Market Overview:
The global industrial laser system 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 industrial lasers for various applications such as cutting, welding, non-metal processing, additive manufacturing and others. Additionally, the growing demand for miniaturized and high-power lasers is also contributing to the growth of this market.
Product Definition:
An industrial laser system is a laser system that is used in an industrial setting. Industrial lasers are used for a variety of purposes, including welding, cutting, and marking.
Macro Processing:
Macro processing is the integration of micro and nano technologies on a larger scale. It includes techniques such as integrated manufacturing, wherein the components are manufactured in an integrated fashion from a single material or device. The technology has been around for quite some time; however, it has only recently started to gain widespread acceptance due to its ability to reduce costs and complexities associated with micro-scale electronics fabrication processes.
Micro Processing:
Micro processing is the utilization of very small components in a system to perform complicated tasks. In industrial laser systems, micro processing is used for cutting and welding applications. The smaller the component, the more precise can be its operation. Micro processors are used in various equipment such as CNC machines, robots or automated machinery to make them work efficiently and effectively.
Application Insights:
The welding application segment accounted for the largest market share in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030. The growth can be attributed to the increasing demand for high-precision components across various industries such as automotive, aerospace and defense, etc. In addition, rising demand for carbon steel sheet welder in developing countries including India, China and Brazil is expected to drive the global industrial laser system market over the forecast period.
The additive manufacturing or 3D printing segment is anticipated to witness considerable growth during the forecast period owing to its ability provide high-quality output with low consumption of material as compared with other conventional technologies used in additive manufacturing applications such as metal cutting machines or Stereolithography (SLA).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, and Japan. These countries are experiencing strong economic growth owing to various factors such as low labor cost, high population density along with rapid urbanization and industrialization. Moreover, these countries have a huge demand for industrial laser systems due to their rapidly expanding manufacturing sector across numerous industries including automotive; aerospace & defense; electronics & electrical equipment; pharmaceuticals & medical devices; food processing & packaging etc.
The Asia Pacific regional market will be driven by growing investments from key players in developing nations of this region coupled with rising adoption of 3D printing technology across end-use industries for producing parts using additive manufacturing process (AM).
Growth Factors:
- Increasing demand for laser systems from the automotive and electronics industries
- Growing popularity of industrial lasers for micromachining applications
- Rising demand for laser systems in medical and dental procedures
- Proliferation of fiber-optic lasers in industrial settings
- Advances in laser technology that improve performance and reduce costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Laser System Market Research Report
By Type
Macro Processing, Micro Processing
By Application
Cutting, Welding, Non-metal Processing, Additive Manufacturing, Others
By Companies
Apollo Instruments Inc., Coherent Inc., IPG Photonics, Jenoptik Laser GmbH, CY Laser, NKT Photonics, Amonics, LUMIBIRD, Trumpf, TOPTICA Photonics AG, LIMO GmbH, Kern Laser Systems, LasX Industries, Osela Inc., Opt Lasers, RMI Laser, Z-Laser
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
188
Number of Tables & Figures
132
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Laser System Market Report Segments:
The global Industrial Laser System market is segmented on the basis of:
Types
Macro Processing, Micro Processing
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
Cutting, Welding, Non-metal Processing, Additive Manufacturing, 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:
- Apollo Instruments Inc.
- Coherent Inc.
- IPG Photonics
- Jenoptik Laser GmbH
- CY Laser
- NKT Photonics
- Amonics
- LUMIBIRD
- Trumpf
- TOPTICA Photonics AG
- LIMO GmbH
- Kern Laser Systems
- LasX Industries
- Osela Inc.
- Opt Lasers
- RMI Laser
- Z-Laser
Highlights of The Industrial Laser System 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:
- Macro Processing
- Micro Processing
- By Application:
- Cutting
- Welding
- Non-metal Processing
- Additive Manufacturing
- 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 Industrial Laser System 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?
Industrial laser systems are used in a variety of industrial applications, such as welding, cutting and machining. They use powerful lasers to cut or weld metal objects quickly and easily.
Some of the major players in the industrial laser system market are Apollo Instruments Inc., Coherent Inc., IPG Photonics, Jenoptik Laser GmbH, CY Laser, NKT Photonics, Amonics, LUMIBIRD, Trumpf, TOPTICA Photonics AG, LIMO GmbH, Kern Laser Systems, LasX Industries, Osela Inc., Opt Lasers, RMI Laser, Z-Laser.
The industrial laser system 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 Industrial Laser System 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 Industrial Laser System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Laser System 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 Industrial Laser System 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 Industrial Laser System Market Size & Forecast, 2020-2028
4.5.1 Industrial Laser System Market Size and Y-o-Y Growth
4.5.2 Industrial Laser System 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 Macro Processing
5.2.2 Micro Processing
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 Cutting
6.2.2 Welding
6.2.3 Non-metal Processing
6.2.4 Additive Manufacturing
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Laser System 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 Industrial Laser System 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 Macro Processing
9.6.2 Micro Processing
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 Cutting
9.10.2 Welding
9.10.3 Non-metal Processing
9.10.4 Additive Manufacturing
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 Macro Processing
10.6.2 Micro Processing
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 Cutting
10.10.2 Welding
10.10.3 Non-metal Processing
10.10.4 Additive Manufacturing
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 Macro Processing
11.6.2 Micro Processing
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 Cutting
11.10.2 Welding
11.10.3 Non-metal Processing
11.10.4 Additive Manufacturing
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 Macro Processing
12.6.2 Micro Processing
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 Cutting
12.10.2 Welding
12.10.3 Non-metal Processing
12.10.4 Additive Manufacturing
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 Macro Processing
13.6.2 Micro Processing
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 Cutting
13.10.2 Welding
13.10.3 Non-metal Processing
13.10.4 Additive Manufacturing
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 Industrial Laser System Market: Competitive Dashboard
14.2 Global Industrial Laser System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apollo Instruments Inc.
14.3.2 Coherent Inc.
14.3.3 IPG Photonics
14.3.4 Jenoptik Laser GmbH
14.3.5 CY Laser
14.3.6 NKT Photonics
14.3.7 Amonics
14.3.8 LUMIBIRD
14.3.9 Trumpf
14.3.10 TOPTICA Photonics AG
14.3.11 LIMO GmbH
14.3.12 Kern Laser Systems
14.3.13 LasX Industries
14.3.14 Osela Inc.
14.3.15 Opt Lasers
14.3.16 RMI Laser
14.3.17 Z-Laser
