Home > Industrial Machinery > Industrial Equipment > Tools > Laser Technology Market

Laser Technology Market Share

Report ID: GMI9647
Published Date: May 2024
Report Format: PDF

Download Free Sample

Laser Technology Market Share

Coherent, Inc. and IPG Photonics Corporation hold a significant share of over 8% in the laser technology industry. Coherent, Inc. is a global provider of lasers and laser-based technology for scientific, commercial, and industrial customers. The company offers a comprehensive range of laser solutions including CO2, excimer, fiber, diode-pumped solid-state, and ultrafast lasers. These technologies are widely used in applications such as materials processing, microelectronics, life sciences, and research. Coherent is committed to innovation, quality, and customer service, driving advancements across multiple industries.

IPG Photonics Corporation is a pioneering manufacturer of high-performance fiber lasers and amplifiers. IPG provides cutting-edge technology in fiber lasers, which are used extensively in material processing, medical applications, telecommunications, and advanced manufacturing. The company's fiber lasers offer superior performance, efficiency, and reliability compared to traditional laser technologies, making them ideal for precision tasks such as cutting, welding, and marking. IPG focuses on innovation and has a robust product portfolio for the market.

Laser Technology Market Companies

Major companies operating in the laser technology industry are:

Coherent, Inc.
IPG Photonics Corporation
TRUMPF Group
Han's Laser Technology Industry Group Co., Ltd.
Lumentum Holdings Inc.
Jenoptik AG
Rofin-Sinar Technologies Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of laser technology reached USD 19.3 billion in 2023 and is set to witness over 5% CAGR from 2024 to 2032, due to the advancements in manufacturing, rising demand for precision in medical and industrial applications and increasing adoption in telecommunications.

The solid-state lasers segment in the laser technology industry is projected to account for over 35% share in 2023, owing to their wide range of applications across various industries including material processing, medical procedures, scientific research, and defense.

The industrial end-use segment is estimated to surpass USD 10 billion by 2032, on account of the rising use of laser technology for numerous applications including cutting, welding, marking, engraving, drilling, and additive manufacturing (3D printing).

Asia Pacific market recorded over 30% share in 2023, led by the rapid industrialization, technological advancements, and increasing adoption across various sectors.