Market Research Report
Global Laser Peening Equipment Market Insights and Forecast to 2027
|Global Laser Peening Equipment Market Insights and Forecast to 2027|
Published: December 23, 2021
Content info: 87 Pages
Delivery time: 2-3 business days
Laser peening (LP), or laser shock peening (LSP), is a surface engineering process used to impart beneficial residual stresses in materials. The deep, high magnitude compressive residual stresses induced by laser peening increase the resistance of materials to surface-related failures, such as fatigue, fretting fatigue and stress corrosion cracking. Laser shock peening can also be used to strengthen thin sections, harden surfaces, shape or straighten parts (known as laser peen forming), break up hard materials, compact powdered metals and for other applications where high pressure, short duration shock waves offer desirable processing results. Sales in Value refers to the sales revenue of the equipment. Services Revenue refers to the revenue from using Laser Peening Equipment to provide services
Global core laser peening equipment manufactures include LSP Technologies, Inc., Toshiba, Tyrida Optical Electric Technology etc. In terms of product, stationary laser peening equipment is the largest segment, with a share over 80%. And in terms of application, the largest application is aerospace, followed by manufacturing industries and automotive.
Market Analysis and Insights: Global Laser Peening Equipment Market
The global Laser Peening Equipment market is valued at US$ 26 million in 2020. The market size will reach US$ 59 million by the end of 2027, growing at a CAGR of 12.3% during 2021-2027.
Global Laser Peening Equipment Scope and Segment
Laser Peening Equipment market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Laser Peening Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.
Segment by Type
Segment by Application
Production by Region
Consumption by Region