Some of the major reasons for the growth of the industrial laser market are the increasing shift towards electric vehicles by the automotive industry, increasing legislation and traceability requirements, growing demand for materials processing, growing demand for lasers in the aerospace sector, and the medical industry The growing adoption of laser technology, among other things. The global industrial laser market is expected to grow at a compound annual growth rate (CAGR) of 13.93% during the forecast period 2022-2027.
In terms of product type, the report divides industrial lasers into four types: fiber, solid-state/Disc, excimer/diode, and CO2. The product type leading the industrial laser market in 2021 is fiber lasers because of their small size, electrical Good efficiency, low maintenance cost and low operating cost. Because they can produce different wavelengths, they are widely used in industrial settings for cutting, marking, welding, cleaning, texturing, drilling, etc. During the forecast period, the highest CAGR will be seen in the excimer/diode type.
By application, the report divides the global industrial laser market into nine segments: metal cutting, welding/brazing, marking/engraving, fine metal processing, display, non-metal processing, semiconductor/PC board, additive manufacturing and others . The metal cutting segment held the highest share in the market in 2021 and is expected to be the fastest growing segment during the forecast period as this laser processing is non-contact, eliminating part distortion and the focusing optics are always in place, thus requiring no tools Setup and storage costs. Additionally, laser-cut edges are superior in every way to edges produced by most other cutting processes. Workpieces cut by laser require no subsequent machining operations.
By region, the global industrial laser market can be divided into four regions: Asia Pacific, North America, Europe, and Rest of the World. The Asia-Pacific region dominated the global market in 2021, mainly due to increasing number of OEM and automotive industries, declining manufacturing costs in emerging countries in the region, etc. In the Asia-Pacific region, China held the major share owing to the increasing use of industrial lasers in metal manufacturing processes such as steel cutting. North America is expected to lead the global industrial laser market during the forecast period owing to the increase in large-scale mergers and acquisitions and continued research and development of ultralaser technology. The United States held the major share of the North American industrial laser market in 2021 and is expected to be the fastest growing region in North America during the forecast period 2022-2027.
The major players in the global industrial laser market include
：Coherent(II-VI)、Jenoptik AG、Lumentum Holdings、nLIGHT、MKS Instrument(Newport)、NKT A/S(NKT Photonics)、TRUMPF、FANUC、IPG Photonics、Calmar Laser、Amonics、CY Laser SRL和Apollo Instruments.
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