#Ultrafast Laser Market Ultrafast Laser Market forecast Ultrafast Laser Market insights Ultrafast Laser Market size Ultrafast Laser Market re
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Global Industrial Laser Systems Market Is Estimated To Witness High Growth Owing To Increasing Adoption in Manufacturing Processes
The global Industrial Laser Systems market is estimated to be valued at US$ 21,500.0 million in 2022 and is expected to exhibit a CAGR of 6.88% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Industrial Laser Systems are advanced laser technology used for various industrial applications such as cutting, welding, marking, engraving, and drilling. These laser systems offer high precision, accuracy, and efficiency, making them highly suitable for manufacturing processes in industries such as automotive, aerospace, electronics, and healthcare. The need for advanced machining techniques, improved productivity, and cost-effectiveness drive the adoption of industrial laser systems. B) Market Key Trends: One key trend in the Industrial Laser Systems market is the increasing adoption of fiber lasers. Fiber lasers are gaining popularity due to their high power output and beam quality, enabling precise and efficient material processing. These lasers offer advantages such as high energy efficiency and low maintenance requirements. For example, IPG Photonics Corporation, a key player in the market, offers a wide range of fiber lasers that cater to various industrial applications. C) PEST Analysis: - Political: Governments worldwide are focusing on promoting domestic manufacturing industries, which is expected to drive the demand for industrial laser systems. - Economic: Growing industrialization and the need for automation in manufacturing processes contribute to the economic growth of the industrial laser systems market. - Social: Increasing consumer demand for high-quality products and customization options drives manufacturers to adopt advanced technologies such as industrial laser systems. - Technological: Advancements in laser technology, such as the development of solid-state lasers and ultrafast lasers, offer superior performance and expand the applications of industrial laser systems. D) Key Takeaways: 1. Market Size: The global Industrial Laser Systems Market Insights is expected to witness high growth, exhibiting a CAGR of 6.88% over the forecast period, due to increasing adoption in manufacturing processes to enhance efficiency and productivity. 2. Regional Analysis: Asia Pacific is the fastest-growing and dominating region in the Industrial Laser Systems market. The region's growing manufacturing sector, especially in countries like China and India, drives the demand for industrial laser systems. 3. Key Players: The key players operating in the global Industrial Laser Systems market include Jenoptik AG, Han's Laser Technology Co. Ltd., Newport Corporation, nLIGHT Inc., TRUMPH GmbH, ACSYS Lasertechnik Inc., Coherent Inc., IPG Photonics Corporation, and II-VI Incorporated. These players focus on product development, partnerships, and mergers and acquisitions to strengthen their market position. In conclusion, the global Industrial Laser Systems market is poised to experience significant growth due to the increasing adoption of advanced laser technology in various industrial applications. The market is driven by the need for improved productivity, efficiency, and cost-effectiveness in manufacturing processes. The key trends of fiber lasers and the advancements in laser technology contribute to the market's growth. Additionally, Asia Pacific emerges as the fastest-growing region in the market, fueled by the growing manufacturing sector. Key players in the market continue to innovate and collaborate to retain their competitive edge.
#Industrial Laser Systems#Industrial Laser Systems Market#Industrial Laser Systems Market Size#Industrial Laser Systems Market Share#Industrial Laser Systems Market Insights#Information and Communication Technology
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Ultrafast Laser Sales Record a Slowdown Due to COVID-19 Outbreak, Says a New Fact.MR Report
This study on the Ultrafast Laser market reveals all the necessary information for the stakeholder and CXOs to help them in gaining expansive growth. The researchers at Fact.MR analyze and verify all the information relevant to the Ultrafast Laser market. The Fact.MR researchers provide the stakeholders with accurate information according to the expected changes in the Ultrafast Laser market during the forecast period of 2020 to 2030.
The Fact.MR researchers follow the C.H.U.R.N (COVID-19 Impact. High-Growth Potential Factors. Ubiquitous Competitive Analysis. Regional Prospects. New Trends.)
The C.H.U.R.N method ensures complete fulfillment of the business goals chalked out by the stakeholders in a systematic manner. The Fact.MR researchers follow this exceptional methodology and churn the perfect information for the stakeholders required to fulfill their goals.
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COVID-19 Impact
The study covers all the factors that have affected the Ultrafast Laser market due to the novel coronavirus outbreak. The COVID-19 outbreak has wreaked havoc across almost all the businesses and sectors around the world. The Ultrafast Laser market is no stranger to this grave loss. This report describes the level of impact of the novel coronavirus on the Ultrafast Laser market. The report also mentions the factors that are important for the revival of the Ultrafast Laser market.
High-Growth Potential Factors
The report puts forth the points that can extensively influence the growth rate of the Ultrafast Laser market. These points have been put into simple words for a better understanding of the stakeholders. All the factors have been compiled and included in the report according to the changes in the Ultrafast Laser market expected to take place over the assessment period of 2020 to 2030.
Ubiquitous Competitive Analysis
The Ultrafast Laser market consists of numerous players. These players are involved in fierce competition. The study has all the information about the various developments across the industrial landscape. The researchers have compiled all the information about the latest developments regarding mergers, acquisitions, partnerships, and joint ventures around the Ultrafast Laser market in this report. Key players in the Ultrafast Laser market are:
MKS Instruments Inc.
NKT Photonics A/S
Viavi Solutions
Jenoptik AG
Laser Quantum Ltd
Regional Prospects
The Ultrafast Laser market growth changes according to the changing demographics of the regions covered in this report. The researchers have closely observed the growth rate of every region and have included the information in the report accordingly. The regions covered in this report are:
North America
Latin America
Europe
Japan
APEJ
MEA
The Ultrafast Laser market report takes into consideration the following segments by product type:
Titanium-Sapphire Lasers
Mode-Locked Diode-Pumped Bulk Lasers
Fiber Lasers
Mode-Locked Dye Lasers
Mode-Locked Diode Lasers
The Ultrafast Laser market report contain the following end uses:
Consumer Electronics
Healthcare & Life Science
Automotive
Aerospace and Defense
Industrial
Research & Academics
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Ultrafast Laser Market Clock Double Digit Growth—Projected to Reach USD 3,198.5 Million by 2027
A study recently conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global ultrafast laser market was worth USD 1,435.3 million in 2020 and is further projected to reach USD 3,198.5 million by 2027 with a CAGR of 12.2% during the forecast period (2021-2027). Increasing demand for ultrafast lasers in micro-structuring is driving the market. Furthermore, the use of advanced ultrafast lasers as hybrid additives and in subtractive processes in manufacturing is also favoring the market growth. Also, its higher efficiency and precision in industrial drilling, cutting, and surface processing is contributing to the market's growth. Moreover, the growing demand for ultrafast laser for micromachining solutions and its use in biomedical applications for its features such as delivering high power without thermal damage is expected to drive the growth of the ultrafast laser market over the forecast period. Additionally, the increasing use of ultrafast lasers in spectroscopy & imaging, materials processing, automotive industry, biomedical industry, and the glass industry is expected to support the development of the global ultrafast laser market during the forecast period.
Growing demand from the automotive industry is expected to propel the growth of the global ultrafast laser market
Ultrafast lasers are increasingly being used in the automotive industry due to their versatile nature. Ultrafast lasers are used in a variety of applications in the automotive industry, from welding spark plugs to labeling many automotive parts, including backlit laser marking technology. The automotive industry employs a variety of materials including heat-absorbent fiber glass composites, protective coatings, industrial adhesive tapes, displays, membrane keypads, insulation mats, carbon fiber reinforced composites (CFRP), upholstery fabrics, and knitted spacer fabrics. Such materials are processed using lasers. The market for ultrafast lasers is expected to grow as electric vehicles become more and more complex and smaller, and this is expected to spur the growth of the global ultrafast laser market during the forecast period.
The high efficiency and precision of ultrafast lasers driving the growth of the global ultrafast laser market
The demand for compact and highly efficient tools is increasing day by day and ultrafast lasers play a major role in the processing of compact tools and parts. Today, lasers are used for cutting and processing materials like Plexiglas, Lucite, PMMA, steel, PVC, PVDF, EDFE, fiberglass, composites.Ultrafast lasers can also be used in the manufacture and processing of small objects due to their low sensitivity and minimal damage. LaserCube by IPG Photonics Corporation is one such ultrafast laser-based tool, which can be used for the processing of small tools and objects withpositioning accuracy of ±25 μm (0.001 in). Increasing consumer demand for compact gadgets is expected to drive the demand for these tools over the next few years. These trends are also expected to result in significant growth of the global ultrafast laser market.
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The Femtosecond segment accounted for the largest share in the global ultrafast laser market in 2020
Based on pulse duration, the global ultrafast laser market is divided into picosecond and femtosecond. In 2020, the Femtosecond pulse duration segment dominated the global ultrafast laser market due to its extensive application in eye surgeries and other medical procedures, such as all-laser LASIK. Another reason for the dominant market share of femtosecond lasers in the global ultrafast laser market is their versatility and compatibility with a wide range of polymers, including ETFE, PTFE, Nylon, Acrylics, and fluoropolymers.
Global Ultrafast Laser Market: Regional insights
Based on regions, the global ultrafast laser market is divided into the Asia-Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa. North America dominated the global ultrafast laser market in 2020 and accounted for the largest market share. The presence of global leaders, coupled with increased refractive surgeries conducted in 2020, and the growing demand for electric vehicles, as well as laser weapons from the military, have all contributed to the dominance of this region in the global ultrafast laser market. The Asia-Pacific region, on the other hand, is expected to register the highest CAGR during the forecast period owing to its booming automotive industry and the growing demand for electric vehicles in the region.
COVID-19 Impact on Global Ultrafast Laser Market
Globally, the COVID-19-induced pandemic had a negative impact on the ultrafast laser market with a drastic reduction in surgeries and automobile sales in 2020. A COVID-19 outbreak further impacted supply chains, which in turn impacted the ultrafast laser market. The European Automobile Manufacturers' Association (ACEA) reported a 23.7% drop in new vehicle registrations in the EU. The number of laser-assisted surgeries also suffered in 2020 due to lockdown and travel restrictions imposed by the governments to curb the spread of the virus. However, the market is expected to recover quickly in 2021 as the automotive industry is witnessing increased sales of vehicles. As per the data of the European Automobile Manufacturers' Association (ACEA), passenger car registrationwent up by 25.2% in the first half of 2021 with a 10.4% increase in June. The global ultrafast laser market is expected to recover quickly by the end of 2021 as markets reopen and countries remove travel restrictions.
The Leading Players Operating in the Global Ultrafast Laser Market are Amplitude Systemes, Attodyne Inc., Coherent Inc., DPSS Lasers Inc., Fianium Ltd., Ekspla, Laser Quantum Ltd., Clark-MXR, Inc., Epilog Laser, Fluence Sp. z o.o., IPG Photonics, JENOPTIK Laser GmbH, JDS Uniphase Corporation, NKT Photonics A/S, Preco, Inc., Resonetics, Rofin-Sinar Laser GmbH, TRUMPF GmbH + Co. KG, Lumentum Operations LLC, and others. The companies operating in the global ultrafast laser market constantly strive to increase market share by raising awareness among people, launching new facilities, and enhancing existing technologies, or launching new methods and techniques.
Recent Developments
In April 2021,Resonetics announced that it had leased a new manufacturing facility in Costa Rica, doubling its production capacity. The leased space will be expanded and reconfigured to create a 45,000 ft�� production site and will focus on high-volume component and sub-assembly production for export and the local medical device industry.
In March 2021, Coherent, Inc., a leading supplier of lasers, announced that it has accepted II-VI Incorporated’s USD 7 billion acquisition proposal. Coherent first agreed to an acquisition deal with Lumentum in January 2021 for USD 5.7 billion and since then the company has received a total of 10 acquisition offers from Lumentum, MKS Instruments, and II-VI Incorporated.
Don’t miss the business opportunity of the global ultrafast laser market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global ultrafast laser market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends, along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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Global Fiber Laser Market Analysis, Size, Share, Growth, Trends and Forecast 2021-2025
“A SWOT Analysis of Fiber Laser, Professional Survey Report Including Top Most Global Players Analysis with CAGR and Stock Market Up and Down.”
The global “Fiber Laser Market” report offers a planned observation of analyzed data associated to Fiber Laser market. The Fiber Laser market report offers multiple opportunities to various industries, vendors, associations, and organizations offering items and administrations Coherent, NLIGHT, Raycus, Nufern, Maxphotonics, IPG, GSI, Fujikura, Trumpf, Rofin, Vytek, Newport by providing a huge platform for their overall expansion by competing among themselves and supplying reliable services to the consumers.
Impact Of COVID-19
The most recent report includes extensive coverage of the significant impact of the COVID-19 pandemic on the Heated Jacket division. The coronavirus epidemic is having an enormous impact on the global economic landscape and thus on this special line of business. Therefore, the report offers the reader a clear concept of the current scenario of this line of business and estimates the aftermath of COVID-19.
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The report conveys delivers thorough information regarding the market’s major competitors as well as currently emerging organizations that hold considerable shareholdings in the market on the basis of sales, revenue, demand, superior products manufacturers, and satisfactory services providers.
On the basis of demand and methodologies currently used by the market holders, the global Fiber Laser Market report delivers in-depth and thoroughly analyzed forecast concerning the growth rate pattern of the market in the several coming years. Furthermore, The report presents a detailed segmentation Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, Visible Fiber Laser, Market Trend by Application Material Processing, Instrumentation and Measurement, Others of the global market based on technology, product type, application, and various processes and systems. The market report delivers detailed information about the alterations in the types of product, its innovation and advancements that may be caused as a result of a minor deviation in the profile of the item.
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The analysis of quality and efficiency of the global Fiber Laser market are based on the quantitative and subjective methods to obtain a crystal-clear perception of the present and expected growth patterns. The report also includes the bifurcation of the market based on geological areas.
The global Fiber Laser market report brings comprehensive data about key factors escalating or slowing down the growth of the business. The report incorporates altering competitive dynamics study. The report provides precise knowledge that helps in opting correct business choices. The global market report systematically represents the information as flowcharts, facts, statistical graphs, diagrams, figures, and assurance which display the status of the particular trade at the global and regional platform.
The additional geographical segments are also mentioned in the empirical report.
North America: U.S., Canada, Rest of North America Europe: UK, Germany, France, Italy, Spain, Rest of Europe Asia Pacific: China, Japan, India, Southeast Asia, North Korea, South Korea, Rest of Asia Pacific Latin America: Brazil, Argentina, Rest of Latin America Middle East and Africa: GCC Countries, South Africa, Rest of Middle East & Africa
There are 15 Chapters to display the Global Fiber Laser market
Chapter 1, Definition, Specifications and Classification of Fiber Laser, Applications of Fiber Laser, Market Segment by Regions; Chapter 2, Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure; Chapter 3, Technical Data and Manufacturing Plants Analysis of Fiber Laser, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis; Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment); Chapter 5 and 6, Regional Market Analysis that includes United States, China, Europe, Japan, Korea & Taiwan, Fiber Laser Segment Market Analysis (by Type); Chapter 7 and 8, The Fiber Laser Segment Market Analysis (by Application) Major Manufacturers Analysis of Fiber Laser ; Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type Infrared Fiber Laser, Ultraviolet Fiber Laser, Ultrafast Fiber Laser, Visible Fiber Laser, Market Trend by Application Material Processing, Instrumentation and Measurement, Others; Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis; Chapter 11, The Consumers Analysis of Global Fiber Laser ; Chapter 12, Fiber Laser Research Findings and Conclusion, Appendix, methodology and data source; Chapter 13, 14 and 15, Fiber Laser sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Metal Processing Ultrafast Lasers Market Size, Share and Forecast Report to 2027
Metal processing ultrafast lasers possess unique ability to deliver high peak power without thermal damage which makes them suited for micromachining. It can produce extremely short pulses of light but with high peak powers. In industries, such lasers are employed for precise processing of various metals, ceramics, fiber- reinforced, and semiconductors.
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Market Drivers
The increase in demand for ultrafast laser across various industrial applications is one of the key driving factors which expected to boost the global metal processing ultrafast lasers market growth. Furthermore, growing need for cost-efficient solutions for micromachining will positively influence the market growth. The North America region holds the largest market share across the world followed by Europe, and Asia Pacific region. The Canada and United State are dominating the North America market due to the growing adoption of ultrafast lasers and continuous technological enhancements in the region. In addition, the growing adoption of metal processing ultrafast lasers across the globe will propel the global metal processing ultrafast lasers market over the forecast period.
Market Restraints
Manufacturing complexities is the major restraining factor which expected to hamper the global metal processing ultrafast lasers market growth.
Market Key Players
Various key players are discussed in this report such as Amplitude Laser, Trumpf Gmbh Co. KG, NKT Photonics, Newport Corp, Lumentum Operations LLC, KSPLA, JENOPTIK AG, IPG Photonics Corp, Coherent Inc., Wuhan Huaray Ultrafast Fiber Laser Technology Co., Ltd., etc.
Market Taxonomy
By Type
Diode-Pumped Lasers
Mode-Locked Diode Lasers
Titanium-Sapphire Lasers
Fiber Lasers
Others
By Pulse Duration
Picosecond
Femtosecond
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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Fiber Laser Market 2020 Trending Technology, Global Size, Insights And Forecast Till 2027
Fiber Laser Market - Introduction
Fiber Laser is laser where the active medium being used in an optical fiber that has doped in rare elements such as erbium, ytterbium, neodymium, thulium, praseodymium, holmium or dysprosium.
A fiber laser is a special type of laser in which beam delivery as well as the laser cavity is integrated into a single system inside an optical fiber with the beam generated within the fiber, unlike conventional lasers where the beam is generated outside and sent into the system.
Fiber Laser Market- Competitive Landscape
On May 2017, Management software solutions provider Lantek Systems had signed a partnership agreement with fiber laser manufacturer Nukon to supply Lantek software with its machines. Nukon's range of fiber laser machines is available in power levels up to 6kW and have an option for linear drives, which gives acceleration of up to 3G. On February 2014, IMRA America Inc. and Trumpf GmbH + Co. KG announced partnership to combined capabilities of fiber lasers in the picosecond regime
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TRUMPF GmbH & Co KG
Founded in 1923, TRUMPF GmbH & Co KG is located in Germany. The company provides machine tools, laser technology, and electronics for industrial applications, printing, drill driver, slat cleaners, seam locker, power fastener, profile nibbler, induction generators, storage system, and automation equipment. With 13,400 employees, the company generated a sales of 3,566 million euros in the 2017/18 fiscal year.
NKT Photonics A/S
Established in 1972, NKT Photonics A/S is located in the US. NKT Photonics A/S is one of the leading supplier and manufacturers of high-performance fiber lasers, fiber optic sensing systems, and photonic crystal fibers. It offers super continuum lasers, super continuum accessories/filters, single frequency lasers, OCT systems and sources, ultrafast laser solutions, gain modules and double-clad fibers, fiber delivery solutions, photonic crystal fibers, imaging systems, pulsed lasers, and specialty fibers.
Coherent, Inc.
Established in 1966, Diodes Incorporated is located in the US. Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally.
Apollo Instruments, Inc
Founded in 1996, AEG Power Solutions is located in the US. Apollo Instruments, Inc. is a global leader in today's laser diode market. The laser diode products based on this technology can be used for an array of applications including material processing and medical research. The diode sources are highly suitable for solid-state laser pumping, material process.
Fiber Laser Market - Dynamics
Highly Reliable and stable compared to other type of fiber laser is driving demand for Fiber Laser
Fiber Laser is highly powerful, reliable and stable compared to other types of lasers. High beam quality is provided by fiber lasers. It is also compact and portable, and is relatively easier to use. It has high optical and electrical efficiency. The total cost of ownership involved is much lower, and it has a high immunity to tough environmental conditions and changes. The amplitude noise is low and also has low jitter. Users are able to select the wavelengths and have precise beam control with a fiber laser.
Manufacturers Focus on Innovative Techniques to Enter Developing Fiber Laser Market
Fiber laser technology is attracting a great deal of attention due to its numerous applications in fields as diverse as micromachining, biology and medical sciences or telecommunications and its potential as a substitute for solid-state lasers in industrial and technological applications. Manufacturers in the Fiber Laser market are increasingly investing in the research and development activities to find new and innovative techniques to develop Fiber Laser. The Fiber Laser market is highly fragmented with the presence of several manufacturers, especially in the developing regions. Moreover, with the increasing number of manufacturers, product differentiation has become vital to gain competitive edge in the Fiber Laser market.
Reducing Cutting Speed of thick material Restraining Fiber Laser Market Growth
Fiber lasers are widely used in many applications such as drilling, welding, cutting and marking and in many industries such as automotive, medical, electronics and manufacturing. Reduced cutting speed while processing thicker materials and undesired pulse pedestals & non-linear optical effects are some of the factors that restrain the market growth.
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Fiber Laser Market Segmentation
Based on the type, the Fiber Laser market is segmented into
Picosecond Fiber Laser
Femtosecond Fiber Laser
Quasi-CW Green Fiber Laser
Nanosecond Fiber Laser
Based on the application, the Fiber Laser market is segmented into
Flat Sheet Cutting
Tube Cutting
3D Cutting
Power Train
Tube Welding
Car Body Scanner Welding
Car Body Seam Welding/Brazing
Others
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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Laser Diode Market Is Likely to Witness Tremendous Growth by 2027 with a CAGR of 11.2%
According to the new research report published by The Insight Partners, titled “Laser Diode Market - Global Analysis and Forecast to 2025”, the global laser diode market is expected to reach US$ 17.7 billion in 2025, registering a CAGR of 11.2% during the forecast period 2015-2025.
The key driving factors for the global laser diode market includes advantages of laser diode over other technologies, growth in electronics and healthcare industries, government policies mandating the use of laser technology in the engraving and marking of products, and others. The laser diode market is fragmented with a large number of existing players dominating their respective regions globally. Market participants are seeking to gain increased market share through product differentiation. In addition, the key players in this market are constantly trying to reduce equipment cost in terms of manufacturing in order to escalate their profit margins and to integrate across the value chain to gain further profits. Recently, companies have been switching from gas lasers to ultrafast lasers since the consumers are seeking compact and sealed systems that are automated and computer-controlled. Thus, compact gas lasers such as air-cooled ion laser are expected to be phased out altogether in the near future. Thus, these sealed system lasers offer a reliable source of energy and are expected to replace the traditional laser systems.
The key companies profiled in this report include ASML Holding N.V., Axcel Photonics, Inc., Coherent, Inc., IPG Photonics Corporation, Newport Corporation, Panasonic Semiconductor Solutions Co., Ltd., Rofin-Sinar Technologies Inc., Sharp Corporation, Sumitomo Electric Industries, Ltd., and Trumpf GmbH + Co. KG.
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Key Benefits:
· To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Laser Diode Market.
· To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
Laser Diode Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Laser Diode Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Laser Diode Market revenue by understanding the strategic growth approaches.
Laser diode market is segmented based on application, i.e. automotive, consumer electronics, healthcare, military & defense, and other applications. Automotive segment holds the prominent market share during the forecast period. Laser diode-based headlamps require lesser power and have greater efficiency than LED headlamps. Laser diodes produce a more targeted light point, which increases visual safety while driving and they also limit the offensive glare that is experienced during the use of halogen-based lights. Laser diodes offer high beam lighting which has a greater reach and brings design flexibility due to its compact size. The automotive laser diode segment is analyzed to expand at a steady rate during the forecast period, especially in Europe and APAC region.
The report is an in-depth analysis of the Laser Diode Industry. It allows the market players, investors, and interested individuals to understand the market trends and growth opportunities in the space and devise strategies for business growth. It underlines the drivers, restraints, and opportunities affecting the industry and discusses the market size and share, segmentation, and technology trends that prevail. Information about the key players operating in the market are also discussed.
Report Highlights: – The report provides a detailed analysis on current and future market trends to identify the investment opportunities – Market forecasts till 2027, using estimated market values as the base numbers – Key market trends across the business segments, Regions and Countries – Key developments and strategies observed in the market – Market Dynamics such as Drivers, Restraints, Opportunities and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2027 – Market opportunities and recommendations for new investments
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We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.
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Ultrafast Laser Market Prospers in the New Working Reality of COVID-19 Outbreak, Says Fact.MR New Report
A new study on the Ultrafast Laser market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the historical period 2015 – 2019. The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues during the forecast period 2020 to 2030. The insights and analytics on the Ultrafast Laser market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment. As such, the global ultrafast laser market is projected to expand at an impressive CAGR of 14% through 2030.
Key stakeholders in the Ultrafast Laser market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities. Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic.
The study also offers scrutiny of the changing government policies amid COVID-19 disruptions. Policymakers in developing and developed nations are framing new regulations to meet the continuing macrocosmic shocks by COVID-19 pandemic. The authors of the report have taken into account the impact analysis of the pandemic, and have elaborated on the trends that will be crucial to the upcoming competitive landscape. New entrants, as well as established players who want to emerge as leaders in the post-COVID era, are taking the impact analysis seriously.
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The following insights and evaluations are worth knowing for any market participant, helping them in ascertaining the prevailing dynamics and the future trajectories of the Ultrafast Laser market. They are a part of the estimations of the opportunities in various segments.
Changing consumer preferences and uptake trends in key industries
Key trends highlighting funding by top investors in various countries
Changing demand and consumption of various product segments
New avenues for investments in various technology and product/service types
Recent regulations in key industries affecting the demand in the Ultrafast Laser market
Detailed profiling of various players
Some of the insights and market estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:
Assessment of the key regulations and norms by governments and what changes are probable in the post-COVID era
Evaluation of policies in developing and developed nations so as to understand what factors are essential in helping them bounce back to economic growth from a recent slump
Analysis of shares and size of key product segments and the technologies that will help fuel the demands in these segments
An overview of the direction of ongoing and future research and development, both by the private player and public institutions
An in-depth assessment of the economic disruptions that are likely to linger on for months after the COVID-19 pandemic recedes from the world
Technologies and healthcare infrastructures that will help understand the preparedness of various countries toward future such pandemics
Role of next-generation technologies such as artificial intelligence in various end-use industries
The regional segmentation of the Ultrafast Laser market is done as follows:
North America
Latin America
Europe
Japan
APEJ
MEA
On the basis of product types, the Ultrafast Laser market report offers insight into major adoption trends for the following segments:
Titanium-Sapphire Lasers
Mode-Locked Diode-Pumped Bulk Lasers
Fiber Lasers
Mode-Locked Dye Lasers
Mode-Locked Diode Lasers
Key end-users covered in the study include:
Consumer Electronics
Healthcare & Life Science
Automotive
Aerospace and Defense
Industrial
Research & Academics
Companies profiled in the report are:
MKS Instruments Inc.
NKT Photonics A/S
Viavi Solutions
Jenoptik AG
Laser Quantum Ltd
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Fiber Laser Market New Business Opportunities & Investment Research Report
According to a new report published by Allied Market Research, titled, ” Fiber Laser Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the market was valued at $1,782 million in 2017, and is projected to reach $4,403 million by 2025, growing at a CAGR of 11.9% from 2018 to 2025. Asia-Pacific is anticipated to be the highest revenue contributor throughout the forecast period.
Fiber lasers consist of long optical fibers containing excellent thermal properties. They allow easy integration of the pump diodes and fiber components. The design of fiber lasers is more compact, efficient, and reliable as compared to conventional lasers.
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The major factors that drive the fiber laser market across the globe are continuous technological advancements, high beam quality & lower cost of ownership, and eco-friendly technology. The growth in trend of green manufacturing and increase in concern among material manufacturers regarding the impact of their product on the environment across various industrial sectors have made fiber lasers an attractive choice for cutting and marking applications. Easily automated and energy efficient fiber laser solutions are increasingly replacing the traditional methods such as chemical etching and ink-based printing that are employed for machine marking.
By type, the fiber laser market is segmented into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser, and visible fiber laser. The ultrafast fiber laser segment accounted for nearly two-thirds of the market revenue in 2017. This was attributed to its properties such as compact size, high beam quality, wall plug efficiency, and reliability. In addition, ultrafast lasers are manufactured using the technique of chirped pulse application, which suppresses the undesired pulse pedestals and nonlinear optical effects. The ultrafast laser segment is bifurcated into picosecond fiber laser and femtosecond fiber laser. The femtosecond fiber laser segment accounted for nearly three-fourths share of the global ultrafast fiber laser market revenue in 2017.
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High power application is expected to grow at a CAGR of 15.8% in terms of revenue from 2018 to 2025, owing to employment of fiber lasers in cost-effective cutting and welding applications. Marking accounts for the second largest share in terms of revenue, which is attributed to the FDA requirement for marking unique identification number on all medical, dental, and surgical devices for patient safety.
Key Findings of the Fiber Laser Market:
Asia-Pacific is expected to remain dominant from 2018 to 2025 in terms of revenue, followed by North America.
The picosecond fiber laser market is expected to grow at a CAGR of 11.4% during the forecast period.
Quasi-CW green fiber laser is the fastest growing type in terms of revenue in the global visible fiber laser market, with a CAGR of 46.0% from 2018 to 2025.
Mexico is the fastest developing region in the North America fiber laser market, growing at a CAGR of 11.2% from 2018 to 2025.
Asia-Pacific and North America collectively contributed more than two-thirds to the market revenue in 2017. In the same year, Asia-Pacific dominated the market, in terms of revenue, owing to increased demand of fiber lasers in electronics and automotive industry.
The report provides an extensive competitive analysis and profiles of the key market players, such as Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF, and Toptica Photonics AG. The other players in the value chain (not included in the report) include O.R. Lasertechnologie GmbH, Sigma Mechatronics Pvt. Ltd., and SPI Lasers Limited.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Fiber Laser Market Size To Develop Lucratively By 2019-2027
Fiber Laser Market – Introduction
Fiber Laser is laser where the active medium being used in an optical fiber that has doped in rare elements such as erbium, ytterbium, neodymium, thulium, praseodymium, holmium or dysprosium.
A fiber laser is a special type of laser in which beam delivery as well as the laser cavity is integrated into a single system inside an optical fiber with the beam generated within the fiber, unlike conventional lasers where the beam is generated outside and sent into the system.
Fiber Laser Market- Competitive Landscape
On May 2017, Management software solutions provider Lantek Systems had signed a partnership agreement with fiber laser manufacturer Nukon to supply Lantek software with its machines. Nukon’s range of fiber laser machines is available in power levels up to 6kW and have an option for linear drives, which gives acceleration of up to 3G. On February 2014, IMRA America Inc. and Trumpf GmbH + Co. KG announced partnership to combined capabilities of fiber lasers in the picosecond regime
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TRUMPF GmbH & Co KG
Founded in 1923, TRUMPF GmbH & Co KG is located in Germany. The company provides machine tools, laser technology, and electronics for industrial applications, printing, drill driver, slat cleaners, seam locker, power fastener, profile nibbler, induction generators, storage system, and automation equipment. With 13,400 employees, the company generated a sales of 3,566 million euros in the 2017/18 fiscal year.
NKT Photonics A/S
Established in 1972, NKT Photonics A/S is located in the US. NKT Photonics A/S is one of the leading supplier and manufacturers of high-performance fiber lasers, fiber optic sensing systems, and photonic crystal fibers. It offers super continuum lasers, super continuum accessories/filters, single frequency lasers, OCT systems and sources, ultrafast laser solutions, gain modules and double-clad fibers, fiber delivery solutions, photonic crystal fibers, imaging systems, pulsed lasers, and specialty fibers.
Coherent, Inc.
Established in 1966, Diodes Incorporated is located in the US. Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally.
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Apollo Instruments, Inc
Founded in 1996, AEG Power Solutions is located in the US. Apollo Instruments, Inc. is a global leader in today’s laser diode market. The laser diode products based on this technology can be used for an array of applications including material processing and medical research. The diode sources are highly suitable for solid-state laser pumping, material process.
Highly Reliable and stable compared to other type of fiber laser is driving demand for Fiber Laser
Fiber Laser is highly powerful, reliable and stable compared to other types of lasers. High beam quality is provided by fiber lasers. It is also compact and portable, and is relatively easier to use. It has high optical and electrical efficiency. The total cost of ownership involved is much lower, and it has a high immunity to tough environmental conditions and changes. The amplitude noise is low and also has low jitter. Users are able to select the wavelengths and have precise beam control with a fiber laser.
Manufacturers Focus on Innovative Techniques to Enter Developing Fiber Laser Market
Fiber laser technology is attracting a great deal of attention due to its numerous applications in fields as diverse as micromachining, biology and medical sciences or telecommunications and its potential as a substitute for solid-state lasers in industrial and technological applications. Manufacturers in the Fiber Laser market are increasingly investing in the research and development activities to find new and innovative techniques to develop Fiber Laser. The Fiber Laser market is highly fragmented with the presence of several manufacturers, especially in the developing regions. Moreover, with the increasing number of manufacturers, product differentiation has become vital to gain competitive edge in the Fiber Laser market.
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Ophthalmic Femtosecond Lasers Market Size by 2018 Opportunities | Vendors | Drivers| Challenges | Developments | Forecast
Femtosecond laser are ultrafast and ultrashort lasers that release optical pulses 10-15/seconds. The generation of short pulses are achieved by using the passive mode locking technique. This technique is used for generating pulses of light in very short duration (such as for picosecond or femtosecond durations). The femtosecond lasers are popular among ophthalmologists, as such devices help in simplifying and avoiding complex processes of open surgeries. Flap creation in laser in situ keratomileusis (LASIK) is the most common use of this type of laser. It can also be used for other corneal refractive procedures, cataract surgery, and lamellar and full thickness corneal transplantation.
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The femtosecond laser allows thin and uniform flaps that improve the stability, safety, and precision of the flaps. Added advantage of the femtosecond laser is that it allows the medical doctor to select the cutting angle, position, and diameter of the hinge, as well as the flap diameter and flap thickness, which may offer better flap stability and reduce clinical epithelial ingrowth.
According to Centre for Disease Control and Prevention (CDC), cataract is the prominent blinding condition in the 116 countries enclosed by the Blindness Data Bank in the World Health Organization (WHO) Program for the Prevention of Blindness, nearly 42 million people were affected by severe loss of vision, with cataract being the main cause in 17 million of these cases in 2014. Cataract was the prime cause of blindness in 43.6% of country reports in the same year.
Potential target population in the U.S.
According to Centre for Disease Control and Prevention in 2015, approximately 20.5 million people in the U.S. suffered from cataract, mainly those aged 40 years and older. One of the foremost drivers for ophthalmic femtosecond lasers market is an increasing incidence rate of cataract and rising geriatric population. Among emerging economies, cataract is the major cause of severe visual impairment. World Health Organization carried out a population-based prevalence survey for blindness, across various regions in Africa that are not endemic for trachoma or onchocerciasis, and discovered a blindness rate of around 1%, with cataract accounting for 40%-50% of visual loss cases.
Refractive error can include near-sightedness (myopia), astigmatism or presbyopia, farsightedness (hyperopia). There are several surgical actions for correcting or adjusting eye's focusing ability by reshaping the cornea, or clear, round dome at the front of your eye. Other procedures involve implanting a lens inside your eye. According to Centres for Disease Control and Prevention (CDC):
Factors impeding ophthalmic femtosecond lasers market growth
Major factors which are hindering the growth of this market are shortage of ophthalmologists. Owing to the presence of key players in North America occupied the leading position in this market with largest share. Over the impending years, the strong focus of these players on R & D, the availability of healthcare infrastructure and a well-established regulatory Ophthalmic Femtosecond Lasers Market Growth,structure for timely approval of the products are likely to support this regional market to retain its position.
Due to large base of the population, China is expected to emerge as the most attractive domestic market for ophthalmic lasers in Asia Pacific. The Middle East and Africa and Latin America are also projected to witness a considerable rise in their respective markets for ophthalmic lasers in the near future, due to the thriving medical tourism and the low cost of laser eye surgeries in these regions.
Key players operating in the global ophthalmic femtosecond lasers market are IMRA America, Inc., Newport Corporation, Abbott Medical Optics, Alcon, Bausch & Lomb, Carl Zeiss Meditec, and Ziemer Ophthalmic Systems.
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#Ophthalmic Femtosecond Lasers Market Growth#ophthalmic femtosecond lasers market trends#Ophthalmic Femtosecond Lasers Market Share#Ophthalmic Femtosecond Lasers Market Size
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Expense Management Software Market - Developments and Trends, Potential of the Market from 2018-2025
Market Overview
Expense management software is considered one of the imperative financial management software tools which assists enterprises automate and streamline the process of expense report management as well as approval. The software helps in significantly reducing time and efforts that are generally required for submitting, approving, and processing employee expense reports, along with reimbursing the expenses. One of the key aspects that encourages growth is to manage as well as curtail enterprise expenses in a time-efficient and systematic manner. Thus, small and medium-sized enterprises along with large enterprises are now adopting expense management software for increasing organizational efficiency by controlling expenses and automating the process of expense reporting.
The Expense Management Software Market is predicted to depict better growth prospects during the forecast period (2018-2025). It had reached the value of USD 2,349.1 million in 2015 and is expected to touch the valuation of USD 6,599.2 million by 2025. The market is projected to depict a vibrant CAGR of 12.4% during the forecast period.
The centralization of expense-related data in enterprises has been beneficial for the growth of the market. Monitoring of employee expenditure as well as controlling costs, increasing productivity, scalability coupled with improving financial security. Continuous developments in network technologies such as 3G, 4G/LTE, combined with emergence of 5G has been vital to the continuously increasing adoption of smartphones and mobile-based applications. Thus, reduction of the prices of smartphones, in addition to the increased disposable income of consumers has resulted in the rapid adoption of smartphones, and subsequent adoption of expense management software.
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However, lack of interoperability and security concerns can hamper market growth. With that said, broader access to expense portals using mobile applications coupled with the increase in demand for visibility into expenditure is bound to offer numerous opportunities for the market to grow at a tremendous pace in the coming years.
Key Players
The prominent vendors in the global expense management software market include Workday Inc. (U.S.), SAP Concur (U.S.), IBM Corporation (U.S.), Intuit Inc. (U.S.), Zoho Corporation Pvt. Ltd (India), Sodexo (France), Expensify (U.S.), Infor Inc. (U.S.), Insperity (U.S.), Xero Limited (New Zealand), Oracle (U.S.), Coupa Software Inc. (U.S.) and others.
Segments:
The global expense management software market is segmented on the basis of type and end-user.
Depending on the type, the global expense management software market is segmented into PC terminal, mobile terminal, and others. Among these, the PC terminal segment was leading the expense management software market, accounting for the market share of 74%, in the year 2017. Whereas, the mobile terminal segment is striving to attain the valuation of USD 2,250.8 million by 2025.
By end-user, the market caters to small businesses, midsized businesses, and large businesses. Among these, large enterprises grabbed the lion’s share in the global expense management software market, acquiring the market share of 67% in 2017. The segment is predicted to obtain the value of USD 4,193.0 million by the end of year 2025, growing at a CAGR of 11.6% during the review period.
Regional Analysis
The report consists of the region-wise analysis of the global expense management software market in the major regions of the United States (U.S.), Japan, China, Southeast Asia, and India.
US was dominating the global expense management software market with market share of 39% in the year 2017 and valued at USD 1,043.2 million in the year 2017. The market is expected to grow at USD 2,510.3 million by the end of year 2025 with 12.0% CAGR from 2018 to 2025.
The India expense management software market is expected to grow to USD 593.3 million by the end of year 2025 at a CAGR of 14.1% and likely to be the fastest growing region during the forecast period. Europe stands as the second largest market with market share of 27% in the year 2017 and valued at USD 721.9 million in 2017 and is expected to reach USD 1,615.5 million with a CAGR of 11.0%by the end of forecast period.
Intended Audience
technology Investors
research/consultancy firms
technology solution providers
government bodies
financial institutes
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TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Forecast Model 23
5 Market Dynamics
5.1 Overview
5.2 Drivers 25
5.2.1 Centralization Of Enterprise Expense-Related Data
5.2.2 Increase In The Adoption Of Mobile Applications To Monitor Expenses
5.3 Restraint
5.3.1 Lack Of Interoperability And Security Concerns
5.4 Opportunity
5.4.1 Integration With Predictive Analytics
Continued…
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Laser Line Mirrors Market Overview by Size, Segmentation and Growth Factors up to 2027
Laser line mirrors are utilized for bream steering in laser applications. These are optical mirrors which are designed for specific wavelength or laser type. Laser line mirrors are categorized into as Nd: YAG Type, Argon-Ion Type, Laser Diode, and Others.
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Market Drivers
Increase in technological developments is the key driving factor which is expected to boost the global laser line mirrors market growth. For instance, in February 2020, Edmund Optics had launched new ultrafast enhanced silver coating laser application. It is used for build-to-print ultrafast components. Furthermore, Increase in demand for laser line mirrors for manufacturing of microscopes and projectors which are expected to propel the growth of global laser line mirrors market during this forecast period. Moreover, rise in mergers and acquisitions activities by key competitors will drive the global laser line mirrors market growth.
Market Restraints
However, drawbacks of Nd: YAG like low absorption of radiation, and lower efficiency are the restraining factors which are expected to hamper the global laser line mirrors market growth.
Market Segmentation
Global Laser Line Mirrors Market is segmented into product such as Nd: YAG Type, Argon-Ion Type, Laser Diode, and Others. Further market is segmented into application such as Microscopes, Projectors, and Others.
Also, Global Laser Line Mirrors Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Taxonomy
By Type
Nd: YAG Type
Argon-Ion Type
Laser Diode
Others
By Application
Microscopes
Projectors
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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Fiber Laser Market Dynamics, Segments and Supply Demand
According to a new report published by Allied Market Research, titled, “Fiber Laser Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the market was valued at $1,782 million in 2017, and is projected to reach $4,403 million by 2025, growing at a CAGR of 11.9% from 2018 to 2025. Asia-Pacific is anticipated to be the highest revenue contributor throughout the forecast period.
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Fiber lasers consist of long optical fibers containing excellent thermal properties. They allow easy integration of the pump diodes and fiber components. The design of fiber lasers is more compact, efficient, and reliable as compared to conventional lasers.
The major factors that drive the fiber laser market across the globe are continuous technological advancements, high beam quality & lower cost of ownership, and eco-friendly technology. The growth in trend of green manufacturing and increase in concern among material manufacturers regarding the impact of their product on the environment across various industrial sectors have made fiber lasers an attractive choice for cutting and marking applications. Easily automated and energy efficient fiber laser solutions are increasingly replacing the traditional methods such as chemical etching and ink-based printing that are employed for machine marking.
By type, the fiber laser market is segmented into infrared fiber laser, ultraviolet fiber laser, ultrafast fiber laser, and visible fiber laser. The ultrafast fiber laser segment accounted for nearly two-thirds of the market revenue in 2017. This was attributed to its properties such as compact size, high beam quality, wall plug efficiency, and reliability. In addition, ultrafast lasers are manufactured using the technique of chirped pulse application, which suppresses the undesired pulse pedestals and nonlinear optical effects. The ultrafast laser segment is bifurcated into picosecond fiber laser and femtosecond fiber laser. The femtosecond fiber laser segment accounted for nearly three-fourths share of the global ultrafast fiber laser market revenue in 2017.
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High power application is expected to grow at a CAGR of 15.8% in terms of revenue from 2018 to 2025, owing to employment of fiber lasers in cost-effective cutting and welding applications. Marking accounts for the second largest share in terms of revenue, which is attributed to the FDA requirement for marking unique identification number on all medical, dental, and surgical devices for patient safety.
Key Findings of the Fiber Laser Market:
Asia-Pacific is expected to remain dominant from 2018 to 2025 in terms of revenue, followed by North America.
The picosecond fiber laser market is expected to grow at a CAGR of 11.4% during the forecast period.
Quasi-CW green fiber laser is the fastest growing type in terms of revenue in the global visible fiber laser market, with a CAGR of 46.0% from 2018 to 2025.
Mexico is the fastest developing region in the North America fiber laser market, growing at a CAGR of 11.2% from 2018 to 2025.
Asia-Pacific and North America collectively contributed more than two-thirds to the market revenue in 2017. In the same year, Asia-Pacific dominated the market, in terms of revenue, owing to increased demand of fiber lasers in electronics and automotive industry.
The report provides an extensive competitive analysis and profiles of the key market players, such as Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF, and Toptica Photonics AG. The other players in the value chain (not included in the report) include O.R. Lasertechnologie GmbH, Sigma Mechatronics Pvt. Ltd., and SPI Lasers Limited.
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About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 [email protected] Web: https://www.alliedmarketresearch.com Market Pulse: https://blog.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
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