Industrial Laser System Market Size, Driving Factors, Growth Statistics, Competitive Landscape And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Industrial Laser System Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $38.15 billion In 2028 At A CAGR Of 10.5% :

The industrial laser system market size has grown rapidly in recent years. It will grow from $23.13 billion in 2023 to $25.58 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to material processing applications, increased manufacturing automation, medical and scientific applications, rise in 3D printing, and military and defense applications.

The industrial laser system market size is expected to see rapid growth in the next few years. It will grow to $38.15 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to increased adoption in electronics manufacturing, growing demand for laser cutting in automotive, expansion of the aerospace industry, rise in medical device manufacturing, and advancements in high-power laser systems. Major trends in the forecast period include integration with Industry 4.0, advancements in fiber laser technology, emergence of laser technology, rise in fiber laser technology, and laser cleaning applications.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=7089&type=smp

Industrial Laser System Market Major Segments
The industrial laser system market covered in this report is segmented -

1) By Type of Laser: Fiber, Solid-State, CO2, Other Types
2) By Type: Macro Processing, Micro Processing
3) By Power: Less Than 1 kW, More Than 1.1 kW
4) By Application: Cutting, Welding, Marking, Drilling, Other Applications
5) By End Use Industry: Semiconductor And Electronics, Automotive, Aerospace And Defense, Medical, Other End-Use Industries

Key Driver - Rising Automation Trends Boost Growth In Industrial Laser System Market

An increase in the trend of automation in industries is expected to contribute to the growth of the industrial laser system market going forward. Automation refers to the use of various technology applications to minimize human input in processes. Automation has increased the necessity for high-precision industrial laser systems for various applications. Automated laser systems combine vision and motion technologies to execute accurate and high-quality work. The rising trend of automation in industries for improved productivity, high efficiency, and accuracy is resulting in the adoption of industrial laser systems. For instance, according to the Association for Advancing Automation, in Q2 2021, robot orders increased by 67% from the same period in 2020, showing increased demand for automation. Therefore, an increase in the trend of automation in industries will drive the growth of the industrial laser system market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=7089&type=smp

Prominent Trend - Technological Advancements Propel Industrial Laser System Market

Technological advancements have emerged as a key trend gaining popularity in the industrial laser system market. Major companies operating in the industrial laser systems sector are focused on developing new technological solutions to strengthen their position. For instance, in July 2021, Furukawa Electric, a Japan-based electric and electronics equipment company, launched an industrial laser based on fiber technology. The laser has high beam quality and possesses high reliability, time stability, and high effect.

Industrial Laser System Market Players
Major companies operating in the industrial laser system market report are Corning Inc., Fanuc Corporation, The TRUMPF Group, Newport Corporation, COHERENT Inc. , Amonics Ltd., Amada Co. Ltd., DMG Mori Co. Ltd., Han's Laser Technology Co. Ltd., IPG Photonics Corporation, NKT Photonics A/S, Bystronic Laser AG, Jenoptik AG, Mazak Corporation, Prima Industrie SpA, Trodat Trotec Holding GmbH, nLIGHT Inc, Toptica Photonics AG, Universal Laser Systems , Epilog Laser Corporation, CY Laser SRL, ACSYS Lasertechnik Inc., Calmar Laser, Apollo Instruments Inc., Quantel Group, ROFIN-LASER GmbH , ALPHA LASER GmbH, Penta Laser Technology Co. Ltd., GSI Group

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/industrial-laser-system-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the industrial laser system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial laser system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Laser System Market Report Structure
3. Industrial Laser System Market Trends And Strategies
4. Industrial Laser System Market - Macro Economic Scenario
5. Industrial Laser System Market Size And Growth
…..
27. Industrial Laser System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.