The global industrial lasers systems market reached a value of US$ 18.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 29.96 Billion by 2027, exhibiting a CAGR of 8.30% during 2022-2027.
Industrial lasers systems are mechanical instruments that function as single-wavelength high-energy light sources. They comprise a controller, filter, rotary device, galvanometer, gain medium, energy source, and mirrors that amplify the protons. They also consist of laser sources and embedded controls used as part of manufacturing tools in an industrial setting. These systems can generate a clear beam of light from the medium of regulated shape, size and purity using molecules or atoms and stimulated emission.
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The global industrial lasers systems market is primarily driven by the increasing adoption of lasers for custom markings and engravings.
Besides this, the rising trend of automation in industries, such as electronics, sheet metal processing, semiconductors, automotive, food and beverage, and medical devices, for high efficiency, improved productivity, and accuracy is also fueling market growth. In addition, industrial laser systems are used for communication, material processing, cutting, welding, engraving, brazing, marking and lithography.
Furthermore, technological advancements in the industrial environment like industrial automation, industrial robots, and 3D printing, along with the advent of Industry 4.0 and the Industrial Internet of things (IIoT), are also anticipated to facilitate market growth in the upcoming years.
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Global Industrial Lasers Systems Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ACSYS Lasertechnik US Inc., Amonics Ltd., Coherent Inc., Han’s Laser Technology Industry Group Co. Ltd, II-VI Incorporated, IPG Photonics Corporation, Jenoptik Laser GmbH, Lumibird Group, Newport Corporation (MKS Instruments Inc.), NKT Photonics A/S, Toptica Photonics AG and TRUMPF.
Breakup by End Use Industry:
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