Laser Processing Systems Market - Growth, Share, Opportunities & Competitive Analysis, 2015 -2022

Laser technology offers high accuracy and speed for various industrial processes compared to conventional processing methods. Laser processing is a non-contact process; it delivers clean and damage-free processes. This is the most prominent factor responsible for increasing the penetration of laser technology across different manufacturing processes. Laser processing systems are commonly used across industry verticals such as automotive, electronics & semiconductors, machine tool manufacturing & original equipment manufacturers (OEMs), plastic processing, and others. Growing demand for fast and accurate material processing across these industries is another major factor fueling the laser processing systems market growth. Additionally, the rising miniaturization trend in the electronics industry is another factor boosting the demand for laser-based micro-processing. Laser technology is increasingly being used to produce integrated circuits (ICs), small-size circuit boards, and other micro-electronics components.

Laser technology is also useful for marking and engraving in small dimensions. Laser technology is popular for marking food containers, electronic components, jewelry, etc. Thus, laser technology is expected to witness strong demand for marking & engraving processes in the coming years. Moreover, many national governments recommend laser technology for clear and permanent marking on medical and food product mandates. This is anticipated to enhance the adoption of laser technology in marking & engraving during the forecast period. Nevertheless, the major restraint for the market is the high initial costs of this system.

The report titled “Global Laser Processing Systems Market- Growth, Share, Opportunities and Competitive Analysis, 2015 – 2022” offers strategic insights into the global laser systems industry along with the market size and estimates for the duration of 2013 to 2022. The research study covers an in-depth analysis of multiple market segments based on laser types, processes, industry verticals, and cross-sectional studies across different geographies. The study covers the comparative analysis of different segments for 2014 & 2022. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

To help the strategic decision makers, the report includes profiles of the leading laser processing system manufacturers, their SCOT (strengths, Challenges, Opportunities, and Weaknesses) analysis, and key developments. The major players profiled in the report are Rofin-Sinar Technologies, Inc., TRUMPF GmbH + Co. KG, Amada Co., Ltd., Coherent, Inc., Universal Laser Systems, Inc., Eurolaser GmbH, Jenoptik Laser GmbH, Han’s Laser Technology Co., Ltd., Epilog Laser, Inc. and Newport Corporation. Further, the report also covers the market positioning of the key players operating in the laser processing systems market.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the laser processing systems industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides:

  • A holistic view of the global laser processing systems market.
  • Offering market size and estimates for the period from 2015 to 2022.
  • Keeping in mind the factors mentioned above.

Type Segmentation Analysis

On the basis of product types, the global laser processing market is segmented into the following types:

  • Gas Lasers
  • Solid-state Lasers
  • Fiber Lasers
  • Other (Semiconductor, Excimers, Dye, etc.) Lasers

The laser processing systems market was dominated by the solid-state lasers segment globally. As of 2014, the segment contributed to more than one-third of the worldwide market revenue. Solid-state lasers are among the most efficient and high-power laser systems for industrial processes. As a result, the segment has witnessed strong adoption worldwide. Due to its advantages over gas lasers, the segment is expected to continue witnessing steady demand over the forecast period retaining its dominant position in the market.

Nevertheless, the market is expected to witness a substantial shift towards the fiber lasers segment in the coming years. Fiber lasers are variants of solid-state lasers with differences in their structure. These laser systems have a higher surface-to-volume ratio making heat dissipation easier. Thus, fiber lasers generate high power as compared to other laser systems. Fiber laser systems are capable of operating across all laser-based applications. This makes these systems preferable to traditional laser systems. As a result, the segment is expected to register the highest growth during the forecast period. The gas laser systems segment is anticipated to retain its second dominant position in the market throughout the forecast period.

Based on geography, the global laser processing systems market is segmented as per the following regions and countries.

  • North America
  • U.S.
  • Rest of North America
  • Europe
  • EU7
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Rest of the World
  • The Middle East and Africa
  • Latin America

As of 2014, the global laser processing systems market is dominated, in terms of revenue, by the Asia Pacific region. The region contributed to a market share of more than one-third of the total revenue generated worldwide. The market is governed by countries such as Japan, China, South Korea, and India. Additionally, due to many manufacturing sectors, the Asia Pacific region is expected to retain its dominant position in the market throughout the forecast period.

Europe follows the Asia Pacific region in terms of market revenue. The demand for laser processing systems is mainly governed by countries such as Germany, France, Russia, the U.K., and other Western Europe countries. Nevertheless, due to the overall slowdown in the region, the market growth is expected to remain sluggish in the coming years. Furthermore, the rest of the world (RoW) region is expected to emerge as the highest growing market in the coming years. The RoW region comprises the Middle East & Africa and Latin America. The market growth is mainly anticipated from the Latin America region.

Based on industry verticals, the laser processing systems market is categorized into the following segments:

  • Automotive
  • Machine Tools & OEMs
  • Electronics & Semiconductors
  • Healthcare & Medical Devices
  • Plastic Processing & Packaging
  • Others (Jewelry, Solar, Aerospace, etc.)

The global laser processing systems market dominated the machine tools & original equipment manufacturers (OEMs) segment in 2014. The segment accounted for over one-third of the total market revenue worldwide. The machine building & OEMs segment comprises verticals including a wide array of industrial products and OEMs used across different other industry sectors. Due to a large amount of metal processing, the segment is anticipated to retain its dominant position in the market throughout the forecast period. Other major consumers for laser processing systems include automotive, electronics & semiconductors, and plastic processing & packaging.

The healthcare & medical devices segment is estimated to register the highest growth in the coming years worldwide. Laser systems are increasingly being used across the segment due to their high precision. Amongst the laser processing systems, laser welding is expected to witness the highest demand in the segment in the coming years. Laser systems are increasingly used in cardiac processes, surgical tools, pacemakers, and other applications. Further, the demand for laser systems in the electronics & semiconductors segment is expected to be driven by the rising trend of miniaturization in the industry.

Frequently Asked Questions:

The market for Laser Processing Systems is expected to reach US$ XX Mn by 2022.

The Laser Processing Systems market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2015 to 2022.

The base year of this report is 2014.

Rofin-Sinar Technologies, Inc., TRUMPF GmbH + Co. KG, Amada Co., Ltd., Coherent, Inc., IPG Photonics Corporation, Newport Corporation, Eurolaser GmbH, Han’s Laser Technology Co., Ltd. are some of the major players in the global market.

Choose License Type
Trusted By
Published Date:  Apr 2016
Category:  Semiconductor & Electronics
Report ID:   57776
Report Format:   PDF
Pages:   140
Rating:    4.7 (60)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
24/7 Research Support