QYResearch forecasts that the laser processing market to grow from USD 3.12 Billion in 2016 to USD 5.26 Billion by 2022
Qyresearch forecasts that the laser processing market to grow from USD 3.12 Billion in 2016 to USD 5.26 Billion by 2022, at a CAGR of 9.13% from 2016 to 2022. The major factors driving the growth of this market include diversified application areas of lasers, adoption of lasers for material processing, increased demand for high-quality and genuine end products, and miniaturization of electronic devices. In addition, the rising demand for laser processing systems in the medical sector is expected to propel the growth of the laser processing market in the next five years. www.qyresearchglobal.com
Qyresearch forecasts that the laser processing market to grow from USD 3.12 Billion in 2016 to USD 5.26 Billion by 2022, at a CAGR of 9.13% from 2016 to 2022. The major factors driving the growth of this market include diversified application areas of lasers, adoption of lasers for material processing, increased demand for high-quality and genuine end products, and miniaturization of electronic devices. In addition, the rising demand for laser processing systems in the medical sector is expected to propel the growth of the laser processing market in the next five years. www.qyresearchglobal.com
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Some of <strong>the</strong> major players <strong>in</strong> <strong>the</strong> <strong>laser</strong> <strong>process<strong>in</strong>g</strong> <strong>market</strong> are Coherent, Inc. (U.S.), IPG<br />
Pho<strong>to</strong>nics Corporation (U.S.), ROFIN-SINAR Technologies Inc. (U.S.), Trumpf Group<br />
(Germany), Newport Corporation (U.S.), Jenoptik AG (Germany), Euro<strong>laser</strong> GmbH (Germany),<br />
Epilog Laser (U.S.), Alltec GmbH (Germany), and Lumentum Hold<strong>in</strong>gs Inc. (U.S.). These<br />
players adopted various strategies such as new product developments, mergers & acquisitions,<br />
partnerships, collaborations, and expansions <strong>to</strong> <strong>grow</strong> <strong>in</strong> <strong>the</strong> <strong>laser</strong> <strong>process<strong>in</strong>g</strong> <strong>market</strong>.<br />
Although sales of Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es brought a lot of opportunities, <strong>the</strong> study group<br />
recommends <strong>the</strong> new entrants just hav<strong>in</strong>g money but without technical advantage and<br />
downstream support do not <strong>to</strong> enter <strong>in</strong><strong>to</strong> <strong>the</strong> Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es field. As large demand of<br />
high-end products at home and abroad, many companies began <strong>to</strong> enter <strong>the</strong> field of high-end.<br />
Currently, <strong>the</strong> Ch<strong>in</strong>ese Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es <strong>in</strong>dustry is not only beg<strong>in</strong> <strong>to</strong> transit <strong>to</strong> high-end<br />
Laser Cutt<strong>in</strong>g Mach<strong>in</strong>es products, while still extend <strong>in</strong> <strong>the</strong> resource-rich land and downstream<br />
<strong>in</strong>dustry cha<strong>in</strong>.<br />
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