Press release
Laser Processing - Growth Strategy Analysis
The laser processing market size is expected to reach US$ 6.46 billion by 2031 from US$ 11.26 billion in 2024. The market is anticipated to register a CAGR of 8.4% during 2025-2031. Growing research and development activities to advance laser processing is likely to bring new trends to the market in the coming years.The expansion of the automotive, aerospace, and medical sectors, the rising adoption of laser technology in manufacturing, and the growing focus of industries on sustainable operations are among the main factors driving the demand for laser processing worldwide. The growing need for high-performance solutions and the rising investments in adopting laser technology are fueling the laser processing market growth. Technological advancements and the integration of advanced technologies such as AI and ML in laser processing are expected to create lucrative opportunities in the market during the forecast period. Further, the soaring research and development activities to advance laser processing, growing awareness related to the benefits of using sustainable solutions, and the evolution of ultrafast pulsed laser technology are expected to generate future growth opportunities in the market.
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Market leaders and key company profiles
LaserStar Technologies Corporation
Jenoptik AG
Fives SAS
Coherent, Inc.
Han's Laser Technology Industry Group Co. Ltd
IPG Photonics Corporation
TRUMPF SE + Co KG
TE Connectivity Ltd
Mitsubishi Electric Corp
Lumentum Holdings Inc
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Contact Person: Ankit Mathur
Sr. Vice President - Research
Phone: +1-646-491-9876
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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