Global Laser Market is Expected to grow at a CAGR of 5.65% during 2017-2021

Albany, NY, March 10, 2017: Laser refers to light amplification by stimulated emission of radiation, which produces a coherent, collimated, and monochromatic beam of light by exciting atoms to a higher energy level. Lasers are distinguished from other light sources by their coherence. Spatial coherence property of laser enables it to stay narrow over great distances and allows it to be focused on a tight spot. As a result of these properties, they are widely used in applications such as laser pointers, laser cutting, and lithography. Lasers are classified based on the type of lasing medium they use such as gas, optical fiber, solid state, and semiconductor.

The global laser market to grow at a CAGR of 5.65% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global laser market for 2017-2021. To calculate the market size, the report includes the major application segments and their share in the global laser market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- ROW

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Technavio's report, Global Laser Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Coherent
- FANUC
- Han's Laser Technology
- IPG Photonics
- Jenoptik
- Lumentum Operations
- Newport
- Photonics Industries International
- ROFIN-SINAR Technologies
- TRUMPF

Market driver
- Rising optical fiber communication network connection.
- For a full, detailed list, view our report

Market challenge
- Fluctuations in foreign currency exchange rate.
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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