The global laser processing market is growing, due to developing trends in the industrial sector, technological advancements in laser processing, and growing demand of enhanced processing tools.
Some of the factors providing ample growth opportunities for the market are increasing adoption of disk lasers, increasing demand for mobile electronic devices and automobiles, and green laser devices for projection applications.
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The Asia-Pacific laser processing market is expected to grow with the highest rate during the forecast period. This is due to growing number of original equipment manufacturers and automotive industries, and manufacturing cost reduction in the emerging countries of the region, such as China, India and Japan.
The lack of technical expertise to implement laser processing and varying macroeconomic trends due to Eurozone crisis are two of the major factors restraining the growth of the global market.
The increasing demand for wireless enabled devices and telecommunications is supporting the growth of the global laser processing market. The adoption of laser technology is increasing with a considerable rate among the end-users, due to high speed and accurate industrial processes offered by laser technology, in comparison to traditional technologies.
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Some of the competitors in the global market are Jenoptik AG, Coherent Inc., Rofin-Sinar Technologies Inc., Eurolaser GmbH, ALLTEC GmbH, Newport Corporation, and IPG Photonics Corporation.
Global Laser Processing Market Segmentation
By Laser Type
- Solid Lasers
- Gas Lasers
- Semiconductor Lasers
- Fiber Lasers
- Others
- Micro-processing
- Marking and Engraving
- Material Processing
- Moving Beam
- Fixed Beam
- Hybrid Beam
- Automotive
- Architecture
- Aerospace and Defense
- Semiconductor and Electronics
- Medical
- Others
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Contact:P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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