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.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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.
Solid lasers expected to hold the largest market share during the forecast period
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.
Application in the machine tools vertical expected to hold the largest market share during the forecast period
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 expected to hold the largest share and witness highest growth
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.).
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.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
No comments:
Post a Comment