About Industrial Laser Systems
The global industrial laser systems market is expected to grow at a healthy growth rate during the forecast period, according to the AMA study. Industrial laser systems are the laser systems used for different types of industrial operations such as materials cutting, welding, marking, and fabrication operations for cost-effective finishing of products during the manufacturing process. Industrial laser systems provide advantages such as high strength, consistency, precision, complex joints handling, and low heat applications for cost-effective production in industrial operations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The global industrial laser systems market is moderately fragmented with the presence of more than 100 players across the world, according to the AMA study. The vendors are focusing to develop innovative products and solutions to cater to different requirements of end-use industry verticals across the world. For instance, in 2018, LasX and BDT announced the launch of the SRTP (Sheet/Roll-to-Part) system incorporating the TPF line of feeders wherein SRTP is a digital finishing system that is driven by LasX's LaserSharp control software fully automated with the laser and robotics. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Laser Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LaserStar Technologies Corporation (United States), LasX Industries, Inc. (United States), Trotec Laser GmbH (Austria), Laserline GmbH (Germany), Industrial Laser Systems (France), LNALaser (United States), AdTech Optics (United States), RMI Laser (United States), Virtek Vision International (Canada), HAI TECH LASERS, INC. (United States), BYSTRONIC (Switzerland), Quantum Composers Inc. (United States), Coherent, Inc. (United States) and IPG Photonics Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Mazak Optonics Corporation (United States), Newport Corporation (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Laser Systems market by Type (CO2 Laser, Neodymium laser and Neodymium Yttrium-Aluminium-Garnet Laser), Application (Brazing, Marking {2D, 3D}, Cladding, Cutting and Welding {Metal, Plastic}) and Region.
On the basis of geography, the market of Industrial Laser Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Solid-State Lasers will boost the Industrial Laser Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Fabrication Industry will boost the Industrial Laser Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power, the sub-segment i.e. High Power will boost the Industrial Laser Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Composite Materials Across Different Applications Such as Aircraft and Automobile Production
Market Growth Drivers:
Growing Demand for Lightweight Components & Low-Cost Fabrication in Aerospace Industry to Cater to Rising Aircraft Production Worldwide, Rising Demand for Laser Cutting & Welding of Composite Parts in Automotive Industry due to Increasing Global Automobile Production Specifically for Commercial Vehicles and Increasing Demand for Reducing Waste and Minimize Labor Cost & Handling Propelling the Growth for Industrial Laser Systems Globally
Challenges:
The Requirement of Close Fitting Joints Due to Focused Spot Size of Laser Beam in Welding Operations
Opportunities:
Opportunities to Diversify Into High Growth Regions Such as Asia Pacific Owing to Countries Such as China, India, Singapore, Taiwan, and South Korea
Market Leaders and their expansionary development strategies
In January 2020, TRUMPF Group acquired GLOphotonics, a French laser technology company focused on hollow-core fibers.
In August 2019, LasX and Grafotronic signed a strategic alliance wherein LasX will integrate its LaserSharp Processing Modules into Grafotronic's fully modular digital converting line, which will enable both the companies to deliver world-class finishing solutions to the label market
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.