Laser Processing Market Worth $17.36 Billion by 2020
DALLAS, December 5, 2014 /PRNewswire/ --
According to a new market research report of "Laser Processing Market by Application (Cutting, Drilling, Marking), Laser type (Gas, Solid, Fiber Laser), Machine Configuration (Moving, Fixed beam), Vertical (Machine Tooling, Automotive), Geography - Global Forecast to 2020", published by MarketsandMarkets, the market is expected to grow at a CAGR of 6.18% between 2014 and 2020, and reach $17.36 Billion by 2020.
Browse 81 market data Tables and 62 Figures spread through 214 Pages and in-depth TOC on "Laser Processing Market".
Early buyers will receive 10% customization on this report.
The global Laser Processing Market is expected to reach $17.36 Billion by 2020, at an estimated CAGR 6.18% between 2014 and 2020. Europe and the Asia-Pacific region are expected to witness the fastest growth in the laser processing market. Europe is expected to expand at a CAGR of 5.92%, whereas APAC is expected to grow at a rate of 6.1%, between 2014 and 2020. The machine tooling segment constitutes the largest end user segment for the laser processing market. This market is experiencing a positive growth trend because of increasing applications in medical, machine tooling, and automobile industry. Laser processing provides a clean and damage free operation as it is a non-contact process. 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 electronics goods is another factor encouraging the adoption of laser technology for 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.
Different laser technologies such as CO2 laser, solid state lasers, fiber lasers, and excimer lasers are useful for processes such as cutting and marking in small dimensions. Thus, different laser technologies play an important role in the marking process for small electronic components. The industrial growth in the Asia Pacific region is another factor driving the growth of this market. Countries such as China, Japan and South Korea are expected to witness a strong growth in the laser processing market, during the forecast period. This is majorly due to the growing number of automobile and original equipment manufacturing (OEM) industries in these countries.
The report describes the market trends, drivers, restraints, and opportunities of the Laser Processing Market and forecasts the market up to 2020, based on technology, application, machine configuration, vertical, and geography. The segmentation has been done to provide strategic insights for each category, enabling stakeholders across the value chain to gain considerable business intelligence. In geography, the report covers the market of North America, Europe, Asia-Pacific, and RoW (Rest of the World). As of 2013, APAC is the largest market in terms of size. North America, Europe, and RoW are also considered to be promising markets, along with China, Japan, India, Germany, and the Middle East, which provide impetus to the growth of this industry. This report provides a SWOT analysis of the key players in the laser processing industry. The market has been witnessing a series of new product launch announcements and partnerships, across the value chain.
Inquiry Before Buying @http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=611
The major key players in the Laser Processing Market considered for this report included Trumpf Group (Germany), Epilog Laser (U.S.), Coherent, Inc. (U.S.), Rofin-Sinar technologies (U.S.), Newport Corporation (U.S.), Laserstar technologies corporation (U.S.), and IPG Photonics Corporation (U.S.).
Browse Related Reports
LiDAR Market by Components (INS, Laser, GPS/GNSS, Camera, MEMS), Product Types (Airborne, Mobile, Terrestrial), Applications (Corridor Mapping, Forestry, Mining, Topographic Surveying, Volumetric Mapping) - Global Forecasts and Analysis 2013 - 2018
http://www.marketsandmarkets.com/Market-Reports/lidar-market-1261.html
Level Sensors Market Focus on Technologies (Contact Type (Magnetostrictive, Vibratory probe, Hydrostatic, Magnetic float) and Non Contact Type (Ultrasonic, Radar, Optical, Laser), Applications and Geography - Global Trends & Forecast to 2013 - 2020
http://www.marketsandmarkets.com/Market-Reports/level-sensors-market-926.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Share this article