As the worldwide economy struggles to cope with rising fuel prices and falling consumer confidence, industry experts predict continued growth for laser manufacturers.
Novel laser designs, falling costs and continuing miniaturization are driving sustained growth in the laser market, says Steve Anderson, editor-in-chief of Laser Focus World, in an update of his 2008 laser market forecast. Speaking in Birmingham, UK, Anderson said that the laser market is unlikely to hit the 7% expansion he predicted back in January, but that laser manufacturers will still enjoy positive growth in 2008.
Anderson was speaking at a UK version of the Laser Marketplace Seminar, which is presented by Laser Focus World every year at Photonics West. The UK event, supported by the UK’s Photonics Knowledge Transfer Network (KTN) and hosted by the Photonics Cluster, also featured an updated forecast from David Belforte of Industrial Laser Solutions and an insight into the European photonics market by Arnold Mayer of Optech Consulting.
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