Product Code: ETC366024 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India lasers market import shipment exhibited a strong growth trend with a notable CAGR from 2020 to 2024. However, there was a slight decline in growth rate from 2023 to 2024, indicating a potential stabilization or slowdown in the market momentum during that period.
The level gauge market in India was valued at US$310 million in 2025 and is expected to grow at a compound annual growth rate (CAGR) of 8.4% during the forecast period. This can be attributed mainly due to growing investments towards technological advancements into industrial process automation across manufacturing industries that use level gauges for monitoring levels of liquids and gases stored inside tanks or vessels. Moreover, increasing investment toward oil & gas exploration activities also contributes significantly towards pushing up the demand for level gauges over the forecast period.
Lasers find widespread applications in sectors like manufacturing, healthcare, communications, and research. The India lasers market has been driven by advancements in laser technologies, rising industrialization, and growing adoption in medical procedures, such as eye surgeries and skin treatments.
The lasers market in India faces various obstacles that hinder its full potential. One major challenge is the lack of skilled professionals and technicians capable of operating and maintaining laser systems effectively. This not only affects the adoption of lasers but also impacts the quality of services provided by laser-based industries such as cutting and engraving. Moreover, there is a need for better awareness about the diverse applications of lasers, especially in emerging sectors. Expanding into new markets and applications will require significant efforts in educating potential customers and showcasing the benefits of laser technology over conventional methods. Lastly, stringent regulations concerning the safe use of lasers, particularly in medical and research settings, pose compliance challenges for manufacturers and end-users alike. Addressing these challenges will be vital for the sustained growth of the lasers market in India.
The lasers market in India is diverse, with applications in various industries such as manufacturing, healthcare, communications, and entertainment. During the pandemic, demand for certain types of lasers used in medical equipment, remote communication technologies, and online entertainment platforms could have seen an upswing. Conversely, sectors like manufacturing and construction might have faced challenges, leading to a temporary decline in demand.
The lasers market in India boasts a diverse range of key players operating across various laser technologies and applications. Companies such as IPG Photonics India Pvt. Ltd., Coherent Laser (India) Pvt. Ltd., and Trumpf India Pvt. Ltd. are among the leading manufacturers and suppliers of laser systems in the country. These companies provide lasers used in industries like manufacturing, healthcare, defense, and research. With a focus on innovation and customer-centric solutions, these key players contribute to the growth and advancement of laser technology in India.