IMARC Group, a leading market research company, has recently releases report titled “Industrial Lasers Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global industrial lasers systems market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Industrial Lasers Systems
Industrial lasers are light sources that emit high-energy light at a specific wavelength. These lasers are mechanical tools that harness atoms, molecules, and stimulated emissions to produce a controlled beam of light, ensuring its purity, size, and shape. They possess characteristics such as monochromaticity, unidirectionality, and coherence. Fiber, diode, carbon dioxide, and solid-state lasers are among the commonly utilized types in industrial settings. These lasers comprise essential components like a controller, filter, rotary device, and galvanometer, in addition to a gain medium, energy source, and mirrors for proton amplification. Industrial lasers have diverse applications, including brazing, marking, cutting, welding, engraving, communication, material processing, and lithography.
How Big Is the Industrial Lasers Systems Market?
The global industrial lasers systems market size reached US$ 19.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
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What are the growth prospects and trends in the industrial lasers systems industry?
The market growth is being driven by several key factors, one of which is the rising adoption of lasers for engravings and custom markings in a several industries, such as automotive, defense, medical, aerospace, and packaging. This growth can also be attributed to the growing demand for automation and advanced processing in manufacturing applications. Furthermore, the market is experiencing a boost from the widespread acceptance of fiber lasers for marking and engraving on semiconductors and other electronics.
They are utilized for printing permanent alphanumeric details on various products, including brand names, batch numbers, manufacturer codes, bar codes, logos, and dates. Additionally, the market is being fueled by continuous technological advancements, including the integration of laser systems in additive manufacturing. This integration enables the industrial lasers to be used for 3D printing, resulting in enhanced efficiency, customization, and reduced waste generation and errors. Another growth-inducing factor is the rapid industrialization taking place across different regions.
Moreover, the increasing utilization of direct-diode lasers for cutting plastics, ceramics, fiber-reinforced materials, and organic materials is also expected to contribute to the market's growth. Overall, these factors collectively indicate a positive trajectory for the market's expansion.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Fiber
- Solid State
- CO2
- Others
Breakup by Application:
- Cutting
- Welding
- Marking
- Drilling
- Others
Breakup by End Use Industry:
- Semiconductor and Electronics
- Automotive
- Aerospace and Defense
- Medical
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ACSYS Lasertechnik US Inc.
- Amonics Ltd.
- Coherent Inc.
- Han's Laser Technology Industry Group Co. Ltd
- II-VI Incorporated
- IPG Photonics Corporation
- Jenoptik Laser GmbH
- Lumibird Group
- Newport Corporation (MKS Instruments Inc.)
- NKT Photonics A/S
- Toptica Photonics AG
- TRUMPF
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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