Laser Processing

Transparency Market Research
Laser Processing Market to Expand at
10.20% CAGR Driven by Growing Medical
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REPORT DESCRIPTION
Laser Processing Market report states that expanding at a strong CAGR of 10.20% from 2014 to 2020, the global
laser processing market is anticipated to rise from a value of US$8.7 bn in 2013 to US$17.2 bn in 2020.
Full Report Description of Laser Processing Market is available at:
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The global laser processing market is driven by growing advantages of laser technology over conventional material
processing technologies, rising use of laser drilling in oil and gas exploration, government regulations mandating the
use of laser technology in marking and engraving products, and increasing applications of laser products in medical
devices and surgeries. While emerging applications of laser technology and growing use of disk lasers in industrial
applications hold immense scope for growth, the laser processing market is likely to be challenged by high initial
costs of laser processing machines and rising environmental concerns with respect to mining of rare earth elements.
Other trends that have been influencing the workings of the laser processing market include growing adoption of
laser technology in additive manufacturing, rising use of ultra-short lasers for industrial processes, and laser melting
in 3D printing to be used for various applications such as medical, jewelry, and aerospace.The research report
studies the overall laser processing market by segmenting it on the basis of four key parameters: product type, end
use, process, and geography.
By product type, the laser processing market is divided into solid-state lasers, gas lasers, fiber lasers, and others
such as dye, excimer, and semiconductor lasers. By process, the laser processing market is segmented into marking
and engraving, material processing, and micro-processing. By end-use industry, the laser processing market is
categorized into aerospace, automotive, electronics and microelectronics, original equipment manufacturers (OEMs),
medical devices and treatment, and packaging.
The laser processing market is geographically divided into North America, Asia Pacific, Europe, and Rest of the
World. Asia Pacific dominates the global market and held a share of 42.60% in 2013. This region is primarily driven
by increased demand for laser technology from original equipment manufacturers in material processing. Asia Pacific
is also projected to be most rapidly developing segment of the laser processing market owing to increasing number
of manufacturing plants in countries such as China, Japan, and South Korea.
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The major players competing in the global laser processing market include Prima Industrie S.p.A., Trumpf GmbH +
Co. KG, Bystronic Laser AG, Newport Corp., LaserStar Technologies Corp., Epilog Laser Inc., Eurolaser GmbH, Han’s
Laser Technology Co. Ltd., Coherent Inc., Rofin-Sinar Technologies Inc., Amada Co. Ltd., IPG Photonics Corp.,
Universal Laser Systems Inc., and Jenoptik Laser GmbH. These players are profiled in the report based on attributes
such as company and financial overview, recent developments, business strategies, and product portfolio.
Laser Processing Market, by Product Type
> Gas Lasers
> Solid-state Lasers
> Fiber Lasers
> Other (Semiconductor, Excimer, Dye) Lasers
Laser Processing Market, by Process
> Material Processing
> Marking and Engraving
> Micro-processing
Laser Processing Market, by End-use Industry
> Automotive Industry
> Aerospace Industry
> Original Equipment Manufacturers (OEM) Industry
> Electronics and Microelectronics Industry
> Medical Devices and Treatment Industry
> Packaging
Laser Processing Market, by Geography
> North America
> Europe
> Asia -Pacific
> Rest of the World (RoW)
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Laser technology is used for processing wide range of materials including metals, non-metals, polymers, glass, rubber and others. This encourages manufacturers to adopt laser technology in their manufacturing operations. Rising demand for efficient material processing techniques in manufacturing industries is another driving factor for laser processing market.