Laser drilling is the process of removing all over or a part of material thickness from a piece of object. Based on part or entire drilling conducted, through and non-through categories of laser drilling are defined. Laser drilling processes have capabilities to penetrate through the rocks with higher precisions and at a faster pace. Also, cutting rocks with the use of laser drilling process results in lesser environmental degradations. Major applications for laser drilling include aerospace manufacturing and semiconductor manufacturing.MARKET DYNAMICS
Increasing demands for accuracy and precision in different industry sectors such as semiconductor and aerospace manufacturing coupled with trends of miniaturization of electronics in these sectors is anticipated to drive the market for laser drilling in order to achieve higher accuracies. Increasing attraction by the oil and gas industry for using laser drilling is anticipated to present opportunities for the players operating in the laser drilling market.MARKET SCOPE
The "Global Laser Drilling Market Analysis to 2027" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the laser drilling market with detailed market segmentation by technology, end-use, and geography. The global laser drilling market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading laser drilling market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
The global laser drilling market is segmented on the basis of technology, and end-use. Based on technology, the laser drilling market is segmented into percussion laser drilling and trepanning laser drilling. On the basis of end-use, the laser drilling market is segmented into automotive, aerospace, electronics, ceramics, and others.REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global laser drilling market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The laser drilling market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the laser drilling market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the laser drilling in these regions.MARKET PLAYERS
The reports cover key developments in the laser drilling market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Laser drilling market are anticipated to lucrative growth opportunities in the future with the rising demand for laser drilling in the global market. Below mentioned is the list of few companies engaged in the laser drilling market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the laser drilling market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Coherent and Rofin
- EDAC Technologies Corporation
- GFH GmbH
- IPG Photonics Corporation
- SPI Lasers Limited
- Laserage Technology Corporation
- Lenox Laser
- SCANTECH LASER PVT. LTD.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.