Laser Plastic Welding - Global Market Outlook (2021 - 2028)
According to Stratistics MRC, the Global Laser Plastic Welding Market is growing at a CAGR of 9.8% during the forecast period. Laser plastic welding is extensively used across a host of industrial sectors, including medical, automotive, and electronic packaging. A laser transparent component and laser absorbing component are forever merged. Prior to being welded, the join partners are positioned and then pressed mutually. In the actual fusion process, the laser beam gets through the transparent component without significantly heating it up. But now, the absorbing component takes the laser energy so that it is heated at the exterior.
Market Dynamics:
Driver:
Increasing demand for designer automotive products
Increasing demand for designer automotive products is booming the demand for aesthetic plastic products, becoming a key growth factor for the global laser plastic welding market growth. For example, LPKF Laser & Electronics AG uses various welding processes to produce straight weld seams and complex 3D geometries. Rapid growth in cost-efficient and designer plastic products is resulting into research & development (R&D) investments such as R&D Engineer of Alcon Laboratories stated that, according to their research, Dukane’s iQ Servo ultrasonic welding system is simple software system that enables to achieve the best possible solutions with optimized straight forward system.
Restraint:
New technologies
New technologies have been used in the laser welding machines. This gives more improved performance of the machine. But use of advanced technology also increases the cost of the machines, as these are sometimes costly to use and also requires trained workers. Hence, this could restrain some companies to use advanced laser welding machines.
Opportunity:
Technological advancements
Technological advancements such as transmission laser welding (TTLW), IR radiation, and ultrasonic welding are emerging in automotive sector of the developing economies, enabling vehicles with designer aesthetics and higher efficiency. Melt-match technology is an advanced technology that matches the melt flow of plastic mold with the speed of ultrasonic speed. For instance, Dukane, the US-based laser plastic welder, developed a new Iq series Servo-Driven Ultrasonic Welder machine with Melt-Match technology for the medical industry.
Threat:
High maintenance cost
However, the high maintenance cost and high initial cost are expected to impede the growth of the laser plastic welding market during the forecast period, whereas the low energy conversion efficiency can challenge the growth of the laser plastic welding market.
The automotive segment is expected to be the largest during the forecast period
The automotive segment is expected to be the largest share during the forecast period due to increasing advancements in laser plastic welding technologies leads to improving the accuracy and weld quality of laser plastic welding due to which, conventional techniques in the laser plastic welding preferred.
Region with highest share:
North America is projected to hold the largest share in the market due to innovations in the laser plastic welding techniques along with massive investments in R& D activities over the new product development in countries such as Canada and the U.S. has resulted in lucrative demand for the product.
Region with highest CAGR:
Europe is projected to have the highest CAGR during the forecast period due to strong presence of a large number of machinery manufacturers and rapid change in consumer inclination for tastefully convincing products.
Key players in the market:
Some of the key players profiled in the Laser Plastic Welding Market include Amada Miyachi, Bielomatik Leuze, CEMAS Elettra S.r.l, Control Micro Systems, DILAS Diodelaser, Dukane IAS, Emerson Electric, Han's Laser Technology Industry Group, Jenoptik, Leister Technologies, LPKF Laser and Electronics, Nippon Avionics, Rofin Sinar Technologies, and TRUMPF.
Key developments:
In May 2019: CEMAS Elettra S.r.l. participated in CHINAPLAS 2019, and introduced its laser welding technology MF240, MF480 and MF960 in Asia for the first time, guaranteeing the best quality and price.
In April 2019: TRUMPF acquired the photonics business from Philips leading to a new business division called TRUMPF Photonic Components that will be headed by Lutz Aschke, the CFO of their Laser technology.
Methods Covered:
Contour Welding
Mask Welding
Quasi-Simultaneous Welding
Radial Welding
Simultaneous Welding
Systems Covered:
Integrated
Standalone
Lasers Covered:
Diode Laser
Nd:YAG Laser
Fiber Laser
CO2 Laser
Applications Covered:
Components
Films
End Users Covered:
Automotive
Consumer Goods
Electrical & Electronics
Healthcare
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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