Views: 10 Author: Leapion Publish Time: 05-09-2022 Origin: https://www.leapion.com/
With the rapid growth in power and speed of fiber laser technology, it has brought a huge impact on the industry. Fiber laser machines became a production reality in 2010 and are currently available at 10-12kW. The main impact of the new generation of fiber lasers is that some form of automation is absolutely necessary. The capabilities and speeds of these lasers far exceed the physical capabilities of laser operators and traditional ways of handling CO2 lasers.
The global laser cutting machine market is expected to grow by USD 851.39 million between 2020 and 2025. Governments around the world are rolling out several initiatives to support the growth sector of the manufacturing sector. The growing shift towards the smart factory concept is increasing the installation of robots and automated machinery in various industries. Furthermore, factors such as increasing vehicle sales, expansion of production facilities by manufacturers, and rising defense spending globally will create significant growth opportunities for laser cutting machine manufacturers over the forecast period.
End users in the market are using automation software to integrate separate stand-alone laser cutting machines into production lines. This enables industrial plants to be partially automated, thereby increasing productivity and reducing the need for manual labor. Automated laser cutters can also perform operations without operator guidance, requiring significantly less time, eliminating errors, and minimizing raw material waste. Many of these benefits are encouraging manufacturers to adopt automation, which is propelling the growth of the market.
The number of air passengers has been increasing significantly, especially in developing countries with rising disposable incomes and lower fuel costs. In addition, growth in international tourism and increased investments in aerospace and defense industries have increased the demand for specialized high-strength light alloys for the manufacture of aircraft parts and airframes. This drives the demand for sheet metal processing machines, such as laser cutters, from OEMs and manufacturers to ensure high precision and efficiency. In addition, the increasing complexity of aircraft parts requires the use of laser cutters. All these factors will positively influence the growth of the global laser cutting machine market during the forecast period.
Finally, looking at a set of data, the global laser market continues to grow. The fiber laser market is expected to grow by $8.33 billion between 2020 and 2024, with a compound annual growth rate of 11%. The compound annual growth rate of gas lasers is expected to be 9.4% in the next decade.
As can be seen from the data above, fiber lasers will continue to dominate the market for some time; but as seen from previous industry trends, rapid technological advancement means things can change in a short period of time.
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