Global Industrial Laser Market Size

Facts and Factors have published a new research report titled “Industrial Laser Market by Product Type (CO2 Laser, Fiber Laser, Solid-State Laser, and Others), By Power Type (High, Medium, Low), By Application (Marking, Micro-Materials, and Macro-Materials) for Aerospace, Automotive, Electronics and Semiconductors, Medical, Food Textile, Construction, Utility, and Others: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020-2026”.Get more news about Industrial Laser Marker,you can vist our website!

“According to the research study, the global Industrial Laser Market was estimated at USD 4.05 Billion in 2019 and is expected to reach USD 7.26 Billion by 2026. The global Industrial Laser Market is expected to grow at a compound annual growth rate (CAGR) of 8.7% from 2019 to 2026”.

The laser is the amplified stimulated emission of radiation. Laser rays are the divergent beam of radiation that helps in micro and nanomaterial processing. They are frequently used by metal fabricators, manufacturers, and other industrial operators for welding, cutting, engraving, boring, etching, and other metal processes. The CO2 laser is the commonly used gas laser that has vast application areas including metal processing, soft-tissue surgery, and others. The laser can be classified based on its discharge material that includes, gas, solid-state, chemical, dye, metal-vapor, semiconductor, and others.
Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.

Some of the high impact rendering drivers for the industrial laser market is large investment along with ongoing research and development in high-performance laser technology. However, regulatory compliances related to laser application is hindering the market growth. Nevertheless, the growing application of fiber laser is expected to propel the market in the coming years.

The global industrial laser market is segmented based on product type, power type, application, end-user, and region. By product type, the market is classified into CO2 laser, fiber laser, solid-state laser, and others. Fiber laser held the largest market share in 2019 owing to its notable application in research and development, heavy industries, and other industries. Fiber laser produces nanosensor pulses and high peak power that is used for industrial marking and engraving applications. On the basis of power type, the global industrial laser market is divided into high(more than 1KW), medium(100W to 1KW), and low(1W to 100W). Marking, micromaterials, and macro materials are the applications of the global industrial laser market. Micro materials are the fastest-growing application segment. By end-user, the market is bifurcated into aerospace, automotive, electronics and semiconductors, medical, food textile, construction, utility, and others.