Mountain View, CA / January 31, 2014 —Strategies Unlimited has now released its annual market research report, The Worldwide Market for Lasers. This report foresees revenue growth of 4.9% from 2012 to 2017 for the total laser market, bolstered by double-digit CAGR in communications lasers revenue. “With many promising technology and application trends,” Strategies Unlimited Senior Analyst Allen Nogee states, “communications lasers will require persistent reinvestment by equipment and component manufacturers.”
The Worldwide Market for Lasers offers insightful analysis and a forecast through 2017 of the laser market by laser type, application, supplier, and geographic region. New to the comprehensive annual report this year are the categories of Flow Cytometry, Dental Lasers, Additive Manufacturing, and CO2 lasers for Extreme UV.
Outcomes for the laser market in 2013 were relatively mixed, given that the global economic climate is still slowly recovering from the recent recession. Sectors with thriving revenue growth were lasers used for communications, displays, sensors, medical, and marking. Already the fastest growing segment of the laser market, displays will only continue to grow in the upcoming year as laser light shows become incorporated into more performances due to lower costs and laser lit digital cinema projectors finally reach commercial use.
In the forecast period, Strategies Unlimited anticipates fiber lasers will be the fastest growing laser in terms of revenue during the forecast period. “This is unsurprising,” Nogee comments, “seeing as they are reliable, have a long life, their prices are dropping, and they are a good choice for marking and for cutting thinner metals.” Also expected to experience healthy growth are high-power (HP) diode lasers, which are used for increasingly-popular dental and skin procedures, laser dazzlers, and high-power laser projectors.
For additional in-depth market information, purchase The Worldwide Market for Lasers, available now.
About Strategies Unlimited
Strategies Unlimited, a division of PennWell Corporation, is the world leader in market research in LEDs and lighting, lasers and photonics devices, and beyond. With a unique blend of in-depth historical market knowledge and technological expertise, Strategies Unlimited produces highly detailed market reports, custom studies, and provides consulting services. Additionally, Strategies Unlimited presents industry events, including the Strategies in Light series and The LED Show, to large audiences worldwide. For additional information about Strategies Unlimited, contact Tim Carli or visit www.strategies-u.com.
About PennWell Corporation
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries: Oil and gas, electric power generation and delivery, hydropower, renewable energy, water and wastewater treatment, waste management, electronics, semiconductor manufacturing, optoelectronics, fiber-optics, aerospace and avionics, LEDs and lighting, fire and emergency services, public safety, and dental. PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services. In addition to PennWell's headquarters in Tulsa, Oklahoma, the Company has major offices in Nashua, New Hampshire; London, England; Houston, Texas; San Diego and Mountain View, California; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China. For additional information about PennWell Corporation, visit www.pennwell.com.