Published on : Jan 13, 2020
The global laser pointer market is expected to witness considerable growth during 2018-2026, as applications continue to transcend, thanks to growing deployment of automation in various aspects of manufacturing. The rising demand for lasers in every day applications like navigational guidance in wilderness are also expected to create new opportunities for players in the global laser pointer market.
Laser pointers remained amidst a vortex of uncertainty when demand for optical disks, and CDs remained sluggish. However, new applications in precise drilling, manufacturing, and advent of robotics are likely to drive robust growth for players.
Researchmoz has released a report, titled “Global Laser pointer Market Insights, Forecast to 2026.” The global laser pointer market is expected to create several new opportunities for new players as technologies like Big Data, rising innovation in genetics, and Artificial Intelligence continue to provide new avenues for growth. The market thoroughly discusses the upcoming robust growth prospects and prominent strategies implicated by several key players operating in the global laser pointer market. These drivers are key to understanding several new opportunities and challenges that await the current and new players in the laser pointer market. The report is available on the website ResearchMoz.us as well.
Low Technical Barriers Promote Growth in New Areas
Laser pointers can be used in multitude of areas like during power point presentation in offices or during a search in wilderness. The rise of automation, and robotics makes their application essential in manufacturing. Laser pointer provide can be aligned with robotic technology to provide clear direction for operational excellence and optimization. The growth of robotics in manufacturing, and rising demand to improve communication with robots is expected to make way for significant growth for the global laser pointer market. The growth of laser pointers has also not remained limited to manufacturing. These are widely deployed across consumer applications, industrial sectors, and also used as tools for travels and toys. The rising demand for laser pointer remains a bright opportunity for new players in the laser pointer market.
Defense and Entertainment Remain Key End-Sectors for Growth
Entertainment sector has shown promising potential of laser pointers through various musical concerts and filming among other applications. Defense also shows promise as end-sector for applications like guided-missiles, guided-firearms among others. The growth of these sectors, and growing demand for laser-guided lighting, defense equipment, and increased technology aids are expected to create new opportunities for players in the global laser pointer market. The rising demand for laser pointer in this sector is also expected to increase as virtual reality, 3D printing, and other technology continue to find new applications for the technology in the near future. Entertainment and defense sector will also boost adoption of automation and robotics in the near future. The trends are likely to drive more demand for laser pointers among other products in the market.
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The emergence of subpar products in the market remains a concern. In recent trials conducted by the federal authority, laser pointers were shown using more power than assigned for the particular class. Additionally, some products also showed potential dangers to end-users. These are key pain-points in the market and promise new opportunities for entrants in the laser pointer market. Despite the significant potential of the market, laser pointer still require significant product innovations.
Some key players in the global laser pointer market are Quarton, Knorvay, Quartet, Kensington
Logitech, among others. The growing collaboration, and emphasis on innovation among players are expected to create new opportunities for growth and bring dynamic competitive shifts in the global laser pointer market in the near future.