Technavio Names Top Five Global Semiconductor Laser Vendors in the Market from 2016 to 2020
Technavio has announced the top five leading vendors in their recent global semiconductor laser market report until 2020. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.
Healthcare: largest semiconductor laser application segment
According to the report, the healthcare segment of the semiconductor laser market will grow at a CAGR of 10.08% during the forecast period due to growing adoption of lasers in the medical segment. Lasers are used to treat a broad range of conditions, including skin photodamage, dyschromia, wrinkles, unwanted hair and tattoos, and facial veins. Many of these treatments are also cost effective in comparison to conventional surgical procedures.
Competitive vendor landscape
The evolving consumer needs for high power output, high processing speeds, and greater penetration constitute a key strategic component for semiconductor laser manufacturers across the globe. All major vendors are accelerating their R&D initiatives to broaden their laser portfolios. Vendors are focusing on expanding R&D activities to enhance the output power range of lasers, enhancing the performance of high-power lasers such as solid-state lasers, CO2 lasers, and diode lasers.
In 2015, Rofin-Sinar, a US-based laser manufacturer, spent USD 40 million on enhancing its laser product line. Similarly, Coherent, another US-based laser manufacturer, spent USD 81.5 million in 2015 for developing products to meet consumer applications and improve performance.
“Core competencies of the market vendors include solid-state lasers, CO2 gas lasers, precision optics, ultrashort pulse lasers, fiber lasers, and fiber optics. They focus on customer-centric development activities such as alliances and joint development programs across a range of target markets,” says Asif Gani, a lead analyst at Technavio for research on semiconductor equipment.
Top five market vendors for semiconductor laser
Coherent was established in 1966 and is headquartered in California, US. The company is involved in the design, manufacture, and marketing of lasers and laser-based technology for commercial and scientific applications. The company’s application markets include microelectronics, materials processing, OEM components and instrumentation, and scientific research and government programs. The company’s manufacturing strategies are utilizing vertical integration in the process to maintain high-quality products and rapid development and deployment of products.
Novanta group is involved in the design, manufacture, and marketing of photonic-based solutions such as laser products, medical technologies, and precision motion products. It believes in continuous learning through its Kaizen events and focuses on continuous operational and productivity improvements.
The company aims to achieve sustainable growth by continuously improving and upgrading its technology and products to achieve increased sales from both medical and industrial laser applications. It also believes in broadening its portfolio by continuous acquisitions of innovative technologies and solutions and new product developments.
Han’s Laser is a China-based manufacturer of professional laser equipment such as laser markers, cutters, welders, and engravers. The company believes in developing a technology leadership in the industry, and thus has developed strong R&D abilities, with more than 300 patents and a few software copyrights. It also believes in delivering quality products and, therefore, examines every product according to new international standards before releasing it into the market.
Rofin-Sinar Technologies is a US-based company that was established in 1975. The company designs, manufactures, and sells laser-based system solutions and laser sources for material processing applications including welding, cutting, and marking materials. Its products include CO2, solid-state, fiber, diode, ultrashort pulse, manual welding, and short pulse lasers, as well as lasers for marking, and laser systems.
The company sells its products directly to end users and original equipment manufacturers. It operates through three major segments: laser marking and micro products, laser macro products, and components.
TRUMPF is a subsidiary of TRUMPF GmbH + Co. KG. It was founded in 1969 in North America. The company manufactures laser machine tools and operates through three business segments: machine tools, laser technology and electronics, and medical technology. The machine tools segment consists of machines that are used for flexible sheet metal and material processing. The laser technology segment serves cutting, welding, and marking applications. The power tool segment involves tools for slicing, fastening, and shaping, while the electronics segment serves laser, induction, and vacuum technology applications. The medical technology segment offers surgery tables and systems for physical therapy and surgery.