Expanding Applications Drive the Global Laser Systems Market, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Laser Systems. The global market for Laser Systems is forecast to reach US$15.9 billion by 2020, driven by expanding end-use applications.

Laser Systems: A Global Strategic Business Report

Follow us on LinkedIn – As one of the most important inventions of the 20th century, laser technology has changed modern lives and still continues to remain at the forefront of numerous new technology breakthroughs in the 21st century. Defined as optical light amplification through stimulated emission of electromagnetic radiation, lasers are today widely used in several scientific, military, medical, industrial and commercial applications. The ubiquity of lasers can be put into perspective by the fact that the technology today impacts every aspect of life from medicine, manufacturing, communications, measurement, research & analysis to entertainment. The manufacturing industry represents the largest end-use of the technology with laser finding widespread use in high precision cutting and welding applications. The last two decades witnessed robust growth in demand for laser systems supported by the technology’s proficiency in machining jobs such as cutting, and welding. Years of progressive technological developments have made lasers more versatile, robust and compact thus expanding their applications beyond manufacturing. Few of the emerging application areas include measurement and analysis, defense and national security, medicine and health, energy, smart materials, communications, and environment and climate.

In measurement and analysis applications, lasers are used to measure and mark construction sites & highways, analyze physical structures, detect biochemical hazards. In the healthcare industry, lasers find critical applications in complex surgeries in fields encompassing dentistry, neurology, cardiology, dermatology, and ophthalmology, among others. In the energy generation industry, lasers are used to ignite nuclear fusion and are currently being researched for use in the development of solar cells. Lasers are also used to monitor the level of greenhouse gases in the environment. In the telecommunication sector, lasers power fiber optics networks which are rapidly replacing copper-wire networks. Specific to the use of laser systems in material processing, demand is poised to benefit from the development of laser diode solutions. Defined as semiconductor lasers, diode lasers are based on diode structure and offer efficiency levels over 30% higher than lasers with conventional configurations. In the industrial sector, rising demand for advanced automation and control systems, improvements in instrumentation and standardization of equipment, will continue to fuel demand for high power laser diode systems. Growth will also stem from the consumer electronics sector, spearheaded by the high demand for smartphones and tablet PCs.

Over the years, lasers have evolved into potent tools for effective material processing. The numerous advantages of lasers including their compatibility for use with a wide range of materials are encouraging a shift in preference away from conventional processing technology towards laser technology. From cutting and shaping complex and delicate cardiovascular stents, wielding thick steel in shipbuilding applications, to precision drilling of guide vanes in the manufacture of aerospace components, lasers offer unrivalled performance and cost benefits. The development of fiber lasers has additionally extended the reliability of lasers in manufacturing applications. Fiber lasers are making an impact on high-speed drilling in silicon, in addition, to marking and engraving applications in metals, plastics, and ceramics. Reconfigurable laser micro processing platforms are growing in popularity in semiconductor manufacturing and for structuring and polishing of large 3D material surfaces.

As stated by the new market research report on Laser Systems, Asia-Pacific represents the largest market worldwide. The region also ranks as the fastest growing market with a CAGR of 9.9 % over the analysis period. Strengthening GDP, rapid industrialization, expanding manufacturing base, along with rapidly growing electronics, semiconductor and automotive end-use industries, represent key growth drivers in the region.

Key players covered in the report include Amada Miyachi Co., Ltd., Bystronic Inc., Coherent Inc., DPSS Lasers Inc., Epilog Laser Inc., Eurolaser GMBH, GSI Group Inc., Han’s Laser Technology Co., Ltd., Huangongtech Co., Ltd., IPG Photonics Corporation, Jenoptik AG, LaserStar Technologies, Mazak Optonics Corporation, Mehta Cad Cam Systems Pvt. Ltd., Mitsuboshi Diamond Industrial Co., Ltd., Newport Corporation, PRIMA INDUSTRIE S.p.A., Redsail Technology Co. Ltd., ROFIN-SINAR Technologies Inc., Sahajanand Laser Technology Ltd., SEI Laser S.P.A, Shenzhen Sunshine Laser & Electronics Technology Co., Ltd., Trotec Laser Inc., and TRUMPF Group among others.

The research report titled “Laser Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, regulations, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan & Rest of Asia-Pacific), the Middle East & Africa, and Latin America (Brazil and Rest of Latin America). The report analyzes Laser Systems by Application including Engraving/Marking, High Power Cutting & Welding, and Others (Includes Micro Processing, Low Power Macro Processing, and Low Power Fine Processing among Others). End-Use Industries for Laser Systems analyzed include Metalworking/Processing/Fabrication Job Shops, Electronics/Electrical Industry, and Others (Includes Automotive, and Non-Metal Processing among Others).

For more details about this comprehensive market research report, please click here

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/


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