Allied Market Research
Loading...
0
Upcoming Allied Market Research
2021
Laser Processing Market

Laser Processing Market By Product (Gas Lasers, Solid-State Lasers, Fiber Lasers, and Others), Process (Material Processing, Marking & Engraving, and Micro-Processing), and Application (Automotive, Aerospace, Machine Tools, Electronics & Microelectronics, Medical, Packaging, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13299
Pages: NA
Nov 2021 | 18 Views
   
Author(s) : Vineet Kumar
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Laser Processing Market

Request Now !

Laser Processing Market Outlook – 2030

Laser processing is a method done by lasers, employed in a variety of industrial and commercial applications. It is used in processes like cutting, welding, and drilling. Engraving, material processing, marking, and other micro-processing are such industrial process which is done with the help of laser processing. When compared to traditional techniques like plasma, flame, and water jet, laser technology has a number of advantages.

Waterjet is utilized for ablation and structuring, while plasma and flame technologies are employed for cutting rather than engraving, marking, or drilling. Waterjet, on the other hand, makes a lot of noise while operating, making it inconvenient for material processing. Laser technology, on the other hand, can efficiently accomplish all of the aforementioned tasks without causing noise pollution.

Lasers are also used to engrave and mark consumer items, electronic components, and other industrial equipment. Automotive, aerospace, original equipment manufacturers (OEM), electronics, medical, packaging, and other end-use industries make extensive use of this technology. All these factors are assisting the growth of laser processing market share globally.

The global laser processing market is segmented on the basis of product, process, application and region. Based on product, the laser processing market is segregated into gas lasers, solid-state lasers, fiber lasers, and others. In terms of process, the market is categorized into material processing, marking & engraving, and micro-processing. On the basis of application, the market is divided into automotive, aerospace, machine tools, electronics & microelectronics, medical, packaging, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global laser processing industry include Prima Industrie S.p.A., Rofin-Sinar Technologies Inc., Universal Laser Systems Inc., Epilog Laser Inc., Coherent Inc., IPG Photonics Corporation, Bystronic Laser AG, Trumpf GmbH + Co. KG, Newport Corporation, and Eurolaser GmbH. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global laser processing market.

Top Impacting Factors

The requirement for high-power lasers with enhanced beam quality is a primary driving force behind the development of lasers for processing industrial materials. Thermal lensing limits the capability of traditional lasers like Nd:YAG rod lasers, (neodymium-doped yttrium aluminum garnet) a crystal that is used as a lasing medium for solid-state lasers. Thermal lensing is a phenomenon induced by the laser crystal overheating, which is common in high-power lasers.

Although the use of diodes instead of lamps for laser production lowers thermal lensing, the beam quality remains limited at higher power levels. Disk lasers avoid thermal lensing and provide superior beam quality and processing capabilities at high power levels. The increase in use of pricey laser-drilling technology for oil & gas exploration is expected to supplant traditional methods. Drilling costs are expected to decrease, increasing the feasibility of uneconomic oil reserves and, as a result, market expansion.

The laser processing market growth is likely to increase further as the need for this sort of processing in industrial solar modules grows. Also, surge in technological advancements, the need for laser technology in the medical industry is expected to increase significantly. Faster healing times, smaller incisions, and less discomfort are all advantages of these technological advancements. Surgical laser demand is likely to rise as these approaches become more widely adopted. Advancements in edge quality and cutting rates are expected to open up more laser processing market opportunity globally.

New Product Launches to Flourish the Market

In April 2020, Trumpf, a German industrial machine manufacturing company launched TruLaser Tube 3000 fiber, a versatile fiber laser metal tube cutting machine. It is excellent for companies that are just getting started in technology and those who wish to grow their production capacity because it is cost-effective even with low to medium workloads. Profiles, round tubes, and unusual L- and U-shaped profiles are all processed by this machine. The solid-state laser is capable of cutting structural and stainless steel, as well as aluminum and non-ferrous metals. It can handle tubes up to 152 millimeters in diameter and profiles up to 170 millimeters in outer circuit diameter.

Surge in Usage in Medical Industry and Additive Manufacturing

In medical applications, carbon dioxide and Nd:YAG lasers are the most often employed technologies. Laser technology, on the other hand, has begun to acquire traction in a variety of applications ranging from diagnostic to treatment. It is commonly used to treat skin, hair, cancer, and the eyes. Several treatments such as artery cleaning, surgery for a detached retina, and other cosmetic surgeries have become available with the use of laser technology.

Laser technology can be used to perform cosmetic procedures such as the elimination of permanent/birthmarks on the skin, port-wine stains, skin blotches, and other skin treatments. Lasers are used to process medicinal materials such as surgical instruments and implanted devices in hospitals and dispensaries.

Furthermore, laser technology is employed in lithotripsy, dermatology, angioplasty, mammography, microscopy, medical imaging, cancer diagnostics, and ophthalmology, among other medical treatments. Additive manufacturing, often known as three-dimensional (3D) printing, has a number of advantages over subtractive manufacturing methods. More complicated designs can be made with less material waste and faster manufacturing rates thanks to additive manufacturing. Laser technology is increasingly being employed for material deposition via welding, in 3D printing.

Key Benefits of the Report

  • This study presents the analytical depiction of the laser processing market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the laser processing market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight laser processing market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the laser processing market.  
  • The report provides a detailed laser processing market analysis based on competitive intensity and how the competition will take shape in coming years

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available For Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Product, Process, Application and Region

 Regions Covered

North America - U.S., Canada, Mexico

Europe – UK, Germany, France, Italy, Rest of Europe

Asia-Pacific - China, Japan, India, South Korea, Rest of Asia-Pacific

LAMEA - Latin America, Middle East, Africa

 Companies Covered

Prima Industrie S.p.A., Rofin-Sinar Technologies Inc., Universal Laser Systems Inc., Epilog Laser Inc., Coherent Inc., IPG Photonics Corporation, Bystronic Laser AG, Trumpf GmbH + Co. KG, Newport Corporation, and Eurolaser GmbH

 

COVID-19 Impact Analysis

The COVID-19 pandemic has slowed the growth of several sectors, including automobiles, oil & gas, and others. It has three major effects on the global economy directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. The COVID-19 outbreak has posed a significant strategic threat to electronics and manufacturing companies in recent months. The electronics and semiconductor manufacturing industries have been harmed by disruptions in raw material supply, temporary shutdown of manufacturing units, inadequate finance, and weak consumer demand. All these factors are hampering the growth of laser processing market size globally

Laser Processing Market Key Segments

Segment

Sub-Segment

 Product

  • Gas Lasers
  • Solid-State Lasers
  • Fiber Lasers
  • Others

 Process

  • Material Processing
  • Marking and Engraving
  • Micro-Processing

 Application

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

 

Questions Answered in the Laser Processing Market Report

  • What are the leading market players active in the laser processing market?
  • What would be the detailed impact of COVID-19 on the laser processing market size?
  • What are the current laser processing market trends that will influence the industry in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future would help in taking further strategic steps?
    • Upcoming report specific FAQs examples: 
      • What is laser processing?
      • What does laser processing allow organizations to achieve?
      • Which technologies combine to make laser processing a critical organizational asset?
      • What are the key benefits of the laser processing market report?
      • Which niches should companies associated with recent improvements establish a presence in?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Laser Processing Market

Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,995  $8,996
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers