Laser safety glasses market revenue totaled US$ 509 Mn in 2021. The global market is expected to reach a valuation of US$ 1.05 Bn by 2028, rising at a high CAGR of 10.9% over the 2022-2028 assessment period.
In 2021, sales of laser safety glasses represented a 32% market share for safety glasses worldwide. By the end of 2028, sales of laser safety glass are anticipated to reach 6.3 Mn units worldwide, representing a strong 10% volume CAGR throughout the forecast period (2022-2028). According to a recent Future Market Insights (FMI) analysis, the increasing use of laser equipment in many end-use industries is the main factor driving sales of laser safety glass.
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Laser safety glass is widely used in the healthcare industry, particularly dentistry and dermatology. Strict government regulations about the usage of personal protection equipment will remain crucial in fostering the demand for laser safety glass.
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.
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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).
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
About Future Market Insights, Inc.
Future Market Insights (ESOMAR-certified market research organization and a member of the 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 10 years.
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