North America Industrial Lasers Systems Market Size, Share & Industry Trends Analysis Report By Type (Macro processing and Micro processing), By Power, By Application, By Country and Growth Forecast, 2022 – 2028
Description
North America Industrial Lasers Systems Market Size, Share & Industry Trends Analysis Report By Type (Macro processing and Micro processing), By Power, By Application, By Country and Growth Forecast, 2022 – 2028
The North America Industrial Lasers Systems Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Various technological developments in the industrial environment, such as industrial robots, industrial automation, and 3D printing, are expected to increase the use of laser systems in industries as a result of the rise of Industry 4.0 and Industrial IoT. Companies are merging current production processes with many technological breakthroughs in lasers and laser systems to boost efficiency and stay ahead of the competition. TRUMPF Group, for example, purchased GLOphotonics, a French laser technology business that specializes in hollow-core fibers, in January 2020. Without sacrificing power, the fiber provides for more direct and faster transport of laser light from the origin to the targeted destination.
There is a rapid pace of technical improvements in numerous industries such as manufacturing, aerospace, and automotive across this region. In addition, the region is home to a number of significant vendors, including IPG Photonics among others
Several companies have risen significant financing to develop breakthrough laser technology solutions, particularly among small and medium enterprises (SMEs) and startups. For example, UAVenture Capital Fund, based in Tuscan and dedicated to commercializing University of Arizona discoveries, products, technologies, and services, invested in DeUVe Photonics Inc. to improve its technology, allowing the company to become a major player in existing and developing deep UV laser markets.
The US market dominated the North America Industrial Lasers Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,997.5 Million by 2028. The Canada market is poised to grow at a CAGR of 9.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.7% during (2022 - 2028).
Based on Type, the market is segmented into Macro processing and Micro processing. Based on Power, the market is segmented into More than 1.1 kW and Less than 1 kW. Based on Application, the market is segmented into Cutting, Welding, Non-metal processing, Additive manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Coherent, Inc., NKT Photonics A/S (NKT A/S), IPG Photonics Corporation, Jenoptik AG, TRUMPF GmbH + Co. KG, LUMIBIRD, Amonics Ltd., Apollo Instruments Inc., CY Laser SRL, and TOPTICA Photonics AG.
Scope of the Study
Market Segments covered in the Report:
By Type
The North America Industrial Lasers Systems Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Various technological developments in the industrial environment, such as industrial robots, industrial automation, and 3D printing, are expected to increase the use of laser systems in industries as a result of the rise of Industry 4.0 and Industrial IoT. Companies are merging current production processes with many technological breakthroughs in lasers and laser systems to boost efficiency and stay ahead of the competition. TRUMPF Group, for example, purchased GLOphotonics, a French laser technology business that specializes in hollow-core fibers, in January 2020. Without sacrificing power, the fiber provides for more direct and faster transport of laser light from the origin to the targeted destination.
There is a rapid pace of technical improvements in numerous industries such as manufacturing, aerospace, and automotive across this region. In addition, the region is home to a number of significant vendors, including IPG Photonics among others
Several companies have risen significant financing to develop breakthrough laser technology solutions, particularly among small and medium enterprises (SMEs) and startups. For example, UAVenture Capital Fund, based in Tuscan and dedicated to commercializing University of Arizona discoveries, products, technologies, and services, invested in DeUVe Photonics Inc. to improve its technology, allowing the company to become a major player in existing and developing deep UV laser markets.
The US market dominated the North America Industrial Lasers Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,997.5 Million by 2028. The Canada market is poised to grow at a CAGR of 9.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.7% during (2022 - 2028).
Based on Type, the market is segmented into Macro processing and Micro processing. Based on Power, the market is segmented into More than 1.1 kW and Less than 1 kW. Based on Application, the market is segmented into Cutting, Welding, Non-metal processing, Additive manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Coherent, Inc., NKT Photonics A/S (NKT A/S), IPG Photonics Corporation, Jenoptik AG, TRUMPF GmbH + Co. KG, LUMIBIRD, Amonics Ltd., Apollo Instruments Inc., CY Laser SRL, and TOPTICA Photonics AG.
Scope of the Study
Market Segments covered in the Report:
By Type
- Macro processing
- Micro processing
- More than 1.1 kW
- Less than 1 kW
- Cutting
- Welding
- Non-metal processing
- Additive manufacturing
- Others
- US
- Canada
- Mexico
- Rest of North America
- Coherent, Inc.
- NKT Photonics A/S (NKT A/S)
- IPG Photonics Corporation
- Jenoptik AG
- TRUMPF GmbH + Co. KG
- LUMIBIRD
- Amonics Ltd.
- Apollo Instruments Inc.
- CY Laser SRL
- TOPTICA Photonics AG
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Table of Contents
79 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Industrial Lasers Systems Market, by Type
- 1.4.2 North America Industrial Lasers Systems Market, by Power
- 1.4.3 North America Industrial Lasers Systems Market, by Application
- 1.4.4 North America Industrial Lasers Systems Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographical Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2018, Apr – 2022, Jan) Leading Players
- Chapter 4. North America Industrial Lasers Systems Market by Type
- 4.1 North America Macro processing Market by Country
- 4.2 North America Micro processing Market by Country
- Chapter 5. North America Industrial Lasers Systems Market by Power
- 5.1 North America More than 1.1 kW Market by Country
- 5.2 North America Less than 1 kW Market by Country
- Chapter 6. North America Industrial Lasers Systems Market by Application
- 6.1 North America Cutting Market by Country
- 6.2 North America Welding Market by Country
- 6.3 North America Non-metal processing Market by Country
- 6.4 North America Additive manufacturing Market by Country
- 6.5 North America Others Market by Country
- Chapter 7. North America Industrial Lasers Systems Market by Country
- 7.1 US Industrial Lasers Systems Market
- 7.1.1 US Industrial Lasers Systems Market by Type
- 7.1.2 US Industrial Lasers Systems Market by Power
- 7.1.3 US Industrial Lasers Systems Market by Application
- 7.2 Canada Industrial Lasers Systems Market
- 7.2.1 Canada Industrial Lasers Systems Market by Type
- 7.2.2 Canada Industrial Lasers Systems Market by Power
- 7.2.3 Canada Industrial Lasers Systems Market by Application
- 7.3 Mexico Industrial Lasers Systems Market
- 7.3.1 Mexico Industrial Lasers Systems Market by Type
- 7.3.2 Mexico Industrial Lasers Systems Market by Power
- 7.3.3 Mexico Industrial Lasers Systems Market by Application
- 7.4 Rest of North America Industrial Lasers Systems Market
- 7.4.1 Rest of North America Industrial Lasers Systems Market by Type
- 7.4.2 Rest of North America Industrial Lasers Systems Market by Power
- 7.4.3 Rest of North America Industrial Lasers Systems Market by Application
- Chapter 8. Company Profiles
- 8.1 Coherent, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Partnerships, Collaborations, and Agreements:
- 8.2 NKT Photonics A/S (NKT A/S)
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Partnerships, Collaborations, and Agreements:
- 8.3 IPG Photonics Corporation
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Product Launches and Product Expansions:
- 8.3.5.3 Acquisition and Mergers:
- 8.4 Jenoptik AG
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Acquisition and Mergers:
- 8.4.5.2 Geographical Expansions:
- 8.5 TRUMPF GmbH + Co. KG
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.5.5.2 Product Launches and Product Expansions:
- 8.6 LUMIBIRD
- 8.6.1 Company Overview
- 8.6.2 Recent strategies and developments:
- 8.6.2.1 Acquisition and Mergers:
- 8.7 Amonics Ltd.
- 8.7.1 Company Overview
- 8.8 Apollo Instruments, Inc.
- 8.8.1 Company Overview
- 8.9 CY Laser SRL
- 8.9.1 Company Overview
- 8.10. TOPTICA Photonics AG
- 8.10.1 Company Overview
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