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The laser PCB drilling market share in APAC is expected to increase by USD 297.82 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.55%.
This laser PCB drilling market in APAC research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the laser PCB drilling market in APAC segmentation by application (consumer electronics, communications, automotive, and others) and geography (China, Taiwan, South Korea (Republic of Korea), and the Rest of APAC). The laser PCB drilling market in APAC report also offers information on several market vendors, including Fittech Co. Ltd., Hans Laser Technology Industry Group Co. Ltd., Hitachi High-Technologies Corp., LPKF Laser and Electronics AG, Mitsubishi Electric Corp., MKS Instruments Inc., Orbotech Ltd., Schmoll Asia Pacific, Sumitomo Heavy Industries Ltd., and Via Mechanics Ltd. among others.
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The growing benefits of laser drilling over conventional drilling is notably driving the laser PCB drilling market growth in APAC, although factors such as availability of alternative tools may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laser PCB drilling industry in APAC. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Laser PCB Drilling Market Driver in APAC
One of the key factors driving the laser PCB drilling market growth in APAC is the growing benefits of laser drilling over conventional drillings such as no contact with the surface, minimal distortion, and ease in automation. One of the key advantages of laser PCB drilling is its ability to automate the process, which helps in increasing the overall production output. Furthermore, laser drilling can produce holes with high aspect ratios (depth-to-width), for example, 30:1 easily. The small, tightly controlled laser beam permits highly accurate micro-drilling of PCB components. Other advantages such as rapid cooling will further accelerate the rate of adoption of laser drilling in PCB applications, positively impact the growth of the market in focus during the forecast period.
Key Laser PCB Drilling Market Trend in APAC
Another key factor driving the laser PCB drilling market growth in APAC is the technological innovations in laser processing. The use of different types of materials and the increasing number of SMEs in the PCB fabrication industry have propelled the demand for compact laser drilling machines. Vendors are focusing on offering compact laser processing machines that require minimal space for installation and still offer 3D profiling capabilities. End-users rely on metal fabrication tools, such as laser drilling machines, for precision drilling, but the development of compact laser drilling machines has aided them not only in drilling different types of parts with higher efficiency but also in reducing the carbon footprint on the shop floor. The increasing awareness and growing need for compact laser drilling machines from SMEs will attract a large number of vendors during the forecast period.
Key Laser PCB Drilling Market Challenge in APAC
One of the key challenges to the laser PCB drilling market growth in APAC is the availability of alternative tools and technologies such as waterjet machining. The excessive heat generated during the drilling process in laser machines may hamper their applications, especially in heat-sensitive and heat-resistant materials, such as plastic, foam products, wood, stainless steel, titanium, and Hastelloy. Waterjet drilling does not create a burr or heat-affected zone (HAZ), unlike laser PCB drilling machines, thereby saving costs on undertaking secondary operations such as polishing and restoration. Therefore, the ability of waterjet drilling machines to cut heat-sensitive and heat-resistant materials precisely without generating heat has increased their popularity among end-user industries, which will be a challenge to the laser PCB drilling market growth in the forecast period.
This laser PCB drilling market in APAC analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the laser PCB drilling market in APAC as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laser PCB drilling market in APAC during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the laser PCB drilling market in APAC encompasses successful business strategies deployed by the key vendors. The laser PCB drilling market in APAC is fragmented and the vendors are deploying growth strategies such as the introduction of new products to compete in the market.
Hans Laser Technology Industry Group Co. Ltd. - The company offers solutions for laser PCB drilling that are used to process the metal with high reflection, such as Al, Copper, Metal and Silver High integration density, compact structure, and small size, under the brand name of HansLaser.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The laser PCB drilling market in APAC forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the laser PCB drilling market in APAC, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global industrial machinery market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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