I just finished my PowerPoint for the late January "Marketplace for Lasers & Photonics" meeting in San Francisco (www.marketplaceseminar.com) and have been making a last review of the numbers. Each year I cut it closer and closer to the deadline for submission of this file as I massage the final 3rd quarter numbers that continue to come in. For example, I've received changes in the financials of companies that suffered losses as a result of the flooding in Thailand, II-VI Corp. was one of the more notable ones.
As a little Christmas gift, I’ll give you a hint of what will be disclosed in my forthcoming report in 2011. Sales revenues for industrial lasers (almost $2 billion) and systems (more than $7 billion) broke the 2008 records by 11%, wiping out the losses of the recession a year ahead of what the industry expected.
Historically, since 1970, the year I date as the beginning of industrial laser sales, more than a half million lasers have been sold – valued at close to $22 billion – which were integrated into systems worth more than $75 billion – for a CAGR of 17%. Not bad for an industry that was labeled, in it’s early years, as "non-conventional" by statisticians. In fact, last time I looked, laser machines represented about 10% of total world machine tool sales.
And as I will report in the new year, even with some cooling-off in the markets, industrial lasers and systems should grow another 5% in 2012
So, Happy Holidays to all and see you in 2012.