Global Laser Market to Reach $9.2bn in 2014
12 February 2014
The global laser market keeps expanding but is still in its early stages of development. Sales of such devices will continue to expand this year, seeing a 5% increase to $9.2 billion on a global scale against $8.8 billion last year and $8.6 billion in 2012, Strategies Unlimited has predicted.
The estimates were announced at the Laser & Photonics Marketplace Seminar, held last week in San Francisco, by Allen Nogee, senior analyst at Strategies Unlimited's publisher Pennwell. During the seminar, attendees took part in discussions involving 3D printing, high-power fiber lasers and other hot topics in the field of photonics, Optics.org reports.
According to Nogee, the communications industry was the biggest application market for lasers in 2013, accounting for 31% of sales. Demand for lasers coming from the sector will keep expanding this year, driven by the need for upgrades in 100 and 200 Gb/s networks and fiber-to-the-home deployments, he said.
Material processing was also a major laser market last year, contributing 17% to sales, followed by photolithography with a 9% share, optical storage and medical, both with 8%, and sensors with 7%.
As regards lasers for displays and entertainment, the market for smartphone projectors eventually failed to meet projections for bumper demand. Nevertheless, there are still expectations for strong orders for lasers for larger projectors, laser light shows and digital cinema projection that would soon come to theaters.
Head-up displays and home projection systems, such as the Sony 4K Ultra-Short Throw Projector 146-inch system, are also among the technologies where demand for lasers is expected to increase. According to Nogee this segment will deliver 15% growth in 2014 and another 10% in 2015.