Press release
Global Industrial Lasers Market to Surpass USD 24.8 Billion by 2031, Driven by EV Boom and Smart Manufacturing
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Key Market Highlights:
2023 Market Size: USD 14.5 Billion
2031 Projection: USD 24.8 Billion
Top Segments: Fiber Lasers (XX%), Automotive (XX%), Asia-Pacific (35%)
Industry Trends Shaping the Future:
1. EV Revolution Fuels Laser Demand
o Tesla, BYD, and Rivian are using fiber lasers for battery welding and lightweight component fabrication.
2. Ultrafast Lasers Gain Traction
o Picosecond lasers are revolutionizing microprocessing in semiconductors and medical devices.
3. Sustainability Takes Center Stage
o Trumpf's green lasers are reducing energy consumption by 15% in metal cutting.
Regional Growth Insights:
• Asia-Pacific (35% share): China excels in electronics and automotive laser applications.
• North America (XX%): U.S. dominates EV and aerospace laser adoption.
• Europe (XX%): Germany is the R&D hub for laser innovations.
Executive Quote:
"The future of manufacturing lies in precision, speed, and sustainability-industrial lasers are at the heart of this transformation."
- Dr. Andreas Weller, CEO, Trumpf Group
Future Projections:
• 2025: Fiber lasers to dominate 50% of the market.
• 2027: AI-driven laser systems to become industry standard.
• 2030: Zero-waste laser manufacturing to gain momentum.
For more insights, visit https://clearviewmarketinsights.com/
Media contact:
Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369
About ClearView Market Insights Analytics
ClearView Market Insights Analytics is a global leader in industrial technology research, offering actionable insights across more than 100 laser market segments.
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