Laser Processing Market Worth $3.77 Billion by 2018

DALLAS, April 29, 2013 /PRNewswire/ --

According to a new market research report, "Laser Processing Market (2013 - 2018): By Technology (Co2, ND: YAG, Fiber Laser); Process (Engraving, Marking, Cutting, Drilling); Base Material (Metals, Polymers); Application (Electronics, Machine Part Marking, Medical, Signage) & Geography", published by MarketsandMarkets, the value of the Laser Processing Market was $2.08 billion in 2012 and is expected to reach $3.77 billion in 2018, at an estimated CAGR of 9.71% from 2013 to 2018.

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• 90 Market Data Tables
• 33  Figures
• 240 Pages and an in-depth Table of Contents on "Laser Processing Market".

http://www.marketsandmarkets.com/Market-Reports/laser-processing-market-1062.html

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The material processing tasks both micro-processing and macro-processing were earlier done with the help of mechanical tools such as saw cutters, drill bits and so on. However, technological developments and the rapid adoption of lasers for the material processing purpose in the previous decade changed the market scenario vastly.

Apart from outclassing mechanical tools in every comparison, the Laser Processing Market is experiencing a positive growth trend because of the boost from government bodies, regulatory bodies, and associations of various kinds. The Federal Aviation Administration (FAA) making it compulsory to have wires and parts laser marked or the Food and Drug Administration (FDA) pushing manufacturers to mark equipment and drug packages are just a few examples of the growing usage of laser material processing techniques. Along with such drivers, the report analyses restraints and opportunities pertaining to the laser material processing.

The entire market is divided into various segments and micro-markets. The segments discussed in the report are:

• Technology
• Process Types
• Machine Configuration Types
• Verticals
• Applications and
• Geographical Market Distribution.

Each of the abovementioned segments is further broken down into sub-categories.

Apart from the quantitative datasets, the report also analyses the parameters such as:

• Value Chain Analysis
• Porters Five Force Analysis and
• Impact Analysis of Market Dynamics (Drivers, Restraints and Opportunities).

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