New analysis from Frost & Sullivan (industrialautomation.frost.com), World Carbon-dioxide and Solid-state Lasers Markets, finds that the market earned revenues of $2,813.0 million in 2005 and estimates this to reach $5,034.2 million in 2012.
If you are interested in a virtual brochure, which provides manufacturers, end-users, and other industry participants with an overview of the global carbon-dioxide and solid-state lasers market, send an e-mail to Sara Villarruel, Corporate Communications, at sara.villarruel[.]frost.com with your full name, company name, title, telephone number, fax number and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
The ease of integrating laser-enabled solutions and their ability to process multiple applications drives this market. Also, the decreasing cost of lasers encourages increased acceptance among end-users, leading to substantial revenue growth.
The carbon-dioxide and solid-state lasers used in building machine tools dominates the revenues produced by end-users, followed by lasers used for medical applications.
“The market is likely to experience high growth rates in the coming future, greatly fueled by the developing economies such as Brazil, Russia, India and China (BRIC),” notes Frost & Sullivan Research Analyst Virein Kumar Yadlapalli. “Penetration of carbon-dioxide and solid-state lasers into these latent regions can enable participants to better explore the opportunities presented by these unexplored potential markets.”
Moreover, an increased number of laser-enabled machine installations will likely result from the allure of low wages encouraging major western manufacturing companies to setup bases across developing nations.
However, present day laser manufacturers face a setback in the form of initial investment required for the laser deployment and operational costs of a laser-enabled machine. In addition, the price performance awareness level of the end-user has constrained the fast paced adoption of these types of lasers.
By exploring innovative solutions, manufacturers in this technology-driven lasers market will better address end-user’s needs. Intense competition coupled with a shortage of resources, challenges manufacturers to manage funding to sustain developmental activities.
“Reliability of the laser, workability, operational costs, and a few other key issues need to be addressed to drive greater adoption of this technology,” explains Yadlapalli.
The growth of the carbon-dioxide and solid state laser market depends largely on research and development efforts as well as continued investments in training-related activities directed toward educating end-users. Seminars, workshops and other such efforts will likely facilitate increased levels of awareness contributing to greater market acceptance.
Persistence in producing value-added innovation and a dedication to being customer-driven can ultimately contribute to the success of laser manufacturers.
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