Laser Cutting Machines Market Size To Reach $6.72 Billion By 2024: Grand View Research, Inc.8/10/2018 The global laser cutting machines market is expected to reach USD 6.72 billion by 2024, according to a new report by Grand View Research, Inc. Increasing use of fiber, CO2 and Yttrium Aluminum Garnet (YAG) lasers in the cutting applications such as consumer electronics and industrial sectors is expected to augment the demand for the laser cutting machines market.
Consumer electronics is anticipated to be the fastest-growing sector owing to the rising implementation of lasers in material processing applications such as cutting, welding, and engraving. Moreover, the need for high power input and efficiency-based cutters are driving the demand for laser cutting machines over the forecast period. Developments of novel process lasers to optimize the production of customized three-dimensional glass components and a shift from conventional semiconductor lasers to quantum cascade lasers are expected to increase the demand for these machines. Continuous technological advancements in the laser technology are enabling manufacturers to invest in research and development to gain a competitive advantage. Moreover, the end-use industry is replacing the conventional cutting technology with laser cutting owing to the demand for high-speed cutting and drilling. Full Research Report On Global Laser Cutting Machines Market By Grand View Research: www.grandviewresearch.com/industry-analysis/laser-cutting-machine-market Further key findings from the study suggest:
www.grandviewresearch.com/industry/semiconductors Grand View Research has segmented the laser cutting machines market on the basis of technology, process, application, and region: Laser Cutting Machines Technology Outlook (Revenue, USD Billion; 2015 - 2024)
www.grandviewresearch.com/press-release/global-laser-cutting-machine-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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