STRATEGIES UNLIMITED FORECASTS LASER MARKET TO EXCEED $12 BILLION BY 2019
Strategies Unlimited has released its annual market research report, The Worldwide Market for Lasers.
Mountain View, CA / March 13, 2015 — Strategies Unlimited has released its annual market research report, The Worldwide Market for Lasers. This report foresees revenue growth of 5.5% from 2013 to 2019 for the total laser market, bolstered by double-digit CAGR in display and lightshow laser revenue. “With many promising technology and application trends,” Strategies Unlimited Senior Analyst Allen Nogee states, “2014 was a fantastic year for laser revenue growth, and besides displays, many segments including sensors, medical, photolithography, and large materials processing had growth rates above average.”
The Worldwide Market for Lasers offers insightful analysis and a forecast through 2019 of the laser market by laser type, application, supplier, and geographic region. New to the comprehensive annual report this year are increased coverage of fiber lasers and quantum cascade lasers.
Outcomes for the laser market in 2014 were relatively strong, given that the global economic climate is still slowly recovering from a strong recession in some regions of the world. Still, not only did some of the smaller sectors experience strong growth, which is true in most years, but most encouraging was very strong growth in the larger sectors. The communications and high-power industrial segments, both with over $1B in annual revenue, grew by 7% or more in 2014.
In the forecast period to 2019, Strategies Unlimited anticipates that high-power diodes as well as fiber lasers will be the fastest growing laser types in terms of revenue. “This isn’t surprising,” Nogee comments, “seeing as they both are reliable, have a long life, their prices are dropping, and they are very energy efficient. Fiber and direct diode lasers are both important in the industrial area and are replacing other laser types. Fiber lasers are slowly replacing CO2 lasers, and high-power diode lasers are replacing many other types of lasers, including solid-state lasers used in laser lightshows.”
For additional in-depth market information, purchase The Worldwide Market for Lasers, available now at strategies-u.com.
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.