Jan 14, 2023   SOURCE: BusinessWire

Laser Processing Markets: Material Processing, Marking and Engraving, & Micro-Processing - Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts 2022-2027 - ResearchAndMarkets.com

The "Laser Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global laser processing market size reached US$ 4.1 Billion in 2021. Looking forward, the market is set to reach US$ 6.3 Billion by 2027, exhibiting a CAGR of 7.42% during 2021-2027.

Laser processing helps in laser welding, laser cutting, surface modification, laser drilling, and micro-processing. It utilizes projected beams that can be moving, fixed, or hybrid for engraving, etching, micro processing, and material processing.

It is a non-contact processing technique that provides the manufacturer with high-quality, smooth and dimensionally accurate cuts. It also improves the damage resistance of materials and offers composites with no microcracks, which make it more popular than its traditional processing techniques.

Nowadays, laser processing technology is widely used in automotive, aerospace and defense, architecture, packaging, and telecommunication industries for punching, cutting, scribing, welding, and heat treatments.

Laser Processing Market Trends:

The global laser processing market is primarily driven by various advantages of laser process over conventional material processing technologies. Laser processing provides a permanent, faster, and accurate way of marking and engraving while offering high efficiency, superior beam quality and reliability.

Besides this, the rising trend of miniaturization of products and microelectronic devices is fueling the market growth. Furthermore, there has been growing adoption of laser processing technology in the manufacturing of medical devices such as pacemakers, implantable devices and surgical tools.

Moreover, technological advancements have also enhanced the edge quality and cutting speed of laser processing. For instance, the development of a liquid-crystal spatial light modulator (SLM) by Hamamatsu Photonics with the highest pulsed laser power capabilities of up to 400 GW/cm2 is helping users to achieve high-throughput and high-precision laser processing.

Furthermore, the utilization of expensive laser-drilling techniques in oil and gas exploration, which reduce the cost of drilling and improve the feasibility of uneconomic oil deposits across the globe, is further expected to drive the market growth.

Key Questions Answered in This Report:

  • How has the global laser processing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global laser processing market?
  • What are the key regional markets?
  • What is the breakup of the market based on the process?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global laser processing market and who are the key players?
  • What is the degree of competition in the industry?

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

  • Bystronic Laser Ag
  • Coherent Inc.
  • Epilog Laser
  • Eurolaser GmbH
  • Han's Laser Technology Industry Group Co. Ltd.
  • IPG Photonics Corporation
  • Jenoptik AG
  • LaserStar Technologies Corporation
  • Newport Corporation (MKS Instruments Inc.)
  • Prima Industrie S.p.A.
  • Trumpf GmbH + Co. KG
  • Universal Laser Systems Inc.

Key Market Segmentation:

Breakup by Process:

  • Material Processing
  • Marking and Engraving
  • Micro-Processing

Breakup by Product:

  • Gas
  • Solid-State
  • Fiber
  • Others

Breakup by Application:

  • Automotive
  • Aerospace
  • Machine Tools
  • Electronics and Microelectronics
  • Medical
  • Packaging

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/rmskm0

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