According to market research study published by Gen Consulting Company, the market size of the global industrial laser system sector is expected to rise by USD 7.1 billion with a CAGR of 5.1% by the end of 2028.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global industrial laser system market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the industrial laser system industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the laser type, application, end user, and region. The global market for industrial laser system can be segmented by laser type: fiber, solid-state, carbon dioxide, others. The fiber segment was the largest contributor to the global industrial laser system market in 2021. Industrial laser system market is further segmented by application: cutting, welding, marking, drilling, others. According to the research, the cutting segment had the largest share in the global industrial laser system market. Based on end user, the industrial laser system market is segmented into: semiconductor, transportation, aerospace and military, healthcare, others. The semiconductor segment held the largest revenue share in 2021. On the basis of region, the industrial laser system market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Globally, Asia-Pacific made up the largest share of the industrial laser system market.

Market Segmentation
By laser type: fiber, solid-state, carbon dioxide, others
By application: cutting, welding, marking, drilling, others
By end user: semiconductor, transportation, aerospace and military, healthcare, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report explores the recent developments and profiles of key vendors in the Global Industrial Laser System Market, including Coherent, Inc., Han’s Laser Technology Co., Ltd., IPG Photonics Corporation, Jenoptik AG, Newport Corporation, nLIGHT, Inc., TRUMPH GmbH, among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report
– To analyze and forecast the market size of the global industrial laser system market.
– To classify and forecast the global industrial laser system market based on laser type, application, end user, region.
– To identify drivers and challenges for the global industrial laser system market.
– To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global industrial laser system market.
– To identify and analyze the profile of leading players operating in the global industrial laser system market.

Why Choose This Report
– Gain a reliable outlook of the global industrial laser system market forecasts from 2022 to 2028 across scenarios.
– Identify growth segments for investment.
– Stay ahead of competitors through company profiles and market data.
– The market estimate for ease of analysis across scenarios in Excel format.
– Strategy consulting and research support for three months.
– Print authentication provided for the single-user license.