LASER SAFETY GLASSES MARKET ANALYSIS

The global Laser Safety Glasses Market accounted for US$ 626.0 Mn in terms of value in 2023 and is expected to grow at a CAGR of 10.9% during the forecast period (2023-2030). 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 the slightest amount of laser can lead to a 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 the reduction of energy passing through the laser filter or glass. The higher the reduction of energy, the higher the OD value and the greater the protection level.

Global Laser Safety Glasses Market: Regional Insights

Asia Pacific region dominated the global laser safety glasses market in 2022, accounting for a 36.4% share in terms of value. Asia Pacific region is witnessing rapid industrialization and technological advancement leading to increased adoption of lasers in various industries like manufacturing, automation, healthcare, etc. The growing healthcare sector and rising investments in research and development countries like china and japan are known for their advancement in laser technology which further drives the market for laser safety glasses.North America region has high quality demand for laser safety glasses.Europe region also has significant market for laser safety glasses.

Figure 1: Global Laser Safety Glasses Market Share (%), By Region, 2022

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Global Laser Safety Glasses Market Drivers:

Strict regulatory policies concerning the safety of workers

Increasing options related to the 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, the Occupational Safety and Health Administration (OSHA), an agency of the U.S. Department of Labor, has set standards for the 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 market growth in the near future.

Introduction of novel technology is increasing application of lasers

Development of innovative and advanced laser technology has offered a wider scope for the application of laser safety glasses in the medical field, especially in cosmetic surgery, eye surgery, oncology, dermatology, dentistry, etc. procedures. For instance, Contoura Vision Eye Surgery is an advanced form of LASIK (Laser-Assisted In Situ Keratomileusis) that uses topographic mapping technology to create a highly precise and personalized treatment plan. It is designed to correct refractive errors such as nearsightedness, farsightedness, and astigmatism and provides better visual outcomes than traditional LASIK.

Global Laser Safety Glasses Market Opportunities:

Growing popularity of laser surgery

Laser surgeries have gained significant popularity, as they are painless, blade-less, and 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 on untapped markets. surgeons are trained in laser eye surgeries, these options are becoming more accessible, so more people choose the faster, safer laser procedure over more invasive traditional surgeries. This procedure enhances traditional cataract surgery with the addition of a guided laser, which can create a thinner incision in the cornea that should heal a little faster than scalpel-created incisions. The laser can also be used to reshape the cornea after the natural lens has been removed and replaced, which can greatly improve visual acuity overall. Laser cataract surgery is most often recommended for people who have astigmatism, which causes the eye to become an oval or oblong shape rather than circular.

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 remain a severe threat to the 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. for instance, In February 2022, Revision launches new laser eye protection glasses to counter strikes on aviators. Revision a developer of ballistic and laser protective eyewear systems, has launched new laser eye protection solutions that are optimized for aviator protection and awareness.

Global Laser Safety Glasses Market- Impact of Coronavirus (Covid-19) Pandemic

The COVID-19 pandemic is anticipated to have some negative effects on the market. The demand for laser glasses has reasonably decreased as a result of the worldwide lockdowns imposed by governments. This is said to have an impact on the supply chain process, the laser eyewear manufacturing sector, and other areas. The pandemic has caused disruptions in the process of the supply chain, allowing end users to experience negative effects on the laser eyewear industry and manufacturing process. In addition, researchers all over the world have been working on developing laser eyewear that can identify the virus and protect people from it. During the pandemic, transportation was disrupted, affecting all industries, including the military, medical, and healthcare sectors.

Restraints:

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 glasses are crucial protective equipment used to safeguard individuals from the harmful effects of laser radiation in various applications such as medical, industrial, and research settings. However, stringent certification regulations and standards set by governing bodies and industry organizations can pose significant barriers for new companies trying to enter the market.Established players in the laser safety glasses market have likely invested substantial resources in research, development, and compliance efforts to meet these certification requirements. They may have acquired certifications from recognized authorities, signifying their products adherence to safety and quality standards. In contrast, new entrants face the challenge of navigating through these complex certification procedures, which can be time-consuming and costly.while the global laser safety glasses market offers growth opportunities, the complex certification requirements can create obstacles for new entrants. Overcoming these challenges will require concerted efforts, investments, and strategic partnerships to establish a strong foothold and compete effectively in the market during the forecast period

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

The global laser safety glasses market is likely to face intense competition among manufacturers, which could potentially hinder its growth. As the market continues to expand, more companies are entering the industry, leading to increased competition and a crowded marketplace. These manufacturers will vie for market share by offering various types of laser safety glasses with different features, pricing strategies, and distribution channels.With a growing emphasis on workplace safety and stringent regulations regarding laser usage in various industries, the demand for laser safety glasses is expected to rise. Consequently, both established players and new entrants will aggressively compete to capture a larger portion of the market.Intense competition may lead to price wars, as companies try to attract customers with lower prices, cutting into profit margins for manufacturers. This, in turn, could limit their ability to invest in research and development for innovative products, which are essential for sustained growth in the long run, while the demand for laser safety glasses is expected to grow due to increased safety awareness and regulations, the market's intense competition among manufacturers may hinder overall market growth. Companies will need to adopt effective strategies to differentiate themselves and meet the evolving needs of customers to maintain a strong position in this competitive environment

Global Laser Safety Glasses Market Trends:

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 March 2021, Honeywell, a global technology company, announced the acquisition of Spex CertiPrep, a manufacturer and distributor of analytical reference standards and certified reference materials. While this acquisition does not directly involve laser safety glasses, it highlights the trend of consolidation and companies expanding their product portfolio to serve the broader safety and analytical markets.

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.

Figure 2: Global Laser Safety Glasses Market Share (%), By Application, 2022

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Global Laser Safety Glasses Market Segmentation:

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 (including 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.

Global Laser Safety Glasses Market: Key Developments

In 2020,Honeywell(is an International is a technology and manufacturing company that offers energy, safety, and security solutions and technologies) announced the launch of a new line of laser safety glasses designed for industrial applications. These glasses offered enhanced protection against various laser wavelengths and featured lightweight designs for improved comfort.

In 2020, NoIR Laser Company(NoIR designs and manufactures internationally certified laser safety eyewear, laser windows, sunglasses, and low vision eyewear) introduced a range of laser safety glasses with advanced technology to address the evolving needs of laser users. The glasses incorporated filters and coatings that protected multiple laser wavelengths while maintaining high optical clarity.

In 2023, Kentek Corporation (Kentek Corporation is a research company providing laser eyewear and safety officer training services) launched a series of Laser Safety Glasses with a personal prescription. Kentek’s POLY-Rx™ is a revolutionary line of Prescription Laser Safety Eyewear. POLY-Rx™ was developed to maximize a laser operator’s view through a single lens.

Global Laser Safety Glasses Market: Key Companies Insights

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.

*Definition: Laser safety eyewear is designed to reduce the amount of incident light of specific wavelength tosafe levels while transmitting sufficient light for good vision.