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Laser Processing Market to Grow at a 9.71% CAGR by 2018 Forecasts in New Research Report at ReportsnReports.com
Date:7/28/2013

Dallas, TX (PRWEB) July 28, 2013

The value of the 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.

Since its advent in 1957, the early adopters of laser (light amplification by simulated emission of radiation) technology were applications such as ranging, targeting, spectroscopy, and microscopy. The purpose of these applications was either the exploration/measurement of distances or the scientific/laboratory experiments. None of the above mentioned application promoted laser technology on the commercial front such as laser processing. However, with the technological developments, lasers became compact, robust, and versatile. Such developments triggered the industrial and commercial applications such as micro-machining, modeling, precise sculpting, shaping & sizing objects and materials, and contact-less imprinting which now are collectively referred to as laser processing applications.

The revenue generated from laser processing applications is supported by five critical pillars – laboratory equipments, defense & military, compact disc read/write heads, communications, and material processing. The research study, Laser Processing Market (2013 – 2018) - http://www.reportsnreports.com/reports/255533-laser-cutting-drilling-marking-and-engraving-market-by-technology-co2-laser-excimer-laser-nd-yag-laser-fiber-laser-base-material-metals-polymers-application-electronics-machine-part-marking-medical-signage-geography-2013-2018-.html analyses the vital material processing segment. The analysis is compl
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