Market Overview:
The global CO2 laser market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for CO2 lasers from various end-use industries, such as communication, material processing, medical, military and others. In terms of type, the fiber laser welding machine segment is expected to grow at a higher CAGR than other segments during the forecast period. This can be attributed to its high efficiency and low cost of ownership as compared to other types of lasers.
Product Definition:
A CO2 laser is a device that emits beams of infrared light. It is used in many medical procedures, including surgery and hair removal.
Fiber Laser Welding Machine:
Fiber laser welding machine is a device that uses light energy to heat up materials and weld them by using high-intensity focused beam. It produces less smoke, low emissions, and hot spots than other electric or gas welding machines. Fiber laser welding machine can be used for metals or non-metallic materials like plastics & composites.
CO2 Laser Welding Machine:
CO2 laser welding machine is a device that uses carbon dioxide gas as a medium to heat up and weld metals. It has different applications in the automotive industry, construction industry, aerospace & defense industry and medical equipment manufacturing industries. CO2 laser welding machines are widely used in automotive repair shops for spot repairs of cars due to their properties such as high speed, low heat input & output and minimal filler material requirement.
Application Insights:
The material processing application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The CO2 laser technology offers numerous advantages, such as high speed, precise positioning, and better quality welds compared to other welding methods. This technology is widely used for metal cutting applications in various industries including automotive, aerospace & defense, etc., which are then processed on a commercial level by companies such as Caterpillar Inc., Volvo AB; HVAC (heating ventilation and cooling) manufacturers like Carrier Corporation; food & beverage manufacturers like Anheuser-Busch Inbev S.A.; pharmaceutical companies like Pfizer PLC; mining equipment producers like Barrick Gold Corporation; consumer goods companies like Procter & Gamble Co.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of manufacturers and suppliers. The region is expected to maintain its dominance over the forecast period due to factors such as increasing demand for CO2 lasers from various end-use industries, growing aerospace manufacturing sector, and rapid technological advancements.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising investments by governments in developing countries such as China and India for expanding application areas of CO2 lasers. In addition, increasing use of these devices in dentistry procedures is projected favorably impact industry growth.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global CO2 laser market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because CO2 lasers are considered as the gold standard for these types of surgeries.
- Technological advancements: The market is also expected to benefit from the ongoing technological advancements in CO2 lasers technology. This is because these advancements are helping to make these lasers more efficient and accurate, thus resulting in better surgical outcomes for patients.
- Rising prevalence of chronic diseases: Another key growth driver for the global CO2 laser market is the rising prevalence of chronic diseases such as cancer, which are requiring more surgical interventions than ever before.
- Growing number of aging population: A growing number of aging population is also anticipated to drive demand for CO2 laser-based surgical procedures in years to come, thereby propelling growth of this market globally . 5) Increasing healthcare expenditure: Finally, rising healthcare expenditure across the world will also work in favor of the global CO 2 laser market over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
CO2 Laser Market Research Report
By Type
Fiber Laser Welding Machine, CO2 Laser Welding Machine, Solid-State Laser Welding Machine
By Application
Communication, Material Processing, Medical, Military, Others
By Companies
Coherent, GSI, Han's Laser, Rofin-Sinar Technologies, TRUMPF, Fanuc, GBOS Laser Technology, Laser Photonics, Lumenis, Quanta System, Coherent
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global CO2 Laser Market Report Segments:
The global CO2 Laser market is segmented on the basis of:
Types
Fiber Laser Welding Machine, CO2 Laser Welding Machine, Solid-State Laser Welding Machine
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
Communication, Material Processing, Medical, Military, Others
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:
- Coherent
- GSI
- Han's Laser
- Rofin-Sinar Technologies
- TRUMPF
- Fanuc
- GBOS Laser Technology
- Laser Photonics
- Lumenis
- Quanta System
- Coherent
Highlights of The CO2 Laser 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:
- Fiber Laser Welding Machine
- CO2 Laser Welding Machine
- Solid-State Laser Welding Machine
- By Application:
- Communication
- Material Processing
- Medical
- Military
- Others
- 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 CO2 Laser 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
CO2 laser is a type of laser that emits light through the emission of carbon dioxide.
Some of the key players operating in the co2 laser market are Coherent, GSI, Han's Laser, Rofin-Sinar Technologies, TRUMPF, Fanuc, GBOS Laser Technology, Laser Photonics, Lumenis, Quanta System, Coherent.
The co2 laser market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CO2 Laser 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 CO2 Laser Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CO2 Laser 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 CO2 Laser 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 CO2 Laser Market Size & Forecast, 2020-2028
4.5.1 CO2 Laser Market Size and Y-o-Y Growth
4.5.2 CO2 Laser Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Fiber Laser Welding Machine
5.2.2 CO2 Laser Welding Machine
5.2.3 Solid-State Laser Welding Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Communication
6.2.2 Material Processing
6.2.3 Medical
6.2.4 Military
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CO2 Laser 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 CO2 Laser 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Fiber Laser Welding Machine
9.6.2 CO2 Laser Welding Machine
9.6.3 Solid-State Laser Welding Machine
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 Market Size Forecast by Applications
9.10.1 Communication
9.10.2 Material Processing
9.10.3 Medical
9.10.4 Military
9.10.5 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Fiber Laser Welding Machine
10.6.2 CO2 Laser Welding Machine
10.6.3 Solid-State Laser Welding Machine
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 Market Size Forecast by Applications
10.10.1 Communication
10.10.2 Material Processing
10.10.3 Medical
10.10.4 Military
10.10.5 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Fiber Laser Welding Machine
11.6.2 CO2 Laser Welding Machine
11.6.3 Solid-State Laser Welding Machine
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 Market Size Forecast by Applications
11.10.1 Communication
11.10.2 Material Processing
11.10.3 Medical
11.10.4 Military
11.10.5 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Fiber Laser Welding Machine
12.6.2 CO2 Laser Welding Machine
12.6.3 Solid-State Laser Welding Machine
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 Market Size Forecast by Applications
12.10.1 Communication
12.10.2 Material Processing
12.10.3 Medical
12.10.4 Military
12.10.5 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Fiber Laser Welding Machine
13.6.2 CO2 Laser Welding Machine
13.6.3 Solid-State Laser Welding Machine
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) Market Size Forecast by Applications
13.10.1 Communication
13.10.2 Material Processing
13.10.3 Medical
13.10.4 Military
13.10.5 Others
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 CO2 Laser Market: Competitive Dashboard
14.2 Global CO2 Laser Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Coherent
14.3.2 GSI
14.3.3 Han's Laser
14.3.4 Rofin-Sinar Technologies
14.3.5 TRUMPF
14.3.6 Fanuc
14.3.7 GBOS Laser Technology
14.3.8 Laser Photonics
14.3.9 Lumenis
14.3.10 Quanta System
14.3.11 Coherent
