Global Laser Processing Market Forecast Report 2021-2026 – ResearchAndMarkets.com

Report “Laser Treatment Market – Forecast 2021 to 2026” has been added to from ResearchAndMarkets.com offer.

The laser treatment market is valued at US$11.089 billion for the year 2019 and is expected to grow at a CAGR of 7.78% to reach a market size of US$18.742 billion by 2026.

Rising application in medical devices and surgeries is one of the major market drivers expected to propel the growth of the laser treatment market over the forecast period. Also, the rapid growth in nano-fabrication technology is expected to contribute to the growth of the global laser processing market.

In addition, the manufacturing sector is increasingly adopting laser for material processing due to the large number of advantages it offers over traditional material processing, which is expected to be one of the main reasons for the growth. of the market.

However, the high initial cost of laser processing systems is one of the major restraints in the global laser processing market. Additionally, the inability of lasers to cut thick metals and the need for expertise are other factors that are expected to restrain the market growth.

The outbreak of the novel coronavirus disease has negatively impacted the laser treatment market. Manufacturing facilities have been shut down in many parts of the world to curb the spread of coronavirus, which has resulted in lower market growth.

In addition, travel restrictions have led to supply chain disruptions in the market, which has hurt the market. Moreover, even after the opening of manufacturing facilities, labor shortages were reported in many places, which further reduced the size of the laser processing market during the pandemic.

Advantages over traditional material processing

One of the major factors expected to drive the growth of the laser processing market over the forecast period is the vast number of advantages offered by laser material processing over traditional methods, which is expected to drive a increased adoption of laser for materials. treatment during the forecast period.

With the increase in demand for miniaturization of microelectronics, laser cutting is increasingly being used because laser cutters have extremely high accuracy and precision which is required under conditions where tolerances are extremely tight and make therefore of the laser cutter the best choice.

Also, it is high-speed and produces products without the need for retooling. In addition, laser welding offers higher weld strength because laser welding is narrow with an excellent depth-to-width ratio. The heat affected zone is limited and due to rapid cooling the surrounding material is not annealed.

Additionally, lasers can pierce a wide variety of materials, from rubber and wood to very hard metals like diamond and ceramic. Additionally, a large depth-to-diameter ratio can be achieved by laser drilling. Many such benefits provided by the use of laser in materials processing, coupled with the miniaturization of microelectronics resulting in increased need for precision, are expected to result in increased growth of the laser processing market over the course of the evaluation period.

Progress in laser treatment with the launch of new products.

The development of innovative and next-generation products is facilitating manufacturing and industrial processes, which is expected to drive increased demand for laser processing products in the coming years.

Asia-Pacific dominates the market.

Geographically, the Asia-Pacific region is expected to hold a large market share and is expected to witness the fastest growth owing to the use of laser processing in manufacturing, primarily in China. Additionally, growth in end-use industries such as electronics, healthcare, and construction is expected to drive the market growth in the region in the coming years.

Main topics covered:

1. Introduction

1.1. Market definition

1.2. Market segmentation

2. Research methodology

2.1. Research data

2.2. Hypotheses

3. Executive Summary

3.1. Research Highlights

4. Market dynamics

4.1. Market factors

4.2. Market constraints

4.3. Porter’s Five Forces Analysis

4.4. Industry Value Chain Analysis

5. Laser Treatment Market Analysis, By Type

5.1. introduction

5.2. gas laser

5.3. liquid laser

5.4. solid laser

5.5. Others

6. Laser Treatment Market Analysis, By Application

6.1. introduction

6.2. Chopped off

6.3. Welding

6.4. Drilling

6.5. Micro-computing

6.6. Marking & Engraving

6.7. Others

7. Laser Processing Market Analysis, By End-Use Industry

7.1. introduction

7.2. Aeronautics and Defense

7.3. Automotive

7.4. Health care

7.5. machine tools

7.6. Architecture

7.7. Electronics and Microelectronics

7.8. Others

8. Laser Treatment Market Analysis, By Geography

8.1. introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. UK

8.4.4. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. United Arab Emirates

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

9. Competitive environment and analysis

9.1. Key Players and Strategic Analysis

9.2. Emerging players and market profitability

9.3. Mergers, acquisitions, agreements and collaborations

9.4. Supplier Competitiveness Matrix

10. Company Profiles

• Laser epilogue

• Jenoptik AG

• Newport Company

• Coherent, Inc.

• TRUMPF Group

• Lumentum Management Inc.

• IPG Photonics Corporation

• Gravotech

• II-VI Incorporated

• Han’s Laser Technology Industry Group Co., Ltd

For more information about this report visit https://www.researchandmarkets.com/r/lys80g

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220105005679/en/