Industrial Lasers Systems Market 2019 Outlook, Opportunity and Demand Analysis Report by 2026

Allied Market Research published a new report, titled, "Industrial Lasers Systems Market". 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.

Industrial Lasers Systems Market by Type, Power, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global industrial lasers systems industry garnered $20.12 billion, and is anticipated to reach $36.51 billion by 2026, registering a CAGR of 7.5% from 2019 to 2026.

By type, the macro processing segment accrued the largest share in the industrial lasers systems market in 2018. Growth in demand for lasers in industrial applications such as additive manufacturing, marking, cutting, and welding fuels the demand for lasers for macro processing applications. In addition, expansion of the automotive and metal cutting industry throughout the globe, especially in emerging nations such as China and India drives the industrial lasers systems market growth.

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Moreover, industrial lasers systems are popular owing to their advantageous features such as an excellent beam quality, compact size, robustness, and low maintenance cost. Thus, such advantageous features are expected to fuel the demand for the industrial lasers systems market in the coming years.

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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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.

The major players operating in the global industrial lasers systems market have adopted key strategies such as product development and business expansion, to strengthen their market outreach and sustain the stiff competition in the market. For instance, the launch of the Integrated Photonic Systems Roadmap by the American Institute for Manufacturing Integrated Photonics in March 2017, foresees IoT applications to have a predominantly huge influence in this market. In addition, in 2017, Industry 4.0 opportunities continue to emerge; for instance, TRUMPF, a laser machine tool maker opened a new smart factory in Chicago (a city encompassing around 40% of the country's entire sheet metalworking industry) emphasizing on digitally connected manufacturing solutions for the sheet metal process chain.

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 helps 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.

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