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Global Laser Light Source for HPC Market to Grow with a CAGR of 14.03% During 2022-2031; Rise in Requirement of Faster Data Transfer to Drive Market Growth

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Research Nester published a report titled Laser Light Source for HPC Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global laser light source for HPC market in terms of market segmentation by product type and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global laser light source for HPC market is anticipated to grow with a CAGR of 14.03% over the forecast period, i.e., 2022-2031. The market is segmented by product type into visible laser light sources, infrared laser light sources, and UV laser light sources. Out of these segments, the infrared laser light sources segment is anticipated to garner the largest revenue of USD 273.7 Million by the end of 2031. Further, the segment garnered a revenue of USD 65.9 Million in the year 2021.

The global laser light source for HPC market is estimated to garner a revenue of USD 501.3 Million by the end of 2031, up from a revenue of USD 136.5 Million in the year 2021. Growing demand for HPC systems, increase in government funding for R&D initiatives, and technology advancement to improve performances are some of the major factors estimated to boost the market growth.

Geographically, the global laser light source for HPC market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Amongst these regions, the market in North America region is expected to garner the largest revenue of USD 201.7 Million by the end of 2031. Additionally, in the year 2021, the market in this region generated a revenue of USD 54.1 Million.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Demand for HPC Systems to Boost Market Growth

The companies employ high-performance computing (HPC) methods that are particularly suited to the job at hand. For extremely computationally intensive tasks in physics, quantum mechanics, weather forecasting, and other disciplines, scientists, engineers, and researchers use high-performance computing (HPC). As a result, there has been an increase in demand for HPC in recent years. The global high-performance computing (HPC) market is expected to grow with a notable CAGR during 2021-2029.

However, cyber security concerns, slow adoption pf laser technology in HPC, and high cost of laser application in HPC which are expected to operate as key restraint to the growth of global laser light source for HPC market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global laser light source for HPC market which includes company profiling of Ayar Labs, Inc, Lumentum Operations LLC, Rockley Photonics Ltd, Fujitsu, RANOVUS Inc, and POET Technologies. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global laser light source for HPC market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.


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