Albany, New York, May 16, 2017: Market Research Reports Search Engine (MRRSE) has announced that its repository now features a report titled “Laser Safety Glasses Market; Laser Protective Face Shields to Witness Increased Demand, Reflecting Above Average Growth Rate: Global Industry Analysis and Opportunity Assessment, 2015 - 2025.” The report, by Future Market Insights (FMI), predicts that the global laser safety glasses market stood at US$262.5 mn in 2014 and is predicted to reach US$613.3 mn by the end of 2025, by expanding at an 8.20% CAGR from 2015 to 2025.

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The report begins by presenting the introduction section comprising the market definition and classification of lasers. Laser safety glass are being utilized across a number of industries for the protection of eyes from harmful laser beams or radiation. There is an increased demand for laser safety glasses owing to the rising utilization of laser and laser-related machines globally. Lasers can be classified into laser class 1, 2, 3A, 3B, and 4, as per the American National Standard Institute (ANSI). Of these, the utilization of laser safety glasses for laser class 4 and 3B is mandatory. The regulatory mandates will thus continue to help sales of laser safety glasses in the years ahead.

Moving further, the key dynamics impacting the growth of the market have been presented. These include drivers, trends, restraints, and opportunities. The rising applications of laser technology and the strict regulations imposed for the safety of workers globally are the key factors stimulating the growth of the market for laser safety glasses. In addition, the increasing proliferation of technologically advanced laser safety glasses by key players for the comfort and safety of workers will also augment the development of the market. However, complicated certification requirements for the commercialization of laser safety glasses within EU countries have emerged as a key restraint on the growth of the overall market.

In the next section, the report presents the segmentation of the market on the basis of technology, application, and geography. On the basis of technology, the glass laser safety eyewear segment is predicted to constitute a share of more than 30% in the forecast horizon and is poised to rise at a healthy 7.60% CAGR from 2015 to 2025. On the other hand, by value, laser protective face shields are predicted to register the highest CAGR at 9.0% from 2015 to 2025.

By application, the military and defense segment is predicted to rise at a CAGR of 8.80% in the forecast horizon, while the medical segment is expected to constitute a share of more than 40% in the market in 2015 on the basis of revenue.

Geographically, in 2015, Western Europe and North America together represented more than 50% of the market. North America is predicted to maintain its superiority all through the forecast period owing to the increasing use of laser safety glasses in military and defense sectors and medical applications.

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As mentioned in the report, Honeywell International Inc., Phillips Safety Products, Inc., Univent Optical Technologies, Laser Safety Industries, and NoIR Laser Company LLC, among others, are the key players dominant in the global laser safety glasses market.

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