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Laser Drilling Market- Global Industry Analysis By Technology, by Application & by region - Forecast(2024 - 2030)
Laser Drilling Market Size is forecast to reach $ 6143.9 Million by 2030, at a CAGR of 9.10% during forecast period 2024-2030.Since the past few decades, industrialization and urbanization coupled with the tremendous usage of motorized vehicles has resulted in an immense demand for petroleum products across the world. According to the statistics compiled by the U.S. Energy Information Administration, the petroleum consumption in U.S. alone reached 19.96 million barrels per day in the year 2017. These findings are an attenuated representation of the ubiquity of the petroleum demand across the world. As a consequence, to cater the perpetually rising demand for petroleum products, the oil and gas industry is constantly advancing towards deploying innovative technologies in oil and gas exploration and production process. Moreover, a discernible requirement for high accurate oil and gas exploration is incepted. In the need of an hour, laser drilling technology aided the oil and gas industries with its capability to drill rocks, during oil well drilling operations, with high accuracy, ultra precision and enhanced efficiency with minimal environmental degradation. Moreover, the innovation of different laser drilling types such as CO2 laser drilling and YAG laser drilling, further made the expensive process of oil and gas production more efficient, accurate, and productive. This is the major factor creating the prime impetus for the increasing adoption of laser drilling technology. Moreover, the global oil and gas industry is flourishing rapidly and major market players are making investments to cater to the propelling demand for petroleum products. For instance, oil and gas industry in India, is anticipated to gain $25 billion investments, by 2022, in exploration and production, according to the India Brand Equity Foundation (IBEF). It can be easily fathomed that increasing investments in the oil and gas exploration and production is further facilitating the adoption of advanced technologies including laser drilling. Therefore, the burgeoning oil and gas industry is providing the growth prospects for the laser drilling market.
Laser Drilling Market Leveraging Manufacturing Industries in APAC Region—
Geographically, APAC region dominated demand in the laser drilling market, with a 33.85% share in 2018. The booming automotive, aerospace, electronics and ceramics industries in the emerging economies of this region such as India, Japan, and chain are increasingly adopting laser drilling technology. This is attributed to the benefits associated with laser drilling such as low operating cost, high consistency, and ease of operation. The laser drilling technologies such as semiconductor laser drilling and femtosecond laser drilling are predominantly adopted by the electronics industry for the usage in the manufacturing process of printed circuit boards and miniaturization of electronic products. Therefore the growth in the electronics industry in this region is benefiting the growth of the laser drilling market. The growth of the electronics market in this region can be deduced from the growth of electronics industry in India, as it is one of the largest electronics markets in the world. According to the statistics by Invest India, the Indian electronics industry is anticipated to reach $228 billion by 2020 from over $100 billion in 2016-17. Thus, the booming manufacturing industries in India and China are considered to be the prime factors that have rendered APAC with maximum market share.
Laser Drilling Market: Key Application Segment
On the basis of applications the laser drilling market is segmented into electronic, ceramics, automotive and aerospace. Out of these, the automotive and aerospace industries generated maximum demand for the market. High precision drilling operations with high speed is required in automotive and aerospace industries. These requisites are met by laser drilling services thus gaining traction for the same. Therefore the key application segment is anticipated to grow at a CAGR of 8.77% through 2025.
Laser Drilling Market Growth Drivers:
- Decrease in Operation Times:
The laser drilling process takes very less time when compared with traditional drilling processes. This is the main reason for the unprecedented endorsement for laser drilling from industries such as automotive, oil and gas, and aerospace. The reduction in production times is driving the growth of laser drilling market.
- High Precision and Accuracy:
Laser drilling is a process that has high precision and accuracy. Holes with high precision and consistency can be drilled with laser drilling. These benefits associated with laser drilling are fuelling the demand for the same.
Laserage Technology Corporation is the one of the major company in the laser drilling market. Recently it acquired Directed Light’s Laser Processing Division. This acquisition is merely to meet the demand for laser drilling services.
Other companies that are crusading for the majority share in the global laser drilling market are EDAC Technologies Corporation, Rofin-Sinar Technologies, Inc., JK lasers, Resonetics, Lenox Laser, IPG Photonics Corporation, and Scantech Laser Pvt. Ltd.
https://industryarc.com/support.php?id=15428
Related Reports:
a) Laser Processing Machine Market
https://www.industryarc.com/Report/18057/laser-processing-machine-market.html
b) Laser Technology Market
https://www.industryarc.com/Report/15763/laser-technology-market.html
The Top 5 companies in Laser Drilling Market are:
- Coherent Inc.
- IPG Photonics Corporation
- GFH GmbH
- Laserage Technology Corporation
- Resonetics
List of Tables
Table 1 Laser Drilling Market Overview 2023-2030
Table 2 Laser Drilling Market Leader Analysis 2023-2030 (US$)
Table 3 Laser Drilling MarketProduct Analysis 2023-2030 (US$)
Table 4 Laser Drilling MarketEnd User Analysis 2023-2030 (US$)
Table 5 Laser Drilling MarketPatent Analysis 2013-2023* (US$)
Table 6 Laser Drilling MarketFinancial Analysis 2023-2030 (US$)
Table 7 Laser Drilling Market Driver Analysis 2023-2030 (US$)
Table 8 Laser Drilling MarketChallenges Analysis 2023-2030 (US$)
Table 9 Laser Drilling MarketConstraint Analysis 2023-2030 (US$)
Table 10 Laser Drilling Market Supplier Bargaining Power Analysis 2023-2030 (US$)
Table 11 Laser Drilling Market Buyer Bargaining Power Analysis 2023-2030 (US$)
Table 12 Laser Drilling Market Threat of Substitutes Analysis 2023-2030 (US$)
Table 13 Laser Drilling Market Threat of New Entrants Analysis 2023-2030 (US$)
Table 14 Laser Drilling Market Degree of Competition Analysis 2023-2030 (US$)
Table 15 Laser Drilling MarketValue Chain Analysis 2023-2030 (US$)
Table 16 Laser Drilling MarketPricing Analysis 2023-2030 (US$)
Table 17 Laser Drilling MarketOpportunities Analysis 2023-2030 (US$)
Table 18 Laser Drilling MarketProduct Life Cycle Analysis 2023-2030 (US$)
Table 19 Laser Drilling MarketSupplier Analysis 2023-2030 (US$)
Table 20 Laser Drilling MarketDistributor Analysis 2023-2030 (US$)
Table 21 Laser Drilling Market Trend Analysis 2023-2030 (US$)
Table 22 Laser Drilling Market Size 2023 (US$)
Table 23 Laser Drilling Market Forecast Analysis 2023-2030 (US$)
Table 24 Laser Drilling Market Sales Forecast Analysis 2023-2030 (Units)
Table 25 Laser Drilling Market, Revenue & Volume,By Technology, 2023-2030 ($)
Table 26 Laser Drilling MarketBy Technology, Revenue & Volume,By Percussion Laser Drilling, 2023-2030 ($)
Table 27 Laser Drilling MarketBy Technology, Revenue & Volume,By Trepanning Laser Drilling, 2023-2030 ($)
Table 28 Laser Drilling Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 29 Laser Drilling MarketBy Application, Revenue & Volume,By Automotive, 2023-2030 ($)
Table 30 Laser Drilling MarketBy Application, Revenue & Volume,By Aerospace, 2023-2030 ($)
Table 31 Laser Drilling MarketBy Application, Revenue & Volume,By Ceramic, 2023-2030 ($)
Table 32 Laser Drilling MarketBy Application, Revenue & Volume,By Electronic Industries, 2023-2030 ($)
Table 33 North America Laser Drilling Market, Revenue & Volume,By Technology, 2023-2030 ($)
Table 34 North America Laser Drilling Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 35 South america Laser Drilling Market, Revenue & Volume,By Technology, 2023-2030 ($)
Table 36 South america Laser Drilling Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 37 Europe Laser Drilling Market, Revenue & Volume,By Technology, 2023-2030 ($)
Table 38 Europe Laser Drilling Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 39 APAC Laser Drilling Market, Revenue & Volume,By Technology, 2023-2030 ($)
Table 40 APAC Laser Drilling Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 41 Middle East & Africa Laser Drilling Market, Revenue & Volume,By Technology, 2023-2030 ($)
Table 42 Middle East & Africa Laser Drilling Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 43 Russia Laser Drilling Market, Revenue & Volume,By Technology, 2023-2030 ($)
Table 44 Russia Laser Drilling Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 45 Israel Laser Drilling Market, Revenue & Volume,By Technology, 2023-2030 ($)
Table 46 Israel Laser Drilling Market, Revenue & Volume,By Application, 2023-2030 ($)
Table 47 Top Companies 2023 (US$)Laser Drilling Market, Revenue & Volume,,
Table 48 Product Launch 2023-2030Laser Drilling Market, Revenue & Volume,,
Table 49 Mergers & Acquistions 2023-2030Laser Drilling Market, Revenue & Volume,,
List of Figures
Figure 1 Overview of Laser Drilling Market 2023-2030
Figure 2 Market Share Analysis for Laser Drilling Market 2023 (US$)
Figure 3 Product Comparison in Laser Drilling Market 2023-2030 (US$)
Figure 4 End User Profile for Laser Drilling Market 2023-2030 (US$)
Figure 5 Patent Application and Grant in Laser Drilling Market 2013-2023* (US$)
Figure 6 Top 5 Companies Financial Analysis in Laser Drilling Market 2023-2030 (US$)
Figure 7 Market Entry Strategy in Laser Drilling Market 2023-2030
Figure 8 Ecosystem Analysis in Laser Drilling Market2023
Figure 9 Average Selling Price in Laser Drilling Market 2023-2030
Figure 10 Top Opportunites in Laser Drilling Market 2023-2030
Figure 11 Market Life Cycle Analysis in Laser Drilling Market
Figure 12 GlobalBy TechnologyLaser Drilling Market Revenue, 2023-2030 ($)
Figure 13 GlobalBy ApplicationLaser Drilling Market Revenue, 2023-2030 ($)
Figure 14 Global Laser Drilling Market - By Geography
Figure 15 Global Laser Drilling Market Value & Volume, By Geography, 2023-2030 ($)
Figure 16 Global Laser Drilling Market CAGR, By Geography, 2023-2030 (%)
Figure 17 North America Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 18 US Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 19 US GDP and Population, 2023-2030 ($)
Figure 20 US GDP – Composition of 2023, By Sector of Origin
Figure 21 US Export and Import Value & Volume, 2023-2030 ($)
Figure 22 Canada Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 23 Canada GDP and Population, 2023-2030 ($)
Figure 24 Canada GDP – Composition of 2023, By Sector of Origin
Figure 25 Canada Export and Import Value & Volume, 2023-2030 ($)
Figure 26 Mexico Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 27 Mexico GDP and Population, 2023-2030 ($)
Figure 28 Mexico GDP – Composition of 2023, By Sector of Origin
Figure 29 Mexico Export and Import Value & Volume, 2023-2030 ($)
Figure 30 South America Laser Drilling MarketSouth America 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 31 Brazil Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 32 Brazil GDP and Population, 2023-2030 ($)
Figure 33 Brazil GDP – Composition of 2023, By Sector of Origin
Figure 34 Brazil Export and Import Value & Volume, 2023-2030 ($)
Figure 35 Venezuela Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 36 Venezuela GDP and Population, 2023-2030 ($)
Figure 37 Venezuela GDP – Composition of 2023, By Sector of Origin
Figure 38 Venezuela Export and Import Value & Volume, 2023-2030 ($)
Figure 39 Argentina Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 40 Argentina GDP and Population, 2023-2030 ($)
Figure 41 Argentina GDP – Composition of 2023, By Sector of Origin
Figure 42 Argentina Export and Import Value & Volume, 2023-2030 ($)
Figure 43 Ecuador Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 44 Ecuador GDP and Population, 2023-2030 ($)
Figure 45 Ecuador GDP – Composition of 2023, By Sector of Origin
Figure 46 Ecuador Export and Import Value & Volume, 2023-2030 ($)
Figure 47 Peru Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 48 Peru GDP and Population, 2023-2030 ($)
Figure 49 Peru GDP – Composition of 2023, By Sector of Origin
Figure 50 Peru Export and Import Value & Volume, 2023-2030 ($)
Figure 51 Colombia Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 52 Colombia GDP and Population, 2023-2030 ($)
Figure 53 Colombia GDP – Composition of 2023, By Sector of Origin
Figure 54 Colombia Export and Import Value & Volume, 2023-2030 ($)
Figure 55 Costa Rica Laser Drilling MarketCosta Rica 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 56 Costa Rica GDP and Population, 2023-2030 ($)
Figure 57 Costa Rica GDP – Composition of 2023, By Sector of Origin
Figure 58 Costa Rica Export and Import Value & Volume, 2023-2030 ($)
Figure 59 Europe Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 60 U.K Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 61 U.K GDP and Population, 2023-2030 ($)
Figure 62 U.K GDP – Composition of 2023, By Sector of Origin
Figure 63 U.K Export and Import Value & Volume, 2023-2030 ($)
Figure 64 Germany Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 65 Germany GDP and Population, 2023-2030 ($)
Figure 66 Germany GDP – Composition of 2023, By Sector of Origin
Figure 67 Germany Export and Import Value & Volume, 2023-2030 ($)
Figure 68 Italy Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 69 Italy GDP and Population, 2023-2030 ($)
Figure 70 Italy GDP – Composition of 2023, By Sector of Origin
Figure 71 Italy Export and Import Value & Volume, 2023-2030 ($)
Figure 72 France Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 73 France GDP and Population, 2023-2030 ($)
Figure 74 France GDP – Composition of 2023, By Sector of Origin
Figure 75 France Export and Import Value & Volume, 2023-2030 ($)
Figure 76 Netherlands Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 77 Netherlands GDP and Population, 2023-2030 ($)
Figure 78 Netherlands GDP – Composition of 2023, By Sector of Origin
Figure 79 Netherlands Export and Import Value & Volume, 2023-2030 ($)
Figure 80 Belgium Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 81 Belgium GDP and Population, 2023-2030 ($)
Figure 82 Belgium GDP – Composition of 2023, By Sector of Origin
Figure 83 Belgium Export and Import Value & Volume, 2023-2030 ($)
Figure 84 Spain Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 85 Spain GDP and Population, 2023-2030 ($)
Figure 86 Spain GDP – Composition of 2023, By Sector of Origin
Figure 87 Spain Export and Import Value & Volume, 2023-2030 ($)
Figure 88 Denmark Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 89 Denmark GDP and Population, 2023-2030 ($)
Figure 90 Denmark GDP – Composition of 2023, By Sector of Origin
Figure 91 Denmark Export and Import Value & Volume, 2023-2030 ($)
Figure 92 APAC Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 93 China Laser Drilling MarketValue & Volume, 2023-2030
Figure 94 China GDP and Population, 2023-2030 ($)
Figure 95 China GDP – Composition of 2023, By Sector of Origin
Figure 96 China Export and Import Value & Volume, 2023-2030 ($)Laser Drilling MarketChina Export and Import Value & Volume, 2023-2030 ($)
Figure 97 Australia Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 98 Australia GDP and Population, 2023-2030 ($)
Figure 99 Australia GDP – Composition of 2023, By Sector of Origin
Figure 100 Australia Export and Import Value & Volume, 2023-2030 ($)
Figure 101 South Korea Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 102 South Korea GDP and Population, 2023-2030 ($)
Figure 103 South Korea GDP – Composition of 2023, By Sector of Origin
Figure 104 South Korea Export and Import Value & Volume, 2023-2030 ($)
Figure 105 India Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 106 India GDP and Population, 2023-2030 ($)
Figure 107 India GDP – Composition of 2023, By Sector of Origin
Figure 108 India Export and Import Value & Volume, 2023-2030 ($)
Figure 109 Taiwan Laser Drilling MarketTaiwan 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 110 Taiwan GDP and Population, 2023-2030 ($)
Figure 111 Taiwan GDP – Composition of 2023, By Sector of Origin
Figure 112 Taiwan Export and Import Value & Volume, 2023-2030 ($)
Figure 113 Malaysia Laser Drilling MarketMalaysia 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 114 Malaysia GDP and Population, 2023-2030 ($)
Figure 115 Malaysia GDP – Composition of 2023, By Sector of Origin
Figure 116 Malaysia Export and Import Value & Volume, 2023-2030 ($)
Figure 117 Hong Kong Laser Drilling MarketHong Kong 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 118 Hong Kong GDP and Population, 2023-2030 ($)
Figure 119 Hong Kong GDP – Composition of 2023, By Sector of Origin
Figure 120 Hong Kong Export and Import Value & Volume, 2023-2030 ($)
Figure 121 Middle East & Africa Laser Drilling MarketMiddle East & Africa 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 122 Russia Laser Drilling MarketRussia 3D Printing Market Value & Volume, 2023-2030 ($)
Figure 123 Russia GDP and Population, 2023-2030 ($)
Figure 124 Russia GDP – Composition of 2023, By Sector of Origin
Figure 125 Russia Export and Import Value & Volume, 2023-2030 ($)
Figure 126 Israel Laser Drilling Market Value & Volume, 2023-2030 ($)
Figure 127 Israel GDP and Population, 2023-2030 ($)
Figure 128 Israel GDP – Composition of 2023, By Sector of Origin
Figure 129 Israel Export and Import Value & Volume, 2023-2030 ($)
Figure 130 Entropy Share, By Strategies, 2023-2030* (%)Laser Drilling Market
Figure 131 Developments, 2023-2030*Laser Drilling Market
Figure 132 Company 1 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 133 Company 1 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 134 Company 1 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 135 Company 2 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 136 Company 2 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 137 Company 2 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 138 Company 3Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 139 Company 3Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 140 Company 3Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 141 Company 4 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 142 Company 4 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 143 Company 4 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 144 Company 5 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 145 Company 5 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 146 Company 5 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 147 Company 6 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 148 Company 6 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 149 Company 6 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 150 Company 7 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 151 Company 7 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 152 Company 7 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 153 Company 8 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 154 Company 8 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 155 Company 8 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 156 Company 9 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 157 Company 9 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 158 Company 9 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 159 Company 10 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 160 Company 10 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 161 Company 10 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 162 Company 11 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 163 Company 11 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 164 Company 11 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 165 Company 12 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 166 Company 12 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 167 Company 12 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 168 Company 13Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 169 Company 13Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 170 Company 13Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 171 Company 14 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 172 Company 14 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 173 Company 14 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)
Figure 174 Company 15 Laser Drilling Market Net Revenue, By Years, 2023-2030* ($)
Figure 175 Company 15 Laser Drilling Market Net Revenue Share, By Business segments, 2023 (%)
Figure 176 Company 15 Laser Drilling Market Net Sales Share, By Geography, 2023 (%)