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World Carbon-dioxide and Solid-state Lasers Markets
Frost & Sullivan, Dec 2006, Pages: 75
This Frost & Sullivan research service titled World Carbon-dioxide and Solid-state Lasers Market provides a comprehensive listing of the market sizing, technology trends, geographical trends, revenue forecasts, along with extensive analysis of the drivers, restraints, and industry challenges impacting laser manufacturers In this research service, Frost & Sullivan's expert analysts thoroughly examine carbon dioxide lasers, solid-state lasers markets and their applications in various industries such as the machine tool, medical, science and research, and other industries.
This analysis is available through our Industrial Automation & Process Control Growth Partnership Service program. With this program, clients receive industry-leading market research such as this, along with technical and econometric data and many interactive features including Analyst Inquiry Time and Client Councils. For more information on this custom subscription service, please click here.
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Ability to Process Multiple Applications Fuels Development of Laser Technologies
With increasing application in more end-user industries, the laser industry is seeing rapid growth. The quick set-up time and flexibility that lasers offer during the manufacturing process is highly attractive to end users. In response to the demand for high endurance technologies, the laser industry is investing heavily in the advancement and development of robust technologies such as carbon-dioxide and solid-state lasers. The market is already experiencing phenomenal growth owing to the increasing level of end-user acceptance, especially in Asia Pacific, Eastern Europe and South America.
'The lasers’ ability to process multiple applications has been a compelling factor in market growth,' says the analyst of this research service. 'On the touch of the button, the laser starts functioning to address the given need.' This cross-functioning ability of the laser, which is not possible with the conventional systems, encourages its growth in the end-user industry. Laser technology has enabled superior levels of manufacturing quality through its ability to attain zero level of heat affected zones (HAZ), which are usually observed in the material processing while using conventional tools.
Determined Efforts by Laser Manufacturers to Improve End-user Awareness Helps Overcome Several Market Challenges
Though laser has cost-versus-benefit advantage over conventional tools, the investment required for the purchase and installation of laser can prove prohibitive. Besides, the operational costs, in terms of the maintenance, downtime, and other functional costs associated with the usage of laser affect end-user profitability. Finding skilled professionals with technical know-how and the associated expenses to train the newly recruited personnel to handle processes involving laser-based solutions is also likely to be a challenge.
Nonetheless, market participants that were reluctant to replace conventional technology are at present being increasingly motivated to replace legacy systems with the laser technology. This is mainly due to the persistent efforts and measures taken up by almost every manufacturer to improve the awareness levels of the end users. 'Manufacturers are also emphasising on training programs, seminars, workshops to build teams of skilled people who can come up with solutions, in case of any trouble with the laser usage at the end-user base,' adds the analyst.
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