Lucrative advantages of laser process over conventional material processing technologies are expected to drive growth of the global laser processing market during the forecast period

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2. Table of Contents
1. Research Objectives and Assumptions
2. Market Purview
3. Market Dynamics, Regulations, and Trends Analysis
4. Impact of COVID-19 Pandemic on Laser Processing Market
5. Global Laser Processing Market, By Product Type, 2017-2027 (US$ Million)
6. Global Laser Processing Market, By Process, 2017-2027 (US$ Million)
7. Global Laser Processing Market, By Application, 2017-2027 (US$ Million)
8. Global Laser Processing Market, By Region, 2017-2027 (US$ Million)
9. Competitive Landscape
10. Section
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3. Report Highlights
 Light amplification by stimulated emission of radiation or LASER is used in various applications
such as industrial and commercial. These industrial processes include engraving, material
processing, marking, and other micro-processing. It is also used for cutting, welding, drilling, etc.
processes. Laser is also used for marking/engraving consumer goods, electronic components,
and other parts used in industries. This technology is widely being used in numerous end-use
industries which include automotive, aerospace, original equipment manufacturers (OEM),
electronics, medical, packaging, and others.
 Prominent Regions-
1. Africa
2. Latin America
3. North America
4. Middle East
5. Europe
6. Asia Pacific
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4. Report Highlights
 The global laser processing market is estimated to account for US$ 34,785.7 Mn in
terms of value by the end of 2027.
 Keyplayers operating in the global laser processing market are Trumpf GmbH + Co. KG,
Prima Industrie S.p.A., Universal Laser Systems Inc., Epilog Laser Inc., Coherent Inc.,
Eurolaser GmbH, IPG Photonics Corporation, Bystronic Laser AG, Newport Corporation,
and Rofin-Sinar Technologies Inc.
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5. Report Highlights
 Restraints & Challenges-
• High initial cost involved in laser processing machines is expected to hamper the global
laser processing market growth over the forecast period
• Growing environmental concerns regarding rare earth elements mining are expected to
hinder the global laser processing market growth over the forecast period
 Growth Drivers-
• Growing application of laser in medical surgeries and devices is expected to propel the
global laser processing market growth over the forecast period
• Lucrative advantages of laser process over conventional material processing
technologies are expected to drive growth of the global laser processing market during
the forecast period
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