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A laser is a device which is built on the principles of quantum mechanics to create a beam of light where all of the photons are in a coherent state - usually with the same frequency and phase. (Most light sources emit incoherent light, where the phase varies randomly.) Among the other effects, this means that the light from a laser is often tightly focused and does not diverge much, resulting in the traditional laser beam.
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Scope and Importance:
Laser Technology is one of the growing fields and scope of Optics and Laser Technology encompasses in several areas such as development in all different types of lasers, development in optoelectronic devices and photonics and development in Optical instruments and components. It has many Medical applications mainly in the field of Ophthalmology, Radiology, Dentistry, and Dermatology and it also has many Industrial applications such as Laser cutting, Laser welding, Laser scribing etc. At present the Laser Technology market is around $7 billion and it is expected to grow up to $17.06 billion by the year 2020.
The global market for lasers in 2010 was $7.1 billion and is expected to reach $7.9 billion in 2011. The market is expected to rise at a compound annual growth rate (CAGR) of 9.5% and reach nearly $12.5 billion by 2016.The contribution of the Americas region will change from 29.5% in 2011 to 27.5% in 2016. This market segment is estimated to reach nearly $2.3 billion in 2011 and $3.4 billion by 2016, a CAGR of 7.9% over the five year period. The contribution of the Asia-Pacific (APAC) region will change from 41.6% in 2011 to 44.1% in 2016. The segment is expected to reach $3.3 billion in 2011, and should reach nearly $5.5 billion in 2016, a CAGR of 10.8% between 2011 and 2016.According to a new market research report “Laser Technology Market by Type (Solid - YAG laser, Fibre laser, Thin Disk Laser, Liquid, Gas - Argon Ion Laser, Excimer, CO2 and Others), Application (Medical, Industrial, Military, Research, Consumer, and Others), and Geography - Trends and Forecast to 2013 - 2020” the total market is expected to grow to$17.06 billion by 2020, at an estimated CAGR of 7.58% from 2014 to 2020.
List of major Associations and Societies on Lasers:
List of Companies:
This page will be updated regularly.
This page was last updated on 14th Sep, 2015
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