From GlobeNewswire: 2024-04-16 08:00:00

The global laser technology market is predicted to grow from USD 16.7 billion in 2022 to USD 25.6 billion by 2027, with a CAGR of 8.9%. Key drivers include the rise in laser-based material processing techniques, demand in optical communication and healthcare, and industrial applications like welding and cutting.

Major players in the laser technology market include Coherent, Trumpf, Han’s Laser Technology, IPG Photonics, and Jenoptik AG. Strategies like product advancement, partnerships, expansions, and acquisitions are helping these companies strengthen their global presence and market standing.

Coherent leads the market with a diverse range of laser technologies used in healthcare, research, defense, and manufacturing. Trumpf is expanding its laser technology solutions and global footprint through substantial R&D investments and strategic expansions in key regions.

Han’s Laser focuses on customized laser solutions for various industries, leading to revenue growth from 1,818 million in FY 2020 to 2,144 million in FY 2022. IPG Photonics offers fiber lasers and amplifiers, catering to a wide range of verticals, while JENOPTIK AG provides advanced laser technology products and solutions for various applications.



Read more at GlobeNewswire: Laser Technology Companies – Coherent (US) and Trumpf