Global Laser Processing Market Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2030

Laser Processing Market
Laser Processing Market 

A laser beam produced by the thermal effect is used in laser processing to carry out operations including laser welding, surface modification, laser cutting, laser marking, laser drilling, and micro-processing. The acronym for laser is Light Amplification by Stimulated Emission of Radiation. The most frequent types of projected beams used in laser processing are moving, fixed, or hybrid beams. The most widely used laser processing methods include engraving, material processing, micro-processing, and etching.

Material processing includes a variety of metal and nonmetal operations like drilling, engraving, cutting, and marking. Laser technology has a number of advantages over conventional methods including plasma technology, flame, and water jet. Waterjet is used for ablation and structuring, while plasma and flame technologies are employed for cutting rather than engraving, marking, or drilling. However, waterjet is uncomfortable for material processing because of how noisy it is when operating. On the other hand, noise pollution can be avoided while all of the aforementioned tasks can be efficiently completed using laser technology.

The global Laser Processing Market was valued at US$ 15,694.1 Mn in 2019 and is forecast to reach a value of US$ 34,785.7 Mn by 2027 at a CAGR of 10.5% between 2020 and 2027.

The global laser processing market is anticipated to increase as a result of rising consumer demand for authentic, high-quality goods, reduced microelectronic device sizes, and increasing preferences for laser-based material processing over conventional techniques. Additionally, during the projection period, technological developments in the medical sector are anticipated to fuel demand. In addition, factors like rising demand for mobile electronics and vehicles as well as green laser devices for projection applications are anticipated to fuel market growth.

The laser processing market in Asia-Pacific is anticipated to expand at the fastest rate during the projection period. This is a result of an increase in original equipment manufacturers and the automotive industry, as well as a decrease in manufacturing costs in the region's expanding nations like China, India, and Japan. In North America, strict rules on laser marking are anticipated to fuel the market for marking systems in the next years, further driving up demand for laser processing. The market is expanding in Europe thanks to the growing use of laser processing in the automotive industry

Comments

Post a Comment

Popular posts from this blog

Global Fiber Reinforced Concrete Market Opportunity Analysis and Industry Forecast 2028

Image
  Fiber Reinforced Concrete Market A rise in commercial construction activity is anticipated to fuel the market as a result of the economy's improved state. The need for more office and storage space has been driven by the expansion of industries like food and consumer goods, which has had a large positive impact on the construction sector and the demand for paving slabs as long-lasting and attractive flooring. With the majority of the actors involved in the production and manufacture of the raw materials used in the production of paving slabs, product makers have a highly integrated supply chain. The majority of market participants also benefit from a robust direct distribution network that facilitates a seamless flow of products and enables them to build a broader customer base. Having a wide range of customizable products is important while making purchases. The global Fiber Reinforced Concrete Market was valued at US$ 2,330.40 Mn in 2020 and is forecast to reach a value of US$
Read more

Augmented Reality Is Fastest Growing Segment Fueling The Growth Of Air Defense Systems Market

Image
Air Defense Systems Market Market Overview: Air defense systems provides protection against cruise, tactical and strategic ballistic missiles, unmanned aerial vehicles, and aircraft. They consist of radar systems, interceptor missiles, command and control systems and fire control systems. Air defense systems help detect incoming enemy planes, and intercept missiles and other threats before they reach their targets using air-to-air, surface-to-air, and man-portable missiles. Market key trends: One of the major trends in the air defense systems market is the increasing adoption of augmented reality and artificial intelligence. Augmented reality offers 3D digital interfaces to air defense operators and commanders and overlays geographical data and combat intelligence information onto real-world combat scenarios. This enhances situation awareness, minimizes fatigue and improves decision-making. It is increasingly being incorporated into command and control systems, fire control radars and
Read more

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is
Read more