The Worldwide Market for Lasers: Market Review and Forecast 2019

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.