Market Overview:
The global automotive quasi continuous wave (QCW) lasers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles, and the rising adoption of advanced laser technologies in these applications. In terms of type, the below 1100 W segment is expected to account for a major share of the global automotive quasi continuous wave (QCW) lasers market during the forecast period. This can be attributed to its low cost and high efficiency as compared to other types of lasers.
Product Definition:
An automotive quasi continuous wave (QCW) laser is a device that emits light in a specific wavelength range. This type of laser is often used in automotive applications, such as headlights and taillights. The importance of automotive quasi continuous wave (QCW) lasers lies in their ability to emit bright light with high efficiency.
Below 1100 W:
Below 1100 W, it's usage.
Below 1000 W, it's usage.
The global below 1000W power laser for welding & cutting market size was valued at USD 9.5 million in 2015.
1100-3000W:
The power range 1100-3000W is used in automotive QCW lasers. These are high powered, short pulse laser sources that can be mounted on vehicles for cutting and welding metal parts at a distance of 10 meters. The wavelength of these lasers typically lies in the visible part of the electromagnetic spectrum ranging from 400-450 nm with an additional spectral line at 535 nm.
Application Insights:
The passenger car segment led the market and accounted for more than 60.0% share of the global revenue in 2017. The increasing penetration of QCW lasers in various applications, such as headlight, fog light, daytime running lights (DRL), and turn indicators among others is expected to drive the demand over the forecast period.
Increasing use of laser technology for cutting materials during manufacturing process is also expected to propel industry growth over the coming years. Moreover, growing preference towards automotive lighting as a safety feature is likely to fuel industry expansion over next seven years.
The commercial vehicle segment was valued at USD 1,252 million in 2017 owing to rising adoption across logistics vehicles including trucks/lorries among other heavy vehicles used for transporting goods across countries worldwide.
Regional Analysis:
Asia Pacific region dominated the global automotive QCW lasers market in 2017. The presence of major automobile manufacturers such as Toyota, Honda, and Hyundai in the region is expected to drive demand for high-power laser systems over the forecast period. Furthermore, increasing investments by OEMs for incorporating safety features into vehicles are expected to drive demand from 2018 to 2030. For instance, In January 2016, OEHL Engineering Laser Inc., a Canadian company that provides laser safety products and solutions announced that it has been awarded a contract by Volkswagen Group India Pvt. Ltd., one of the largest automakers in India for providing its Car-Net V2L system based on Continuously Variable Transmissions (CVT) technology across Volkswagen Group's model range including Polo and Vento/Jetta cars manufactured between 2012 and 2015.
Growth Factors:
- Increasing demand for laser-based systems in the automotive industry for advanced driver assistance systems (ADAS) and autonomous driving applications
- Growing popularity of laser-based safety features in automobiles
- Proliferation of next-generation vehicles with advanced features and technologies that require lasers for various applications
- Rising demand from emerging markets for automotive lasers
- Technological advancements that are resulting in smaller, more efficient and affordable lasers
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Quasi Continuous Wave (QCW) Lasers Market Research Report
By Type
Below 1100 W, 1100-3000W, 3001-6000W, Above 6000W
By Application
Passenger Car, Commercial Vehicle
By Companies
IPG Photonics, Coherent Inc., Lumentum, Raycus, JPT OPTO-Electronics, Feibo Laser, Maxphotonics, Wuxi Yuanqing Ruiguang Laser Ltd (Spearlux), Shenzhen Hanwei Laser, GW Laser Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Quasi Continuous Wave (QCW) Lasers Market Report Segments:
The global Automotive Quasi Continuous Wave (QCW) Lasers market is segmented on the basis of:
Types
Below 1100 W, 1100-3000W, 3001-6000W, Above 6000W
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IPG Photonics
- Coherent Inc.
- Lumentum
- Raycus
- JPT OPTO-Electronics
- Feibo Laser
- Maxphotonics
- Wuxi Yuanqing Ruiguang Laser Ltd (Spearlux)
- Shenzhen Hanwei Laser
- GW Laser Tech
Highlights of The Automotive Quasi Continuous Wave (QCW) Lasers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 1100 W
- 1100-3000W
- 3001-6000W
- Above 6000W
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Quasi Continuous Wave (QCW) Lasers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive quasi continuous wave lasers are a type of laser that emits light in a narrow, continuous beam. They are used in various applications, such as welding and cutting.
Some of the major players in the automotive quasi continuous wave (qcw) lasers market are IPG Photonics, Coherent Inc., Lumentum, Raycus, JPT OPTO-Electronics, Feibo Laser, Maxphotonics, Wuxi Yuanqing Ruiguang Laser Ltd (Spearlux), Shenzhen Hanwei Laser, GW Laser Tech.
The automotive quasi continuous wave (qcw) lasers market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Quasi Continuous Wave (QCW) Lasers Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Automotive Quasi Continuous Wave (QCW) Lasers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Automotive Quasi Continuous Wave (QCW) Lasers Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Automotive Quasi Continuous Wave (QCW) Lasers Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Automotive Quasi Continuous Wave (QCW) Lasers Market Size & Forecast, 2018-2028 4.5.1 Automotive Quasi Continuous Wave (QCW) Lasers Market Size and Y-o-Y Growth 4.5.2 Automotive Quasi Continuous Wave (QCW) Lasers Market Absolute $ Opportunity
Chapter 5 Global Automotive Quasi Continuous Wave (QCW) Lasers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Type
5.2.1 Below 1100 W
5.2.2 1100-3000W
5.2.3 3001-6000W
5.2.4 Above 6000W
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Quasi Continuous Wave (QCW) Lasers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Quasi Continuous Wave (QCW) Lasers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Quasi Continuous Wave (QCW) Lasers Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Type
9.6.1 Below 1100 W
9.6.2 1100-3000W
9.6.3 3001-6000W
9.6.4 Above 6000W
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Quasi Continuous Wave (QCW) Lasers Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Type
10.6.1 Below 1100 W
10.6.2 1100-3000W
10.6.3 3001-6000W
10.6.4 Above 6000W
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Quasi Continuous Wave (QCW) Lasers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Type
11.6.1 Below 1100 W
11.6.2 1100-3000W
11.6.3 3001-6000W
11.6.4 Above 6000W
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Quasi Continuous Wave (QCW) Lasers Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Type
12.6.1 Below 1100 W
12.6.2 1100-3000W
12.6.3 3001-6000W
12.6.4 Above 6000W
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Quasi Continuous Wave (QCW) Lasers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Type
13.6.1 Below 1100 W
13.6.2 1100-3000W
13.6.3 3001-6000W
13.6.4 Above 6000W
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Quasi Continuous Wave (QCW) Lasers Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Quasi Continuous Wave (QCW) Lasers Market: Competitive Dashboard
14.2 Global Automotive Quasi Continuous Wave (QCW) Lasers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IPG Photonics
14.3.2 Coherent Inc.
14.3.3 Lumentum
14.3.4 Raycus
14.3.5 JPT OPTO-Electronics
14.3.6 Feibo Laser
14.3.7 Maxphotonics
14.3.8 Wuxi Yuanqing Ruiguang Laser Ltd (Spearlux)
14.3.9 Shenzhen Hanwei Laser
14.3.10 GW Laser Tech