Market Research Report
Laser Cutting Machine Market Analysis By Technology (Solid State Lasers, Gas Lasers), By Process (Fusion Cutting, Flame Cutting, Sublimation Cutting), By Application (Consumer Electronics Defense And Aerospace), And Segment Forecasts, 2015 - 2024
|Published by||Grand View Research, Inc.||Product code||478632|
|Published||Content info||137 Pages
Delivery time: 1-2 business days
|Laser Cutting Machine Market Analysis By Technology (Solid State Lasers, Gas Lasers), By Process (Fusion Cutting, Flame Cutting, Sublimation Cutting), By Application (Consumer Electronics Defense And Aerospace), And Segment Forecasts, 2015 - 2024|
|Published: February 10, 2017||Content info: 137 Pages||
The global laser cutting machines market is 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, 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.