The laser processing market is estimated to grow from USD 6.40 billion in 2015 to USD 9.75 billion by 2022, at a CAGR of 6.13% from 2016 to 2022. This growth can be attributed to use of lasers in cutting, drilling, welding, and engraving for automobiles, mobile and other electronic devices, disk lasers, laser doping of solar cells and many other application areas. Diversified applications are as expected to drive the laser processing market. Complete report on laser processing market spread across 190 pages, profiling 10 companies and supported with 72 tables and 75 figures is now available at http://www.rnrmarketresearch.com/global-laser-processing-market-2013-2018-by-technology-co2-yag-fiber-laser-process-engraving-marking-cutting-drilling-application-electronics-machining-auto-signage-materi-market-report.html .
Solid lasers are expected to account for the largest share of the overall laser processing market during the forecast period. In addition, due to the increase in the demand for lasers from machine tools, microelectronics, and medical verticals, the laser processing market is expected to gain traction in the next six years. The laser processing technology market for defense, architecture, and automotive sectors is also expected to witness growth during the forecast period.
The laser processing market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The rapid adoption of laser systems in machine tools, microelectronics, and automotive sectors in this region and increase in the usage of solid, liquid, and gas lasers mainly CO2, fiber, excimer, YAG, and semiconductor are contributing to the growth of the laser processing market in APAC.
The laser processing market presents huge opportunities to flourish in the next five years due to the increasing demand for high-quality and genuine products. As part of the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people in the market. The break-up of profiles of primary participants is given below.
> By Company Type: Tier 1%–45%, Tier 2%–35% and Tier 3%–20%
> By Designation: C-level – 50%, Director Level – 35%, Others – 15%
> By Region: North America – 45%, Europe – 20%, APAC – 30%, RoW – 5%
The key players in the laser processing market include Coherent, Inc. (U.S.), IPG Photonics Corporation (U.S.), ROFIN-SINAR Technologies Inc. (U.S.), Trumpf Group (Germany), Newport Corporation (U.S.), Jenoptik AG (Germany), Eurolaser GmbH (Germany), Epilog Laser (U.S.), Alltec GmbH (Germany) and Lumentum Holdings Inc. (U.S.). Priced at $4650 for a single user PDF, Inquire Before Buying on “Laser Processing Market by Type (Solid, Liquid, Gas, & Others), Application (Cutting, Welding, Drilling, Marking & Engraving, & Others), Vertical (Machine Tools, Microelectronics, Medical, Automotive, & Others) & Geography - Global Forecasts to 2022” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=91993 .
On a related note, another research titled Automotive Semiconductor Market Global Forecast to 2022 says, the automotive semiconductor market was valued at USD 32.46 billion in 2015 and is expected to reach USD 48.78 billion by 2022, at a CAGR of 5.8% between 2016 and 2022. North America expected to bathe fastest-growing region of the automotive semiconductor market during the forecast period. Companies like NXP Semiconductors N.V. (Netherlands), Rennes’s Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), ROHM Co., Ltd. (Japan), Toshiba Corp. (Japan), and Analog Devices Inc. (U.S.) have been profiled in this 188 pages research report available at http://www.rnrmarketresearch.com/automotive-semiconductor-market-by-component-processor-analog-ic-discrete-power-sensor-memory-vehicle-type-fuel-type-application-powertrain-safety-body-electronics-chassis-telematics-and-infotainme-st-to-2022-market-report.html .
Explore more reports on Electronics market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics .
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