Global Laser Technologies, Components &
Applications Market are expected to be worth 19.88 Billion Dollar in
2017 at a CAGR of 19.2% between 2012 ans 2017.
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
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