Global Laser Market 2017-2021: One Driver in the Market is Investment in Manufacturing Plants Worldwide - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Laser Market 2017-2021" report to their offering.

The global laser market to grow at a CAGR of 5.65% during the period 2017-2021.

Global Laser Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report covers the present scenario and the growth prospects of the global laser market for 2017-2021. To calculate the market size, the report includes the major application segments and their share in the global laser market. The report also includes a discussion of the key vendors operating in this market.

According to the report, one driver in market is investment in manufacturing plants worldwide. Lasers systems are used in manufacturing plants for cutting, engraving, welding, and marking of products. For instance, in the automotive industry, the laser systems are used for cutting airbag cloth and composite materials. They are also used in door welding and welding of gears and powertrain components. In the packaging industry, the lasers are used for marking of expiration dates and batch numbers on the end-product. Therefore, the investment in manufacturing plants globally will accelerate the demand for laser systems.

Market Dynamics

Market drivers

  • Investment in manufacturing plants worldwide
  • Rising optical fiber communication network connection
  • Growing investment in display technologies
  • Product marking for better traceability

Market challenges

  • Short supply of rare-earth elements
  • Downturn in manufacturing industries
  • Uncertain life span of fiber lasers
  • Fluctuations in foreign currency exchange rate
  • Fluctuations in interest rate

Market trends

  • Increasing rise in M&A
  • Miniaturization of electronic devices
  • Product differentiation done through technological innovation
  • Emergence of FIR

Key Vendors:

  • Coherent
  • FANUC
  • Han's Laser Technology
  • IPG Photonics
  • Jenoptik
  • Lumentum Operations
  • Newport
  • Photonics Industries International
  • ROFIN-SINAR Technologies
  • TRUMPF

For more information about this report visit http://www.researchandmarkets.com/research/4j8lpx/global_laser

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Lasers

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Lasers