Laser Processing Market Size, Share, Growth and Forecast Report to 2027

Laser processing technology provides speed & high accuracy for various industrial processes as compared to conventional processing methods. This is non-contact processes, which delivers clean and damage free processes. This technology is widely used across industry verticals such as Packaging, Medical, Electronics and Microelectronics, Machine Tools, Aerospace, and Automotive.

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Rise in usage of lasers in processing materials is the key driving factor which is expected to boost the global laser processing market growth. Furthermore, rise in adoption of this technology in industrial & manufacturing sectors will have the positive impact on market growth. Moreover, government rules and regulations concerning the application of this technology in the marking and engraving of products will favorably impact on market growth during this forecast period. In addition to that, increase in demand for this technology across a broad range of applications welding, cutting, marking, engraving, comprising, and drilling will fuel the market growth.

However, high deployment cost is the major restraining factor which is expected to hamper the global laser processing market growth. Also, lack of qualified personnel will affect the market growth.

Market Key Players

Various market players are discussed in this report such as Alltec GmbH, IPG Photonics Corporation, Epilog Laser, Jenoptik AG, Newport Corporation, Rofin-Sinar Technologies Inc, Eurolaser GmbH, Trumpf Group, Lumentum Holdings Inc., and Coherent, Inc.

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Market Taxonomy

By Product

Solid-state
Gas
Fiber
Others

By Process

Micro-processing
Marking and Engraving
Material Processing

By Application

Packaging
Medical
Electronics and Microelectronics
Machine Tools
Aerospace
Automotive

By Region

North America
Latin America
Europe
Asia pacific
Middle East & Africa

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