Press release
Global Laser Drilling Machine for Aerospace Market growing at a CAGR of 4.6% during 2018-2025
The aerospace industry is one that can benefit greatly from conversion to Laser Drilling Machine. The modern aerospace industry has requirements for millions of holes per turbine engine to provide cooling during operation. These holes are required in a variety of thicknesses, angles, diameters, and geometries. The new class of Laser Drilling Machine offers this industry a faster, more versatile, more consistent, and cost-effective tool to meet their requirements.
As international economic situation is complicated, in the next few years there will be many uncertainties. Due to economic development and the high sales of Laser Drilling Machine in the international market, the current demand for Laser Drilling Machine product is relatively stable in the mature market, such as North America and Europe, but the demand in Asia-Pacific is relatively higher due to the downstream demand.
Laser Drilling Machine is mainly manufactured and sold by Trumpf, Prima Power, Bystronic, Coherent and Han’s Laser; and these companies occupied about 71.46% market share in 2016.
Geographically, Europe is the largest sales market in the world, which took about 38.04% of the global consumption volume in 2016 and share 33.55% of global total revenue.
Although sales of Laser Drilling Machine brought a lot of opportunities, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Laser Drilling Machine field hastily.
The global Laser Drilling Machine for Aerospace market is valued at 120 million US$ in 2017 and will reach 170 million US$ by the end of 2025, growing at a CAGR of 4.6% during 2018-2025.
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The major manufacturers covered in this report
Trumpf
Prima Power
Bystronic
Coherent
Winbro
Han’s Laser
LG Laser
Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering
North America
Europe
China
Japan
India
Southeast Asia
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