Lasers and optics have significant applications in a wide range of industries including semiconductor and micro-processing, medical lasers, defense and military, instrumentation and sensors, and cutting and welding. Both these segments have been identified as having immense scope for innovation, commercialization, and expansion over the coming years.
The laser market is estimated to develop at a healthy growth rate over the next five years. The consumer electronics, medical, and communication sectors are the leading consumers of laser technology, and technological advances in the industrial market are anticipated to boost the demand for lasers over the years to come. Leading players in this market are Trumpf (U.S.), IPG Photonics Corporation (U.S.), Newport Corporation (U.S.), Rofin-Sinar (Germany), Coherent, Inc. (U.S.), JDS Uniphase Corporation (U.S.), and Cymer, Inc. (U.S.).
The optics market, on the other hand, is fueled by rising investments in IT and telecommunication sectors, upcoming projects in emerging economies such as India, China, and Brazil, growing demand for broadband connection, and construction of 3G/4G mobile networks. The notable players competing in the optics market include Corning Inc. (U.S.), Yangtze Optical Fiber and Cable Co. Ltd. (China), Prysmian SpA (Italy), Sterlite Technologies Limited (India), and Fujikura Limited (Japan).
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