Latest Research Report on Laser
Processing Market begins with a deep
introduction and then delves broad into specific segments such as raw material,
application, end user, and region, policy study, value chain structure, and
upcoming trends in particular segments or regions. The report on Laser
Processing prepare a case for investments in different regions based on a
practical view of their regulatory outline, manufacturing dynamics, and
availability of skills and resources in that region.
Laser Processing Market
Report by Material, Application, and Geography – Global Forecast to 2024 is a
professional and in-depth research report on the world’s major regional Laser
Processing Market conditions, focusing on the main regions (North America,
Europe and Asia-Pacific) and the main countries (United States, Germany, united
Kingdom, Japan, South Korea and China).
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Industry Insights
In the year 2015 the global
laser processing market was sized at $10.36 billion and is estimated to grow at
a significant rate due to the increase in material processing applications.
Precise and accurate operations of industrial processes are achieved by
implementing the laser technology in manufacturing.
The regulations and the
norms set by the governments are expected to positively affect the growth of
laser processing market in next few years. Due to their increased usage in various
applications ranging from marking, cutting to welding, drilling, engraving the
technology all set to witness tremendous growth in during the forecast period.
The strict directives set
by the governments on the usage of laser technology in marking and its
increased use in the growing field of medical surgeries and devices is expected
to drive the laser processing market in the near future.
Product Insights
The products related to
laser technology consist of fiber, gas and solid-state lasers. Gas segment
consists of nitrogen, copper, carbon monoxide, carbon dioxide, helium-neon and
argon-ion lasers.
Solid state lasers are
further divided into YAG or Nd lasers, Q-switched Nd lasers, small-diode pumped
Nd, YVO4 lasers and large sized lasers in end or side pumped configuration.
Manufacturers are benefitted by the use of fiber lasers with their use in the
manufacturing technology which acts as a driver fir the market.
Varied field applications
in the fields such as aerospace, machine tools, automotive, medical and
packaging is estimated to fuel the global laser processing market over the
forecast period.
Application Insights
Application segment mainly
includes OEMs, Automotive, electronics and microelectronics, aerospace, medical
and packaging. Rise in the rate of adoption of laser in various industrial
applications such as cutting, welding, drilling engraving and various material
processing activities is expected to drive the market to new growth heights in
the next few years particularly due to extensive use of this technology as
machine tools.
The ever increasing demand
in the fields of microelectronics and medical sector is expected to drive laser
processing growth. Key role is played by the process of welding the medical
applications primarily such as implantable devices, pacemakers, surgical tools
which involve non-porous and ultra-fine sterile surfaces which are implemented
in cardio logical processes.
Emerging applications in
the fields of oil and gas and automotive sector will fuel the growth of laser
technology along with the increase in the usage of machine tools over the next
few years. Moreover, high speeds offered by laser cutting, improves the quality
of cutting edges and provides the material in automotive segment with low-heat
operation.
Competitive Insights
Few major global players
present intense competition which essentially is the characteristic of the
market. These key players hold a majority of the market share. New product
developments and research procedures are undertaken by firms so that newer
business opportunities are available in front of them.
Universal Laser Systems is
the firm that provides products to the military branches and security agencies
for custom parts fabrication, asset management and other security and production
uses. Naval bases, Air bases and military bases all over the world use this
technology. Major players in the market are LaserStar Technologies, Amanda Co.
Ltd., IPG Photonics Corporation and Newport Corporation.
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