Laser Technology Market

Laser Technology Market

Laser Technology Market Forecasts to 2028 - Global Analysis By Type (Solid-State Lasers, Liquid Lasers, Gas Lasers and Other Types), Revenue (Laser Revenue and System Revenue), Application (Laser Processing, Optical Communications, Optoelectronic Devices and Other Applications), End User and By Geography

4.1 (47 reviews)
4.1 (47 reviews)
Published: 2023 ID: SMRC23173

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $13.64 BN

Projected Year Value (2028)

US $19.91 BN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Laser Technology Market is accounted for $13.64 billion in 2022 and is expected to reach $19.91 billion by 2028 growing at a CAGR of 6.5% during the forecast period. The word "laser" refers to light amplification through radiation stimulation. It is a device that produces a beam of light with a single wavelength using optical amplification. There are several different kinds of lasers. Electrons in particular crystals are activated by electrical current to produce a laser beam. The amount of energy released affects the wavelength or color of light. Numerous industries, including manufacturing, automotive, chemical synthesis and processing, and healthcare, have successfully adopted and used laser technology.

According to the American Society for Aesthetic Plastic Surgery (ASAPS), in 2018, the American population spent more than USD 16.7 billion on various aesthetic procedures such as dermal resurfacing, body contouring, acne prevention, and others. Key players are also focusing on launching an innovative medical laser portfolio to improve customer experience.

Market Dynamics:


Increasing use of lasers in the healthcare industry

Particularly for surgical indications and interventions, lasers have been crucial diagnostic and therapeutic tools in medicine. The use of low-level laser therapy in medical research is expanding, and it is revolutionizing the practice of regenerative medicine. Almost all fields of medical science use laser technology. Since the high-intensity, high-power laser beam is effective at cutting tissue, the conventional scalpel can be replaced by a large surgical instrument. Eye, dental, skin, and cancer disorders are all treated with laser technology. The detached retina is frequently forged into the choroid using a laser. Macular degeneration, bleeding, and diabetic rehabilitation are other severe eye conditions that are handled by lasers. Due to its widespread use, it is accelerating market expansion.


High initial costs

Due to their versatility across a range of applications, laser-type technology solutions are being adopted at a rapid rate. To build its architecture and infrastructure, a sizable initial investment and venture capital funds are needed. The operation and setup process is significantly more time-consuming, expensive, and resource-intensive, all of which will likely impede market expansion. Although the long-term benefits of advanced solutions outweigh the high deployment costs, particularly for SMEs, this market's expansion is predicted to be constrained.


Increasing investments and use of smart factory technologies

Organizations are observing increased output, enhanced efficiencies, and lower cost benefits, along with improved quality and increased production capacity, as industry 4.0 and smart factory solutions emerge. Most laser-based Industry 4.0 applications make use of advancements in IoT, AI, cloud computing, cognitive computing, cyber-physical systems, machine learning, and other fields. The market is growing as a result of rising automation in sectors that demand high efficiency and accuracy. It is anticipated that rising spending on industry 4.0 initiatives and investments in smart factories by nations like China, the United States, Germany, and others will increase demand among businesses.


Environmental concerns due to use of rare-earth elements

The processing and refinement of rare-earth metals like neodymium, chromium, erbium, or ytterbium using solid-state and fiber lasers poses a serious risk of radioactive pollution brought on by slurry tailings. When toxic acids are handled improperly during the refining process, they could seriously harm the environment. Additionally, the use of rare-earth metals raises the possibility of short-term supply interruptions, and future supply issues for these metals may hinder the development of clean energy technology.

Covid-19 Impact

Investments in the industrial sector are expected to decline as a result of the COVID-19 outbreak. The pandemic spread, causing factory closures and lockdowns in China, which caused a sharp drop in revenue for Q1 2020 for Chinese laser businesses. Companies in the United States and Europe were also affected by the pandemic. Manufacturing facility closures during the first quarter caused issues with the supply chain and shipping delays. Revenue from lithography lasers and material processing also decreased. However, sales of extreme ultraviolet (EUV) lasers were maintained throughout the year 2020, and Chinese laser companies demonstrated a strong recovery.

The solid-state lasers segment is expected to be the largest during the forecast period

The solid-state laser segment is predicted to grow with significant market share during the forecast period. With little material waste in the active medium, this laser produces output of excellent quality in both continuous and pulsed modes. Metal-boring, military targeting and endoscopy are just a few applications for solid lasers. These lasers are anticipated to become more popular across a number of sectors, including the automotive, aerospace, machine tool, medical, and packaging industries. The active medium isn't squandered by solid lasers. Because of this, they are frequently used in spectroscopy, imaging, and other research- and medical-related applications. In terms of both continuous and pulsed output, solid lasers are more effective than He-Ne (Helium-Neon) and Argon lasers, making them suitable for a range of applications in different industries, such as telecommunications and automotive.

The laser processing segment is expected to have the highest CAGR during the forecast period

During the projection period, the laser processing segment is anticipated to experience profitable growth. It can produce output that is higher quality, more reliable, and more precise than traditional mechanical systems. Utilizing a laser for tasks like material processing, microprocessing, and advanced processing is known as laser processing. The demand for genuine end products, the rise in demand for microelectronic devices, and the growing preference of end-user sectors for laser-based material processing over conventional methods are also propelling the growth of the laser processing industry.

Region with largest share:

Due to the growing popularity of cosmetic procedures, the rising uptake of cutting-edge technologies, and the presence of several significant market players like IPG Photonics Corporation and Coherent Inc., North America currently holds the largest share of the global laser technology market. By introducing cutting-edge laser-based technologies, these businesses are increasing the demand for laser-based solutions in consumer electronics and defense. Additionally, the market for laser technology in the area is expanded by the presence of new industry players with new product lines.

Region with highest CAGR:

The Asia-Pacific region is anticipated to experience the highest growth rate due to the expansion of the manufacturing and electronics sectors and the rise in the number of laser centers and original equipment manufacturers in the healthcare infrastructure in the region. In addition, the region's rising R&D expenditures and expanding electronics and manufacturing sectors are anticipated to fuel market expansion.

Key players in the market

Some of the key players profiled in the Laser Technology Market include Access Laser Company , Bystronic Laser AG, Coherent, Inc., Epilog Corporation, eurolaser GmbH, Gravotech Engineering Pvt Ltd, Han's Laser Technology Industry Group Co., Ltd.,IPG Photonics Corporation, Jenoptik AG, LaserStar Technologies Corporation, Lumenis Ltd., Lumentum Holdings Inc., Lumibird, MKS Instruments, Inc., Novanta Inc., Optotek d. o. o., Photonics Industries Inc., Solaris Laser S.A. , The 600 Group PLC, Toptica Photonics and TRUMPF GmbH + Co. KG.

Key Developments:

In March 2022, Nittoku Co., Ltd. and Furukawa Electric Co., to improve their customers’ efficiency, Ltd. introduced a laser welding machine for electric vehicle motors.

In July 2022, An F-Theta lens was released by Jenoptik for applications involving processed laser material. It is used for micro-structuring, labeling, and extremely precise marking for various materials. It offers superb durability and extremely accurate laser material processing.

In August 2022, Coherent, a manufacturer of laser technology equipment, has introduced the FL4000CSM-ARM, a new 4kW fiber laser welding system. The new laser provides "improved high-temperature metal welding capability and aligns with welding requirements for e-mobility, energy storage, and other high-tech applications.

Types Covered:
• Solid-State Lasers
• Liquid Lasers
• Gas Lasers
• Semiconductor Lasers
• Other Types

Revenues Covered:
• Laser Revenue
• System Revenue

Applications Covered:
• Laser Processing
• Optical Communications
• Optoelectronic Devices
• Other Applications

End Users Covered:
• Aerospace & Defense
• Automotive
• Commercial
• Electronics & Semiconductor
• Healthcare
• Industrial
• Research
• Telecommunications
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Laser Technology Market, By Type
5.1 Introduction
5.2 Solid-State Lasers
5.3.1 Fiber Lasers
5.3.2 Ruby Lasers
5.3.3 YAG Lasers
5.3.4 Thin-Disk Lasers
5.3 Liquid Lasers
5.3.1 X-Ray Lasers
5.3.2 Dye Lasers
5.4 Gas Lasers
5.4.1 CO2 Lasers
5.4.2 Excimer Lasers
5.4.3 He-Ne Lasers
5.4.4 Argon Lasers
5.4.5 Chemical Lasers
5.5 Semiconductor Lasers
5.6 Other Types

6 Global Laser Technology Market, By Revenue
6.1 Introduction
6.2 Laser Revenue
6.3 System Revenue

7 Global Laser Technology Market, By Application
7.1 Introduction
7.2 Laser Processing
7.2.1 Macroprocessing Cutting Drilling Welding
7.2.2 Microprocessing
7.2.3 Marking & Engraving
7.3 Optical Communications
7.4 Optoelectronic Devices
7.5 Other Applications

8 Global Laser Technology Market, By End User
8.1 Introduction
8.2 Aerospace & Defense
8.3 Automotive
8.4 Commercial
8.5 Electronics & Semiconductor
8.6 Healthcare
8.7 Industrial
8.8 Research
8.9 Telecommunications
8.10 Other End Users

9 Global Laser Technology Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Access Laser Company
11.2 Bystronic Laser AG
11.3 Coherent, Inc.
11.4 Epilog Corporation
11.5 eurolaser GmbH
11.6 Gravotech Engineering Pvt Ltd
11.7 Han's Laser Technology Industry Group Co., Ltd.
11.8 IPG Photonics Corporation
11.9 Jenoptik AG
11.10 LaserStar Technologies Corporation
11.11 Lumenis Ltd.
11.12 Lumentum Holdings Inc.
11.13 Lumibird
11.14 MKS Instruments, Inc.
11.15 Novanta Inc.
11.16 Optotek d. o. o.
11.17 Photonics Industries Inc.
11.18 Solaris Laser S.A.
11.19 The 600 Group PLC
11.20 Toptica Photonics
11.21 TRUMPF GmbH + Co. KG

List of Tables
1 Global Laser Technology Market Outlook, By Region (2020-2028) ($MN)
2 Global Laser Technology Market Outlook, By Type (2020-2028) ($MN)
3 Global Laser Technology Market Outlook, By Solid-State Lasers (2020-2028) ($MN)
4 Global Laser Technology Market Outlook, By Fiber Lasers (2020-2028) ($MN)
5 Global Laser Technology Market Outlook, By Ruby Lasers (2020-2028) ($MN)
6 Global Laser Technology Market Outlook, By YAG Lasers (2020-2028) ($MN)
7 Global Laser Technology Market Outlook, By Thin-Disk Lasers (2020-2028) ($MN)
8 Global Laser Technology Market Outlook, By Liquid Lasers (2020-2028) ($MN)
9 Global Laser Technology Market Outlook, By X-Ray Lasers (2020-2028) ($MN)
10 Global Laser Technology Market Outlook, By Dye Lasers (2020-2028) ($MN)
11 Global Laser Technology Market Outlook, By Gas Lasers (2020-2028) ($MN)
12 Global Laser Technology Market Outlook, By CO2 Lasers (2020-2028) ($MN)
13 Global Laser Technology Market Outlook, By Excimer Lasers (2020-2028) ($MN)
14 Global Laser Technology Market Outlook, By He-Ne Lasers (2020-2028) ($MN)
15 Global Laser Technology Market Outlook, By Argon Lasers (2020-2028) ($MN)
16 Global Laser Technology Market Outlook, By Chemical Lasers (2020-2028) ($MN)
17 Global Laser Technology Market Outlook, By Semiconductor Lasers (2020-2028) ($MN)
18 Global Laser Technology Market Outlook, By Other Types (2020-2028) ($MN)
19 Global Laser Technology Market Outlook, By Revenue (2020-2028) ($MN)
20 Global Laser Technology Market Outlook, By Laser Revenue (2020-2028) ($MN)
21 Global Laser Technology Market Outlook, By System Revenue (2020-2028) ($MN)
22 Global Laser Technology Market Outlook, By Application (2020-2028) ($MN)
23 Global Laser Technology Market Outlook, By Laser Processing (2020-2028) ($MN)
24 Global Laser Technology Market Outlook, By Macroprocessing (2020-2028) ($MN)
25 Global Laser Technology Market Outlook, By Microprocessing (2020-2028) ($MN)
26 Global Laser Technology Market Outlook, By Marking & Engraving (2020-2028) ($MN)
27 Global Laser Technology Market Outlook, By Optical Communications (2020-2028) ($MN)
28 Global Laser Technology Market Outlook, By Optoelectronic Devices (2020-2028) ($MN)
29 Global Laser Technology Market Outlook, By Other Applications (2020-2028) ($MN)
30 Global Laser Technology Market Outlook, By End User (2020-2028) ($MN)
31 Global Laser Technology Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
32 Global Laser Technology Market Outlook, By Automotive (2020-2028) ($MN)
33 Global Laser Technology Market Outlook, By Commercial (2020-2028) ($MN)
34 Global Laser Technology Market Outlook, By Electronics & Semiconductor (2020-2028) ($MN)
35 Global Laser Technology Market Outlook, By Healthcare (2020-2028) ($MN)
36 Global Laser Technology Market Outlook, By Industrial (2020-2028) ($MN)
37 Global Laser Technology Market Outlook, By Research (2020-2028) ($MN)
38 Global Laser Technology Market Outlook, By Telecommunications (2020-2028) ($MN)
39 Global Laser Technology Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.


Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.