Laser Processing Market |
Full Report Description of Laser Processing Market is available
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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.The
research report studies the overall laser processing market by
segmenting it on the basis of four key parameters: product type, end
use, process, and geography.
By product type, the laser processing market is divided into
solid-state lasers, gas lasers, fiber lasers, and others such as dye,
excimer, and semiconductor lasers. By process, the laser processing
market is segmented into marking and engraving, material processing,
and micro-processing. By end-use industry, the laser processing
market is categorized into aerospace, automotive, electronics and
microelectronics, original equipment manufacturers (OEMs), medical
devices and treatment, and packaging.
The laser processing market is geographically divided into North
America, Asia Pacific, Europe, and Rest of the World. Asia Pacific
dominates the global market and held a share of 42.60% in 2013. This
region is primarily driven by increased demand for laser technology
from original equipment manufacturers in material processing. Asia
Pacific is also projected to be most rapidly developing segment of
the laser processing market owing to increasing number of
manufacturing plants in countries such as China, Japan, and South
Korea.
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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.
Laser Processing Market, by Product Type
> Gas Lasers
> Solid-state Lasers
> Fiber Lasers
> Other (Semiconductor, Excimer, Dye) Lasers
Laser Processing Market, by Process
> Material Processing
> Marking and Engraving
> Micro-processing
Laser Processing Market, by End-use Industry
> Automotive Industry
> Aerospace Industry
> Original Equipment Manufacturers (OEM) Industry
> Electronics and Microelectronics Industry
> Medical Devices and Treatment Industry
> Packaging
Laser Processing Market, by Geography
> North America
> Europe
> Asia -Pacific
> Rest of the World (RoW)
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