According to IMARC Group’s latest report, titled “Laser Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global laser processing market reached a value of US$ XX Billion in 2020. Laser processing refers to a non-contact processing technique that offers the manufacturer high-quality, smooth, and dimensionally accurate cuts. It also enhances the damage resistance of materials and provides composites with no microcracks, making it more popular than conventional processing techniques. Laser processing aids in laser welding, laser cutting, surface modification, laser drilling, micro-processing, etc. It utilizes projected beams that can be fixed, moving, or hybrid, for etching, engraving, material processing, etc. Presently, this technology is extensively used across numerous industries, including automotive, aerospace, defense, packaging, architecture, etc., for punching, scribing, cutting, welding, heat treatments, etc.

 

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The growing consumer preferences towards numerous benefits of laser processing technique over traditional material processing technologies are primarily driving the global market. These advantages mainly include providing a permanent, accurate, and faster way of marking and engraving in addition to offering superior beam quality, high efficiency, reliability, etc. Furthermore, the rising trend of device miniaturization is also fueling the demand for laser processing. Besides this, the growing adoption of laser processing technology in the manufacturing of medical devices, such as surgical tools, pacemakers, implantable devices, etc., is acting as another growth-inducing factor. Moreover, the escalating utilization of expensive laser-drilling techniques in oil and gas exploration activities to reduce drilling costs and increase the feasibility of uneconomic oil deposits is expected to catalyze the laser processing market over the forecasted period. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.

 

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • Bystronic Laser Ag
  • Coherent Inc.
  • Epilog Laser
  • Eurolaser GmbH
  • Han’s Laser Technology Industry Group Co. Ltd.
  • IPG Photonics Corporation
  • Jenoptik AG
  • LaserStar Technologies Corporation
  • Newport Corporation (MKS Instruments Inc.)
  • Prima Industrie S.p.A.
  • Trumpf GmbH + Co. KG
  • Universal Laser Systems Inc

 

Market Segmentation:

 

Breakup by Process:

  • Material Processing
  • Marking and Engraving
  • Micro-Processing
     

Breakup by Product:

  • Gas
  • Solid-State
  • Fiber
  • Others
     

Breakup by Application:

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

 

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

 

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Key highlights of the report:  

                                                  

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

 

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us

 

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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