1064nm Laser Market was valued at USD 3.45 Billion in 2022 and is projected to reach USD 5.68 Billion by 2030, growing at a CAGR of 7.50% from 2024 to 2030.
The 1064nm laser market has witnessed significant developments between 2018 and 2022, with steady growth driven by innovations in laser technology and expanding applications across industries such as healthcare, manufacturing, and telecommunications. The demand for 1064nm lasers, known for their versatility and efficiency, saw considerable adoption in medical procedures, industrial applications, and optical communications. In the healthcare sector, lasers with a 1064nm wavelength have become indispensable for non-invasive surgeries, such as skin treatments and ophthalmic procedures, driving market demand during this period.
In manufacturing, 1064nm lasers were utilized for precision cutting, welding, and marking, contributing to the robust growth of the industrial laser market. This period also saw a growing demand for fiber lasers and diode-pumped solid-state lasers operating at 1064nm, leading to advancements in laser technology and an increased market share. Additionally, 1064nm lasers played a critical role in optical communications, offering higher efficiency and low signal loss, which fueled their adoption in telecommunications infrastructure.
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As we transition into the period from 2023 to 2033, the demand for 1064nm lasers is expected to surge due to new technological advancements and broader application areas. In the medical field, the demand is anticipated to rise with the continuous development of minimally invasive treatments. For example, the use of 1064nm lasers for laser hair removal, dental surgeries, and retinal treatments is expected to expand further, driven by the growing preference for non-invasive and highly precise medical solutions.
Moreover, the industrial sector will continue to benefit from the enhanced capabilities of 1064nm lasers, with applications in additive manufacturing, micro-machining, and advanced material processing. As industries push for greater automation and efficiency, the demand for these lasers is projected to grow. Additionally, the increasing adoption of 1064nm lasers in emerging technologies like autonomous vehicles and smart manufacturing systems will create new opportunities in the market.
The telecommunications industry is also expected to contribute significantly to the growing demand for 1064nm lasers, especially with the expansion of 5G networks and the need for high-speed optical communication. The shift towards high-bandwidth data transmission and the need for more efficient and cost-effective solutions will further drive the adoption of 1064nm lasers in these applications.
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RPMC Lasers
Inc.
HÃœBNER PHOTONICS
Edmund Optics
NP Photonics
Sintec Optronics
MPB Communications
Changchun New Industries Optoelectronics Tech. Co.
Ltd.
Laser-compact
CrystaLaser
LD-PD
NKT Photonics
HT Laser
Lumentum
Coherent
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 Global 1064nm Laser Market
Biomedical Science
Optical Instruments
Communications
Others
Based on Types the Market is categorized into Below types that held the largest 1064nm Laser market share In 2023.
Single Mode Lasers
Multimode Lasers
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global 1064nm Laser 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. Global 1064nm Laser Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global 1064nm Laser Market, By Type
6. Global 1064nm Laser Market, By Application
7. Global 1064nm Laser Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global 1064nm Laser Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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