PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1796199
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1796199
The laser optics market is projected to reach USD 19.23 billion by 2030 from USD 10.97 billion in 2025, at a compound annual growth rate (CAGR) of 11.9% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Billion) |
Segments | By components, application, end user industry, and region |
Regions covered | North America, Europe, APAC, RoW |
Key drivers of the laser optics market include the increasing demand for high-precision manufacturing processes, as lasers enable clean cuts and reduced waste in industries such as automotive and electronics. Advancements in laser technology-including fiber and ultrafast lasers-are expanding applications in sectors like telecommunications, medical devices, and additive manufacturing. The rapid growth of data consumption and the rollout of 5G networks are fueling demand for laser optics in data centers and telecommunications infrastructure. Additionally, the shift toward automation and Industry 4.0 is boosting the adoption of laser optics for efficient, automated production lines.
"The telecommunication end-user industry is estimated to account for the largest market share during the forecast period."
Telecommunications are expected to have the largest market share in laser optics during the forecast period due to high speed in global networks, which increases the demand for reliable data transfer. Digital solutions, cloud computing, and the expansion of 5G infrastructure are accelerating the adoption of optical communication technologies in the telecommunications industry. Laser-based systems, such as VCSEL and optical transmitters, provide significant benefits over traditional radio frequency methods, including more bandwidth and minimal intervention, which are important for modern telecommunications. In addition, the expansion of hyperscale data centers and the distribution of the inter-satellite optical link market growth will further improve in this segment.
"Optical communication application is set to exhibit the second-highest CAGR during the forecast period."
Optical communication in laser optics is estimated to experience significant growth during the forecast period, which is driven by increasing global demand for high-speed, high-bandwidth data transfer. Laser communication systems offer significantly higher data rates than traditional radio frequency methods, with modern solutions reaching up to 100 Gbps. They also provide lower latency connections, making them ideal for applications such as satellite communications, data centers, and terrestrial networks. The rapid expansion of cloud computing, IoT, and 5G infrastructure increases the requirement for reliable, high-capacity optical links. In addition, laser modulation, outdoor optics, and innovations in Inter-satellite connections make optical communications indispensable for the next generation of global networks.
"Europe to account for significant market share during the forecast period"
Europe is estimated to experience significant growth in the laser optics market during the forecast period, and operates with its advanced production, substantial investment in research and development, and strong adoption of the Industry 4.0 initiative. Countries such as Germany, the UK, and France lead this expansion. Germany dominates the market for its motor vehicle and industrial production strength. The region's focus on automation, accurate design, and technological innovation is to meet the demand for laser systems in the automotive industry, aviation, and medical equipment. In addition, the increasing use of lasers in telecommunications, medical diagnosis, and industrial processing further drives market growth in Europe.
The report profiles key laser optics market players with their respective market ranking analysis. Prominent players profiled in this report include Coherent Corp. (US), TRUMPF (Germany), Han's Laser Technology Industry Group Co., Ltd (China), IPG Photonics Corporation (US), JENOPTIK AG (Germany), Edmund Optics Inc. (US), Laser Components (Germany), Sumitomo Electric Industries, Ltd. (Japan), Shanghai Optics (US), and Lumentum Operations LLC (US).
LaCroix Precision Optics (US), Perkins Precision Developments (PPD) (US), Avantier Inc. (US), FISBA (US), IRD Glass (US), MOK Optics Co. Ltd. (China), Castech, Inc (China), MLD Technologies LLC (US), TecOptics Inc. (US), Aperture Optical Sciences (US), Zygo Corporation (US), Thorlabs (US), Hangzhou Shalom Electro-optics Technology Co., Ltd. (China), EKSMA Optics (Lithuania), and Omega Optical (US) are among a few other key companies in the laser optics market.
Research Coverage
The report defines, describes, and forecasts the laser optics market based on components, applications, end-user industry, and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the market's growth. It also analyzes competitive developments such as product launches, acquisitions, expansions, and actions carried out by the key players to grow in the market.
Reason to Buy This Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue for the overall laser optics market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insight to position their business better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key drivers, restraints, opportunities, and challenges.