The global laser processing market is expected to reach USD 23 billion by 2025, according to a new report by Radiant insights, inc. The rising utilization of expensive laser-drilling technique for oil & gas exploration purposes is projected to substitute the traditional techniques. Decreasing drilling costs are anticipated to increase the feasibility of uneconomic oil deposits; thus, positively impacting market growth. The growing need for this type of processing, in industrial solar modules, is further expected to fuel the laser processing market growth.

The requirement for laser technology in the medical sector is projected to witness a significant growth, owing to the increasing technological advancements. These technical developments offer faster recovery time, smaller incisions, and lesser pain. The increasing adoption of these methodologies is expected to spur the demand for surgical lasers. Advancements, leading to enhanced edge quality & cutting speeds, are anticipated to offer higher avenues to the laser processing market.

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Further key findings from the report suggest:

Fiber lasers are projected to exhibit a significant growth with a CAGR exceeding 10.0% from 2016 to 2025, as they are widely used across several end-use industries and are highly cost-effective, compared to the other products

The material processing segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding 9%, which can be accredited to the ability of lasers to perform high-speed & accurate industrial processes

The Asia Pacific region emerged as the fastest-growing region and is expected to witness a CAGR of over 10%, owing to the rising number of OEMs in this region

The key purveyors of this industry are Trumpf, Han’s Laser Technology Industry Group Co., Ltd., Amada Co., Ltd., and Rofin-Sinar Technologies, Inc., among others. Industry participants focus on technology advancements and innovation to capture market share.

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Table of Content

Chapter 1 Methodology and Scope

1.1 Research Process

1.1.1 Information procurement

1.1.2 Purchased database

1.1.3 GVR’s internal database

1.2 Research Methodology

1.3 Geographic Scope

1.4 Research Scope & Assumptions

1.5 List of Data Sources

Chapter 2 Executive Summary

2.1 Laser Processing Regional Marketplace: Key Takeaways

Chapter 3 Laser Processing: Market Variables, Trends & Scope

3.1 Market Trends & Outlook

3.2 Laser Processing – Market Segmentation & Scope

3.2.1 Market definitions

3.3 Laser Processing – Market Size and Growth Prospects

3.4 Laser Processing – Value Chain Analysis

3.5 Laser Processing – Market Dynamics

3.5.1 Market driver analysis Increasing demand in industrial & medical applications Miniaturization of electronic goods

3.5.2 Market restraint/challenge analysis High cost of ownership

3.6 Laser Processing – Penetration & Growth Prospect Mapping

3.7 Laser Processing – Industry Analysis – Porter’s

3.8 Laser Processing – Company Market Share Analysis, 2015

3.9 Laser Processing – PEST Analysis

Chapter 4 Laser Processing: Product Estimates & Trend Analysis

4.1 Global Laser Processing Share by Product, 2015 & 2025

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About Radiant Insights

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