The global market for Laser Protective Eyewear estimated at US$327.3 Million in the year 2022, is projected to reach a revised size of US$517.5 Million by 2030, growing at a CAGR of 5.9% over the analysis period 2022-2030.
Healthcare, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$196.1 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Manufacturing segment is readjusted to a revised 6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $100.6 Million, While China is Forecast to Grow at 7.7% CAGR
The Laser Protective Eyewear market in the U.S. is estimated at US$100.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$95.2 Million by the year 2030 trailing a CAGR of 7.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 5.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Select Competitors (Total 58 Featured) -
Bharat Electronics Limited
Elbit Systems Ltd.
Global Laser Ltd.
Honeywell International, Inc.
Kentek Corporation
L3Harris Technologies, Inc.
Laser Safety Industries
Laservision USA
Meopta - optika, s.r.
Newcon Optik
NoIR LaserShields
Phillips Safety Products Inc.
Thales Group
Univet Optical Technologies North America Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Laser Protective Eyewear - Global Key Competitors Percentage Market Share in 2022 (E)
The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
Progress on Vaccinations: Why Should Businesses Care?
With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
Industrial Activity Remains Subdued in 2020 with Strong Hopes of Long Term Recovery
Global PMI Index Points for the Years 2018, 2019 & 2020
Amidst Subdued Industrial Activity, Weakness Extends to Every Industry except Healthcare
Protective Eyewear: A Prelude
Eye Safety During Laser Use
Laser Protective Eyewear: A Dynamic Component of Safety Eyewear Market
Laser Protective Eyewear Market Remains in Euphoric State with Clear, Bright Outlook
Analysis by End-Use
World Laser Protective Eyewear Market by End-Use (2021 & 2027): Percentage Breakdown of Sales for Healthcare, Manufacturing, Automotive, and Other End-Uses
Regional Analysis
World Laser Protective Eyewear Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
World Laser Protective Eyewear Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Rest of World, Canada, USA, Europe, and Japan
Competitive Scenario
Recent Market Activity
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Rising Demand for Laser Safety Eyewear
Influx of Comfortable, Stylish Laser Defense Eyewear Fuels Demand
Advances in Laser Technology Creates Demand for Laser Protective Eyewear
Rising Uptake in Healthcare & Engineering Domains
Hazards and Risks Associated with Lasers
US Refractive Surgery Demand on Upswing despite Challenges Posed by COVID-19
Global Causes of Visual Impairment: Percentage Breakdown by Number of Cases
Number of People with Myopia and High Myopia: 2000-2030
Number of Cataract Procedures Worldwide (2010, 2015, 2020, & 2025) (in Millions)
Increasing Healthcare Expenditure to Foster Market Growth
World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
Manufacturing Industry Remains Important Consumer of Laser Protective Eyewear despite COVID-19 Backlash
Rise in Workplace Accidents Fuels Demand for Laser Protective Eyewear
Breakdown of Annual Work Related Fatalities (In Thousand) Worldwide by Region: 2019
Automotive: One of the Key Industries for Laser Protective Eyewear Market
World Automobile Production in Million Units: 2008-2022
Nearshoring Trend Positions Brazil & Mexico as a Strong Production Centers for CVs
An Inevitable Rebound in Market Prospects to Encourage Growth in Sales of Protective Eyewear: Global Commercial Vehicle Sales (In 000 Units) for Years 2018, 2020, 2022, 2024 & 2026
How the Automotive Industry was Impacted by the Pandemic & What's the New Normal?
Car Production YoY % Growth in 2020 Across Major Regional Markets
Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
Demographic Trends Create Fertile Environment for Long-Term Growth of Automobile Market
World Urban Population in Millions: 1950-2050
Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
Rising Living Standards
Laser Protective Eyewear: Essential Purchase for Law Enforcement Agencies
Laser Threats Faced by Law Enforcement, Military & Aviators Warrant Laser Protective Eyewear to Diffuse Risks
Global Laser Defense Eyewear Market Marches Ahead to Pulsating Drumbeat
COVID-19 Decelerates Market Growth
Growth Opportunities in the Military Sector
Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2020
Leading Countries Ranked by Defense Budgets in US$ Billion for 2020 Country Spending (US$ Billion)
Rising Uptake among Airplane Pilots Pushes Growth
New Laser Protective Eyewear Solutions to Safeguard Pilots against Laser Strikes
Improving Worker Safety is Paramount in Construction Industry, One of the Key Consumers of Laser Protective Eyewear
World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
Laser Safety Eyewear Technologies
Advanced Filters to Solve Vexing Problems of Traditional Laser Protective Eyewear
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