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PRN: Global Semiconductor Laser Market 2016‐2020 with Coherent, Novanta, Han's Laser, Rofin‐Sinar & TRUMPF Dominating ‐ Research and Markets

Research and Markets has announced the addition of the "Global Semiconductor Laser Market 2016-2020" repor their offering. The global semiconductor laser market to grow at a CAGR of 7.5% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global semiconductor laser market for 2016- 2020. To calculate the market size, the analyst considers the revenue generated from the sales of lasers to the application segments such as material processing, communications, defense, healthcare, instrumentation and sensors, and others, which include displays and optical storage. The report also includes a discussion of the key vendors operating in this market. Increase in number of mergers and acquisitions will be a key trend for market growth. The global CO2 laser market has been consolidating, and this is expected to continue during the forecast period. Existing vendors are acquiring new firms to either enter the market or broaden their product portfolios. In 2012, Coherent entered an acquisition agreement with Innolight and Lumera Laser to strengthen its market presence. Thus, the increase in the number of M&A will drive the market's growth during the forecast period.