出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年4月
Laser Technology Market – Global Forecast to 2029
レーザー技術市場 : レーザーの種類 (固体、気体、液体)、構成 (固定、移動、ハイブリッド)、用途 (レーザー加工、光通信)、垂直 (通信、自動車、医療、産業) ＆地域別 – 2029年までの世界予測
Laser Technology Market by Laser Type (Solid, Gas, Liquid), Configuration (Fixed, Moving, Hybrid), Application (Laser Processing, Optical Communication), Vertical (Telecommunications, Automotive, Medical, Industrial) and Region – Global Forecast to 2029
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| コーポレートライセンス | USD 8,150 |
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| 種別 | 英文調査報告書 |
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Report Overview
The laser technology market is expected to reach USD 29.5 billion by 2029 from USD 20.0 billion in 2024, at a CAGR of 8.0% from 2024–2029.
レーザー技術市場は、2024 年の 200 億米ドルから 2029 年までに 295 億米ドルに達し、2024 ～ 2029 年の CAGR は 8.0% になると予想されています。
Increasing demand for laser technology in healthcare vertical, better performance of laser-based techniques compared with conventional material processing methods, rising preference for laser-based material processing over traditional approaches.
“solid laser segment holds the largest market share throughout the forecast period.”
The laser types are segmented into solid lasers, liquid lasers, gas lasers, and other types. Solid-state lasers have been increasingly utilized in material processing due to their superior performance and efficiency compared to other types of lasers. Specifically, in the realm of laser materials processing, solid-state lasers offer several advantages, making them increasingly popular in various applications. Solid-state lasers, such as diode-pumped solid-state lasers (DPSSL) and fiber lasers, can deliver high-power output levels, enabling faster processing speeds and deeper penetration into materials. This capability is particularly beneficial for cutting, welding, and drilling applications in industries like automotive, aerospace, and metal fabrication.
“Optical communication application is to grow with a higher CAGR during the forecast period.
Enabled by laser technology, optical communication offers unparalleled bandwidth and data transmission speeds, making it essential for supporting the proliferation of smartphones, IoT devices, streaming services, and cloud computing. The deployment of advanced telecommunications services such as 5G and fiber-to-the-home (FTTH) further drives the demand for laser-based optical communication solutions.
“Telecommunications industry is to hold the largest market share of laser technology market in 2023.”
Laser communication provides high data transfer rates with low power consumption and is a highly secure medium for data transmission. In the telecommunications vertical, laser technology is also used for signal strength optimization, precise network design, and proper tower placement. The growing population, increasing broadband penetration, and the necessity for better signal transmission are key factors fueling the adoption of laser technology in the telecommunications vertical in the region.
“The China in holds the largest market share of laser technology market in 2023.”
Asia Pacific comprises China, Japan, India and South Korea. China holds the largest market share in the laser technology market due to its thriving manufacturing industry, extensive investments in research and development (R&D), and booming healthcare sector. The country’s robust manufacturing hub drives significant demand for laser-based solutions across various applications such as cutting, welding, and additive manufacturing. Government initiatives supporting innovation and high-tech industries have fostered the development of advanced laser technologies within China. Additionally, the country’s focus on infrastructure development and the presence of a vast network of laser technology manufacturers and research institutions further strengthen its position as a market leader in laser technology.
The break-up of the profiles of primary participants:
• By Company Type – Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation – C-level Executives – 48%, Directors – 33%, and Others – 19%
• By Region – North America – 35%, Europe – 18%, Asia Pacific – 40%, and Rest of the World – 7%
Major players in the laser technology market include Coherent (US), Trumpf (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics (US) and Jenoptik AG (Germany), and others.
Research Coverage
The report segments the laser technology market by Laser Type, Configuration, Application, Vertical and Region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall laser technology market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of critical drivers (Increasing demand for laser technology in healthcare vertical, better performance of laser-based techniques compared with conventional material processing methods, rising preference for laser-based material processing over traditional approaches, shift toward production of nanodevices and microdevices, growing adoption of smart manufacturing techniques.), restraints (High deployment cost), opportunities (growing use of laser technology for quality checks in various verticals, growing adoption of laser technology for optical communication, emerging application of laser technology in research and development), challenges (environmental challenges related to the utilization of rare earth elements, technical challenges associated to high-power lasers, contamination during laser welding process) influencing the growth of the laser technology market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the laser technology market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the laser technology market across various regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the laser technology market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like include Coherent (US), Trumpf (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics (US) and Jenoptik AG (Germany), and others.
Table of Contents
1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 32
1.3.1 INCLUSIONS AND EXCLUSIONS 32
1.3.2 MARKETS COVERED 32
FIGURE 1 LASER TECHNOLOGY MARKET SEGMENTATION 32
1.3.3 REGIONAL SCOPE 33
1.3.4 YEARS CONSIDERED 33
1.4 CURRENCY CONSIDERED 33
1.5 UNITS CONSIDERED 34
1.6 STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 34
1.8 RECESSION IMPACT 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 LASER TECHNOLOGY MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 List of major secondary sources 36
2.1.1.2 Key data from secondary sources 36
2.1.2 PRIMARY DATA 37
2.1.2.1 Breakdown of primaries 37
2.1.2.2 List of primary interview participants 37
2.1.2.3 Key industry insights 38
2.1.2.4 Key data from primary sources 38
2.1.3 SECONDARY AND PRIMARY RESEARCH 39
FIGURE 3 LASER TECHNOLOGY MARKET: RESEARCH APPROACH 39
2.2 MARKET SIZE ESTIMATION METHODOLOGY 39
2.2.1 BOTTOM-UP APPROACH 40
2.2.1.1 Approach to estimate market size using bottom-up analysis (demand side) 40
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 40
2.2.2 TOP-DOWN APPROACH 41
2.2.2.1 Approach to estimate market size using top-down analysis (supply side) 41
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 41
FIGURE 6 LASER TECHNOLOGY MARKET SIZE ESTIMATION METHODOLOGY 42
2.3 DATA TRIANGULATION 43
FIGURE 7 DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS 44
2.5 RESEARCH LIMITATIONS 44
2.6 RISK ASSESSMENT 44
2.7 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON LASER TECHNOLOGY MARKET 45
3 EXECUTIVE SUMMARY 46
FIGURE 8 LASER TECHNOLOGY MARKET, 2020−2029 46
FIGURE 9 SOLID LASERS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 47
FIGURE 10 HYBRID BEAM SEGMENT DOMINATED MARKET IN 2023 47
FIGURE 11 LASER PROCESSING SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 48
FIGURE 12 TELECOMMUNICATIONS SEGMENT TO DOMINATE MARKET FROM 2024 TO 2029 48
FIGURE 13 ASIA PACIFIC CLAIMED LARGEST MARKET SHARE IN 2023 49
4 PREMIUM INSIGHTS 50
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LASER TECHNOLOGY MARKET 50
FIGURE 14 RISING PREFERENCE FOR LASER-BASED MATERIAL PROCESSING OVER TRADITIONAL MATERIAL PROCESSING METHODS TO DRIVE LASER TECHNOLOGY MARKET 50
4.2 LASER TECHNOLOGY MARKET, BY APPLICATION 50
FIGURE 15 LASER PROCESSING SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 50
4.3 LASER TECHNOLOGY MARKET, BY LASER TYPE 51
FIGURE 16 SOLID LASERS SEGMENT TO DOMINATE MARKET IN 2029 51
4.4 LASER TECHNOLOGY MARKET, BY VERTICAL 51
FIGURE 17 TELECOMMUNICATIONS SEGMENT TO LEAD MARKET FROM 2024 TO 2029 51
4.5 LASER TECHNOLOGY MARKET, BY REGION 52
FIGURE 18 INDIA TO RECORD HIGHEST CAGR IN GLOBAL LASER TECHNOLOGY MARKET DURING FORECAST PERIOD 52
5 MARKET OVERVIEW 53
5.1 INTRODUCTION 53
5.2 MARKET DYNAMICS 53
FIGURE 19 LASER TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 53
5.2.1 DRIVERS 54
5.2.1.1 Growing use in healthcare industry 54
5.2.1.2 High levels of precision and minimized material waste 54
5.2.1.3 Increasing preference for laser-based material processing over conventional methods 55
5.2.1.4 Rising production of nanodevices and microdevices 55
FIGURE 20 GLOBAL SEMICONDUCTOR SILICON MATERIAL SALES, 2020–2022 56
5.2.1.5 Adoption of smart manufacturing techniques 56
5.2.1.6 Growing demand in automotive and manufacturing sectors 57
FIGURE 21 LASER TECHNOLOGY MARKET: IMPACT ANALYSIS OF DRIVERS 58
5.2.2 RESTRAINTS 58
5.2.2.1 High deployment cost 58
5.2.2.2 Shortage of skilled professionals 59
FIGURE 22 LASER TECHNOLOGY MARKET: IMPACT ANALYSIS OF RESTRAINTS 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Application of laser spectroscopy and imaging technologies in various verticals 60
5.2.3.2 Deployment in optical communication 60
5.2.3.3 Ongoing advancements in satellite communications 60
5.2.3.4 Growing applications in research and development 60
FIGURE 23 FIBER BROADBAND SUBSCRIPTION STATISTICS FOR TOP 10 COUNTRIES, 2022 61
FIGURE 24 LASER TECHNOLOGY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 61
5.2.4 CHALLENGES 62
5.2.4.1 Environmental concerns associated with processing and extraction of rare-earth metals 62
5.2.4.2 Requirement for wall plug with high efficiency for long-term CW operations 62
5.2.4.3 Contamination of materials during laser welding process 62
FIGURE 25 LASER TECHNOLOGY MARKET: IMPACT ANALYSIS OF CHALLENGES 63
5.3 SUPPLY CHAIN ANALYSIS 63
FIGURE 26 LASER TECHNOLOGY MARKET: SUPPLY CHAIN ANALYSIS 64
5.4 ECOSYSTEM ANALYSIS 66
FIGURE 27 GLOBAL LASER TECHNOLOGY ECOSYSTEM 66
TABLE 1 ROLE OF PARTICIPANTS IN ECOSYSTEM 67
5.5 INVESTMENT AND FUNDING SCENARIO 68
FIGURE 28 INVESTMENT AND FUNDING SCENARIO, 2023 68
5.6 PRICING ANALYSIS 68
5.6.1 AVERAGE SELLING PRICE OF FIBER LASERS, 2020−2029 69
FIGURE 29 AVERAGE SELLING PRICE OF FIBER LASERS 69
5.6.2 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE, 2023 69
FIGURE 30 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE, 2023 69
TABLE 2 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE 70
5.6.3 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION 70
FIGURE 31 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION, 2021−2023 (USD) 70
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 71
FIGURE 32 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 71
5.8 TECHNOLOGY ANALYSIS 71
5.8.1 KEY TECHNOLOGY 71
5.8.1.1 Adjustable mode beam lasers 71
5.8.1.2 Additive manufacturing locus beam control 72
5.8.2 COMPLEMENTARY TECHNOLOGY 72
5.8.2.1 LiDAR 72
5.8.3 ADJACENT TECHNOLOGY 72
5.8.3.1 Quantum cascade lasers 72
5.9 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 33 LASER TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS 73
TABLE 3 LASER TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS 74
5.9.1 THREAT OF NEW ENTRANTS 74
5.9.2 THREAT OF SUBSTITUTES 74
5.9.3 BARGAINING POWER OF SUPPLIERS 75
5.9.4 BARGAINING POWER OF BUYERS 75
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 75
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 76
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 76
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL 76
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL (%) 76
5.10.2 BUYING CRITERIA 77
FIGURE 35 KEY BUYING CRITERIA, BY VERTICAL 77
5.10.3 KEY BUYING CRITERIA FOR TOP THREE VERTICALS 77
5.11 CASE STUDY ANALYSIS 78
5.11.1 FORMER DSTL INVENTORS MAKE LASER DETECTION AND PROTECTION SYSTEMS FOR DEFENSE AND SECURITY INDUSTRIES 78
5.11.2 LASER MANUFACTURER COLLABORATES WITH DENTON VACUUM TO INTRODUCE E-BEAM EVAPORATION FOR LASER BAR FACET AR AND HR COATING 78
5.11.3 LASER MARKING TECHNOLOGIES CREATE MATERIALS THAT ABSORB INFRARED WAVELENGTH 79
5.12 TRADE ANALYSIS 79
5.12.1 IMPORT DATA 79
FIGURE 36 IMPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 79
5.12.2 EXPORT DATA 80
FIGURE 37 EXPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 80
5.13 PATENT ANALYSIS 81
FIGURE 38 NUMBER OF PATENTS APPLIED AND GRANTED, 2014–2023 81
TABLE 5 LIST OF MAJOR PATENTS APPLIED/GRANTED, 2021–2024 82
5.14 KEY CONFERENCES AND EVENTS, 2024–2025 85
TABLE 6 LASER TECHNOLOGY MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025 85
5.15 REGULATORY LANDSCAPE AND STANDARDS 86
5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 87
TABLE 10 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
5.15.2 STANDARDS 88
5.15.2.1 IEC 60825-1:2014 88
5.15.2.2 ANSI Z136.1 88
5.15.2.3 Federal Laser Product Performance Standard (FLPPS) 88
5.15.2.4 International Commission on Non-Ionizing Radiation Protection (ICNIRP) 89
5.15.2.5 EN 60825 – Safety of Laser Products 89
5.15.2.6 FDA Standards 89
6 RECENT TRENDS AND IMPLEMENTATION AREAS OF LASER TECHNOLOGY 90
6.1 INTRODUCTION 90
6.2 RECENT TRENDS IN LASER TECHNOLOGY 90
6.2.1 FEMTOSECOND LASERS 90
6.2.2 GREEN AND ULTRAFAST LASERS 90
6.2.3 LASER SURFACE TEXTURING 90
6.2.4 LASER CLEANING AND COATING REMOVAL 91
6.2.5 LASER SAFETY TECHNOLOGIES 91
6.2.6 SMART MANUFACTURING AND INDUSTRY 4.0 TECHNOLOGY INTEGRATION 92
6.3 IMPLEMENTATION AREAS OF LASER TECHNOLOGY 92
6.3.1 LASER PRINTERS 92
6.3.2 LASER GYROSCOPES 92
6.3.3 LASER HEADLIGHTS 92
6.3.4 LASER RANGEFINDERS 93
6.3.5 LASER SECURITY SYSTEMS 93
6.3.6 OTHER IMPLEMENTATION AREAS 93
7 LASER PROCESSING COMPONENTS 94
7.1 INTRODUCTION 94
FIGURE 39 LASER PROCESSING COMPONENTS 94
7.2 LASER SYSTEMS 95
7.3 LASERS 96
8 LASER TECHNOLOGY MARKET, BY LASER TYPE 97
8.1 INTRODUCTION 98
FIGURE 40 LASER TECHNOLOGY MARKET, BY LASER TYPE 98
FIGURE 41 SOLID LASERS SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 98
TABLE 11 LASER TECHNOLOGY MARKET, BY LASER TYPE, 2020–2023 (USD MILLION) 99
TABLE 12 LASER TECHNOLOGY MARKET, BY LASER TYPE, 2024–2029 (USD MILLION) 99
8.2 SOLID LASERS 99
TABLE 13 SOLID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 100
TABLE 14 SOLID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 100
TABLE 15 SOLID LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 100
TABLE 16 SOLID LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 101
8.2.1 FIBER LASERS 101
8.2.1.1 Widespread use in telecommunications for transmitting data to drive market 101
TABLE 17 FIBER LASERS: LASER TECHNOLOGY MARKET, 2020–2023 (THOUSAND UNITS) 102
TABLE 18 FIBER LASERS: LASER TECHNOLOGY MARKET, 2024–2029 (THOUSAND UNITS) 102
8.2.2 RUBY LASERS 102
8.2.2.1 Ability to offer short bursts of high-intensity light with no wastage of material to accelerate demand 102
8.2.3 YTTRIUM ALUMINUM GARNET (YAG) LASERS 103
8.2.3.1 Growing demand for high-energy laser beams to fuel market growth 103
8.2.4 SEMICONDUCTOR LASERS 103
8.2.4.1 Increasing applications in metrology, spectroscopy, and laser material processing to boost demand 103
8.2.5 THIN-DISK LASERS 104
8.2.5.1 Ability to produce high output powers with good beam quality to accelerate demand 104
8.3 LIQUID LASERS 104
8.3.1 RISING APPLICATION IN REMOTE SENSING AND MAPPING TECHNOLOGIES TO BOOST DEMAND 104
TABLE 19 LIQUID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 106
TABLE 20 LIQUID LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 106
8.4 GAS LASERS 106
TABLE 21 GAS LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 107
TABLE 22 GAS LASERS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 107
TABLE 23 GAS LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 107
TABLE 24 GAS LASERS: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 108
8.4.1 CO2 LASERS 108
8.4.1.1 Growing deployment in military sector to boost demand 108
8.4.2 EXCIMER LASERS 109
8.4.2.1 Increasing demand for material processing and industrial applications to drive market 109
8.4.3 HELIUM-NEON LASERS 109
8.4.3.1 Low cost and ease of use to boost demand 109
8.4.4 ARGON LASERS 110
8.4.4.1 Rising use in medical procedures to accelerate demand 110
8.4.5 CHEMICAL LASERS 110
8.4.5.1 Growing applications in directed energy weapons and anti-missile systems to drive market 110
8.5 OTHER LASER TYPES 111
TABLE 25 OTHER LASER TYPES: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 111
TABLE 26 OTHER LASER TYPES: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 112
9 LASER TECHNOLOGY MARKET, BY CONFIGURATION 113
9.1 INTRODUCTION 114
FIGURE 42 LASER TECHNOLOGY MARKET, BY CONFIGURATION 114
FIGURE 43 MOVING BEAM SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 114
TABLE 27 LASER TECHNOLOGY MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION) 114
TABLE 28 LASER TECHNOLOGY MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION) 115
9.1.1 FIXED BEAMS 115
9.1.1.1 Increasing use for cutting and welding metals to drive market 115
9.1.2 MOVING BEAMS 115
9.1.2.1 Requirement for rapid and precise laser beam movements to foster segmental growth 115
9.1.3 HYBRID BEAMS 116
9.1.3.1 Need for enhanced efficiency and flexibility of laser technology to expedite segmental growth 116
TABLE 29 COMPARISON OF DIFFERENT LASER TECHNOLOGY CONFIGURATIONS 116
10 LASER TECHNOLOGY MARKET, BY APPLICATION 117
10.1 INTRODUCTION 118
FIGURE 44 LASER TECHNOLOGY MARKET, BY APPLICATION 118
FIGURE 45 LASER PROCESSING SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 119
TABLE 30 LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 119
TABLE 31 LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 119
10.2 LASER PROCESSING 120
10.2.1 GROWING UTILIZATION OF LASER SURFACE ALLOYING IN AUTOMOTIVE AND AEROSPACE INDUSTRIES TO DRIVE MARKET 120
TABLE 32 LASER PROCESSING: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 120
TABLE 33 LASER PROCESSING: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 120
10.2.2 MACRO PROCESSING 121
10.2.2.1 Cutting 121
10.2.2.1.1 Fusion cutting 121
10.2.2.1.2 Flame cutting 121
10.2.2.1.3 Sublimation cutting 122
10.2.2.2 Drilling 122
10.2.2.2.1 Single-pulse drilling 122
10.2.2.2.2 Percussion drilling 122
10.2.2.2.3 Trepanning drilling 123
10.2.2.2.4 Helical drilling 123
10.2.2.3 Welding 123
10.2.2.4 Marking and engraving 123
10.2.3 MICROPROCESSING 123
10.2.4 ADVANCED PROCESSING 124
10.3 OPTICAL COMMUNICATION 124
10.3.1 GROWING DEMAND IN DATA NETWORKING TO BOOST DEMAND 124
TABLE 34 OPTICAL COMMUNICATION: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 125
TABLE 35 OPTICAL COMMUNICATION: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 125
10.4 OPTOELECTRONIC DEVICES 126
10.4.1 RISING APPLICATION IN SENSING AND IMAGING TO DRIVE MARKET 126
TABLE 36 OPTOELECTRONIC DEVICES: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 127
TABLE 37 OPTOELECTRONIC DEVICES: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 127
10.5 OTHER APPLICATIONS 127
TABLE 38 OTHER APPLICATIONS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 128
TABLE 39 OTHER APPLICATIONS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 128
11 LASER TECHNOLOGY MARKET, BY VERTICAL 129
11.1 INTRODUCTION 130
FIGURE 46 LASER TECHNOLOGY MARKET, BY VERTICAL 130
FIGURE 47 TELECOMMUNICATIONS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 131
TABLE 40 LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 131
TABLE 41 LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 132
11.2 TELECOMMUNICATIONS 132
11.2.1 GROWING ADOPTION IN FIBER OPTIC COMMUNICATION TO BOOST DEMAND 132
TABLE 42 TELECOMMUNICATIONS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 133
TABLE 43 TELECOMMUNICATIONS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 133
11.3 INDUSTRIAL 133
11.3.1 INTEGRATION OF LASER SYSTEMS WITH ADVANCED BEAM DELIVERY SYSTEMS AND CNC MACHINERY TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR PLAYERS 133
TABLE 44 INDUSTRIAL: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 134
TABLE 45 INDUSTRIAL: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 134
11.4 SEMICONDUCTOR & ELECTRONICS 135
11.4.1 GROWING DEMAND FOR MINIATURIZED SEMICONDUCTOR COMPONENTS TO BOOST DEMAND 135
TABLE 46 SEMICONDUCTOR & ELECTRONICS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 135
TABLE 47 SEMICONDUCTOR & ELECTRONICS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 136
11.4.2 MEMORY CHIPS 136
11.4.3 MICROPROCESSORS 136
11.4.4 PHOTONIC INTEGRATED CIRCUITS 136
11.5 COMMERCIAL 137
11.5.1 GROWING DEMAND FOR ENHANCED SECURITY IN SMART CARDS TO DRIVE MARKET 137
TABLE 48 COMMERCIAL: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 137
TABLE 49 COMMERCIAL: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 138
11.6 AEROSPACE 138
11.6.1 INCREASED ADOPTION FOR MACHINING AIRCRAFT PARTS TO ACCELERATE MARKET GROWTH 138
TABLE 50 AEROSPACE: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 139
TABLE 51 AEROSPACE: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 139
11.7 AUTOMOTIVE 139
11.7.1 RISING DEMAND FOR SEAM WELDING AND HIGH-STRENGTH STEEL CUTTING IN AUTOMOTIVE INDUSTRY TO FOSTER SEGMENTAL GROWTH 139
TABLE 52 AUTOMOTIVE: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 140
TABLE 53 AUTOMOTIVE: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 140
11.8 MEDICAL 141
11.8.1 INCREASING APPLICATION IN SURGICAL PROCEDURES TO DRIVE DEMAND 141
TABLE 54 MEDICAL: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 141
TABLE 55 MEDICAL: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 142
11.8.2 LASER VISION CORRECTION 142
11.8.3 CONFOCAL MICROSCOPES 142
11.8.4 OPTOGENETICS 143
11.9 RESEARCH 143
11.9.1 GROWING APPLICATION IN CONFOCAL MICROSCOPY AND TWO-PHOTON MICROSCOPY TO DRIVE MARKET 143
TABLE 56 RESEARCH: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 143
TABLE 57 RESEARCH: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 144
11.10 OTHER VERTICALS 144
TABLE 58 OTHER VERTICALS: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 144
TABLE 59 OTHER VERTICALS: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 145
12 LASER TECHNOLOGY MARKET, BY REGION 146
12.1 INTRODUCTION 147
FIGURE 48 INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL LASER TECHNOLOGY MARKET DURING FORECAST PERIOD 147
TABLE 60 LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 147
TABLE 61 LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 148
12.2 NORTH AMERICA 148
12.2.1 IMPACT OF RECESSION ON LASER TECHNOLOGY MARKET IN NORTH AMERICA 148
FIGURE 49 NORTH AMERICA: LASER TECHNOLOGY MARKET SNAPSHOT 149
TABLE 62 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 150
TABLE 63 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 150
TABLE 64 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 151
TABLE 65 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 151
TABLE 66 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 151
TABLE 67 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 152
TABLE 68 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 152
TABLE 69 NORTH AMERICA: LASER TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 152
12.2.2 US 153
12.2.2.1 Growing demand for miniature laser processing devices in healthcare industry to drive market 153
12.2.3 CANADA 153
12.2.3.1 Government-led initiatives to develop, produce, and sell EVs to boost demand 153
12.2.4 MEXICO 154
12.2.4.1 Rising adoption in automobile, aerospace, and electronics to accelerate demand 154
12.3 EUROPE 154
12.3.1 IMPACT OF RECESSION ON LASER TECHNOLOGY MARKET IN EUROPE 155
FIGURE 50 EUROPE: LASER TECHNOLOGY MARKET SNAPSHOT 156
TABLE 70 EUROPE: LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 157
TABLE 71 EUROPE: LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 157
TABLE 72 EUROPE: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 158
TABLE 73 EUROPE: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 158
TABLE 74 EUROPE: LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 158
TABLE 75 EUROPE: LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 159
TABLE 76 EUROPE: LASER TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 159
TABLE 77 EUROPE: LASER TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 159
12.3.2 GERMANY 160
12.3.2.1 Rising use in minimally invasive surgical procedures to drive market 160
12.3.3 FRANCE 160
12.3.3.1 Increasing demand in automotive, telecommunications, and healthcare verticals to fuel market growth 160
12.3.4 UK 160
12.3.4.1 Rising emphasis on reducing greenhouse gas emissions to fuel market growth 160
12.3.5 REST OF EUROPE 161
12.4 ASIA PACIFIC 161
12.4.1 IMPACT OF RECESSION ON LASER TECHNOLOGY MARKET IN ASIA PACIFIC 161
FIGURE 51 ASIA PACIFIC: LASER TECHNOLOGY MARKET SNAPSHOT 162
TABLE 78 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 163
TABLE 79 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 163
TABLE 80 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 164
TABLE 81 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 164
TABLE 82 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 164
TABLE 83 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 165
TABLE 84 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 165
TABLE 85 ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 165
12.4.2 CHINA 166
12.4.2.1 Growing use in semiconductor chip manufacturing processes to propel market growth 166
12.4.3 JAPAN 166
12.4.3.1 Presence of prominent automobile and electronic companies to drive market 166
12.4.4 INDIA 166
12.4.4.1 Government-led projects to boost domestic manufacturing to fuel market growth 166
12.4.5 SOUTH KOREA 167
12.4.5.1 Consumer electronics and automotive industries to offer lucrative growth opportunities for market players 167
12.4.6 REST OF ASIA PACIFIC 167
12.5 ROW 167
12.5.1 IMPACT OF RECESSION ON LASER TECHNOLOGY MARKET IN ROW 167
TABLE 86 ROW: LASER TECHNOLOGY MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 168
TABLE 87 ROW: LASER TECHNOLOGY MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 168
TABLE 88 ROW: LASER TECHNOLOGY MARKET, BY TYPE, 2020–2023 (USD MILLION) 169
TABLE 89 ROW: LASER TECHNOLOGY MARKET, BY TYPE, 2024–2029 (USD MILLION) 169
TABLE 90 ROW: LASER TECHNOLOGY MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 169
TABLE 91 ROW: LASER TECHNOLOGY MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 170
TABLE 92 ROW: LASER TECHNOLOGY MARKET, BY REGION, 2020–2023 (USD MILLION) 170
TABLE 93 ROW: LASER TECHNOLOGY MARKET, BY REGION, 2024–2029 (USD MILLION) 170
12.5.2 SOUTH AMERICA 171
12.5.2.1 Investments in laser technology and infrastructure to drive market 171
12.5.3 GCC COUNTRIES 171
12.5.3.1 Growing demand for light weight cars to drive market 171
12.5.4 AFRICA & REST OF MIDDLE EAST 171
12.5.4.1 Increasing use of EVs to offer lucrative growth opportunities for market players 171
13 COMPETITIVE LANDSCAPE 172
13.1 OVERVIEW 172
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2024 172
TABLE 94 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2022–2024 172
13.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022 174
FIGURE 52 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022 174
13.4 LASER TECHNOLOGY MARKET SHARE ANALYSIS, 2023 174
TABLE 95 LASER TECHNOLOGY MARKET: DEGREE OF COMPETITION, 2023 175
FIGURE 53 LASER TECHNOLOGY MARKET SHARE ANALYSIS, 2023 175
13.5 COMPANY VALUATION AND FINANCIAL METRICS 176
FIGURE 54 LASER TECHNOLOGY MARKET: COMPANY VALUATION 176
FIGURE 55 LASER TECHNOLOGY MARKET: FINANCIAL METRICS 177
13.6 BRAND/PRODUCT COMPARISON 177
FIGURE 56 BRAND/PRODUCT COMPARISON 177
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 178
13.7.1 STARS 178
13.7.2 EMERGING LEADERS 178
13.7.3 PERVASIVE PLAYERS 178
13.7.4 PARTICIPANTS 178
FIGURE 57 LASER TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 179
13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 180
13.7.5.1 Overall company footprint 180
FIGURE 58 LASER TECHNOLOGY MARKET: COMPANY FOOTPRINT 180
13.7.5.2 Laser type footprint 181
TABLE 96 LASER TECHNOLOGY MARKET: LASER TYPE FOOTPRINT 181
13.7.5.3 Application footprint 182
TABLE 97 LASER TECHNOLOGY MARKET: APPLICATION FOOTPRINT 182
13.7.5.4 Vertical footprint 183
TABLE 98 LASER TECHNOLOGY MARKET: VERTICAL FOOTPRINT 183
13.7.5.5 Region footprint 184
TABLE 99 LASER TECHNOLOGY MARKET: REGION FOOTPRINT 184
13.8 COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 185
13.8.1 PROGRESSIVE COMPANIES 185
13.8.2 RESPONSIVE COMPANIES 185
13.8.3 DYNAMIC COMPANIES 185
13.8.4 STARTING BLOCKS 185
FIGURE 59 LASER TECHNOLOGY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 186
13.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 187
13.8.5.1 List of key startups/SMEs 187
TABLE 100 LASER TECHNOLOGY MARKET: LIST OF KEY STARTUPS/SMES 187
13.8.5.2 Competitive benchmarking of key startups/SMEs 188
TABLE 101 LASER TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 188
13.9 COMPETITIVE SCENARIOS AND TRENDS 188
13.9.1 PRODUCT LAUNCHES 188
TABLE 102 LASER TECHNOLOGY MARKET: PRODUCT LAUNCHES, SEPTEMBER 2021–JANUARY 2024 188
13.9.2 DEALS 189
TABLE 103 LASER TECHNOLOGY MARKET: DEALS, SEPTEMBER 2021–JANUARY 2024 189
14 COMPANY PROFILES 191
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
14.1 KEY PLAYERS 191
14.1.1 COHERENT CORP. 191
TABLE 104 COHERENT CORP.: COMPANY OVERVIEW 191
FIGURE 60 COHERENT CORP.: COMPANY SNAPSHOT 192
TABLE 105 COHERENT CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 193
TABLE 106 COHERENT CORP.: PRODUCT LAUNCHES 194
14.1.2 TRUMPF 196
TABLE 107 TRUMPF: COMPANY OVERVIEW 196
FIGURE 61 TRUMPF: COMPANY SNAPSHOT 197
TABLE 108 TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197
TABLE 109 TRUMPF: PRODUCT LAUNCHES 198
14.1.3 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD 200
TABLE 110 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY OVERVIEW 200
FIGURE 62 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY SNAPSHOT 200
TABLE 111 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201
TABLE 112 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: PRODUCT LAUNCHES 202
TABLE 113 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: DEALS 202
14.1.4 IPG PHOTONICS CORPORATION 204
TABLE 114 IPG PHOTONICS CORPORATION: COMPANY OVERVIEW 204
FIGURE 63 IPG PHOTONICS CORPORATION: COMPANY SNAPSHOT 205
TABLE 115 IPG PHOTONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 205
TABLE 116 IPG PHOTONICS CORPORATION: PRODUCT LAUNCHES 206
14.1.4.3.2 Deals 207
TABLE 117 IPG PHOTONICS CORPORATION: DEALS 207
14.1.5 JENOPTIK AG 209
TABLE 118 JENOPTIK AG: COMPANY OVERVIEW 209
FIGURE 64 JENOPTIK AG: COMPANY SNAPSHOT 210
TABLE 119 JENOPTIK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211
TABLE 120 JENOPTIK AG: PRODUCT LAUNCHES 211
TABLE 121 JENOPTIK AG: DEALS 212
TABLE 122 JENOPTIK: OTHERS 212
14.1.6 600 GROUP PLC 214
TABLE 123 600 GROUP PLC: COMPANY OVERVIEW 214
FIGURE 65 600 GROUP PLC: COMPANY SNAPSHOT 215
TABLE 124 600 GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
14.1.7 BYSTRONIC GROUP 217
TABLE 125 BYSTRONIC GROUP: COMPANY OVERVIEW 217
FIGURE 66 BYSTRONIC GROUP: COMPANY SNAPSHOT 217
TABLE 126 BYSTRONIC GROUP: PRODUCT/SOLUTIONS/SERVICES OFFERED 218
TABLE 127 BYSTRONIC GROUP: PRODUCT LAUNCHES 218
14.1.8 EPILOG LASER 219
TABLE 128 EPILOG LASER: COMPANY OVERVIEW 219
TABLE 129 EPILOG LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED 219
TABLE 130 EPILOG LASER: PRODUCT LAUNCHES 220
TABLE 131 EPILOG LASER: EXPANSIONS 221
14.1.9 EUROLASER GMBH 222
TABLE 132 EUROLASER GMBH: COMPANY OVERVIEW 222
TABLE 133 EUROLASER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222
14.1.10 GRAVOTECH MARKING 223
TABLE 134 GRAVOTECH MARKING: COMPANY OVERVIEW 223
TABLE 135 GRAVOTECH MARKING: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223
TABLE 136 GRAVOTECH MARKING: PRODUCT LAUNCHES 224
14.1.11 LASERSTAR TECHNOLOGIES CORPORATION 225
TABLE 137 LASERSTAR TECHNOLOGIES CORPORATION: COMPANY OVERVIEW 225
TABLE 138 LASERSTAR TECHNOLOGIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
14.1.12 LUMIBIRD 227
TABLE 139 LUMIBIRD: COMPANY OVERVIEW 227
FIGURE 67 LUMIBIRD: COMPANY SNAPSHOT 228
TABLE 140 LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 141 LUMIBIRD: PRODUCT LAUNCHES 229
TABLE 142 LUMIBIRD: DEALS 230
14.1.13 LUMENTUM OPERATIONS LLC 231
TABLE 143 LUMENTUM OPERATIONS LLC: COMPANY OVERVIEW 231
FIGURE 68 LUMENTUM OPERATIONS LLC: COMPANY SNAPSHOT 232
TABLE 144 LUMENTUM OPERATIONS LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 232
TABLE 145 LUMENTUM OPERATIONS LLC: PRODUCT LAUNCHES 233
TABLE 146 LUMENTUM OPERATION LLC: DEALS 233
TABLE 147 LUMENTUM OPERATION LLC: OTHERS 233
14.1.14 MKS INSTRUMENTS 234
TABLE 148 MKS INSTRUMENTS: COMPANY OVERVIEW 234
FIGURE 69 MKS INSTRUMENTS: COMPANY SNAPSHOT 235
TABLE 149 MKS INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 235
TABLE 150 MKS INSTRUMENTS: PRODUCT LAUNCHES 236
TABLE 151 MKS INSTRUMENTS: DEALS 236
14.1.15 NOVANTA INC. 237
TABLE 152 NOVANTA INC.: COMPANY OVERVIEW 237
FIGURE 70 NOVANTA INC.: COMPANY SNAPSHOT 238
TABLE 153 NOVANTA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 238
TABLE 154 NOVANTA INC.: PRODUCT LAUNCHES 239
TABLE 155 NOVANTA INC.: DEALS 239
14.2 OTHER PLAYERS 240
14.2.1 ALPHALAS GMBH 240
14.2.2 APPLIED LASER TECHNOLOGY, INC 241
14.2.3 ARIMA LASERS CORP. 241
14.2.4 FOCUSLIGHT TECHNOLOGIES INC. 242
14.2.5 INNO LASER TECHNOLOGY CO., LTD. 242
14.2.6 NKT PHOTONICS A/S 243
14.2.7 PHOTONICS INDUSTRIES INTERNATIONAL.INC. 243
14.2.8 SFX STORE 244
14.2.9 TOPTICA PHOTONICS AG 244
14.2.10 VESCENT 245
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
15 ADJACENT MARKET 246
15.1 INTRODUCTION 246
15.2 FIBER OPTICS MARKET 246
FIGURE 71 GLASSES SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 246
TABLE 156 FIBER OPTICS MARKET, BY FIBER TYPE, 2018–2021 (USD MILLION) 247
TABLE 157 FIBER OPTICS MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION) 247
TABLE 158 FIBER OPTICS MARKET, BY FIBER TYPE, 2018–2021 (MILLION FIBER KILOMETER) 247
TABLE 159 FIBER OPTICS MARKET, BY FIBER TYPE, 2022–2027 (MILLION FIBER KILOMETER) 247
15.3 GLASSES 248
15.3.1 LOW INTRINSIC ABSORPTION PROPERTIES OF GLASSES TO BOOST DEMAND 248
FIGURE 72 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 248
TABLE 160 GLASSES: FIBER OPTICS MARKET, BY REGION, 2018–2021 (USD MILLION) 249
TABLE 161 GLASSES: FIBER OPTICS MARKET, BY REGION, 2022–2027 (USD MILLION) 249
TABLE 162 GLASSES: FIBER OPTICS MARKET, BY REGION, 2018–2021 (MILLION FIBER KILOMETER) 249
TABLE 163 GLASSES: FIBER OPTICS MARKET, BY REGION, 2022–2027 (MILLION FIBER KILOMETER) 250
15.4 PLASTICS 250
15.4.1 SUITABILITY FOR INDUSTRIAL AND AUTOMOTIVE LIGHTING APPLICATIONS TO DRIVE MARKET 250
FIGURE 73 ASIA PACIFIC TO DOMINATE PLASTIC FIBER OPTICS MARKET FROM 2024 TO 2029 251
TABLE 164 PLASTICS: FIBER OPTICS MARKET, BY REGION, 2018–2021 (USD MILLION) 251
TABLE 165 PLASTICS: FIBER OPTICS MARKET, BY REGION, 2022–2027 (USD MILLION) 251
TABLE 166 PLASTICS: FIBER OPTICS MARKET, BY REGION, 2018–2021 (MILLION FIBER KILOMETER) 252
TABLE 167 PLASTICS: FIBER OPTICS MARKET, BY REGION, 2022–2027 (MILLION FIBER KILOMETER) 252
16 APPENDIX 253
16.1 INSIGHTS FROM INDUSTRY EXPERTS 253
16.2 DISCUSSION GUIDE 253
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 256
16.4 CUSTOMIZATION OPTIONS 258
16.5 RELATED REPORTS 258
16.6 AUTHOR DETAILS 259
Table of Contents