Latest News - Robotic Laser Cutting Market: Automotive Industry is expected to lead the End-user segment during 2024-2028

The Robotic Laser Cutting Market is being driven by Increased productivity with improved laser technology

The Robotic Laser Cutting Market is expected to grow at a CAGR of 14.76% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 129 million. The robotic laser cutting market is witnessing significant growth due to the integration of IoT (Internet of Things) and Industry 4.0 technologies. This trend is revolutionizing manufacturing environments by enabling seamless connectivity, data exchange, and intelligent decision-making. The implementation of smart sensors and monitoring devices in robotic laser cutting systems is a key aspect of this development. These sensors collect real-time data on various parameters, such as temperature, vibration, and energy consumption, allowing remote monitoring of equipment health and performance, thereby enhancing efficiency, flexibility, and productivity. The adoption of Industry 4.0 and IoT technologies is set to transform the robotic laser cutting industry by optimizing production processes, reducing downtime, and improving overall operational excellence. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Automotive Industry
  • Metal Industry
  • Aerospace Industry
  • Others
• Type
  • CO2 Laser Cutting Machine
  • Fiber Laser Cutting Machine
  • YAG Cutting Machine
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • Europe
    • Germany
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased productivity with improved laser technology
• Increase in adoption of industrial robots in developing countries in APAC
• Low cost and less space requirement of robotic laser cutting

However, the market also witnesses some limitations, which are as follows:

• Lower least count of accuracy of robotic laser cutting
• Regulatory framework restricting adoption of robots
• Lack of skilled technical operators

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Market Scope in Robotic Laser Cutting Market Research Report

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Research Analysis Overview

The Robotic Laser Cutting market is witnessing significant growth due to the increasing demand for automation in various industries. Robotic laser cutting systems offer sturdy construction, ensuring long-term durability and reliability. These systems provide versatility in cutting a wide range of materials, including metals, plastics, and composites, at micron-level precision. Robotic arms and material positioners are integral components of these systems, enhancing the accuracy and efficiency of the cutting process. Robot controllers manage the movements of the robotic arms, ensuring precise and consistent cuts. Industrial robots equipped with YAG cutting machines and improved laser technology have revolutionized the manufacturing sector. The use of these systems offers numerous benefits, including reduced production time, improved product quality, and increased safety. The ability to automate complex cutting tasks has led to the adoption of robotic laser cutting systems in various industries, including automotive, aerospace, and construction. Overall, the Robotic Laser Cutting market is expected to continue growing as industries seek to increase productivity and reduce labor costs.

Market Research Overview

The industrial machinery and supplies and components market encompasses businesses involved in the production of machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. Factors driving growth in this market include expanding industrial production in process and discrete industries, particularly in developing countries, due to increasing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/