The “Global Laser Safety Glasses Market, by Technology (Glass Laser Safety Eyewear, Polycarbonate Safety Glasses, Thin-film Glasses, Laser Protective Face Shields, and Intense Pulse Light Glasses), by Application (Automotive Manufacturing, Medical, Chemicals, Military and Defence and Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 718.02 million by 2027, witnessing a CAGR of 8.5 % during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
Laser safety glasses are used in an environment where eyes can potentially be damaged by laser radiations. The key objective of laser safety glasses is to provide comfortable eyewear that can be worn with safety levels of optical density, in order to lessen or reduce from hazardous laser exposures. Generally, laser safety glasses are rated based on their optical density, which is the base-10 logarithm of the attenuation factor, by which the optical filter reduces the beam power. Working in an environment, where exposure to laser beams is high, precise eye protection laser glasses are recommended for beams of Class 3B, 3R and Class 4. Moreover, laser safety glasses help to reduce the amount of light from various types of lasers with specific wavelengths to a safe exposure level while transferring suitable light for better vision.
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.
Increasing demand from medical and engineering industries is expected to drive growth of the global laser safety glasses market during the forecast period
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.
Innovation of novel products is expected to present lucrative business opportunity for market players in the near future
Laser safety glasses manufacturers are focused on product innovation, in order to sustain the intense competition in the market. For instance, uvex Group’s LASERVISION is a new line of laser safety glasses for dogs called ‘Doggles’, which offers eye protection to pets during veterinary laser treatment. Doggles have OD specifications of OD+ 800–1100nm. These are available in three sizes and fit pets of any size, ranging from small cats to large dogs.
Increasing competition among market players is expected to restrain growth of the global laser safety glasses market over the forecast period
High market potential of laser safety glasses especially from medical industry has interested international and regional manufacturers in the field. This has resulted in intense competition in the laser safety glasses industry due to continuous product launch by major manufacturers. Matured market players like LASERVISION are striving hard to gain more market through new product launches and added features leading to increased competition.
According to Coherent Market Insights’ analysis, the U.S. eyewear market is expected to witness significant growth in the near future, owing increasing launches of new laser safety glass products with different designs and styles to capture growing trend. Laser safety glasses manufacturers are also focused on merger and acquisition activities, especially in terms of acquiring online retailers. This, in turn, is expected to provide significant growth opportunities for key players to expand their consumer base. Moreover, numerous laser safety glasses manufacturers are enhancing laser safety glass technology and introducing cost-effective laser products to maintain their strong presence in the market.
Consumers working in industries such as medical, military, automotive manufacturing, and others are frequently exposed to laser environment in this region. This, in turn, is expected to increase the demand for laser safety products for various applications, thereby driving regional laser safety glasses market over the forecast period. Optical shops channel continues to be a key distribution channel for laser safety glass eyewear products in the region. Moreover, robust economy combined with rising disposable income is expected to drive growth of the laser safety glasses market in the region over the forecast period growth.
U.S. Laser safety falls under ANSI 136.2 standard in the U.S. and lasers are categorised into the following general categories. However, category alone is not always sufficient to determine if or which eye protection is required depending on nature of business.
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.