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Global laser markets grow 15 percent in 2003

Posted: 19 Jan 2004 ?? ?Print Version ?Bookmark and Share

Keywords:laser focus world? semiconductor laser?

Despite the general economic malaise of the past few years, sales of all types of lasers grew by 15 percent in 2003 over 2002 to reach $4.9 billion, according to the latest Laser Focus World market survey. This means the global market for all lasers has been rising at a CAGR of 18.5 percent for the past ten years. The market is expected to gain another 9 percent in 2004 to reach $5.4 billion.

"Our survey indicates that, despite ongoing selected market and average selling price declines, a turnaround may be in the works," said Stephen Anderson, editor-in-chief of Laser Focus. "For the first time in three years, global laser revenues increased, despite a 3 percent decline in sales of non-diode lasers."

According to the Laser Focus report, sales of semiconductor lasers for optical memories (CDs and DVDs), printing, and medicine fueled overall revenues for this type of laser, which gained 28 percent in 2003 to crest $3 billion and look set for continued growth into 2004.

Among applications of other lasers types (including solid-state, carbon dioxide, ion and excimer lasers), bio instrumentation and printing led the growth, while softness in materials processing markets was magnified by the continued weakness of the semiconductor equipment market.

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