Lasers Systems Market size was valued at USD 12.4 Billion in 2024 and is projected to reach USD 20.5 Billion by 2033, exhibiting a CAGR of 6.1% from 2026 to 2033.
South Korea's laser systems market is experiencing significant growth, driven by advancements in technology and increasing demand across various industries. The market encompasses a range of laser types, each catering to specific industrial requirements.
South Korea is pioneering the deployment of laser weapons, notably the "StarWars" project developed with Hanwha Aerospace. These systems are designed to neutralize North Korean drones efficiently, with each silent and invisible shot costing approximately 2,000 won ($1.45). The lasers disable drones by targeting their engines or electronic components with focused beams lasting 10 to 20 seconds.
CO2 Medical Lasers: The market generated $18.5 million in revenue in 2023, with expectations to reach $45.1 million by 2030, growing at a CAGR of 13.6%. Dermatology is the largest and fastest-growing application segment.
Dental Lasers: Revenue stood at $5.4 million in 2023, projected to grow to $9.1 million by 2030 at a CAGR of 7.8%. Dental surgical lasers dominate this segment.
Picosecond Lasers: With a revenue of $3.2 million in 2023, the market is anticipated to reach $5.6 million by 2030, growing at a CAGR of 8%. Nd:YAG technology leads, while Alexandrite is the fastest-growing segment.
Laser cutting machines are integral to South Korea's electronics, shipbuilding, and automotive industries. The integration of automation and robotics with laser cutting has revolutionized manufacturing processes, enhancing efficiency and reducing errors. Fibre lasers, in particular, are extensively used for cutting, welding, and marking operations, offering superior precision and speed.
The laser sensor market in South Korea is projected to grow from $50 million in 2024 to $112.6 million by 2030, at a CAGR of 15.1%. These sensors are crucial in semiconductor and electronics industries, facilitating precise measurements and quality control.
Hospitals are the primary distribution channels for ophthalmic lasers in South Korea. Key players include Lensar Inc, Johnson & Johnson Vision Care Inc, and Carl Zeiss Meditec AG. The market covers various laser types such as femtosecond, excimer, and YAG lasers, catering to different ophthalmic procedures.
Overall, the diverse applications and increasing industrial requirements are propelling the growth of South Korea's laser systems market, making it a significant player in the global arena.
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Amplitude Laser
DANTEC DYNAMICS
Coherent
IPG Photonics
ProelTSILaser
Haas Laser Technologies
Sisma
Radiant Light
Leister Technologies
Wuhan HGLaser Engineering
LaserStar Technologies
ALPHA LASER
LPKF
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Lasers Systems Market
Solid-State Lasers
Gas Lasers
Diode Lasers
Fiber Lasers
Semiconductor Lasers
Industrial Manufacturing
Medical and Healthcare Applications
Aerospace and Defense
Telecommunications
Research and Development
Automotive
Electronics
Healthcare
Military
Construction
Low Power Lasers (up to 5W)
Medium Power Lasers (5W - 100W)
High Power Lasers (above 100W)
Laser Cutting Systems
Laser Welding Systems
Laser Marking Systems
Laser Engraving Systems
Laser Drilling Systems
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Lasers Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Lasers Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Lasers Systems Market, By Type
6. South Korea Lasers Systems Market, By Application
7. South Korea Lasers Systems Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Lasers Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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