Laser
technology is used for different industrial processes including
cutting, welding, drilling, marking and engraving. Advantages of
laser technology for material processing over other conventional
techniques are fueling the adoption of laser technology in industrial
processes. Laser technology is used for processing wide range of
materials including metals, non-metals, polymers, glass, rubber and
others. This encourages manufacturers to adopt laser technology in
their manufacturing operations. Growing automobile and aerospace
industry across Europe and Asia Pacific regions is expected to drive
demand for laser processing systems during the forecast period.
Furthermore, laser processing systems are expected to witness high
demand during the forecast period owing to the rising consumer
electronics industry in countries such as China, South Korea and
others.
Worldwide Market Description of Laser Processing :
Laser processing systems offer accurate processes at low costs as
compared to conventional methods such as waterjet cutting, flame
cutting and other processing methods. In addition, laser technology
also offers permanent marking on consumer goods, electronic equipment
and other products. Due to government regulations regarding clear
marking on consumer products such as food, pharmaceuticals and
others, laser technology is expected to be widely adopted for marking
and engraving purpose. Furthermore, advanced laser products such as
fiber lasers are expected to boost the demand for laser processing in
manufacturing operations. These lasers offer large number of
applications and are highly cost effective as compared to other laser
products.
Material processing using laser technology led the global laser
processing market with highest revenue share in 2013. This was mainly
due to large number of applications offered by laser technology.
Laser technology provides high precision cutting, welding, drilling
and marking and engraving without damaging the material.
Additionally, laser technology enables clean processes and minimal
human intervention which helps in minimizing errors.
In 2013, Asia Pacific held the largest market share and accounted for
42.6% of the global laser processing market. This growth was
attributed to the high demand for laser technology in material
processing from original equipment manufacturers (OEM) in the region.
The Asia Pacific region is also expected to be the fastest growing
regional market for laser processing owing to the rise in number of
manufacturing plants of different companies across this region. High
demand for laser technology is majorly from countries such as Japan,
China and South Korea. China is among the leading contributors to the
laser processing market owing to high industry growth and presence of
laser machine manufacturers such as Han’s Laser Technology Co. Ltd.
Look Brochure for Advantages of Laser Processing at:
http://bit.ly/29pyTZY
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