The future Development Trend of the Laser Cutting Industry
At present, laser technology has been adopted by more and more industries, and the laser cutting industry is growing. Many experts predict that the laser cutting market will grow significantly from now to the next decade.
The laser cutting industry has reached an unprecedented height
It is understood that the laser cutting industry is expected to reach an unprecedented level of growth by 2018. It is estimated that by the end of this year, the industry value will reach about 3.77 billion US dollars, reaching $ 6.72 billion by 2024. Much of the growth is due to the fact that many industries are investing in laser cutting machines to replace older technologies, and many industries and regulators have increased their support for laser cutting in recent years. The new FDA and FAA requirements for laser-engraved parts and equipment information also contributed to the growth of the industry.
Fiber laser market will grow significantly
200W/300W 915nm Fiber Coupled Diode Laser
Not all laser cutting machines are the same, and there will be a significant growth area in 2018 for the fiber laser market. Although not as good at cutting thicker materials as CO2 lasers, fiber lasers do have advantages in some applications. When cutting thin materials, they are less expensive to maintain, easier to use, faster, and more efficient, so many companies invest in CO2 lasers to accomplish specific tasks. According to Transparency Market Research, the fiber laser market will maintain a growth rate of 4.6% per year between now and 2026.