According to a new market research report “Laser Technologies, Components & Applications Market – Global Forecast & Analysis (2012 – 2017)” published by MarketsandMarkets (www.marketsandmarkets.com), the total laser market is expected to reach $19.88 billion by 2017 at a CAGR of 19.2% from 2012 to 2017.
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Since the early period of laser history, laser research has produced a variety of improved and specialized laser types, optimized for different performance goals, including:
- new wavelength bands
- maximum average output power
- maximum peak pulse energy
- maximum peak pulse power
- minimum output pulse duration
- maximum power efficiency
- minimum cost
Lasing without maintaining the medium excited into a population inversion was discovered in 1992 in sodium gas and again in 1995 in rubidium gas by various international teams. This was accomplished by using an external maser to induce "optical transparency" in the medium by introducing and destructively interfering the ground electron transitions between two paths, so that the likelihood for the ground electrons to absorb any energy has been cancelled.
The green lasers can prove to be a vital technology in terms cost reduction and output power. The laser industry is surging briskly not only in terms of technological advances, but also in terms of implementation in new applications sectors. With the advent of globalization, economies have expanded and lasers are used for more widespread industrial applications linked to automation and next generation technologies.
The primary factors that are going to drive the laser technologies market in the near future are increase in military spending, growth in the automotive industry, advancement in the industrial market, and wide application in medical treatment. Laser technology is taking a quantum leap in the field of healthcare. Laser technology is prevalently used in applications like cutting and welding, marking and engraving, skin care etc.
The new “Dynamic Light Spot” technology, introduced in a concept car called the BMW i8, would identify and illuminate perambulators with a bright, targeted beam, which would resemble the sunlight.
APAC offers a productive market to laser and laser-enabled manufacturers. This can be accredited to the developing countries like India, China, Korea, etc. The laser market is experiencing a paradigm shift from fiber and CO2 lasers to disc lasers, femtosecond lasers, and Quantum cascade lasers wherein the players of this market are concentrating on developing innovative products.
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