Global Laser Processing Market, By Laser Type (Gas Lasers, Solid Lasers, Liquid Lasers and Others), Configuration (Laser Processing Configuration and Laser Cutting and Engraving Configuration), Revenue (Laser Revenue and System Revenue), Application (Cutting, Drilling, Welding, Marking and Engraving, Micro Processing, Advanced Processing and Others), End User Industry (Microelectronics, Micromachining, Aerospace and Defense, Medical and Life Sciences, Automotive, Architecture, Machine Tools and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Laser Processing Market
Data Bridge Market Research analyses that the laser processing market would exhibit a CAGR of 7.99% for the forecast period. Rising demand for laser processing by healthcare industry, increased demand for optical communication and rising availability of infrared thermometer are the major factors attributable to the growth of laser processing market. Therefore, the laser processing market value would climb up to USD 7.30 billion by 2028.
Laser processing is a technique that involves the use of beam for a wide range of industrial and commercial applications. Light amplification by stimulated emission of radiation (LASER) contains narrow beam light with more energetic photons.
Increasing demand for laser processing technology by the healthcare vertical owing to the increasing prevalence of surgical procedures would imply growth in the market value. Rising demand for laser-based material processing and miniaturization of electronic devices will also create lucrative growth opportunities for the market in the long run. A wide range of benefits of laser processing over conventional laser processing technologies will also propel growth in the laser processing market demand.
However, rising environmental concerns regarding the mining of rare earth elements will pose a major challenge to the laser processing market growth. Also, high initial cost of investment will act as market restraint for this market. Also, lack of technical expertise to implement laser processing coupled with technical complexities in high-power lasers will also dampen the laser processing market growth rate.
This laser processing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on laser processing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Laser Processing Market Scope and Market Size
The laser processing market is segmented on the basis of laser type, configuration, revenue, application and end user industry. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on laser type, the laser processing market is segmented into gas lasers, solid lasers, liquid lasers and others. Gas lasers segment is sub-segmented into CO2 lasers, excimer/diode lasers, argon lasers, chemical lasers and He–Ne lasers. Solid lasers segment is sub-segmented into yttrium aluminium garnet (YAG) lasers, semiconductor lasers, thin-disk lasers, ruby lasers and fibre lasers. Liquid lasers segment is sub-segmented into X-ray lasers and dye lasers.
- Based on configuration, the laser processing market is segmented into laser processing configuration and laser cutting and engraving configuration. Laser processing configuration segment is sub-segmented into fixed beam, moving beam and hybrid. Laser cutting and engraving configuration segment is sub-segmented into raster mode and vector mode.
- Based on revenue, the laser processing market is segmented into laser revenue and system revenue.
- On the basis of application, the laser processing market is segmented into cutting, drilling, welding, marking and engraving, micro processing, advanced processing and others. Cutting segment is sub-segmented into fusion cutting, flame cutting, sublimation cutting. Drilling segment is sub-segmented into single-pulse drilling, percussion drilling, trepanning drilling and helical drilling. Marking and engraving segment is sub-segmented into direct laser engraving, direct photopolymer laser imaging and subsurface laser engraving.
- On the basis of end user industry, the laser processing market is segmented into microelectronics, micromachining, aerospace and defense, medical and life sciences, automotive, architecture, machine tools and others. Microelectronics segment is sub-segmented into flat-panel display (FPD), advanced packaging and interconnects and semiconductor manufacturing. Aerospace and defense segment is sub-segmented into laser defense system technology and laser radar (LIDAR). Medical & Life Sciences segment is sub-segmented into laser vision correction, confocal microscopy, optogenetics and others. Others segment is sub-segmented into glass, wood, plastics and tobacco.
Global Laser Processing Market Country Level Analysis
Global laser processing market is analysed and market size insights and trends are provided by country, laser type, configuration, revenue, application and end user industry as referenced above.
The countries covered in the laser processing market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific lions the laser processing market and will extend similar trend over the forecast period owing to the increased application of laser processing techniques by various end user verticals such as automotive and healthcare industries.
The country section of the laser processing market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Laser Processing Market Share Analysis
The laser processing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laser processing market.
The major players covered in the laser processing market report are Lumentum Operations LLC, Gravotech, LaserStar Technologies Corporation, LUMIBIRD, Epilog Laser, AMADA CO., LTD., Coherent, Inc., TRUMPF, Han’s Laser Technology Industry Group Co., Ltd, IPG Photonics Corporation, JENOPTIK AG, Newport Corporation, PRIMA INDUSTRIE S.p.A., Universal Laser Systems, Inc., eurolaser GmbH, BYSTRONIC, ALLTEC GmbH, Danaher, Panasonic Corporation and Novanta Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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