Market World Laser Processing Market Outlook | Page 2

The products related to laser technology consist of fiber, gas and solid-state lasers. Gas segment consists of
nitrogen, copper, carbon monoxide, carbon dioxide, helium-neon and argon-ion lasers.
Solid state lasers are further divided into YAG or Nd lasers, Q-switched Nd lasers, small-diode pumped Nd, YVO4
lasers and large sized lasers in end or side pumped configuration. Manufacturers are benefitted by the use of
fiber lasers with their use in the manufacturing technology which acts as a driver fir the market.
Varied field applications in the fields such as aerospace, machine tools, automotive, medical and packaging is
estimated to fuel the global laser processing market over the forecast period.
Process Insights
Laser processing segment consists of marking and engraving, material processing and micro-processing. This
section comprises of all the major factors of laser and material processing involving implementation of laser
beam welding, hybrid processes, micro drilling, surface modifications, ablation of bulk material and coatings,
cutting & machining direct manufacturing and so on.
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Crude oil extraction that involves mainly mining and drilling activities is largely benefitted by laser technology.
Aerotech offers development in main areas such as mechanics, laser controls and controls. They also aid the
system integrators, OEMs, end users using processes such as cutting systems, marking, welding, etching and
marking systems.
Furthermore, the engagement of laser technology with water-jet cutting technology in smooth surface with
narrow cuts, increases the overall efficiency subsequently fuelling the market growth over next few years.
Application Insights
Application segment mainly includes OEMs, Automotive, electronics and microelectronics, aerospace, medical
and packaging. Rise in the rate of adoption of laser in various industrial applications such as cutting, welding,
drilling engraving and various material processing activities is expected to drive the market to new growth
heights in the next few years particularly due to extensive use of this technology as machine tools.
The ever increasing demand in the fields of microelectronics and medical sector is expected to drive laser
processing growth. Key role is played by the process of welding the medical applications primarily such as