Press release
Laser Processing Market To Witness Enhanced Usage in Automotive, Electronics, Aerospace And Medical Industries Till 2025 | Million Insights
Million Insights - World's Fastest Growing Market Research Database
In the year 2015 the global laser processing market was sized at $10.36 billion and is estimated to grow at a significant rate due to the increase in material processing applications. Precise and accurate operations of industrial processes are achieved by implementing the laser technology in manufacturing.
The regulations and the norms set by the governments are expected to positively affect the growth of laser processing market in next few years. Due to their increased usage in various applications ranging from marking, cutting to welding, drilling, engraving the technology all set to witness tremendous growth in during the forecast period.
The strict directives set by the governments on the usage of laser technology in marking and its increased use in the growing field of medical surgeries and devices is expected to drive the laser processing market in the near future.
Full Research Report On Laser Processing Market Global Analysis available at: https://www.millioninsights.com/industry-reports/laser-processing-market?utm_source=pressrelease&utm_medium=referral&utm_campaign=openpr_shree_sep14&utm_content=Content
Product Insights
The products related to laser technology consist of fiber, gas and solid-state lasers. Gas segment consists of nitrogen, copper, carbon monoxide, carbon dioxide, helium-neon and argon-ion lasers.
Solid state lasers are further divided into YAG or Nd lasers, Q-switched Nd lasers, small-diode pumped Nd, YVO4 lasers and large sized lasers in end or side pumped configuration. Manufacturers are benefitted by the use of fiber lasers with their use in the manufacturing technology which acts as a driver fir the market.
Varied field applications in the fields such as aerospace, machine tools, automotive, medical and packaging is estimated to fuel the global laser processing market over the forecast period.
Process Insights
Laser processing segment consists of marking and engraving, material processing and micro-processing. This section comprises of all the major factors of laser and material processing involving implementation of laser beam welding, hybrid processes, micro drilling, surface modifications, ablation of bulk material and coatings, cutting & machining direct manufacturing and so on.
Crude oil extraction that involves mainly mining and drilling activities is largely benefitted by laser technology. Aerotech offers development in main areas such as mechanics, laser controls and controls. They also aid the system integrators, OEMs, end users using processes such as cutting systems, marking, welding, etching and marking systems.
Furthermore, the engagement of laser technology with water-jet cutting technology in smooth surface with narrow cuts, increases the overall efficiency subsequently fuelling the market growth over next few years.
Application Insights
Application segment mainly includes OEMs, Automotive, electronics and microelectronics, aerospace, medical and packaging. Rise in the rate of adoption of laser in various industrial applications such as cutting, welding, drilling engraving and various material processing activities is expected to drive the market to new growth heights in the next few years particularly due to extensive use of this technology as machine tools.
The ever increasing demand in the fields of microelectronics and medical sector is expected to drive laser processing growth. Key role is played by the process of welding the medical applications primarily such as implantable devices, pacemakers, surgical tools which involve non-porous and ultra-fine sterile surfaces which are implemented in cardio logical processes.
Emerging applications in the fields of oil and gas and automotive sector will fuel the growth of laser technology along with the increase in the usage of machine tools over the next few years. Moreover, high speeds offered by laser cutting, improves the quality of cutting edges and provides the material in automotive segment with low-heat operation.
Request for Free Sample Copy : https://www.millioninsights.com/industry-reports/laser-processing-market/request-sample
Regional Insights
Largest market share was accounted by the Asia-Pacific region in the year 2015 consuming over 30% of overall revenue. It is expected to witness substantial growth due to the rising number of OEMs in this region. Moreover, key consumer of industrial laser and subsystems is expected to be China which is raising its applications in material processing and micro processing.
Regulations set by governments that lay permanent and clear paths for the use of laser processing are also expected to drive the growth of laser processing technology across several regions. Additionally, the growing automotive sector in the European region with rising adoption of laser processing are expected to boost the demand of this technology over the forecast period.
Competitive Insights
Few major global players present intense competition which essentially is the characteristic of the market. These key players hold a majority of the market share. New product developments and research procedures are undertaken by firms so that newer business opportunities are available in front of them.
Universal Laser Systems is the firm that provides products to the military branches and security agencies for custom parts fabrication, asset management and other security and production uses. Naval bases, Air bases and military bases all over the world use this technology. Major players in the market are LaserStar Technologies, Amanda Co. Ltd., IPG Photonics Corporation and Newport Corporation.
Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/technology
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Contact Details:
Office No. 302, 3rd Floor, Manikchand Galleria,
Model Colony, Shivaji Nagar, Pune, MH, 411016 India
Phone: 91-20-65300184
Email: sales@millioninsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Laser Processing Market To Witness Enhanced Usage in Automotive, Electronics, Aerospace And Medical Industries Till 2025 | Million Insights here
News-ID: 716416 • Views: …
More Releases from Million Insights
Smart Education and Learning Market 2025 Top Player Profiles - Adobe Systems Inc …
16th October, 2018 - Smart Education and Learning Market is estimated to witness considerable growth over the forecast period owing to increasing number of students opting for distant learning and digital education courses. The market is extensively catering to the requirement of international and government standardization bodies for development and training of workforce in various sectors. The execution of student information systems helps institutions in incorporating student information and enabling…
Luxury Sunglasses Market 2022: Key Trends, Driving factors and Growth Rate Analy …
Global Luxury Sunglasses Market is estimated to display a robust growth in the near future due to rising applications and scope across the globe. Luxury Sunglass is a product that performs the main function of preventing the harmful rays of the sun from entering the eyes. It is said to be available in a wide range of varieties as well as for numerous events. In addition, it is regarded as…
Thermo Cell Market Future Investments, Business Opportunities, New Trends and to …
Thermo Cell Market is expected to display high growth in forthcoming years. The Thermo Cell Industry is one of its kind generating clean energy from waste heat. A thermo cell comprises an enclosure needing two electrodes coming in contact with an electrolyte. Benefits of a thermocell are that there is no charging required for the device and energy conversion is constant as long as one of the electrodes is kept…
Graphite Market Size, Share, Driving Factors, Challenges, Sales and Revenue Fore …
The global graphite market is estimated to grow at a CAGR over the forecast period. Increasing demand of graphite in batteries such as lithium ion and aluminum ion batteries is expected to drive the graphite market growth. Graphite is a form of carbon and is considered to be a key material in green technology and hence is expected to be widely used in photovoltaics, energy storage and electronic products.
View Full…
More Releases for Fastest
Airfreight Forwarding World Analysis | Fastest Growing Industry
Freight forwarding is a process of organizing shipments for corporations or individuals to transfer good from one point to another i.e. final point of distribution. Variety of shipping modes can be used by a carrier to transfer these goods such as airplanes, railroads, truck, ships and others. When the process involves use of airplanes to transfer these shipments, it is known as air freight forwarding.
To Get PDF Sample Copy click…
Process Spectroscopy Market - Fastest growing regional market
Growing demand for quality check and accuracy in product manufacturing has led to the increasing demand for process spectroscopy. Further, factors such as increasing usage of process spectroscopy in pharmaceutical, chemical and food and agriculture industries, and convergence of spectroscopy technologies into single instrument are expected to foster innovations in the process spectroscopy market.
Growing consumer preference for better quality products and change in regulations across different industries including oil and…
HARRTS Worlds fastest hair tansplant system
It is the World's only Robotic Hair Transplant System with Artificial Intelligence and Speech Interface. You can literally talk with the Robotic machine. Coming from i-brain Robotics, this Machine continues the legacy of the company's work in Artificial Intelligence and Performance.
This system would couple both the scoring of the grafts and the extraction into 1 single step thus reducing the time of harvesting to less than half. With provision…
FETC Recognized Among Industry’s Fastest-Growing Events
Irvine, CA – 1105 Media Education Group is proud to announce that FETC, its national educational technology conference for schools and districts, has been named among EXPO Magazine’s “Top 25 Fast-Growth Shows of 2011”—the only event serving the education field to be recognized on the list.
EXPO Magazine used a survey focused on shows’ performance metrics to compile their second annual list. Among the statistics considered by the publication included growth…
Still the Fastest Growing CV Database
CV-Library’s hugely successful multi-channel marketing campaign has brought record breaking stats to the online job board, validated by their recent ABCe audit.
During January 2012 ABCe examined web and mobile activity on CV-Library and confirmed that there were 139,540 new CV registrations and 1,892,437 unique users. An impressive 12% rise in monthly CV registrations since their last audit (Oct 2010) highlights how fast CV-Library is growing.
Lee Biggins, Managing Director: “Although…
Questrade ranked fastest-growing online brokerage
Independent research firm Investor Economics places Questrade in top spot as Canada’s fastest-growing online brokerage for Q1 and Q2, 2008
Toronto, ON (October 16th, 2008) – Once again, Questrade Inc. has been rated as Canada’s fastest growing online brokerage, according to Investor Economics’ Retail Brokerage Report. The report, which was published in September and covers the second quarter of 2008, examines all aspects of the Canadian online discount brokerage industry.
Edward Kholodenko,…
