Global Laser Market Driven by the Increasing use of Optical Fibers for Communication Applications: Technavio
According to the latest study released by Technavio,
the global
laser market is expected to grow at a CAGR of almost 6%
during the forecast period.
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Technavio has published a new report on the global laser market from 2017-2021. (Photo: Business Wire)
This research report titled ‘Global
Laser Market 2017-2021’ provides an in-depth analysis of the
market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.
|
Global laser market is expected to grow to USD 6.53 billion by
2021, where APAC will help generate maximum revenue. More than 55%
of the incremental growth will be from APAC, driven by the
semiconductor foundries, fabless semiconductor companies, and
consumer electronic device manufacturers set up there.
|
One of the key driving factors of the laser market is the increasing
optical fiber communication network connections. Optical fibers are
flexible, thin, susceptible to electromagnetic interference, and are
durable, which makes them ideal for use in remote environments, from
underground ducts to overhead electricity lines. These characteristics
of optical fibers are driving for its adoption in industries such as aerospace
and defense, mining, oil
and gas, telecommunication, transportation, and utilities to
build their communication network infrastructure using fiber optics.
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Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Based on product type, the report categorizes the global laser market
into the following segments:
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CO2 laser
-
Fiber laser
-
SSL
-
Others
The top three revenue-generating product segments in the global laser
market are discussed below:
CO2 laser
“CO₂ lasers are widely preferred due to their low cost per watt
and good beam quality. They are available with a wide range of average
output powers, which makes them suitable for several applications like
cutting, metal welding, and marking. The high absorption of their
infrared radiation by materials such as cloth, ceramics, glass, oxides,
paper, plastics, and stones make it easy for end-users in the marking of
products with date of manufacture and expiration and serial numbers,”
says Navin Rajendra, one of the lead analysts at Technavio for embedded
systems research.
The miniaturization of electronic devices is also driving the demand for
low-power lasers for drilling holes in printed circuit boards (PCBS),
where manufacturers are increasingly using CO₂ lasers for generating the
electrical connection between the layers in a multilayer circuit board.
High-power CO₂ lasers are extensively employed in the manufacturing
sector such as the automotive
industry for cutting, drilling, and welding ferrous and
non-ferrous metals.
Fiber laser
The global
fiber laser market is expected to grow at a CAGR of 11.65%
during the forecast period, with several companies introducing fiber
lasers in their production line. Their popularity is driven by their
ability to produce a minuscule focal diameter, resulting in high beam
intensity up to 100 times more than that of CO₂ lasers with the same
emitted average power. They also offer end-users low price per watt, low
power consumption, and minimum maintenance with the high-beam quality,
and are best suited for cutting aluminum and copper alloys with high
processing speeds at a low cost.
“Additionally, many technological advances are being made in the
fiber laser, which is leading to the development of technologically
advanced fiber lasers. These are capable of cutting metal even beyond 5
mm thickness and can be used in applications that require a pulse of
high-peak laser energy, such as for welding, cutting, and drilling, with
the added ability to operate in the continuous mode. These developments
in fiber laser will increase the market share of fiber lasers during the
forecast period,” says Navin.
Solid state laser
Solid-state
laser (SSL) use pump diodes, which have a lifespan of over 1200
hours. This segment held more than 16% of the market share is 2016, with
major demand from the healthcare
sector. SSL is used in many surgical procedures such as for skin
rejuvenation. Neodymium-doped yttrium aluminum garnet solid-state lasers
also find utility in general surgery and ophthalmology, where they are
used for cutting tissues, while ruby solid-state lasers are used in
plastic surgery and dermatology.
The top vendors highlighted by Technavio’s research analysts in this
report are:
-
Coherent
-
FANUC
-
Han’s Laser Technology
-
IPG Photonics
-
Jenoptik
-
Lumentum Operations
-
Newport
-
Photonics Industries International
-
ROFIN-SINAR
-
TRUMPF
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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