Laser Plastic Welding Market Scope
Laser plastic welding is also referred to as through transmission welding. It is a process of bonding plastic using focused laser radiation. The process involved in laser plastic welding is very much different than traditional metal welding. The concept involves passing a focused laser beam through an upper, the laser transmissive part to be the interface of the two parts to be joined. The laser light is turned into heat energy as it is absorbed by the lower joining partner. The heat formed at the interface creates a molten weld seam and the two plastics are fused. The process relies on four main factors such as a laser transmissive layer, a laser absorbing layer, plastics material compatibility and good contact between the parts.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | TRUMPF GmbH + Co. KG (Germany), Han's Laser Technology Industry Group Co., Ltd (China), LPKF Laser & Electronics AG (Germany), Jenoptik AG (Germany), Emerson Electric Co. (United States), Nippon Avionics Co., Ltd. (Japan), Rofin Sinar Technologies Inc. (United States), Leister Technologies AG (Switzerland), Amada Miyachi Co. Ltd. (Japan) and DILAS Diodelaser GmbH (Germany) |
CAGR | 8.2% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Laser Plastic Welding market throughout the predicted period.
TRUMPF GmbH + Co. KG (Germany), Han's Laser Technology Industry Group Co., Ltd (China), LPKF Laser & Electronics AG (Germany), Jenoptik AG (Germany), Emerson Electric Co. (United States), Nippon Avionics Co., Ltd. (Japan), Rofin Sinar Technologies Inc. (United States), Leister Technologies AG (Switzerland), Amada Miyachi Co. Ltd. (Japan) and DILAS Diodelaser GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are CEMAS Elettra S.R.L. (Italy), Dukane IAS LLC (United States), Control Micro Systems, Inc. (United States), Bielomatik Leuze GmbH + Co. KG (Germany), O.R. Lasertechnology GmbH (United States), Seidensha Electronics Co., Ltd (Japan), Sahajanand Laser Technology Ltd. (India), Scantech Laser Pvt. Ltd. (India) and Wuhan Chuyu Optoelectronic Technology Co., Ltd. (China).
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 Plastic Welding market by Type , by Application (Components and Films) and Region with country level break-up.
On the basis of geography, the market of Laser Plastic Welding 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). Asia Pacific region held largest market share in the year 2023. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In September. 2018, Covestro, a leading adhesive manufacturing company has collaborated with Leister Technologies to develop laser welding solutions for electric vehicle battery enclosures. The solutions for new passenger vehicles, electric buses, trucks, and other utility vehicles.
In June 2018, Jenoptik, a leading laser plastic welding company has demonstrated the new laser material processing solutions for automotive production at LASYS 2018, the only international trade fair with a clear focus on laser material processing.
Influencing Trend:
The Rapid Use of Advanced Welding Technology
Market Growth Drivers:
The Rising Demand of Laser Plastic Welding From Automotive Sector and Increasing Consumer Preference for Aesthetically Compelling Products
Challenges:
The Growing Manufacturing Industries Worldwide
Restraints:
A High Cost of the Product
Opportunities:
The emergence of Industry 4.0, The Rising Demand from Emerging Countries and Rapid Technological Advancements
Key Target Audience
Laser Plastic Welding Manufacturers, Laser Plastic Welding Traders/Distributors, Laser Plastic Welding Importer/Exporter, Technology Investors, Regulatory Bodies, Government Bodies, Industry Association’s and Downstream Vendors