FORT WORTH, Texas, May 26, 2015 /PRNewswire/ --
The Global Fiber Laser Processing market was valued at $2,602.3 million in 2014 and is expected to reach $3,653.4 million by 2019, at a CAGR of 7.0% from 2014 to 2019.
Browse through the TOC of the global fiber laser processing market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.
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This market is segmented and forecast based on industry vertical, processing technique, and geography. The market in terms of industry vertical comprises aerospace & defense, architecture, automotive, medical, semiconductor & electronics, and machine tooling. On the basis of processing technique, the market has been segmented into cutting, drilling, welding, marking & engraving, micro processing, and advanced processing. On the basis of geography, the market has been segmented into five major region including North America, South America, Asia-pacific, Europe, and RoW. Each region has been further segmented into the major countries present in that region.
This is one of the most important factors contributing to the growing adoption of laser technology in manufacturing processes across the world. The rising demand for efficient material processing techniques in manufacturing industries is another driving factor for the laser processing market. Additionally, miniaturization of electronic goods is also encouraging the adoption of laser technology for the production of circuit boards, integrated circuits (ICs), and other electronics components. Increasing environmental concerns, due to mining issues could pose a challenge to the growth of this market.
Asia Pacific was the largest regional market in 2014; growth of automotive industries along with low manufacturing cost in the developing countries such as China, India, South Korea and Japan is expected to fuel the growth of the said market in this region. Companies operating in the fiber laser processing market are Coherent Inc. (U.S.), Trumpf Group (Germany), IPG Photonics Corporation (U.S.), Rofin-Sinar Technologies, Inc. (U.S.), and Newport Corporation (U.S.) among others.
This report includes market share and value chain analysis, along with market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
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