Published: May, 2018

The global industrial laser market features the presence of several large companies that renders a competitive vendor landscape, states Transparency Market Research (TMR) in a new report. Top companies are vying to enter into partnerships with smaller ones to expand their product offerings and tap into growth opportunities in local markets.

Some key companies operating in the global industrial laser market are TRUMPF, Coherent, Hypertharm Inc., Apollo Instruments, Amonics Ltd., IPG Photonics, Clark MXR, Calmar Laser Inc., 3 SP Technologies S.A.S., and Han’s Laser Technology

As per the TMR report, the global industrial laser market is predicted to expand at a moderate 4.6% CAGR between 2017 and 2026. In terms of product type, the key segments into which the industrial laser market is classified are CO2 lasers, solid state lasers, fiber lasers, and others. Out of these, the fiber laser product segment is the most attractive one worth US$900 mn. However, the others product type segment is anticipated to witness faster growth rate over the forecast period through 2026. By end-use, the industrial laser market is segmented into medical defense, construction, electronics, aeronautics & marine, automotive, utility and other verticals. In terms of application, the industrial laser market is classified into micromaterials, marking, and macromaterials.

Global Industrial Laser Market

Widespread Use across Industries Boosts Growth

Owing to a number of micro-economic and macro-economic factors, the global industrial laser market is set to tread a growth path, says the author of the study. Surging demand for processing manufacturing materials across industries continues to be a key growth driver of the industrial laser market. Heat treatment, cutting, welding, drilling, and marking are some industrial processes that require industrial laser. Industrial lasers continued to be used substantially for welding manufacturing materials and for heat treatment of surfaces for the purpose of transformational hardening mainly in automotive and electronic industry.

Due to benefits of precise cutting and low contamination levels, laser cutting technology finds widespread applications. Laser cutting enables manufacture of tools that enable precise cutting of steel and aluminum sheets for various end-use. Attributes of low contamination levels of laser cutting technology also contributes to the growth of industrial laser market.

Furthermore, integrating industrial lasers with advanced technological features such as GPS technology and sensors is likely to boost their sale for application in various industries. Industrial lasers offer features for data collection in various end-use industries such as mining, telecommunications, forestry, construction, and natural resource management.

Newer Use of Industrial Laser for Educational Pursuits Benefits Market

In recent years, the use of industrial lasers in educational institutions have come to the fore. They are used for cutting tubes, sheets and plates, and box sections for various academic activities. In the medical sector, rising demand for dermatology and cosmetology are boosting sale of industrial lasers. LIDAR sensors comprising a sensor, laser, and a specialized GPS receiver finds application in several industries such as manufacturing and automotive. This is also driving the demand for industrial lasers.

Despite an array of factors fostering the industrial laser market, factors such as high cost of installation, health and environment issues, and limited number of suppliers are bottlenecks to the market’s growth.

The review presented is based on the findings of a TMR report, titled “Industrial Laser Market (Product Type - CO2 Lasers, Fiber Lasers, Solid State Lasers, Others; End-Use Verticals - Medical, Defence, Aeronautics & Marine, Construction, Automotive, Electronics, Food & Textile, Utility, Other Verticals; Application - Marking, Micromaterials, Macromaterials; Power Type-High(more than 1KW), Medium(100W to 1KW), Low(1W to 100W)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026.”

The global industrial laser market is segmented as follows;

Global Industrial Laser Market, by Product type

  • CO2 lasers
  • Fiber lasers
  • Solid state lasers
  • Others

Global Industrial Laser Market, by End-use

  • Medical Defense
  • Aeronautics & Marine
  • Construction
  • Automotive
  • Electronics
  • Food & Textile
  • Utility
  • Others

Global Industrial Laser Market, by Application

  • Marking
  • Micromaterials
  • Macromaterials

Global Industrial Laser Market, by Power

  • High (more than 1Kw)
  • Medium (100W to 1 KW)
  • Low (1W to 100W)

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.”

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States

Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

.