Laser Automation helps increase productivity and efficiency across various industrial sectors by automating manufacturing processes. Laser cutting, welding, and marking are widely used for precision machining applications in industries like automotive, aerospace, electronics and more. The precision and reproducibility offered by laser systems allow for mass customization and efficient production of complex parts without compromising on quality. The global Laser Automation Market is estimated to be valued at US$ 6.48 Bn in 2023 and is expected to exhibit a CAGR of 7.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of Industry 4.0 concepts and technologies across industries has been a major driver of growth in the Laser Automation Market. Advanced robotics and machine learning integrated with laser systems allow for complete automation of production lines with minimal human intervention. This has significantly enhanced productivity and reduced operational costs for manufacturers. Major companies are actively investing in R&D to develop cobots and laser guided autonomous vehicles to automate repetitive and hazardous manufacturing tasks. The development of smart connected solutions is expected to further accelerate the automation of laser based processes.
Segment Analysis
The global laser automation market is segmented by laser type into solid-state lasers, gas lasers, and other laser types. Solid-state lasers dominate the market and are expected to maintain their dominance over the forecast period. Solid-state lasers provide higher efficiency, low maintenance, and compact design compared to other laser types making them suitable for a wide range of material processing applications like cutting, cleaning, welding, and scribing in various industries.
Key Takeaways
The global laser automation market is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2024 is projected to reach US$ 6.48 Billion.
Regional analysis: The Asia Pacific region dominates the global laser automation market and is expected to maintain its lead over the forecast period. Rapid industrialization and growing adoption of laser technologies across manufacturing industries in China, India, Japan, and other Asian countries are driving the growth of the laser automation market in the region.
Key players: Key players operating in the laser automation market are Trumpf GmbH + Co. KG, Coherent, Inc., IPG Photonics Corporation, Han’s Laser Technology Industry Group Co., Ltd., Rofin-Sinar Technologies Inc., Jenoptik AG, Amada Miyachi America, Inc., Newport Corporation, and Fanuc Corporation.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it