As The Laser Industry Grows, Could This Company Cut A Clean Path To The Top?

As The Laser Industry Grows, Could This Company Cut A Clean Path To The Top?

As industries change with the needs of the 21st century, innovative laser companies are looking to harness technological advancements to solve key industry problems. 

Laser companies like Florida-based Laser Photonics Inc. LASE — the largest segment of the industrial laser market is located in North America and the overall market is reportedly valued at over $18 billion. The increasing move towards automation is one factor that has been driving the growth of laser systems, as automation is dependent on ever-more efficient and precise technological applications for its high-quality work. 

Lasers have found a variety of uses that have bearing across diverse industries. Laser systems can be used for cutting metal, cleaning and conditioning metal, finishing surfaces, engraving, 3D printing, and more. They have been applied in multiple industries, though they are especially prominent in the automotive, aerospace, naval and marine, military and defense sectors. 

To Infinity and Beyond? “Buzz Lasers” Leading the Way

There are various companies - including several domestic companies - developing cutting-edge industrial laser products that have fresh applications and solutions in the market.

IPG Photonics Corporation IPGP is an American fiber laser manufacturer. It recently sold its lasers in both North America and Japan, and its lasers largely find application in the manufacturing, automotive, and medical sectors.

Lumentum Holdings LITE is a California laser company, producing telecom, datacom, and commercial lasers. Its photonic lasers are used for processing and manufacturing metal. They also have technological applications, and its products include pump lasers, tunable products, and electro-absorption modulated lasers (EMLs). It recently acquired NeoPhotonics Corp

Massachusetts-located Novanta Inc. NOVT works largely in the medical and advanced industrial fields. Its production of sophisticated laser systems allows it to partner globally with companies to provide lasers for original engineering manufacturing (OEM) applications.

In a field mainly filled with component suppliers, Laser Photonics - the only market participant whose products are entirely American made - is leading the way as a supplier of laser cleaning solutions technology. The company is a research and development (R&D) and manufacturing company for industrial lasers and technology systems, whose products include the highly efficient CleanTech Laser Cleaning Systems engineered to disrupt the abrasive cleaning market.

Laser Photonics recently showcased its products at the largest trade show for metal forming, fabricating, welding, and finishing in America. After an initial public offering this September on NASDAQ, at the time of writing Laser has a market cap of $22.5 million, and a share price of $2.85. 

The company reports highly competitive product prices, based on an innovative product structure and low cost of production. These prices - along with its vertical involvement across industries - make Laser Photonics confident that it will be able to sustain company growth within the market moving forward.

Laser Photonics can tout a secure, broad base of clients interested in the potential of its cleantech systems for creating a more environmental, social, and governance (ESG) climate-friendly future. The company just completed a major Navy product delivery and has signed on with a variety of public sector divisions, including the Army, National Aeronautics and Space Administration (NASA), and the Veterans Administration. It is also involved with Fortune 1000 companies and has built what it calls a “blue chip” base of customers who are leaders in their respective industries. The companies Laser Photonics has served include Harley Davidson HOG, Caterpillar Inc. CAT, Ford Motor Company F, Dell DELL, and DuPont de Nemours Inc. DD

Interested in learning more about Laser Photonics? Visit laserphotonics.com.

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