The global laser processing market is growing continually due to advances in production and manufacturing techniques. Besides, the widespread popularity and government support for robotics drive market growth. Moreover, growing applications in aerospace & defense, automotive, manufacturing, semiconductor & electronics, and medical & life science sectors create vast growth opportunities.
According to Market Research Future (MRFR), the global laser processing market is estimated to garner a valuation of USD 6.11 BN by 2026, growing at a 7.3% CAGR during the review period (2020 – 2026). The rising trend of products miniaturization and microelectronic devices boost the market size. Moreover, the increasing automation across manufacturing facilities has created growth opportunities.
Global Laser Processing Market - Segments
The report is segmented into products, laser types, applications, end-users, and regions. The product segment is sub-segmented into gas lasers, solid-state lasers, fiber lasers, and others. The laser type segment is sub-segmented into fixed beam, moving beam, and hybrid beam. The application segment is sub-segmented into cutting, marking, welding, drilling, engraving, additive manufacturing, and others.
Read more@ https://www.marketresearchfuture.com/reports/laser-processings-market-10161
Major Players:
Players leading the global laser processing market include ALPhANOV (France), Altec GmbH (Germany), Amada Co., Ltd (Japan), Coherent Inc. (US), Bystronic Laser AG (Switzerland), Epilog Laser, Inc. (US), Han's Laser Technology Industry Group Co., Ltd. (China), Eurolaser GmbH (Germany), IPG Photonics Corporation (US), Prima Industries (Italy), Newport Corporation (US), LaserStar Technologies Corporation (US), Jenoptik Laser GmbH (Germany), The Needham Group (Needham Coding - England), ROFIN-SINAR Technologies Inc. (US), Q-Peak Inc. (US), SEI Laser (Italy), Universal Laser Systems, Inc. (Japan), Trumpf GmbH + Co. KG (Germany), Xenetech Global Inc. (US), FOBA (US), Trotec Laser GmbH (Austria), and Mitsubishi Electric (Japan), among others.
