Global Laser Automation Market size was valued at USD 13.6 Billion in 2024 and is expected to reach USD 17.2 Billion by 2033, at a CAGR of 4.2% during the forecast period 2024 – 2033.
Laser Automation Market: Overview
Laser automation systems are often made up of laser sources, robotic arms, conveyors, sensors, and control software that collaborate to perform precise and repetitive operations at high speed and precision.
The growing use of sophisticated laser technology across a wide range of sectors is a significant global trend in laser automation. Laser automation has various advantages, including improved precision, quicker processing rates, better quality control, and increased productivity.
Laser automation is used in a variety of industries, including automotive, aerospace, electronics, healthcare, and manufacturing, for applications like cutting, welding, and marking, as well as surface treatment and additive manufacturing.
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Furthermore, the integration of artificial intelligence (AI), machine learning, and robots into laser systems is pushing additional innovation and efficiency in laser automation. Furthermore, the growing need for customized and complicated components, along with the requirement for sustainable production processes, is driving the global use of laser automation.
As a result, the worldwide laser automation market is steadily growing, with technical advances and evolving industry requirements driving the proliferation of laser-based solutions across various sectors.
By type, the laser cutting machine segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The trend in laser cutting machines is towards greater precision, speed, and adaptability. Advances in laser technology allow for finer cuts, faster processing, and the capacity to cut a larger spectrum of materials.
By end user, the automotive segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Concerns about climate change and government incentives are driving the automobile industry’s transition to electric cars (EVs). Furthermore, improvements in autonomous driving technology and networking are transforming the future of transportation.
CMI has comprehensively analyzed the Global Laser Automation market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Laser Automation industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Laser Automation Market:
- Han’s Laser
- Trumpf
- Bystronic
- IPG Photonics
- Amada
- TOSH
- HGTECH
- Trotec
- Prima Power
- Mitsubishi Electric
- Jinan Bodor
- Hymson Laser
- HSG Laser
- DR Laser
- Quick Laser
- CTR Lasers
- Lead Laser
- Gravotech
- LVD Group
- Tianqi Laser
- Others
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