San Francisco 24 April 2019 The Report 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 Research Report of Laser Processing Market @ http://www.grandviewresearch.com/industry-analysis/laser-processing-market
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
·
Europe
·
Asia Pacific
·
Latin America
·
The Middle East & Africa
Access Press Release of
Laser Processing Market@ 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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