The laser materials market was valued at US$1.118 billion in 2018 and is anticipated to grow at a CAGR of 5.56% to reach a market value of US$ 1.645 billion by 2024. The global laser materials market is predicted to witness a remarkable growth during the forecast period as laser counterparts are emerging as a lightweight, low cost and more efficient technology in comparison to the existing technology. Laser material processing is expanding at a good rate on account of the burgeoning nee Read more...
Laser diode market is valued at US$7.882 billion in 2017 and is projected to expand at a CAGR of 12.03% over the forecast period to reach US$13.911 billion by 2022. This research study examines the Laser diode market on the basis of various segments – by doping materials, by end users, by technology, by wavelength, and by geography. Major drivers, restraints, and opportunities have been mentioned to provide an exhaustive picture of the market. Furthermore, the current market trend Read more...
The global laser technology market was valued at US$9.857 billion in 2017 and is projected to expand at a CAGR of 4.84% over the forecast period to reach US$13.089 billion by 2023. Laser technology offers high accuracy with minimum environment effect which is a major factor contributing to the growing popularity of lasers. The recent shift towards the production of nano and micro devices has been instrumental in driving the laser technology market growth. Rapid expansion of industries like he Read more...
The global laser processing market was valued at US$9.291 billion in 2017 and is projected to expand at a CAGR of 9.25% over the forecast period to reach US$15.798 billion by 2023. Laser processing refers to the use of high-intensity light beams in material fabrication which include activities like cutting, engraving, drilling or welding. It is also used in the cleaning purposes using lasers. Increasing applications in medical devices and surgeries are one of the major market drivers. Also, t Read more...
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