Laser Cutting Market Worth $3.77 Billion by 2018

According to a new market research report "Laser Cutting, Drilling, Marking and Engraving Market by Technology (Co2 Laser, Excimer Laser, ND: YAG Laser, Fiber Laser); Base Material (Metals, Polymers); Application (Electronics, Machine Part Marking, Medical, Signage) & Geography - (2013 - 2018)", the value of Laser Cutting Market was $2.08 billion in 2012 and is expected to reach $3.77 billion in 2018, at an estimated CAGR of 9.71% from 2013 to 2018.

The laser processing market segmentation revolves around five major verticals; technology, process, machine configuration, industry vertical, and geography. Each of the verticals is further segmented into individual sub-segments. The industry vertical segment covers major applications such as aerospace, architecture, automobile, commercial, consumer electronics, general machine tooling, and semiconductor & electronics. Revenue grossed from all the applications mentioned above totaled to approximately $2 billion. Apart from the demand side market drivers, the report also analyzes the supply side drivers. One of the major supply side market drivers is the emergence of BSI technology.

The laser processing market analyses and includes the datasets for lasers, which is not to be confused with the laser systems. The report includes only the laser source market and not the entire laser system or laser machine market. Nevertheless, the report gives a technology-wise comparison of laser sources and laser systems. In 2012, the total laser source revenue for processing market was approximately 29% of the total laser system revenue for the same application.

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The technology segmentation includes various laser types such as CO2 lasers, excimer lasers, solid state lasers, fiber lasers, and semiconductor lasers. The technology market is also divided according to the gain medium used in the laser. Three types, gas, solid, and semiconductor gain mediums are considered for the analysis. Total market is fragmented into four regions; North America, Europe, APAC, and ROW. APAC region is further broken in China, Japan, South Korea, and Rest of the APAC.

Apart from outclassing mechanical tools in every comparison, the Laser Cutting Market is experiencing a positive growth trend because of the boost from the government bodies, regulatory bodies, and associations of various kinds. Federal Aviation Administration (FAA) making it compulsory to have wires and parts to laser marked or Food and Drug Administration (FDA) pushing manufacturers to mark equipments and drug packages are just few examples of the growing usage of laser material processing techniques. Along with such drivers, the report analyses restraints and opportunities pertaining to the Laser Material Processing.

The report also segments the market by various economic pockets such as; North America, Europe, APAC, and ROW. Further, major countries contributing to the market are analyzed with detailed representation of value and volume data. Apart from the quantitative data, the report also includes qualitative data analysis by the use of various tools and models. Porters five force analysis, value chain analysis, price trend analysis, market dynamics, burning issues, and winning imperatives are few of the analysis models used.

Competitive landscape, along with the recent developments in laser processing market is also discussed in the report. The major companies covered in the report are; Epilog Laser (U.S.), Universal Laser Systems (U.S.), Trotec Laser, Inc (U.S.), Needham-laser (U.K.), SEI Laser (Italy), Eurolaser (Germany), LaserStar (U.S.), and Xenetech Global, Inc (U.S.).

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