Lasers for Industrial Applications: Global Markets

Report Highlights

The global market for industrial laser reached $4.3 billion in 2014. This market is projected to grow from about nearly $4.6 billion in 2015 to $6.3 billion in 2020, representing a compound annual growth rate (CAGR) of 6.6% between 2015 and 2020.

Report Includes

• An overview of the global market for lasers used in industrial applications.
• Analyses of global market trends, with data from 2014, 2015, and projections of CAGRs through 2020.
• Coverage of lasers including carbon dioxide, Nd:YAG, fiber, disc and direct diode.
• A breakdown of application segments, including medical, precision cutting, continuous and spot welding, cladding, drilling, bending, engraving, sintering, soldering, laser scribing, optical pumping, test and measurement, remote sensing, coherent laser radar, interferometry, materials channelization, and photonic doppler velocitemetry.
• A separate examination of the surrounding equipment market, including hardware, software, optical fiber cable, and chillers.
• Profiles of major players in the industry.

Report Scope

The industrial laser market is segmented into the following categories:

• Type: Carbon dioxide lasers, fiber lasers, Nd:YAG lasers, solid-state lasers and disk laser.
• Application: Material processing, marking and engraving, semiconductors and micro-processing and additive manufacturing.
• End users: Aerospace and defense, consumer electronics, construction, healthcare, and oil and gas.
• Region: North America (i.e., the U.S., Canada, Mexico). Europe (i.e., the U.K., Germany, France, Italy, the rest of Europe), the Asia-Pacific region (i.e., India, China, Japan, South Korea, the rest of Asia-Pacific) and the Rest of the World (RoW) (i.e., the Middle East, Africa and Latin America, including Central and South America.

The lasers discussed are not used on the products themselves, but in the manufacture of the products. Lasers’ ability to be used for high-quality athermal material processing is a major factor fueling their demand in the consumer electronics sector.

In addition to industry and competitive analysis of the industrial laser market, this report also includes a patent analysis and a listing of company profiles for key market players.

Analyst Credentials

Sinha G. Gaurav, research analyst, holds an MBA in finance from ICFAI Business School, Hyderabad (India), and a bachelor's degree in electrical engineering from Rajasthan University (India). He has worked in almost all domains across the market research industry. He has 11 years of experience in the fields of market research and investment banking. His primary focus is in healthcare, chemicals, electronics, finance and database designing. His publications include subjects such as quantum dots, IT in healthcare, alternative data, ultrafast lasers, inorganic polymers, waste management, factory automation and Voxel, among others.