Global Laser Technology Market to Reach $18.4 Billion by 2026

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Laser Technology - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: May 2021
Executive Pool: 2613
Companies: 71 - Players covered include Access Laser Company; ALLTEC GmbH - Foba; AMS Technologies AG; Bystronic Laser AG; Coherent, Inc.; Corning, Inc.; Epilog Laser, Inc.; Eurolaser GmbH; Focuslight Technologies Inc.; Han's Laser Technology Industry Group Co., Ltd.; IPG Photonics Corporation; Jeanoptik AG; Keopsys Group; Lasaerstar Technologies Corp.; Lumentum Holdings Inc.; MKS Instruments, Inc.; Novanta, Inc.; Npi Lasers Co., Ltd.; Photonics Industries International Inc.; Prima Industrie S.P.A.; Quantel Group; TOPTICA Photonics AG; TRUMPF GmbH + Co. KG; Universal Laser Systems, Inc. (ULS); Ushio Opto Semiconductors, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Application (Laser Processing, Optical Communications, Other Applications); Type (Carbon Dioxide Laser, Fiber Laser, Solid State Laser, Other Laser); Vertical (Telecommunications, Industrial, Semiconductor & Electronics, Commercial, Aerospace & Defense, Automotive, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Laser Technology Market to Reach $18.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Laser Technology estimated at US$13.7 Billion in the year 2020, is projected to reach a revised size of US$18.4 Billion by 2026, growing at a CAGR of 4.9% over the analysis period. Carbon Dioxide Laser, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$8.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fiber Laser segment is readjusted to a revised 4.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.3 Billion in 2021, While China is Forecast to Reach $3.3 Billion by 2026
The Laser Technology market in the U.S. is estimated at US$4.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2026 trailing a CAGR of 4.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Solid State Laser Segment to Reach US$3 Billion by the year 2026
In the global Solid State Laser segment, USA, Canada, Japan, China and Europe will drive the 6.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.7 Billion in the year 2020 will reach a projected size of US$2.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.