Laser Technology Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to laser technology market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Laser Technology Market News

  • In January 2025, Laserline GmbH introduced the latest high-power diode laser technology, created to optimize welding and additive production processes. The innovation offers greater precision and versatility for industrial usage. Laserline's advanced diode lasers are expected to significantly improve efficiency and reduce material wastage in high-demand manufacturing sectors.
  • In October 2024, Mitsubishi Electric launched an advanced solid-state laser for laser cutting and engraving applications. The new laser system is energy-efficient with improved accuracy, making it suitable for applications in the automotive, aerospace, and metalworking industries. Designed to fill increasing industrial automation requirements, Mitsubishi's innovation.
  • In March 2024, Lumentum Holdings unveiled its next-generation photonic integrated circuit (PIC) laser technology, targeting optical communications and data center applications. The innovation guarantees faster data transmission rates and lower power consumption, offering a vital solution to the increasing demand for high-bandwidth and energy-efficient communication systems in today's networks.

Top Player’s Company Profiles

  • IPG Photonics (USA)
  • Coherent Inc. (USA)
  • Lumentum Holdings (USA)
  • TRUMPF (Germany)
  • Laserline GmbH (Germany)
  • Amada Miyachi (Japan)
  • Han's Laser Technology (China)
  • Trumpf Photonic Components (Germany)
  • NKT Photonics (Denmark)
  • Rofin-Sinar Technologies (Germany)
  • Mitsubishi Electric (Japan)
  • Melles Griot (USA)
  • Renishaw PLC (UK)
  • Sennheiser Electronic GmbH & Co. KG (Germany)
  • Fujikura Ltd. (Japan)
REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Global Laser Technology Market size was valued at USD 18.52 Billion in 2023 poised to grow from USD 20 Billion in 2024 to USD 21.60 Billion by 2032, growing at a CAGR of 8% in the forecast period (2025-2032).

The competitive landscape of the global laser technology market is highly dynamic, with leading international players continuously innovating to maintain their market positions. Firms are emphasizing increasing laser performance, broadening product offerings, and venturing into new geographical markets. Some of the prominent firms are TRUMPF, IPG Photonics, Coherent Inc., and Laserline GmbH, all of which invest extensively in research and development to bring innovative laser solutions. The firms also serve a wide range of industries like automotive, aerospace, healthcare, and telecommunications. Competitive moves involve strategic alliances, mergers, and technological innovations to address the increasing demand for laser applications in various industries. 'IPG Photonics (USA)', 'Coherent Inc. (USA)', 'Lumentum Holdings (USA)', 'TRUMPF (Germany)', 'Laserline GmbH (Germany)', 'Amada Miyachi (Japan)', 'Han's Laser Technology (China)', 'Trumpf Photonic Components (Germany)', 'NKT Photonics (Denmark)', 'Rofin-Sinar Technologies (Germany)', 'Mitsubishi Electric (Japan)', 'Melles Griot (USA)', 'Renishaw PLC (UK)', 'Sennheiser Electronic GmbH & Co. KG (Germany)', 'Fujikura Ltd. (Japan)'

Expansion of high-speed communications networks, specifically optical fiber and 5G, is driving the demand for laser technologies. Lasers, particularly semiconductor lasers and fiber lasers, are an essential part of optical communications in that they provide rapid, efficient data transmission. As global connectivity needs rise, laser technology is vital to expanding communication infrastructure.

What industries in Asia Pacific are driving demand for precision laser systems?

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Feedback From Our Clients

Global Laser Technology Market
Laser Technology Market

Report ID: SQMIG45I2275

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE