IMARC Group, a leading market research company, has recently released report titled High Energy Lasers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.The study provides a detailed analysis of the industry, including the globalhigh energy lasers market size, share, trends, and growth forecasts.The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the high energy lasers market?
Report Attributes | Details |
Market Size in 2022 | $10.2 Billion |
Market Forecast in 2028 | $20.43 Billion |
Growth rate (2023 to 2028) | CAGR of 11.8% |
Base Year of the Analysis | 2022 |
Forecast period | 2023-2028 |
What is high energy lasers?
High-energy lasers are advanced laser systems that generate intense beams of light with remarkable power, intensity, and energy density. Their operation involves exciting atoms or molecules within a lasing medium, which can be a gas, crystal, or fiber, to a highly energized state. Subsequently, these excited particles emit photons that undergo amplification and concentration, resulting in a focused and coherent beam of light. This concentrated beam is achieved through a series of mirrors or lenses, producing a high-energy laser beam. The applications of high-energy lasers are diverse and include cutting, welding, drilling, and marking various materials.
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What are the growth prospects and trends in the high energy lasers?
The high-energy lasers market is experiencing significant growth primarily due to the increasing demand from military and defense applications, such as missile defense, target designation, and battlefield illumination. Additionally, the adoption of laser-based manufacturing processes, including cutting, welding, and drilling, across various industries, is driving market growth. The continuous advancements in high-energy laser technology, such as the development of fiber lasers with higher energy output and improved beam quality, are also contributing to market expansion.
Furthermore, the utilization of high-energy lasers in medical applications, including surgical procedures, dermatology, and ophthalmology, is a key growth factor. The aerospace industry is also adopting these powerful lasers for applications such as remote sensing, LiDAR, and optical communications, further propelling market growth. The increasing industrialization and growth of large-scale manufacturing activities are additional drivers for market expansion. Moreover, rising disposable incomes and significant research and development efforts by key players are expected to fuel the growth of the high-energy lasers market in the foreseeable future.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Gas Lasers
- Chemical Lasers
- Excimer Lasers
- Fiber Lasers
- Solid State Lasers
Application Insights:
- Cutting, Welding and Drilling
- Military and Defense
- Communications
- Others
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Beamtech Optronics Co. Ltd.
- Bystronic AG
- Coherent Inc. (Coherent Corp.)
- FANUC America Corporation
- Han's Laser Corporation (Han's Laser Technology Industry Group Co. Ltd.)
- Lumentum Operations LLC
- MPB Communications Inc.
- Nlight Inc.
- Northrop Grumman Corporation
- Raytheon Technologies Corporation
- The Boeing Company
- Trumpf Group
- Wuhan Raycus Fiber Laser Technologies Co. Ltd
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