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Laser Technology Market by Type (Solid, Liquid, Gas), Product (Laser, System), Application (Laser Processing, Optical Communication, Optoelectronic Devices), Vertical (Telecommunications, Industrial) and Region - Global Forecast to 2027

Laser Technology Market by Type (Solid, Liquid, Gas), Product (Laser, System), Application (Laser Processing, Optical Communication, Optoelectronic Devices), Vertical (Telecommunications, Industrial) and Region - Global Forecast to 2027

The laser technology market size is expected to grow from USD 16.7 billion in 2022 to USD 25.6 billion by 2027; it is expected to grow at a CAGR of 8.9% from 2022 to 2027. The key factors driving the growth of the laser technology market are growing adoption of laser technology in the medical vertical and growing preference for laser-based material processing methods over traditional approaches. Growing use of laser technology in optical communication and rapidly increasing demand for smart manufacturing techniques are major factors contributing to the growth of the laser technology market.

“Solid lasers held the largest share in 2021 and are expected to grow at the highest rate from 2022 to 2027”

Solid lasers are the most extensively used laser type which find applications across verticals such as medical where they are used for biomedical imaging, spectroscopy, and multiphoton microscopy and for material processing applications in industrial and automotive verticals. Solid state lasers, especially fiber lasers, are extensively used in laser-based weapon technology, thereby promoting their adoption in the defense sector.

“System segment accounted for the dominating share of the laser technology market in 2021”

Laser systems are being increasingly adopted across verticals such as industrial and automotive for variety of processes such as welding, cutting, drilling, scribing, and engraving etc. There is a rising demand for laser engraving systems in the region for marking aircraft parts due to their high durability compared to traditional engraving processes. In the commercial vertical, laser engraving systems are used for developing smart cards and identification cards.

“Laser processing application segment accounted for the largest share and optical communication held the second largest share of the laser technology market in 2021”

There is a growing demand for laser technology for material processing applications across industries. In the iron & steel industry, for steel and aluminum sheets, laser cutting is better than plasma cutting as it provides more accuracy and consumes lesser energy. Additionally, the high density of laser helps bring a material’s surface to the melting temperature quickly, which reduces the beam interaction time compared with traditional methods, such as gas tungsten arc welding (GTAW) or tungsten inert gas (TIG) welding, thereby increasing the demand for laser processing methods over traditional material processing techniques. Increasing use for laser technology in broadband distribution and data networking is enabling increased adoption of laser technology in optical communication applications.

“Telecommunications vertical held the largest share and the industrial vertical held the second largest share of the laser technology market in 2021”

Laser technology is extensively used in optical fiber communications, especially for transmitting information over large distances with low loss owing to lesser divergence. Laser technologies are extensively used in space and underwater communication techniques. Laser technology is also used in optical information processing in the telecommunications industry. Laser technology is used in mining, manufacturing, and architecture firms for applications such as cutting, drilling, welding, soldering, cladding, lighting, hardening, surface treatment, marking, engraving, ablating, micromachining, pulsed laser deposition, and lithography. Laser offers quick processing, high precision, and reduced cost benefits, thereby increasing their demand in the industrial vertical.

“Asia Pacific accounted for the largest share and Europe held the second largest share of the laser technology market in 2021”

The increasing industrialization in developing economies of the region is fueling the adoption of laser technology in industrial manufacturing processes such as welding, engraving, and cutting. The demand for lasers in the region is constantly increasing owing to the rise in the manufacturing of machine tools required in several industries. Expanding semiconductor industry in the region is increasing demand for laser-based material processing methods, including laser lithography, which, in turn, is fueling the growth of the laser technology market. In Europe, there is a growing demand for broadband connections with high bandwidth, and most of the revenue is generated from connecting devices.

Europe’s strong industrial base is globally recognized for its outstanding engineering capabilities, quality workforce, and R&D activities. Owing to these factors, Europe provides excellent growth opportunities for the laser technology market. Moreover, the presence of prominent automobile, aerospace & defense, and medical companies in the region, such as Volkswagen (Germany), Daimler (Germany), Airbus (Netherlands), Dassault Aviation (France), and Novartis (Switzerland), is expected to fuel the demand for laser products and solutions.

The break-up of the profiles of primary participants for the report has been given below:
•By Company Type: Tier 1 = 25%, Tier 2 = 35%, and Tier 3 = 40%
•By Designation: C-Level Executives = 35%, Directors= 25%, and Others= 40%
•By Region: North America = 14%, Europe = 43%, Asia Pacific = 29%, and RoW= 14%

Major players operating in the laser technology market include Coherent (US), IPG Photonics (US), Han’s Laser (China), Jenoptik (Germany), TRUMPF (Germany), Gravotech (France), Lumentum (US), Novanta (US), Bystronic Lasers (Switzerland), and Lumibrid (France), among others.

Research Coverage:
The research report on the global laser technology market covers the market based on type, product, application, vertical, and region. Based on type, the laser technology market has been segmented into solid, gas, liquid, and others (photonic crystal and industrial short-pulse). Based on product, the laser technology market is segmented into laser and system. Based on application, the laser technology market is segmented into laser processing, optical communication, optoelectronic devices, and others (gyroscopes, rangefinders, and security systems). Based on vertical, the laser technology market is segmented into telecommunications, semiconductor & electronics, medical, research, industrial, commercial, automotive, aerospace & defense, and others (oil & glass, iron & steel, tobacco, glass, wood, retail, & plastics).The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
This report segments the laser technology market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different type, product, application, vertical, and region.
The report helps stakeholders understand the pulse of the market, and expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.
Table of Contents

1INTRODUCTION32
1.1STUDY OBJECTIVES32
1.2MARKET DEFINITION32
1.3INCLUSIONS AND EXCLUSIONS33
TABLE 1LASER TECHNOLOGY MARKET: INCLUSIONS AND EXCLUSIONS33
1.4STUDY SCOPE33
1.4.1MARKETS COVERED33
FIGURE 1LASER TECHNOLOGY MARKET: SEGMENTATION33
FIGURE 2LASER TECHNOLOGY MARKET: REGIONAL SCOPE34
1.4.2YEARS CONSIDERED34
1.5CURRENCY CONSIDERED35
1.6LIMITATIONS35
1.7STAKEHOLDERS35
1.8SUMMARY OF CHANGES35
2RESEARCH METHODOLOGY37
2.1RESEARCH DATA37
FIGURE 3LASER TECHNOLOGY MARKET: RESEARCH DESIGN37
2.1.1SECONDARY AND PRIMARY RESEARCH39
2.1.2SECONDARY DATA39
2.1.2.1List of major secondary sources39
2.1.2.2Key data from secondary sources40
2.1.3PRIMARY DATA40
2.1.3.1Primary interviews with experts40
2.1.3.2Key data from primary sources41
2.1.3.3Key insights41
2.1.3.4Breakdown of primaries42
2.2MARKET SIZE ESTIMATION42
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM LASER TECHNOLOGY MARKET43
2.2.1BOTTOM-UP APPROACH44
2.2.1.1Deriving market size through bottom-up approach (demand side)44
FIGURE 5BOTTOM-UP APPROACH44
2.2.2TOP-DOWN APPROACH44
2.2.2.1Deriving market size through top-down approach (supply side)45
FIGURE 6TOP-DOWN APPROACH45
2.3MARKET BREAKDOWN AND DATA TRIANGULATION46
FIGURE 7DATA TRIANGULATION46

2.4ASSUMPTIONS47
FIGURE 8ASSUMPTIONS47
2.5LIMITATIONS AND RISK ASSESSMENT47
TABLE 2LIMITATIONS AND ASSOCIATED RISKS47
3EXECUTIVE SUMMARY48
FIGURE 9SOLID LASER SEGMENT TO HOLD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY TYPE, DURING FORECAST PERIOD49
FIGURE 10SYSTEM SEGMENT TO ACCOUNT FOR LARGER SHARE OF LASER TECHNOLOGY MARKET, BY PRODUCT, DURING FORECAST PERIOD49
FIGURE 11LASER PROCESSING SEGMENT TO HOLD LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY APPLICATION, DURING FORECAST PERIOD50
FIGURE 12TELECOMMUNICATIONS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF LASER TECHNOLOGY MARKET, BY VERTICAL, DURING FORECAST PERIOD50
FIGURE 13ASIA PACIFIC LASER TECHNOLOGY MARKET TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD51
4PREMIUM INSIGHTS52
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LASER TECHNOLOGY MARKET52
FIGURE 14RISING DEMAND FOR LASER TECHNOLOGY-BASED DEVICES IN HEALTHCARE VERTICAL52
4.2LASER TECHNOLOGY MARKET, BY TYPE53
FIGURE 15SOLID LASER SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD53
4.3LASER TECHNOLOGY MARKET, BY PRODUCT53
FIGURE 16LASER SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD53
4.4LASER TECHNOLOGY MARKET, BY APPLICATION54
FIGURE 17OPTICAL COMMUNICATION SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD54
4.5LASER TECHNOLOGY MARKET, BY VERTICAL54
FIGURE 18TELECOMMUNICATIONS VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD54
4.6LASER TECHNOLOGY MARKET, BY REGION55
FIGURE 19GERMANY TO ACCOUNT FOR LARGEST SHARE OF GLOBAL LASER TECHNOLOGY MARKET DURING FORECAST PERIOD55
5MARKET OVERVIEW56
5.1INTRODUCTION56
5.2MARKET DYNAMICS56
FIGURE 20LASER TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES56
5.2.1DRIVERS57
5.2.1.1Increasing demand for laser technology in healthcare vertical57
5.2.1.2Better performance of laser-based techniques compared with traditional material processing methods57
5.2.1.3Rising preference for laser-based material processing over traditional approaches57
5.2.1.4Shift toward production of nanodevices and microdevices58
FIGURE 21GLOBAL SEMICONDUCTOR SILICON MATERIAL SALES IN MILLION SQUARE INCH (MSI), 2018–202158
5.2.1.5Growing adoption of smart manufacturing techniques58
FIGURE 22LASER TECHNOLOGY MARKET: DRIVERS AND THEIR IMPACT59
5.2.2RESTRAINTS60
5.2.2.1High deployment cost60
FIGURE 23LASER TECHNOLOGY MARKET: RESTRAINTS AND THEIR IMPACT60
5.2.3OPPORTUNITIES60
5.2.3.1Growing use of laser technology for quality checks in various verticals60
5.2.3.2Increasing use of laser technology for optical communication61
FIGURE 24ORGANIZATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD) FIBER BROADBAND SUBSCRIPTION STATISTICS FOR TOP 10 COUNTRIES (AS OF JUNE 2021)62
FIGURE 25LASER TECHNOLOGY MARKET: OPPORTUNITIES AND THEIR IMPACT62
5.2.4CHALLENGES62
5.2.4.1Environmental concerns associated with use of rare-earth elements62
5.2.4.2Technical complexities related to high-power lasers63
5.2.4.3Contamination of materials during laser welding process63
FIGURE 26LASER TECHNOLOGY MARKET: CHALLENGES AND THEIR IMPACT63
5.3VALUE CHAIN ANALYSIS63
FIGURE 27VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND LASER SYSTEM INTEGRATORS64
5.3.1RAW MATERIAL SUPPLIERS64
5.3.2MANUFACTURERS64
5.3.3DISTRIBUTORS64
5.3.4END USERS65
5.3.5AFTER-SALES SERVICE PROVIDERS65
5.4ECOSYSTEM ANALYSIS65
FIGURE 28GLOBAL LASER TECHNOLOGY MARKET: ECOSYSTEM65
TABLE 3LASER TECHNOLOGY MARKET: ECOSYSTEM66
5.5PRICING ANALYSIS67
5.5.1AVERAGE SELLING PRICE OF LASER SYSTEMS OFFERED BY TOP 3 MARKET PLAYERS, BY APPLICATION67
FIGURE 29AVERAGE SELLING PRICE OF LASER SYSTEMS OFFERED BY TOP 3 MARKET PLAYERS, BY APPLICATION67
TABLE 4AVERAGE SELLING PRICE OF LASER SYSTEMS OFFERED BY TOP 3 MARKET PLAYERS, BY APPLICATION68
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESSES68
FIGURE 30TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESSES68

5.7TECHNOLOGY ANALYSIS69
5.7.1ALL-SILICON LASER69
5.7.2HOLMIUM-DOPED LASER69
5.7.3VERTICAL CAVITY SURFACE-EMITTING LASER (VCSEL)69
5.7.4LOCUS BEAM CONTROL (LBC)69
5.8PORTER’S FIVE FORCES ANALYSIS70
TABLE 5LASER TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS70
5.8.1THREAT OF NEW ENTRANTS70
5.8.2THREAT OF SUBSTITUTES71
5.8.3BARGAINING POWER OF SUPPLIERS71
5.8.4BARGAINING POWER OF BUYERS71
5.8.5INTENSITY OF COMPETITIVE RIVALRY71
5.9KEY STAKEHOLDERS AND BUYING CRITERIA72
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS72
FIGURE 31INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP 3 VERTICALS72
TABLE 6INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY TOP 3
VERTICALS (%)72
5.9.2BUYING CRITERIA73
FIGURE 32KEY BUYING CRITERIA FOR TOP 3 VERTICALS73
TABLE 7KEY BUYING CRITERIA FOR TOP 3 VERTICALS73
5.10CASE STUDIES74
5.10.1SHIM SHACK ADOPTS IPG PHOTONICS FIBER LASERS TO REDUCE TIME
AND COST OF ITS METAL FABRICATION PROCESS74
5.10.2PAPER SUSHI AND GUERILLA OUTFITTERS ADOPT EPILOG LASER’S LASER CUTTING AND ENGRAVING MACHINE TO EXPAND THEIR PRODUCT LINES74
5.11TRADE ANALYSIS74
FIGURE 33IMPORT DATA FOR HS CODE 901320, BY COUNTRY,
2017–2021 (USD MILLION)74
FIGURE 34EXPORT DATA FOR HS CODE 901320, BY COUNTRY,
2017–2021 (USD MILLION)75
5.12PATENT ANALYSIS76
FIGURE 35ANALYSIS OF PATENTS GRANTED IN LASER TECHNOLOGY MARKET76
TABLE 8LIST OF MAJOR PATENTS RELATED TO LASER TECHNOLOGY MARKET76
5.13KEY CONFERENCES AND EVENTS, 2022–202379
TABLE 9LASER TECHNOLOGY MARKET: DETAILED LIST OF CONFERENCES
AND EVENTS79
5.14LASER PROCESSING CONFIGURATIONS80
5.14.1TYPES OF LASER PROCESSING CONFIGURATIONS80
5.14.1.1Fixed beam80
5.14.1.2Moving beam81
5.14.1.3Hybrid81

5.15TARIFF AND REGULATORY LANDSCAPE81
5.15.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS81
TABLE 10NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS81
TABLE 11EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS82
TABLE 12ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS82
TABLE 13ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND
OTHER ORGANIZATIONS83
5.15.2REGULATORY STANDARDS83
5.15.2.1IEC 60825-1:201483
5.15.2.2ANSI Z136.183
5.15.2.3Federal Laser Product Performance Standard (FLPPS)84
5.15.2.4International Commission on Non-Ionizing Radiation
Protection (ICNIRP) (2013)84
6LASER TECHNOLOGY MARKET, BY TYPE85
6.1INTRODUCTION86
FIGURE 36LASER TECHNOLOGY MARKET, BY TYPE86
FIGURE 37SOLID LASER SEGMENT TO REGISTER HIGHEST CAGR DURING
FORECAST PERIOD86
TABLE 14LASER TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)87
TABLE 15LASER TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)87
6.2SOLID LASER87
6.2.1GROWING ADOPTION OF SOLID LASERS TO PREVENT MATERIAL WASTAGE
IN ACTIVE MEDIUM87
TABLE 16SOLID LASER: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)88
TABLE 17SOLID LASER: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)88
TABLE 18SOLID LASER: LASER TECHNOLOGY MARKET, BY SUBTYPE,
2018–2021 (USD MILLION)88
TABLE 19SOLID LASER: LASER TECHNOLOGY MARKET, BY SUBTYPE,
2022–2027 (USD MILLION)89
6.2.2FIBER LASER89
6.2.3RUBY LASER90
6.2.4YTTRIUM ALUMINUM GARNET (YAG) LASER90
6.2.5SEMICONDUCTOR LASER90
6.2.6THIN-DISK LASER91
6.3LIQUID LASER91
6.3.1RISING DEMAND FOR LIQUID LASERS IN AEROSPACE & DEFENSE VERTICAL TO ELIMINATE SURFACE-TO-AIR RISKS91
TABLE 20LIQUID LASER: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)92
TABLE 21LIQUID LASER: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)92
TABLE 22LIQUID LASER: LASER TECHNOLOGY MARKET, BY SUBTYPE,
2018–2021 (USD MILLION)92
TABLE 23LIQUID LASER: LASER TECHNOLOGY MARKET, BY SUBTYPE,
2022–2027 (USD MILLION)92
6.3.2X-RAY LASER93
6.3.3DYE LASER93
6.4GAS LASER93
6.4.1RISING GAS LASER DEMAND FOR REMOTE SENSING93
TABLE 24GAS LASER: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)94
TABLE 25GAS LASER: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)94
TABLE 26GAS LASER: LASER TECHNOLOGY MARKET, BY SUBTYPE,
2018–2021 (USD MILLION)95
TABLE 27GAS LASER: LASER TECHNOLOGY MARKET, BY SUBTYPE,
2022–2027 (USD MILLION)95
6.4.2CO2 LASER95
6.4.3EXCIMER LASER96
6.4.4HELIUM-NEON (HE-NE) LASER96
6.4.5ARGON LASER97
6.4.6CHEMICAL LASER97
6.5OTHERS97
TABLE 28OTHERS: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)98
TABLE 29OTHERS: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)98
7LASER TECHNOLOGY MARKET, BY PRODUCT99
7.1INTRODUCTION100
FIGURE 38LASER TECHNOLOGY MARKET FOR LASER SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD100
TABLE 30LASER TECHNOLOGY MARKET, BY PRODUCT, 2018–2021 (USD MILLION)100
TABLE 31LASER TECHNOLOGY MARKET, BY PRODUCT, 2022–2027 (USD MILLION)100
7.2SYSTEM101
7.2.1GROWING DEMAND FOR LASER SYSTEMS IN INDUSTRIAL, COMMERCIAL, AUTOMOTIVE, AND MEDICAL VERTICALS101
TABLE 32SYSTEM: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)101
TABLE 33SYSTEM: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)101

7.3LASER102
7.3.1HIGH DEMAND FOR DIFFERENT LASER TYPES FROM VARIOUS VERTICALS102
TABLE 34LASER: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)102
TABLE 35LASER: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)102
8LASER TECHNOLOGY MARKET, BY APPLICATION103
8.1INTRODUCTION104
FIGURE 39LASER TECHNOLOGY MARKET, BY APPLICATION104
FIGURE 40LASER TECHNOLOGY MARKET FOR OPTICAL COMMUNICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD105
TABLE 36LASER TECHNOLOGY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)105
TABLE 37LASER TECHNOLOGY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)105
8.2LASER PROCESSING106
8.2.1GROWING ADOPTION OF LASER TECHNOLOGY FOR MATERIAL PROCESSING106
TABLE 38LASER PROCESSING: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)106
TABLE 39LASER PROCESSING: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)106
8.2.2MACRO PROCESSING107
8.2.2.1Cutting107
8.2.2.1.1Fusion cutting107
8.2.2.1.2Flame cutting107
8.2.2.1.3Sublimation cutting107
8.2.2.2Drilling108
8.2.2.2.1Single-pulse drilling108
8.2.2.2.2Percussion drilling108
8.2.2.2.3Trepanning drilling108
8.2.2.2.4Helical drilling108
8.2.2.3Welding108
8.2.2.4Marking and engraving108
8.2.3MICROPROCESSING109
8.2.4ADVANCED PROCESSING109
8.3OPTICAL COMMUNICATION109
8.3.1RISING DEMAND FOR LASER TECHNOLOGY-BASED BROADBAND COMMUNICATION SYSTEMS109
TABLE 40OPTICAL COMMUNICATION: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)109
TABLE 41OPTICAL COMMUNICATION: LASER TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)110

8.4OPTOELECTRONIC DEVICES110
8.4.1GROWING DEMAND FOR OPTOELECTRONICS EQUIPMENT IN TELECOMMUNICATIONS AND HEALTHCARE VERTICALS110
TABLE 42OPTOELECTRONIC DEVICES: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)110
TABLE 43OPTOELECTRONIC DEVICES: LASER TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)110
8.5OTHERS111
TABLE 44OTHERS: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)111
TABLE 45OTHERS: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)111
9LASER TECHNOLOGY MARKET, BY VERTICAL112
9.1INTRODUCTION113
FIGURE 41LASER TECHNOLOGY MARKET, BY VERTICAL113
FIGURE 42LASER TECHNOLOGY MARKET FOR TELECOMMUNICATIONS VERTICAL
TO HOLD LARGEST SHARE DURING FORECAST PERIOD114
TABLE 46LASER TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)114
TABLE 47LASER TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)115
9.2TELECOMMUNICATIONS115
9.2.1GROWING ADOPTION OF LASER TECHNOLOGY TO ACHIEVE HIGH DATA TRANSFER RATES115
TABLE 48TELECOMMUNICATIONS: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)116
TABLE 49TELECOMMUNICATIONS: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)116
9.3INDUSTRIAL117
9.3.1GROWING USE OF LASER TECHNOLOGY IN MANUFACTURING COMPANIES117
TABLE 50INDUSTRIAL: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)117
TABLE 51INDUSTRIAL: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)117
9.4SEMICONDUCTOR & ELECTRONICS118
9.4.1RISING USE OF LASER TECHNOLOGY TO MARK SEMICONDUCTOR MATERIALS118
TABLE 52SEMICONDUCTOR & ELECTRONICS: LASER TECHNOLOGY MARKET,
BY REGION, 2018–2021 (USD MILLION)118
TABLE 53SEMICONDUCTOR & ELECTRONICS: LASER TECHNOLOGY MARKET,
BY REGION, 2022–2027 (USD MILLION)118
9.4.2MEMORY119
9.4.3MICROPROCESSOR119
9.4.4PHOTONIC INTEGRATED CIRCUIT (PIC)119
9.5COMMERCIAL119
9.5.1GROWING ADOPTION OF LASER TECHNOLOGY FOR PROJECTING, MARKING, AND PRINTING APPLICATIONS119
TABLE 54COMMERCIAL: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)119
TABLE 55COMMERCIAL: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)120
9.6AEROSPACE & DEFENSE120
9.6.1GROWING ADOPTION OF LASER TECHNOLOGY TO DEVELOP ADVANCED DEFENSE SYSTEMS120
TABLE 56AEROSPACE & DEFENSE: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)120
TABLE 57AEROSPACE & DEFENSE: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)121
9.6.2AEROSPACE VERTICAL121
9.6.3MISSILE VERTICAL121
9.6.4SPACE VERTICAL121
9.6.5COMBAT VEHICLE VERTICAL121
9.6.6AMMUNITION & WEAPON VERTICAL122
9.7AUTOMOTIVE122
9.7.1RISING DEMAND FOR LASER MARKING SYSTEMS TO IMPRINT VEHICLE IDENTIFICATION NUMBERS (VINS)122
TABLE 58AUTOMOTIVE: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)122
TABLE 59AUTOMOTIVE: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)122
9.8MEDICAL123
9.8.1RISING USE OF LASER TECHNOLOGY IN FLOW CYTOMETRY, CELL SORTING, RETINAL SCANNING, AND PLASTIC JOINING123
TABLE 60MEDICAL: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)123
TABLE 61MEDICAL: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)124
9.8.2LASER VISION CORRECTION124
9.8.3CONFOCAL MICROSCOPE124
9.8.4OPTOGENETICS124
9.9RESEARCH125
9.9.1RISING DEMAND FOR LASER TECHNOLOGY IN SPACE COMMUNICATION RESEARCH125
TABLE 62RESEARCH: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)125
TABLE 63RESEARCH: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)125
9.10OTHERS126
TABLE 64OTHERS: LASER TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)126
TABLE 65OTHERS: LASER TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)126

10LASER TECHNOLOGY MARKET, BY REGION127
10.1INTRODUCTION128
FIGURE 43INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL LASER TECHNOLOGY MARKET, BY COUNTRY, DURING FORECAST PERIOD128
FIGURE 44ROW TO EXHIBIT HIGHEST CAGR IN LASER TECHNOLOGY MARKET DURING FORECAST PERIOD129
TABLE 66LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)129
TABLE 67LASER TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)129
10.2NORTH AMERICA130
FIGURE 45NORTH AMERICA: SNAPSHOT OF LASER TECHNOLOGY MARKET130
TABLE 68NORTH AMERICA: LASER TECHNOLOGY MARKET, BY COUNTRY,
2018–2021 (USD MILLION)131
TABLE 69NORTH AMERICA: LASER TECHNOLOGY MARKET, BY COUNTRY,
2022–2027 (USD MILLION)131
TABLE 70NORTH AMERICA: LASER TECHNOLOGY MARKET, BY VERTICAL,
2018–2021 (USD MILLION)131
TABLE 71NORTH AMERICA: LASER TECHNOLOGY MARKET, BY VERTICAL,
2022–2027 (USD MILLION)132
TABLE 72NORTH AMERICA: LASER TECHNOLOGY MARKET, BY TYPE,
2018–2021 (USD MILLION)132
TABLE 73NORTH AMERICA: LASER TECHNOLOGY MARKET, BY TYPE,
2022–2027 (USD MILLION)133
TABLE 74NORTH AMERICA: LASER TECHNOLOGY MARKET, BY APPLICATION,
2018–2021 (USD MILLION)133
TABLE 75NORTH AMERICA: LASER TECHNOLOGY MARKET, BY APPLICATION,
2022–2027 (USD MILLION)133
TABLE 76NORTH AMERICA: LASER TECHNOLOGY MARKET, BY PRODUCT,
2018–2021 (USD MILLION)134
TABLE 77NORTH AMERICA: LASER TECHNOLOGY MARKET, BY PRODUCT,
2022–2027 (USD MILLION)134
10.2.1US134
10.2.1.1Growing adoption of laser technology in defense vertical to develop laser-based weapons134
10.2.2CANADA135
10.2.2.1Rising applications of laser technology in aerospace & defense vertical135
10.2.3MEXICO135
10.2.3.1Rapid adoption of automation technologies in industrial and manufacturing sectors135
10.3EUROPE135
FIGURE 46EUROPE: SNAPSHOT OF LASER TECHNOLOGY MARKET136
TABLE 78EUROPE: LASER TECHNOLOGY MARKET, BY COUNTRY,
2018–2021 (USD MILLION)136
TABLE 79EUROPE: LASER TECHNOLOGY MARKET, BY COUNTRY,
2022–2027 (USD MILLION)137
TABLE 80EUROPE: LASER TECHNOLOGY MARKET, BY VERTICAL,
2018–2021 (USD MILLION)137
TABLE 81EUROPE: LASER TECHNOLOGY MARKET, BY VERTICAL,
2022–2027 (USD MILLION)137
TABLE 82EUROPE: LASER TECHNOLOGY MARKET, BY TYPE,
2018–2021 (USD MILLION)138
TABLE 83EUROPE: LASER TECHNOLOGY MARKET, BY TYPE,
2022–2027 (USD MILLION)138
TABLE 84EUROPE: LASER TECHNOLOGY MARKET, BY APPLICATION,
2018–2021 (USD MILLION)138
TABLE 85EUROPE: LASER TECHNOLOGY MARKET, BY APPLICATION,
2022–2027 (USD MILLION)139
TABLE 86EUROPE: LASER TECHNOLOGY MARKET, BY PRODUCT,
2018–2021 (USD MILLION)139
TABLE 87EUROPE: LASER TECHNOLOGY MARKET, BY PRODUCT,
2022–2027 (USD MILLION)139
10.3.1GERMANY139
10.3.1.1Large presence of prominent automobile and medical device manufacturing companies139
10.3.2FRANCE140
10.3.2.1Growing demand for laser technology in automotive, telecommunications, and healthcare verticals140
10.3.3UK140
10.3.3.1Rising focus of companies on developing advanced electronics using laser technology140
10.3.4REST OF EUROPE140
10.4ASIA PACIFIC140
FIGURE 47ASIA PACIFIC: SNAPSHOT OF LASER TECHNOLOGY MARKET141
TABLE 88ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY COUNTRY,
2018–2021 (USD MILLION)141
TABLE 89ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY COUNTRY,
2022–2027 (USD MILLION)142
TABLE 90ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY VERTICAL,
2018–2021 (USD MILLION)142
TABLE 91ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY VERTICAL,
2022–2027 (USD MILLION)142
TABLE 92ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY TYPE,
2018–2021 (USD MILLION)143
TABLE 93ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY TYPE,
2022–2027 (USD MILLION)143
TABLE 94ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY APPLICATION,
2018–2021 (USD MILLION)143
TABLE 95ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY APPLICATION,
2022–2027 (USD MILLION)144
TABLE 96ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY PRODUCT,
2018–2021 (USD MILLION)144
TABLE 97ASIA PACIFIC: LASER TECHNOLOGY MARKET, BY PRODUCT,
2022–2027 (USD MILLION)144

10.4.1CHINA144
10.4.1.1Rising use of laser technology in automobile manufacturing144
10.4.2JAPAN145
10.4.2.1Growing demand for electric and hybrid cars145
10.4.3INDIA145
10.4.3.1Government-led initiatives to boost domestic manufacturing145
10.4.4SOUTH KOREA145
10.4.4.1Rising demand for lasers in semiconductor & electronics vertical145
10.4.5REST OF ASIA PACIFIC145
10.5ROW146
FIGURE 48SOUTH AMERICA TO REGISTER HIGHER CAGR IN ROW LASER TECHNOLOGY MARKET DURING FORECAST PERIOD146
TABLE 98ROW: LASER TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)146
TABLE 99ROW: LASER TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)146
TABLE 100ROW: LASER TECHNOLOGY MARKET, BY VERTICAL,
2018–2021 (USD MILLION)147
TABLE 101ROW: LASER TECHNOLOGY MARKET, BY VERTICAL,
2022–2027 (USD MILLION)147
TABLE 102ROW: LASER TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)148
TABLE 103ROW: LASER TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)148
TABLE 104ROW: LASER TECHNOLOGY MARKET, BY APPLICATION,
2018–2021 (USD MILLION)148
TABLE 105ROW: LASER TECHNOLOGY MARKET, BY APPLICATION,
2022–2027 (USD MILLION)148
TABLE 106ROW: LASER TECHNOLOGY MARKET, BY PRODUCT,
2018–2021 (USD MILLION)149
TABLE 107ROW: LASER TECHNOLOGY MARKET, BY PRODUCT,
2022–2027 (USD MILLION)149
10.5.1MIDDLE EAST & AFRICA149
10.5.1.1Rising demand for laser processing systems in automotive industry149
10.5.2SOUTH AMERICA149
10.5.2.1Increasing use of laser technology in Chile and Argentina149
11COMPETITIVE LANDSCAPE150
11.1INTRODUCTION150
TABLE 108OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN LASER TECHNOLOGY MARKET150
11.2REVENUE ANALYSIS OF TOP 5 PLAYERS151
FIGURE 49TOP 5 PLAYERS IN LASER TECHNOLOGY MARKET, 2017–2021151
11.3MARKET SHARE ANALYSIS152
TABLE 109LASER TECHNOLOGY MARKET: MARKET SHARE OF KEY COMPANIES152
11.4COMPANY EVALUATION QUADRANT, 2021155
11.4.1STARS155
11.4.2EMERGING LEADERS155

11.4.3PERVASIVE PLAYERS155
11.4.4PARTICIPANTS155
FIGURE 50LASER TECHNOLOGY MARKET (GLOBAL): COMPANY EVALUATION
QUADRANT, 2021156
11.5SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021157
11.5.1PROGRESSIVE COMPANIES157
11.5.2RESPONSIVE COMPANIES157
11.5.3DYNAMIC COMPANIES157
11.5.4STARTING BLOCKS157
FIGURE 51LASER TECHNOLOGY MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021158
11.6LASER TECHNOLOGY MARKET: COMPANY FOOTPRINT159
TABLE 110TYPE: COMPANY FOOTPRINT159
TABLE 111PRODUCT: COMPANY FOOTPRINT160
TABLE 112APPLICATION: COMPANY FOOTPRINT161
TABLE 113VERTICAL: COMPANY FOOTPRINT162
TABLE 114REGION: COMPANY FOOTPRINT163
TABLE 115COMPANY FOOTPRINT164
11.7COMPETITIVE BENCHMARKING165
TABLE 116LASER TECHNOLOGY MARKET: DETAILED LIST OF KEY STARTUPS/SMES165
TABLE 117LASER TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES166
11.8COMPETITIVE SITUATIONS AND TRENDS170
11.8.1PRODUCT LAUNCHES170
TABLE 118LASER TECHNOLOGY MARKET: PRODUCT LAUNCHES, FEBRUARY 2021–
JUNE 2022170
11.8.2DEALS173
TABLE 119LASER TECHNOLOGY MARKET: DEALS, JANUARY 2021–APRIL 2022173
11.8.3OTHERS173
TABLE 120LASER TECHNOLOGY MARKET: OTHERS, MAY 2021–JUNE 2022173
12COMPANY PROFILES174
(Business overview, Products offered, Recent Developments, MNM view)*
12.1INTRODUCTION174
12.2KEY PLAYERS174
12.2.1600 GROUP174
TABLE 121600 GROUP: BUSINESS OVERVIEW174
FIGURE 52600 GROUP: COMPANY SNAPSHOT175
TABLE 122600 GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED176
12.2.2BYSTRONIC LASERS177
TABLE 123BYSTRONIC LASERS: BUSINESS OVERVIEW177
FIGURE 53BYSTRONIC LASERS: COMPANY SNAPSHOT177

TABLE 124BYSTRONIC LASERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED178
TABLE 125BYSTRONIC LASERS: PRODUCT LAUNCHES178
12.2.3COHERENT179
TABLE 126COHERENT: BUSINESS OVERVIEW179
FIGURE 54COHERENT: COMPANY SNAPSHOT179
TABLE 127COHERENT: PRODUCTS/SOLUTIONS/SERVICES OFFERED180
TABLE 128COHERENT: PRODUCT LAUNCHES181
12.2.4EPILOG LASER183
TABLE 129EPILOG LASER: BUSINESS OVERVIEW183
TABLE 130EPILOG LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED183
TABLE 131EPILOG LASER: PRODUCT LAUNCHES184
TABLE 132EPILOG LASER: OTHERS184
12.2.5EUROLASER185
TABLE 133EUROLASER: BUSINESS OVERVIEW185
TABLE 134EUROLASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED185
12.2.6GRAVOTECH186
TABLE 135GRAVOTECH: BUSINESS OVERVIEW186
TABLE 136GRAVOTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED186
TABLE 137GRAVOTECH: PRODUCT LAUNCHES187
12.2.7HAN’S LASER188
TABLE 138HAN’S LASER: BUSINESS OVERVIEW188
FIGURE 55HAN’S LASER: COMPANY SNAPSHOT188
TABLE 139HAN’S LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED189
12.2.8IPG PHOTONICS190
TABLE 140IPG PHOTONICS: BUSINESS OVERVIEW190
FIGURE 56IPG PHOTONICS: COMPANY SNAPSHOT190
TABLE 141IPG PHOTONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED191
TABLE 142IPG PHOTONICS: PRODUCT LAUNCHES191
12.2.9JENOPTIK193
TABLE 143JENOPTIK: BUSINESS OVERVIEW193
FIGURE 57JENOPTIK: COMPANY SNAPSHOT194
TABLE 144JENOPTIK: PRODUCTS/SOLUTIONS/SERVICES OFFERED195
TABLE 145JENOPTIK: PRODUCT LAUNCHES195
TABLE 146JENOPTIK: OTHERS195
12.2.10LASERSTAR197
TABLE 147LASERSTAR: BUSINESS OVERVIEW197
TABLE 148PRODUCTS/SOLUTIONS/SERVICES OFFERED197
12.2.11LUMENTUM198
TABLE 149LUMENTUM: BUSINESS OVERVIEW198
FIGURE 58LUMENTUM: COMPANY SNAPSHOT199

TABLE 150LUMENTUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED200
TABLE 151LUMENTUM: PRODUCT LAUNCHES200
12.2.12LUMIBIRD201
TABLE 152LUMIBIRD: BUSINESS OVERVIEW201
FIGURE 59LUMIBIRD: COMPANY SNAPSHOT201
TABLE 153LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED202
TABLE 154LUMIBIRD: PRODUCT LAUNCHES202
12.2.13MKS INSTRUMENTS203
TABLE 155MKS INSTRUMENTS: BUSINESS OVERVIEW203
FIGURE 60MKS INSTRUMENTS: COMPANY SNAPSHOT204
TABLE 156MKS INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED204
TABLE 157MKS INSTRUMENTS: DEALS205
12.2.14NOVANTA206
TABLE 158NOVANTA: BUSINESS OVERVIEW206
FIGURE 61NOVANTA: COMPANY SNAPSHOT207
TABLE 159NOVANTA: PRODUCTS/SOLUTIONS/SERVICES OFFERED207
TABLE 160NOVANTA: PRODUCT LAUNCHES208
12.2.15TRUMPF209
TABLE 161TRUMPF: BUSINESS OVERVIEW209
FIGURE 62TRUMPF: COMPANY SNAPSHOT210
TABLE 162TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED210
TABLE 163TRUMPF: PRODUCT LAUNCHES211
12.3OTHER PLAYERS213
12.3.1ALPHALAS GMBH213
TABLE 164ALPHALAS GMBH: COMPANY OVERVIEW213
12.3.2APPLIED LASER TECHNOLOGY, INC.214
TABLE 165APPLIED LASER TECHNOLOGY, INC.: COMPANY OVERVIEW214
12.3.3ARIMA LASERS CORP.214
TABLE 166ARIMA LASERS CORP.: COMPANY OVERVIEW214
12.3.4FOCUSLIGHT TECHNOLOGIES215
TABLE 167FOCUSLIGHT TECHNOLOGIES: COMPANY OVERVIEW215
12.3.5INNO LASER TECHNOLOGY CO., LTD.216
TABLE 168INNO LASER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW216
12.3.6NKT PHOTONICS GMBH217
TABLE 169NKT PHOTONICS GMBH: COMPANY OVERVIEW217
12.3.7PHOTONICS INDUSTRIES218
TABLE 170PHOTONICS INDUSTRIES: COMPANY OVERVIEW218
12.3.8SFX LASER219
TABLE 171SFX LASER: COMPANY OVERVIEW219

12.3.9TOPTICA PHOTONICS220
TABLE 172TOPTICA PHOTONICS: COMPANY OVERVIEW220
12.3.10VESCENT PHOTONICS LLC220
TABLE 173VESCENT PHOTONICS LLC: COMPANY OVERVIEW220
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13ADJACENT AND RELATED MARKETS221
13.1INTRODUCTION221
13.2LIMITATIONS221
13.3INDUSTRIAL SENSORS MARKET, BY TYPE222
13.3.1INTRODUCTION222
13.4TERAHERTZ IMAGING AND SPECTROSCOPY APPLICATIONS222
TABLE 174TERAHERTZ TECHNOLOGY IMAGING AND SPECTROSCOPY MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)222
TABLE 175TERAHERTZ TECHNOLOGY IMAGING AND SPECTROSCOPY MARKET,
BY APPLICATION, 2022–2027 (USD MILLION)222
13.4.1LABORATORY RESEARCH223
13.4.1.1Terahertz technology is useful in experiments conducted for variety of purposes223
13.4.1.2Material characterization223
13.4.1.3Biochemistry223
13.4.1.4Plasma diagnostics224
TABLE 176LABORATORY RESEARCH: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)224
TABLE 177LABORATORY RESEARCH: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)224
13.4.2MEDICAL AND HEALTHCARE224
13.4.2.1Unique features make terahertz imaging attractive for medical applications224
13.4.2.2Oncology225
13.4.2.3Dentistry225
13.4.2.4Dermatology225
13.4.2.5Tomography225
TABLE 178MEDICAL AND HEALTHCARE: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)226
TABLE 179MEDICAL AND HEALTHCARE: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)226
13.4.3MILITARY AND HOMELAND SECURITY227
13.4.3.1Terahertz waves find applications in airport passenger and baggage screening227
13.4.3.2Passenger screening227
13.4.3.3Landmine and improvised explosive device detection227
TABLE 180MILITARY AND HOMELAND SECURITY: TERAHERTZ TECHNOLOGY MARKET,
BY REGION, 2018–2021 (USD MILLION)228
TABLE 181MILITARY AND HOMELAND SECURITY: TERAHERTZ TECHNOLOGY MARKET,
BY REGION, 2022–2027 (USD MILLION)228
13.4.4INDUSTRIAL NON-DESTRUCTIVE TESTING (NDT)228
13.4.4.1Imaging and spectroscopic capabilities of terahertz technology make it suitable for investigating material integrity228
13.4.4.2Aerospace229
13.4.4.3Semiconductor and electronics229
13.4.4.4Pharmaceuticals229
TABLE 182INDUSTRIAL NDT: TERAHERTZ TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION)230
TABLE 183INDUSTRIAL NDT: TERAHERTZ TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION)230
13.5TERAHERTZ COMMUNICATION SYSTEM APPLICATIONS230
TABLE 184TERAHERTZ TECHNOLOGY COMMUNICATION SYSTEMS MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)231
TABLE 185TERAHERTZ TECHNOLOGY COMMUNICATION SYSTEMS MARKET,
BY APPLICATION, 2022–2027 (USD MILLION)231
13.5.1SATELLITE COMMUNICATIONS231
13.5.1.1Use of terahertz technology facilitates users with larger bandwidth231
TABLE 186SATELLITE COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET,
BY REGION, 2018–2021 (USD MILLION)232
TABLE 187SATELLITE COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET,
BY REGION, 2022–2027 (USD MILLION)232
13.5.2TACTICAL/MILITARY COMMUNICATIONS232
13.5.2.1Terahertz properties such as high frequency and short wavelength are suitable for military communication applications232
TABLE 188TACTICAL/MILITARY COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)233
TABLE 189TACTICAL/MILITARY COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)233
13.5.3OUTDOOR/INDOOR WIRELESS COMMUNICATIONS233
13.5.3.1Terahertz waves can be used for short-distance outdoor/indoor wireless communication applications233
TABLE 190OUTDOOR/INDOOR WIRELESS COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)234
TABLE 191OUTDOOR/INDOOR WIRELESS COMMUNICATIONS: TERAHERTZ TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)234
14APPENDIX235
14.1INSIGHTS FROM INDUSTRY EXPERTS235
14.2DISCUSSION GU

Report Title: Laser Technology Market by Type (Solid, Liquid, Gas), Product (Laser, System), Application (Laser Processing, Optical Communication, Optoelectronic Devices), Vertical (Telecommunications, Industrial) and Region - Global Forecast to 2027


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