CO2 Laser Market: By Application (Therapeutic & Diagnostics, LIDAR Imaging, Cutting & Perforations, Welding, Drilling), By Output Power (Up to 50 W, 50 W to 500 W, 500 W to 1000 W, Above 1000 W), by End User (Military & Defense, Aerospace, Metal Processing, Healthcare, Manufacturing, Automotive, and Telecommunication), and Geography

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$ 3000
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CO2 Laser Market was valued at USD 501.5 Million in 2021 and is poised to grow at a significant CAGR of 4.7% over 2022–2028. The increasing number of demanding applications and market demands define many lasers development trends. Much more than 5 kW, which is currently the maximum for most applications, high-output power lasers are needed for welding and cutting of massive steel sections as well as for high-speed surface treatment. Enhancing beam quality is a second tendency, and high beam-quality systems are necessary for advanced applications in quality control and precision processing, such as fine cutting, high-speed cutting, and high-speed welding. In addition to these technological factors, market growth necessitates CO2 lasers that can be produced at prices much lower than those of conventional systems to remain competitive globally and open up new applications and markets for CO2 lasers. Moreover, constructed lasers have demonstrated a 5000-hour active life and a 7-year shelf life. New ceramic bonding methods have been created with the demand for more portable, affordable, and potent lasers. Prototype lasers have been built to define design guidelines and technologies for folded waveguide routes. This has led to a higher power from compact, smaller-sized devices. Due to technological developments, a waveguide laser is now a practical tool for industrial, medical, and military use. Due to medical equipment's growing technology and design complexity, CO2 laser systems are being used by manufacturers of medical devices more and more. Numerous substrates can be cut with excellent details using CO2 laser systems. Exotic-grade metals can be welded with CO2 lasers as well as a variety of other materials. These laser welding capabilities are widely used in fabricating thin-walled, and tubular medical components since fusing the metals would be a complex operation without them. Due to the shift to high-precision machining, there will be a demand for highly effective CO2 lasers during the projected period. However, various factors, such as market conditions, government support, and business advancements, have an impact on the players' growth. With the increased use of laser machining in the industrial context, CO2 laser users and manufacturers are experimenting with new laser types.

Co2 Laser Market Summary

Study Period

2023-29

Base Year

2022

CAGR

4.7%

Largest Market

Asia Pacific

Fastest Growing Market

North America
CO2 Laser Market Dynamics

Numerous industry sectors, as well as the medical and diagnostics fields, use CO2 lasers. CO2 lasers quickly and accurately cut materials with variable thicknesses into very exact shapes. As a result, they are used to cut, weld, and drill components of all sizes, from extremely small to enormous. In demand for aesthetic procedures, such as skin lesion removal and anti-aging procedures, are CO2 lasers. Additionally, it is employed in several intricate surgical procedures like neurosurgery, spine surgery, and ophthalmology when significant blood loss is predicted, and extensive excisions are necessary. However, the market's expansion is constrained by laser surgery's high cost and side effects.

Key Features of the Reports

  • The CO2 laser market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Co2 Laser Market Segmentation

By Application
  • Therapeutic & Diagnostics
  • LIDAR Imaging
  • Cutting & Perforations
  • Welding
  • Drilling
Output Power
  • Up to 50 W
  • 50 W to 500 W
  • 500 W to 1000 W
  • Above 1000 W
end user
  • Military & Defense
  • Aerospace
  • Metal Processing
  • Healthcare
  • Manufacturing
  • Automotive
  • Telecommunication

Frequently Asked Questions

The CO2 laser market is projected to expand at a CAGR of 4.7% during the forecast period

AMTEC, Epilog Laser, Control Laser Corporation USA, Kern Electronics & Lasers, Inc., PRC Laser Corporation

Asia Pacific is the fastest-growing region for CO2 laser market

  • TRUMPF
  • Coherent, Inc.
  • FANUC CORPORATION
  • Han’s Laser Technology Industry Group Co., Ltd
  • En. S.p.A.
  • LIGHTMACHINERY, INC
  • AMTEC
  • Epilog Laser
  • Control Laser Corporation USA
  • Kern Electronics & Lasers, Inc.
  • PRC Laser Corporation