HOME Top Market Reports Laser Processing Market by Application (Cutting, Drilling, Marking), Laser type (Gas, Solid, Fiber Laser), Machine Configuration (Moving, Fixed beam), Vertical (Machine Tooling, Automotive), Geography - Global Forecast to 2020

Laser Processing Market by Application (Cutting, Drilling, Marking), Laser type (Gas, Solid, Fiber Laser), Machine Configuration (Moving, Fixed beam), Vertical (Machine Tooling, Automotive), Geography - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: SE 2965

 

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Since its advent in 1957, laser (light amplification by simulated emission of radiation) technology was primarily used for applications such as; ranging, targeting, spectroscopy, and microscopy. The purpose of these applications was either the exploration/measurement of distances or for scientific/laboratory experiments. None of the above mentioned applications prompted the use of laser technology for commercial purposes. However, due to technological advancements, lasers became more compact, robust, and versatile. Such developments triggered the industrial and commercial applications such as; micro-machining, modeling, precise sculpting, shaping and sizing objects and materials, and contactless imprinting.

The global market of laser processing is expected to grow to $17.36 billion by 2020 from its 2013 market size of $ 11.24 billion, at an estimated CAGR of 6.18% between 2014 and 2020. The report entails the market analysis and forecasts related to the laser processing market. This report deals with the driving factors, restraints, and opportunities for the global laser processing market, which are helpful in identifying industry trends and key success factors in this industry. Moreover, it also profiles the major companies that are active in the field of laser processing along with their product offerings, strategy, financial details, developments, and competitive landscape. Some of the key players are Coherent, Inc. (U.S.), Epilog Laser (U.S.), Rofin-Sinar technologies (U.S.), Newport Corporation (U.S.), Laserstar technologies corporation (U.S.), and IPG Photonics Corporation (U.S.). The analysis of the global laser processing market is done with a special focus on the high growth applications in each vertical and the fast growing application market segment, along with, highlighting the winning imperatives and burning issues pertaining to this market.

Scope of the report

The global market for laser processing by supply side is classified by laser technology type, application, and machine configuration. The market by demand side is classified based on verticals and geography. These segments are further classified into sub-segments as mentioned below.

On the basis of technology:

The laser processing market is segmented into four categories namely: gas lasers, solid state lasers, fiber lasers, and other types of lasers (excimer and semiconductor). These types specifically include CO2 lasers, fiber lasers, Nd: YAG laser, and Er: YAG laser.

On the basis of application:

The different processes pertaining to this market are segmented in terms of cutting, drilling, marking and engraving, micro-processing, and advanced processing. These processes are used in various applications for different verticals.

On the basis of machine configuration:

Laser and simple beam delivery systems are rarely used on their own. Generally, they are used in conjunction with the larger laser system. On the basis of laser system’s configuration with the assembly, the market is classified in three major categories such as fixed beam, hybrid, and moving beam.

On the basis of Verticals:

The verticals/end users market is segmented into aerospace & defense, architecture, automotive, medical, semiconductor & electronics, and machine tooling. These are the major verticals for laser processing, however with the emergence of new laser technologies; there are various upcoming applications areas in the research and development field.

On the basis of geography:

North America (which includes U.S., Canada, Mexico), Europe (includes Germany, France, Italy, U.K.), Asia-Pacific (China, Japan, South Korea), and ROW (includes Latin America, Middle East, Africa) collectively are covered in the report.

Table of Contents 
 
1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
          1.3.1 Markets Covered
          1.3.2 Geographic Scope
          1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Factor Analysis
          2.1.1 Demand Side Analysis
          2.1.2 Supply Side Analysis
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Trangulation
    2.4 Market Share Estimation
          2.4.1 Key Data From Secondary Sources
          2.4.2 Key Data From Primary Sources
          2.4.2.1 Key Industry Insights
    2.5 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in Laser Processing
    4.2 Market – Laser Types
    4.3 Market in Asia-Pacific
    4.4 China and Germany Are Expected To Lead the Laser Processing Market, in the Next Seven Years
    4.5 Market: Laser Technology Type (2020)
    4.6 Market: Developed vs. Developing Nations
    4.7 Life Cycle Analysis, By Geography

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Evolution
    5.4 Technology and Application Trends
    5.5 Advantages of Laser Material Processing
    5.6 Market Dynamics
          5.6.1 Drivers
                   5.6.1.1 Demand of Advanced Processing Tools
                   5.6.1.2 Increasing Applications in Medical Field
5.6.1.2.1 Photobiomodulation: an Emerging Area of Medical Science
                   5.6.1.3 Technological Advancements and Emerging Trends in the Industrial Sector
          5.6.2 Restraints
                   5.6.2.1 Diverging Macroeconomic Trends Fuelled By Eurozone Crisis
                   5.6.2.2 High Cost of Ownership Including Initial Investment, Implementation, and Maintenance Cost
                  5.6.2.3 Lack of Technical Expertise To Execute Laser Processing
          5.6.3 Opportunities
                   5.6.3.1 Growing Demand for Automobiles and Mobile Electronic Devices
                   5.6.3.2 Increasing Adoption of Disk Lasers
                   5.6.3.3 Different Emerging Applications of the Laser Technology
                   5.6.3.4 Lassol: Laser Doping of Solar Cells
                   5.6.3.5 Green Laser Devices for Projection Applications
          5.6.4 Challenges
                   5.6.4.1 Rare Earth Elements Mining and Processing: Environmental Concerns
                   5.6.4.2 Technical Challenges Related To High Power Lasers
    5.7 Burning Issues
          5.7.1 Safety Issues Related To Laser Processing
    5.8 Winning Imperatives
          5.8.1 Vertical Integration and Rationalization of the Laser Processing Market Supply Chain

6 Industry Trends (Page No. - 55)
    6.1 Introduction
    6.2 Value Chain
    6.3 Porter's Five forces Model
          6.3.1 Threat From New Entrants
          6.3.2 Threat From Substitutes
          6.3.3 Bargaining Power of Suppliers
          6.3.4 Bargaining Power of Buyers
          6.3.5 Degree of Competition
    6.4 Strategic Benchmarking
          6.4.1 Technology Integration & Product Enhancement

7 Market Analysis, By Laser Technology Type (Page No. - 65)
    7.1 Introduction
    7.2 Gas Lasers
          7.2.1 Co2 Gas Laser
          7.2.2 Excimer Gas Lasers
    7.3 Solid Lasers
          7.3.1 Yag Lasers
          7.3.2 Thin Disk Lasers
          7.3.3 Ruby Lasers
    7.4 Fiber Lasers
    7.5 Semiconductor Lasers

8 Market Analysis, By Machine Configuration (Page No. - 99)
    8.1 Introduction
    8.2 Types of Configuration for Laser Processing
          8.2.1 Fixed Beam
          8.2.2 Moving Beam
          8.2.3 Hybrid
    8.3 Types of Configuration for Laser Cutting and Engraving
          8.3.1 Raster Mode
          8.3.2 Vector Mode

9 Market Analysis, By Application (Page No. - 105)
    9.1 Introduction
    9.2 Macro-Processing, By Dimension
          9.2.1 2d Or Flat Panel Cutting, Drilling, and Welding
          9.2.2 3d Cutting, Drilling, and Welding
    9.3 Macro-Processing, By Type
          9.3.1 Cutting
                   9.3.1.1 Fusion Cutting
                   9.3.1.2 Flame Cutting
                   9.3.1.3 Sublimation Cutting
          9.3.2 Drilling
                   9.3.2.1 Single Pulse Drilling
                   9.3.2.2 Percussion Drilling
                   9.3.2.3 Trepanning Drilling
                   9.3.2.4 Helical Drilling
          9.3.3 Welding
          9.3.4 Marking and Engraving
                   9.3.4.1 Direct Laser Engraving
                   9.3.4.2 Direct Photopolymer Laser Imaging
                   9.3.4.3 Sub Surface Laser Engraving
    9.4 Microprocessing
    9.5 Advanced Processing

10 Market Analysis, By Vertical (Page No. - 121)
     10.1 Introduction
     10.2 Aerospace and Defense
     10.3 Architecture
     10.4 Automotive
     10.5 Medical
     10.6 Semiconductor and Electronics
     10.7 Machine Tooling

11 Geographic Analysis (Page No. - 135)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 France
             11.3.3 Italy
             11.3.4 U.K.
             11.3.5 Others
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 Others
     11.5 Rest of the World
             11.5.1 Middle East
             11.5.2 Africa
             11.5.3 Latin America

12 Competitive Landscape (Page No. - 153)
     12.1 Overview
     12.2 Market Share Analysis, Laser Processing Market
     12.3 Competitive Scenario
     12.4 Recent Developments
             12.4.1 New Product Launches
             12.4.2 Mergers and Acquisitions
             12.4.3 Expansions

13 Company Profile (Page No. - 162)
     13.1 Introduction
     13.2 Alltec GMBH
             13.2.1 Business Overview
             13.2.2 Product Portfolio
             13.2.3 Key Strategy
             13.2.4 Recent Developments
     13.3 Coherent, Inc.
             13.3.1 Business Overview
             13.3.2 Products & Services
             13.3.3 Key Strategy
             13.3.4 Recent Developments
             13.3.5 SWOT Analysis
             13.3.6 MNM View
     13.4 Epilog Laser
             13.4.1 Business Overview
             13.4.2 Product Portfolio
             13.4.3 Key Strategy
             13.4.4 Recent Developments
     13.5 Eurolaser GMBH
             13.5.1 Business Overview
             13.5.2 Product Portfolio
             13.5.3 Key Strategy
             13.5.4 Recent Developments
     13.6 IPG Photonics Corporation
             13.6.1 Business Overview
             13.6.2 Product Portfolio
             13.6.3 Key Strategy
             13.6.4 Recent Developments
             13.6.5 SWOT Analysis
             13.6.6 MNM View
     13.7 Jenoptik AG
             13.7.1 Business Overview
             13.7.2 Product Portfolio
             13.7.3 Key Strategy
             13.7.4 Recent Developments
             13.7.5 MNM View
     13.8 Laserstar Technologies
             13.8.1 Business Overview
             13.8.2 Product Portfolio
             13.8.3 Key Strategy
             13.8.4 Recent Developments
     13.9 Newport Corporation
             13.9.1 Business Overview
             13.9.2 Product Portfolio
             13.9.3 Key Strategy
             13.9.4 Recent Developments
             13.9.5 SWOT Analysis
             13.9.6 MNM View
     13.10 Rofin-Sinar Technologies, Inc.
             13.10.1 Business Overview
             13.10.2 Product Portfolio
             13.10.3 Key Strategy
             13.10.4 Recent Developments
             13.10.5 SWOT Analysis
             13.10.6 MNM View
     13.11 Trumpf Group
             13.11.1 Business Overview
             13.11.2 Product Portfolio
             13.11.3 Key Strategy
             13.11.4 Recent Developments
             13.11.5 SWOT Analysis
             13.11.6 MNM View

14 Appendix (Page No. - 209)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
 
 
List of Tables (81 Tables) 

Table 1 Laser Processing vs Mechanical Processing
Table 2 Need of Technologically  Advanced Processing Techniques Over Conventional Methods Has Been A Major Driver for the Growth of Laser Processing Market
Table 3 Impact Analysis of Restraints
Table 4 Impact Analysis of Opportunities
Table 5 Impact Analysis of Challenges
Table 6 Laser Electronic Component: Key Manufacturers and Suppliers, 2013
Table 7 Laser Optics Key Manufacturers and Suppliers, 2013
Table 8 Laser Electronic Shutter Key Manufacturers and Suppliers, 2013
Table 9 Impact Analysis of Porter’s Model
Table 10 Laser Processing Market Size, By Laser Type, 2013 – 2020 ($Billion)
Table 11 Gas Laser Processing Market  Size, By Types, 2013 – 2020 ($Million)
Table 12 Laser Processing Market Size for Gas Laser, By Process Type, 2013 – 2020 ($Million)
Table 13 Gas Laser Processing Market Size for Aerospace and Defense,  By Geography, 2013 – 2020 ($Million)
Table 14 Gas Laser Processing Market Size for Architecture,  By Geography, 2013 – 2020 ($Million)
Table 15 Gas Laser Processing Market Size for Automotive,  By Geography, 2013 – 2020 ($Million)
Table 16 Gas Laser Processing Market Size for Medical Application,  By Geography, 2013 – 2020 ($Million)
Table 17 Gas Laser Processing Market Size for Semiconductor and Electronics,  By Geography, 2013 – 2020 ($Million)
Table 18 Gas Laser Processing Market Size for Machine  Tooling,  By Geography, 2013 – 2020 ($Million)
Table 19 Laser Processing Market Size for Solid Laser, By Process Type, 2013 – 2020 ($Million)
Table 20 Solid Laser: Market Size for Medical, By Geography, 2013 – 2020 ($Million)
Table 21 Solid Laser: Market Size for Machine Tooling, By Geography, 2013 – 2020 ($Million)
Table 22 Solid Laser: Market Size for Aerospace and Defense, By Geography, 2013 – 2020 ($Million)
Table 23 Solid Laser: Market Size for Architecture, By Geography, 2013 – 2020 ($Million)
Table 24 Solid Laser: Market Size for Semiconductor and Electronics,  By Geography, 2013 – 2020 ($Million)
Table 25 Solid Laser: Market Size for Automotive, By Geography, 2013 – 2020 ($Million)
Table 26 Laser Processing Market Size for Fiber Laser, By Process Type, 2013 – 2020 ($Million)
Table 27 Fiber Laser: Market Size for Aerospace and Defense,  By Geography, 2013 – 2020 ($Million)
Table 28 Fiber Laser: Market Size for Architecture,  By Geography, 2013 – 2020 ($Million)
Table 29 Fiber Laser: Market Size for Automotive,  By Geography, 2013 – 2020 ($Million)
Table 30 Fiber Laser: Market Size for Medical,  By Geography, 2013 – 2020 ($Million)
Table 31 Fiber Laser: Market Size for Semiconductor and Electronics,  By Geography, 2013 – 2020 ($Million)
Table 32 Fiber Lasers: Market Size for Machine  Tooling,  By Geography, 2013 – 2020 ($Million)
Table 33 Laser Processing Market Size for Semiconductor Laser, By Process Type, 2013 – 2020 ($Million)
Table 34 Semiconductor Laser: Market Size for Aerospace and Defense,  By Geography, 2013 – 2020 ($Million)
Table 35 Semiconductor Laser: Market Size for Architecture,  By Geography, 2013 – 2020 ($Million)
Table 36 Semiconductor Laser: Market Size for Automotive,  By Geography, 2013 – 2020 ($Million)
Table 37 Semiconductor Laser: Market Size for Medical,  By Geography, 2013 – 2020 ($Million)
Table 38 Semiconductor Laser: Market Size for Semiconductor and Electronics,  By Geography, 2013 – 2020 ($Million)
Table 39 Semiconductor Laser: Market Size for Machine  Tooling,  By Geography, 2013 – 2020 ($Million)
Table 40 Comparison of Different Laser Processing Configurations
Table 41 Global Laser Processing Market Size, By Machine Configuration, 2013 – 2020 ($Billion)
Table 42 Market, By Process Type, 2013-2020 ($ Billion)
Table 43 Types of Laser and their Applications
Table 44 Laser Processing Market Size for Cutting, By Vertical, 2013–2020 ($ Million)
Table 45 Laser Cutting Market Size, By Type, 2013–2020 ($ Million)
Table 46 Market Size for Drilling, By Vertical, 2013 –2020 ($ Million)
Table 47 Market Size for Drilling, By Type, 2013 –2020 ($ Million)
Table 48 Market Size for Welding, By Vertical, 2013–2020 ($ Million)
Table 49 Market Size for Welding, By Laser Type, 2013–2020 ($ Million)
Table 50 Market Size for Marking and Engraving, By Vertical, 2012–2020 ($ Million)
Table 51 Global Laser Processing Market Size of Micro processing Segment, By Vertical (2012–2020, $ Million)
Table 52 Market Size for Advanced Processing, By Vertical, 2012–2020 ($ Million)
Table 53 Market Size, By Vertical, 2013-2020 ($ Million)
Table 54 Market Size in Aerospace and Defense Segment, By Process Type, 2013–2020, ($ Million)
Table 55 Market Size in Aerospace and Defense Segment, By Laser Type, 2013–2020 ($ Million)
Table 56 Market Size in Architecture Segment, By Process Type, 2013–2020 ($ Million)
Table 57 Market Size in Architecture Segment, By Laser Type , 2013–2020 ($ Million)
Table 58 Market Size in Automotive Segment, By Process Type, 2013–2020 ($ Million)
Table 59 Market Size in Automotive Segment, By Laser Type, 2013–2020 ($ Million)
Table 60 Market Size in Medical Segment, By Process Type, 2013–2020 ($ Million)
Table 61 Market Size in Medical Segment, By Laser Type, 2013–2020 ($ Million)
Table 62 Market Size in Semiconductor and Electronics Segment, By Process Type, 2013–2020 ($ Million)
Table 63 Market Size in Semiconductor and Electronics Segment, By Laser Type, 2013–2020 ($ Million)
Table 64 Market Size in Machine  Tooling Segment, By Process Type, 2013–2020 ($ Million)
Table 65 Market Size in Machine Tooling Segment, By Laser Type, 2013–2020 ($ Million)
Table 66 Laser Processing Market Size, By Region, 2013 – 2020 ($Billion)
Table 67 North America: Laser Processing Market Size, By Type, 2013 – 2020 ($Million)
Table 68 North America: Laser Processing Market Size, By Application, 2013 – 2020 ($Million)
Table 69 North America: Laser Processing Market Size, By Country, 2013 – 2020 ($Billion)
Table 70 Europe: Market Size, By Type, 2013 – 2020 ($Million)
Table 71 Europe: Laser Processing Market Size, By Application, 2013 – 2020 ($Million)
Table 72 Europe: Laser Processing Market Size, By Country, 2013 – 2020 ($Million)
Table 73 APAC: Market Size, By Type, 2013 – 2020 ($Million)
Table 74 APAC: Market Size, By Application, 2013 – 2020 ($Million)
Table 75 APAC: Market Size, By Geography, 2013 – 2020 ($Million)
Table 76 ROW: Market Size, By Type, 2013 – 2020 ($Million)
Table 77 ROW: Market Size, By Application, 2013 – 2020 ($Million)
Table 78 ROW: Market Size, By Geography, 2013 – 2020 ($Million)
Table 79 New Product Launches, 2011–2014
Table 80 Mergers and Acquisitions, 2011–2014
Table 81 Expansions, 2011–2014
 
 
List of Figures (62 Figures) 
 
Figure 1 Markets Covered
Figure 2 Laser Processing Market: Research Methodology
Figure 3 Worldwide GDP Trend (Annual Growth Rate)
Figure 4 CAGR (%) of Laser Processing Market, By Country
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Beakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 8 History of Laser Technology
Figure 9 Market Snapshot (2013 vs 2020): Gas Laser is Expected To Continue To Dominate the Laser Processing Market for the Next Seven Years
Figure 10 the Laser Processing Market, By Vertical, 2013
Figure 11 Laser Processing Market Share ($Million), 2013
Figure 12 Attractive Market Opportunities in Laser Processing
Figure 13 Solid State Laser To Grow at the Highest Rate Among All Laser Types, in the Laser Processing Market
Figure 14 Machine Tooling Segment for Laser Processing Accounted for the Largest Share in Asia-Pacific
Figure 15 China Accounted for the Largest Share in the Laser Proessing Market
Figure 16 APAC Market is Expected To Dominate the Laser Processing Market, in the Next Seven Years
Figure 17 China as A Developing Economy is Growing Faster Than the Developed Countries, in the Laser Processing Market
Figure 18 North American Market is in the Growth Phase, Whereas APAC is Moving Towards Maturity, in the Coming Years
Figure 19 Market - Segmentation
Figure 20 Evolution of Different Laser Technologies
Figure 21 Increasing Applications in Various Sectors Are Expected To Spur the Demand for Laser Processing
Figure 22 Value Chain of Laser Processing Market
Figure 23 Porter’s Five forces Analysis of Laser Processing Market, 2014
Figure 24 Laser Processing Market: Threats From New Entrants, 2014
Figure 25 Laser Processing Market: Threats From Substitutes, 2014
Figure 26 Market: Bargaining Power of Suppliers, 2014
Figure 27 Market: Bargaining Power of Buyers, 2014
Figure 28 Market: Degree of Competition, 2014
Figure 29 Strategic Benchmarking: Inorganic Growth Strategies for Technology Integration and Product Enhancement
Figure 30 Laser Processing Market Segmentation, By Laser Type
Figure 31 Solid State Laser Setup
Figure 32 Factors Determining the Efficiency of Laser Systems
Figure 33 Market Segmentation, By Machine Configuration
Figure 34 Market Segmentation, By Process Type
Figure 35 Types of Laser Cutting
Figure 36 Types of Laser Drilling
Figure 37 Market, By Verticals
Figure 38 Geographic Snapshot (2013)
Figure 39 The North American Market Snapshot: Demand Will Be Driven By Improvements in the Capability and Reduction in the Cost of Lasers
Figure 40 The Asia-Pacific Market Snapshot – China is the Most Lucrative Market
Figure 41 Companies Adopted New Product Launches as the Key Growth Strategy Over the Last Three Years
Figure 42 IPG Photonics Corporation Grew at the Fastest Rate, Between 2009 and 2013
Figure 43 Global Market Share, By Key Player, 2013
Figure 44 Market Evolution Framework: New Product Developments Have Fueled Growth and Innovation in 2011, 2012, and 2013
Figure 45 Battle for Market Share: New Product Launches Emerged as the Key Strategy
Figure 46 Geographic Revenue Mix of Top 5 Market Players
Figure 47 Market Position of Key Players: Coherent, Inc. is A Market Leader With A Wide Product Portfolio
Figure 48 Alltech GMBH: Company Snapshot
Figure 49 Coherent Inc.: Company Snapshot
Figure 50 Coherent, Inc.: SWOT Analysis
Figure 51 Epilog Laser: Company Snapshot
Figure 52 Eurolaser GMBH: Company Snapshot
Figure 53 IPG Photonics Corporation: Company Snapshot
Figure 54 IPG Photonics Corporation: SWOT Analysis
Figure 55 Jenoptik AG: Company Snapshot
Figure 56 Laserstar Technologies: Company Snapshot
Figure 57 Newport Corporation: Company Snapshot
Figure 58 Newport Corporation: SWOT Analysis
Figure 59 Rofin-Sinar Technologies, Inc. : Company Snapshot
Figure 60 Rofin-Sinar Technologies, Inc.: SWOT Analysis
Figure 61 Trumpf Group: Company Snapshot
Figure 62 Trumpf Group: SWOT Analysis

The laser processing market is expected to grow to $ 17.36 billion by 2020, at an estimated CAGR of 6.18% between 2014 and 2020. There has been a significant growth in demand for different types of lasers used in material laser processing which have a drastically reduced laser size, high wall plug efficiency, low power consumption, and less cost. Due to technological advancements pertaining to semiconductors, fiber laser materials, and mounting technologies, it is anticipated that laser processing market would continue to expand at a steady rate, in the next seven years. The fiber lasers and disk lasers would continue to play a significant role in energy storage for pulsed systems. Furthermore, the emerging new optical combination schemes are expected to provide an impetus to the growth of the laser processing market. All these types of laser technologies provide high precision cutting, welding, and drilling with less damage to the material. This has encouraged manufacturers in different industries including automotive, aerospace, and original equipment manufacturers (OEM), among others to utilize laser technology in material processing.

The laser processing market comprises five different segments which include technology, application, machine configuration, industry vertical, and geography. Each of the verticals is further segmented into individual sub-segments. The industry segment covers major verticals such as aerospace, architecture, automobile, machine tooling, medical, along with, semiconductor & electronics. The technology segment includes various laser types such as CO2 lasers, excimer lasers, solid state lasers, fiber lasers, and semiconductor lasers. The total laser processing market is fragmented into four regions; North America, Europe, APAC, and ROW.

Laser Processing Market

Source: MarketsandMarkets Analysis

This report describes the various industry trends, drivers, restraints, and opportunities pertaining to the laser technology market and forecasts the market, till 2020, based on technology, application, machine configuration, industry verticals, and geography. Factors such as increasing adoption of fiber lasers in medical sector, growing need for advanced processing tools and techniques in industries such as oil & gas, automotive, and machine tooling is driving the overall market. Marking and engraving applications for ICs (Integrated Circuits) and chips in semiconductor and electronics industry is also driving the market for laser processing. The different laser technologies include gas lasers, solid-state lasers, fiber lasers, and semiconductor laser. Amongst these, gas & fiber lasers are the most common type of lasers used for laser processing and marking, due to their high output power capabilities. Both accounted for around 61% of the total laser processing market, in 2013. Asia Pacific led the global laser processing market with share of 41%, in 2013. This was mainly due to the rise in adoption of laser technology for material processing across aerospace and automotive industries, among others.

Some of the major companies included in the report are Trumpf Group (Germany), Epilog Laser (U.S.), Coherent, Inc. (U.S.), Rofin-Sinar technologies (U.S.), Newport Corporation (U.S.), Laserstar technologies corporation (U.S.), and IPG Photonics Corporation (U.S.).

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