Advantages of laser technology for material processing over other conventional techniques are fueling the adoption of laser technology in industrial processes. Laser technology is used for processing wide range of materials including metals, non-metals, polymers, glass, rubber and others. This encourages manufacturers to adopt laser technology in their manufacturing operations.
Albany, NY -- (SBWIRE) -- 04/25/2016 -- Laser technology is used for different industrial processes including cutting, welding, drilling, marking and engraving. Laser processing market is expected to witness high demand during the forecast period owing to the wide applications of laser technology. Laser technology offers high speed and accurate industrial processes as compared to conventional industrial processing techniques. In addition, laser processing provides clean and a damage free operation as it is a non-contact process. This is one of the most important factors responsible for growing adoption of laser technology in manufacturing processes across the world. Rising demand for efficient material processing techniques in manufacturing industries is another driving factor for 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. Laser technology is useful for processes such as cutting and marking in small dimensions. Thus, laser technology plays an important role in marking process for small electronic components. Moreover, government regulations about clear and permanent marking on food and pharmaceutical products mandates the use of laser technology for marking processes. This may fuel the adoption of laser technology in marking during the forecast period. Growing industries in Asia Pacific region is another important factor driving the laser processing market in this region. Countries such as China, Japan and South Korea are expected to show strong growth in laser processing market during the forecast period. This is majorly due to the rising automobile and original equipment manufacturing (OEM) industries in these countries.
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The research study titled "Laser Processing (By Process – Material Processing, Marking and Engraving and Micro-processing) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020" provides in-depth analysis of the market and related sub-segments. The report strategically focuses on market segments based on product types, processes and end-use industries and provides market insights and data about the size and growth of each segment. The report includes detailed analysis of the prevalent market trends and company profiles. To provide better understanding of the competition in market, the report also includes Porter's five force model analysis, value chain analysis, and market attractiveness analysis. The study on the global laser processing market has been conducted with an objective of providing a thorough coverage of underlying technological and economic issues driving the laser processing market. The report provides market data and forecast for the laser product types, processes and end-use industry segments with an in-depth analysis of the global market, which has been further segmented on the basis of major geographical regions, from 2012 to 2020. The segmentation has been done to provide strategic insights for each category, enabling stakeholders across the value chain to gain considerable business intelligence.
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The report aims to provide a comprehensive overview of market data and trends in North America, Europe, Asia-Pacific and Rest of the World (RoW) for emerging laser processing instruments. In addition, the report identifies factors driving and restraining growth and future business opportunities in the laser processing systems market. The competitive landscape section in the report provides market share analysis of major players in the global market in 2012.
Besides analyzing the global laser processing market segment-wise, the report includes profiles of major players along with their market positions, business strategies and various recent developments. Companies profiled in the report include Trumpf GmbH + Co. KG, Coherent Inc., Rofin-Sinar Technologies Inc., Newport Corporation, IPG Photonics Corporation, Universal Laser Inc., LaserStar Technologies Corporation, Eurolaser GmbH, Epilog Laser Inc., Han's Laser Technology Co. Ltd., Bystronic Laser AG, Prima Industrie S.p.A. and Jenoptik Laser GmbH.
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