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Report Scope:
The report is a compilation of the existing BCC reports in laser market. The topics analyzed within the report include a detailed breakdown and analysis of the global markets for lasers. The scope of this report extends to sizing of the laser market and an analysis of global market trends with market data for various types of devices at global level in 2018, which is being considered as the base year, 2019 as the estimate year and forecast for 2024 with projection of CAGR from 2019 to 2024.
The report focuses on assessment of laser devices, suppliers and an analysis of companies/ manufacturers and the related system providers. Market dynamics such as drivers, restraints, opportunities and challenges are also discussed in the report.
While this report contains a significant amount of technical information due to the inherent nature of the subject and thus provides information valuable to engineers and scientists, it is primarily aimed at business professionals in field of lasers. These may include manufacturers and their suppliers, financiers and investors, researchers with backgrounds in engineering and sciences, marketing and sales professionals, and others.
This report may also prove valuable to professional analysts, investors, public policy advisors and others who are seeking a better understanding and definition of lasers market.
Report Includes:
- 19 tables
- An overview of global markets and technologies for lasers
- Analyses of global market trends, with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Description of laser properties such as ease of handling, more accuracy and precision, cost effective operation and quality assurance
- Coverage of ion laser, helium-neon (HeNe) laser, and helium-cadmium laser and their applications in several industries
- Information on government regulations and guidelines for the mandatory usage of ultrafast lasers
- Knowledge about usage of lasers in marking medical devices in order to comply with U.S. Food and Drug Administration guidelines
- Comprehensive company profiles of key players in the market, including Applied Companies Inc., Coherent Inc., Hamamatsu Photonics K.K., Newport Corp., Robert Bosch GmbH and Schneider Electric S.A.
Summary
Laser is an acronym for "light amplification by stimulated emission of radiation". The continuing appeal of lasers underlines the strength of their value proposition, which can be summed up as coherent, powerful, and pure light. Lasers constitute what can be termed as the pinnacle of mature markets in the optics domain the technology has a long legacy. Most mainstream laser categories were invented around 50 years ago. The operating philosophy and principles are pretty much the same. Despite this relative calm on the theoretical front, lasers continue to be part of cutting-edge devices across verticals. A cursory look at the applications of lasers reveals that not only are they part of the state-of-the-art,
they are instrumental in driving the state-of-the-art itself.
Specifically, military lasers (lasers with a higher degree of photon output and coherence) such as gas, solid-state and excimer types are used in core industries such as material processing and automotive. Presently, lasers are playing an increasingly important role in the development of many new processes, including guiding munitions and marking targets, missile defense systems, laser lightning displays, communication, and surgery and diagnosis functions.
The healthcare sector has considerable untapped growth opportunities for application of lasers due to increasing health awareness and the demand for minimally invasive surgeries. An increasing demand for three-dimensional (3D) imaging additive manufacturing is also expected to bolster the global demand for lasers. Additionally, the application of military lasers has immense utility in military and aerospace equipment, manufacturing, healthcare and other industries. Directed-energy lasers serve as an important factor for optimization of various existing industrial processes and the developments, to date, have catalyzed future investment plans by both government and nongovernment entities.