[190 Pages Report] Laser safety glasses market revenue totaled US$ 509 Million in 2021. The global market is expected to reach a valuation of US$ 1.05 Billion by 2028, rising at a high CAGR of 10.9% over the 2022 to 2028 assessment period.
Attribute | Details |
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Laser Safety Glasses Market Size (2022) | US$ 565.1 Million |
Sales Forecast (2028) | US$ 1.05 Billion |
Global Market Growth Rate (2022 to 2028) | 10.9% CAGR |
Share of Top 5 Market Players | 40% |
Sales of laser safety glasses accounted for a 32% share of the global safety glasses market in 2021.
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Market Statisticse | Details |
---|---|
H1,2021 (A) | 10.7% |
H1,2022 Projected (P) | 11.0% |
H1,2022 Outlook (O) | 11.3% |
BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 30 ↑ |
BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 62 ↑ |
Future Market Insights predicts a comparison and review analysis of the dynamics of the Laser Safety Glasses market. The demand for laser safety has expanded as a result of the rapid improvements in laser technology across many different applications.
There are specific safety and personal protection issues with new laser usage, such as laser surgery in a range of medical procedures, particularly in dermatology and eye surgery, boosting the demand for laser safety glasses.
According to FMI analysis, the variation between the BPS values observed in the Laser Safety Glasses market in H1, 2022-Outlook over H1, 2022 the projected increase is 30 units. However, compared to H1-2021, the market is expected to grow by 62 BPS in H1 -2022.
Due to an increase in laser accidents and the implementation of severe government regulations for worker and employee safety, the market for laser safety glasses is anticipated to grow.
The speedy creation of new products has a big impact on the market. Furthermore, it is anticipated that the ability of laser goggles to offer 360-degree protection as a result of a tight and form-fitting face seal would have a substantial impact on market growth.
From 2013 to 2021, the global laser safety glasses market experienced a CAGR of around 9.1%.
Laser safety glasses are a type of eye protection that reduce the risks of laser eye exposure to safe and acceptable levels. The market for laser safety glasses is expected to rise due to an increase in laser accidents and the implementation of strict government rules for worker and employee safety.
Rapid advancements in laser technology across a wide range of applications have increased the need for laser safety. New laser uses, such as laser surgery in a variety of medical procedures, particularly in dermatology and eye surgery, bring distinct safety and personal protection problems.
Furthermore, widespread availability of a broad range of laser safety goggles, various benefits associated with these products, and high demand for laser safety glasses in diverse fields, particularly in healthcare, are expected to create numerous opportunities manufacturers of laser safety glasses to grow over the coming years.
Global laser safety glasses consumption is anticipated to surge at a 10.9% CAGR from 2022 to 2028.
“Regulatory Mandates about Usage of Personal Protection Equipment to Support Sales of Laser Goggles”
Increase in stringent government regulations for worker safety is expected to drive laser safety glasses market growth over the forecast period.
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Enforcement of this regulation is expected to foray into regional markets of potential growth such as the Middle East, Asia, and Latin America, thus fortifying laser safety glasses market growth and presence beyond established regions.
Because of the broadband nature of these sources, eyewear protection has become increasingly crucial since the introduction of shorter pulsed and femtosecond lasers. This aspect is predicted to have a substantial impact on the demand for laser goggles.
The market is greatly influenced by the quick development of new items. Additionally, the potential of laser goggles to provide 360-degree protection due to a tight and form-fitting face seal is predicted to have a significant impact on market growth.
“Challenges for New Entrants Due to Complex Certification Requirements”
Strict government rules governing commercial licensing and fierce competition among producers are projected to be major market restraints for laser safety goggles sales.
New competitors may face challenges in the laser safety glasses market due to complex certification criteria, which will be seen throughout the forecast period.
“Stringent Regulations about Employee Vision Safety Driving Requirement for Laser Protection Glasses”
Europe is expected to lead the global laser safety glasses market in terms of value, accounting for nearly 33.9% share in the global market.
Government laws governing the use of personal protective equipment will continue to be essential to drive demand for laser protection glasses in Europe.
The increasing need for protective measures as a result of the presence of major industries, as well as the high importance is given to employee health and safety, are driving demand for laser protection devices, such as laser protection glasses.
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“Increasing Research and Development Investments on Laser Proof Glasses Innovation in the Country”
The USA laser safety glasses market is likely to expand at a rapid pace over the forecast period because of low barriers to entry for manufacturers and the wide availability of low-cost laser-proof glasses. Because of the introduction of advanced laser-proof glasses in various styles and shapes, the United States dominates the laser safety glasses industry.
Product scope will be supported by increased Research and Development spending and product breakthroughs by various companies. Vision injuries will be greatly reduced as a result of government promotions combined with educational programs for workers.
“Rising Popularity of Laser Protective Eyewear in Automotive Industry”
The China laser safety equipment market is speculated to exhibit high growth owing to an increase in manufacturing operations and rising acceptance of laser technologies.
The rapidly increasing automotive industry in China is fueling demand for laser-protective eyewear. Moreover, the growing popularity of laser-based operations for the eyes and other ailments is paving the way for greater adoption of laser-protective eyewear.
“Glass Laser Safety Eyewear Most Preferred Owing to Higher Protection Capacity”
Value share of the glass laser safety eyewear segment is projected to grow 1.4X compared to that of the polycarbonate safety segment, over the forecast period, due to the easy availability and cost-effectiveness of glass lasers.
Glass laser-type of eyewear offers better protection when exposed to hazardous surroundings for workers as compared the polycarbonate ones.
With regards to cumulative dollar potential, the glass laser safety eyewear segment is expected to create a 1.25X opportunity of that of polycarbonate laser safety glasses over the forecast period.
“Growing Use of Advanced Laser Applications in Medical Field”
In the medical field, laser safety glasses are commonly utilized. New laser procedures are safe and do not leave any scars after surgery. While executing laser treatment activities, laser safety glasses protect the operator from high-density lasers.
New laser applications present unique safety and personal protection challenges in medicine, defense, research, and industry. Laser safety glasses provide protection from high-density lasers while performing laser treatment processes.
Technological advancements in oncology, dentistry, dermatology, and aesthetic medicine & cosmetic surgery have provided broader scope for the applications of laser safety glasses.
The pandemic of COVID-19 had a negative influence on the laser safety glasses market to some extent. Government-imposed restrictions across many regions of the world lowered demand to a reasonable extent. Limitations in the workforce had a significant impact on the market expansion.
Newly developed solutions have opened up new opportunities for providers of laser safety glasses. Enforcement of OSHA standards in industrial engineering and workplace operations as well as other places where employees are exposed to high-intensity laser emissions and interferences will boost the market growth.
The global laser safety glasses market is fragmented in nature due to the significant presence of small- and medium-sized manufacturers. Laser safety glasses manufacturers are primarily pursuing strategies such as mergers & acquisitions with regional and international enterprises as well as focusing on sales promotions through online platforms, such as discounts and bulk buying offers to strengthen their product/ brand image as well as sales footprint.
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Attribute | Details |
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Forecast Period | 2022 to 2028 |
Historical Data Available for | 2013 to 2021 |
Market Analysis | Value in US$ Million, Volume in Units |
Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Pricing | Available upon Request |
Laser Safety Glasses Market by Technology:
Laser Safety Glasses Market by Application:
Laser Safety Glasses Market by Region:
The global laser safety glasses market is currently valued at US$ 565.1 Million.
Strict regulatory policies concerning the safety of workers are driving the market growth.
The global market is estimated to exhibit an impressive CAGR of 10.9% over the forecast period (2022 to 2028).
Major manufacturers of laser safety glasses include Honeywell International Inc., 3M, VS Eyewear, Thorlabs, Inc., and Univent Optical Technologies.
Europe accounts for a 33.9% share of the global laser safety glasses market.
The laser safety glasses market is expected to reach a valuation of US$ 1.05 Billion by 2028.
1. Executive Summary | Laser Safety Glasses Market 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Dynamics 4. Market Background 5. Global Market Analysis 5.1. Historical Market Volume (Unit) Analysis, 2013 to 2021 5.2. Current and Future Market Volume (Unit) Projections, 2022 to 2028 5.3. Y-o-Y Growth Trend Analysis 6. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Technology 6.1. Introduction / Key Findings 6.2. Historical Market Size (US$ Million) and Volume Analysis By Technology, 2013 to 2021 6.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Technology, 2022 to 2028 6.3.1. Glass Laser Eyewear Safety 6.3.2. Polycarbonate Safety Glass 6.3.3. Thin Film Glass 6.3.4. Laser Protective Face Shields 6.3.5. Intense Pulse Light Glasses 6.4. Market Attractiveness Analysis By Technology 7. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Application 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2013 to 2021 7.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Application, 2022 to 2028 7.3.1. Automotive 7.3.2. Medical 7.3.3. Chemicals 7.3.4. Military & Defence 7.3.5. Others 7.4. Market Attractiveness Analysis By Application 8. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, by Region 8.1. Introduction 8.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2013 to 2021 8.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2028 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. Japan 8.3.6. Asia Pacific Excluding Japan 8.3.7. Middle East and Africa (MEA) 8.4. Market Attractiveness Analysis By Region 9. North America Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 9.1. Introduction 9.2. Pricing Analysis 9.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2013 to 2021 9.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2028 9.4.1. By Country 9.4.1.1. The USA 9.4.1.2. Canada 9.4.2. By Technology 9.4.3. By Application 9.5. Market Attractiveness Analysis 9.5.1. By Country 9.5.2. By Technology 9.5.3. By Application 9.6. Drivers and Restraints - Impact Analysis 10. Latin America Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 10.1. Introduction 10.2. Pricing Analysis 10.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2013 to 2021 10.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2028 10.4.1. By Country 10.4.1.1. Brazil 10.4.1.2. Mexico 10.4.1.3. Rest of Latin America 10.4.2. By Technology 10.4.3. By Application 10.5. Market Attractiveness Analysis 10.5.1. By Country 10.5.2. By Technology 10.5.3. By Application 10.6. Drivers and Restraints - Impact Analysis 11. Eastern Europe Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2013 to 2021 11.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2028 11.4.1. By Country 11.4.1.1. Russia 11.4.1.2. Poland 11.4.1.3. Rest of EE 11.4.2. By Technology 11.4.3. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Technology 11.5.3. By Application 11.6. Key Market Participants - Intensity Mapping 11.7. Drivers and Restraints - Impact Analysis 12. Western Europe Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2013 to 2021 12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2028 12.4.1. By Country 12.4.1.1. France 12.4.1.2. Germany 12.4.1.3. The UK 12.4.1.4. Italy 12.4.1.5. Spain 12.4.1.6. NORDIC 12.4.1.7. BENELUX 12.4.1.8. Rest of WE 12.4.2. By Technology 12.4.3. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Technology 12.5.3. By Application 12.6. Drivers and Restraints - Impact Analysis 13. Middle East and Africa Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2013 to 2021 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2028 13.4.1. By Country 13.4.1.1. GCC Countries 13.4.1.2. Turkey 13.4.1.3. Northern Africa 13.4.1.4. South Africa 13.4.1.5. Rest of Middle East and Africa 13.4.2. By Technology 13.4.3. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Technology 13.5.3. By Application 13.6. Drivers and Restraints - Impact Analysis 14. APEJ Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2013 to 2021 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2028 14.4.1. By Country 14.4.1.1. China 14.4.1.2. India 14.4.1.3. Association of Southeast Asian Nations 14.4.1.4. Australia and New Zealand 14.4.1.5. Rest of APEJ 14.4.2. By Technology 14.4.3. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Technology 14.5.3. By Application 14.6. Drivers and Restraints - Impact Analysis 15. Japan Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2013 to 2021 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2028 15.4.1. By Technology 15.4.2. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Technology 15.5.2. By Application 15.6. Drivers and Restraints - Impact Analysis 16. Competitive Landscape 16.1. Competition Dashboard 16.1.1. Honeywell International Inc. 16.1.2. 3M 16.1.3. Uvex Group 16.1.4. Philips Safety Products Inc. 16.1.5. Thorlabs Inc. 16.1.6. Univet Optical Technologies 16.1.7. Kentek Corporation 16.1.8. Laser Safety Industries 16.1.9. NoIR Laser Company LLC 16.1.10. Global Laser Ltd. 16.1.11. VS Eyewear 17. Research Methodology 18. Assumptions and Acronyms Used
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