Chinese laser market under the new globalization: How to navigate your business in China in these turbulent times. Issue 2 (19th April 2022)

• Record Type: Journal Article
• Authors: Gu, Bo
• Is Part Of: PhotonicsViews. Volume 19:Issue 2(2022)
• Page Start: 63
• Page End: 67
• Publication Date: 2022-04-19
• Subjects: Photonics -- Periodicals; Optics -- Periodicals; Lasers -- Periodicals; 621.36; 621.36
• DOI: 10.1002/phvs.202200022
• Languages: English
• ISSNs: 2626-1294

Abstract

Abstract: The Chinese industrial laser market continued to grow in 2021 despite Covid‐19, tariff barriers, and disrupted global supply chains. It is becoming more challenging than ever for laser and photonics companies to navigate in this world's largest growing market while serious tension between the US and China still remains, and potentially worsens. We present here the annual performance of the Chinese laser market in 2021, underline some of the developments and trends, and provide some strategies to navigate the Chinese laser market under the new world order. We forecast that the Chinese laser market will have another double‐digit growth in 2022.