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 healt 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, the Read more...
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