Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Laser cutting market could hit $3.77B in 2018

Photonics Spectra
Sep 2013
The laser cutting market is expected to reach $3.77 billion in 2018, according to MarketsandMarkets of Dallas. The value of that market was $2.08 billion in 2012 but will reach nearly $4 billion in 2018, at an estimated compound annual growth rate of 9.71 percent.

The rapid adoption of lasers in materials processing over the past decade to replace older mechanical tools has changed the market dramatically, and the laser cutting market is seeing positive growth because of more support from the government bodies, regulatory bodies and associations of various kinds, the company said, including rulings by the Federal Aviation Administration requiring laser marking of wires and parts, and the FDA’s push to have manufacturers mark equipment and drug packages.


GLOSSARY
fiber laser
A laser in which the lasing medium is an optical fiber doped with low levels of rare-earth halides to make it capable of amplifying light. Output is tunable over a broad range and can be broadband. Laser diodes can be used for pumping because of the fiber laser's low threshold power, eliminating the need for cooling.
Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x Subscribe to Photonics Spectra magazine - FREE!