Industrial Lasers Market Is Thriving Worldwide, Business Status and Opportunities in Grooming Regions: Coherent, IPG, Rofin, Prima, GSI, Nufern, NKT Photonics, IMRA, Bystronic

The Global industrial lasers Market is expected to grow at a CAGR of 4.83% during the forecast period (2020 - 2025).

The increasing adoption of laser processing in industries can be easily be attributed to factors such as automation, which allow computer and robot control without any human intervention. The use of industrial lasers in fiber optics has also provided access to previously inaccessible locations.

The report discusses many vital industry facets that influence Global Industrial Lasers industry acutely which includes extensive study of competitive edge, latest technological advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.

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The Global Industrial Lasers market report chiefly includes following manufacturers-

Coherent, IPG, Rofin, Prima, GSI, Nufern, NKT Photonics, IMRA, Bystronic

Segmentation by Type: CO2 Laser, Solid State Laser, Fiber Laser, Other

Segmentation by Application: Metal Processing, Marking & Engraving, Semiconductor & Micro-Processing, Other

Industry Analysis:

With the government imposing regulations in regards to the reduction of the CO2 emissions, automobile manufacturers are moving towards technological innovations in lasers to achieve the targets and maintain symmetry with stringent rules imposed by the government.

The increasing demand for high output power and small power is projected to spur the demand for fiber laser market. The high reliability on fiber laser is anticipated to drive the global industrial laser market.

Industrial laser marking offers high resolution, allowing the application of any type of barcode, even on rough surfaces. The optimized process also enables high contrast marking on a wide range of materials, including plastics and metals.

Global Industrial Lasers Market Competitive Landscape

Laser Marking is Expected to Hold a Significant Market Share

- Laser lettering systems are used mostly in the production of consumer goods and industrial products as well as in the automobile industry, machinery, and plant assembly. It is even used for tool manufacturing. As laser technology has advanced characteristics, laser markers have become more precise and useful for an increasing number of professional applications.
- The industrial laser marking facilitates the customers to not only deal with counterfeits but also track and trace the entire product lifecycle. Laser marking machines provide the most efficient and finest marking that empower the customers to deal with product quality, safety, any regulatory or retailer compliance and many other essential aspects of production and manufacturing. Industrial laser marking can be done on a variety of products ranging from plastic products to metallic parts.
- Lasers have become an important part of the aircraft manufacturing process aiding to construct, weld and enhance aircraft. The increased expenditure in the Aerospace and Defense sector points towards a greater focus on maintenance.

Major Highlights of Industrial Lasers Market report:

Coherent

Coherent creates "Center of Excellence for Fiber Lasers" in Tampere, Finland

ROFIN at LASER World of Photonics 2013

Hamburg, Munich/Germany, May 13, 2013: 'The Power of Partnership' - with this slogan ROFIN is presenting itself at 'LASER World of Photonics' in Munich.

Nufern

-Nufern Introduces High-Power Fiber laser modules Enabling Manufacturers to Bring Fiber Lasers to Market - Fiber laser modules with Nufern Double-Clad

-Nufern introduces NuQ pulsed fiber laser for industrial marking

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Automotive is Expected to Have a Significant Market Share

- Laser for automobile industry facilitates engineers with a powerful, precision tool of the light, which has already made penetration across other sectors. Other automobile-centered technologies like hybrid electric engines, telematics, and GPRS, the laser tool points the growth in the demand.
- The simplicity of automotive laser instruments and using them into the processing chain reduces the production costs and renders detailed output. The laser tool tightly fits into the automotive engineers toolbox for it has long dominated other technologies in engraving, welding, marking and drilling. It outshines its rivals with great accuracy, efficiency, and production line security.
- Precise and uniform marks act as essential features for the automotive industry due to a consistency that it provides in traceability for security reasons. Presently laser marking, Laser for automobile industry help engineers with a powerful setup for fetching intelligent alphanumeric, data matrix codes, and serial numbers on all manner of materials along with the automotive production chain.

Notable Point:

- March 2019 - Coherent Inc. has expanded its Gilching, Germany, micromachining and subsystem facility and completed the relocation of its laser marking group from nearby Gunding. Designated Coherent Munich, this location upgrades the organizations applications and R&D capabilities.
- February 2019 - Coherent Inc. launches ExactCutTM First in a new series of precision laser machines. ExactCut systems combine the latest generation of pulsed fiber laser sources (300 W / 3 kW pulse peak), a high stability granite motion module, and a sophisticated human interface.

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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