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Market Overview of Global Laser Micromachining System market:
According to our latest research, the global Laser Micromachining System market looks promising in the next 5 years. As of 2022, the global Laser Micromachining System market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Laser micromachining system is a blanket term applied to the processes of cutting, engraving, drilling, texturing, thin layer removal and marking objects. Although similar in concept to traditional machining operations, laser micromachining is capable of creating extremely small features - generally under 1 mm, and in some cases only a few microns in size - with a high degree of repeatability and without causing damage to the surrounding material. There is a range of lasers that can be used effectively for laser micromachining. Pulsed fiber lasers and nanosecond UV lasers have demonstrated a high degree of capability in material removal and are suitable tools for applications that do not require pristine quality or extremely tight dimensional tolerances. However, ultrashort pulse picosecond and femtosecond lasers are the superior tools for laser micromachining when the process requires extremely high quality and dimensional accuracy. Consequently, the laser micromachining system is on-demand across a broad range of industries, for example, in semiconductors. The machines have also found a place in the FPD, medical, optical sectors, and vehicle fields.
Influence of COVID-19 Outbreak on Laser Micromachining System Industry Development
The epidemic will have a short-term impact on Laser Micromachining System industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises.
The COVID-19 outbreak has resulted in the closing down of several manufacturing facilities across the globe. The pandemic caused huge revenue losses in end-use industry. The coronavirus lockdown put a brake on the production of several key raw materials in the global market, which, in turn, spiked the prices and lowered the demand for the product. The strict lockdown mandates imposed by governments have restricted cross-border trade between countries, another factor proving to be detrimental for the laser micromachining system market share. In addition, laser micromachining system manufacturers are drawing up plans for the international market as a new supply link in the global laser micromachining system industry, as companies look to re-engineer supply chains in the aftermath of COVID-19. Also, it is expected that the product demand in end-user sectors could pick up following the uplift of the lockdown in numerous countries.
Coherent, Trumpf, Georg Fischer Ltd., MKS Instruments and IPG Photonics Corporation are the five key players in the global Laser Micromachining System market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Laser Micromachining System market in the past 5 years.
Founded in a Silicon Valley garage, today Coherent is a world-leading manufacturer of photonics solutions. Founded in California in 1966, Coherent is a global provider of lasers and laser-based technology for scientific, commercial and industrial customers.
TRUMPF was founded in 1923 as a series of mechanical workshops, and has since developed into one of the world's leading companies for machine tools, laser technology, and electronics for industrial applications.
Among different product types, UV Laser Micromachining segment is anticipated to contribute the largest market share in 2028.
By application, the Semiconductor segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Laser Micromachining System market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Laser Micromachining System Market Report:
Market Size Estimates: Laser Micromachining System market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Laser Micromachining System market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Laser Micromachining System market
Segment Market Analysis: Laser Micromachining System market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Laser Micromachining System market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Laser Micromachining System Market: Revenue and sales volume of major countries in each region
Laser Micromachining System Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Laser Micromachining System market in major regions.
Laser Micromachining System Industry Value Chain: Laser Micromachining System market raw materials & suppliers, manufacturing process, distributors, downstream customers
Laser Micromachining System Industry News, Policies & Regulations
Key players in the global Laser Micromachining System market are covered in Chapter 12:
Oxford Lasers Ltd.
IPG Photonics Corporation
Georg Fischer Ltd.
AMADA WELD TECH
In Chapter 2 and Chapter 15.1, based on types, the Laser Micromachining System market from 2018 to 2028 is primarily split into:
IR Laser Micromachining
CO2 Laser Micromachining
Green Laser Micromachining
UV Laser Micromachining
In Chapter 3 and Chapter 15.2, based on applications, the Laser Micromachining System market from 2018 to 2028 covers:
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
Asia-Pacific (Covered in Chapter 8)
Europe (Covered in Chapter 9)
Latin America (Covered in Chapter 10)
Middle East and Africa (Covered in Chapter 11)
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Laser Micromachining System market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028