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Laser Technology Market Worth 15.38 Billion USD by 2022


News provided by

MarketsandMarkets

08 May, 2017, 13:30 GMT

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PUNE, India, May 8, 2017 /PRNewswire/ --

According to the new market research report on the "Laser Technology Market by Type (Solid, Liquid, & Gas), Application (Optical communication & laser processing), Vertical (Commercial, Telecom, Research, Defense, Medical, Automotive, Electronics, & Industrial), & Geography - Global Forecast to 2022", published by MarketsandMarkets™, this market is expected to be valued at USD 15.38 Billion by 2022, at a CAGR of 5.2% between 2017 and 2022.

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Browse 64 market data Tables and 60 Figures spread through 145 Pages and in-depth TOC on "Laser Technology Market"

http://www.marketsandmarkets.com/Market-Reports/laser-technology-market-795.html

Early buyers will receive 10% customization on this report.

Solid laser expected to have the largest market size by 2022 

Solid laser accounted for the largest share of the laser technology market based on type segment in 2016. This growth can be attributed to the ability of solid laser to prevent material wastage when in the active medium and produce both continuous and pulsed output at a higher efficiency. Moreover, solid laser can be used in applications such as drilling holes in metals and endoscopy.

Optical communication application to grow at the highest rate during the forecast period 

The laser technology market for optical communication application is expected to grow at the highest rate during the forecast period. Laser technology is used in high-speed transmission of data in digital and analog fiber optic networks, which makes it suitable for the optical communication. This factor is expected to drive the growth of this market during 2017-2022.

Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=795

Laser technology market for the commercial vertical is expected to grow at the highest rate during the forecast period 

The laser technology market for the commercial vertical is expected to grow at the highest rate between 2017 and 2022. This high market growth rate can be attributed to the increasing use of laser technology in laser projectors, smart card, signage devices, printers, awards and gifts modeling, and barcode marking.

APAC expected to hold the largest share of the laser technology market during the forecast period 

Asia Pacific (APAC) is expected to hold the largest share of the laser technology market during 2017-2022. This growth can be attributed to the increasing demand for cost-effective and fast processing laser machine tools from the semiconductor, industrial, telecommunication, and automotive vertical. Cost advantages and initiatives by different countries in this region are expected to boost the domestic manufacturing and provide further impetus for the growth of the laser technology market.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=795

The report also profiles the most promising players in the laser technology market. The competitive landscape of this market presents an interesting picture where a large number of big and small players have become a force to reckon with. The key players in this market are Coherent, Inc. (US), IPG Photonics Corp. (US), Trumpf Group (Germany), Lumentum Holdings Inc. (US), Jeanoptik AG (Germany), Novanta Inc (US), Quantel Group (UK), LasaerStar Technologies Corp. (US), Epilog Laser (US), and MKS Instruments (US).

Browse Related Reports 

Laser Processing Market by Type (Solid, Liquid, Gas), Application (Laser Cutting, Laser Welding, Laser Drilling, Laser Engraving & Marking, Microprocessing, Advance processing), Vertical & Geography - Global Forecasts to 2022
http://www.marketsandmarkets.com/Market-Reports/Laser-Cutting-Boring-and-Engraving-Machines-Market-611.html

Quantum Cascade Lasers Market by Packaging Type (C-Mount, HHL & VHL Package, TO3 Package), Operation Mode (Continuous Wave, Pulsed), Fabrication Technology (Fabry-Perot, Distributed Feedback, Tunable External Cavities), End-User - Global forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/quantum-cascade-laser-market-163177255.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.  



Contact:
Mr. Rohan
MarketsandMarkets™
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Suite 2175, Seattle,
WA 98101, United States
Tel : +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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