Laser Technology Market: To Achieve Top Quality And Reduce Production Costs

Laser is an abbreviation for light amplification bystimulated emission of radiation. A laser is a device that releases a beam ofcoherent light through an optical amplification process. There are many typesof lasers including solid state lasers, gas lasers, fiber lasers, dye lasersand diode lasers. A laser beam is created when the electrons in atoms inspecial crystals, glasses or gases absorb energy from an electrical current andbecome active. Laser light is different from normal light as laser lightcontains only one specific color. The particular color or wavelength of lightis determined by the amount of energy released when the stimulated electrondrops to a lower orbit. Laser light is directional and it generates a verytight beam. Gradually laser technology gained wider possibilities of beingutilized in almost all areas of industrial production. Using the unique assetsof laser radiation can further streamline a number of applications to achievetop quality and reduce production costs.

The main factors contributing to the growth of lasertechnology market are, production of small or micro devices, stability of laserprices and increasing demand from the healthcare sector. Improved performanceof laser over the traditional material processing techniques is also factordriving the growth of laser technology market. High accuracy along with greaterproductivity and minimal environmental effects are some of the key advantagesof laser solutions. Laser technology is suitable for the optical communication,since it uses high-speed transmission of data in digital and analog fiber opticnetworks as this works in favor of laser technology market. Growth in lasertechnology can also be attributed to fast processing laser machine tools fromvarious verticals and the increasing demand for cost-effective, also new anddifferent markets in laser technology. Whereas the key issue for the growth oflaser technology market could be higher power consumption, burning anddifficulty in cutting certain materials in the material processing market canprove to be detrimental.

The laser technology market is segmented by type,application, vertical and geography. On the basis of type, laser technologymarket is segregated into solid, liquid and gas. Solid-state lasers are lasersbased on solid-state gain media such as glasses or crystals. A liquid laseruses the liquid as a medium for laser. In liquid lasers, energy to the lasermedium is supplied by light and in gas laser electric current is dischargedthrough a gas inside the laser medium to produce laser light. 

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Furthermore, the laser technology market is divided based onapplication into optical communication and laser processing. Opticalcommunication is a technique of transmitting information from a place toanother by sending pulses of light through an optical fiber, whereas laserprocessing involves marking, cutting, welding, drilling, ablation and cleaning.By verticals the laser technology market is again subdivided into research,military & defense, telecom & IT, healthcare, electronics andautomotive segment. Geographically, laser technology market is distributed overNorth America, Europe, South America, Asia Pacific and Middle East &Africa. Asia Pacific is expected to dominate the laser technology market due tothe increasing demand for cost-effective and fast processing laser machinetools from the semiconductor, industrial, telecommunication, and automotivevertical.

Major players in the laser technology market are IPGPhotonics Corp. (US), Coherent, Inc. (US) Trumpf Group (Germany), Jeanoptik AG(Germany), Quantel Group (UK), LasaerStar Technologies Corp. (US), Novanta Inc(US), Lumentum Holdings Inc. (US), Epilog Laser (US), Han’s Laser TechnologyIndustry Group,MKS Instruments (US) and GSI Group Inc and so on. Further, togain a competitive advantage, these players are actively involved in organicand inorganic growth strategies. Collaborations, partnerships, agreements, andnew product launches are some of the important strategies followed by them.

The report offers a comprehensive evaluation of the market.It does so via in-depth qualitative insights, historical data, and verifiableprojections about market size. The projections featured in the report have beenderived using proven research methodologies and assumptions. By doing so, theresearch report serves as a repository of analysis and information for everyfacet of the market, including but not limited to: Regional markets,technology, types, and applications.

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