2023 Laser Market and Application Analysis and Forecast

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2 years ago

Overview of the Laser Market

The laser market has been steadily growing over the years, with applications ranging from industrial manufacturing to medical and scientific research.

The industrial manufacturing sector accounts for the largest share of the laser market, with applications such as cutting, welding, and marking. The medical sector is also a significant player in the laser market, with applications such as laser surgery, dermatology, and ophthalmology. Other industries that utilize lasers include aerospace, defense, and telecommunications.

One of the most significant advancements in the laser market is the development of fiber lasers, which have several advantages over traditional solid-state lasers. Fiber lasers are more energy-efficient, have a longer lifespan, and are more reliable, making them an attractive option for industrial manufacturing applications.

According to CNC Fiber Laser Market-Forecast till 2030 , it is anticipated that the global CNC fiber laser market would have grown at a CAGR of 7.1%, reaching USD 2.5 billion by the end of 2030.

Another trend in the laser market is the increasing demand for high-power lasers, driven by the need for faster and more precise processing in industrial manufacturing. The development of ultrafast lasers has also opened up new applications in materials processing, such as micromachining and nanofabrication.

In the medical sector, the use of lasers in non-invasive procedures has been a significant driver of growth. Laser hair removal, tattoo removal, and skin rejuvenation are just a few examples of popular cosmetic procedures that utilize lasers. Lasers are also used in more critical medical procedures, such as cancer treatment and eye surgery.

Global Medical Laser Marker Market Report, History and Forecast 2016-2031, Breakdown Data by Manufacturers, Key Regions, Types and Application

Overall, the laser market is expected to continue its growth trajectory as new applications and technologies emerge. The increasing demand for high-power and ultrafast lasers, coupled with the expansion of applications in fields such as biotechnology and electronics, will likely drive market growth in the coming years.

China’s Laser Cutting Machine Export

China is one of the world’s leading producers and exporters of laser cutting machines. According to CRI’s analysis, in 2021, China exported 268,700 laser cutting machines (defined as machine tools for processing various materials by laser, the same below), up 47.46% year-on-year, with an export value of US$1.373 billion, up 39.19% year-on-year. From January to November 2022, China exported 399,200 laser cutting machines, an increase of 66.50% year-on-year, with an export value of US$1.523 billion, an increase of 23.51%. In 2022, China’s annual export volume of laser cutting machines exceeded 400,000 units is a foregone conclusion.

Research Report on China’s Laser Cutting Machine Export 2023-2032

China’s Laser Import

In 2021, China imported 179 million lasers (excluding laser diodes, the same below), up 2.76% year-on-year, with an import value of US$ 3.214 billion, down 11.80% year-on-year. From January to October 2022, China imported 0.86 billion lasers, down 46.42% year-on-year, with an import value of US$ 2.044 billion, down 26.26% year-on-year.

Research Report on China’s Laser Import 2023-2032