From GlobeNewswire: 2024-11-05 09:00:00

The Laser Processing Market is projected to reach USD 17.91 Billion by 2032, growing at a CAGR of 8.47%. Industries like automotive and aerospace are adopting laser technology for precision manufacturing processes, with companies like Coherent Corp. providing advanced laser products. Fiber lasers dominate the market with a 40% share, while Asia-Pacific leads due to industrial growth.

North America is set to experience rapid growth in laser processing, driven by investments in automation in industries like automotive and aerospace. Recent developments include Coherent Corp.’s EDGE FLTM high-power fiber laser series and IPG Photonics’ automated cobot laser welding system. The future of laser processing includes advancements in AI integration and IoT compatibility for streamlined manufacturing processes. The latest report on Laser Processing includes insights on cost analysis, technological adoption rates, regulatory impact, and training metrics. The competitive landscape, market segmentation by product, process, discrete industry, and industry applications are also covered. Regional analysis, company profiles, and use cases are included for a comprehensive view.

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