A Comprehensive Study on the Laser Processing Market: Size, Trends, and Future Outlook till 2025

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The Global Laser Processing Market Size is
projected to grow from USD 4.0 billion in 2020 to
USD 5.8 billion by 2025 it is projected to
record a CAGR of 7.8 during the forecast period.
The Laser Processing Industrys Growth is
driven mainly by the growing preference of
end-user industries for laser-based material
processing over traditional approaches,
increasing demand for high-quality and genuine
end-products, rising demand for miniaturization
of microelectronic devices, and surging
technological advancements in the medical sector.
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Solid lasers to witness highest CAGR during
forecast period The solid lasers segment is
projected to record the highest CAGR in the Laser
Processing Market from 2020 to 2025. Solid lasers
prevent the wastage of materials in the active
medium and produce both continuous and pulsed
output with high efficiency. These lasers have
numerous applications, such as drilling holes in
metals, endoscopy in medical, and targeting in
military.
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Laser Revenue to witness higher CAGR during
forecast period The laser revenue segment is
projected to record a higher CAGR in the Laser
Processing Market from 2020 to 2025. Laser
revenue covers the revenue generated from the
sales of several types of lasers, such as YAG
laser, semiconductor laser, thin-disk laser, ruby
laser, fiber laser, X-ray laser, dye laser,
excimer laser, argon laser, chemical laser, and
helium-neon laser, for processing
applications. Get PDF Brochure _at_
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Moving beam configuration to witness highest CAGR
during forecast period The moving beam
configuration segment is projected to record the
highest CAGR in the Laser Processing Market from
2020 to 2025. In laser machines with moving beam
configuration, the cutting head with the laser
beam moves over the material in both X and Y
axes. This eradicates the need for continuous
material clamping as the dynamics are not
affected by the variable workpiece size. These
machines are ideal for the cutting of thin
workpieces as they are fast.
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Advanced processing application to witness
highest CAGR during forecast period The advanced
processing application is projected to record the
highest CAGR in the laser processing market from
2020 to 2025. Lasers have witnessed new
application opportunities in the field of
additive manufacturing, such as cladding and 3D
printing. Particularly, CO2 and fiber lasers have
seen an increased level of adoption in the
additive manufacturing sector, owing to which
many companies are focusing on additive
manufacturing. Speak To Analyst _at_
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Architecture End-User Industry to witness highest
CAGR during forecast period The architecture
end-user industry is projected to record the
highest CAGR in the Laser Processing Market from
2020 to 2025. Lasers help architects in creating
precise models of buildings. These models are
capable of accurately representing the design
prior to construction, so that the necessary
changes can be made to remove flaws or avoid the
effect of climatic conditions, such as rain,
heavy storms, and other unavoidable natural
circumstances.
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Laser processing market in APAC is projected to
grow at highest CAGR during forecast period The
Laser Processing Market in APAC is projected to
grow at the highest CAGR during the forecast
period. The major countries contributing to the
market in APAC include China, Japan, South Korea,
and India. APAC has been ahead in terms of the
adoption of laser processing solutions as
compared with other regions. High population
density, rise in RD investments in technologies,
and growth of the manufacturing and electronics
sectors are expected to drive the growth of the
Laser Processing Market in the region.
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Key Players Key Players Operating in the Laser
Processing Market include Coherent (US), Trumpf
(Germany), Hans Laser (China), IPG Photonics
(US), Jenoptik (Germany), Lumentum (US),
Gravotech (France), LaserStar (US), Lumibird
(France), and Epilog Laser (US). Most of these
companies focus on organic and inorganic growth
strategies, such as product launches
developments, mergers acquisitions, agreements,
contracts, partnerships, collaborations, and
expansions, to increase their revenue. Browse
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