2019 Market for Lasers report now available from SU and Laser Markets Research

March 16, 2019
In 2018, laser sales growth has returned to more modest levels; learn what is driving the change.

IMAGE: The 2019 worldwide laser market report and forecast details not only historical sales data (as shown), information on top suppliers, and current technology and business trends for the laser industry, but it also provides a detailed forecast through 2024 by laser type and market segment. (Image credit: Strategies Unlimited and Laser Markets Research)

The 2019 worldwide laser market forecast report is now available for executive planning as the photonics industry prepares for 2020. Officially entitled "The Worldwide Market for Lasers; Trends and Five-Year Forecast (2018-2024)", the report (available for purchase here) is a far-more detailed assessment of the laser markets than the 2019 Laser Market Review & Forecast article published in the January 2019 issue of Laser Focus World.

Published by Strategies Unlimited and Laser Markets Research, the report provides an exhaustive analysis of both laser trends, technology advances, and sales information as well as a detailed forecast of future growth in such markets as industrial, telecom, medical, military, R&D, displays, cinema, and numerous other application areas. Here is a summary of what you will learn about the past, present, and future of the laser markets:

In 2017, the strong world economy led to the laser market growing at levels rarely seen before, so it should be surprising to learn that in 2018, laser growth levels have returned to more modest levels. Largely contributing to this slowdown is the slowing China Economy, trade tariffs, and rising interest rates. Laser revenue transitioned from high growth at the beginning of 2018, to slower growth by year's end. Still, several laser areas managed to have quite strong growth throughout 2018, with medical, display, and sensor laser revenue growth all exceeding 10% in 2018. Overall, the laser market had a combined revenue growth of over 5% in 2017, which is quite good considering it followed such a strong year before it. Learn more about what is driving laser growth in this new report which analyzes laser applications by segment, and provides 2018 data and forecasts for units, ASP, and revenues by laser type and laser application through 2024, in addition to providing insights on what is shaping today's laser industries and what you can expect in the coming years ahead.

For a complete table of contents and further discussion on the report specifics, please contact Allen Nogee from Laser Markets Research at [email protected] or visit the website in the link below.

SOURCE: Strategies Unlimited; https://store.strategies-u.com/the-worldwide-market-for-lasers-market-review-and-forecast-2019

About the Author

Gail Overton | Senior Editor (2004-2020)

Gail has more than 30 years of engineering, marketing, product management, and editorial experience in the photonics and optical communications industry. Before joining the staff at Laser Focus World in 2004, she held many product management and product marketing roles in the fiber-optics industry, most notably at Hughes (El Segundo, CA), GTE Labs (Waltham, MA), Corning (Corning, NY), Photon Kinetics (Beaverton, OR), and Newport Corporation (Irvine, CA). During her marketing career, Gail published articles in WDM Solutions and Sensors magazine and traveled internationally to conduct product and sales training. Gail received her BS degree in physics, with an emphasis in optics, from San Diego State University in San Diego, CA in May 1986.

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