Industrial Laser Systems Market Growth Statistics, Size Estimation, Emerging Trends, Outlook to 2030 – Instant Interview

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The global industrial laser systems market was rated at $1,519.3 million in 2020 at USD 2741.86 million by 2027, at a CAGR of 8.8% from 2021 to 2027. Laser is an acronym for light amplification by stimulated emission of radiation, which has a specific wavelength, creating high intensity light. It is used in various industrial applications such as cutting, welding, non-metallic processing, additive manufacturing, etc. The laser is a rugged and compact marking system that produces high quality images through computer components such as printed circuit boards. Laser marking is used to mark unique identification numbers on machines and devices to identify and improve safety. Additionally, marking includes various sub-applications such as etching, annealing, ablating, quenching, foaming, and coloring. Good beam quality provided by lasers produces smaller line widths, higher marking speed and sharper contours. Additionally, laser is used to retain logos, names, serial numbers, barcodes, 2D data matrix and graphics; on a wide variety of materials, making it very flexible for industrial and commercial purposes.

Factors such as environmentally friendly technology, the increase in the trend towards green manufacturing and the growing concern of material processors regarding the impact of their products on the environment in various industrial sectors, and the adoption in automotive and mobile electronics applications are driving the market growth. However, the dangers of laser and reduction in cutting speed for thicker materials is expected to hamper the market growth. Also, technological advancements in fiber lasers are accepted to increase the scope of applications of lasers in various end-user industries.

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The global industrial laser systems market is segmented into type, power, application, and region. Based on type, the market is segmented into macro-processing and micro-processing. Based on the power, it is classified into less than 1 kW and more than 1.1 kW. Based on application, the market is segmented into cutting, welding, non-metallic processing, additive manufacturing, etc. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, Middle East & Africa.

Global industrial laser systems market dynamics

Drivers: environmentally friendly technology

An increase in the green manufacturing trend and an increase in material processors’ concerns about the environmental impact of their products in various industrial sectors have made laser systems the preferred choice for marking and cutting applications. Leading laser manufacturers develop energy-efficient and environmentally friendly fiber lasers that offer high peak power, vibration stability, maintenance-free turnkey operation and superior edge finish. For example, fiber laser systems offer 20 times more efficient power consumption than traditionally used lasers, which is further fueling their adoption, thereby driving market growth.

Additionally, lasers are increasingly replacing traditional methods used for machine marking, such as chemical etching and ink-based printing, as lasers provide easily automated, non-contact solutions without the use of consumables. such as helium. Additionally, they can produce marks of varying sizes and complexities, from serial alphanumeric codes to complex bitmap images. Reduction in power consumption and use of non-hazardous materials in fiber lasers are the major factors driving the market growth across the globe. In addition, surging adoption of environmentally friendly lasers and increasing regulatory standards for harmful emissions are expected to accelerate the growth of the industrial laser system market over the forecast period.

Constraints: dangers of the laser

Lasers are used in a wide range of industrial applications. Workers are exposed to laser when a laser is used on site. However, a laser beam can be harmful to workers. The most common injury caused by exposure to laser light is that of the eye. Severe laser eye damage can lead to permanent blindness.

Additionally, lasers can also damage human skin. This can cause thermal burns, ranging from sunburn to third-degree burns. Therefore, there are different regulations set by regulatory authorities on the use of lasers. These factors are hampering the growth of the global industrial laser systems market.

Opportunities: Technological advancement in fiber lasers

Factors driving the fiber laser market growth include emergence and evolution of ultra-fast and ribbon core fiber lasers and rise of fiber lasers in micro-cutting, 3D micro-milling, machining of blind holes, optical pumping, etc. tracing, surface treatment, defense and microscopy applications. Additionally, fiber lasers are used in different types of microscopy, including wide-field imaging, far-field fluorescence imaging, multiphoton microscopy, and confocal scanning microscopy. Additionally, they are used for optical pumping by researchers and engineers to develop their own optical devices and lasers.

Fiber lasers are increasingly replacing diode pumped semiconductor (DPSS) lasers in the ultrafast laser category and CW and kW level fiber lasers, which are replacing CO? and DPSS lasers in macro material processing applications, due to the pulse duration of the femtosecond to picosecond range of fiber lasers. Enhanced ribbon core fibers are ideal for defense applications, due to their increased resistance to thermal damage. The growth of additive manufacturing is further expected to increase industrial fiber lasers, as 3D printing uses machines for forming products that print materials using lasers. Thus, all these factors put together are expected to have a significant impact on the industrial laser system market over the forecast period, as advancements in technology will further increase the scope of application of fiber lasers in various end-user industries.

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Report scope

The study categorizes the industrial laser systems market based on type, power, application, and regions.

By Outlook Type (Sales, USD Million, 2017-2027)

  • Macro-processing
  • Micro-processing

By Power Outlook (Sales, USD Million, 2017-2027)

  • Less than 1kW
  • More than 1.1kW

By Outlook App (Sales, USD Million, 2017-2027)

  • Chopped off
  • Welding
  • Non-metallic treatment
  • Additive manufacturing
  • Others

Outlook by Region (Sales, USD Million, 2017-2027)

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

Macro processing, by type, accounts for the largest market share in 2020

On the basis of type, the global industrial laser system market is segmented into macro processing and micro processing. The macro processing segment was the largest contributor to the market in 2020 and held a market share of 77.0% in 2020. Laser macro processing systems are used for additive manufacturing, marking, cutting and welding. Marking can be performed on all types of sensitive and complex materials, including metals, ceramics and plastics. The laser is a rugged and compact marking system that produces high quality images through computer components such as printed circuit boards. Laser marking is used to mark unique numbers on machines and devices for identification and security purposes. Additionally, marking includes various sub-applications such as etching, annealing, ablating, quenching, foaming, and coloring. Good beam quality provided by lasers produces smaller line widths, higher marking speed and sharper contours. Additionally, laser is used to mark logos, names, serial numbers, barcodes, 2D data matrix and graphics; on a wide variety of materials, making it very flexible for industrial and commercial purposes. An increase in the use of fiber lasers owing to its rise in popularity as a labeling medium is expected to drive the growth of the industrial laser system market.

Asia-Pacific accounts for the highest CAGR over the forecast period in the industrial laser systems market

Based on region, the global industrial laser system market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Asia-Pacific is witnessing the fastest growth during the forecast period. Asia-Pacific includes China, India, Japan and Rest of Asia-Pacific. China is the region’s largest market, accounting for 53.4% ​​of the total Asia-Pacific market. Asia-Pacific is showing the highest growth in the global laser market due to increased demand for fiber lasers in the electronics and automotive industries. Fiber lasers are used in various industries such as materials processing, defense and others. Due to higher cost savings and low maintenance, traditional methods of machine marking in industrial applications are being replaced.

Main market players

Some of the major players analyzed in this report are Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, Quantel Group, TRUMPF, and Toptica Photonics AG. .

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