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Laser Technology Global Market Report 2022

NEW YORK, Sept. 30, 2022 (GLOBE NEWSWIRE) — Announces Release of Report “Laser Technology Global Market Report 2022” – GNW

The global laser technology market is projected to grow from $11.38 billion in 2021 to $12.32 billion in 2022, at a compound annual growth rate (CAGR) of 8.2%. The laser technology market is projected to grow to $17.09 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%.

The laser technology market consists of the sale by entities (organizations, sole proprietorships, partnerships) of laser technology solutions that are used to achieve highly accurate results in distance measurement. Laser technology refers to devices that emit light in some way.of light amplification based on stimulated emission of radiation.

It is a narrow beam of focused light produced by a special machine. It is used in cutting very hard materials and in many technical fields such as surgery and telecommunications.

The main types of laser technology are solid-state, liquid, and gas lasers. Liquid lasers are optically pumped lasers in which the gain medium is liquid at room temperature.

Applications of laser technology include laser processing, optical communications, and other applications. Various end users of laser technology include telecommunications, industrial, semiconductor and electronics, commercial, aerospace and defense, automotive, medical, research, and other end users.

Asia-Pacific was the largest region for the laser technology market in 2021. North America is expected to be the fastest growing region during the forecast period.

Regions covered in the Laser Technology Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Laser Technology Market Research Report provides a series of Laser Technology market statistics, including the Laser Technology industry global market size, share by region, competitors with Laser Technology market share, detailed Laser Technology market segments, market trends and opportunities. One of the new reports. , and other data you need to be successful in the laser technology industry. This Laser Technology Market research report offers a complete outlook of everything you need with an in-depth analysis of the current and future scenarios of the industry.

Increasing use of consumer electronics is expected to drive the future laser technology market growth. Consumer electronics refers to electronic devices such as smartphones, televisions, and computers.

Laser technology helps provide innovative solutions to the manufacturing of consumer electronics. For example, in October 2021, India’s mobile he data consumption rate is the highest at 12 gigabytes (GB) per user per month, according to the Economic Times, an Indian economic newspaper. Worldwide, every quarter he adds 25 million new smartphone users in this country.

Therefore, increasing usage of consumer electronics is expected to boost the demand for laser technology solutions during the forecast period.

Strategic collaboration is an important trend gaining popularity in the laser technology market. Companies operating laser technology services have entered into partnerships to strengthen new product development activities and strengthen their market position through mutual technology sharing.

For example, in February 2022, Germany-based laser technology company Trumpf announced a partnership with Marvel Fusion, a Germany-based startup developing innovative fusion technology based on chirped pulse amplified (CPA) lasers. partnered. Their innovative fusion technology.

Additionally, in March 2022, Tematys, a Scottish-based laser technology company, collaborated with Chromacity, a UK-based manufacturer of compact femtosecond laser solutions and tunable optical parametric oscillators. The collaboration hopes to increase sales of “ultrafast” technology to French industrial companies.

In January 2021, Germany-based industrial machinery manufacturer TRUMPF privately acquired an 80% stake in Activ Fiber Systems GmbH (AFS). Independent status of research-driven company after finalizing acquisition as majority stakeholder.

AFS is a German-based company that develops and manufactures ultrashort pulse and fiber laser systems primarily for use in science and research.

The countries covered by the laser technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, and United States.
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