Laser Technologies, Components & Applications Market Forecast $19.88 Billion in 2017

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MarketsandMarkets Presents
 Laser Technologies Market Forecast 19.88
Billion - 2017
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ser-technology-market-795.html
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According to a new market research report Laser
Technologies, Components Applications Market
Global Forecast Analysis (2012
2017) published by MarketsandMarkets
(www.marketsandmarkets.com), the total laser
market is expected to reach 19.88 billion by
2017 at a CAGR of 19.2 from 2012 to
2017. Browse gtgt 88 market
data table on Laser Technology Market
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• Since the early period of laser history, laser
  research has produced a variety of improved and
  specialized laser types, optimized for different
  performance goals, including
• new wavelength bands
• maximum average output power
• maximum peak pulse energy
• maximum peak pulse power
• minimum output pulse duration
• maximum power efficiency
• minimum cost
• and this research continues to this day.

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Lasing without maintaining the medium excited
into a population inversion was discovered in
1992 in sodium gas and again in 1995 in rubidium
gas by various international teams. This was
accomplished by using an external maser to induce
"optical transparency" in the medium by
introducing and destructively interfering the
ground electron transitions between two paths, so
that the likelihood for the ground electrons to
absorb any energy has been cancelled. The green
lasers can prove to be a vital technology in
terms cost reduction and output power. The laser
industry is surging briskly not only in terms of
technological advances, but also in terms of
implementation in new applications sectors. With
the advent of globalization, economies have
expanded and lasers are used for more widespread
industrial applications linked to automation and
next generation technologies.
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The primary factors that are going to drive the
laser technologies market in the near future are
increase in military spending, growth in the
automotive industry, advancement in the
industrial market, and wide application in
medical treatment. Laser technology is taking a
quantum leap in the field of healthcare. Laser
technology is prevalently used in applications
like cutting and welding, marking and engraving,
skin care etc. The new Dynamic Light Spot
technology, introduced in a concept car called
the BMW i8, would identify and illuminate
perambulators with a bright, targeted beam, which
would resemble the sunlight.
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