The laser safety glasses market will generate US$ 509 million in revenue in 2021. By 2028, the global market is anticipated to be worth US$1.05 billion, growing at a rapid CAGR of 10.9%.
According to a recent Future Market Insights (FMI) report, the increasing use of laser equipment in various end-use industries is the main factor driving sales of laser safety glass. In the medical field, especially in the fields of dermatology and dentistry, laser safety glass is frequently used. Government restrictions on the use of PPE will continue to be essential in fostering the market for laser safety glass.
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Key Takeaways – Laser Safety Glass Market Study
- Stringent regulations related to laser safety glass will drive the demand for laser safety glass in the global market. For instance, European standard (EN) 207:20091 outlines the requirement of laser safety glass to ensure workers’ safety and protection. This standard dictates that laser safety glass should be able to withstand 100 pulses from a pulsed laser or a continuous beam for at least 10 seconds, without any damage.
- With the initiation of shorter pulsed and femtosecond lasers, eyewear protection has become increasingly more important because of the broadband nature of these sources. This factor is expected to significantly drive the demand for laser safety glass.
- Laser safety glass are required in the military for self-protective purposes against enemy laser attacks and for defense from internal factors as well. Internal usage includes non-combat applications such as industrial, medical, logistics, weapons training, and research and development.
- Furthermore, laser safety glass is also used for metal fabricating processes such as cutting, engraving, welding, 3D printing, and additive manufacturing.
- The rapidly growing automotive industry in emerging economies such as China, India, and Brazil is further fueling the demand for laser safety glass.
The market for laser safety glass is currently growing at a moderate pace as is a mature market in EU countries. However, it is showcasing healthy growth in Asian region. The market growth will be aided by enforcement of OSHA regulations in industrial engineering and workplace processes and other sites where the personnel are subjected to high intensity laser emissions and interferences. In terms of new end use verticals, defense will be a lucrative sector, encouraging new entrants in the market.
How is Market Structure Defined?
Dominated by established international players, the laser safety glass market is a consolidated one. Some of the key players in the laser safety glass market such as 3M, Honeywell International Inc., and Philips Safety Products Inc. hold a major share of market pie in terms of revenue, backed by long-term partnerships with consumers and well-established sales network across the continent.
Know More About What the Report Covers
Future Market Insights (FMI), in its new global laser safety glass report, brings to fore an even-handed analysis of the global laser safety glass market, offering comprehensive information with historical demand data for 2013-2021, and forecast statistics for 2022-2028.
The research study offers insightful aspects of the global laser safety glass market based on various categories such as technology (glass laser eyewear safety, polycarbonate safety glass, thin film glass, laser protective face shields, intense pulse light glass), application (automotive, medical, chemicals, military & defence, others), and region (North America, Latin America, Eastern Europe, Western Europe, Middle East and Africa, Asia Pacific Excl. Japan, and Japan).
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Key Segments of Laser Safety Glasses Industry Survey
Laser Safety Glasses Market by Technology:
- Glass Laser Safety Eyewear
- Polycarbonate Safety Glasses
- Thin Film Glasses
- Laser Protective Face Shields
- Intense Pulse Light Safety Glasses
Laser Safety Glasses Market by Application:
- Automotive
- Medical
- Chemicals
- Military, Aerospace, and Defense
- Others
Laser Safety Glasses Market by Region:
- North America Laser Safety Glasses Market
- Latin America Laser Safety Glasses Market
- Europe Laser Safety Glasses Market
- East Asia Laser Safety Glasses Market
- South Asia & Pacific Laser Safety Glasses Market
- Middle East & Africa (MEA) Laser Safety Glasses Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 6-years.
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