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

Laser technology offers high accuracy and speed for various industrial processes as compared to the conventional processing methods. Additionally, laser processing is a non-contact process, it delivers clean and damage free processes. This is the most prominent factor responsible for increasing 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, rising miniaturization trend in the electronics industry is another factor boosting the demand for laser-based micro-processing. Laser technology is increasingly being used in production of 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 popularly being used for marking food containers, electronic components, jewelry and others. Thus, laser technology is expected to witness strong demand for marking & engraving processes in the coming years. Moreover, many national governments are recommending laser technology for clear and permanent marking on medical and food products mandates. This is anticipated to enhance the adoption of laser technology in marking & engraving during the forecast period. Nevertheless, major restraint for the market is high initial costs of these 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 2013 to 2022. The said research study covers in-depth analysis of multiple market segments based on laser types, processes, industry verticals and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2014 & 2022. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading laser processing system manufacturers, their SCOT (Strength, 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 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
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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 above mentioned factors.

Geography Segmentation Analysis

On the basis of geography, the global laser processing systems market is segmented as per 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
  • 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 majorly governed by countries such as Japan, China, South Korea and India. Additionally, due to presence of large number of 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 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 Middle East & Africa and Latin America. The market growth is mainly anticipated from the Latin America region.

Industry Vertical Segmentation Analysis

On the basis of industry verticals, the laser processing systems market is categorized into 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 was dominated by the machine tools & original equipment manufacturers (OEMs) segment in 2014. The segment accounted for over one third of the total market revenue worldwide. Machine building & OEMs segment comprises verticals including wide array of industrial products and OEMs used across different other industry sectors. Due to large amount of metal processing involved, 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 being used in applications such as cardiac processes, surgical tools, pace makers and others. Further, the demand for laser systems in electronics & semiconductors segment is expected to be driven by the rising trend of miniaturization in the industry.