1. Market Research
  2. > Manufacturing
  3. > Electronic Component
  4. > Semiconductor Market Trends
Laser Technology Market by Type, Product, Application, Vertical and Region - Global Forecast to 2027

Laser Technology Market by Type, Product, Application, Vertical and Region - Global Forecast to 2027

  • August 2022
  • 234 pages
  • ID: 3765466
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The laser technology market size is expected to grow from USD 16.7 billion in 2022 to USD 25.6 billion by 2027; it is expected to grow at a CAGR of 8.9% from 2022 to 2027. The key factors driving the growth of the laser technology market are growing adoption of laser technology in the medical vertical and growing preference for laser-based material processing methods over traditional approaches. Growing use of laser technology in optical communication and rapidly increasing demand for smart manufacturing techniques are major factors contributing to the growth of the laser technology market.

Solid lasers held the largest share in 2021 and are expected to grow at the highest rate from 2022 to 2027
Solid lasers are the most extensively used laser type which find applications across verticals such as medical where they are used for biomedical imaging, spectroscopy, and multiphoton microscopy and for material processing applications in industrial and automotive verticals. Solid state lasers, especially fiber lasers, are extensively used in laser-based weapon technology, thereby promoting their adoption in the defense sector.

System segment accounted for the dominating share of the laser technology market in 2021
Laser systems are being increasingly adopted across verticals such as industrial and automotive for variety of processes such as welding, cutting, drilling, scribing, and engraving etc.There is a rising demand for laser engraving systems in the region for marking aircraft parts due to their high durability compared to traditional engraving processes.

In the commercial vertical, laser engraving systems are used for developing smart cards and identification cards.

Laser processing application segment accounted for the largest share and optical communication held the second largest share of the laser technology market in 2021
There is a growing demand for laser technology for material processing applications across industries.In the iron & steel industry, for steel and aluminum sheets, laser cutting is better than plasma cutting as it provides more accuracy and consumes lesser energy.

Additionally, the high density of laser helps bring a material’s surface to the melting temperature quickly, which reduces the beam interaction time compared with traditional methods, such as gas tungsten arc welding (GTAW) or tungsten inert gas (TIG) welding, thereby increasing the demand for laser processing methods over traditional material processing techniques. Increasing use for laser technology in broadband distribution and data networking is enabling increased adoption of laser technology in optical communication applications.

Telecommunications vertical held the largest share and the industrial vertical held the second largest share of the laser technology market in 2021
Laser technology is extensively used in optical fiber communications, especially for transmitting information over large distances with low loss owing to lesser divergence.Laser technologies are extensively used in space and underwater communication techniques.

Laser technology is also used in optical information processing in the telecommunications industry.Laser technology is used in mining, manufacturing, and architecture firms for applications such as cutting, drilling, welding, soldering, cladding, lighting, hardening, surface treatment, marking, engraving, ablating, micromachining, pulsed laser deposition, and lithography.

Laser offers quick processing, high precision, and reduced cost benefits, thereby increasing their demand in the industrial vertical.

Asia Pacific accounted for the largest share and Europe held the second largest share of the laser technology market in 2021
The increasing industrialization in developing economies of the region is fueling the adoption of laser technology in industrial manufacturing processes such as welding, engraving, and cutting.The demand for lasers in the region is constantly increasing owing to the rise in the manufacturing of machine tools required in several industries.

Expanding semiconductor industry in the region is increasing demand for laser-based material processing methods, including laser lithography, which, in turn, is fueling the growth of the laser technology market.In Europe, there is a growing demand for broadband connections with high bandwidth, and most of the revenue is generated from connecting devices.

Europe’s strong industrial base is globally recognized for its outstanding engineering capabilities, quality workforce, and R&D activities.Owing to these factors, Europe provides excellent growth opportunities for the laser technology market.

Moreover, the presence of prominent automobile, aerospace & defense, and medical companies in the region, such as Volkswagen (Germany), Daimler (Germany), Airbus (Netherlands), Dassault Aviation (France), and Novartis (Switzerland), is expected to fuel the demand for laser products and solutions.

The break-up of the profiles of primary participants for the report has been given below:
• By Company Type: Tier 1 = 25%, Tier 2 = 35%, and Tier 3 = 40%
• By Designation: C-Level Executives = 35%, Directors= 25%, and Others= 40%
• By Region: North America = 14%, Europe = 43%, Asia Pacific = 29%, and RoW= 14%

Major players operating in the laser technology market include Coherent (US), IPG Photonics (US), Han’s Laser (China), Jenoptik (Germany), TRUMPF (Germany), Gravotech (France), Lumentum (US), Novanta (US), Bystronic Lasers (Switzerland), and Lumibrid (France), among others.

Research Coverage:
The research report on the global laser technology market covers the market based on type, product, application, vertical, and region.Based on type, the laser technology market has been segmented into solid, gas, liquid, and others (photonic crystal and industrial short-pulse).

Based on product, the laser technology market is segmented into laser and system.Based on application, the laser technology market is segmented into laser processing, optical communication, optoelectronic devices, and others (gyroscopes, rangefinders, and security systems).

Based on vertical, the laser technology market is segmented into telecommunications, semiconductor & electronics, medical, research, industrial, commercial, automotive, aerospace & defense, and others (oil & glass, iron & steel, tobacco, glass, wood, retail, & plastics).The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
This report segments the laser technology market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different type, product, application, vertical, and region.
The report helps stakeholders understand the pulse of the market, and expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - rese[email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Photonics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • $ 4750
  • June 2022
  • 174 pages

The Global Photonics Market was valued at USD 722.31 billion in 2021, and it is expected to reach USD 1089.00 billion by 2027, registering a CAGR of approximately 7.54% during the period 2022-2027. Key ...

  • World
  • Optoelectronics
  • Industry analysis
  • Energy Consumption
  • Greenhouse Gas Emissions


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on