The global laser technology market is expected to expand at a CAGR of 7.8% during the period 2023-2030

According to the overseas market research report, the global laser technology market size is 17.82 billion US dollars in 2022 and is expected to expand at a CAGR of 7.8% during 2023-2030. Laser technology is widely used in different industries due to its high precision, high productivity, sustainability and adaptability, including chemical processing and production, healthcare, automotive production and other manufacturing sectors.

At the same time, the growth of investment in laser technology by multinational governments, the progress in the field of photonics technology, the rising demand for lasers in industrial applications, the large number of semiconductor optoelectronic devices such as light-emitting diodes, and the application of laser technology in the defense sector continues to increase... These factors are driving the sustainable development of the laser technology market. In short, the application potential of laser-led photon manufacturing technology in high-end equipment, aerospace, automotive, new infrastructure, Marine equipment, new energy/new materials, rail transit, photoelectric display, microelectronics manufacturing, medical and beauty, life science and other industries is increasing.

Source: Laser world Subscription