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Laser Technologies, Components & Applications Market worth $19.88 Billion in 2017

According to a new market research report “Laser Technologies, Components & Applications Market – Global Forecast & Analysis (2012 – 2017)” , the total laser market is expected to reach $19.88 billion by 2017 at a CAGR of 19.2% from 2012 to 2017.Laser Technologies, Components & Applications Market – Global Forecast & Analysis (2012 – 2017) By Types (Fiber Laser, CO2 Laser, Solid State Laser, Excimer Laser, Dye Laser, Diode Laser)  & By Applications (Cutting & Welding, Marking & Engraving, Semiconductor & Micro Processing, Automotive Industry, Communication, Excimer Lithography, Data Storage, Medical, Defense, Instrumentation & Sensors, Pumps & Image Recording)

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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.

The green lasers can prove to be a vital technology in terms cost reduction and output power. The laser industry is surging briskly not only in terms of technological advances, but also in terms of implementation in new applications sectors. With the advent of globalization, economies have expanded and lasers are used for more widespread industrial applications linked to automation and next generation technologies.

The primary factors that are going to drive the laser technologies market in the near future are increase in military spending, growth in the automotive industry, advancement in the industrial market, and wide application in medical treatment. Laser technology is taking a quantum leap in the field of healthcare. Laser technology is prevalently used in applications like cutting and welding, marking and engraving, skin care etc.

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The new “Dynamic Light Spot” technology, introduced in a concept car called the BMW i8, would identify and illuminate perambulators with a bright, targeted beam, which would resemble the sunlight.

Laser systems are the fundamental enabling technology for a wide array of applications. There is a wide variation in the form of lasers from the very low power lasers used in bar code scanning to the very high power used in cutting and welding and the lot includes all types of lasers encompassing diode and non-diode systems. Lasers are available in various formats with different properties dependent on a broad range of technologies making them heterogeneous. Besides, the applications equally vary from systems for manufacturing (e.g. welding and marking), lasers for surgery, lasers in defense (e.g. ranging and weaponry), and lasers used in scientific research and development.

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