Press release
Industrial Lasers Market Evolving Technology and Growth Outlook 2022 to 2028
This report provides an in-depth view of the Industrial Lasers Market detailing the market size and then progresses to the evaluation of each crucial attribute of the market in detail. The market report gives a detailed study on the present market position of the Industrial Lasers industry, expected future growth, technological advancements, investment opportunities of the market. This report does a comprehensive analysis of the market providing insights based on SWOT analysis of the industry. The report on Industrial Lasers market gives access to significant data including, growth drivers of the market, factors restraining market growth, latest market trends and historical Analysis (2022 - 2028).The global Industrial Lasers market size is USD million in 2022 from USD 834.6 million in 2021, with a change of % between 2021 and 2022. The global Industrial Lasers market size will reach USD 1109.3 million in 2028, growing at a CAGR of 4.1% over the analysis period.
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Top Major Competitive Players: Coherent, IPG, Rofin, Prima, GSI, Nufern, NKT Photonics, IMRA, Bystronic
- March 2019: Coherent Inc. 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 organization's applications and research and development capabilities.
Segmentation by Type:
CO2 Laser
Solid State Laser
Fiber Laser
Other
Segmentation by Application:
Metal Processing
Marking & Engraving
Semiconductor & Micro-Processing
Other
The key regions covered in the Industrial Lasers market report is:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America is Expected to Have a Significant Market Share
- The increased expenditure by the government in the US army has contributed to significant enhancements in laser technology. Traditional lasers deliver bursts of intense energy from a distance for welding, cutting, or military applications. The new petawatt-class devices, used in military processes, deliver 1 million billion watts of energy in an almost unimaginably rapid pulse lasting just one-trillionth of a second.
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KEY aspects covered in the report include:
- The market size and industry growth rate of the global and regional market across various segments
- The region or the sub-segment that is expected to drive the Industrial Lasers market in the forecast period 2022-2028
- Key companies operating in the global Industrial Lasers market and their market share
- The Factors that are estimated to drive the Industrial Lasers Market growth
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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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