Global Laser Processing Market Analysis 2017-2025 By Product (Gas, Solid-state, Fiber), Process (Material Processing, Marking, Micro-Processing), Application (Automotive, Aerospace, Medical) - Research and Markets
Research and Markets has announced the addition of the "Laser
Processing Market Analysis By Product (Gas, Solid-state, Fiber), By
Process (Material Processing, Marking, Micro-Processing), By Application
(Automotive, Aerospace, Medical), And Segment Forecasts, 2014 - 2025"
report to their offering.
The global laser processing market is expected to reach USD 23 billion
by 2025
The rising utilization of expensive laser-drilling technique for oil &
gas exploration purposes is projected to substitute the traditional
techniques. Decreasing drilling costs are anticipated to increase the
feasibility of uneconomic oil deposits; thus, positively impacting
market growth. The growing need for this type of processing, in
industrial solar modules, is further expected to fuel the laser
processing market growth.
The requirement for laser technology in the medical sector is projected
to witness a significant growth, owing to the increasing technological
advancements. These technical developments offer faster recovery time,
smaller incisions, and lesser pain. The increasing adoption of these
methodologies is expected to spur the demand for surgical lasers.
Advancements, leading to enhanced edge quality & cutting speeds, are
anticipated to offer higher avenues to the laser processing market.
Further key findings from the report suggest:
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Fiber lasers are projected to exhibit a significant growth with a CAGR
exceeding 10.0% from 2016 to 2025, as they are widely used across
several end-use industries and are highly cost-effective, compared to
the other products
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The material processing segment is expected to gain prominence over
the forecast period with an estimated CAGR exceeding 9%, which can be
accredited to the ability of lasers to perform high-speed & accurate
industrial processes
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The Asia Pacific region emerged as the fastest-growing region and is
expected to witness a CAGR of over 10%, owing to the rising number of
OEMs in this region
The key purveyors of this industry are
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Altec GmbH
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Alpha Nov laser
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Amada Co., Ltd
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Bystronic Laser AG
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Coherent Inc.
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Epilog Laser, Inc.
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Eurolaser GmbH
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Han's Laser Technology Industry Group Co., Ltd.
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IPG Photonics Corporation
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Newport Corporation (MKS Instruments, Inc.)
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Prima Industrie
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LaserStar Technologies Corporation
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The Needham Group (Needham Coding)
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Jenoptik Laser GmbH
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Q-Peak Inc.
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ROFIN-SINAR Technologies Inc.
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SEI Laser
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Trotec Laser
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Trumpf GmbH + Co. KG
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Universal Laser Systems, Inc.
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Xenetech Global Inc.
For more information about this report visit http://www.researchandmarkets.com/research/nlwgsc/laser_processing
View source version on businesswire.com: http://www.businesswire.com/news/home/20170510005900/en/
Copyright Business Wire 2017
Source: Business Wire
(May 10, 2017 - 9:44 AM EDT)
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