According to the daily Lietuvos Zinios, in 2014, Lithuania’s laser industry generated approximately 70 million US dollars in revenue.

It reported between 2010 and 2014, 26 companies within the laser sector doubled their aggregate revenues.

“I think the official statistics that approximately 20 percent of laser companies’ output remains in Lithuania are exaggerated,” said Petras Balkevicius, the Executive Director of the Lithuanian Laser Association.

“In fact, we export almost everything. The Lithuanian laser is known on all continents, except Antarctica,”

As estimated, the global laser market is worth nearly 10 billion US dollars.