Laser Processing Market

Laser Processing Market with COVID-19 Impact analysis by Laser Type (Solid Lasers, Liquid Lasers, Gas Lasers), Configuration (Fixed Beam, Moving Beam, Hybrid), Revenue (System Revenue, Laser Revenue), Application, End-user Industry, and Region - Global Forecast to 2025

Report Code: SE 2965 Jun, 2020, by marketsandmarkets.com
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[221 Pages Report] The global laser processing market size is projected to grow from USD 4.0 billion in 2020 to USD 5.8 billion by 2025; it is projected to record a CAGR of 7.8% during the forecast period. The laser processing industry’s growth is driven mainly by the growing preference of end-user industries for laser-based material processing over traditional approaches, increasing demand for high-quality and genuine end-products, rising demand for miniaturization of microelectronic devices, and surging technological advancements in the medical sector.

Laser Processing Market

“Solid lasers segment to grow at highest CAGR in laser processing market, by laser type, during forecast period”

The solid lasers segment is expected to grow at the highest growth rate. Solid lasers prevent the wastage of materials in the active medium and produce both continuous and pulsed output with high efficiency. These lasers have numerous applications, such as drilling holes in metals, endoscopy in medical, and targeting in military.

“System revenue segment to hold larger share in laser processing market during forecast period”

The system revenue segment is projected to hold a larger share in the laser processing market during the forecast period. System revenue covers the revenue generated from the sales of several types of laser processing systems, such as systems for marking & engraving, welding & brazing, cutting & scribing, drilling, cladding & coating, annealing, material removal, and other multi-function laser processing systems.

“Hybrid configuration segment to hold largest share of laser processing industry during forecast period”

The hybrid configuration segment is projected to hold the largest share of the laser processing market during the forecast period. A hybrid system is more efficient than the moving beam system as it provides a constant beam delivery path length and allows a comparatively simpler beam delivery system. This is due to the presence of a movable table and a movable head in the hybrid system.

“Architecture end-user industry segment to grow at highest CAGR in laser processing market during forecast period”

The architecture end-user industry segment is expected to grow at the highest rate. Lasers help architects in creating precise models of buildings. These models are capable of accurately representing the design prior to construction, so that the necessary changes can be made to remove flaws or avoid the effect of climatic conditions, such as rain, heavy storms, and other unavoidable natural circumstances.

Laser Processing Market by Region

“Asia Pacific market to record significant growth during the forecast period.”

Asia Pacific (APAC) is projected to account for the largest share of the global laser processing market during the forecast period. The major countries contributing to the market in APAC include China, Japan, South Korea, and India. APAC has been ahead in terms of the adoption of laser processing solutions as compared with other regions. High population density, rise in R&D investments in technologies, and growth of the manufacturing and electronics sectors are expected to drive the growth of the market in the region.

Key Market Players

The laser processing market is currently dominated by Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), and Jenoptik (Germany). A few of the major strategies adopted by these players to compete in the laser processing industry include product launches & developments, expansions, partnerships, and mergers & acquisitions.

Other players operating in the market are Lumentum (US), Gravotech (France), LaserStar (US), Lumibird (France), and Epilog Laser (US). These players have adopted strategies such as product developments & launches, mergers & acquisitions, expansions, partnerships, and collaborations to grow in the laser processing market.

Scope of the Report:

Report Metrics

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Unit

Value (USD billion)

Segments covered

Laser type, configuration, revenue, application, and end-user industry

Regions covered

North America, Asia Pacific (APAC), Europe, and RoW

Companies covered

Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), Jenoptik (Germany), Lumentum (US), Gravotech (France), LaserStar (US), Lumibird (France), and Epilog Laser (US)

This report categorizes the laser processing market by laser type, configuration, revenue, application, end-user industry, and region.

By Laser Type:

  • Gas Lasers
    • CO2 Lasers
    • Excimer/Diode Lasers
    • Argon Lasers
    • Chemical Lasers
    • He–Ne Lasers
  • Solid Lasers
    • Yttrium Aluminum Garnet (YAG) Lasers
    • Semiconductor Lasers
    • Thin-disk Lasers
    • Ruby Lasers
    • Fiber Lasers
  • Liquid Lasers
    • X-ray Lasers
    • Dye Lasers
  • Others

By Configuration:

  • Laser Processing Configuration
    • Fixed Beam
    • Moving Beam
    • Hybrid
  • Laser Cutting and Engraving Configuration
    • Raster Mode
    • Vector Mode

By Revenue:

  • Laser Revenue
  • System Revenue

By Application:

  • Cutting
    • Fusion Cutting
    • Flame Cutting
    • Sublimation Cutting
  • Drilling
    • Single-pulse Drilling
    • Percussion Drilling
    • Trepanning Drilling
    • Helical Drilling
  • Welding
  • Marking & Engraving
    • Direct Laser Engraving
    • Direct Photopolymer Laser Imaging
    • Subsurface Laser Engraving
  • Microprocessing
  • Advanced Processing
  • Others

By End-user Industry:

  • Microelectronics
    • Flat-panel Display (FPD)
    • Advanced Packaging and Interconnects
    • Semiconductor Manufacturing
  • Micromachining
  • Aerospace & Defense
    • Laser Defense System Technology
    • Laser Radar (LiDAR)
  • Medical & Life Sciences
    • Laser Vision Correction
    • Confocal Microscopy
    • Optogenetics
    • Others
  • Automotive
  • Architecture
  • Machine Tools
  • Others (Glass, Wood, Plastics, and Tobacco)

By Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe (Italy, Russia, Austria, Netherlands, Denmark, Switzerland, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Spain, and Poland)
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific (Australia, Taiwan, Indonesia, the Philippines, and Singapore)
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Major Market Developments

  • In January 2020, Trumpf (Germany) acquired a minority stake in GLOphotonics, a France-based laser technology startup.
  • In November 2019, Coherent (US) launched a switchable adjustable ring mode (ARM) fiber laser that has the ability to sequentially power two separate processes or workstations.
  • In August 2019, Han’s Laser (China) launched a multi-axis ultrafast micromachining equipment that can control the rotation of the laser and can control X,Y,Z motion in three directions.
  • In November 2018, IPG Photonics (US) acquired Genesis, a US-based robotic systems integrator, to offers its laser processing solutions to transportation, industrial, and aerospace end-user markets.

Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming trends in the laser processing market?
  • What are the opportunities for existing market players and those who are planning to enter the market?
  • How are the inorganic growth strategies implemented by key players likely to impact the growth of the laser processing market, and who would have the advantage?
  • What are the current investment trends in the laser processing market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    2.1.1.1 Key industry insights
           2.1.2 SECONDARY DATA
                    2.1.2.1 List of major secondary sources
                    2.1.2.2 Secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Breakdown of primaries
                    2.1.3.3 Primary sources
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size through bottom-up approach (demand side)
           2.2.2 TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 37)

4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE OPPORTUNITIES IN LASER PROCESSING MARKET
    4.2 LASER PROCESSING MARKET IN APAC, BY COUNTRY AND END-USER INDUSTRY
    4.3 MARKET, BY LASER TYPE
    4.4 MARKET, BY REVENUE
    4.5 MARKET, BY END-USER INDUSTRY
    4.6 MARKET, BY APPLICATION
    4.7 MARKET, BY COUNTRY

5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Preference for laser-based material processing over traditional approaches
                    5.2.1.2 Increasing demand for high-quality and genuine products
                    5.2.1.3 Demand for miniaturization of microelectronic devices
                    5.2.1.4 Technological advancements in medical sector
           5.2.2 RESTRAINTS
                    5.2.2.1 High deployment cost and lack of personnel with required technical expertise
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing number of application areas
                    5.2.3.2 Surging demand for custom marking and engraving
                    5.2.3.3 Increasing automation across manufacturing sector
           5.2.4 CHALLENGES
                    5.2.4.1 Technical complexities in high-power lasers
                    5.2.4.2 Environmental concerns over use of rare earth elements
    5.3 IMPACT OF COVID-19 ON LASER PROCESSING MARKET
    5.4 VALUE CHAIN ANALYSIS

6 LASER PROCESSING MARKET, BY LASER TYPE (Page No. - 57)
    6.1 INTRODUCTION
    6.2 SOLID LASERS
           6.2.1 FIBER LASERS
                    6.2.1.1 Fiber lasers to hold largest share of solid lasers market during forecast period
           6.2.2 RUBY LASERS
                    6.2.2.1 Ruby lasers are used in science programs across various educational institutions, and for decoration and artistic purposes
           6.2.3 YTTRIUM ALUMINUM GARNET (YAG) LASERS
                    6.2.3.1 Nd:YAG lasers can reach deeper layers of skin tissues than other lasers
           6.2.4 SEMICONDUCTOR LASERS
                    6.2.4.1 Semiconductor lasers are natural transmitters of digital data because they can be pulsed at variable rate and pulse widths
           6.2.5 THIN-DISK LASERS
                    6.2.5.1 Due to their cooling properties, thin-disk lasers are used across several industrial applications and in scientific research
    6.3 LIQUID LASERS
           6.3.1 X-RAY LASERS
                    6.3.1.1 Major application areas of X-ray lasers are research related to dense plasmas, X-ray microscopy, medical imaging, military & defense, and surface research
           6.3.2 DYE LASERS
                    6.3.2.1 Dye lasers offer lesser beam diameter and beam divergence, ease of construction, and high efficiency
    6.4 GAS LASERS
           6.4.1 CO2 LASERS
                    6.4.1.1 CO2 laser offers high power, performance, and compact size for a sealed laser
           6.4.2 EXCIMER/DIODE LASERS
                    6.4.2.1 Excimer/diode lasers operate in ultraviolet (UV) spectral region and generate nanosecond pulses
           6.4.3 HE-NE LASERS
                    6.4.3.1 He-Ne are low-cost lasers providing good beam quality
           6.4.4 ARGON LASERS
                    6.4.4.1 Application areas of argon lasers include scientific research and medical
           6.4.5 CHEMICAL LASERS
                    6.4.5.1 Chemical lasers are capable of achieving high power by obtaining required energy levels from chemical reactions
    6.5 OTHERS
           6.5.1 PHOTONIC CRYSTAL LASER AND INDUSTRIAL SHORT-PULSE LASERS ARE USED FOR APPLICATIONS SUCH AS CUTTING, WELDING, DRILLING, AND MARKING & ENGRAVING

7 LASER PROCESSING MARKET, BY REVENUE (Page No. - 70)
    7.1 INTRODUCTION
    7.2 SYSTEM REVENUE
           7.2.1 GROWING DEMAND FOR LASER SYSTEMS ACROSS SEVERAL END-USER INDUSTRIES DRIVES REVENUE FROM SYSTEM SALES
    7.3 LASER REVENUE
           7.3.1 GROWING DEMAND FOR SEVERAL TYPES OF LASERS DRIVES LASER REVENUE SEGMENT

8 LASER PROCESSING MARKET, BY CONFIGURATION (Page No. - 75)
    8.1 INTRODUCTION
    8.2 TYPES OF CONFIGURATION FOR LASER PROCESSING
           8.2.1 FIXED BEAM
                    8.2.1.1 Fixed-beam configuration has laser beam in stationary position and requires lesser optics
           8.2.2 MOVING BEAM
                    8.2.2.1 Moving beam configuration segment is expected to grow at highest CAGR
           8.2.3 HYBRID
                    8.2.3.1 Hybrid laser processing systems are more efficient than moving beam systems
    8.3 TYPES OF CONFIGURATION FOR LASER CUTTING AND ENGRAVING
           8.3.1 RASTER MODE
                    8.3.1.1 Raster mode is applicable for engraving of texts and graphics on wood, aluminum, and flooring materials
           8.3.2 VECTOR MODE
                    8.3.2.1 Vector mode allows for marking, scoring, or cutting of a material’s surface in a two-dimensional line

9 LASER PROCESSING MARKET, BY APPLICATION (Page No. - 83)
    9.1 INTRODUCTION
    9.2 CUTTING
           9.2.1 FUSION CUTTING
                    9.2.1.1 Fusion cutting provides oxide-free cut edges and requires no further treatment
           9.2.2 FLAME CUTTING
                    9.2.2.1 Flame cutting allows high-speed cutting of thick plates
           9.2.3 SUBLIMATION CUTTING
                    9.2.3.1 Sublimation cutting is an ideal choice for applications requiring delicate cutting work
    9.3 WELDING
           9.3.1 THE LASER WELDING TECHNIQUE OFFERS HIGH PROCESSING SPEEDS AND A LOW POWER DISTORTION
    9.4 DRILLING
           9.4.1 SINGLE-PULSE DRILLING
                    9.4.1.1 Single-pulse drilling allows drilling of large number of holes in less time
           9.4.2 PERCUSSION DRILLING
                    9.4.2.1 Percussion drilling method produces deeper and more precise holes than single-shot drilling
           9.4.3 TREPANNING DRILLING
                    9.4.3.1 Depth of up to 50mm is achievable through trepanning drilling
           9.4.4 HELICAL DRILLING
                    9.4.4.1 Helical drilling facilitates easy drilling of large and deep holes
    9.5 MARKING & ENGRAVING
           9.5.1 DIRECT LASER ENGRAVING
                    9.5.1.1 Direct laser engraving is ideal for extremely fast and highly accurate print runs of catalogs or magazines
           9.5.2 SUBSURFACE LASER ENGRAVING
                    9.5.2.1 Subsurface laser engraving allows two- and three-dimensional designs inside glass
           9.5.3 DIRECT PHOTOPOLYMER LASER IMAGING
                    9.5.3.1 Direct photopolymer laser imaging process allows scanning electronically generated images
    9.6 MICROPROCESSING
           9.6.1 LASERS ARE USED FOR MICROPROCESSING IN PCB LAYOUTS, SEMICONDUCTOR LITHOGRAPHY, AND MICROMACHINING PARTS
    9.7 ADVANCED PROCESSING
           9.7.1 ADVANCED PROCESSING APPLICATION IS EXPECTED TO GROW AT HIGHEST CAGR
    9.8 OTHERS
           9.8.1 OTHER APPLICATIONS INCLUDE LASER PERFORATING, LASER SOLDERING AND WELDING, AND LASER STRUCTURING

10 LASER PROCESSING MARKET, BY END-USER INDUSTRY (Page No. - 96)
     10.1 INTRODUCTION
     10.2 MACHINE TOOLS
     10.3 MICROELECTRONICS
             10.3.1 FLAT-PANEL DISPLAY (FPD)
                       10.3.1.1 Lasers enable high process speed, better yield, and improved battery life with higher resolution and brightness at low cost for FPDs
             10.3.2 ADVANCED PACKAGING & INTERCONNECTS
                       10.3.2.1 Lasers are used for cutting and scribing of wafers in advanced packaging and interconnects
             10.3.3 MICROMACHINING
                       10.3.3.1 Excimer lasers are used to shape materials such as ceramics, glass, polymers, metals, and diamonds
             10.3.4 SEMICONDUCTOR MANUFACTURING
                       10.3.4.1 Lasers can detect and locate defects as small as 0.01 micron
     10.4 AUTOMOTIVE
             10.4.1 LASERS ARE UTILIZED FOR APPLICATIONS SUCH AS HIGH-STRENGTH STEEL CUTTING, SEAM WELDING, AND BRAZING
     10.5 MEDICAL & LIFE SCIENCES
             10.5.1 LASER VISION CORRECTION
                       10.5.1.1 Excimer lasers offer extreme reliability and high repetition rate in vision correction procedure
             10.5.2 CONFOCAL MICROSCOPE
                       10.5.2.1 Confocal microscopes offer high resolution, submicron microscopy, and magnification range of 100X to 10,000
             10.5.3 OPTOGENETICS
                       10.5.3.1 Ultrafast lasers are now being used for topological mapping and functional mapping of brain
             10.5.4 OTHERS
                       10.5.4.1 Other application segments in medical & life sciences include flow cytometry, biodetection and analysis, multiphoton excitation (MPE) microscopy, enhanced magnetic resonance imaging (MRI), and dermatological treatment
     10.6 AEROSPACE & DEFENSE
             10.6.1 LASER DEFENSE SYSTEM TECHNOLOGY
                       10.6.1.1 Lasers are used in anti-missile defense systems to dispose of energy of warheads
             10.6.2 LASER RADAR (LIDAR)
                       10.6.2.1 Lasers used in radar applications provide details regarding dimension and distance of targets with high accuracy
     10.7 ARCHITECTURE
             10.7.1 LASERS USED IN ARCHITECTURE SECTOR HELP ARCHITECTS CREATE PRECISE MODELS OF STRUCTURES
     10.8 OTHERS
             10.8.1 GLASS
                       10.8.1.1 CO2 and Nd:YAG lasers are an ideal choice for cutting, welding, and marking & engraving applications
             10.8.2 WOOD
                       10.8.2.1 All kinds of hardwoods, inlays, plywood, walnut wood, alder wood, and cherry wood can be engraved using laser systems
             10.8.3 PLASTIC
                       10.8.3.1 Lasers are used for cutting, welding, and marking & engraving applications in plastics industry
             10.8.4 TOBACCO
                       10.8.4.1 Lasers are used for perforation of cigarette tipping papers

11 GEOGRAPHIC ANALYSIS (Page No. - 122)
     11.1 INTRODUCTION
     11.2 NORTH AMERICA
             11.2.1 US
                       11.2.1.1 US held largest share of laser processing market in North America
             11.2.2 CANADA
                       11.2.2.1 Demand from aerospace & defense and automotive end-user industries to foster market growth in US
             11.2.3 MEXICO
                       11.2.3.1 Market in Mexico to grow at highest rate in North America
     11.3 EUROPE
             11.3.1 GERMANY
                       11.3.1.1 Germany held largest share of market in Europe in 2019
             11.3.2 FRANCE
                       11.3.2.1 Increasing demand for solid and gas lasers to drive growth of laser processing market in France
             11.3.3 UK
                       11.3.3.1 Presence of solid, liquid, and gas laser manufacturers to foster growth of market in UK
             11.3.4 ROE
                       11.3.4.1 Laser processing market in RoE to grow at highest rate in Europe
     11.4 APAC
             11.4.1 CHINA
                       11.4.1.1 China held largest share of market in APAC in 2019
             11.4.2 JAPAN
                       11.4.2.1 Heightened demand from automotive industry to foster market growth in Japan
             11.4.3 SOUTH KOREA
                       11.4.3.1 Microelectronics and automotive industries to induce demand for laser processing systems in South Korea
             11.4.4 INDIA
                       11.4.4.1 Laser processing market in India to capture highest CAGR during forecast period
             11.4.5 REST OF APAC
                       11.4.5.1 Growth in manufacturing activities to drive demand for laser processing systems in Rest of APAC
     11.5 ROW
             11.5.1 MEA
                       11.5.1.1 MEA held larger share of market in RoW in 2019
             11.5.2 SOUTH AMERICA
                       11.5.2.1 Laser processing market in South America to grow at higher CAGR in RoW

12 COMPETITIVE LANDSCAPE (Page No. - 155)
     12.1 INTRODUCTION
     12.2 RANKING ANALYSIS OF PLAYERS IN LASER PROCESSING MARKET
     12.3 COMPETITIVE LEADERSHIP MAPPING
             12.3.1 VISIONARY LEADERS
             12.3.2 DYNAMIC DIFFERENTIATORS
             12.3.3 INNOVATORS
             12.3.4 EMERGING COMPANIES
     12.4 COMPETITIVE BENCHMARKING
             12.4.1 STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)
             12.4.2 BUSINESS STRATEGY EXCELLENCE (25 COMPANIES)
     12.5 COMPETITIVE SCENARIO
             12.5.1 EXPANSIONS
             12.5.2 PRODUCT LAUNCHES AND DEVELOPMENTS
             12.5.3 MERGERS & ACQUISITIONS
             12.5.4 CONTRACTS, PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS


13 COMPANY PROFILES (Page No. - 170)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
     13.1 KEY PLAYERS
             13.1.1 COHERENT
             13.1.2 TRUMPF
             13.1.3 HAN'S LASER
             13.1.4 IPG PHOTONICS
             13.1.5 JENOPTIK
             13.1.6 LUMENTUM
             13.1.7 GRAVOTECH
             13.1.8 LASERSTAR
             13.1.9 LUMIBIRD
             13.1.10 EPILOG LASER
     13.2 RIGHT TO WIN
             13.2.1 COHERENT
             13.2.2 HAN’S LASER
             13.2.3 TRUMPF
             13.2.4 IPG PHOTONICS
             13.2.5 JENOPTIK
     13.3 OTHER COMPANIES
             13.3.1 NOVANTA
             13.3.2 MKS INSTRUMENTS
             13.3.3 EUROLASER
             13.3.4 600 GROUP
             13.3.5 BYSTRONIC LASER
             13.3.6 PHOTONICS INDUSTRIES
             13.3.7 PANASONIC
             13.3.8 DANAHER
             13.3.9 SINTEC OPTRONICS
             13.3.10 PRIMA INDUSTRIE

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 214)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS


LIST OF TABLES (106 Tables)

TABLE 1 LASER PROCESSING MARKET, BY LASER TYPE, 2017–2025 (USD MILLION)
TABLE 2 SOLID LASERS PROCESSING MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 3 SOLID LASERS PROCESSING MARKET, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 4 LIQUID LASERS PROCESSING MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 5 LIQUID LASERS PROCESSING MARKET, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 6 GAS LASERS PROCESSING MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 7 GAS LASERS PROCESSING MARKET, BY SUBTYPE, 2017–2025 (USD MILLION)
TABLE 8 OTHER LASER PROCESSING MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 9 MARKET, BY REVENUE, 2017–2025 (USD MILLION)
TABLE 10 MARKET FOR SYSTEM REVENUE, BY REGION, 2017–2025 (USD MILLION)
TABLE 11 MARKET FOR LASER REVENUE, BY REGION, 2017–2025 (USD MILLION)
TABLE 12 MARKET, BY CONFIGURATION, 2017–2025 (USD MILLION)
TABLE 13 FIXED-BEAM CONFIGURATION LASER PROCESSING MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 14 MOVING BEAM CONFIGURATION MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 15 HYBRID CONFIGURATION LASER PROCESSING MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 16 COMPARISON OF DIFFERENT LASER PROCESSING CONFIGURATIONS
TABLE 17 RESULT COMPARISON OF RASTER AND VECTOR MODES
TABLE 18 MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 19 MARKET FOR CUTTING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 20 MARKET BY WELDING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 21 MARKET FOR DRILLING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 22 MARKET BY MARKING & ENGRAVING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 23 MARKET FOR MICROPROCESSING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 24 MARKET FOR ADVANCED PROCESSING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 25 MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
TABLE 26 MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 27 MARKET FOR MACHINE TOOLS END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 28 MARKET FOR MACHINE TOOLS END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 29 MARKET FOR MACHINE TOOLS END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 30 MARKET FOR MACHINE TOOLS END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 31 MARKET FOR MACHINE TOOLS END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 32 MARKET FOR MICROELECTRONICS END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 33 MARKET FOR MICROELECTRONICS END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 34 MARKET FOR MICROELECTRONICS END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 35 MARKET FOR MICROELECTRONICS END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 36 MARKET FOR MICROELECTRONICS END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 37 MARKET FOR AUTOMOTIVE END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 38 MARKET FOR AUTOMOTIVE END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 39 MARKET FOR AUTOMOTIVE END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 40 MARKET FOR AUTOMOTIVE END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 41 MARKET FOR AUTOMOTIVE END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 42 MARKET FOR MEDICAL & LIFE SCIENCES END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 43 MARKET FOR MEDICAL & LIFE SCIENCES END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 44 MARKET FOR MEDICAL & LIFE SCIENCES END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 45 MARKET FOR MEDICAL & LIFE SCIENCES END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 46 MARKET FOR MEDICAL & LIFE SCIENCES END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 47 MARKET FOR AEROSPACE & DEFENSE END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 48 MARKET FOR AEROSPACE & DEFENSE END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 49 MARKET FOR AEROSPACE & DEFENSE END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 50 MARKET FOR AEROSPACE & DEFENSE END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 51 MARKET FOR AEROSPACE & DEFENSE END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 52 MARKET FOR ARCHITECTURE END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
TABLE 53 MARKET FOR ARCHITECTURE END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 54 MARKET FOR ARCHITECTURE END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 55 MARKET FOR ARCHITECTURE END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 56 MARKET FOR ARCHITECTURE END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 57 MARKET FOR OTHER END-USER INDUSTRIES, BY REGION, 2017–2025 (USD MILLION)
TABLE 58 MARKET FOR OTHER END-USER INDUSTRIES IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 59 MARKET FOR OTHER END-USER INDUSTRIES IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 60 MARKET FOR OTHER END-USER INDUSTRIES IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 61 MARKET FOR OTHER END-USER INDUSTRIES IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 62 MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 63 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 64 MARKET IN NORTH AMERICA, BY LASER TYPE, 2017–2025 (USD MILLION)
TABLE 65 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 66 MARKET IN NORTH AMERICA, BY CONFIGURATION, 2017–2025 (USD MILLION)
TABLE 67 MARKET IN NORTH AMERICA, BY REVENUE, 2017–2025 (USD MILLION)
TABLE 68 MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 69 MARKET IN US, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 70 MARKET IN US, BY REVENUE, 2017–2025 (USD MILLION)
TABLE 71 LASER PROCESSING MARKET IN CANADA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 72 MARKET IN MEXICO, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 73 MARKET IN EUROPE, BY COUNTRY, 2017–2027 (USD MILLION)
TABLE 74 MARKET IN EUROPE, BY LASER TYPE, 2017–2025 (USD MILLION)
TABLE 75 MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 76 MARKET IN EUROPE, BY CONFIGURATION, 2017–2025 (USD MILLION)
TABLE 77 MARKET IN EUROPE, BY REVENUE, 2017–2025 (USD MILLION)
TABLE 78 MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 79 MARKET IN GERMANY, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 80 MARKET IN FRANCE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 81 MARKET IN UK, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 82 MARKET IN ROE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 83 MARKET IN APAC, BY COUNTRY, 2017–2027 (USD MILLION)
TABLE 84 MARKET IN APAC, BY LASER TYPE, 2017–2025 (USD MILLION)
TABLE 85 MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 86 MARKET IN APAC, BY CONFIGURATION, 2017–2025 (USD MILLION)
TABLE 87 MARKET IN APAC, BY REVENUE, 2017–2025 (USD MILLION)
TABLE 88 MARKET IN APAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 89 MARKET IN CHINA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 90 MARKET IN CHINA, BY REVENUE, 2017–2025 (USD MILLION)
TABLE 91 MARKET IN JAPAN, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 92 MARKET IN SOUTH KOREA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 93 MARKET IN INDIA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 94 MARKET IN ROAPAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 95 MARKET IN ROW, BY REGION, 2017–2027 (USD MILLION)
TABLE 96 MARKET IN ROW, BY LASER TYPE, 2017–2025 (USD MILLION)
TABLE 97 MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 98 LASER PROCESSING MARKET IN ROW, BY CONFIGURATION, 2017–2025 (USD MILLION)
TABLE 99 MARKET IN ROW, BY REVENUE, 2017–2025 (USD MILLION)
TABLE 100 MARKET IN ROW, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 101 MARKET IN MEA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 102 MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
TABLE 103 EXPANSIONS, 2017–2019
TABLE 104 PRODUCT LAUNCHES AND DEVELOPMENTS, 2017–2019
TABLE 105 ACQUISITIONS, 2017–2019
TABLE 106 CONTRACTS, PARTNERSHIPS, AGREEMENTS, AND COLLABORATIONS, 2017–2019
 
 
LIST OF FIGURES (79 Figures)
 
FIGURE 1 LASER PROCESSING MARKET: RESEARCH DESIGN
FIGURE 2 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM PRODUCTS IN MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE COMPANY IN MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 DATA TRIANGULATION
FIGURE 7 ASSUMPTIONS FOR THE RESEARCH STUDY
FIGURE 8 GLOBAL LASER PROCESSING MARKET (USD MILLION)
FIGURE 9 MACHINE TOOLS END-USER INDUSTRY ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2019
FIGURE 10 SOLID LASERS TYPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2019
FIGURE 11 CUTTING APPLICATION HELD LARGEST SHARE OF MARKET, BY APPLICATION, IN 2019
FIGURE 12 SYSTEM REVENUE HELD LARGER SHARE OF MARKET, BY REVENUE, IN 2019
FIGURE 13 MARKET, BY REGION, 2019
FIGURE 14 PREFERENCE FOR LASER-BASED MATERIAL PROCESSING OVER TRADITIONAL APPROACHES DRIVES GROWTH OF MARKET
FIGURE 15 CHINA AND MACHINE TOOLS END-USER INDUSTRY HELD LARGEST SHARE OF APAC LASER PROCESSING MARKET IN 2019
FIGURE 16 SOLID LASERS TO ACCOUNT FOR LARGEST SHARE OF MARKET BASED ON LASER TYPE DURING 2020–2025
FIGURE 17 LASER REVENUE EXPECTED TO EXHIBIT HIGHER CAGR IN MARKET DURING 2020–2025
FIGURE 18 MACHINE TOOLS END-USER INDUSTRY EXPECTED TO HOLD LARGEST SHARE OF MARKET BY 2025
FIGURE 19 CUTTING APPLICATION EXPECTED TO HOLD LARGEST SHARE OF MARKET BY 2025
FIGURE 20 GERMANY ACCOUNTED FOR LARGEST SHARE OF MARKET IN 2019
FIGURE 21 IMPACT OF DRIVERS AND OPPORTUNITIES ON MARKET
FIGURE 22 IMPACT OF CHALLENGES AND RESTRAINTS ON MARKET
FIGURE 23 GLOBAL AUTOMOTIVE SALES, BY VEHICLE TYPE, 2012–2018 (MILLION UNITS)
FIGURE 24 ANNUAL SHIPMENT OF INDUSTRIAL ROBOTS, BY REGION, 2012–2017
FIGURE 25 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS AND LASER SYSTEM INTEGRATORS
FIGURE 26 LASER PROCESSING MARKET, BY LASER TYPE
FIGURE 27 MARKET FOR SOLID LASERS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 28 APAC TO HOLD LARGEST SHARE OF SOLID LASERS PROCESSING MARKET DURING FORECAST PERIOD
FIGURE 29 APAC TO HOLD LARGEST SHARE OF GAS LASERS PROCESSING MARKET DURING FORECAST PERIOD
FIGURE 30 MARKET, BY REVENUE
FIGURE 31 MARKET FOR LASER REVENUE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
FIGURE 32 APAC TO HOLD LARGEST SHARE OF MARKET FOR SYSTEM REVENUE DURING FORECAST PERIOD
FIGURE 33 APAC TO HOLD LARGEST SHARE OF MARKET FOR LASER REVENUE DURING FORECAST PERIOD
FIGURE 34 LASER PROCESSING MARKET, BY CONFIGURATION
FIGURE 35 MARKET FOR MOVING BEAM TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 36 APAC TO HOLD LARGEST SHARE OF FIXED-BEAM CONFIGURATION MARKET DURING FORECAST PERIOD
FIGURE 37 APAC TO HOLD LARGEST SHARE OF MOVING BEAM CONFIGURATION MARKET DURING FORECAST PERIOD
FIGURE 38 APAC TO HOLD LARGEST SHARE OF HYBRID CONFIGURATION MARKET DURING FORECAST PERIOD
FIGURE 39 LASER PROCESSING MARKET, BY MACHINE CONFIGURATION
FIGURE 40 LASER PROCESSING, BY APPLICATION
FIGURE 41 MARKET FOR ADVANCED PROCESSING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 42 MARKET FOR CUTTING APPLICATION TO CAPTURE LARGEST SIZE IN APAC DURING FORECAST PERIOD
FIGURE 43 MARKET FOR MARKING & ENGRAVING APPLICATION TO CAPTURE LARGEST SIZE IN APAC DURING FORECAST PERIOD
FIGURE 44 APAC TO HOLD LARGEST SHARE OF MARKET FOR OTHER APPLICATIONS DURING FORECAST PERIOD
FIGURE 45 MARKET, BY END-USER INDUSTRY
FIGURE 46 MARKET FOR ARCHITECTURE END-USER INDUSTRY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 47 APAC TO HOLD LARGEST SHARE OF MARKET FOR MACHINE TOOLS END-USER INDUSTRY DURING FORECAST PERIOD
FIGURE 48 APAC TO HOLD LARGEST SHARE OF MARKET FOR MICROELECTRONICS END-USER INDUSTRY DURING FORECAST PERIOD
FIGURE 49 APAC TO HOLD LARGEST SHARE OF MARKET FOR AUTOMOTIVE END-USER INDUSTRY DURING FORECAST PERIOD
FIGURE 50 APAC TO HOLD LARGEST SHARE OF MARKET FOR MEDICAL & LIFE SCIENCES END-USER INDUSTRY DURING FORECAST PERIOD
FIGURE 51 APAC TO HOLD LARGEST SHARE OF MARKET FOR AEROSPACE & DEFENSE END-USER INDUSTRY DURING FORECAST PERIOD
FIGURE 52 APAC TO HOLD LARGEST SHARE OF MARKET FOR ARCHITECTURE END-USER INDUSTRY DURING FORECAST PERIOD
FIGURE 53 APAC TO HOLD LARGEST SHARE OF MARKET FOR OTHER END-USER INDUSTRIES DURING FORECAST PERIOD
FIGURE 54 GEOGRAPHIC SNAPSHOT: LASER PROCESSING MARKET IN INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 55 APAC TO PROCURE LARGEST SHARE IN MARKET DURING FORECAST PERIOD
FIGURE 56 SNAPSHOT OF MARKET IN NORTH AMERICA
FIGURE 57 MEXICO TO RECORD HIGHEST CAGR IN MARKET IN NORTH AMERICA DURING FORECAST PERIOD
FIGURE 58 LASER PROCESSING MARKET IN NORTH AMERICA FOR ARCHITECTURE INDUSTRY TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 59 SNAPSHOT OF MARKET IN EUROPE
FIGURE 60 ROE TO CAPTURE HIGHEST CAGR IN MARKET IN EUROPE DURING FORECAST PERIOD
FIGURE 61 LASER PROCESSING MARKET IN EUROPE FOR ARCHITECTURE INDUSTRY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 62 SNAPSHOT OF MARKET IN APAC
FIGURE 63 MARKET IN INDIA TO CAPTURE HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 64 MARKET IN APAC FOR ARCHITECTURE INDUSTRY TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 65 MARKET IN SOUTH AMERICA TO RECORD HIGHER CAGR DURING FORECAST PERIOD
FIGURE 66 MARKET IN ROW FOR ARCHITECTURE INDUSTRY TO CAPTURE HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 67 MAJOR PLAYERS IN LASER PROCESSING MARKET ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2019
FIGURE 68 TOP 5 COMPANIES IN MARKET
FIGURE 69 MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
FIGURE 70 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
FIGURE 71 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN LASER PROCESSING MARKET
FIGURE 72 MARKET EVOLUTION FRAMEWORK: PRODUCT LAUNCHES, FOLLOWED BY MERGERS & ACQUISITIONS, FUELED MARKET GROWTH (2017–2019)
FIGURE 73 COHERENT: COMPANY SNAPSHOT
FIGURE 74 TRUMPF: COMPANY SNAPSHOT
FIGURE 75 HAN'S LASER: COMPANY SNAPSHOT
FIGURE 76 IPG PHOTONICS: COMPANY SNAPSHOT
FIGURE 77 JENOPTIK: COMPANY SNAPSHOT
FIGURE 78 LUMENTUM: COMPANY SNAPSHOT
FIGURE 79 LUMIBIRD: COMPANY SNAPSHOT

The study involved four major activities in estimating the current size of the laser processing market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts from across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market sizes of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the laser processing market begins with capturing data on the revenues of key vendors in the market through secondary research. This study involves extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for the technical, market-oriented, and commercial study of the laser processing market. Vendor offerings were also taken into consideration to determine the market segmentation. This entire research methodology includes studying annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.

Primary Research

The supply chain in the laser processing market comprises several stakeholders, such as suppliers of standard components, original equipment manufacturers (OEMs), component providers, solutions providers, and system integrators. The supply side is characterized by advancements in laser processing systems and their applications in diverse end-user industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows.

Laser Processing Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the laser processing market and various market subsegments. The research methodology used to estimate the market sizes includes the following.

  • Key players providing laser processing systems to different end-user industries were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research .
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying factors and trends from both the demand and supply sides of the laser processing market.

Research Objective

  • To define and forecast the laser processing market, by laser type, configuration, revenue, application, and end-user industry, in terms of value
  • To forecast the market size for various segments with regard to four main regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the laser processing market
  • To provide a comprehensive overview of the laser processing value chain
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the laser processing market
  • To analyze opportunities in the laser processing market for stakeholders by identifying high-growth segments
  • To strategically profile key players, comprehensively analyze their market rankings and core competencies, and provide a detailed competitive landscape of the market
  • To analyze competitive developments, such as contracts, mergers & acquisitions, product launches, and research & development (R&D) activities, in the laser processing market

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Critical Questions:

  • What will be the new end-user industries in which laser processing can be used?
  • Who are the key players in the market, and how intense is the competition
Report Code
SE 2965
Published ON
Jun, 2020
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