Market World Laser Processing Market Outlook | Page 3

implantable devices, pacemakers, surgical tools which involve non-porous and ultra-fine sterile surfaces which
are implemented in cardio logical processes.
Emerging applications in the fields of oil and gas and automotive sector will fuel the growth of laser technology
along with the increase in the usage of machine tools over the next few years. Moreover, high speeds offered
by laser cutting, improves the quality of cutting edges and provides the material in automotive segment with
low-heat operation.
Regional Insights
Largest market share was accounted by the Asia-Pacific region in the year 2015 consuming over 30% of overall
revenue. It is expected to witness substantial growth due to the rising number of OEMs in this region. Moreover,
key consumer of industrial laser and subsystems is expected to be China which is raising its applications in
material processing and micro processing.
Regulations set by governments that lay permanent and clear paths for the use of laser processing are also
expected to drive the growth of laser processing technology across several regions. Additionally, the growing
automotive sector in the European region with rising adoption of laser processing are expected to boost the
demand of this technology over the forecast period.
Competitive Insights
Few major global players present intense competition which essentially is the characteristic of the market. These
key players hold a majority of the market share. New product developments and research procedures are
undertaken by firms so that newer business opportunities are available in front of them.
Universal Laser Systems is the firm that provides products to the military branches and security agencies for
custom parts fabrication, asset management and other security and production uses. Naval bases, Air bases and
military bases all over the world use this technology. Major players in the market are LaserStar Technologies,
Amanda Co. Ltd., IPG Photonics Corporation and Newport Corporation.
Market Segment:
Laser Processing Product Outlook (Revenue, USD Million; 2014 - 2025)
• Gas Lasers
• Solid-state Lasers
• Fiber Lasers
• Others