Laser Technology Market Worth $16.9 Billion by 2024 - Exclusive Report by MarketsandMarkets - Seite 2

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Laser technology market in APAC to grow at highest CAGR during forecast period 

The laser technology market in APAC is expected to grow at the highest CAGR during the forecast period. Continuous demand for cost-effective and fast processing laser machine tools from semiconductor, automotive, industrial, and telecommunications verticals are expected to drive the growth of the laser technology market in APAC. APAC has been ahead in terms of adoption of laser technology products and solutions compared to other regions. The region's huge population, increasing R&D investments, and growing manufacturing and electronics sectors are expected to drive the growth of the laser technology market.

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Key players in the market include Coherent (US), IPG Photonics (US), Trumpf (Germany), Lumentum (US), Jenoptik (US), Novanta (US), Lumibird (France), LaserStar (US), Epilog Laser (US), and MKS Instruments (US). These players are increasingly undertaking product launches and mergers and acquisitions to increase their market shares.

Please Explore Relevant Report "Laser Processing Market" also.

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