LASER expanded as Light Amplification by Stimulated Emission of
Radiation is one of the greatest inventions of mankind. The history of lasers dates back
to the early 1960s. There are various types of lasers, such as gas lasers, chemical lasers,
dye lasers, semiconductor lasers, solid-state lasers, CO2 lasers, Nd-YAG, and fiber
lasers, etc.. The applications of lasers are many and are only growing with time as new
ways of laser applications are uncovered. Some critical applications of lasers are
mechanical, medical, aviation, automotive, fabrication, sheet metal, electronics,
electrical, packaging, and tribology treatment. Within these applications, lasers are
used for a wide variety of reasons. The global laser processing market size was valued
at $12.5 billion in 2017. The industrial lasers market is expected to witness a CAGR
growth of 5.3% until 2023. The chapter also researches how the quality of laser
treatments affects the market.
Keywords: Aerospace, Applications, Automotive, Barcoding, Biomaterials, Data
storage, Fashion technology, Healthcare, Lasers, Laser cutting, Laser lights,
Market size, Matrix laser, Microprocessors, Printing, Quality, Satellite
communication, Scanning, Semiconductor, Skin treatments, Types of Lasers.
