NEW YORK, May 16, 2016 /PRNewswire/ -- This BCC Research report is an impact analysis of the industrial laser market. It includes factors currently driving and restraining growth in this market, as well as those that will have impacts on the future of the industry. Forecasts provided for 2015 through 2020.
Use this report to:
Understand opportunities and highlights of the innovation-driven industrial laser market and its major global regions.
Analyze various types of industrial lasers and determine the market dynamics of each type.
Identify segments with high growth potential and understand future end-use industries within these segments.
Examine region-specific developments in the market.
The global market for industrial lasers reached $4.3 billion in 2014. This market is projected to grow from nearly $4.6 billion in 2015 to $6.3 billion in 2020, representing a compound annual growth rate (CAGR) of 6.6% between 2015 and 2020.
The consumer electronics industry of this market will grow from nearly $1.5 billion in 2015 to $2.0 billion in 2020 at a CAGR of 6.1%.
The construction industry of this market will grow from $846.5 million in 2015 to nearly $1.2 billion in 2020 at a CAGR of 6.4%.
STUDY GOALS AND OBJECTIVES
This report is an impact analysis of the industrial laser market. It includes factors currently driving and restraining growth in this market, as well as those that will have impacts on the future of the industry. The goals and objectives of this report are:
To understand opportunities and highlights of the innovation-driven industrial laser market and its major global regions.
To analyze various types of industrial lasers and to determine the market dynamics of each one.
To identify segments with high growth potential and to understand future end-use industries within these segments.
To examine key trends and regional factors related to the types, applications and end-use industries that shape and influence the overall market for industrial lasers.
To examine region-specific developments in the market.
To identify and analyze the major stakeholders in the market and the competitive landscape for market leaders.
To analyze growth strategies of key players in the industrial laser market.
To analyze patent data where relevant.
REASONS FOR CONDUCTING THE STUDY
LASER is an acronym that stands for light amplification by stimulated emission of radiation. Laser waves have the property to travel across long distances with extremely low deviation. Lasers find applications across numerous industries, including entertainment and recreation, surveying and ranging. Industrial laser applications can be categorized into two broad segments: micro-material processing and material processing. Commercial laser applications include laser cutting, laser welding, laser drilling, laser marking, laser cladding and photolithography.
The industrial laser market is technology driven, and it is growing rapidly, with an increasing demand for improved production efficiency. Numerous players operating in the industrial laser market place their prime focus on research and development to provide cost-efficient solutions to the end users. The carbon dioxide and neodymium YAG lasers are major laser types currently being used, but the fiber and disk laser segments are expected to experience significant growth in the coming years. Thus, BCC Research considers the industrial laser sector an important area for study.
SCOPE OF REPORT
The industrial laser market is segmented into the following categories:
Type: Carbon l dioxide lasers, fiber lasers, Nd:YAG lasers, solid-state lasers and disk laser.
Application: Material processing, marking and engraving, semiconductors and micro-processing and additive manufacturing.
End users: Aerospace and defense, consumer electronics, construction, healthcare, and oil and gas.
Region: North America (i.e., the U.S., Canada, Mexico). Europe (i.e., the U.K., Germany, France, Italy, the rest of Europe), the Asia-Pacific region (i.e., India, China, Japan, South Korea, the rest of Asia-Pacific) and the Rest of the World (RoW) (i.e., the Middle East, Africa and Latin America, including Central and South America.
The lasers discussed are not used on the products themselves, but in the manufacture of the products. Lasers' ability to be used for high-quality athermal material processing is a major factor fueling their demand in the consumer electronics sector.
In addition to industry and competitive analysis of the industrial laser market, this report also includes a patent analysis and a listing of company profiles for key market players.
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