Research Nester’s recent market research analysis on “CO2 Laser Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global co2 laser market in terms of market segmentation by application, end use, output power, and by region.
Growing Demand in Electronic Sector to Drive Growth of Global Co2 Laser Market
The co2 laser market is estimated to grow majorly on account of high demand for co2 laser in the electronics sector. They are majorly utilized in the material processing as they offer high precision and accuracy in material processing. Electronic industry that deals with components that are small and compact, the co2 lasers are used for cutting, drilling, and marking electronic components with exceptional precision, ensuring reliable and high-quality manufacturing. This growing electronic sector is anticipated to fuel the growth of co2 laser market in the projection period. The electronics manufacturing industry has grown from USD 37.1 billion in 2015-2016 to USD 67.3 billion in 2020-21 across the globe.
Some of the major growth factors and challenges that are associated with the growth of the global co2 laser market are:
Growth Drivers:
· Expansion of Automotive Sector
· Growing Incidence of Cosmetic Surgeries
· Challenges:
The use of high powered co2 laser poses safety risks to operators and bystanders. Compliance with safety regulations may require additional investment in safety equipment and training, impacting the overall cost of using co2 lasers. Moreover, technological complications associated with co2 lasers is another major factors anticipated to hamper the growth of the global co2 laser market.
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By output power, the C02 laser market is segmented into Up to 50W, 50W to 500W, 500W to 1000W, Above 1000W. The 50W to 500W segment is to garner a highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. This type of power is widely used in broader range of applications such as cutting deeper material, welding thin metals, and for more precise applications like gynecological or ENT surgeries.
By region, the Europe co2 laser market is to generate the highest revenue by the end of 2035. This growth is anticipated by growing maturity in the integration of co2 laser in several end use industries in this region. Furthermore, Europe has been observing a growing interest in additive manufacturing. While co2 lasers are not hugely used in metal-based 3D printing, they are utilized in some laser based bed fusion techniques that offers lucrative growth opportunities for the regional market.
This report also provides the existing competitive scenario of some of the key players of the global co2 laser market which includes company profiling of PRC Laser Corporation, FANUC Corporation, TRUMPF, LIGHTMACHINERY, INC., Boss Laser, LLC, Epilog Laser, Alma Lasers, Kern Electronics & Lasers Inc., and others.
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