Precision Business Insights has published a report on the global lasers market, estimating its value at USD 21,881.5 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/lasers-market-global-market
The Lasers Market refers to the global market for laser-based technologies utilized in many industries including manufacturing, healthcare, telecommunications, defense, automotive, and consumer electronics. Lasers—devices that employ optical amplification to produce concentrated beams of light—are valued for their precision, speed, and adaptability.
Drivers:
- Growth in chip production and mobile device manufacturing is fueling demand for laser-based fabrication and inspection tools.
- High-energy laser weapons, rangefinders, and targeting systems are gaining traction in military applications.
The global lasers market segmentation:
1) By Type: Gas Lasers, Solid-State Lasers, Fiber Lasers, Diode Lasers, Dye Lasers Aluminum
2) By Application: Industrial, Medical, Telecommunications, Defense and Security, Scientific Research, Consumer Electronics
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Regional Overview:
The report also examines the current concerns and their Future Effects on the lasers market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the lasers market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Coherent Corp., IPG Photonics Corporation, TRUMPF Group, Lumentum Holdings Inc., Jenoptik AG, Han’s Laser Technology Industry Group Co., Ltd., ROFIN-SINAR Technologies Inc., NKT Photonics, MKS Instruments, Inc., LaserStar Technologies Corporation
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