ICALEO will Discuss the Global Laser Materials Processing Market projected to grow to USD $23 Billion by 2025

ORLANDO, Fla., Oct. 4, 2018 /PRNewswire/ -- The Laser Institute of America (LIA) will examine the photonics materials processing landscape worldwide at its 37th annual edition of the International Congress on Applications of Lasers and Electro-Optics (ICALEO). Laser industry professionals from academic and industrial backgrounds will gather this year at the Rosen Centre Hotel in Orlando, FL, October 14-18. ICALEO annually draws crowds of international attendees and companies, to discuss the latest in photonics microprocessing, nanomanufacturing and materials processing.

Global Laser Materials Processing Market is a Booming Sector

The global photonics market accounted for USD $548.63 billion in 2017 and is expected to reach $1344.56 billion by 2026, at a CAGR of 10.5% over the forecast period, in Stratistics MRC's report.  The report quotes Coherent, TRUMPF, IPG Photonics and Han's Lasers, among the key players in the Photonics market, who will be exhibiting at ICALEO.

The global laser materials processing market is expected to reach USD $23 billion by 2025 according to a report by Grand View Research. Fraunhofer Institute for Laser Technology ILT Director and Past President of LIA, Reinhart Poprawe, commented on the unique global trends driving growth in the sector:

"Additive manufacturing ie. Laser Powder Bed Fusion and ultrafast laser applications are probably the two biggest drivers in the near future, for growth in the laser materials processing sector – with quantum technology marked as the next real big application and impact to society."

Laser Institute of America to Focus on Innovations and Photonics Materials Processing

This year's ICALEO will feature speeches from prominent past presidents and board members on the history and future of the photonics industry and LIA, in celebration of the institutes' 50th Anniversary.

LIA's Executive Director, Dr. Nathaniel Quick said,

"This year, our 50th anniversary, we are revisiting the past achievements and developments LIA has brought to the industry and continues to bring, in developing standards, applications, education, safety and our long standing conferences, to the sector. The future is bright for LIA and our focus is on innovation and commercialisation of new technologies".  

As part of LIA's new direction, ICALEO 2018 will not only focus on academia, but will give additional emphasis to innovations in the growing photonic material processing sector along with the impact its vendors are making in this innovative market segment.  The newly designed vendor showcase will feature thought leadership panels from industry heavy weights IPG Photonics, Coherent, TRUMPF, Han's Lasers, Edgewave and Beijing JCZ Technology. These panels will accompany industry presentations, a business breakout stream and a vendor networking evening, with invited media partners to cover this milestone week.

The Opening Plenary will feature keynote speakers ranging from Intel Corporation's Senior Director, Dr. Islam Salama, Luminar Technologies' Cofounder and former CEO of Open Photonics, Dr. Jason Eichenholz, and Past President of LIA, Dr. Milton Chang.

Registration for ICALEO is open online until October 14, 2018.

CONTACT: Liliana Caldero, [email protected]

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SOURCE Laser Institute of America, Inc.