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Laser Technologies & Applications Market worth $19.88 Billion in 2017

A laser is a device that emits light (electromagnetic radiation) through a process of optical amplification based on the stimulated emission of photons.

Since the early period of laser history, laser research has produced a variety of improved and specialized laser types, optimized for different performance goals, including:

  • new wavelength bands
  • maximum average output power
  • maximum peak pulse energy
  • maximum peak pulse power
  • minimum output pulse duration
  • maximum power efficiency
  • minimum cost

and this research continues to this day.

Lasing without maintaining the medium excited into a population inversion was discovered in 1992 in sodium gas and again in 1995 in rubidium gas by various international teams. This was accomplished by using an external maser to induce "optical transparency" in the medium by introducing and destructively interfering the ground electron transitions between two paths, so that the likelihood for the ground electrons to absorb any energy has been cancelled.

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The threat of substitutes in the laser technology market is low. The conventional methods for welding and cutting have been totally substituted by laser technology due to high speed and efficiency. The bargaining power of customers is high. There are over 50 laser technology manufacturers across the globe and the number is increasing. In the laser technology market, bargaining power of supplier is very low, owing to several factors such as highly competitive market. These factors leave no choice to the suppliers; but to sell the products at low price than their counterparts. The intensity of rivalry is high in the laser industry since there is an opportunity for laser product enabled manufacturers to integrate backwards and manufacture in-house laser beams which make it more competitive.

The scheme for the briefing includes discussion on key growth markets, thereby marking the growth trend in the laser application market. Additionally, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro and micro-markets with respect to North America, Europe, APAC, and ROW.

The intended audiences for this laser technologies market report are Laser OEM’s (Original Equipment Manufacturers), SME’s (Small and Medium Enterprises), system integrators, automotive industries, researchers, and industry experts.

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