LASER & PHOTONICS MARKETPLACE SEMINAR 2018 SUMMARY REPORT 6
such as electricity and computing technology. It
turns out that such processes take time and we
may just be seeing the beginning of the full laser
diode technology revolution. More observations
on the subject appeared in a January 2018 arti-
cle written by Keeney and colleagues.
Global laser markets: Insights and forecasts
ALLEN NOGEE, Laser Analyst for Strategies Unlimited
Keenly awaited, the review of laser markets
by Allen Nogee, president of Laser Markets
Research, started with truly good news: There
is solid growth on all fields, and some laser market segments showed exceptionally good numbers (see Fig. 3).
Nogee looked at national economies first,
where the U.S. debuted with a 3.0% increase
in industrial production after two negative years
and a gross domestic product (GDP) growth of
2.3%. Europe delivered similar numbers (GDP
+ 2.3%, industrial production + 3.8%), while
China’s growth (GDP +6.6%; industrial production +6.5%) gives hope for healthy development there and in global markets as well.
And the outlook for 2018 and 2019 remains
sunny: The worldwide GDP growth should re-
main above 3%.
The market for laser sources with its various
niches did remarkably better than the general
economy with 19.5% revenue growth. While
the total market for laser sources is estimated at
$12 billion, the largest parts of it grew by 18%
(lasers for communications) and even 49% (
kilowatt lasers for materials processing).
Driven by the advent of fiber lasers, the revenue for metal cutting lasers went up 32.8%. For
high-power laser welding (plus brazing), Nogee
noted 125% growth. This number may be influenced by some manufacturers’ sales numbers,
where the use for cutting or welding was not spec-
ified. For the whole market of kilowatt lasers for
FIGURE 3. Laser Analyst
Allen Nogee describes the
global economic trends
helping laser markets,
which had a great 2017.