Laser Protective Eyewear

World Market Report

MCP12967

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DATE

FEB 2022

TABLES

54

PAGES

244

EDITION

7

PRICE

USD 4950

CODE

MCP12967


COMPETITIVE METRICS

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Global Laser Protective Eyewear Market to Reach US$411.6 Million by the Year 2026

Laser protective eyewear represents goggles or glasses intended to offer effective protection to the eyes from the harmful impact of visible or invisible wavelengths in laser light used in diverse applications. The eyewear is categorized on the basis of optical density that indicates the ability of optical filter to attenuate beam power. Growth in the global is set to be driven by rising uptake of these products across industries and implementation of stringent regulations pertaining to worker safety. The damaging impact of laser radiation remains the prominent driver for the market. In the recent years, various countries have come up with stringent regulations mandating use of laser protective eyewear in industries like healthcare and manufacturing that are characterized by exposure to lasers. Workers frequently exposed to laser beams hold high risk of cataracts, corneal burn and even permanent loss of vision as wavelengths below 400nm and above 1,400nm can lead to eye injuries. These environments and associated risks are prompting a large number of employers to provide workers with advanced laser protective eyewear for enhanced safety. The global market is also buoyed by introduction of anti-fogging laser protective eyewear intended to protect the eyes from excessive exposure to harmful laser light.

Amid the COVID-19 crisis, the global market for Laser Protective Eyewear estimated at US$301.9 Million in the year 2020, is projected to reach a revised size of US$411.6 Million by 2026, growing at a CAGR of 5.3% over the analysis period. Healthcare, one of the segments analyzed in the report, is projected to grow at a 6.3% CAGR to reach US$159.1 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Manufacturing segment is readjusted to a revised 5.5% CAGR for the next 7-year period. This segment currently accounts for a 24.5% share of the global Laser Protective Eyewear market. The Healthcare segment is gaining from increasing healthcare expenditure and consumer attention on these products. In addition, rising proliferation of laser-based surgeries for the eye and other conditions is creating a perfect ground for broader uptake of the eyewear. The manufacturing sector, consisting of plants and facilities, is the largest end-use application market for protective eyewear. For employees working in these sectors, protective eyewear is mandatory.

The U.S. Market is Estimated at $96.5 Million in 2021, While China is Forecast to Reach $70.9 Million by 2026

The Laser Protective Eyewear market in the U.S. is estimated at US$96.5 Million in the year 2021. The country currently accounts for a 30.9% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$70.9 Million in the year 2026 trailing a CAGR of 7.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$38 Million by the end of the analysis period. North America region commands major share of the market owing to extensive uptake of these products across diverse industry verticals. While the regional market has attained saturation and is predicted to witness a slowing growth rate, stringent regulations mandating use of the eyewear by workers are bound to provide the required impetus over the coming years. In addition, laser protective eyewear is gaining notable adoption across large-sized organizations to ensure worker safety. Laser protective eyewear is also gaining notable uptake in Asia-Pacific (including China), the Middle East & Africa, especially among industries like manufacturing, automotive, military and medical that are characterized by frequent exposure of workers to laser equipment or environments.

Automotive Segment to Reach $81.8 Million by 2026

Automotive sector is one of the key consumers of safety glasses, worldwide. The market growth is poised to be bolstered by increasing availability of anti-fogging laser protective eyewear. In the global Automotive segment, USA, Canada, Japan, China and Europe will drive the 4.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$51 Million in the year 2020 will reach a projected size of US$69.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.3 Million by the year 2026.

SELECT PLAYERS

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.

SEGMENTS

» End-Use (Healthcare, Manufacturing, Automotive, Other End-Uses)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

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
EXHIBIT: 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
EXHIBIT: 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
EXHIBIT: 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
EXHIBIT: World Laser Protective Eyewear Market by End-Use (2021 & 2027): Percentage Breakdown of Sales for Healthcare, Manufacturing, Automotive, and Other End-Uses
Regional Analysis
EXHIBIT: World Laser Protective Eyewear Market by Region (2021 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
EXHIBIT: 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 58 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
EXHIBIT: Global Causes of Visual Impairment: Percentage Breakdown by Number of Cases
EXHIBIT: Number of People with Myopia and High Myopia: 2000–2030
EXHIBIT: Number of Cataract Procedures Worldwide (2010, 2015, 2020, & 2025) (in Millions)
Increasing Healthcare Expenditure to Foster Market Growth
EXHIBIT 10: 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
EXHIBIT: Breakdown of Annual Work Related Fatalities (In Thousand) Worldwide by Region: 2019
Automotive: One of the Key Industries for Laser Protective Eyewear Market
EXHIBIT: World Automobile Production in Million Units: 2008-2022
Nearshoring Trend Positions Brazil & Mexico as a Strong Production Centers for CVs
EXHIBIT: 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?
EXHIBIT: Car Production YoY % Growth in 2020 Across Major Regional Markets
EXHIBIT: Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
EXHIBIT: 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
EXHIBIT: World Urban Population in Millions: 1950-2050
EXHIBIT: 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
EXHIBIT: Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2020
EXHIBIT: 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
EXHIBIT: 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
Laser Protective Eyewear Technology by Material
Ineffective Laser-Blocking: A Key Concern
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Laser Protective Eyewear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Laser Protective Eyewear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
World 12-Year Perspective for Laser Protective Eyewear by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2021 & 2027
World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
World 12-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
World Recent Past, Current & Future Analysis for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Manufacturing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
World 12-Year Perspective for Manufacturing by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
World 12-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
World 12-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
UNITED STATES
Laser Protective Eyewear Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
USA 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Canada 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
JAPAN
Laser Protective Eyewear Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Japan 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
CHINA
Laser Protective Eyewear Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
China Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
China 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
EUROPE
Laser Protective Eyewear Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Laser Protective Eyewear by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe Historic Review for Laser Protective Eyewear by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Europe 12-Year Perspective for Laser Protective Eyewear by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2015, 2021 & 2027
Europe Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Europe 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
FRANCE
Laser Protective Eyewear Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
France Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
France 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
GERMANY
Laser Protective Eyewear Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Germany 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Italy 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
UNITED KINGDOM
Laser Protective Eyewear Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
UK 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Rest of Europe 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
ASIA-PACIFIC
Laser Protective Eyewear Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Asia-Pacific 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Laser Protective Eyewear by End-Use - Healthcare, Manufacturing, Automotive and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
Rest of World 12-Year Perspective for Laser Protective Eyewear by End-Use - Percentage Breakdown of Value Sales for Healthcare, Manufacturing, Automotive and Other End-Uses for the Years 2015, 2021 & 2027
Total Companies Profiled: 58

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