In an ever-changing world, demands are never diminished!!! And of course, new ideas and new developments are always on the table.
Laser edgebanding has been around for a while. We have seen it at Ligna (the most important woodworking fair) about 4 shows ago. This means about 7-8 years.
Even though you will witness a incredible amount of R&D put into this line of product at trade shows around the world (Ligna in Germany, etc), this technology is not so common; it has not been adapted so much.