Laser is the mantra of new generation. There is a steep progress,while analyzing the business of Laser Technology. Laser Technology has taken a new dimension with all the new and sophisticated techniques in hand. Advances in Laser Technology is rapidly finding its way in manufacturing sector.
According to a report, there is a boom is the sales of fiber lasers. The sales will be double by this year-end. There is a growth of thirty-six percent, since the year 2006. The industrial Laser company margins are steady since 2006. Next four years seems good time for Laser Technology market with a predicted steady growth. It is a positive sign as there are many competitors in the market who produce fiber lasers. Without any doubt,Laser Technology will drive sales in coming years.
With substitution of Traditional Laser Technologies with Modern ones, customers are welcoming the new type of Laser source. The rapid growth of Market for Laser technology is due to the increasing number of application in various fields. Introduction of Fiber Lasers aid in lowering maintenance cost, reduction in power consumption. Fiber laser are proving well in high-power industrial application. lasers play a pivotal role in day-to-day life. Hair replacement and Tattoo removal use lasers. Lasers in Hospitals, eye clinics ( eye surgery), dental surgeries (dental drills), laser cosmetic surgery proved beneficial to people. More emphasis is given to the precision - oriented manufacturing, efficiency and in bringing down the cost.
An accelerated pace of development of new laser technologies and the growing application in the field of medicine is really blissful. Researchers predict, Laser will be a key for future energy. It will also find a highly prolific place in diagnostic medicine. There will be growth in areas like thin disk lasers. Laser is becoming an important tool for atmospheric studies in NASA.