Market Insight- Global Laser Safety Glasses Market

Market Overview

Laser safety is the safe design, implementation, and use of lasers to reduce the risk of laser accidents, specifically eye injuries. Laser safety glasses are used in any environment where eyes could directly be exposed to laser radiations since even slightest amount of laser can lead to perpetual eye injury. The laser safety glasses provide comfortable eyewear that a user can wear with safety levels of optical density, which reduces or lessens potentially hazardous laser exposures to a level that is safe and below maximum permissible exposure levels. Optical density is a measure of reduction of energy passing through the laser filter or glass. Higher the reduction of energy, higher is the OD value and greater is the protection level.

The global laser safety glasses market was valued at US$ 373.1 Mn and 2,371.6 Thousand units in terms of volume by the end of 2019

Market Dynamics- Driver

  1. Strict regulatory policies concerning safety of workers are expected to drive growth of the global laser safety glasses market during the forecast period

Growing awareness and stringent government regulations regarding hazards laser could present have increased the demand for laser safety glasses significantly. Moreover, increasing options related to comfort and design of laser safety glasses offered by manufacturers are expected to boost the global laser safety glasses market growth during the forecast period. For instance, Occupational Safety and Health Administration (OSHA), an agency of the U.S. Department of Labor, has set standards for usage of Personal Protective Equipment (PPE) across different sectors and industries. According to the standards, the employer is entailed to provide employees with safety and healthful working environment. The regulations also prohibit employers from retaliating against employees for exercising their rights under the law. Moreover, the employees are allowed to file a complaint to have OSHA inspect their workplace, if they suspect the regulatory standards are not being followed. Hence, such regulatory scenarios are expected to drive the market growth in the near future.

  1. Introduction of novel technology is increasing application of lasers and is expected to propel the global laser safety glasses market growth over the forecast period

Development of innovative and advanced laser technology has offered a wider scope for application of laser safety glasses in the medical field, especially in cosmetic surgery, eye surgery, oncology, dermatology, dentistry, etc. procedures. For instance, iLASIK is a revolutionary eye surgery that offers blade-free, fully customized laser vision correction. Intense laser beams used in this surgical procedure demands usage of good-quality glasses protection. Therefore, advancements in laser technology are expected to support the market growth over the forecast period.

Europe region dominated the global laser safety glasses market in 2019, accounting for 34.6% share in terms of value, followed by North America, and Asia Pacific, respectively.

Laser Safety Glasses  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. Challenges for new entrants due to complex certification requirements are expected to restrain growth of the global laser safety glasses market during the forecast period

Laser safety glass manufacturers face a common challenge of complying with regulatory norms of respective regions/countries. All laser safety glasses sold in EU countries must conform to the laser protection requirement of the personal protective equipment (PPE) directive. For instance, all laser safety glasses must be tested and certified to EN 207 (or EN 208 for alignment glasses). Furthermore, such testing is carried out by a government-approved test house, and self-certification is not allowed for these standards. Hence, all laser safety glasses products sold in Europe are certified to EN 207 and EN 208. EN 207 and EN 208 standards refer to Optical Density (OD) specifications of laser safety glasses. Such factors are expected to restrain growth of the global laser safety glasses market over the forecast period.

  1. Intense competition among manufacturers is expected to hinder the global laser safety glasses market over the forecast period

High market capability of laser safety glasses in medical sector has offered lucrative opportunities for international as well as regional market players. However, this has resulted in intense competition in the laser safety glasses industry, owing to continuous launch of innovative products by market players. Moreover, established players such as LASERVISION are focused on gaining competitive edge in the market through new product launches and novel features, which in turn, is increasing competition. Thus, highly competitive environment is expected to hamper the global laser safety glasses market growth in the near future.

Market Opportunities

  1. Growing popularity of laser surgery among populace is expected to present lucrative business opportunity

Laser surgeries have gained significant popularity, as they are painless, blade-less, leave no visible mark on patients. Furthermore, surgeries are predominantly used in dermatology and eye surgeries. This, in turn, has created major market potential opportunities for laser protection glass manufacturers to capitalize untapped market.

  1. Increasing adoption of laser safety glasses in aviation industry, owing rising laser strikes on aircrafts

Laser-pointed strikes on aircraft have increased significantly in the U.S. In fact, pointing a laser at an aircraft is a federal crime in the U.S. A laser beam can temporarily blind pilots during critical times such as landing or taking off. According to Federal Aviation Administration (FAA), in 2018, around 5,663 laser incidents were reported in the U.S. Although the number has reduced from preceding years, laser strikes on aircraft remains a severe threat to aviation sector. This, in turn, has increased the demand for laser safety glasses in the aviation industry, thereby providing excellent growth opportunities for market players.

Laser Safety Glasses  | Coherent Market Insights

Source: Coherent Market Insights

In global laser safety glasses market, by application segment medical sub-segment dominated the global laser safety glasses market in 2019, accounting for 41.3% share in terms of value, followed by automotive manufacturing, Military and Defence respectively.

Laser Safety Glasses  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Constant mergers and acquisitions among key market players

Key companies in the market are focused on mergers and acquisitions, in order to enhance their global market presence. For instance, in 2010, Honeywell acquired Sperian Protection, a leading provider of personal protective equipment. Moreover, Sperian Protection has a well-developed portfolio for laser safety products and strong distribution network, which can boost growth of Honeywell’s laser safety glasses business.

  1. Direct sales to customers through e-commerce platforms

Key manufacturers in the market are focused on selling their products direct to consumers through online retail platforms. For instance, Laserglasses.com, an online store owned by Honeywell Safety Products USA Inc., sells laser safety glasses. Moreover, market players are selling their products via major e-commerce platforms such as Amazon.com and eBay.com to increase their customer reach.

Regulations

Australia & New Zealand

There are three important safety standards applicable to lasers in Australia

  1. AS/NZS 2211.1 :1997 Laser Safety part 1: Equipment classification requirements and user guide
  2. AS 2397: Safe use of lasers in building and construction industry
  3. AS/NZS 4173: Guide to safe use of lasers in health care sector 

In Australia, though regulations on laser control are not addressed specifically in current legislation, an accident caused by a laser could fall within the domain of common law liability

Additionally, failure to implement appropriate safety standards would constitute breach of employers’ obligations set out in the workplace Health and Safety Act 1995

Australian standards also classifies lasers on the basis of international classifications as mentioned previously in the report.

Value Chain Analysis

Laser Safety Glasses  | Coherent Market Insights

Competitive Section

Key players involved in the global laser safety glasses market are Kentek Corporation, Honeywell International Inc., VS Eyewear, uvex group, Global Laser Ltd., Phillips Safety Products, Inc., NoIR Laser Company LLC, Thorlabs, Inc., Laser Safety Industries, and Univet Optical Technologies.

Key Developments

  1. Major companies in the market are focused on product launch, in order to gain competitive edge in the market. For instance, in January 2017, Univet Optical Technologies introduced ‘Univet 5.0’, a specially designed safety glass for protection against laser beams.
  2. Key players in the market are involved in product development, in order to enhance their market presence. For instance, in February 2012, Honeywell Safety introduced the Honeywell Rio laser safety eyewear, which can be used as standalone, plus can be used over prescription glasses.

Laser safety glasses is a type of google which are used to reduce the risk of laser accidents, specifically eye injuries by providing an optical density (OD) that reduces the effect of laser while the person is working. Moreover use of laser safety glasses also allows enough visible light transmission (VLT) for comfortable visibility which reduces or lessens potentially hazardous laser exposures to a level that is safe and below maximum permissible exposure levels while working. Furthermore, Laser safety glasses are used in any environment where eyes could directly be exposed to laser radiations since even slightest amount of laser can lead to perpetual eye injury. The laser safety glasses provide comfortable eyewear that a user can wear with safety levels of optical density, Optical density is a measure of reduction of energy passing through the laser filter or glass. Higher the reduction of energy, higher is the OD value and greater is the protection level.

Market Dynamics

Laser safety glasses are majorly used in medical field. Moreover Increasing demand from medical and engineering industries has positively impacted the global lases safety glasses market as Laser has been used for various surgeries and applications in medical sector such as oncology, oncology, eye surgery, aesthetic medicine and cosmetic surgery, dermatology, dentistry, and more. New laser techniques are safe and leave no market post-surgery. Laser safety glasses protect the operator from high density lasers while performing laser treatment processes. Furthermore, advanced laser techniques are used in construction and engineering industry for welding, 3D printing, engraving, and automotive component manufacturing. Such applications require safety glasses, in order to protect the user’s eyes from hazardous radiations. Hence, increasing demand from medical and engineering industries is expected to boost the market growth over the forecast period.

Market Taxonomy

This report segments the global laser safety glasses market on the basis of technology the market is segmented into, glass laser safety eyewear, polycarbonate safety glasses, thin-film glasses, laser protective face shields, and intense pulse light glasses. On the basis of application, the global laser safety glasses market is segmented into, Automotive Manufacturing, Medical, Chemicals, Military and Defence and Others (includes oil & gas, power & mining, industrial manufacturing, and welding). On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global laser safety glasses market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global laser safety glasses market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key players operating in the global laser safety glasses are Kentek Corporation, Honeywell International Inc., VS Eyewear, uvex group, Global Laser Ltd., Phillips Safety Products, Inc., NoIR Laser Company LLC, Thorlabs, Inc., Laser Safety Industries, and Univet Optical Technologies.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global laser safety glasses market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global Laser Safety Glasses market.

Detailed Segmentation:

  • Global Laser Safety Glasses Market, By Technology:
    • Glass Laser Safety Eyewear
    • Polycarbonate Safety Glasses
    • Thin-film Glasses
    • Laser Protective Face Shields
    • Intense Pulse Light (IPL) Safety Glasses
  • Global Laser Safety Glasses Market, By Application:
    • Automotive Manufacturing
    • Medical
    • Chemicals
    • Military, Aerospace & Defense
    • Others (includes oil & gas, power & mining, industrial manufacturing, and welding)
  • Global Laser Safety Glasses Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles (Bicycle Manufacturer)
    • Kentek Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Honeywell International Inc
    • VS Eyewear
    • uvex group
    • Global Laser Ltd
    • Phillips Safety Products, Inc
    • NoIR Laser Company LLC
    • Thorlabs, Inc
    • Laser Safety Industries
    • Univet Optical Technologies

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Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Laser Safety Glasses Market, By Technology, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Glass Laser Safety Eyewear
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Polycarbonate Safety Glasses
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Thin-film Glasses
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Laser Protective Face Shields
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Intense Pulse Light (IPL) Safety Glasses
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  5. Global Laser Safety Glasses Market, By Application, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Automotive Manufacturing
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Medical
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Chemicals
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Military, Aerospace & Defense
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Others (includes oil & gas, power & mining, industrial manufacturing, and welding)
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  6. Global Laser Safety Glasses Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Technology, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Application, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Israel
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • Kentek Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Honeywell International Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • VS Eyewear
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • uvex group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Global Laser Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Phillips Safety Products, Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NoIR Laser Company LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Thorlabs, Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Laser Safety Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Univet Optical Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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