Laser Protection Eyewear Market Growth and Trends
The global laser protection eyewear market held a market value of US$ 373.1 million in 2019 and is expected to grow at a CAGR of 8.5% to an estimated market value of US$ 718.02 million by 2027. The increasing digitalization is the major driving factor behind the growth of the laser protection eyewear market.
The increasing globalization has resulted in emerging economies with higher disposable incomes. The rising urbanization coupled with an expanding population has lead to an increased demand for eyewear. The propelling use of laser-based techniques in various industry verticals is a significant contributor to the laser protection eyewear market growth. The elevating awareness among end-users regarding the hazards of laser exposure has increased the demand for safety measures. This has ultimately increased the sales of the laser protection eyewear.
Laser Protection Eyewear Market Size shall reach a value of $xx Million in 2031, growing with a CAGR of 9.1% during the forecast period of 2022 to 2031.
The rising preference for sophistication and comfort combined with safety among end-users is found to stimulate the market growth majorly for the laser protection eyewear market. The construction, infrastructure, and mining industries are vital contributors due to the increasing reports of occupational hazards resulting in this industry. Thus, the increasing investments and initiatives rendered by Governments on construction and mining safety procedures is expected to nurture the market growth. The booming construction industry has induced an increased blue collar working class and is estimated to hold a market value of US$ 15.5 trillion by the year 2030.
The medical and engineering industry is anticipated to fuel the market growth. The growing cosmetic surgeries with laser-based technology are bolstering the market growth. The increasing use of 3D printing, welding, and manufacturing procedures have highly influenced the market growth for the laser protection eyewear market. The upcoming laser protective goggles designed for dogs in cases of veterinary laser treatment care add an advantage to the sales of laser protection eyewear. The industrial laser protective eyewear market is expected to cross 270 million units by the year 2024. The CR-39 segment accounts for about 39% of the industrial eyewear market share.
The rising number of laser equipped terrorist attacks has increased the efforts towards elevating the defence team of the armed forces to combat external threats. The tremendous progress in the laser-based weaponry used by the law enforcement personnel and police are expected to drive the market growth further ahead. The constant technological innovations rendered by the R&D sector coupled with strategic marketing of the market players fuel the market growth.
Laser Protection Eyewear Industry Regional Analysis
Laser Protection Eyewear Market Research Report Scope/Definition
Laser Protection Eyewear Market Share and Competition Key companies operating in this industry are: Honeywell International ; Uvex group ; ESS ; Gentex ; Revision Military ; Laser Safety Industries ; NoIR LaserShields ; PerriQuest ; Univet Optical Technologies ; Metamaterial Technologies ; Thorlabs Inc ; Phillips Safety Products Inc ; Kentek Corporation ; Global Laser Ltd and BASTO
Laser Protection Eyewear Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
• Medical
• Military
• Scientific Research
• and Education
• Industrial Use
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Glass
• Polycarbonate
• Others
Region Analasis (Revenue, USD Million, 2022 - 2031)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Laser Protection Eyewear Industry Companies
• Honeywell International
• Uvex group
• ESS
• Gentex
• Revision Military
• Laser Safety Industries
• NoIR LaserShields
• PerriQuest
• Univet Optical Technologies
• Metamaterial Technologies
• Thorlabs Inc
• Phillips Safety Products Inc
• Kentek Corporation
• Global Laser Ltd
• BASTO
Available Versions of Laser Protection Eyewear Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report
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