Few
scientific discoveries of the 20th century have demonstrated a range
of industrial applications as wide as lasers, or more accurately,
LASERs – an acronym for light amplification by stimulated emission
of radiation. Lasers make for a powerful source of light, exhibiting
extraordinary properties absent in conventional sources of light. The
unique attribute of lasers lies in the way their light waves travel
long distances with little divergence. Concentration of energy at an
extremely high intensity, which remains almost constant through the
long distance it travels due to low divergence, is the remarkable
feature of lasers.
Browse
the full Laser Processing Market Report at
Compared
to conventional arc or a flame, it is easier to control a laser beam
and locate it more precisely. The intense heat generated by laser
absorption in various metal surfaces is used for industrial purposes
such as welding, precision cutting, marking and engraving, and
drilling without damaging the material. Owing to such qualities, the
application of laser processing has exponentially increased across
several industries
Transparency
Market Research recently conducted a survey to study the growth
trajectory of laser processing across industries. The research
revealed that the global laser processing market, which stood at
US$8.76 billion in 2013, is anticipated to reach US$17.26 billion by
2020. If the figures hold true, the global market for laser
processing will rise at a positive 10.2% CAGR between 2014 and 2020.
Laser
Technology Applications in Materials Processing and Environmental
Processes
Laser
technology has already emerged as an essential tool for materials
processing in industries and environmental processes. Laser
technology offers high efficiency and better brightness compared to
conventional sources of light. The process also enables the
processing and monitoring of remote non-contact materials and visibly
shortens the time consumed for processing.
Many
consumers use laser processed products on a daily basis without even
realizing it. Be it the cars we drive, the cellphones we use, or even
the food we eat, a wide variety of products are nowadays controlled
and processed with the help of lasers.
Since
its discovery, laser technology has offered revolutionary solutions
in the field of environmental monitoring. Some of the most common
examples of the atmospheric deployment of laser technology are
profiling of temperature, humidity, and density of air, observing
stratospheric aerosols, detecting hazardous greenhouse gases, and
monitoring of pollutants.
The
most common applications of laser technology in industries include:
Owing
to its diverse applications, laser technology is increasingly used to
engrave permanent markings on electronic equipment, consumer goods,
and other products.
Governments
in various nations have imposed stringent regulations to ensure clear
markings on consumer products such as pharmaceuticals, food, and
others, which significantly boosts the demand for laser processing
across industries.
High
power pump diode lasers are used in several industrial applications
such as printing, marking, plastic wielding, or scanning. The demand
for high power diode laser solutions has handed the segment a
competitive position in the global laser processing market due to its
cost efficiency and compactness.
Lasers
have also been widely deployed in test and measurement applications
in several industries.
Browse
Press Release
Spurred
by such widespread applications across industries, the laser
processing market is likely to register exponential growth in the
next four to five years.
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=s&rep_id=3297
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.
Atil Chaudhari
90
State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
USA
- Canada Toll Free: 866-552-3453
Website:
http://www.transparencymarketresearch.com
