Laser processing uses a concentrated beam of laser for various processing including welding, cutting, marking, and drilling among others. The increasing demand for high quality genuine products is one of the factors supporting the growth of laser processing market. The laser processing market is highly fragmented with a large number of players operating in the market. The growing application areas is creating lucrative business opportunities for the laser processing market.
MARKET DYNAMICS
Increasing demand miniaturization of microelectronic devices, technological advancements, and growing preference for laser-based material processing over traditional approaches are some of the significant factors driving the growth of the laser processing market. However, the high costs of deployment and lack of skilled workforce might hinder the growth of the laser processing market.
MARKET SCOPE
The "Global Laser processing Market Analysis to 2028" is a specialized and in-depth study of the laser processing market with a special focus on the global market trend analysis. The report aims to provide an overview of laser processing market with detailed market segmentation by type, processing configuration, application, end-user industry and geography. The global laser processing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading laser processing market players and offers key trends and opportunities in the laser processing market.
MARKET SEGMENTATION
The global laser processing market is segmented on the basis of type, processing configuration, application, and end-user industry. Based on processing, the market is segmented as Solid lasers, liquid lasers, gas lasers, and others. On the basis of processing configuration, the market is segmented as fixed beam, moving beam, and hybrid. Based on application, the market is segmented as cutting, drilling, welding, marking and engraving, micro-processing, advanced processing, and others. Based on End-use industry, the market is segmented as microelectronics, micromachining, aerospace and defense, automotive, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global laser processing market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The laser processing market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting laser processing market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the laser processing market in these regions.
MARKET PLAYERS
The reports cover key developments in the laser processing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from laser processing market are anticipated to lucrative growth opportunities in the future with the rising demand for laser processing market. Below mentioned is the list of few companies engaged in the laser processing market.
The report also includes the profiles of key laser processing market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Automation Tooling Systems Inc.
- Coherent, Inc.
- HAN'S LASER
- IPG Photonics Corporation
- JENOPTIK
- Laser Processing Technology, Inc.
- Manz AG
- PaR Systems, LLC
- TRUMPF
- TWI Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.