growing benefits of laser welding over conventional welding is driving the Laser Processing Market
Technavio analyzes that the Laser Processing Market is expected to grow at a CAGR of 8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2328.6 million.There are various factors that contribute to the growth of the market. Laser welding, a modern alternative to conventional welding techniques, offers several advantages that are increasingly driving its adoption in various industries. The process provides precise and consistent welds, resulting in improved product quality and reduced waste. Additionally, laser welding offers increased automation capabilities, allowing for faster production speeds and lower labor costs. Its ability to weld dissimilar materials and join thin sheets with minimal distortion further enhances its value proposition. Overall, the benefits of laser welding include enhanced productivity, reduced costs, and improved product quality.
In the realm of laser processing, gas lasers have gained significant traction due to their unique capabilities and advantages. These lasers utilize a glass tube containing a gas mixture as their active medium. Notable gas laser types include helium-neon (He-Ne), argon ion, carbon dioxide (CO2), carbon monoxide (CO), and hydrogen gas lasers. The gas laser market expansion is primarily fueled by their extensive applications in cutting and welding industries. Compared to fiber, solid-state, and diode lasers, gas lasers offer increased reliability, efficiency, robustness, and ease of operation. Key gas laser processes, such as absorptivity of materials, recoil pressure, induced plasma, plasma shock wave, plasma shielding effect, energy coupling, and microstructure formation, contribute to flow boiling enhancement, making them indispensable in various industries.
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Laser Processing Market Segmentation
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Laser processing utilizes the non-contacting, abrasion-less technique of ultrafast lasers for micro-fabrication, offering high precision and industrial processing efficiency. Long-pulsed lasers enable thermal processing through vaporization, ablation, drilling, welding, cutting, annealing, and annealing via auxiliary pulses. Laser-matter interaction results in energy coupling, microstructure formation, and flow boiling enhancement in microchannels. Recoil pressure, induced plasma, plasma shock wave, and plasma shielding effect are additional phenomena involved in this technology. The absorptivity of materials and their response to laser processing significantly impact the process outcomes.
The Laser Processing Market, a segment of the broader global electronic equipment and instruments industry, is experiencing significant growth. This market encompasses non-contacting, abrasion-less techniques such as Ultrafast laser processing and Micro-fabrication, which offer high precision and industrial processing efficiency. Driven by the increasing demand for electronic test and measurement equipment, the global electronic equipment and instruments market size is expected to grow. Factors contributing to this expansion include technological advancements and digital transformation in various sectors, including semiconductors, automotive, IT, consumer electronics, industrial, energy, and medical devices. Long-pulsed lasers and thermal processing are key technologies driving laser processing market growth, offering thermal effects and material modification capabilities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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