According to Technavio’s latest market research study, the global laser protective eyewear market is expected to grow at a CAGR of more than 5% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global laser protective eyewear market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
The top three revenue contributing end-user segments are discussed below
Global laser protective eyewear market by healthcare industry: An increase in healthcare expenditure is representative of a rise in demand for healthcare services from consumers, thereby, contributing to the consumption of PPE, including safety eyewear. The growth of the healthcare industry, concentrated around the APAC region, is expected to further drive the demand for safety eyewear from the healthcare segment during the forecast period.
“The laser technology is widely used in the healthcare segment, especially in dermatology, cosmetology, and dentistry medical areas. The growth of healthcare industry coupled with the wide application of lasers in the industry will facilitate growth of the global laser protective eyewear market by the healthcare industry over the next four years,” says Mantri Charan Kumar, a lead analyst at Technavio for research on power.
Global laser protective eyewear market by automotive industry: The growth of the automotive industry with positive implications on metal fabrication activities will lead to increased application of lasers. This will positively impact the demand for laser protective eyewear. Industry analysts at Technavio anticipated the global laser protective eyewear market by the automotive segment to account for a revenue of around USD 95 million by 2021.
Global laser protective eyewear market by manufacturing industry: The growth in the manufacturing sector, especially in emerging countries such as China, and India, will drive the demand for laser protective eyewear from this end-user segment. Activities in the manufacturing industry such as cutting, engraving, shock processing/laser shock preening, drilling, marking, and stereolithographic/rapid prototyping mandate the use of laser protective eyewear for the employees. The US and China lead the global laser protective eyewear market by the manufacturing industry in terms of demand.
The top vendors operating in the global laser protective eyewear market are:
- Honeywell International
- Phillips Safety Products
Other prominent vendors in the market include NoIR LaserShields, Laservision, Laser safety Industries, UNIVET, and Global Laser.
A more detailed analysis is available in the Technavio report titled, ‘Global Laser Protective Eyewear Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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