The laser cleaning market was valued at USD 551.1 Million in 2017 and is expected to reach USD 723.9 Million by 2023, at a CAGR of 4.22% during the forecast period. The base year considered for the study is 2017 and the forecast period is between 2018 and 2023.
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Cleaning process application dominated the overall laser cleaning market
The laser cleaning market, on the basis of application, has been segmented into conservation & restoration, cleaning process, and industrial. The market for cleaning process held the largest market size because of the high demand for cleaning of automotive parts. Lasers are also used to remove oxide layers on aluminum prior to welding, and to remove coatings such as paint. The growing commercial aerospace sector will also be largely responsible for the overall growth of the laser cleaning market.
Laser cleaning market for fiber laser expected to grow at the highest CAGR during the forecast period
The market for fiber lasers is expected to witness a significant growth during the forecast period owing to factors such as high precision cleaning, good precision of position cleaning, selective washing, and safe environment to facilitate ease-of-operation, coupled with low maintenance cost. The increasing application areas in art and heritage sites, along with automotive and aerospace parts and surface cleaning, have led to the overall growth of the fiber laser market
North America is accounted for the largest share of the laser cleaning market in 2018, followed by Europe and Asia Pacific (APAC). There is an increase in the demand for gas lasers in North America owing to the establishment of the manufacturing sector in the region. Laser cleaning systems are mainly used for the conservation and restoration of antique items and in automotive and aerospace industries and power plants. The growth of this market in Asia Pacific can be attributed to the increased use of laser cleaning in automotive parts and aerospace maintenance sector. The growth of the laser cleaning market in APAC is also driven by the rising infrastructure market in the region.
The high cost and lack of technical expertise are restraining the growth of the laser cleaning market. In 2016, Key players such as Coherent, Inc. (Coherent) (US), Trumpf Group (Trumpf) (Germany), IPG Photonics Corporation (IPG Photonics) (US), Adapt Laser Systems LLC (Adapt Laser) (US), and Clean Lasersysteme GmbH (Clean Lasersysteme) (Germany) led the laser cleaning market.
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