The future for laser cutting sector set for growth
A recent reported has suggested that the future for the laser cutting sector for the next seven years looks set for growth thanks to a combination of economic growth, developing Regional markets and new technology. The report “Laser Cutting Machines: A Global Strategic Business Report” from Global Industry Analysts provides an up-to-date review of the latest market trends, growth drivers, mergers, acquisitions, and other strategic industry activities of major players worldwide.
Overall the report expects continued worldwide growth to 2020. The market for industrial laser applications had been affected by the economic downturn but growth returned in 2010 and the report expects that growth to continue. There are many factors for the growth. Traditional sectors that use laser cutting technology such as aerospace and automotive have seen post-recession growth. There has also been consumer-driven growth in GDP in most regions of the world. A third factor is the spiralling demand for smartphones and tablet PCs. Laser cutting machines are increasingly used for the production of integrated circuits, displays, and printed circuit boards (PCBs).
The report studied a variety of end-user applications including Material Processing, Telecommunications, Healthcare, Lithography, and Others. The report provides separate comprehensive analytics from the Americas, Japan, Europe, Asia-Pacific, Middle East/Africa, and Latin America providing annual estimates and forecasts for the period 2013 through 2020 and a seven-year historic analysis of the same markets.
Emerging technologies emerging such as ultra short pulse processing, additive manufacturing, laser-assisted processes and simulation and modelling are all expected to help sector growth. For example, ultra short laser pulses provide a fast and precise way of processing a wide range of materials without excessive heat input and are providing opportunities to deliver the benefits of laser technology where it was previously thought not possible because controlling the properties of melted materials was extremely difficult.
Another sector that is utilising laser technology is in the security sector – driven by both measures to protect internal borders and the ‘War Against Terror’. Lasers are being used to support long-range technology, battlefield weaponry and support and mapping services.