Global Laser Processing Market 2022-2026

Global Laser Processing Market 2022-2026

Technavio has been monitoring the laser processing market and it is poised to grow by $ 2.45 bn during 2022-2026, progressing at a CAGR of 8.41% during the forecast period. Our report on the laser processing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing benefits of laser welding over conventional welding and growing investment in the aerospace and defense industry. In addition, growing benefits of laser welding over conventional welding is anticipated to boost the growth of the market as well.

The laser processing market analysis includes the type segment and geographic landscape.

Technavio's laser processing market is segmented as below:

By Type

• Gas
• Solid-state
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• MEA
• South America

This study identifies the growing adoption of solid state laser processingas one of the prime reasons driving the laser processing market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on laser processing market covers the following areas:

• Laser processing market sizing
• Laser processing market forecast
• Laser processing market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading laser processing market vendors that include Coherent Inc., Jenoptik AG, Epilog Corp., Gravotech Engineering Pvt Ltd, LUMIBIRD, Hans Laser TechnoloLumentum Holdings Inc., gy Industry Group Co. Ltd., IPG Photonics Corp., Laserstar Technologies Corp., and TRUMPF GmbH + Co. KG. Also, the laser processing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Coherent Inc., Jenoptik AG, Epilog Corp., Gravotech Engineering Pvt Ltd, LUMIBIRD, Hans Laser TechnoloLumentum Holdings Inc., gy Industry Group Co. Ltd., IPG Photonics Corp., , Laserstar Technologies Corp., , TRUMPF GmbH + Co. KG