Industrial Lasers Systems Market 2023-2028: Size, Top Key Players, Report, Trends

How Big is the Industrial Lasers Systems Market?

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

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This release was published on openPR.