Global "Laser
Processing Market" 2025 Industry
research report covers the industry overview with Marketplace Size, Share,
Development, futuristic cost, earnings, demand and distribution data. Its vast
repository offers an analytical summary of the marketplace that can help to the
new and existing player to take a significant decision.
In this report, we
thoroughly examine and analyse the Global market for Laser Processing so that
market participants can improve their business strategy and ensure long-term
success. This report provides players with useful information and suggests
result-based ideas to give them a competitive advantage in the global Laser
Processing industry. It will show how other players compete in the global Laser
Processing Market and explain the strategies you use to differentiate yourself
from other participants.
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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.
Process Insights
Laser processing segment
consists of marking and engraving, material processing and micro-processing.
This section comprises of all the major factors of laser and material
processing involving implementation of laser beam welding, hybrid processes,
micro drilling, surface modifications, ablation of bulk material and coatings,
cutting & machining direct manufacturing and so on.
Crude oil extraction that
involves mainly mining and drilling activities is largely benefitted by laser
technology. Aerotech offers development in main areas such as mechanics, laser
controls and controls. They also aid the system integrators, OEMs, end users
using processes such as cutting systems, marking, welding, etching and marking
systems.
Furthermore, the engagement
of laser technology with water-jet cutting technology in smooth surface with
narrow cuts, increases the overall efficiency subsequently fuelling the market
growth over next few years.
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.
Regional Insights
Largest market share was
accounted by the Asia-Pacific region in the year 2015 consuming over 30% of
overall revenue. It is expected to witness substantial growth due to the rising
number of OEMs in this region. Moreover, key consumer of industrial laser and
subsystems is expected to be China which is raising its applications in material
processing and micro processing.
Regulations set by
governments that lay permanent and clear paths for the use of laser processing
are also expected to drive the growth of laser processing technology across
several regions. Additionally, the growing automotive sector in the European
region with rising adoption of laser processing are expected to boost the
demand of this technology over the forecast period.
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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