Press release
Industrial Lasers Systems Market 2023-2028: Size, Top Key Players, Report, Trends
Industrial Lasers Systems Market 2023-2028
The global industrial lasers systems market size reached US$ 19.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
What is Industrial Lasers Systems?
Industrial laser systems are sophisticated devices that produce high-intensity laser beams. They are composed of coherent light, meaning the electromagnetic waves are in phase, resulting in a concentrated and powerful energy source. They are available as gas lasers, solid-state lasers, semiconductor lasers, fiber lasers, and excimer lasers, which are used in ultraviolet (UV) lithography for semiconductor manufacturing and in medical and scientific applications. They are revolutionizing manufacturing processes by offering unmatched precision, speed, and versatility. They are more energy-efficient and eco-friendly as compared to traditional methods, reducing environmental impact.
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What are the growth prospects and trends in the industrial lasers systems industry?
At present, the increasing demand for industrial laser systems as their precision and high energy density make them ideal for shaping metals, plastics, ceramics, and composites, represents one of the crucial factors impelling the growth of the market.
Besides this, the rising employment of industrial laser systems in the healthcare sector for conducting eye surgeries, dental treatments, and skin therapies is contributing to the growth of the market. In addition, the growing adoption of laser systems in various applications is offering a favorable market outlook.
Apart from this, the increasing integration of automation and smart manufacturing practices into production lines for tasks, such as cutting, welding, marking, and quality control, is bolstering the growth of the market.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
• Fiber
• Solid State
• CO2
• Others
Breakup by Application:
• Cutting
• Welding
• Marking
• Drilling
• Others
Breakup by End Use Industry:
• Semiconductor and Electronics
• Automotive
• Aerospace and Defense
• Medical
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Some of the Top Key players in the Dairy Ingredients Market
ACSYS Lasertechnik US Inc.
Amonics Ltd.
Coherent Inc.
Han's Laser Technology Industry Group Co. Ltd
II-VI Incorporated
IPG Photonics Corporation
Jenoptik Laser GmbH
Lumibird Group
Newport Corporation (MKS Instruments Inc.)
NKT Photonics A/S
Toptica Photonics AG
TRUMPF
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
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About us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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