One Belt, One Road
With the Silk Road Initiative, China aims to build a global infrastructure network
Projects completed and planned: December 2015
Projects subsumed under OBOR
by the Chinese authorities:
planned or under
planned or under
Ports with Chinese engagement:
planned or under construction
Maritime Silk Road
of the 21st Century
Silk Road Economic Belt
AIIB Founding States
LASER & PHOTONICS MARKETPLACE SEMINAR 2018 SUMMARY REPORT 8
Among the things to watch are direct diode laser applications and ultrashort-pulsed lasers (a.k.a.
ultrafast lasers). Both types of lasers are on the
brink of a market breakthrough and above-average revenue growth is expected. Excimer lasers,
in contrast, have seen a fabulous year in 2017, but
the market may soon be saturated.
In painting the overall economic picture, Nogee
showed the long-term annual growth rate of
10.8% on average for 20 major laser companies.
The growth for 2018 may be less than in 2017,
but still substantially above the long-term average.
As he ended his presentations, he noted, “There
is more good news ahead.”
Nogee added that the numbers he present-
ed during the Seminar were based on updat-
ed data from the estimates for the laser mar-
ket review article in the January 2018 issue of
Laser Focus World. In addition, data present-
ed during the Seminar did not include informa-
tion from fourth-quarter reports by public pho-
tonics companies. A complete and final version
of the data will be published in March 2018 by
Policy & Practice: Changes in the Chinese laser markets
BO GU, Ph.D., Bos Photonics
The $12.5 trillion Chinese economy is now the
second biggest after the U.S., which is $19 tril-
lion. Yet even now, the Chinese markets are deci-
sive for many areas such as the automotive sector.
And the laser industry strongly depends on these
sectors. Not surprisingly, the expectations for Bo
Gu’s presentation on changes in the Chinese la-
ser market were high.
He delivered both short- and mid-term predictions for the Chinese laser market. Most alarming might be his predictions for high-power laser sales. While the low-power laser market in
FIGURE 5. Bo Gu
described the coming
impact of the Chinese
Belt One Road (OBOR)
project, which envisions
several new corridors of
commerce around China.