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The report aims to provide an overview of global laser technology market with detailed market segmentation by product types, application, and geography. Being much matured market, global laser technology market is expected to witness sluggish growth. Factors such as drop in price of laser, especially for fiber and diode lasers will affect the market in coming year. Fiber lasers are replacing other types of lasers, such as diode lasers in multiple application areas. Also Chinese lasers are slowly entering the market.
Laser technology is used for an extensive range of professional field measurement applications which includes measuring a distance, height or elevation value to verifying an angular direction or remote position with GPS and so on.