 |
Detailed Information @
Rising demand for efficient material processing techniques in
manufacturing industries is another driving factor for laser
processing market. Additionally, miniaturization of electronics goods
is another factor encouraging the adoption of laser technology for
production of circuit boards, integrated circuits (ICs) and other
electronics components. Laser technology is useful for processes such
as cutting and marking in small dimensions. Thus, laser technology
plays an important role in marking process for small electronic
components. Moreover, government regulations about clear and
permanent marking on food and pharmaceutical products mandates the
use of laser technology for marking processes. This may fuel the
adoption of laser technology in marking during the forecast period.
Growing industries in Asia Pacific region is another important factor
driving the laser processing market in this region.
The Laser Processing Market attains a value of US$17.26 billion by
2020, developing at a healthy CAGR of 10.2% between 2014 and 2020 and
reached a value of US$8.76 billion in 2013. The gas lasers product
segment held 60.2% of the overall laser processing market in 2013.
The material processing market segment dominated the global laser
processing market based on processes, generating the highest revenue
in 2013. The automotive and aerospace industries led the global laser
processing market based on end use owing to the rapid increase in
demand from original equipment manufacturers (OEMs) for laser
technology in material processing.
Request Sample for this Report @
The global laser processing market is driven by growing advantages of
laser technology over conventional material processing technologies,
rising use of laser drilling in oil and gas exploration, government
regulations mandating the use of laser technology in marking and
engraving products, and increasing applications of laser products in
medical devices and surgeries. While emerging applications of laser
technology and growing use of disk lasers in industrial applications
hold immense scope for growth, the laser processing market is likely
to be challenged by high initial costs of laser processing machines
and rising environmental concerns with respect to mining of rare
earth elements. Other trends that have been influencing the workings
of the laser processing market include growing adoption of laser
technology in additive manufacturing, rising use of ultra-short
lasers for industrial processes, and laser melting in 3D printing to
be used for various applications such as medical, jewelry, and
aerospace.
Due to a wide range of applications of laser technology, demand from
the global laser processing market is likely to rise in the
forthcoming years and is estimated to reach US$10.26 billion by 2020.
Being a non-contact process, one of the main factors fueling growth
of the laser processing market is the potential of laser processing
for providing clean and damage-free operation. Worldwide,
manufacturing industries are in need of efficient materials and
processing techniques for the production of various industrial and
electronic products. It is during such times that the laser
processing market plays a critical role in accomplishing specific
industrial jobs and notching up its unwavering presence in the global
market.
The major players competing in the global laser processing market
include Prima Industrie S.p.A., Trumpf GmbH + Co. KG, Bystronic Laser
AG, Newport Corp., LaserStar Technologies Corp., Epilog Laser Inc.,
Eurolaser GmbH, Han’s Laser Technology Co. Ltd., Coherent Inc.,
Rofin-Sinar Technologies Inc., Amada Co. Ltd., IPG Photonics Corp.,
Universal Laser Systems Inc., and Jenoptik Laser GmbH. These players
are profiled in the report based on attributes such as company and
financial overview, recent developments, business strategies, and
product portfolio.
Request Brochure @
No comments:
Post a Comment