Laser Automation Market Size, Share, Growth, and Industry Growth, By Type (Laser Cutting Machine, Laser Marking Machine Laser Welding Machine and Precision Laser Processing System), By Application (Automotive, Semiconductor & Electronics, Packaging, Machine Industry, Aerospace & Défense, Food & Medicine and Oil & Gas), Regional Forecast To 2031

Updated On: 08 April 2024

Laser Automation Market REPORT OVERVIEW

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The global laser automation market size was USD 10080 million in 2021 and market is projected to touch USD 23221.33 million by 2031, at a CAGR of 8.7% during the forecast period.

Laser technology enables tasks that would be challenging or impossible to carry out using traditional methods since it is adaptable and simple to automate. It is applicable to the majority of metals and alloys as well as a number of other materials. It offers a fascinating technical and affordable option due to its accuracy and intrinsic qualities. While the conventionally used instruments are susceptible to wear and the risk of breaking, the laser welds, cuts, drills, and marks without any mechanical touch, guaranteeing a constant result.

For subcontract work employing laser welding, laser cutting, laser drilling, laser marking, mechanical workshop, faisability studies, automation systems, and medical devices, laser-automation makes its expertise available for implementation of production batches or prototypes at low pricing.

With the simple push of a button, automation may increase productivity and lower stress levels. This also implies that you won't have to manually check to see if a work is finished or prepared to move on to the next stage. Business process automation software significantly increases process efficiency throughout the entire office by reducing errors and delays in workflow. There is simply no alternative to doing some business activities manually. But there are additional procedures that could profit from automation. Here is where cost-cutting measures come into play. Business process automation investments can maximise resource utilisation and significantly boost income.

Modern high-tech laser beams can be concentrated to a thousandth of a millimetre. This entails that any measuring, marking, or cutting can be carried out with the highest level of accuracy. Due to the shrinking size of computer chips and medical device components, laser technology provides improved accuracy and consistency that is not possible with conventional milling tools. Additionally, laser cuts are exceptionally clean, leaving the leftover material with no deformation or burrs. This eliminates the requirement for the product to be cleaned or finished following laser processing.

COVID-19 Impact: Disrupted Supply Chain Induced by Pandemic to Hamper Market Growth

The COVID-19 pandemic has posed a variety of difficulties for the laser automation industry, including production halts, a lack of raw materials, a suspension of international trade, and decreased demand from virtually all end-user industries, including manufacturing, construction, and agriculture. The laser automation market has a significant positive impact on the global equipment and manufacturing industries. Numerous difficulties experienced by the sector included worker absence, limited site access and collaboration, travel restrictions, weariness, and new working methods. The magnitude of the impact on supply chains is greater than anything that most industrial enterprises have ever experienced.

LATEST TRENDS

"Traditional Technology Replaced with Automated Laser to Increase Market sales"

Due to the shrinking size of computer chips and medical device components, laser technology provides improved accuracy and consistency that is not possible with conventional milling tools. Additionally, laser cuts are exceptionally clean, leaving the leftover material with no deformation or burrs. This eliminates the requirement for the product to be cleaned or finished following laser processing.

Laser Automation Market SEGMENTATION

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• By Type

Based on type; the market is divided into laser cutting machine, laser marking machine laser welding machine and precision laser processing system.

In terms of product type, welding machine is the largest segment.

• By Application

Based on application; the market is divided into automotive, semiconductor & electronics, packaging, machine industry, aerospace & defence, food & medicine, oil & gas and others.

In terms of application, automotive is the largest segment.

DRIVING FACTORS

"Large Scale Demand for Lasers to Boost Market Growth"

Laser automation is the creation and application of technological tools for managing and monitoring your laser system. Industries employ laser automation extensively for operations including cutting, welding, marking, medical sector scanning, producing precision tools, finishing for the luxury business, and imprinting, among others. The majority of sectors spend a lot of money on lasers and need them for their industrial processes. The main driver of the laser automation market growth is the enormous demand for automated lasers.

"Simple Laser Operations to Increase Market Growth"

Homes and companies are putting more and more emphasis on the usage of automation technologies as living standards rise. The automated laser moves quickly, penetrates deeply, and deforms little. It may function at room temperature or in specific circumstances, and the laser focusing has a relatively high-power density. The automatic laser is capable of beam timing and timing splitting as well as simultaneous multi-beam and multi-station processing, which creates the ideal environment for increasing precision.

RESTRAINING FACTOR

"Inadequate training to Constrain Market Growth"

Automated lasers need the right training to be used safely and accurately by the staff. Most industries place little emphasis on providing workers with training, which results in subpar labour and dissatisfied job. Accidents can also result from incomplete understanding of autonomous lasers.

Laser Automation Market REGIONAL INSIGHTS

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"Defence Budget of North America to Help Lead the Market"

North America dominates the laser automation market share with over 40%. The region is way ahead of other competitors due to its advanced technology in laser automation. The increased budget of North America’s defence system considerably increased the regions market share. The Mexican market has made significant contributions to the North American laser technology sector and has been eager to develop and produce its own military systems. By the conclusion of the forecast period, it is predicted that the North American region would hold the greatest market share of laser automation market due to all of these factors.

KEY INDUSTRY PLAYERS

The market’s players are placing a strong emphasis on innovation, which has led to several mergers, acquisitions, collaborations, and partnerships. The report provides list of top distributors, traders, and dealers and pricing patterns of each product type.  Basic information of the listed companies is provided in order to help in making wise judgements. Manufacturing facilities of the top organizations are discussed. Product and service offerings of the leading firms are provided in this report. The report sheds light on each company's revenue, gross margins, sales, price, and market share. Insightful data for new entrants and conclusive data on market concentration ratio, marketing methods, and other critical business-related facets.

List of Market Players Profiled

• Han'S Laser (China)
• Trumpf (Germany)
• Bystronic (Switzerland)
• Coherent (U.S.)
• Mazak (U.S.)
• Amada (U.S.)
• HGTECH (U.S.)
• Trotec (Austria)
• Prima Power (Italy)
• Mitsubishi Electric (Japan)
• Chutian Laser (China)

INDUSTRY DEVELOPMENT

December 2019: The flexible automation solution offered by the AMS 3015 CL and AMS 4020 CL has been designed to minimise unneeded machine downtime caused by human material loading. The AMS 3015 CL is precision made in our Brea, California, and High Point, North Carolina, facilities, and can perform material handling tasks automatically and consistently, resulting in maximum laser productivity. As a modular system, it may be easily expanded to accommodate future requirements by adding supplementary equipment like a tower or more lasers.

REPORT COVERAGE

In order to identify the critical factors that will affect industry growth in the upcoming years, the study gathers data from reliable primary and secondary sources. It looks at this industry's past and present to predict its growth rate, revenue, market share, and other crucial factors over the study period. The report's goal is to help businesses create strong contingency plans to handle present and future issues by providing an in-depth analysis of this industry. The document divides this market into a number of sub-markets and offers insights into its performance and potential before providing a comprehensive analysis of the laser automation market dynamics.