service
              • Exhibit 113: Active Fiber Systems GmbH - Key offerings
            • 12.4 AdValue Photonics Inc
              • Exhibit 114: AdValue Photonics Inc - Overview
              • Exhibit 115: AdValue Photonics Inc - Product / Service
              • Exhibit 116: AdValue Photonics Inc - Key offerings
            • 12.5 AISIN CORP.
              • Exhibit 117: AISIN CORP. - Overview
              • Exhibit 118: AISIN CORP. - Business segments
              • Exhibit 119: AISIN CORP. - Key offerings
              • Exhibit 120: AISIN CORP. - Segment focus
            • 12.6 Amonics Ltd.
              • Exhibit 121: Amonics Ltd. - Overview
              • Exhibit 122: Amonics Ltd. - Product / Service
              • Exhibit 123: Amonics Ltd. - Key offerings
            • 12.7 Calmar Laser Inc.
              • Exhibit 124: Calmar Laser Inc. - Overview
              • Exhibit 125: Calmar Laser Inc. - Product / Service
              • Exhibit 126: Calmar Laser Inc. - Key offerings
            • 12.8 Coherent Inc.
              • Exhibit 127: Coherent Inc. - Overview
              • Exhibit 128: Coherent Inc. - Business segments
              • Exhibit 129: Coherent Inc. - Key offerings
              • Exhibit 130: Coherent Inc. - Segment focus
            • 12.9 FANUC Corp.
              • Exhibit 131: FANUC Corp. - Overview
              • Exhibit 132: FANUC Corp. - Product / Service
              • Exhibit 133: FANUC Corp. - Key offerings
            • 12.10 Hans Laser Technology Industry Group Co. Ltd.
              • Exhibit 134: Hans Laser Technology Industry Group Co. Ltd. - Overview
              • Exhibit 135: Hans Laser Technology Industry Group Co. Ltd. - Product / Service
              • Exhibit 136: Hans Laser Technology Industry Group Co. Ltd. - Key news
              • Exhibit 137: Hans Laser Technology Industry Group Co. Ltd. - Key offerings
            • 12.11 IPG Photonics Corp.
              • Exhibit 138: IPG Photonics Corp. - Overview
              • Exhibit 139: IPG Photonics Corp. - Product / Service
              • Exhibit 140: IPG Photonics Corp. - Key offerings
            • 12.12 Jenoptik AG
              • Exhibit 141: Jenoptik AG - Overview
              • Exhibit 142: Jenoptik AG - Business segments
              • Exhibit 143: Jenoptik AG - Key news
              • Exhibit 144: Jenoptik AG - Key offerings
              • Exhibit 145: Jenoptik AG - Segment focus
            • 12.13 Laserline GmbH
              • Exhibit 146: Laserline GmbH - Overview
              • Exhibit 147: Laserline GmbH - Product / Service
              • Exhibit 148: Laserline GmbH - Key offerings
            • 12.14 Lumentum Holdings Inc.
              • Exhibit 149: Lumentum Holdings Inc. - Overview
              • Exhibit 150: Lumentum Holdings Inc. - Business segments
              • Exhibit 151: Lumentum Holdings Inc. - Key offerings
              • Exhibit 152: Lumentum Holdings Inc. - Segment focus
            • 12.15 Photonics Industries International Inc.
              • Exhibit 153: Photonics Industries International Inc. - Overview
              • Exhibit 154: Photonics Industries International Inc. - Product / Service
              • Exhibit 155: Photonics Industries International Inc. - Key offerings
            • 12.16 Precitec GmbH and Co. KG
              • Exhibit 156: Precitec GmbH and Co. KG - Overview
              • Exhibit 157: Precitec GmbH and Co. KG - Key offerings
            • 12.17 TRUMPF SE Co. KG
              • Exhibit 158: TRUMPF SE Co. KG - Overview
              • Exhibit 159: TRUMPF SE Co. KG - Product / Service
              • Exhibit 160: TRUMPF SE Co. KG - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 161: Inclusions checklist
                • Exhibit 162: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 163: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 164: Research methodology
                • Exhibit 165: Validation techniques employed for market sizing
                • Exhibit 166: Information sources
              • 13.5 List of abbreviations
                • Exhibit 167: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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