Laser Welder Market Scope
Laser welders are used to weld or to join pieces or parts of metal or thermoplastics with the help of laser, the laser beam provides the intensive heat source on narrow spots so that the area absorbs the light and becomes energetic. As a result of this, the electrons get hiked up to the extent where the material starts melting and bonds to the other piece. They are widely used in the automotive industry and many other industries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Emerson (United States), Dukane Corporation (United States), Herrmann Ultrasonics (United States), FRIMO Inc. (United States), Coherent-Rofin (Germany), Sunstone Engineering LLC (Orion Welders) (United States), FARO Technologies Inc. (United States), TRUMPF Group (Germany), Amada Miyachi Co. Ltd. (Japan), Nippon Avionics Co. Ltd (Japan) and Stuller Inc. (United States) |
CAGR | 4.7% |
Leading key players of the speed control valve are focusing on strategic partnerships to improve their products and services and also focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Laser Welder market throughout the predicted period.
Emerson (United States), Dukane Corporation (United States), Herrmann Ultrasonics (United States), FRIMO Inc. (United States), Coherent-Rofin (Germany), Sunstone Engineering LLC (Orion Welders) (United States), FARO Technologies Inc. (United States), TRUMPF Group (Germany), Amada Miyachi Co. Ltd. (Japan), Nippon Avionics Co. Ltd (Japan) and Stuller Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Kuka AG (Germany), ESAB (United States) and Manufacturing Technology, Inc. (MTI) (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Laser Welder market by Type , by Application (Spot and Seam Welding, Laser Deposit Welding, Scanner Welding, Tube and Profile Welding and Others) and Region with country level break-up.
On the basis of geography, the market of Laser Welder 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In November 2203, Miller Electric Mfg. LLC, a leading worldwide manufacturer of arc welding products, and IPG Photonics Corporation (NASDAQ: IPGP), a global leader in fiber laser technology, today announced a strategic technology partnership with a goal to further promote laser solutions for handheld welding applications.
On 24th June 2022, SmartWeld+ launched the add-on for Coherent StarFiber laser welder that delivers dramatically improved results, particularly when welding dissimilar or otherwise challenging materials, such as aluminum and copper. Specifically, for dissimilar materials, it improves the blending of the melt pool for a better metallurgical bond and more consistent results. When welding highly reflective or volatile materials, SmartWeld+ increases process stability and reduces spatter, porosity and cracking, because it produces lower viscosity and reduced surface tension in the melt pool.
European classification societies have prepared 'Guidelines for the approval of CO2 laser welding'
Influencing Trend:
Surging Demand for Diode Laser Welder Machine and The emergence of Automation in Laser Welding machines
Market Growth Drivers:
Growing Demand for Fast and Efficient Productivity in Automotive Manufacturing Industry and Increasing Demand for Non-Contact Welding Medical Devices from the Healthcare Sector
Challenges:
Absence of Highly Skilled Professionals to Operate Laser Welder
Restraints:
High Initial Investment Cost Involved with Laser Welder Machine Might Hinder the Market and Safety Related Concerns Associated with Laser Welder
Opportunities:
Emerging Electic Vehicle Market is Boosting the Demand for Laser Welder and Innovation in Laser Welding Technology
Key Target Audience
Laser Welder Manufacturers, Laser Welder International Traders, Laser Welder Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Upstream and Downstream buyers, Potential Investors and Others