Laser industry in Lithuania is growing 10 times faster than the European average

“The laser industry is growing, last year we had 210 million EUR turnover and we grew by 21 %. Our growth average over 10 years was 16.2 percent and we are actually growing 10 times faster than the European industry average. And you can feel it: we have 60 companies, 1.6 thousand employees in them and 10 percent of them are doctors. And this means that those companies are friends with universities, with centers that train specialists and develop new products”, said Gediminas Račiukaitis, president of the Lithuanian Laser Association, at the opening of Altechna’s new production and office complex in Vilnius.

Račiukaitis, president of the Lithuanian Laser Association, says that the turnover of the Lithuanian laser industry in 2022 reached 210 million euros and increased by as much as 21 percent. According to him, the Lithuanian laser sector is able to grow and expand even in conditions of technical recession. “All sectors are talking about some sort of downturn, and we’re expanding at the same time,” he added.

The president of the Laser Association reminded that Lithuanian laser technologies are recognized and compete at the global level, and in the near future cooperation of specialists in this sector with scientific institutions operating in Taiwan and with South Korean electronics manufacturers is foreseen.

In September, the Lithuanian Laser Technology Research Center will be opened at the Taiwan Industrial Technology Research Institute (ITRI).