Laser Drilling Market Size & Share - Industry Trend and Forecast 2014 - 2020

The report analyzes and presents an overview of "Laser Drilling Market - Global Industry Analysis, Market Size, Share, Growth, Trends & Forecasts 2014 - 2020" worldwide.

The main objective of this report is to define, describe, and forecast the global “Laser Drilling” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Increasing oil and gas demand to meet the industrial and non industrial energy requirements has boosted drilling activities worldwide. Increased drilling activities for extracting from the hydrocarbon reserves can have direct implications on the laser drilling market. Abundance of oil and gas reserves all over the world can significantly augment demand of laser drilling. Several research laboratories around the world are currently working on examining the feasibility of laser drilling technologies for the oil and gas industry. According to researchers, laser drilling can penetrate rocks with higher precision and at a faster rate. Use of high power lasers in both geothermal and the oil and gas industry can make it a useful option in high precision drilling activities. Use of lasers in oil and gas and geothermal applications can be helpful to drill or cut through rocks and stones by causing minimal environmental degradation. Laser drilling is currently used in printed circuit boards and aerospace related applications. Increasing demand for portable electronic devices that require a greater precision for the purpose of designing can boost the laser drilling market in near future.

Segmentation of the laser drilling market can be done on the basis of technology, application and geography. Laser drilling is generally categorized into percussion laser drilling and trepanning laser drilling. Percussion laser drilling applies bursts of pulses of varying spot sizes, beam characteristics and pulse durations. Percussion laser drilling is mostly suitable for ceramics, metals, polyimides, pyrex, composite substrates and polycarbonates. Trepanning laser drilling is generally used to remove a circular disc or a cylindrical core from a substrate. Unlike percussion laser drilling, this technique does not use bursts of pulses to create holes. This method utilizes optics to perform drilling operations. Ability to produce small sized holes, precise control and higher hole production rates are a few benefits that can create an increase in demand for laser drilling technologies. Laser drilling is presently used in automotive, aerospace, ceramic and electronic industries. Use of laser drilling activities in these industries has not only reduced the production times, but also helped in achieving highly accurate and consistent results.

Diverse applications such as high precision drilling in aerospace and automotive industry are some of the principal drivers for this market. Other drivers include the advantage of laser drilling techniques compared to conventional ones in terms of both speed and precision. High capital investments coupled with thermal effects due to heat production are the major restraints to the laser drilling market. Opportunities for laser drilling activities depend on the feasibility of using laser drilling in the oil and gas industry. If feasible, applications of laser drilling in oil and gas can be diverse and open up multiple avenues for utilization. Utilizing laser drilling technology is likely to significantly reduce the drilling time and result in minimal negative impact on the environment.

Some of the key players in Laser drilling market include companies such as JK lasers, RESONETICS, Laserage Technology Corporation, EDAC Technologies Corporation, SCANTECH LASER PVT. LTD and Lenox Laser.

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This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides distinctive graphics and exemplified SWOT analysis of major market segments

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