Laser Welding System Market By Laser Type (Gas Laser (CO2), Solid-State, Fiber, Others), By Power (Less than 1kW, More than 1.1 kW), By Application (Automotive, Electronics, Aerospace, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global laser welding system market was valued at $2,857.1 million in 2020, and is projected to reach $6,262.5 million by 2032, registering a CAGR of 6.9%. A laser beam creates a weld to fuse metals or thermoplastics during laser welding. Laser welding generate narrow, deep welds between square-edged pieces in thicker materials and fast welding speeds of meters per minute in thin materials due to the concentrated heat source. It is a process used to join metals or thermoplastics using a laser beam to form a weld. The accuracy and precision of the process produce low thermal distortion, making it perfect for welding sensitive materials.
The increase in the trend of automation in industries for high efficiency, improved productivity, and accuracy has resulted in laser welding systems market growth. The rise in the adoption of laser systems is expected to register high market revenue, owing to an increase in the need for high-precision laser systems for various applications on different materials. Furthermore, the rise in demand for material processing in various sectors such as automotive, aerospace, industrial machinery, electronics, and medical is driving the laser welding systems market share growth. Furthermore, the shift of the automotive sector toward electric vehicles is generating demand opportunities for laser welding systems.
A significant growth opportunity lies in the rapidly expanding electric vehicle (EV) sector, owing to the automotive industry undergoing a profound transformation toward electrification, laser welding systems play a central role in the assembly of electric vehicle components, especially battery packs. These systems ensure precise and efficient welding of battery cells and modules, contributing to the safety, reliability, and performance of electric vehicles. For example, Tesla, a major electric vehicle manufacturer, widely uses laser welding in battery assembly. Laser welding plays an important role in the growth of the electric vehicle market. As the demand for electric vehicles continues to increase globally, the laser welding systems market is expected to provide lucrative opportunities for the growth of the market.
The laser welding systems market is segmented on the basis of type, power, application, and region. By type, the market is categorized into gas laser (CO2), solid-state laser, fiber laser, and others. On the basis of power, it is bifurcated into less than 1kW and more than 1.1kW. On the basis of application, the market is categorized into automotive, electronics, aerospace, and others.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, LAMEA. The major players that operate in the global market have adopted key strategies such as product launch, collaboration and product development to strengthen their market outreach and sustain the stiff competition in the market.
COMPETITION ANALYSIS
Key companies profiled in the laser welding systems market report include Amada Co. Ltd (Amada weld tech), Alpha Laser, Baison Laser, Coherent, Hans Laser, IPG Photonics, Jenoptik, Laser Star Technologies, Panasonic Corporation, and TRUMPF.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laser welding system market analysis from 2020 to 2032 to identify the prevailing laser welding system market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the laser welding system market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global laser welding system market trends, key players, market segments, application areas, and market growth strategies.
End user preferences and pain points
Installed Base analysis
Product Life Cycles
Technology Trend Analysis
Go To Market Strategy
New Product Development/ Product Matrix of Key Players
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Average Selling Price Analysis / Price Point Analysis
Brands Share Analysis
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Import Export Analysis/Data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
List of customers/consumers/raw material suppliers- value chain analysis
Per Capita Consumption Trends
Product Consumption Analysis
Reimbursement Scenario
SWOT Analysis
Volume Market Size and Forecast
Key Market SegmentsBy Laser TypeGas Laser (CO2)
Solid-State
Fiber
Others
By PowerLess than 1kW
More than 1.1 kW
By ApplicationAutomotive
Electronics
Aerospace
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersTRUMPF
Amada Co., Ltd.
IPG Photonics
JENOPTIK
ALPHA Laser GmbH
Foshan Huibaisheng Laser Technology Co., Ltd
LaserStar Technologies Corporation
Coherent Corp.
Panasonic Corporation
Hans Laser Technology Industry Group, Co. LTD.
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