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Laser Processing Market expected to reach $3.77 Billion By 2018 at a CAGR of 9.71% - New Report by MarketsandMarkets
Date:5/9/2013

(PRWEB) May 09, 2013

According to a new market research report "Laser Processing Market (2013 – 2018): By Technology (Co2, ND: YAG, Fiber Laser); Process (Engraving, Marking, Cutting, Drilling); Base Material (Metals, Polymers); Application (Electronics, Machine Part Marking, Medical, Signage) & Geography" ,published by MarketsandMarkets , the value of laser processing market was $2.08 billion in 2012 and is expected to reach $3.77 billion in 2018, at an estimated CAGR of 9.71% from 2013 to 2018.

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  • 90 Market Data Tables
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  • 240 Pages and In-Depth Table of Content on “Laser Processing Market”

http://www.marketsandmarkets.com/Market-Reports/laser-processing-market-1062.html

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The material processing tasks both micro-processing and macro-processing were earlier done with the help of mechanical tools such as saw cutters, drill bits and so on. However, the technological developments and rapid adoption of lasers for the material processing purpose in previous decade changed the market scenario vastly.

Apart from outclassing mechanical tools in every comparison, the laser processing market is experiencing a positive growth trend because of the boost from the government bodies, regulatory bodies, and associations of various kinds.

Federal Aviation Administration (FAA) making it compulsory to have wires and parts to laser marked or Food and Drug Administration (FDA) pushing manufacturers to mark equipments and drug packages are just few examples of the growing usage of laser material processing techniques. Along with such drivers, the report analyses restraints and opportunities pertaining to the laser material proces
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