Abstract
AbstractThe laser industry experienced significant growth in 2021 and 2022, reaching a value of 19.3 billion US dollars in 2022 after two challenging years in 2019 and 2020. Despite the global effects of the war in Ukraine, the ongoing trade war between the United States and China, and the aftermath of the Covid‐19 pandemic, this industry showed remarkable resilience. The demand for laser sources in both industry and consumer products has significantly accelerated their sales. If this trend is not affected by any destabilizing factors, the global laser sources market is expected to reach a total value of 26.8 billion US dollars by 2027, with a growth rate of 6.8 %.
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