Market Verticals and Megatrends

FOCUSING ON GROWTH APPLICATIONS AS LASERS PENETRATE RAPIDLY GROWING ADDRESSABLE MARKETS PRECISION MANUFACTURING TAM: $10B, CAGR: 9% • EV battery welding • Medical device manufacturing • Consumer goods manufacturing • Sources: Optech Consulting - Laser Market Data, Internal Estimates SEMICONDUCTOR CAPITAL EQUIPMENT TAM: $6B, CAGR: 6% Enabling mobile communications, cloud, automotive, and loT Acceleration in wafer fab investments for inspection. • Next generation wafer fab tools Pulsed laser deposition • Sources: Strategies Unlimited 2021, SEMI, Internal Estimates Note: TAM based on CY2022; CAGR based on 2022-27 timeframe. COHERENT Copyright 2022, Coherent. All rights reserved. • LIFE SCIENCES & RESEARCH TAM: $5B, CAGR: 7% Personalized medicine • Diagnostic and drug discovery • Disease detection and treatment Sources: Strategies Unlimited, Markets & Markets, SDI (Strategic Directions), Internal Estimates 23

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