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2022 Global Laser Processing Market Will Reach 9.75 Billion US Dollars
- Oct 19, 2016 -

2022 global laser processing market will reach 9.75 billion US dollars

According to the latest market research report "2016-2022 global laser processing market forecast" shows that by 2022, the global laser processing market is expected to reach 9.75 billion US dollars, during the period of 2016-2022 to achieve a compound annual growth rate of 6.13%. With the rapidly growing of applications of carbon dioxide lasers, fiber lasers,dye lasers,excimer lasers and YAG lasers , a series of solid and gas lasers, which are widely used in the fields of cutting, drilling, marking and engraving, and lasers In the diversified vertical segment market continues to improve the level of demand, these factors are driving the laser processing market, the steady development and growth.

The laser processing market is mainly based on curing lasers, liquid lasers, gas lasers and other types of lasers. Today, laser-based, semiconductor and YAG-type lasers are widely used in cutting, drilling, welding, marking and engraving applications, and the laser processing market is being led by solid-state lasers. At the same time, these lasers in the machine, microelectronic devices, automobiles, medical and many other sub-sectors of the application requirements and the proportion of straight up.

As lasers are increasingly used in industrial applications such as cutting, drilling, welding and engraving, it is expected that during the forecast period, the product is expected to gain the largest market share in the machine segment. In addition, from 2016 to 2022, the building segmentation industry is expected to achieve the highest growth rate in the laser processing market, as the lasers enable architects to obtain precisely cut materials to determine the accuracy of buildings and other necessary modeling components size.

During the forecast period, the Asia-Pacific region is expected to occupy the largest share of the global laser processing market. This is because the laser system in these areas is being applied to more and more industrial areas. The Asia-Pacific region also offers potential growth opportunities for the laser processing market, as the use of solid, gas and liquid laser products such as CO2, excimer, YAG, semiconductors and dyes continues to improve in industry applications such as machine tools and microelectronics. These industries often use laser systems frequently in cutting, drilling, welding, micromachining, marking, engraving and other similar operations.