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Laser Technology Market to Reach $15.3 Billion by 2022 - Analysis by Type, Application, Vertical & Geography - Research and MarketsResearch and Markets has announced the addition of the "Laser Technology Market - Global Forecast to 2022" report to their offering. The laser technology market is expected to reach USD 15.38 billion by 2022, growing at a CAGR of 5.2% between 2017 and 2022. Enhanced performance over the traditional material processing techniques is one of the major factors fueling the growth of this market. Moreover, the increasing demand from the healthcare sector and shift towards production of nano and micro devices are expected to generate a demand for this market. The key restraining factor for the growth of this market is the regulatory compliances. The laser technology market for gas laser is expected to grow at the highest rate between 2017 and 2022. Gas lasers are suitable for applications in which efficient beam quality, single mode operation, and laser beam with long coherent length is needed. Gas laser helps to prevent the damage of high-volume active material and allow quick heat removal from the laser cavity. These properties of the gas laser make it an ideal choice for a wide range of applications such as making holograms and reading of bar codes. The optical commnication is expected to hold the largest share in this market during 2017-2022. Optical communication is a form of communication that uses light as a platform for transmission of data. Laser technology devices are used as high-speed transmitters in analog and digital fiber networks. It enhances the transmission speed of data at rates that are 10 to 100 times faster than the traditional method, i.e., radio. Companies Mentioned
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Market Analysis, By Type 7 Market Analysis, By Application 8 Market Analysis, By Vertical 9 Geographic Analysis 10 Competitive Landscape 11 Company Profile 12 Appendix For more information about this report visit http://www.researchandmarkets.com/research/nmnk85/laser_technology View source version on businesswire.com: http://www.businesswire.com/news/home/20170517005673/en/ |
