IMARC Group, a leading market research company, has recently releases report titled “Industrial Lasers Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global industrial lasers systems market growth, size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Industrial Lasers Systems
Industrial laser systems are sophisticated devices that produce high-intensity laser beams. They are composed of coherent light, meaning the electromagnetic waves are in phase, resulting in a concentrated and powerful energy source. They are available as gas lasers, solid-state lasers, semiconductor lasers, fiber lasers, and excimer lasers, which are used in ultraviolet (UV) lithography for semiconductor manufacturing and in medical and scientific applications. They are revolutionizing manufacturing processes by offering unmatched precision, speed, and versatility. They are more energy-efficient and eco-friendly as compared to traditional methods, reducing environmental impact.
How Big Is the Industrial Lasers Systems Market?
The global industrial lasers systems market size reached US$ 19.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.
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What are the growth prospects and trends in the industrial lasers systems industry?
At present, the increasing demand for industrial laser systems as their precision and high energy density make them ideal for shaping metals, plastics, ceramics, and composites, represents one of the crucial factors impelling the growth of the market.
Besides this, the rising employment of industrial laser systems in the healthcare sector for conducting eye surgeries, dental treatments, and skin therapies is contributing to the growth of the market. In addition, the growing adoption of laser systems in various applications is offering a favorable market outlook.
Apart from this, the increasing integration of automation and smart manufacturing practices into production lines for tasks, such as cutting, welding, marking, and quality control, is bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Fiber Laser
- Solid State Laser
- CO2 Laser
- Others
Breakup by Application:
- Cutting
- Welding
- Marking
- Drilling
- Others
Breakup by End Use Industry:
- Semiconductor and Electronics
- Automotive
- Aerospace and Defense
- Medical
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ACSYS Lasertechnik US Inc.
- Amonics Ltd.
- Coherent Inc.
- Han’s Laser Technology Industry Group Co. Ltd
- II-VI Incorporated
- IPG Photonics Corporation
- Jenoptik Laser GmbH
- Lumibird Group
- Newport Corporation (MKS Instruments Inc.)
- NKT Photonics A/S
- Toptica Photonics AG
- TRUMPF
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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