Laser Technology Market Size, Share, Opportunities, And Trends By Type (Gas Laser, Liquid Laser, Solid Laser, Others), By Application (Laser Processing, Optical Communications, Others), By End-Use Industry (Telecommunications, Industrial, Semiconductor & Electronics, Aerospace & Defense, Automotive, Medical, Research, Others), And By Geography - Forecasts From 2025 To 2030
- Published : Mar 2025
- Report Code : KSI061610300
- Pages : 147
Laser Technology Market Size:
The Laser Technology Market will grow at a CAGR of 6.80% to be valued at US$30.17 billion in 2030 from US$21.71 billion in 2025.
Laser technology offers high accuracy with the minimum environmental effect, which is a major factor contributing to the growing popularity of lasers. The recent shift towards the production of nano and microdevices is anticipated to be instrumental in driving the laser technology market growth during the forecast period. The use of advanced equipment in industries like healthcare, food and beverage, metallurgy, and others is increasing the adoption of different types of lasers for various applications by key industry players. The adoption of lasers in the healthcare industry is expanding rapidly because they offer significant improvements in treating diseases over conventional methods.
The outbreak of the novel coronavirus disease had a negative impact on the laser technology market. The manufacturing facilities were shut down in many parts of the world to curb the spread of coronavirus, which led to a decline in market growth. The travel restrictions also led to supply chain disruptions, which harmed the market. Moreover, even after the re-opening of the manufacturing facilities, a dearth of laborers was reported in many places, further diminishing the laser technology market size during the pandemic.
Laser Technology Market Drivers:
- Rising use of lasers in healthcare.
With advancements in healthcare, the use of lasers in the medical sector is becoming increasingly prominent, propelling the global laser technology market growth during the forecast period. Lasers are being used in cosmetic surgery (to remove tattoos, scars, stretch marks, sunspots, wrinkles, birthmarks, spider veins, or hair), refractive eye surgery (to reshape the cornea to correct or improve vision as in LASIK, or PRK), dental procedures (such as endodontic/periodontic procedures, tooth whitening, and oral surgery), general surgery (such as tumor removal, cataract removal, breast surgery, plastic surgery, and most other surgical procedures), among many other procedures.
With continuous research and developments, advancements are being made in laser technology, further boosting the adoption of laser technology in healthcare and, consequently, augmenting its market expansion. UCI Health urologists reported in the Journal of Endourology in May 2021 that they have tested a new laser technology named super-pulsed thulium fiber laser. This can destroy even big kidney stones to dust that can be suctioned or flushed from the body. It is stated that the new laser technology targets the water in the stones, enabling the breakdown of the stone the size of a human thumb into dust particles of 100 microns or less.
- Advantages over traditional material processing.
One of the major factors anticipated to drive the growth of the global laser technology market during the forecast period is the advantages of laser material processing over traditional methods. With the rise in the demand for miniaturization of microelectronics, laser cutting is increasingly being used. These cutters have extremely high accuracy and precision, which is required where tolerances are extremely tight. It operates at high speed and produces products without the need for retooling.
Furthermore, laser welding provides higher strength as it is narrow and has an excellent depth-to-width ratio. The heat-affected zone is limited, and the surrounding material is not annealed due to rapid cooling. Moreover, lasers allow the drilling of several materials, from rubber and wood to very hard metals such as diamonds and ceramics. A large depth-diameter ratio can be obtained by laser drilling. Many such advantages provided by the use of laser in material processing, coupled with the miniaturization of microelectronics prompting an increased need for precision, are projected to surge the global laser technology market’s growth.
Laser Technology Market Geographical Analysis:
- Asia Pacific is predicted to hold a significant market share.
Geographically, the Asia Pacific region is anticipated to hold a significant market share. It is projected to witness the fastest growth owing to the use of laser processing in manufacturing, largely in China. The increasing investments by various market players and rising expenditure for research and development for developing novel products are further expected to propel market growth. Furthermore, the growth of end-use industries such as electronics, healthcare, and construction is also boosting the regional market expansion.
Laser Technology Market Key Development:
- In January 2025, Fonon Technologies, a global leader in advanced laser technology, launched a cutting-edge laser tech designed for material processing and defense infrastructure. The company stated that the latest technology features overheat protection of the system and a compact scanning head.
Laser Technology Market Scope:
| Report Metric | Details |
| Laser Technology Market Size in 2025 | US$21.71 billion |
| Laser Technology Market Size in 2030 | US$30.17 billion |
| Growth Rate | CAGR of 6.80% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
|
| Geographical Segmentation | Americas, Europe, Middle East, and Africa, Asia Pacific |
| List of Major Companies in Laser Technology Market |
|
| Customization Scope | Free report customization with purchase |
The Laser Technology Market is analyzed into the following segments:
By Type
- Gas Laser
- Liquid Laser
- Solid Laser
- Others
By Application
- Laser Processing
- Optical Communications
- Others
By End-user Industry
- Telecommunications
- Industrial
- Semiconductor & Electronics
- Aerospace & Defense
- Automotive
- Medical
- Research
- Others
By Geography
- Americas
- USA
- Europe, Middle East, and Africa
- Germany
- Netherlands
- Others
- Asia Pacific
- China
- Japan
- Taiwan
- South Korea
- Others
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Frequently Asked Questions (FAQs)
The laser technology market is expected to grow at a CAGR of 6.80% during the forecast period.
The laser technology market is driven by industrial automation, medical advancements, 5G, defense applications, and rising demand for LiDAR.
The North American region is anticipated to hold a significant share of the laser technology market.
The laser technology market has been segmented by Type, Application, End-user, Industry, and Geography.
Prominent key market players in the laser technology market include Toptica Photonics, LUMIBIRD Group, Epilog Laser, Jenoptik AG, Newport Corporation, Coherent, Inc., TRUMPF Group, Lumentum Holdings Inc., IPG Photonics Corporation, Gravotech, and among others.
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
2.1. Market Overview
2.2. Market Definition
2.3. Scope of the Study
2.4. Market Segmentation
3. BUSINESS LANDSCAPE
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Industry Value Chain Analysis
3.6. Policies and Regulations
3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. LASER TECHNOLOGY MARKET BY TYPE
5.1. Introduction
5.2. Gas Laser
5.3. Liquid Laser
5.4. Solid Laser
5.5. Others
6. LASER TECHNOLOGY MARKET BY APPLICATION
6.1. Introduction
6.2. Laser Processing
6.3. Optical Communications
6.4. Others
7. LASER TECHNOLOGY MARKET BY END-USER INDUSTRY
7.1. Introduction
7.2. Telecommunications
7.3. Industrial
7.4. Semiconductor & Electronics
7.5. Aerospace & Defense
7.6. Automotive
7.7. Medical
7.8. Research
7.9. Others
8. LASER TECHNOLOGY MARKET BY GEOGRAPHY
8.1. Introduction
8.2. Americas
8.2.1. By Type
8.2.2. By Application
8.2.3. By End-Use Industry
8.2.4. By Country
8.2.4.1. USA
8.3. Europe, Middle East, and Africa
8.3.1. By Type
8.3.2. By Application
8.3.3. By End-Use Industry
8.3.4. By Country
8.3.4.1. Germany
8.3.4.2. Netherland
8.3.4.3. Others
8.4. Asia Pacific
8.4.1. By Type
8.4.2. By Application
8.4.3. By End-Use Industry
8.4.4. By Country
8.4.4.1. China
8.4.4.2. Japan
8.4.4.3. Taiwan
8.4.4.4. South Korea
8.4.4.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Toptica Photonics
10.2. LUMIBIRD Group
10.3. Epilog Laser
10.4. Jenoptik AG
10.5. Newport Corporation
10.6. Coherent, Inc.
10.7. TRUMPF Group
10.8. Lumentum Holdings Inc.
10.9. IPG Photonics Corporation
10.10. Gravotech
10.11. II-VI Incorporated
10.12. Han's Laser Technology Industry Group Co., Ltd.
11. APPENDIX
11.1. Currency
11.2. Assumptions
11.3. Base and Forecast Years Timeline
11.4. Key benefits for the stakeholders
11.5. Research Methodology
11.6. Abbreviations
Toptica Photonics
LUMIBIRD Group
Epilog Laser
Jenoptik AG
Newport Corporation
Coherent, Inc.
TRUMPF Group
Lumentum Holdings Inc.
IPG Photonics Corporation
Gravotech
II-VI Incorporated
Han's Laser Technology Industry Group Co., Ltd.
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