Laser safety glasses market revenue totaled USD 509 Million in 2021. The global market is expected to reach a valuation of USD 1.05 Billion by 2028, rising at a high CAGR of 10.9% over the 2022 to 2028 assessment period.
| Attribute | Details |
|---|---|
| Laser Safety Glasses Market Size (2022) | USD 565.1 Million |
| Sales Forecast (2028) | USD 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.
For instance,
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.
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 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.
For instance,
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | Value in USD Million, Volume in Units |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | The USA, Canada, Mexico, Brazil, Mexico, Argentina, Germany, Italy, France, The UK, Nordic, Spain, Japan, China, India, Malaysia, Thailand, Australia, GCC Countries, South Africa, Turkey |
| Key Market Segments Covered | Technology, Application, Region |
| Key Companies Profiled | Honeywell International Inc.; 3M; VS Eyewear; Thorlabs, Inc.; Univent Optical Technologies; Kentek Corporation; Laser Safety Industries; NoIR Laser Company LLC; uvex group; Phillips Safety Products, Inc. |
| Pricing | Available upon Request |
The global laser safety glasses market is currently valued at USD 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 USD 1.05 Billion by 2028.
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Laser Safety Glasses Market
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