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Global Industrial Laser Market 2017-2021

  • Published: Oct 2017
  • Pages: 97
  • SKU: IRTNTR15417
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This market research study identifies Coherent, IPG Photonics, ROFIN-SINAR Technologies, and TRUMPF as the leading players in the global industrial laser market. A comprehensive analysis of this market is also presented by application (materials processing and semiconductor), by product (fiber laser, CO₂ laser, and solid-state laser), and by geography (the Americas, APAC, and EMEA).

Overview of the global industrial laser market

Engraving, bonding, etching, and carbon migration are the different types of product markings. This helps in tracing the materials that were used in manufactured products. It has been observed that many governments and companies use the permanent laser marking technique to trace the products throughout their life cycle. Technavio’s market research report identifies that the increasing need for product marking to offer better traceability will be one of the primary growth drivers for the global industrial laser market till 2021. The manufacturing sector highly mandates product marking to maintain the stock of components on different machines and simplify the inventory management. The product marking with manufacturing details and serial number will further increase because the US government has also implemented item unique identification (IUID). This drives the need for fiber laser for metal engraving, annealing, and high contrast plastic markings. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 7% by 2021.

The global industrial laser market is witnessing growth in APAC due to the presence of major semiconductor foundries, fabless semiconductor companies, and consumer electronic device manufacturers in the region. The market will continue to grow in the region in the forthcoming years due to the high concentration of light-emitting diode/organic light-emitting diode (LED/OLED) and photovoltaic (PV) cell manufacturers in APAC.

Competitive landscape and key vendors

The industrial laser market is highly fragmented and characterized by the presence of well-diversified international, regional, and local vendors. Vendors with the majority of market shares have a wide geographical presence irrespective of their market capitalization. Vendors of the laser marking machine market are increasingly competing against each other based on factors such as the cost, performance, product innovation, service, and support.

Key vendors in this market are -

  • Coherent
  • IPG Photonics
  • ROFIN-SINAR Technologies
  • TRUMPF

Other prominent vendors in the market include 3S Photonics, Active Fiber Systems, AdValue Photonics, Amonics, Apollo Instruments, Calmar Laser, Clark MXR, EKSPLA, ELUXI, Eolite Lasers, FANUC, FiberLAST, Furukawa Electric, Gbos Laser, Hypertherm, Han's Laser Technology, IMRA America, JDS Uniphase, JENOPTIK, JK Lasers, Keopsys, Laserglow Technologies, Lumentum Operations, Lumenis, Maxphotonics, MITSUBISHI CABLE INDUSTRIES, Amada Miyachi, Newport (subsidiary of MKS), NKT Photonics, Nufern, Nuphoton Technologies, Photonics Industries International, Photonic Solutions, PolarOnyx, Prima Electro North America, Quanta System, Quantel Group, Synrad, TOPTICA Photonics, and Wuhan Raycus Fiber Laser Technologies.

Segmentation by application and analysis of the industrial laser market

  • Materials processing
  • Semiconductor

The material processing segment comprises of cutting and welding, marking and engraving, and automotive applications. The major contributor to the material processing segment is the high-power applications such as cutting and welding applications, which includes processing of materials like steel, brass, aluminum, copper, glass, and plastics. This drives the need for laser etching machine, laser engraving machine, laser cutting machine, and fiber laser welding machine. Also, they lower the operating and maintenance costs and provide a non-contact process.

Segmentation by product and analysis of the industrial laser market

  • Fiber laser
  • CO laser
  • Solid-state laser

Several companies are extensively using fiber lasers in their production line because they produce high beam intensity that is up to 100 times higher than that of CO laser. The adoption of these lasers benefit end-users by minimizing the need for maintenance with the high-beam quality, lowering prices per watt, and reducing the power consumption. This in turn, will boost the demand for fiber lasers throughout the projected period.

Key questions answered in the report include

  • What will the industrial laser market size and the growth rate be in 2021?
  • What are the key factors driving the global industrial laser market?
  • What are the key industrial laser market trends impacting the growth of the market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global industrial laser market?
  • What are the market opportunities and threats faced by the vendors in the global industrial laser market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global industrial laser market?

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline
  • Working of lasers

PART 05: MARKET LANDSCAPE

  • Market overview
  • Lasers and applications
  • Market size and forecast
  • Five forces analysis

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Materials processing
  • Semiconductor

PART 07: MARKET SEGMENTATION BY PRODUCT

  • Fiber laser
  • CO₂ laser
  • Solid-state laser

PART 08: REGIONAL LANDSCAPE

  • Geographical segmentation
  • Regional comparison
  • APAC – market size & forecast
  • EMEA – market size & forecast
  • Americas – market size & forecast
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increase in the number of M&A
  • Miniaturization of electronic devices
  • Product differentiation through technological innovation
  • Emergence of fourth industrial revolution (FIR)

PART 12: VENDOR LANDSCAPE

  • Competitive scenario
  • Key vendors
  • Other prominent vendors

PART 13: APPENDIX

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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