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Different laser technologies comprising gas, solid, and fiber are used for laser processing techniques, which includes cutting, welding, drilling, marking, and engraving. The laser processing market is expected to witness a high demand during the forecast period, owing to the wide applications of laser technology. The value of the laser processing market is set to grow at CAGR of 6.18%, from $ 11.24 billion in 2013 to $17.36 billion in 2020. In this report, the segmentation for laser processing market has been done considering both the supply and demand side of the market. Different segments such as laser technology type, applications, and machine configuration define the supply side, whereas verticals define the demand side.
In the supply side, technology based segmentation divides the market according to, the various laser technologies such as gas lasers, solid state lasers, fiber lasers, and semiconductor lasers. On the other hand, the machine configuration segment describes how the above mentioned lasers are used. Three types of configurations; moving beam, fixed beam, and hybrid, along with the mode of operation are covered in this report. The applications include cutting, drilling, marking and engraving, micro-processing, and advanced processing. The demand side of the laser processing market comprises automotive, aerospace & defense, medical, and machine tooling industries. The market has been segmented based on geography into North America, Europe, APAC, and ROW.
The report also provides details of the market trends affecting the overall market. This includes market growth drivers such as demand in oil & gas, automotive, semiconductor & electronics sector, need of advanced processing tools for micro-processing applications along with, research & development activities in the field of new laser technologies.
Besides analyzing the global laser processing market segment-wise, the report includes the profiles of major players along with their market positions, business strategies and various recent developments. To provide a better understanding of the competition in this market, it also includes Porter’s Five Forces model analysis, value chain analysis, strategic benchmarking, and application and technology trend analysis. The study on the global laser processing market has been conducted with an objective of providing a thorough coverage of the underlying technological and economic issues pertaining to the laser processing market. The report gives a detailed analysis of the prevalent market trends and company profiles. Some of the major companies included in the report are Trumpf Group (Germany), Epilog Laser (U.S.), Coherent, Inc. (U.S.), Rofin-Sinar technologies (U.S.), Newport Corporation (U.S.), Laserstar technologies corporation (U.S.), and IPG Photonics Corporation (U.S.).
Key Take-Away:
• The market for laser processing is growing at a CAGR of 6.18%. The report analyzes the market with a special focus on high growth application segments
• Key drivers, restraints, opportunities along with, Porter’s Five Forces and the value chain analysis for the laser processing market
• Detailed competitive landscape of the key players with an in-depth market share analysis along with, their individual revenues
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