Laser Technology Market by Type (Solid - YAG laser, Fiber laser, Thin Disk Laser, Liquid, Gas - Argon Ion Laser, Excimer, CO2 & Others), Application (Medical, Industrial, Military, Research, Consumer,

Laser is an acronym which stands for 'Light Amplification by Stimulated Emission of Radiation'. The extraordinary property of laser is that its light waves travel long distances with very little deviation; whereas conventional light emits a mixture of separate waves that cancel each other at random and hence, can travel only short distances. There are numerous types of lasers operating at different wavelengths and are used for various applications. But only a few of these lasers are used for specialized research. Different types of laser can be divided on basis of the matter of state of the active medium which includes: solid, liquid, or gas; the characteristics of the radiation emitted from the laser; and the number of energy levels which participate in the lasing process. The total laser technology market is expected to grow to $17.06 Billion by 2020 at an estimated CAGR of 7.58% from 2014 to 2020.The report also presents the market trends which depict the growth of the market from 2014 to 2020. The report presents a detail analysis of different segments forthe global market which includes product types, resolutions, applications, and geography. The analysis of the global laser technology market is done with a special focus on the high growth applications in each vertical and the fast growing application market segment.Illustrative segmentation, analysis, and forecast of the major geographic markets give an overall view of the global market. Some of the key players in the laser technology market are Trumpf (U.S.), JDS Uniphase Corporation (U.S), Coherent, Inc. (U.S.), Rofin-Sinar (Germany), Cymer, Inc. (U.S.), Newport Corporation (U.S.), and IPG Photonics Corporation (U.S.). Market by Laser Type: On the basis of laser types, the laser technology market can be classified by its type as solid, liquid, and gas lasers. Solid lasersare segmented into YAG Lasers, fiber lasers, thin disk lasers, and ruby lasers. Liquid lasers are segmented into dye lasers and X-ray lasers. Gas lasers are segmented into He-Ne lasers, Argon Lasers, CO₂ lasers, Excimer lasers, and chemical lasers. Market by Application: The application market for lasergrowsat a high pace.The laser technology and processing systems are used in a wide range of industrial applications. The growing demand from the industrial sector drives the growth of the laser technology market. Key end-use industries of this market include military, aerospace, automotive, medical, and Research and Development (R&D). Among all,medical is one of the fastest growing applications. Market by Geography: The global laser technology market by geography is segmented into four different regions:North America, Europe, APAC, and Rest of the world. The report recognizes the market dynamics such as drivers, restraints, and opportunities. Apart from the market segmentation, the report also includes critical market data and qualitative information for each product type along with quantitative analysis such as Porter’s five forces analysis, market time-line analysis, industry breakdown analysis, and value chain analysis.