Laser Cutting Machines Market Size to Reach $6.72 Billion By 2024by AmrutaDP · December 27 Wholesale Zane Gonzalez Jersey , 2019

The globallaser cutting machines marketis expected to reach USD 6.72 billion by 2024, according to a new report by Grand View Research, Inc. Increasing use of fiber, CO2 and Yttrium Aluminum Garnet (YAG) lasers in the cutting applications such as consumer electronics and industrial sectors is expected to augment the demand for the laser cutting machines market.

Consumer electronics is anticipated to be the fastest-growing sector owing to the rising implementation of lasers in material processing applications such as cutting, welding Wholesale Howard Wilson Jersey , and engraving. Moreover, the need for high power input and efficiency-based cutters are driving the demand for laser cutting machines over the forecast period.

Developments of novel process lasers to optimize the production of customized three-dimensional glass components and a shift from conventional semiconductor lasers to quantum cascade lasers are expected to increase the demand for these machines. Continuous technological advancements in the laser technology are enabling manufacturers to invest in research and development to gain a competitive advantage. Moreover, the end-use industry is replacing the conventional cutting technology with laser cutting owing to the demand for high-speed cutting and drilling.

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Further key findings from the study suggest:
Gas lasers are estimated to grow at a CAGR of over 9.4% from 2016 to 2024. These lasers have an increasing demand for improved machine tools and equipment in making holograms, dye laser pumping, barcode reading Wholesale Emmanuel Ogbah Jersey , and laser printing.The fusion cutting process is estimated to be the fastest-growing segment at a CAGR of over 9.4% from 2016 to 2024. Fusion cutting offers the benefit of producing a virtually oxide-free cutting edge suitable for thin sheets cutting.The industrial sector is expected to dominate the market over the forecast period. The growing trend of automation in the manufacturing process is increasing the demand for laser cutting machines. These machines precisely cut parts and patterns at high speeds with consistent results.The Asia Pacific laser cutting machines industry is expected to remain the largest market owing to the rising GDP and rapid expansion of the regional manufacturing sector. Moreover, the regional growth is strong in industries that use laser cutting to produce semiconductors, consumer electronics, and automotive components. As these sectors are expanding, the need for laser cutting machines in this region is also increasing.Key players in the laser cutting machines market include Trumpf Laser GmbH + Co. KG Wholesale Larry Ogunjobi Jersey , IPG Photonics Corporation, Coherent Inc., and Rofin-Sinar Technologies Inc. The market is highly competitive owing to the presence of numerous manufacturers’ incorporating innovative technologies to offer product differentiation.
Grand View Research has segmented the laser cutting machines market on the basis of technology, process, application Wholesale David Njoku Jersey , and region:

Laser Cutting Machines Technology Outlook (Revenue, USD Billion; 2015 – 2024)
Solid State LasersGas LasersSemiconductor Lasers
Laser Cutting Machines Process Outlook (Revenue, USD Billion; 2015 – 2024)
Fusion CuttingFlame CuttingSublimation Cutting
Laser Cutting Machines Application Outlook (Revenue, USD Billion; 2015 – 2024)
AutomotiveConsumer ElectronicsDefense and AerospaceIndustrialOthers
Laser Cutting Machines Regional Outlook (Revenue,USD Billion; 2015 – 2024)
North AmericaEuropeAsia PacificRoW
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About Grand View Research

Grand View Research Wholesale Jabrill Peppers Jersey , Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. Thecompany provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries Wholesale Myles Garrett Jersey , from technology to chemicals, materials and healthcare.



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