The latest research study “Industrial Lasers Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global industrial lasers systems market size reached a value of US$ 18.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 29.96 Billion by 2027, exhibiting a CAGR of 8.30% during 2022-2027.
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An industrial laser is a single-wavelength source of high-energy light. It uses atoms or molecules and stimulates emission to generate a clean beam of light from a medium of controlled size, form, and purity. Some of the commonly used industrial lasers include carbon dioxide, fiber, diode, and solid-state lasers. They consist of a filter, rotary device, controller, galvanometer, gain medium, energy source, and mirrors to amplify the protons. Nowadays, industrial lasers find extensive applications in cutting, welding, engraving, brazing, marking, lithography, communication, and material processing activities across electronics, semiconductors, automotive, food and beverage (F&B), and medical industries across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industrial Lasers Systems Market Trends and Drivers:
The market is primarily driven by the increasing adoption of lasers for engravings and custom markings across various industries, such as medical, aerospace, automotive, defense, and packaging. This can also be attributed to the escalating demand for automation and high-end processing in manufacturing applications.
In addition, the widespread adoption of fiber lasers in semiconductors and other electronics due to their ability to offer enhanced output power and optical quality, which is available in both continuous and modulated wave modes, represents another major growth-inducing factor. Moreover, several technological advancements, such as the incorporation of laser systems in additive manufacturing, are providing a positive thrust to market growth.
Besides this, industrial lasers are also used for the 3D printing of products to offer improved customization and efficiency, reduced waste generation, and minimized errors. Furthermore, rapid industrialization, and the increasing utilization of direct-diode lasers for cutting plastics, ceramics, and fiber-reinforced and organic materials, are also creating a positive market outlook.
Global Industrial Lasers Systems Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Industrial Lasers Systems Companies:
ACSYS Lasertechnik US Inc., Amonics Ltd., Coherent Inc., Han’s Laser Technology Industry Group Co. Ltd, II-VI Incorporated, IPG Photonics Corporation, Jenoptik Laser GmbH, Lumibird Group, Newport Corporation (MKS Instruments Inc.), NKT Photonics A/S, Toptica Photonics AG and TRUMPF.
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The report has segmented the market on the basis of region, type, application and end use industry.
Breakup by Type:
- Fiber
- Solid State
- CO2
- Others
Breakup by Application:
- Cutting
- Welding
- Marking
- Drilling
- Others
Breakup by End Use Industry:
- Semiconductor and Electronics
- Automotive
- Aerospace and Defense
- Medical
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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