UV laser or ultraviolet laser is a device that emits the light in the UV range. It emits shorter wavelengths than blue lasers which is capable of generating a data capacity 20 times as dense as the current Blu-ray lasers. It has high beam quality, short wavelengths, and high peak power. It is especially appropriate for cutting and marking of the soft & hard joint board, hard plate, soft plate and its accessories. It has become the mainstream workhorse in an industrial revolution. It is primarily been used in advanced research and development (R&D) and industrial manufacturing. It is also used in medical and biotechnology markets that require sterilization & disinfectant devices that require light sources from within the wavelength of ultraviolet. It offers extremely high photon energy which opens up an extensive range of applications that can’t be addressed by visible &infrared laser sources. It is highly suitable for scientific or industrial uses as well as Original equipment manufacturer (OEM) applications and other projects that require micro-precision machining. It is also used in cosmetic dentistry generally to facilitate chemical bonding & bleaching of organic enamels and other procedures.
According to the study, “Global UV Lasers Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024” the key companies operating in the global UV lasers market areHan's Laser, FOBA (ALLTEC), Schmidt, Telesis Technologies, Gravotech, Universal Laser Systems, Videojet Technologies, Trumpf, TYKMA Electrox, Keyence, LaserStar Technologies Corporation, Trotec, Lasit Systems, and Electrooptics Technologies, Rofin, SIC Marking, Epilog Laser, Jinan Style Machinery, Huagong Tech, Tianhong laser, Amada, SUNIC LASER, Mecco.
Based on type, the UV lasers market is segmented into semiconductor type, solid-state type, and others. Based on capacity type, market is segmented into 0-30W, 30-50W and above 50W. Based on distribution channel, market is segmented into the offline channels and online channels. Based on material type, the market is segmented into metal and non-metal. Based on application, the market is segmented into marking, cutting (PCB cutting, FPC cutting, and glass cutting)& drilling and others. In addition, based on end-use industries, the market is segmented into an automotive, medical device, electronics, packaging, precision instruments, piping, and others.
The UV lasers market is driven by growth in technological advancements, followed by a rise in R&D activities, and profitable growth in the machine tools industry, packaging industry, and the automotive industry. However, the high cost of UV and the availabilities of substitutes may impact the market. Moreover, growth in the development of emerging countries and spurring of individual spending is a key opportunity for the market. Furthermore, the rise in the shift towards flexible circuit over traditional mechanical the method is a key trend for the market.
Based on geography, the North-American the region holds the major share in UV lasers market owing to the increase in applications in various industries and the presence of large manufacturers in the region. Whereas, the European and Asian-Pacific regions are anticipated to witness higher growth rate due to an increase in urbanization and growth in disposable income over the forecast period. The global market is projected to grow at a CAGR of approximately 10.0% over the next five years, will reach the US $400 million in 2024, from the US $230 million in 2019.
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Ankur Gupta, Head Marketing & Communications