Industrial Laser Market Set to Reach USD 7.26 Billion by 2026

Findings from Facts and Factors report “Industrial Laser Market by Product Type (CO2 Laser, Fiber Laser, Solid State Laser, and Others), by Power Type (High, Medium, Low), By Application (Marking, Micro-Materials, and Macro-Materials) for Aerospace, Automotive, Electronics and Semiconductors, Medical, Food & Textile, Construction, Utility, and Others: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020-2026’’

Global industrial laser market in 2019 was approximately USD 4.05 billion. The market is expected to grow at a CAGR of 8.7% and is anticipated to reach around USD 7.26 billion by 2026.

Laser is the amplified stimulated emission of radiation. Laser rays are the divergent beam of radiations that helps in micro and nano material processing. They are frequently used by metal fabricators, manufacturers, and other industrial operators for welding, cutting, engraving, boring, etching, and other metal processes. CO2 laser is the common used gas laser that has vast application area including metal processing, soft-tissue surgery, and others. Laser can be classified based on their discharge material that include, gas, solid state, chemical, dye, metal-vapor, semiconductor, and others.

Request Download Link for PDF Sample Report With COVID-19 Impact Analysis Here https://www.fnfresearch.com/sample/industrial-laser-market-by-product-type-co2-laser-1197

Some of the high impact rendering drivers for the industrial laser market is large investment along with ongoing research and development in high-performance laser technology. However, regulatory compliances related to laser application is hindering the market growth. Nevertheless, growing application of fiber laser is expected to propel the market in coming years.

The global industrial laser market is segmented based on product type, power type, application, end user, and region. By product type, the market is classified into CO2 laser, fiber laser, solid state laser, and others. Fiber laser held the largest market share in 2019 owing to its notable application in research and development, heavy industries, and other industries. Fiber laser produces nanosensor pulses and high peak power that is used for industrial marking and engraving applications. On the basis of power type, the global industrial laser market is divided into high(more than 1KW), medium(100W to 1KW), and low(1W to 100W). Marking, micromaterials, and macromaterials are the applications of the global industrial laser market. Micromaterials is the fastest growing application segment. By end user, the market is bifurcated into aerospace, automotive, electronics and semiconductors, medical, food & textile, construction, utility, and others.

By geography, the industrial laser market is studied in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held the largest market share in 2019 for industrial laser and projected to be the fastest growing region in the analyzed period owing to significant investment in laser technology for scientific research, space exploration, and new launch. China is the greatest share holder for industrial laser market compared to others because of expansion of new facilities, new partnership and merger agreements between major market players and large investment in high-performance laser detection technique for space industry. North America and Europe are significant contributors in the global revenue of industrial laser market owing to significant merger and acquisitions along with ongoing research and development in the ultra-laser technology.

Inquire To Know Additional List of Market Players Included, Request Here https://www.fnfresearch.com/inquiry/industrial-laser-market-by-product-type-co2-laser-1197

Significant players for the industrial laser market are Power Technology Inc., TRUMPF, Mazak Optonics, IPG Photonics, Coherent, Bystronic, Newport Corporation, ProPhotonix, Clark MXR, Hypertharm Inc., Fastree3D, Light Blue Optics, Calmar Laser Inc., Precitec Inc., REA Jet, Sokkia Corporation, Epilog Laser, and Apollo Instruments among others.

The report segments of the global industrial laser market as follows:

Global Industrial Laser Market: Product Type Segment Analysis

  • CO2 Laser
  • Fiber Laser
  • Solid State Laser
  • Others

Global Industrial Laser Market: Power Type Segment Analysis

  • High(more than 1KW)
  • Medium(100W to 1KW)
  • Low(1W to 100W)

Global Industrial Laser Market: Application Segment Analysis

  • Marking
  • Micromaterials
  • Macromaterials

Global Industrial Laser Market: End User Segment Analysis

  • Aerospace
  • Automotive
  • Electronics and Semiconductors
  • Medical
  • Food & Textile
  • Construction
  • Utility
  • Others

Global Industrial Laser Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors

Global Headquarters

Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal – 200120, China
Tel: +86 21 80360450

Email: sales@fnfresearch.com

Web: https://www.fnfresearch.com

Back to top button