IMARC Group, a leading market research company, has recently released a 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 high 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.
How big is the High Energy Lasers Market?
The global high energy lasers market size reached US$ 10.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.43 Billion by 2028, exhibiting a growth rate (CAGR) of 11.8% during 2023-2028.
What are High Energy Lasers?
High energy lasers possess immense power and are capable of generating intense beams of light. The functioning principle involves the stimulation of atoms or molecules within a lasing medium, such as gas, crystal, or fiber, to an elevated energy state, subsequently releasing photons that undergo amplification and concentration, resulting in a focused beam. Consequently, coherent light is produced and magnified through a sequence of mirrors or lenses, resulting in the formation of a high energy laser beam. These lasers prove highly effective in several domains, including cutting, welding, drilling, and marking materials, as well as in medical, scientific, and military fields. They can also be utilized in laser weaponry systems capable of precisely and swiftly disabling or annihilating targets.
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What are the growth prospects and trends in the high energy lasers industry?
The high energy lasers market is primarily driven by the increasing product demand in military and defense applications, such as missile defense, target designation, and battlefield illumination. Additionally, the widespread adoption of numerous laser-based manufacturing techniques, including cutting, welding, drilling, etc., across various industries is further bolstering the market growth. Besides this, the elevating technological advancements in high-energy laser technology, particularly the development of fiber lasers with higher power output and improved beam quality, are acting as significant growth-inducing factors. Moreover, the expanding utilization of high-energy lasers in diverse medical applications, which include surgical procedures, dermatology, and ophthalmology, and in the aerospace industry for remote sensing, LiDAR, and optical communications is also positively influencing the global market. Apart from this, extensive RD activities are anticipated to catalyze the high energy lasers market in the coming years.
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
Market Breakup by Region:
- 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.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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