Widespread Applications Across Industries Fuels Demand from Laser Processing Market

Few scientific discoveries of the 20th century have demonstrated a range of industrial applications as wide as lasers, or more accurately, LASERs – an acronym for light amplification by stimulated emission of radiation. Lasers make for a powerful source of light, exhibiting extraordinary properties absent in conventional sources of light. The unique attribute of lasers lies in the way their light waves travel long distances with little divergence. Concentration of energy at an extremely high intensity, which remains almost constant through the long distance it travels due to low divergence, is the remarkable feature of lasers.

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Compared to conventional arc or a flame, it is easier to control a laser beam and locate it more precisely. The intense heat generated by laser absorption in various metal surfaces is used for industrial purposes such as welding, precision cutting, marking and engraving, and drilling without damaging the material. Owing to such qualities, the application of laser processing has exponentially increased across several industries

Transparency Market Research recently conducted a survey to study the growth trajectory of laser processing across industries. The research revealed that the global laser processing market, which stood at US$8.76 billion in 2013, is anticipated to reach US$17.26 billion by 2020. If the figures hold true, the global market for laser processing will rise at a positive 10.2% CAGR between 2014 and 2020.

Laser Technology Applications in Materials Processing and Environmental Processes

Laser technology has already emerged as an essential tool for materials processing in industries and environmental processes. Laser technology offers high efficiency and better brightness compared to conventional sources of light. The process also enables the processing and monitoring of remote...