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Global Laser Processing Systems Market to 2022 Analysis,Segment,Trends and Forecasts:Credence Research

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According to a new market research report published by Credence Research “Laser Processing Systems (Gas Lasers, Solid-state Lasers, Fiber Lasers and Other (Semiconductor, Excimers, Dye etc.) Lasers) Market - Growth, Share, Opportunities, Competitive
Laser Processing Systems Market to Reach US$ 18.69 Bn by 2022
According to a new market research report published by Credence Research “Laser Processing
Systems (Gas Lasers, Solid-state Lasers, Fiber Lasers and Other (Semiconductor, Excimers, Dye
etc.) Lasers) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 2022” the global laser processing systems market was valued at US$ 9,766.3 Mn in 2014 and is
estimated to expand with a CAGR of 8.2% from 2015 to 2022.
Browse the full report at http://www.credenceresearch.com/report/laser-processingsystems-market
Market Insights
Laser technology is used for various industrial applications including cutting, welding, marking &
engraving and drilling. It is suitable for processing wide range of materials such as metals, nonmetals, glass, polymers, rubber and others. Due to high usability across different processes and
materials, manufacturers are increasingly shifting towards laser technology in order to enhance
their manufacturing operations. Laser systems offer high speed industrial processes along with
accuracy as compared to the traditional industrial processing techniques. In addition, since
laser is a non-contact technology, using these systems enables carrying clean and damage free
processes.
The market for laser processing systems is majorly backed by the rising industrialization
worldwide. Sectors such as automotive and electronics have undergone paradigm shift over the
period of time. As a result, there is a strong need for efficient industrial processing tools for
applications such as cutting, welding and drilling. Since laser systems offer superior operation
over traditional systems such as waterjet cutting, plasma and others, these systems have
gained substantial traction in the past few decades. Further, due to government regulations on
applications such as marking and engraving the demand for laser processing systems is
expected to undergo strong demand in the coming years. Nevertheless, the market is
significantly hampered due to the high initial costs of these systems.
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Competitive Insights:
The global laser processing systems market is fragmented in nature with large number of
players operating in the market. The global laser processing system vendors face strong
competition from global as well as regional players. Majority of the laser processing system
vendors are located in Europe and China where there is strong industrialization. As a result,
companies generate majority of their revenues from Asia Pacific and Europe. Major global
companies operating in the market include ROFIN-SINAR Technologies, Inc., TRUMPF Group,
Hans Technology Co., Ltd., Amada Co., Ltd. IPG Photonics and others.
Key Trends:
Focus on enhancing the gas laser systems (especially CO2 lasers) portfolio
Geographical expansion through organic as well as inorganic growth
Emphasis on development of fiber laser systems
Laser systems suitable for wide range of applications
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits. We offer our
customers some assistance with making enduring enhancements to their execution and
understand their most imperative objectives. Over almost a century, we’ve manufactured a
firm extraordinarily prepared to this task.
Blog: http://www.mobilecomputingtoday.co.uk/3114/laser-processing-systems-marketreach-18-69-2022-credence-research/
Media Contact
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US
E-mail: [email protected]
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Web: http://www.credenceresearch.com
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