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Report
High Energy Lasers Market by Type (Gas Lasers, Chemical Lasers, Excimer Lasers, Fiber Lasers, Solid State Lasers), Application (Cutting, Welding and Drilling, Military and Defense, Communications, and Others), and Region 2023-2028
Market Report I 2023-05-29 I 134 Pages I IMARC Group
Market Overview:
The global high energy lasers market size reached US$ 10.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.43 Billion by 2028, exhibiting a growth rate (CAGR) of 11.8% during 2023-2028. The escalating product demand in the military and defense applications, continual technological advancements in high energy laser technology, and considerable growth in the aerospace industry represent some of the key factors driving the market.
High-energy lasers are powerful lasers capable of producing intense beams of light with high power, high intensity, and high energy density. They operate by exciting atoms or molecules within a lasing medium, such as a gas or crystal or fiber, to a high energy state, which then release photons that are amplified and focused into a concentrated beam. Therefore, the lasers produce coherent light which is amplified through a series of mirrors or lenses, resulting in a high-energy laser beam. In materials that are nominally transparent to low-intensity laser light, high-power laser light can cause damage. These lasers can be used for various purposes, including cutting, welding, drilling, and marking materials, as well as in medical, scientific, and military applications. They can also be used in laser weapons that are capable of disabling or destroying targets with high precision and speed.
High Energy Lasers Market Trends:
The global market is majorly driven by the escalating product demand in the military and defense applications, such as missile defense, target designation, and battlefield illumination. This can be attributed to the rising investments by the government and defense agencies in high energy laser technology. In line with this, the growing trend of laser-based manufacturing, such as cutting, welding, and drilling in numerous end-use industries, is providing an impetus to the market. Moreover, continual technological advancements in high energy laser technology, such as the development of fiber lasers with higher power output and improved beam quality, is creating lucrative growth opportunities in the market. In addition to this, the augmenting usage of high energy lasers in numerous medical applications, including surgical procedures, dermatology, and ophthalmology, is resulting in a higher product uptake. The market is further fueled by considerable growth in the aerospace industry where high energy lasers are highly utilized in remote sensing, LiDAR, and optical communications. Apart from this, an enhanced focus on energy-efficiency is leading to the widespread adoption of high energy laser systems as a sustainable manufacturing solution for low carbon footprint and energy consumption. Some of the other factors contributing to the market include rapid industrialization, inflating disposable income levels, significant growth in large-scale manufacturing activities and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global high energy lasers market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type and application.
Type Insights:
Gas Lasers
Chemical Lasers
Excimer Lasers
Fiber Lasers
Solid State Lasers
The report has provided a detailed breakup and analysis of the high energy lasers market based on the type. This includes gas lasers, chemical lasers, excimer lasers, fiber lasers, and solid state lasers. According to the report, fiber lasers represented the largest segment.
Application Insights:
Cutting, Welding and Drilling
Military and Defense
Communications
Others
A detailed breakup and analysis of the high energy lasers market based on the application has also been provided in the report. This includes cutting, welding and drilling, military and defense, communications, and others. According to the report, cutting, welding and drilling accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for high energy lasers. Some of the factors driving the Asia Pacific high energy lasers market included considerable growth in the aerospace and defense industry, technological advancements, high military expenditure, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global high energy lasers market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Beamtech Optronics Co. Ltd., Bystronic AG, Coherent Inc. (Coherent Corp.), FANUC America Corporation, Han's Laser Corporation (Han's Laser Technology Industry Group Co. Ltd.), Lumentum Operations LLC, MPB Communications Inc., Nlight Inc., Northrop Grumman Corporation, Raytheon Technologies Corporation, The Boeing Company, Trumpf Group, Wuhan Raycus Fiber Laser Technologies Co. Ltd. etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global high energy lasers market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global high energy lasers market?
What is the impact of each driver, restraint, and opportunity on the global high energy lasers market?
What are the key regional markets?
Which countries represent the most attractive high energy lasers market?
What is the breakup of the market based on the type?
Which is the most attractive type in the high energy lasers market?
What is the breakup of the market based on the application?
Which is the most attractive application in the high energy lasers market?
What is the competitive structure of the global high energy lasers market?
Who are the key players/companies in the global high energy lasers market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global High Energy Lasers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Gas Lasers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Chemical Lasers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Excimer Lasers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Fiber Lasers
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Solid State Lasers
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Application
7.1 Cutting, Welding and Drilling
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Military and Defense
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Communications
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Beamtech Optronics Co. Ltd.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Bystronic AG
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3 Coherent Inc. (Coherent Corp.)
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 SWOT Analysis
13.3.4 FANUC America Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Han's Laser Corporation (Han's Laser Technology Industry Group Co. Ltd.)
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Lumentum Operations LLC
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 MPB Communications Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Nlight Inc.
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9 Northrop Grumman Corporation
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Raytheon Technologies Corporation
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 The Boeing Company
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
13.3.12 Trumpf Group
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.13 Wuhan Raycus Fiber Laser Technologies Co. Ltd.
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
13.3.13.3 FinancialsKindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Figure 1: Global: High Energy Lasers Market: Major Drivers and Challenges
Figure 2: Global: High Energy Lasers Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: High Energy Lasers Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: High Energy Lasers Market: Breakup by Type (in %), 2022
Figure 5: Global: High Energy Lasers Market: Breakup by Application (in %), 2022
Figure 6: Global: High Energy Lasers Market: Breakup by Region (in %), 2022
Figure 7: Global: High Energy Lasers (Gas Lasers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: High Energy Lasers (Gas Lasers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: High Energy Lasers (Chemical Lasers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: High Energy Lasers (Chemical Lasers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: High Energy Lasers (Excimer Lasers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: High Energy Lasers (Excimer Lasers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: High Energy Lasers (Fiber Lasers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: High Energy Lasers (Fiber Lasers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: High Energy Lasers (Solid State Lasers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: High Energy Lasers (Solid State Lasers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: High Energy Lasers (Cutting, Welding and Drilling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: High Energy Lasers (Cutting, Welding and Drilling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: High Energy Lasers (Military and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: High Energy Lasers (Military and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: High Energy Lasers (Communications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: High Energy Lasers (Communications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: High Energy Lasers (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: High Energy Lasers (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: United States: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: United States: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Canada: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Canada: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Asia-Pacific: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Asia-Pacific: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: China: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: China: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Japan: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Japan: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: South Korea: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: South Korea: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Australia: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Australia: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Indonesia: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Indonesia: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Others: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Others: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Germany: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Germany: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: France: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: France: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United Kingdom: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United Kingdom: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Italy: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Italy: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Spain: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Spain: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Russia: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Russia: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Latin America: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Latin America: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Brazil: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Brazil: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Mexico: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Mexico: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Middle East and Africa: High Energy Lasers Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Middle East and Africa: High Energy Lasers Market: Breakup by Country (in %), 2022
Figure 73: Middle East and Africa: High Energy Lasers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Global: High Energy Lasers Industry: Drivers, Restraints, and Opportunities
Figure 75: Global: High Energy Lasers Industry: Value Chain Analysis
Figure 76: Global: High Energy Lasers Industry: Porter's Five Forces Analysis
Table 1: Global: High Energy Lasers Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: High Energy Lasers Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: High Energy Lasers Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: High Energy Lasers Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: High Energy Lasers Market: Competitive Structure
Table 6: Global: High Energy Lasers Market: Key Players
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