According to a market report by Lucintel, the future of the global laser cutting machine market looks promising with opportunities in the automotive, consumer electronic, defense and aerospace, and industrial markets. The global laser cutting machine market is expected to reach an estimated $10.3 billion by 2030 with a CAGR of 8.6% from 2024 to 2030.

The major drivers for this market are growing adoption of industry 4.0 technologies like automation, data analytics, and the Internet of Things (IoT) and rising human intervention provided by industry 4.0 solutions to improve the operating cost-efficiency, decrease downtime, and enhance the overall production.

A more than 150 – page report is developed to understand trends, opportunity and forecast in laser cutting machine to 2030 by technology (solid state lasers, gas lasers, and semiconductor lasers), process (fusion cutting, flame cutting, and sublimation cutting), application (automotive, consumer electronics, defense and aerospace, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, solid state lasers, gas lasers, and semiconductor lasers are the major segments of laser cutting machine market by technology . Lucintel forecast that solid state lasers will remain the highest growing segment over the forecast period due to growing usage of these machines in various industries, such as automotive, pharma, and optical sectors for precision cutting.

Within this market, industrial will remain the largest segment due to growing manufacturing ouput across various developing countries.

APAC will remain the largest region over the forecast period due to strong presence of the manufacturing industry along with increasing demand of consumer electronics and automotive industriesin the region.

Alpha Laser, Amada Miyachi, Bystronic, Dpss Laser, Epilog Lasers, Fanuc Corporation, Ipg Photonics Corporation, Jenoptik Laser, Kern Lasers System, and Rofin-Sinar Technologies are the major suppliers in the laser cutting machine market.

"This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com