"Prospective Interpretation" 2024-2029 Laser Industry Listed Companies Competition Analysis
DATE:  Jan 13 2024

major listed companies in the industry: Han's laser (002008); Huagong science and technology (000988); Lianying Laser (688518); Jinyun Laser (300220); Ruike Laser (300747); Fujing Technology (002222); Opal Optoelectronics (002338); Guangku Technology (300620); Berchu Electronics (688188), etc.

-- Development of China's Laser Industry Policy

China's policy support for the development of the laser industry has increased year by year. In 2006, my country issued the "National Medium and Long-term Science and Technology Development Plan Outline (2006-2020)" for the first time listed laser technology as a cutting-edge technology for my country's key development; the "Twelfth Five-Year" National Strategic Emerging Industry Development Plan pointed out To accelerate the industrialization of laser display; the "13th Five-Year" Special Plan for Scientific and Technological Innovation in the Field of Advanced Manufacturing Technology "proposes to realize the localization of high-performance lasers; in 2021, the" 14th Five-Year Plan for Intelligent Manufacturing Development "pointed out that it is necessary to vigorously develop intelligent manufacturing equipment including advanced laser processing equipment.

-- Development Direction of Laser Industry at National Level

In the development direction of the laser industry, from the perspective of policy formulation, technological breakthroughs, industrial development and application expansion are the main contents. In terms of technological progress in the laser industry, my country will accelerate the development and iterative upgrading of intelligent manufacturing equipment, which is a good policy opportunity for the laser industry; in terms of industrial development, the development goal of my country's laser industry is to reach the same level as advanced countries and build lasers. Industrial clusters; in terms of application expansion, the laser industry will strengthen its applications in medical and health, industrial manufacturing, etc., and finally realize mass applications in key areas.

-- Comparison of business layout of listed companies in laser industry

among the listed companies in the laser industry, almost all of the upstream opal optoelectronics, changhua optical core and reeke laser, huagong technology and japut of the midstream laser are laser-related businesses. the laser-related businesses of Han's laser, starfish, delong laser and inno laser are between 90% and 95%. they are actively expanding the whole industrial chain of laser-related construction and have layout in various sub-sectors; the second is Juguang Technology, Guangyunda, Lianying Laser and Baichu Electronics. The layout of laser-related businesses is 80% ~ 90%. It has strong market competitiveness in professional subdivision fields. The business layout of Jinyun Laser, Guangku Laser, Yawei Stock Company and Fujing Technology accounts for 30%-50% of the company's total, and its application proportion of laser industry is continuously increased in their respective subdivision fields, the future will continue to expand laser-related construction business. In addition, these listed companies basically 80%-90% of the business proportion in the domestic, but also part of the export business. On the domestic side, East and South China and Central China are the more focused layout areas.

-- Comparison of laser-related business planning of listed companies in the laser industry

As the country strongly supports the development of laser-related industries, laser companies currently have sufficient orders, and companies are rushing to deploy operational plans for 2022 and beyond. Some companies are stepping up the expansion of industrial parks and production lines to meet the increasing production capacity, and some companies continue to invest more funds in research and development.

-China laser industry industry concentration

From the perspective of industry concentration, the concentration of lasers is higher, with CR3 as high as 73% and CR5 as high as 86%, almost completely monopolizing the market. Laser processing equipment industry concentration is relatively low, CR3 is 19%,CR5 is 21%, the market competition is relatively fierce.

-Summary of the state of competition in China's laser industry

from the perspective of the five-force competition model, at present, China's laser industry belongs to high-end equipment and intelligent manufacturing industry. due to high technical barriers, it takes a long time for enterprises to mature their general products and processes, and the threat of substitutes is small at present. There are many competitors, but the market concentration is relatively high from the perspective of the whole industry. Upstream suppliers are photoelectric raw materials, laser components and other enterprises with strong bargaining power, the downstream consumer market is mainly industrial and other fields, and the bargaining power is weak; at the same time, due to the high threshold of industry capital, technology, and talents, the threat of potential entrants is small.

for more research and analysis of this industry, please refer to the prospective industry research institute's "analysis report on China's laser industry market prospect and investment strategic planning". at the same time, the prospective industry research institute also provides solutions such as industrial big data, industrial research, policy research, industrial chain consultation, industrial map, industrial planning, park planning, industrial investment promotion, IPO investment feasibility study, IPO business and technology writing, IPO working draft consultation, etc.

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