TechNavio recognizes the following companies as the key players in the Global Industrial Laser Market: Coherent Inc., Rofin-Sinar Technologies Inc., TRUMPF Group, and Newport Corp.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major applications for laser technology is light illumination. Lasers are 1,000 times more powerful than any light emitting diode. The Lighting industry is poised to witness a transformation because of the increasing usage and adoption of lasers for lighting purposes. Most of the high power bulbs will be replaced by laser illuminated bulbs during the forecast period. Laser lights consume less energy than conventional bulbs and provide more illumination. Moreover, laser lights do not harm the environment and people. Laser lights are expected to be much smaller than the current systems and will consume less energy.”
According to the report, one of the major drivers in this market is the technological advancements in the Industrial sector. This in turn is expected to increase the demand and usage of highly efficient lasers during the forecast period.
Further, the report states that one of the major challenges in this market is the lack of technical expertise amongst workers. Laser system installation and maintenance requires good technical knowledge and experience. If laser systems are not operated properly due to a lack of technical expertise, it could result in serious damage to the environment and other related machinery.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-industrial-laser-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Industrial Laser Market 2012-2016
