LASER (Light Amplification by Simulated Emission of Radiation) technology has been used for various applications such as medical, industrial, military, research, commercial, consumer, automotive, and communication. The purpose of these applications is either scientific/laboratory experiments or the measurement/exploration of distances. Lasers have become robust, compact, and versatile with technological developments. These developments have triggered the commercial and industrial applications. This laser technology market report is segmented on the basis of different laser types, laser processing techniques, and laser applications. Also, it further provides a detailed segmentation analysis of the market based on various geographies. It also briefly explains the market drivers, challenges, opportunities, and trends in the laser technology market and forecasts the market till 2020. The different types of lasers can be divided on basis of the matter of state of the active medium which includes: solid, liquid, or gas; the characteristics of the radiation emitted from the laser; and the number of energy levels which participate in the lasing process.
Currently, North America has captured the laser technology market and according to the forecast, the next emerging region which will move its position upwards by 2020 will be APAC. Japan and Korea are primarily in the broadcasting system industry. China and Brazil will also show a growth and boost in profits.
The report presents detail analysis of different segments for the global Laser technology market which includes product types, resolutions, applications, and geography. The analysis of the global laser technology market is done with a special focus on the high growth in applications in each vertical and the fast growing application market segments. Illustrative segmentation, analysis, and forecast of the major geographic markets give an overall view of the global market used for various applications. However, only a few of these lasers are used for specialized research.CO2 lasers, fiber lasers, and solid state lasers are the most prominent lasers used in the market. Major players of the laser technology market are Trumpf (U.S.), JDS Uniphase Corporation (U.S), Coherent, Inc. (U.S.), Rofin-Sinar (Germany), Cymer, Inc. (U.S.), Newport Corporation (U.S.), and IPG Photonics Corporation (U.S.).