Market Overview:
The global laser drilling device 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 laser drilling devices in various applications, such as aerospace, automotive, electronic, chemical and others. In terms of type, the YAG laser drilling device segment is expected to lead the global market during the forecast period. This can be attributed to its high efficiency and low cost as compared to other types of lasers used for drilling purposes.
Product Definition:
A laser drilling device is a tool that uses lasers to create small holes in objects. Laser drilling devices are often used in manufacturing and construction industries to create holes in metal or plastic objects.
YAG Laser Drilling Device:
The YAG laser drilling device is a high-powered diode lasers used for creating micro-pulses or trains of micro-pulses in the material to be drilled. The device can drill up to 10 meters deep and up to 1 meter wide holes with high accuracy. It uses an advanced optical technology that provides highly efficient drilling performance while reducing the overall drilling time significantly as compared to other conventional technologies such as rotary blade or impact driver method.
Fiber Laser Drilling Device:
The fiber laser drilling device is a tool that emits light which is used to drill holes in materials such as glass, ceramics, plastics and other composites. It works on the basis of semiconductor-based optical fibers which are made up of plastic or glass core covered with a protective layer of aluminum. The emitted light beam has high power density and can cut through any material like butter.
Application Insights:
The aerospace industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this industry can be attributed to increasing demand for passenger travel and military aircraft, which has resulted in an increased need for laser drilling devices.
The automotive industry is also expected to register a notable growth rate during the forecast period owing to rising sales of vehicles across various regions including Asia Pacific and North America. Laser technology helps reduce vehicle weight, thus improving fuel efficiency as well as reducing CO2 emissions. This factor is anticipated to drive the demand for these devices over the coming years within this sector.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed significant growth in key industries such as aerospace, automotive, construction, electronics and others. Factors such as low labor costs along with easy availability of raw materials have attracted numerous players to set up their manufacturing facilities in this region which is anticipated to boost demand for laser drilling devices over the forecast period.
The Asia Pacific was followed by Europe that accounted for a revenue share of more than 20% in 2017 owing to high demand from countries including Germany, Italy and France among others. These countries are involved with various large-scale infrastructure projects including motorway widening schemes or railway track constructions wherein they require huge volumes of drilled holes at short notice which is expected drive regional market growth over the next eight years.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Laser drilling devices are ideally suited for use in minimally invasive surgeries as they offer high precision and accuracy while causing minimal damage to the surrounding tissue.
- Growing popularity of laser-assisted surgery: Laser-assisted surgery is a newer technology that uses lasers to assist in surgical procedures. This technology offers several advantages over traditional surgical methods, such as improved accuracy and visualization, reduced bleeding and scarring, and shortened healing times. As this technology gains increasing acceptance among surgeons worldwide, the demand for laser drilling devices is also likely to increase correspondingly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Drilling Device Market Research Report
By Type
YAG Laser Drilling Device, Fiber Laser Drilling Device, CO2 Laser Drilling Device
By Application
Aerospace Industry, Automotive Industry, Electronic Industry, Chemical Industry, Others
By Companies
JK lasers, Resonetics, Laserage Technology, EDAC Technologies, Scantech Laser, Lenox Laser, Rofin-Sinar Technologies, Newport Corporation, IPG Photonics Corporation, Coherent, Winbro, Han's Laser, LG 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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Laser Drilling Device Market Report Segments:
The global Laser Drilling Device market is segmented on the basis of:
Types
YAG Laser Drilling Device, Fiber Laser Drilling Device, CO2 Laser Drilling Device
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
Aerospace Industry, Automotive Industry, Electronic Industry, Chemical Industry, 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:
- JK lasers
- Resonetics
- Laserage Technology
- EDAC Technologies
- Scantech Laser
- Lenox Laser
- Rofin-Sinar Technologies
- Newport Corporation
- IPG Photonics Corporation
- Coherent
- Winbro
- Han's Laser
- LG Laser
Highlights of The Laser Drilling Device 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:
- YAG Laser Drilling Device
- Fiber Laser Drilling Device
- CO2 Laser Drilling Device
- By Application:
- Aerospace Industry
- Automotive Industry
- Electronic Industry
- Chemical Industry
- 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 Laser Drilling Device 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?
A laser drilling device is a machine that uses lasers to create holes in materials.
Some of the major companies in the laser drilling device market are JK lasers, Resonetics, Laserage Technology, EDAC Technologies, Scantech Laser, Lenox Laser, Rofin-Sinar Technologies, Newport Corporation, IPG Photonics Corporation, Coherent, Winbro, Han's Laser, LG Laser.
The laser drilling device market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laser Drilling Device 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. Laser Drilling Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laser Drilling Device Market - Supply Chain
4.5. Global Laser Drilling Device Market Forecast
4.5.1. Laser Drilling Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laser Drilling Device Market Size (000 Units) and Y-o-Y Growth
4.5.3. Laser Drilling Device Market Absolute $ Opportunity
5. Global Laser Drilling Device 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. Laser Drilling Device Market Size and Volume Forecast by Type
5.3.1. YAG Laser Drilling Device
5.3.2. Fiber Laser Drilling Device
5.3.3. CO2 Laser Drilling Device
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Laser Drilling Device 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. Laser Drilling Device Market Size and Volume Forecast by Application
6.3.1. Aerospace Industry
6.3.2. Automotive Industry
6.3.3. Electronic Industry
6.3.4. Chemical Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Laser Drilling Device 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. Laser Drilling Device 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 Laser Drilling Device 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. Laser Drilling Device 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 Laser Drilling Device Demand Share Forecast, 2019-2026
9. North America Laser Drilling Device 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 Laser Drilling Device 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 Laser Drilling Device Market Size and Volume Forecast by Application
9.4.1. Aerospace Industry
9.4.2. Automotive Industry
9.4.3. Electronic Industry
9.4.4. Chemical Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Laser Drilling Device Market Size and Volume Forecast by Type
9.7.1. YAG Laser Drilling Device
9.7.2. Fiber Laser Drilling Device
9.7.3. CO2 Laser Drilling Device
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 Laser Drilling Device Demand Share Forecast, 2019-2026
10. Latin America Laser Drilling Device 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 Laser Drilling Device 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 Laser Drilling Device Market Size and Volume Forecast by Application
10.4.1. Aerospace Industry
10.4.2. Automotive Industry
10.4.3. Electronic Industry
10.4.4. Chemical Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Laser Drilling Device Market Size and Volume Forecast by Type
10.7.1. YAG Laser Drilling Device
10.7.2. Fiber Laser Drilling Device
10.7.3. CO2 Laser Drilling Device
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 Laser Drilling Device Demand Share Forecast, 2019-2026
11. Europe Laser Drilling Device 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 Laser Drilling Device 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 Laser Drilling Device Market Size and Volume Forecast by Application
11.4.1. Aerospace Industry
11.4.2. Automotive Industry
11.4.3. Electronic Industry
11.4.4. Chemical Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Laser Drilling Device Market Size and Volume Forecast by Type
11.7.1. YAG Laser Drilling Device
11.7.2. Fiber Laser Drilling Device
11.7.3. C2 Laser Drilling Device
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 Laser Drilling Device Demand Share, 2019-2026
12. Asia Pacific Laser Drilling Device 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 Laser Drilling Device 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 Laser Drilling Device Market Size and Volume Forecast by Application
12.4.1. Aerospace Industry
12.4.2. Automotive Industry
12.4.3. Electronic Industry
12.4.4. Chemical Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Laser Drilling Device Market Size and Volume Forecast by Type
12.7.1. YAG Laser Drilling Device
12.7.2. Fiber Laser Drilling Device
12.7.3. CO2 Laser Drilling Device
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 Laser Drilling Device Demand Share, 2019-2026
13. Middle East & Africa Laser Drilling Device 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 Laser Drilling Device 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 Laser Drilling Device Market Size and Volume Forecast by Application
13.4.1. Aerospace Industry
13.4.2. Automotive Industry
13.4.3. Electronic Industry
13.4.4. Chemical Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Laser Drilling Device Market Size and Volume Forecast by Type
13.7.1. YAG Laser Drilling Device
13.7.2. Fiber Laser Drilling Device
13.7.3. CO2 Laser Drilling Device
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 Laser Drilling Device Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Laser Drilling Device Market: Market Share Analysis
14.2. Laser Drilling Device Distributors and Customers
14.3. Laser Drilling Device Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. JK lasers
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Resonetics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Laserage Technology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. EDAC Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Scantech Laser
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lenox Laser
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rofin-Sinar Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Newport Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. IPG Photonics Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Coherent
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Winbro
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Han's Laser
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LG Laser
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
