San Francisco, 26 April , 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, 2018 - 2025
The global laser processing market is expected to reach USD
23 billion by 2025, according to a new report by Grand View Research, Inc. 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.
Access Full Research
Report On Laser Processing Market Analysis:
Further key findings from the report suggest:
·
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
·
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
·
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 Trumpf, Han’s Laser Technology Industry Group Co., Ltd., Amada
Co., Ltd., and Rofin-Sinar Technologies, Inc., among others. Industry
participants focus on technology advancements and innovation to capture market
share.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
global laser processing market based on product, process, application, and
region:
Laser Processing Product
Outlook (Revenue, USD Million; 2014 - 2025)
·
Gas Lasers
·
Solid-state Lasers
·
Fiber Lasers
·
Others
Laser Processing Process
Outlook (Revenue, USD Million; 2014 - 2025)
·
Material Processing
·
Marking and Engraving
·
Micro-Processing
Laser Processing Application
Outlook (Revenue, USD Million; 2014 - 2025)
·
Automotive
·
Aerospace
·
Machine Tools
·
Electronics and
Microelectronics
·
Medical
·
Packaging
Laser Processing Regional
Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
The Middle East & Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-laser-processing-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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