Laser Research Analysis: Total Global Revenue of $19.31 Billion in 2022
The laser photoelectric conversion market continues to rise, and my country's laser industry will not be able to meet the upgrading needs in 2023. At present, lasers are the core components of laser equipment, and the industry has great potential for future development. The future development potential of China's laser industry is huge. On the one hand, China's laser equipment has shown international competitiveness in the field of macro processing, and exports are increasing. In addition, in emerging industries, such as photovoltaics and new energy vehicles, laser equipment performs very well.
Laser technology has become the key to improving quality and reducing costs in many energy manufacturing industries, helping to improve industry competitiveness and transform to high-tech industries. In the future, the replacement of traditional machine tools by high-power laser cutting equipment in my country is accelerating, bringing opportunities for domestic substitution of high-power laser equipment and control systems, and the penetration rate of laser cutting equipment will further increase. With the development of laser equipment in the direction of high power and civilian use, the application scenarios are expected to continue to expand, and new application fields such as laser welding, marking, and medical beauty will continue to drive industry growth.
The scale of the laser market continues to expand, and the scientific research and military markets have great potential. From 2016 to 2022, the total global laser revenue will increase from US$10.75 billion to US$19.31 billion, with a CAGR of 10.3%, and the overall growth will remain stable. Lasers can be widely used in downstream applications such as industrial processing, optical communications, scientific research, military, and medical beauty. In the scientific research and military market, it is mainly used in basic research and development, such as universities and national laboratories, as well as lasers for emerging and existing military applications, such as range finders, infrared countermeasures, and directed energy weapon research. Unstable factors such as unilateralism and trade wars have existed for a long time, and the military security needs of various countries will continue to grow, especially high-tech military products with lasers as the core will maintain rapid growth.
Lasers are the key to the development of the laser industry. The development of lasers depends on the development level of laser devices such as pump sources, laser crystals, and high-end optical devices. my country has strong scientific research strength in the fields of laser crystals and optical devices, and has realized industrialization earlier, and its development is relatively mature. The complete and mature industrial supporting facilities are conducive to the rapid development of the laser industry. In addition, my country's laser application market is vast, the laser equipment manufacturing industry is mature, the application development technology is at the forefront of the world, and the relevant public service platforms are relatively complete. The prosperity of the downstream application industry provides a market guarantee for the healthy development of the laser industry.
At present, the competition in the domestic market of the 3kW to 6kW product segment tends to be fierce. The shipments of imported and domestic brands are evenly matched. In the short term, they are in a critical period of import substitution. The price competition is fierce, and the shipments of domestic and foreign laser companies are close. However, as the self-made rate and localization rate of core devices and materials increase, the cost continues to be optimized, and the recognition of domestic laser brands increases, domestic brands are expected to continue to expand their share in this power segment. In the application market of ultra-high power above 10kW or high-end segments such as photovoltaics and new energy, foreign manufacturers still occupy the main market due to their early launch of products and a large accumulation of technology and solutions, with a large potential for future substitution.
my country's laser import dependence is high, and the local laser process will be simple in 2023. At present, lasers can be superimposed and used in multiple production processes of different solar cells. Operations include drilling, doping, ablation, boron expansion, repair, cutting, etc., to achieve high power generation efficiency of the output cells. Due to its precise and stable characteristics, laser can reduce photoelectric loss, and its use in doping and grooving steps has gradually become a standardized production process for PERC cells.
Laser technology has become the key to improving quality and reducing costs in many energy manufacturing industries, helping to improve industry competitiveness and transform to high-tech industries. In the future, the replacement of traditional machine tools by high-power laser cutting equipment in my country is accelerating, bringing opportunities for domestic substitution of high-power laser equipment and control systems, and the penetration rate of laser cutting equipment will further increase. With the development of laser equipment in the direction of high power and civilian use, the application scenarios are expected to continue to expand, and new application fields such as laser welding, marking, and medical beauty will continue to drive industry growth.
The scale of the laser market continues to expand, and the scientific research and military markets have great potential. From 2016 to 2022, the total global laser revenue will increase from US$10.75 billion to US$19.31 billion, with a CAGR of 10.3%, and the overall growth will remain stable. Lasers can be widely used in downstream applications such as industrial processing, optical communications, scientific research, military, and medical beauty. In the scientific research and military market, it is mainly used in basic research and development, such as universities and national laboratories, as well as lasers for emerging and existing military applications, such as range finders, infrared countermeasures, and directed energy weapon research. Unstable factors such as unilateralism and trade wars have existed for a long time, and the military security needs of various countries will continue to grow, especially high-tech military products with lasers as the core will maintain rapid growth.
Lasers are the key to the development of the laser industry. The development of lasers depends on the development level of laser devices such as pump sources, laser crystals, and high-end optical devices. my country has strong scientific research strength in the fields of laser crystals and optical devices, and has realized industrialization earlier, and its development is relatively mature. The complete and mature industrial supporting facilities are conducive to the rapid development of the laser industry. In addition, my country's laser application market is vast, the laser equipment manufacturing industry is mature, the application development technology is at the forefront of the world, and the relevant public service platforms are relatively complete. The prosperity of the downstream application industry provides a market guarantee for the healthy development of the laser industry.
At present, the competition in the domestic market of the 3kW to 6kW product segment tends to be fierce. The shipments of imported and domestic brands are evenly matched. In the short term, they are in a critical period of import substitution. The price competition is fierce, and the shipments of domestic and foreign laser companies are close. However, as the self-made rate and localization rate of core devices and materials increase, the cost continues to be optimized, and the recognition of domestic laser brands increases, domestic brands are expected to continue to expand their share in this power segment. In the application market of ultra-high power above 10kW or high-end segments such as photovoltaics and new energy, foreign manufacturers still occupy the main market due to their early launch of products and a large accumulation of technology and solutions, with a large potential for future substitution.
my country's laser import dependence is high, and the local laser process will be simple in 2023. At present, lasers can be superimposed and used in multiple production processes of different solar cells. Operations include drilling, doping, ablation, boron expansion, repair, cutting, etc., to achieve high power generation efficiency of the output cells. Due to its precise and stable characteristics, laser can reduce photoelectric loss, and its use in doping and grooving steps has gradually become a standardized production process for PERC cells.
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