INDUSTRIAL LASER SYSTEMS MARKET ANALYSIS

Regional Analysis

Global Industrial Laser Systems Market: Regional Insights

The global industrial laser systems market is geographically divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America is expected to gain major share in the global industrial laser systems market over the forecast period, owing to technological developments in several industries such as aerospace, manufacturing, automotive, and others. Along with this, growing investment in development of laser technology solutions by companies among SME and startups across the region is also expected to drive growth of the market in this region. For instance, UAVenture Capital Fund, invested in DeUVe Photonics Inc. for improvising the technology, which enables the company to become a key player in developing and existing deep UV laser markets.

Asia Pacific is also expected to drive growth of the global industrial laser systems market over the forecast period. This can be attributed to the increasing growth of industries such as Medical and Automotive, and rise in investment by market players into development and growth of their companies. Along with this, the increasing R&D activities across the region to achieve stable and high-quality results is also driving growth of the market across Asia Pacific region. For instance, Farsoon Technologies created an additive manufacturing process that can print structures made from entirely copper with the use of standard fiber lasers.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa