The global laser market is valued at almost USD 6 billion currently and is expected to surpass USD 7 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global laser market, under its embedded systems portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Coherent, FANUC, Han’s Laser Technology, IPG Photonics, Jenoptik, Lumentum Operations, Newport, Photonics Industries International, ROFIN-SINAR Technologies, and TRUMPF.
According to Sunil Kumar Singh, a lead analyst for embedded systems research at Technavio, “Optical fibres are corrosion-free, have no fire hazard, and can carry signals over long distances with minimal breakdown, unlike copper, which encourages industry players from sectors such as military and aerospace, mining, oil and gas, telecommunication, transportation, and utilities to build their communication network infrastructure using fiber optics.”
Currently, fiber optic technology utilizes light instead of electricity for relaying IP packets to provide two-way transmission speed of up to 100 megabits per second. The key advantage of this relatively new method is that it provides the end-user both, consumers and enterprises, with a higher bandwidth and enables more robust video, Internet, and voice services.
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Miniaturization of electronic devices
Fueled by technological advancements, semiconductor manufacturers are incorporating new process and design technologies to manufacture small and powerful devices at a low cost. The increasing chip density and reducing PCB size are propelling the global demand for lasers as they enable faster-drilling speeds and increased throughput in microvia processing applications at a low cost compared with mechanical drill machines.
Emergence of FIR
FIR, the trend of merging several technologies to enable machine-to-machine communication and improved human-machine interface (HMI), is catching up in the global laser market as well. Vendors in the global laser market are developing technologies for connected laser systems. For instance, TRUMPF developed TruConnect technology, which enables end-users to process and collect data from lasers to determine failure risks of the laser and reduce unplanned downtimes.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Laser Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Ophthalmic Lasers Market 2016-2020
- Global Laser Filter Protection Market 2016-2020
- Global Military Laser Systems Market 2016-2020
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