According to the new market research report "Laser Processing Market
by Type (Solid, Liquid, Gas), Application (Laser Cutting, Laser
Welding, Laser Drilling, Laser Engraving & Marking, Microprocessing,
Advance processing), Vertical & Geography - Global Forecasts to
2022", the laser processing market is estimated to reach USD
9.75 Billion by 2022, at a CAGR of 6.13% between 2016 and 2022. The
increasing use of solid and gas lasers mainly CO2, fiber, dye, excimer,
and YAG in the cutting, drilling and marking & engraving
applications, and the growing demand for lasers across diversified
verticals are driving the growth of the laser processing market.
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The laser processing market is segmented on the basis of laser types into solid, liquid, gas, and other lasers. The market for laser processing was led by solid lasers due to the increasing adoption of fiber, semiconductor, and YAG lasers for an extensive range of applications such as cutting, drilling, welding, and marking & engraving among many others. These lasers are also witnessing an increased level of adoption across machine tools, automotive, medical, and microelectronics verticals.
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The laser processing market is segmented on the basis of laser types into solid, liquid, gas, and other lasers. The market for laser processing was led by solid lasers due to the increasing adoption of fiber, semiconductor, and YAG lasers for an extensive range of applications such as cutting, drilling, welding, and marking & engraving among many others. These lasers are also witnessing an increased level of adoption across machine tools, automotive, medical, and microelectronics verticals.
The application in the machine tools vertical is
expected to account for the largest share of the laser processing market
during the forecast period due to the rising adoption of lasers in the
industrial sector for various material processing applications such as
cutting, drilling, welding, and engraving. The laser processing market
for the architecture vertical is expected to grow at the highest rate
from 2016 to 2022 as lasers allow architects to obtain precisely cut
material to determine the exact measurements of a building and other
necessary components in a model.
APAC is expected to hold the largest share of the
global laser processing market during the forecast period. This is
because of the increasing adoption of laser systems across multiple
application areas in this region. APAC also offers potential growth
opportunities for the laser processing market as there is a rise in the
adoption of solid, gas, and liquid lasers mainly CO2, excimer, YAG,
semiconductor, and dye in machine tools and microelectronics sectors.
These sectors deploy laser systems to carry out cutting, drilling,
welding, micro processing, and marking & engraving and other similar
jobs frequently.
Some of the key players operating in the laser
processing market are 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), Eurolaser GmbH
(Germany), Epilog Laser (U.S.), Alltec GmbH (Germany), and Lumentum
Holdings Inc. (U.S.).
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The scope of the report covers detailed information
regarding the major factors influencing the growth of the laser
processing market such as drivers, restraints, challenges and
opportunities. A detailed analysis of the key industry players has been
done to provide insights into their business overview, product and
service offerings, key strategies, new product launches, mergers &
acquisitions, partnerships, agreements, collaborations, and recent
developments associated with the laser processing market.
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Magarpatta city, Hadapsar
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1-888-600-6441
Email: sales@marketsandmarkets.com
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