MarketResearch.com has announced the addition of the new report “Global Markets for Laser Systems, Components and Materials — Focus on the Americas” to its collection of Electronics market reports.
The report stated that the contribution of the U.S. to the global market for lasers will decrease by 3.6% in terms of dollar sales and by 4.5% in terms of shipment sales during the 2011 to 2016 forecast period.
The average selling price (ASP) of lasers sold in the country will decline by 9.7% during the same period.
Lasers are not a new invention by any yardstick. Indeed, most of the mainstream laser categories were invented close to 5 decades ago. The newest laser categories covered in this report are fiber lasers, which became commercially available over the last 5 years. The operating philosophy and principles are pretty much the same. In spite of this relative calm on the theoretical front, lasers continue to be part of cutting edge devices across verticals.
A cursory look at the applications of lasers reveals that not only are lasers part of the state of the art, they are instrumental in driving the state of the art itself. The continuing appeal of lasers underlines the sovereignty of their value proposition, which can be summed up as coherent, powerful, and pure light.
The generic nature of lasers’ appeal also leads to interesting dilemmas. It is impossible to characterize the laser market as a whole. The picture of its market is a combination of pictures created by the dynamics of the verticals that lasers are employed in and created by the dynamics of raw materials that lasers employ.
This disparity is manifested most clearly in the wide range of average selling price values of its modules depending on the application and the energy medium. These values can range from as little as a dollar to tens of thousands of dollars. It would not be out of place to mention that lasers are a fairly accurate indicator of the health of the markets at large.
This report is an attempt to list, elaborate, highlight, and analyze the multitudes of demand and supply side dynamics of lasers at large.
The global market for lasers was $ 7.1 billion in 2010 and reached an estimated $ 7.9 billion in 2011. The market is expected to rise at a compound annual growth rate (CAGR) of 9.5% and reach nearly $ 12.5 billion by 2016.
The contribution of the Americas region will change from 29.5% in 2011 to 27.5% in 2016. This market segment reached nearly $ 2.3 billion in 2011 and is estimated to reach $ 3.4 billion by 2016, a CAGR of 7.9% over the five year period.