Industrial Laser System Market 2022 Analysis and Advancements till 2027

The Industrial Laser System Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Industrial Laser System market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Industrial Laser System market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Industrial Laser System market.

The Industrial Laser System market is expected to register a CAGR of 7.26% over the forecast period from 2021 - 2026.

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Top Leading Companies of Industrial Laser System Market are - JENOPTIK AG, Newport Corporation, TRUMPF GmbH + Co KG, Coherent, Inc., IPG Photonics Corporation, ACSYS Lasertechnik US Inc., nLIGHT, Inc., Han's Laser Technology Co., Ltd., II-VI Incorporated and others.

Industry News and Updates:

- July 2020 - Newport Corporation announced that it had completed its acquisition of Spectra-Physics from Thermo Electron Corp., for USD 300 million. The Spectra-Physics brand comprises breakthrough laser technologies that are engaged in helping customers utilize these laser technologies to advance leading-edge science and propel industries forward.

- July 2020 - TRUMPF has announced that it will be combining TRUMPF Laser- und Systemtechnik GmbH and SPI Lasers UK Ltd. under the TRUMPF banner. SPI Lasers products will be made available through the TRUMPF sales channels. SPI Lasers, a specialist in fiber laser design and manufacturing, is a wholly-owned subsidiary of the TRUMPF Group.

Key Market Trends:

Automotive is Expected to Hold Significant Share

- Innovative laser applications have been playing a significant part in the automotive industry for many years. Laser technology has many advantages over traditional material processing methods for welding, cutting parts, and identification processes. Laser systems in the automotive industry have applications that are varied from the welding of spark plugs and batteries to cutting parts or labeling many automotive parts, including back-lit laser marking technology. With a wide range of laser system configurations available, companies offer multiple industrial laser systems specifically to the automotive industry. The laser systems could significantly reduce cycle times, produce precision parts, and increase productivity while lowering the cost per unit.
- Modern automotive manufacturing uses a wide range of materials, including metals, textiles, plastics, glass, and rubber. Luxury and high-end vehicles generally are equipped with carbon fiber combined with traditional materials such as leather and wood. Processing such a broad range of materials requires a versatile tool, and this is where the carbon dioxide (CO2) laser comes in.

North America is Expected to Hold Significant Share

- The North America region is expected to dominate the market due to the technological advancements across various industries, such as manufacturing, aerospace and defense, automotive, etc. Similarly, on the vendor front, the region houses critical players such as IPG Photonics and Coherent Inc, to name a few. Multiple launches, additionally, are signifying the rising demand for laser systems across end-users in the region. For instance, as of June 2020, Coherent Inc. added EasyMark XL to its Laser Marking Systems Product Line, which caters to applications spanning from marking codes on stainless steel medical devices, to the deep engraving of casting molds.
- Several companies, especially across the small and medium enterprises and the startup format, have been raising a significant amount of funds to develop innovative solutions in Laser technology. For instance, UAVenture Capital Fund, which is based in Tuscan and dedicated to the commercialization of the University of Arizona discoveries, products, techniques, and services, invested in DeUVe Photonics, Inc in October 2019. The funding will help the company to improvise its technology and will enable the company to become a significant player in existing and developing deep UV laser markets.

Investigator Observers Strong Growth in Specific Regions:

- Europe Market (Germany, UK, France, Russia, Italy)

- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

- South America Market (Brazil, Argentina, Colombia)

- North America Market (United States, Canada, Mexico)

- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Industrial Laser System Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Industrial Laser System Market (%),2016 - 2026
- Industrial Laser System Market Share, By Brand
- Industrial Laser System Market Share, By Company
- Industrial Laser System Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Industrial Laser System Market Value Analysis & Forecast
- Promising Industrial Laser System Development by Major Companies
- Detailed Industrial Laser System Portfolio of the Major Companies
- Major Deals in the Industrial Laser System Market
- Major Companies Analysis

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