Market Overview:
The global high power lasers 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 high power lasers in various applications such as cutting, welding, drilling and surface treatment. In addition, the growing demand for laser-based systems in medical and defense applications is also contributing to the growth of this market. On the basis of type, CO2 lasers accounted for a major share of the global high power lasers market in 2017. This can be attributed to their widespread use across various industries such as automotive, aerospace & defense and medical & dental sectors.
Product Definition:
High power lasers are devices that produce a laser beam with a high level of power. The importance of high power lasers lies in their ability to deliver large amounts of energy in a short amount of time. This makes them ideal for use in applications such as cutting and welding, where they can be used to quickly and efficiently heat up materials.
CO2 Lasers:
CO2 lasers are gas-filled laser tubes that operate at a very specific wavelength. The CO2 laser operates at a wavelength of 635 nm and has the ability to deliver high power densities in small package sizes. This makes it an ideal solution for applications such as barcode reading, optical discs, printing, etc., which require high power density in small package sizes.
The growth factor responsible for the increasing demand for CO2 lasers is its compact size.
Solid-State Lasers:
Solid-state lasers are semiconductor devices that produce light by the stimulated emission of radiation. They are smaller, faster, and cheaper than gas-discharge or chemical lasers.
Application Insights:
The high power lasers market by application is segmented into cutting, welding, drilling, surface treatment and others. Cutting was the dominant application in 2017 owing to its increasing adoption in industrial applications such as metal cutting machines. The demand for high-powered lasers has witnessed a rise due to their rising adoption across various industries such as automotive and aerospace. Welding is expected to be the fastest growing segment over the forecast period owing to its extensive use in construction activities such as pipe fitting and structural steel welding among other applications including shipbuilding and offshore oil & gas production platforms.
High power laser systems are used for drilling operations on account of their ability to cut through tough materials with ease while providing precise cuts at a desired speed without any human intervention required during drilling operations thus reducing down time or downtime significantly lowering costs associated with it which eventually benefits end-users or customers positively resulting in higher penetration rates of these systems thereby driving growth further over the projected period of time.
Regional Analysis:
North America dominated the global high power lasers market in 2017. The growth can be attributed to increasing research & development activities and rising demand for industrial robots across various industries in the region. Moreover, growing automation and technological advancements are expected to drive demand for high-power lasers over the forecast period.
The Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid industrialization coupled with increasing government initiatives pertaining to use of advanced technologies such as laser technology for various applications including cutting, drilling, surface treatment and so on. Furthermore, availability of raw materials such as neodymium which is a key ingredient used in manufacturing solid-state lasers along with low labor cost makes this region an attractive place for industry players looking forward making investments here.
Growth Factors:
- Increasing demand for laser-based systems in industrial and medical applications
- Rising demand for lasers from the defense sector
- Growing popularity of laser-based hair removal and skin treatments
- Proliferation of low-cost, high power lasers
- Technological advancements in laser technology
Scope Of The Report
Report Attributes
Report Details
Report Title
High Power Lasers Market Research Report
By Type
CO2 Lasers, Solid-State Lasers, Fiber Lasers
By Application
Cutting, Welding, Drilling, Surface Treatment
By Companies
IPG Photonics, TRUMPF, Rofin, Coherent, nLIGHT, Prima, FANUC, Lumentum, Bystronic Laser, Wuhan Raycus, Han’s 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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global High Power Lasers Market Report Segments:
The global High Power Lasers market is segmented on the basis of:
Types
CO2 Lasers, Solid-State Lasers, Fiber Lasers
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, Drilling, Surface Treatment
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
- TRUMPF
- Rofin
- Coherent
- nLIGHT
- Prima
- FANUC
- Lumentum
- Bystronic Laser
- Wuhan Raycus
- Han’s Laser
Highlights of The High Power 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:
- CO2 Lasers
- Solid-State Lasers
- Fiber Lasers
- By Application:
- Cutting
- Welding
- Drilling
- Surface Treatment
- 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 High Power 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.
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?
High power lasers are the most powerful type of laser. They have a very high output and can be used for many different applications.
Some of the key players operating in the high power lasers market are IPG Photonics, TRUMPF, Rofin, Coherent, nLIGHT, Prima, FANUC, Lumentum, Bystronic Laser, Wuhan Raycus, Han¢â‚¬â„¢s Laser.
The high power lasers market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Power Lasers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Power Lasers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Power Lasers Market - Supply Chain
4.5. Global High Power Lasers Market Forecast
4.5.1. High Power Lasers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Power Lasers Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Power Lasers Market Absolute $ Opportunity
5. Global High Power Lasers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Power Lasers Market Size and Volume Forecast by Type
5.3.1. CO2 Lasers
5.3.2. Solid-State Lasers
5.3.3. Fiber Lasers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Power Lasers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Power Lasers Market Size and Volume Forecast by Application
6.3.1. Cutting
6.3.2. Welding
6.3.3. Drilling
6.3.4. Surface Treatment
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Power Lasers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Power Lasers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Power Lasers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Power Lasers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Power Lasers Demand Share Forecast, 2019-2026
9. North America High Power Lasers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Power Lasers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Power Lasers Market Size and Volume Forecast by Application
9.4.1. Cutting
9.4.2. Welding
9.4.3. Drilling
9.4.4. Surface Treatment
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Power Lasers Market Size and Volume Forecast by Type
9.7.1. CO2 Lasers
9.7.2. Solid-State Lasers
9.7.3. Fiber Lasers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Power Lasers Demand Share Forecast, 2019-2026
10. Latin America High Power Lasers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Power Lasers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Power Lasers Market Size and Volume Forecast by Application
10.4.1. Cutting
10.4.2. Welding
10.4.3. Drilling
10.4.4. Surface Treatment
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Power Lasers Market Size and Volume Forecast by Type
10.7.1. CO2 Lasers
10.7.2. Solid-State Lasers
10.7.3. Fiber Lasers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Power Lasers Demand Share Forecast, 2019-2026
11. Europe High Power Lasers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Power Lasers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Power Lasers Market Size and Volume Forecast by Application
11.4.1. Cutting
11.4.2. Welding
11.4.3. Drilling
11.4.4. Surface Treatment
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Power Lasers Market Size and Volume Forecast by Type
11.7.1. CO2 Lasers
11.7.2. Solid-State Lasers
11.7.3. Fiber Lasers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Power Lasers Demand Share, 2019-2026
12. Asia Pacific High Power Lasers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Power Lasers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Power Lasers Market Size and Volume Forecast by Application
12.4.1. Cutting
12.4.2. Welding
12.4.3. Drilling
12.4.4. Surface Treatment
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Power Lasers Market Size and Volume Forecast by Type
12.7.1. CO2 Lasers
12.7.2. Solid-State Lasers
12.7.3. Fiber Lasers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Power Lasers Demand Share, 2019-2026
13. Middle East & Africa High Power Lasers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Power Lasers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Power Lasers Market Size and Volume Forecast by Application
13.4.1. Cutting
13.4.2. Welding
13.4.3. Drilling
13.4.4. Surface Treatment
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Power Lasers Market Size and Volume Forecast by Type
13.7.1. CO2 Lasers
13.7.2. Solid-State Lasers
13.7.3. Fiber Lasers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Power Lasers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Power Lasers Market: Market Share Analysis
14.2. High Power Lasers Distributors and Customers
14.3. High Power Lasers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IPG Photonics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. TRUMPF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rofin
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Coherent
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. nLIGHT
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Prima
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. FANUC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lumentum
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bystronic Laser
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Wuhan Raycus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hans Laser
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
