Last updated on April 24, 2014 at 5:30 EDT

MarketsandMarkets: Global Laser Technologies, Components & Applications Market worth $19.88 Billion in 2017

April 27, 2012

DALLAS, April 27, 2012 /PRNewswire/ –

According to a new market research report “Laser Technologies, Components &
Applications Market – Global Forecast & Analysis (2012 – 2017)” published by
MarketsandMarkets (http://www.marketsandmarkets.com), the total laser market is expected
to reach $19.88 billion by 2017 at a CAGR of 19.2% from 2012 to 2017.

Browse 88 tables and in-depth TOC on “Laser Technologies, Components & Applications
Market -Global Forecast & Analysis (2012 -2017)”.


Early buyers will receive 10% customization on reports.

Since the early period of laser history, laser research has produced a variety of
improved and specialized laser types, optimized for different performance goals,

        - new wavelength bands
        - maximum average output power
        - maximum peak pulse energy
        - maximum peak pulse power
        - minimum output pulse duration
        - maximum power efficiency
        - minimum cost

and this research continues to this day.

Lasing without maintaining the medium excited into a population inversion was
discovered in 1992 in sodium gas and again in 1995 in rubidium gas by various
international teams. This was accomplished by using an external maser to induce “optical
transparency” in the medium by introducing and destructively interfering the ground
electron transitions between two paths, so that the likelihood for the ground electrons to
absorb any energy has been cancelled.

The green lasers can prove to be a vital technology in terms cost reduction and output
power. The laser industry is surging briskly not only in terms of technological advances,
but also in terms of implementation in new applications sectors. With the advent of
globalization, economies have expanded and lasers are used for more widespread industrial
applications linked to automation and next generation technologies.

The primary factors that are going to drive the laser technologies
[http://www.marketsandmarkets.com/Market-Reports/laser-technologies-in-manufacturing-78.html ]
market in the near future are increase in military spending, growth in the automotive
industry, advancement in the industrial market, and wide application in medical treatment.
Laser technology is taking a quantum leap in the field of healthcare. Laser technology is
prevalently used in applications like cutting and welding, marking and engraving, skin
care etc.

The new “Dynamic Light Spot” technology, introduced in a concept car called the BMW
i8, would identify and illuminate perambulators with a bright, targeted beam, which would
resemble the sunlight.

APAC offers a productive market to laser and laser-enabled manufacturers. This can be
accredited to the developing countries like India, China, Korea, etc. The laser market is
experiencing a paradigm shift from fiber and CO2 lasers to disc lasers, femtosecond
lasers, and Quantum cascade lasers wherein the players of this market are concentrating on
developing innovative products.

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Source: PR Newswire