Laser Technology Market worth $17.97 billion by 2025
Laser Technology Market and Patent Landscape Report – 2025 by End users (Industrial, Automotive, Telecommunication, Healthcare and Medical, Defense and Aerospace, Electronics And Research), by Product types ( Fiber, Co2, Solid State, Others ), by Applications ( Instrumentation and Printing, Optical Communication and Others ), by Regional segmentation ( North America, Europe, Asia Pacific (APAC) and Rest of World (RoW) ), by Patent Activities (key patent assignees and inventors analysis, academic and corporate collaborations, application and product type analysis, patent litigation). The global market for laser technology in the year 2018 was estimated at $12.95 billion which is projected to grow to $17.97 billion in 2025 with a seven-year CAGR of 4.78 percent.
The Laser Technology Market and Patent Landscape Report – 2025 forecasts the sizes and trends of the global market as well as its sub-segments for the period 2018 to 2025. It gives current status on the overview of the global laser industry, including its technology, applications, markets, projections of market size, patent landscape, research environment of the laser technology and compound annual growth rates (CAGRs) through 2025. It also present a competitive landscape focusing on active players in the industry, growth strategies, strategic imperatives and detailed profiling of critical companies.
The report delve deep into the patent landscape for this disruptive technology identifying key patent assignees and inventors. It also highlight academic and corporate collaborations, and litigation and licensing environment. Further analysis of crucial patent filing trends across technology application segments and end-user market segments provide a detailed understanding of emerging innovations in the market.
Get your analysis on 57 market figures and 18 market data tables in 174 page up to date report and detailed TOC on Laser Technology Market – Patent landscape report.
Fiber laser is projected to grow from $3.82 billion in 2018 to $6.68 billion in 2025 with a CAGR of 8.32 percent.
Fiber laser market will grow by almost double the CAGR as of CO2. Fiber lasers are projected to have maximum share of the market in 2025 gaining 7 percent over its 2018 market share. The fast growth of fiber lasers is also going to affect the market share of SSL.
USA is one of the largest markets for laser technology and has the maximum number of laser-related companies
The growing R&D in the region in the automotive sector focusing on self-driven cars is expected to boost the demand for lasers. Also, the growing market of 3D printing and a boost in demand for 3D printed images are driving the North American market. The laser market in Europe is expected to grow at a decent CAGR of 4.49 percent during the forecasted period of 2018 to 2025. Germany is the primary laser revenue contributor. In terms of industrial lasers, Germany has the second highest concentration, following China.
Region wise APAC is the leading region whereas RoW has the highest CAGR during forecast period
Asia-Pacific (APAC) is the current market leader with 33 percent of global laser market share in 2018 and is expected to grow with the CAGR of 4.33 percent for the forecasted period of 2018 to 2025. APAC is the leading region in terms of innovation constituting more than 50% of the patent share, due to Japan, Korea, and China.
The market for LiDAR is expected to grow double in size in the next five years
The growth for LiDAR is derived from the increasing spaces of self-driving vehicles as well as enhanced driving assistance. LiDAR has been used for 3D scanning of objects and spaces, aerial mapping, rangefinders and aerosol velocity monitoring.
New promising technologies emerging from the core laser applications
Technologies emerging from laser applications include LiDAR, VCSEL, and AR/VR are in demand and boosting the demand for laser technology in varied domains of manufacturing, automotive, medical, aerospace, military and defense, telecommunications, electronics.
Top Active Companies
The top laser system producers in the market include Coherent, Trumpf, IPG Photonics, Han’s Laser, Lumentum Holdings, Jenoptik, Novanta, Lumibird, and Bystronic and have developed mass scale production processes. The companies have entered into various joint development agreements with multinational OEMs to drive the laser market. Companies like Trumpf and IPG Photonics have witnessed revenue growth coming from material processing and 3D application sectors. Following are the key companies analyzed in the report:
- Coherent Inc.
- TRUMPF GmbH + Co. KG
- IPG Photonics Corporation
- Lumentum Holdings inc.
- Jenoptik AG
- Han’s Laser Technology Industry Group Co. Ltd
- Novanta Inc.
- Lumibird Group
- DPSS Laser, Inc.
- Bystronic Inc.
- Amplitude Systemes S.A.
Constant new innovations have been occurring in laser technology market
Approximately 29,990 patent families have been mapped for the period 2014 to 2019 which shows that the research community interest in laser technology has been consistent over the years, which also means constant new innovations have been occurring in this domain. The number of patent applications concerning laser are expected to be consistent over the next few years based on the observed filing trends.
Mitsubishi Group has the biggest portfolio for laser technology with more than 600 patents registered in this domain
Out of the top 20 patent owners in the laser patent space, companies occupy 100 percent of the share while no universities or research institutes are present among the top 20 owners. Primary growth strategy of top companies focus on product innovation and targeted acquisition.
75 percent of innovations are occurring within the industrial end user domain
The number of patent families filed in solid-state laser type far outweigh the number of patents filed in any other type, plus they have most deviation between Diode and Non-Diode types. Further Gas lasers dominate the non-diode type of lasers, as usually they are constructed without a need of Semi-conductor components.
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Ahead Intelligence (AheadIntel) is a technology and patent research company providing premium, comprehensive technology research on different topics. We combine IP intelligence with business and market insights to give you the complete picture around a technology space. All our reports come with interactive dashboards that give you access to the patent data and allow you to dig deeper insights into the technology space.