Global Market of Lasers 2026

What’s new?

• Our forecasts have been fully revised to reflect the slowdown in the laser market and are now extended through 2030.

• Industrial activity has weakened, impacting overall market dynamics.

• Datacom growth remains solid and in line with expectations, although slightly below our previous projections.

• We refined our analysis of optical storage and medical applications and introduced new applications, including FOG and RLG.

• The automotive forecast has been updated to reflect the accelerating adoption of in-cabin monitoring systems.

• As expected, the mobile market continues to show limited growth and is no longer a key growth driver for laser diodes.

• 3D sensing growth in 2024 was below initial expectations.

Report objectives:

• To present a comprehensive overview of the global laser sources market for 2024, segmented by the most common technologies and their applications. 
• Includes a detailed definition of laser sources, systems, and sub-systems, as well as an analysis of the laser value chain.
• Get key market figures such as revenues by application, average selling price (ASP), and unit sales by technology are discussed.
• Examines the factors influencing the 2025 global laser market evolution, broader industry trends, and subsegments like industrial lasers, sensing, instrumentation, automotive, and consumer electronics.
• Provides a geographical revenue breakdown for APAC, EMEA, and North America, and offers a detailed forecast for 2024-2030, highlighting sales revenue and unit growth across segments and subsegments.
   

The 2024-year unrest strained supply chains; many sectors grew, but lasers fell 6% as ASPs for DPSSL/semiconductor/fiber lasers plunged. AI-driven semiconductor and datacom demand boosted diode/VCSELs, while industry sales reduced.

Leading datacom suppliers converted the AI infrastructure boom into strong volumes of 400G and 800G transceivers—accelerating the pull for diode lasers and VCSELs. Across Asia, and particularly in China, a new cohort of transceiver specialists emerged, and several incumbent laser companies pivoted away from legacy industrial exposure toward optical interconnects.

Semiconductor and datacom momentum favored diode lasers and VCSELs. For industrial processing, fiber lasers and DPSSLs benefited from renewed demand in PCB, polymer, glass/ceramic and semiconductor-related workflows, even as pricing pressure diluted the revenue uplift. Meanwhile, high-power fiber lasers remained strategically important in cutting and welding—particularly for battery manufacturing and heavy fabrication.

3SP Technologies, Accelink, Adtran Inc. (Adtran & ADVA), Alcon Surgical, Alma Lasers, AMADA Co. Ltd., Amplitude Laser Group, ams-OSRAM AG, Applied Optoelectronics, INC. , Areté , Arima Lasers Corp., ASML, Bausch+Lomb Surgical, Beijing Beamtech Optronics Co., Ltd., Broadcom Inc., BWT Beijing Ltd., Candela, Carl Zeiss Meditec Group, Cilas, Civan Advanced Technologies ltd., COHERENT Corp., Cutera, Dogain Optoelectronic Technology Co.,Ltd., EdgeWave GmbH, EKSPLA, El.EN. S.p.A., EO Technics, Ermaksan Makina Sanayi Ve Ticaret A.S., Everfoton Technologies Co.  Ltd., Exail SAS, Excelitas Technologies Corp., Focuslight Technologies, Inc., Fotona d.o.o., Fujikura, Furukawa Electric Group, Gigaphoton, GW Laser Technology LLC, Hamamatsu Corp., Han's Laser, Hisense, Hitronics Technologies Inc., Huawei, IMRA America, Inc., Infinera, IPG Photonics, Iridex, JENOPTIK Optical Systems GmbH, JPT Opto-electronics Co., Ltd, Kyocera Sld Laser, Inc., L3Harris Technologies, LASOS Lasertechnik GmbH, Leonardo DRS, Inc., Leonardo Electronics US Inc., LIGHT CONVERSION, Lumenis, Lumentum, LUMIBIRD, Lumics GmbH, Luxinar Inc., MAXPHOTONICS Co. Ltd, Mitsubishi Electric, MKS Instruments, Inc., NICHIA, NIDEK, NKT Photonics Inc., nLIGHT, Inc., Northrop Grumman Corp., Novanta, NTT Innovative Devices Corp., Nuvoton, OmniGuide , OXIDE Corporation, Photonics Industries International, Inc., Renishaw, Inc., Rheinmetall Aktiengesellschaft (ILEE), Santec Corp., Shandong Huaguang Optoelectronics Co Ltd, SHARP , Shenzhen Xinghan Laser Technology Co., Ltd. (X Photonics), SLTL Group, SMEE, Sony Semiconductor Solutions Group, Sumitomo Electric Industries Ltd., Sumitomo Heavy Industries Ltd. , Suresh Indu Lasers Private Ltd., Suzhou Everbright Photonics Co., Ltd., Teledyne Technologies Inc., THALES, Thorlabs, Inc., TOPTICA, TRUMPF Group, United Winners Laser Co., Ltd, USHIO Inc., Vertilite, Wuhan Guangzhi Technology Co., Ltd., Wuhan Raycus Fiber Laser Technologies Co., Ltd., Xiamen Beogold Technology Co., Ltd., Xiton Photonics GmbH, Zhongji Innolight Co. Ltd., Ziemer Opthalmic Systems AG and more.