Industrial Lasers Systems Market Strategic Insights and key Business Influencing Factors 2019- 2026 | Amonics Ltd., Coherent Inc., CY Laser SRL, Quantel Group, TRUMPF

Global Industrial Lasers Systems Market size was valued at $20.1 billion in 2018, and is projected to reach $36.5 billion by 2026, registering a CAGR of 7.5% from 2019 to 2026. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The report offers key drivers that propel the growth in the global industrial lasers systems market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

Driving factors for the market

Eco-friendly technology, high beam quality and a lower cost of ownership, and acceptance of automobile and mobile electronics applications have boosted the growth of the global industrial lasers systems market. However, laser hazards and lower cutting speed while processing thicker materials hamper the market. On the contrary, technological advancement with respect to fiber lasers is expected to create lucrative opportunities in the near future.

Macro processing segment held the largest share

The macro processing segment held the largest share in 2018, contributing to more than three-fourths of the global industrial lasers systems market. This is due to the rise in its popularity as a labeling medium. However, the micro processing segment is expected to portray the largest CAGR of 8.1% during the forecast period. This is attributed to the increase in miniaturization in the electronics and hardware sector, and ongoing R&D activities regarding the use of fiber lasers as a milling tool in the aerospace industry.

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On the basis of power, the more than 1.1 kW segment garnered a significant market share in 2018, owing to increase in need of lasers of high-power capacity in industries such as aerospace & defense. By application, the others segment accounted for a large share in terms of revenue in 2018. Furthermore, in terms of region, Asia-Pacific and Europe collectively contributed around 79.3% of the shares in the global market in 2018.

The global industrial lasers systems market across Asia Pacific held the largest share in 2018, contributing to nearly three-fifths of the market.
The increase in demand for fiber lasers in the electronics and automotive industry in this region drives the growth of industrial laser systems market However, the market across LAMEA is projected to manifest the fastest CAGR of 8.8% during the forecast period, owing to the advantages associated with industrial lasers system such as less operating cost, enhanced productivity, flexible operational activities, and production of good quality products. On the other hand, North America is estimated to register CAGR of 7.2% from 2019 to 2026.

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Key Offerings of the Report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

The key players profiled in the market report includes Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF, and Toptica Photonics AG.

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