Laser Processing Market, 2016–2022

The laser processing market is estimated to grow from USD 6.40 Billion in 2015 to USD 9.75 Billion by 2022, at a CAGR of 6.13% from 2016 to 2022. The report aims at estimating the size and future growth potential of the laser processing market across different segments such as type, application, vertical, and region. The base year considered for the study is 2015 and the market size has been projected from 2016 to 2022. With the rise in adoption of laser processing systems in the machine tools, microelectronics, medical, and automotive sectors, solid, gas, and liquid lasers are expected to play a key role in propelling the growth of the laser processing market in the next five years.

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The research methodology used to estimate and forecast the laser processing market begins with capturing data on key market player revenues through the secondary research. The market player offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global laser processing market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which are then verified through the primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries is shown in the following figure.

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The laser processing ecosystem comprises several key market players such as Coherent, Inc. (U.S.), IPG Photonics Corporation (U.S.), ROFIN-SINAR Technologies Inc. (U.S.), Trumpf Group (Germany), Newport Corporation (U.S.), Jenoptik AG (Germany), and Lumentum Holdings Inc. (U.S.) among many others. These companies develop or use the laser processing systems and provide solutions to end users, catering to their unique requirements. The end users are from a wide range of verticals, including machine tools, microelectronics, medical & life sciences, architecture, automotive, and many others.

Key Target Audience

• Technology providers
• Laser processing system providers
• Research organizations and consulting companies
• Associations, organizations, and forums related to laser processing
• Venture capitalists and private equity firms
• Startup companies

Scope of the Report

The research report segments the laser processing market to following submarkets:

By Type:

• Solid laser
• Gas laser
• Liquid laser
• Other lasers

By Application

• Cutting
• Welding
• Drilling
• Marking & engraving
• Microprocessing
• Advanced P\processing

By Vertical:

• Machine tools
• Microelectronics
• Medical & life sciences
• Automotive
• Aerospace & defense
• Architecture
• Others

By Region:

• North America
• Europe
• Asia-Pacific (APAC)
• Middle East and Africa (MEA)
• South America

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