Laser Processing Market Size, Development Status, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2027

The Laser Processing Market Size is expected to grow at a CAGR of 7.3% and is expected to reach USD 6 Billion by the end of the forecast period. In industrial procedures, laser processing techniques are used to change the shape and appearance of industrial materials to meet specific requirements. Other applications of laser technology include dentistry, ophthalmology, urology, skin cosmetics, and other medical fields. The potential advantages of laser processing over conventional processing methods for precision and accuracy are thought to be the market’s growth-stimulating elements.

The overall growth of the business is being fueled by the increased use of laser technology in disc storage applications due to the better quality of music and video preserved in HD DVDs and HD3D displays over conventional discs. In recent years, the laser processing industry has seen an increase in demand due to the introduction of new technologies such as AR/VR techniques, vertical-cavity, and surface-emitting lasers, LiDAT, and the incorporation of blue light in metal processing.

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Market Segmentation

Based on the Product, the global Laser Processing Market has been segmented into Gas lasers, Solid-state lasers, Fiber lasers, and Others.

Based on the Laser Type, the global Laser Processing Market has been segmented into Fixed-beam, Moving beam, and Hybrid beam.

Based on the Application, the global Laser Processing Market has been segmented into Cutting, Marking, Welding, Drilling, Engraving, Additive manufacturing, and Others.

Based on the End Use, the global Laser Processing Market has been segmented into Automotive, Aerospace, Defense, Manufacturing, Semiconductor, Electronics, Medical & life sciences, Packaging, Oil & Gas, and Others.

Based on the Region, the global Laser Processing Market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

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Regional Classification

Due to the rising use of laser processing in various end-user industries, the Asia-Pacific region is predicted to lead the laser processing market value in the forecast year. The need for laser processing has expanded in China due to the presence of various industrial and manufacturing facilities. In the Asia-Pacific area, end-user sectors such as electronics, healthcare, and construction are booming, boosting the overall expansion of the laser processing business. During the historic forecast period, countries such as the United States, China, Japan, and Canada are expected to have a market value of over USD 2.5 billion. Furthermore, strict rules put on the laser processing business in North America are projected to push the laser processing industry’s overall expansion.

Industry News

The major key players in the Laser Processing Market are Altec GmbH (Germany), ALPhANOV (France), Amada Co., Ltd (Japan), Bystronic Laser AG (Switzerland), Coherent Inc. (the US), Epilog Laser, Inc. (the US), Eurolaser GmbH (Germany), Han’s Laser Technology Industry Group Co., Ltd. (China), IPG Photonics Corporation (the US), Newport Corporation (MKS Instruments, Inc.) (the US), Prima Industries (Italy), LaserStar Technologies Corporation (the US), The Needham Group (Needham Coding) (England), Jenoptik Laser GmbH (Germany), Q-Peak Inc. (US), ROFIN-SINAR Technologies Inc. (the US), SEI Laser (Italy), Trumpf GmbH + Co. KG (Germany), Universal Laser Systems, Inc. (Japan), Xenetech Global Inc. (the US), Trotec Laser GmbH (Austria), FOBA (the US), and Mitsubishi Electric (Japan).

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Table of content:

Table Of Contents

1. Executive Summary
2. Scope Of The Report

2.1. Market Definition

2.2. Scope Of The Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Market Structure

3. Market Research Methodology

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat Of New Entrants

4.1.2. Bargaining Power Of Buyers

4.1.3. Threat Of Substitutes

4.1.4. Intensity Of Rivalry

4.1.5. Bargaining Power Of Suppliers

4.2. Value Chain/Supply Chain Of The Global Laser Processing Market

5. Market Overview Of The Global Laser Processing Market

5.1. Introduction

5.2. Growth Drivers

5.3. Market Restraints

5.4. Market Opportunities

5.5. Market Challenges

Continued…

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