The demand for advanced technology and, specifically, the use of lasers in new applications, has been quickly growing across the defense and security, industrial, and medical industries. According to the research firm MarketsandMarkets, the global laser technology market is set to become a $17 billion industry by 2020.
The combination of downward pressure on manufacturing costs, emerging innovative applications, and technological advancements in each of these three markets is a driving force behind this revolution. The laser systems industry is already beginning to see huge growth opportunities that are sure to continue in the near future.
Defense and Security
There has been an increased demand for laser system technology in the defense and security industries; more military applications now require laser weapons, and technology is shifting from lamp-pumped range finders to diode-pumped solutions.
In terms of quantity, laser range finders are the highest demand application in the defense industry. Compared to conventional weapons, high-power lasers have the ability to reduce cost per shot, and new classes of lasers will continue opening more opportunities for additional growth within the industry.
In the industrial sector, we are seeing growth in both macro and micro machining applications, such as direct diode and fiber laser-based cutting. Lasers can reduce costs as well as provide more benefits, capabilities, and new manufacturing processes than traditional non-laser material processing techniques.
Continued laser price reductions will help with the reliability and lifespan of equipment in the industrial market. Overall, improved machined part quality and cost will also create more opportunities in the industrial manufacturing sector.
Lasers are steadily replacing non-laser technologies in the medical industry because they produce stronger results for patient outcomes, such as the popular use of femtosecond lasers in LASIK eye surgery. When a laser’s wavelength is matched with human tissue absorption, it can result in less bleeding and faster healing.
An increasing number of medical applications — from disease diagnosis and dentistry, to cosmetic procedures and tattoo removal — would benefit from the advancement of laser processing technology. Improved laser technology and resulting patient successes create a heightened demand for these procedures.
Laser Technology Advancements
Lasers have been used in National Lab particle accelerators for many years. However, recent technological advancements have broadened laser capabilities to include particle expansion, which can be used in operational systems ranging from no-risk, nonintrusive beam diagnostics to elaborate applications with high technical readiness levels, such as photo injectors providing high brightness electron beams.
Another recent and impactful development in the attempt to create smaller lasers has been one that works off room temperature and the light from telecommunications. These lasers, one-fifteenth the size of the light they produce, operate more efficiently by carrying large amounts of data at a much faster rate than semiconductor electronics.
Laserage Technology Corporation follows and adapts to changing industry demands as new technologies continue to emerge. Laser size, energy efficiency, and output stability are all factors that customers cannot necessarily see, but can greatly affect cost and equipment consistency. At Laserage, we recognize the importance of these shifting trends and have tailored our services to maximize processing flexibility with these laser capabilities in mind.
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