The global Laser market, with a size of 12 billion dollars, has a lot of potentials and is projected to grow to 30 billion dollars or more in the next 5 years at a CAGR of 12%.
New Delhi, India, November 3 (SRV): With technology embedded in every facet of life, the world is evolving faster than ever before.Times are changing in an increasingly open-knowledge society, as the world looks to India as the next biggest manufacturing hub around the Globe, and Laser technology is one of the most clichéd and promising technologies of the 21st century.It is used by a significant number of end-users in the region, whether it is in the form of manufacturing, machinery, rails, aerospace, entertainment, or the beauty industry.The market is also still to be developed.Ex-corporate professional Jayshree Harak, who has also been an active member of the startup community as an Angel Investor and also an advisor to a few startups from a sales & strategy standpoint, recognizes that this journey will be challenging and the biggest challenge for the Indian Laser Market.She says that she was a Head of Sales & Operations at Wuhan Raycus Fiber Laser Technologies Co. Ltd., which has also been an active member of the startup community.
However, India has a slight leg up when it comes to the integrated structure of the laser industry & knowledge of the methods & techniques.I pursued entrepreneurship in order to develop a company that will have a huge effect on the Indian Manufacturing Sector.Further adding, the supply chain in India was also disrupted during Covid because of business coming from a particular location.As I had an opportunity to work at Senior levels in Specifically Manufacturing businesses through Atlas Copco, Famic Tech & Raycus in Sales & Strategy for new Markets, all these factors and experience became the deciding factor when I decided to resign from my corporate life and follow the entrepreneurial path in order to come up with something new to address the current challenges and serve the growing Indian Laser Industry by assisting the market in the area of Lasers and its applications.Jayshree Harak explains that it has come to be time to place our bets on smart manufacturing to reduce our reliance on parts imports and have the best supply chain in India.
The laser and its components industry in India are shining examples of Atma-Nirbharta (self-reliance), and we should keep on our quests for deeper localisation; localization also results in improved cost structures and more advancements, says Jayshree.According to Goshal Shah, Managing Director of Suresh Indu Lasers (SIL), the laser industry is hot, both literally and figuratively, according to Goshal Shah.As Photonics plays a vital role in all industries and drives the global economy, the need of the hour is that as an industry, we must go the extra mile to ensure inclusive growth and should utilize innovative manufacturing and low-cost technologies, because these features only help us jumpfrog from where we are to where we want to be.Suresh Indu Lasers (SIL) is a leader in laser technology in India with 31 years of vast experience.
for its customers since 1990.In the last decade, industrial lasers have evolved into an industry essential, according to Onkar Singh.Lasers today are vital to efficient manufacturing and, in the same time, significantly contribute to global CO2 reduction.After the global pandemic, the future for industrial lasers is going to be bright as the laser industry is expected to evolve and adapt new ways to do business like no other industries.NDISHINE provides a one-stop-solution for Fiber laser machines and components.
According to Rupesh Thole (Jain), Founder & Managing Director of EtchON Marks Control, India has 5% of the global laser market, which is projected to grow to $30 billion in the upcoming 5 years, keeping in mind the future demand for which India will be the leading contributor.Looking at this as an opportunity, if we have the funds and experience here in India, the rate of growth in India’s graph will be zero.EtchON Marks Control has been a dominant player in the development of India’s graph on the global platform for the past ten years.So Jayshree will shortly be coming up with a strategy to serve this segment in a better way.