Laser Automation Market is Estimated to Witness High Growth Owing to Increasing Integration of Automation in Manufacturing Industries
The laser automation market comprises laser cutting machines, laser welding machines, and laser marking machines among others. Laser-based automation equipment offers high precision, minimal thermal distortion, and flexibility over traditional mechanical processes. The utilization of laser automation solutions enhances productivity, reduces wastage, and improves quality of production in various manufacturing sectors including automotive, electronics, industrial, and medical device manufacturing.
Global laser automation market is projected to reach US$ 12,045.3 Mn by 2030, from US$ 16,071.4 Mn in 2023, exhibiting a CAGR of 4.2% during the forecast period.
Key Takeaways
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, Prima Power, Fanuc Corporation.
Laser Automation Market Demand offers significant growth opportunities in industries such as electronics where miniaturization is a key trend. Furthermore, increasing focus on Industry 4.0 and smart manufacturing is expected to drive the demand for laser-enabled robotics and automated solutions.
Technological advancements such as fiber and direct diode lasers have made laser processing more robust, energy-efficient, and compatible with automation. Integrating lasers with artificial intelligence, machine vision, and digital twins will enable advanced applications in additive manufacturing, laser material processing, and smart factories.
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