Press release
Laser Processing Market worth USD 8226.87 million by 2027
The Market Statsville Group (MSG) publishes the new report on the "Laser Processing Market by Product (Gas Lasers, Solid State Lasers, and Fiber Lasers), by Process (Material Processing, Marking & Engraving, and Micro-Processing), by Application (Automotive, Aerospace, Machine Tools, Electronics & Microelectronics, Medical, and Packaging), and by Region - Global Trends, Market Share, and Forecast to 2027". The global laser processing market was valued at USD 4991.2 million in 2020 to USD 8226.87 million by 2027, at a CAGR of 7.4% from 2021 to 2027. Laser processing technology is widely being used in consumer electronics. Laser engraving or laser marking, for low cost and low power consumption, is used in consumer electronic manufacturing processes. Lasers can also be used for the production of mobile phones. For instance, pulsed lasers cut keypad penetrations & holes and also trim deep-drawn housing on a 3D laser processing system.
Request Sample Copy of this Report: https://www.marketstatsville.com/request-sample/laser-processing-market
Furthermore, lithium-ion batteries are welded by pulsed lasers. Additionally, the plastic cover (for protecting the display) is also fastened by lasers onto phones. Laser processing technology enables high-speed, clean, accurate, and damage-free operations, thus resulting in its increased adoption. In addition, laser technology provides a permanent marking on electronic equipment, consumer goods, and other products. Due to government regulations pertaining to clear marking on consumer products, including pharmaceuticals, food, and others, laser processing is anticipated to be extensively espoused for marking & engraving purposes. In the semiconductor manufacturing process, material processing is predominantly done with lasers. The surging demand for speed and precision is the key driver for the adoption of laser technology in this sector. The miniaturization of electronic goods is carried out in this process itself. Applications in the semiconductor industry range from the marking & separating of finished components and wafers to defect analysis.
Global Laser Processing Market Segmentation
The overall laser processing market has been segmented into the product, process, application, and region.
By Product (Gas Lasers, Solid State Lasers, and Fiber Lasers)
By Process (Material Processing, Marking & Engraving, and Micro-Processing)
By Application (Automotive, Aerospace, Machine Tools, Electronics & Microelectronics, Medical, and Packaging)
By Region (US, Mexico, Canada, Germany, France, UK, Italy, Spain, China, India, South Korea, Japan, Southeast Asia, Australia, Saudi Arabia, Peru, South Africa, Qatar, UK, Nigeria, Israel, Brazil, Argentina)
Material Processing, by process, is estimated to hold the largest market share during the forecast period
Direct Purchase Report: https://www.marketstatsville.com/buy-now/laser-processing-market?opt=2950
Based on the process, the global laser processing market has been segmented into material processing, marking & engraving, and micro-processing. In 2020, Material Processing accounted for the largest market share of 41.1% in the global laser processing market.
In the semiconductor manufacturing process, material processing is predominantly done with lasers. Surging demand for speed and precision is key driver for laser technology espousal in this sector. Laser Material Processing modifies the shape or appearance of a material by using laser energy. This approach of material modification has several benefits, including the ability to modify designs fast, make items without retooling, and increase the quality of completed products. Another advantage of laser material processing is that it is compatible with a wide range of materials. Non-metals such as ceramics, composites, plastics/polymers, and adhesives are compatible with metals such as aluminum, iron, stainless steel, and titanium.
Don't miss out on business opportunities in Laser Processing Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.
North America accounts for the largest market share during the forecast period in the laser processing market
Based on the regions, the global laser processing market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America was accounted for the highest market share of 41.1% in the global laser processing market and was anticipated to maintain its dominance throughout the forecast period, followed by Europe and the Asia Pacific.
Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/laser-processing-market
Growing concerns about power shortage and programmed power cuts due to the rising electricity demand and the excessive loss of electrical energy have instigated manufacturers to increase the capacity and install reliable electronic equipment & components for a safe & efficient power supply. Further, the growing urbanization in the U.S. and Canada has led to increased electricity consumption, which is expected to drive the installation of electric equipment in this region.
Some of the major companies that operate in the global laser processing market are Coherent, Trumpf, Han's Laser, IPG Photonics, Jenoptik, Lumentum, Gravotech, LaserStar, Lumibird, and Epilog Laser, Alltec, Alpha Nov Lase, Amada Co., Ltd, Bystronic Laser AG, Coherent, Inc., Eurolaser GmbH, Han's Laser Technology Co. Ltd, and Epilog Laser, Inc.
Browse complete report: https://www.marketstatsville.com/laser-processing-market
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Contact US:
Eric Martin
800 Third Avenue Suite A #1519
New York, NY 10022
+1 (646) 663-5829 | India: +91-702-496-8807
Email: sales@marketstatsville.com
MSG Blog https://marketstatsvilleblogs.com/
Web: https://marketstatsville.com/
About US:
Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.
We the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact.
Request Sample Copy of this Report: https://www.marketstatsville.com/request-sample/laser-processing-market
Furthermore, lithium-ion batteries are welded by pulsed lasers. Additionally, the plastic cover (for protecting the display) is also fastened by lasers onto phones. Laser processing technology enables high-speed, clean, accurate, and damage-free operations, thus resulting in its increased adoption. In addition, laser technology provides a permanent marking on electronic equipment, consumer goods, and other products. Due to government regulations pertaining to clear marking on consumer products, including pharmaceuticals, food, and others, laser processing is anticipated to be extensively espoused for marking & engraving purposes. In the semiconductor manufacturing process, material processing is predominantly done with lasers. The surging demand for speed and precision is the key driver for the adoption of laser technology in this sector. The miniaturization of electronic goods is carried out in this process itself. Applications in the semiconductor industry range from the marking & separating of finished components and wafers to defect analysis.
Global Laser Processing Market Segmentation
The overall laser processing market has been segmented into the product, process, application, and region.
By Product (Gas Lasers, Solid State Lasers, and Fiber Lasers)
By Process (Material Processing, Marking & Engraving, and Micro-Processing)
By Application (Automotive, Aerospace, Machine Tools, Electronics & Microelectronics, Medical, and Packaging)
By Region (US, Mexico, Canada, Germany, France, UK, Italy, Spain, China, India, South Korea, Japan, Southeast Asia, Australia, Saudi Arabia, Peru, South Africa, Qatar, UK, Nigeria, Israel, Brazil, Argentina)
Material Processing, by process, is estimated to hold the largest market share during the forecast period
Direct Purchase Report: https://www.marketstatsville.com/buy-now/laser-processing-market?opt=2950
Based on the process, the global laser processing market has been segmented into material processing, marking & engraving, and micro-processing. In 2020, Material Processing accounted for the largest market share of 41.1% in the global laser processing market.
In the semiconductor manufacturing process, material processing is predominantly done with lasers. Surging demand for speed and precision is key driver for laser technology espousal in this sector. Laser Material Processing modifies the shape or appearance of a material by using laser energy. This approach of material modification has several benefits, including the ability to modify designs fast, make items without retooling, and increase the quality of completed products. Another advantage of laser material processing is that it is compatible with a wide range of materials. Non-metals such as ceramics, composites, plastics/polymers, and adhesives are compatible with metals such as aluminum, iron, stainless steel, and titanium.
Don't miss out on business opportunities in Laser Processing Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.
North America accounts for the largest market share during the forecast period in the laser processing market
Based on the regions, the global laser processing market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America was accounted for the highest market share of 41.1% in the global laser processing market and was anticipated to maintain its dominance throughout the forecast period, followed by Europe and the Asia Pacific.
Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/laser-processing-market
Growing concerns about power shortage and programmed power cuts due to the rising electricity demand and the excessive loss of electrical energy have instigated manufacturers to increase the capacity and install reliable electronic equipment & components for a safe & efficient power supply. Further, the growing urbanization in the U.S. and Canada has led to increased electricity consumption, which is expected to drive the installation of electric equipment in this region.
Some of the major companies that operate in the global laser processing market are Coherent, Trumpf, Han's Laser, IPG Photonics, Jenoptik, Lumentum, Gravotech, LaserStar, Lumibird, and Epilog Laser, Alltec, Alpha Nov Lase, Amada Co., Ltd, Bystronic Laser AG, Coherent, Inc., Eurolaser GmbH, Han's Laser Technology Co. Ltd, and Epilog Laser, Inc.
Browse complete report: https://www.marketstatsville.com/laser-processing-market
Related Reports
Hand Drying Machine Market : https://www.marketstatsville.com/hand-drying-machine-market
Near Field Communication Market : https://www.marketstatsville.com/near-field-communication-market
Outdoor LED Display Market : https://www.marketstatsville.com/outdoor-led-display-market
Contact US:
Eric Martin
800 Third Avenue Suite A #1519
New York, NY 10022
+1 (646) 663-5829 | India: +91-702-496-8807
Email: sales@marketstatsville.com
MSG Blog https://marketstatsvilleblogs.com/
Web: https://marketstatsville.com/
About US:
Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.
We the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact.
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