-- Laser cleaning market growth is because of the preference toward laser cleaning over traditional approach and the increasing demand for laser cleaning in various applications. The Laser Cleaning Market is estimated to be valued at USD 588.8 million in 2018 and is expected to be worth USD 723.9 million by 2023, growing at a CAGR of 4.22% between 2018 and 2023. Major players in the laser cleaning market include Coherent, Inc. (Coherent) (US), Trumpf Group (Trumpf) (Germany), IPG Photonics Corporation (IPG Photonics) (US), Adapt Laser Systems LLC (Adapt Laser) (US), and Clean Lasersysteme GmbH (Clean Lasersysteme) (Germany).
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Key Target Audience:
• Original equipment manufacturers (OEMs) (application or electronic product manufacturers)
• ODM and OEM technology solution providers
• Small and large technology centers
• Laser cleaning equipment companies
• Research institutes or organizations
• Market research and consulting firms
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
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“Increasing adoption of YAG for conservation and restoration has propelled the growth of automotive applications in the Laser cleaning market”
The laser cleaning market for conservation and restoration is expected to grow at the highest CAGR between 2018 and 2023. YAG lasers are being used predominantly for the cleaning of art and heritage sites, as well as infrastructure. As Nd : YAG laser cleaning systems have proved its potential in terms of cleaning sculptures made of inorganic materials such as marble, limestone, and sandstone without causing damage to the original substrate, it has gained a lot of traction for conservation and restoration. The use of automation is continuously increasing for laser surface preparation of metallic surfaces in the automotive and aerospace applications to support adhesive bonding with exceptional quality, repeatability, and reliability to ensure long-term adhesion performance and excellent electrical connectivity. This has led to the overall growth of laser cleaning systems in automotive and aerospace applications.
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“APAC and North America are the major markets for the laser cleaning market”
The laser cleaning market, on the basis of region, has been segmented into North America, Europe, APAC, and RoW. North America is accounted for the largest share of the laser cleaning market in 2018, followed by Europe and Asia Pacific (APAC). There is an increase in the demand for gas lasers in North America owing to the establishment of the manufacturing sector in the region. Laser cleaning systems are mainly used for the conservation and restoration of antique items and in automotive and aerospace industries and power plants. Some of the key manufacturers in the laser cleaning market in North America are Coherent (US), IPG Photonics Corporation (US), General Lasertronics (US), and LASERAX (Canada).
The breakup of the profile of primary participants is given below:
• By Company Type: Tier 1 = 35%, Tier 2 = 40%,and Tier 3 = 25%
• By Designation: C-Level Executives = 50%, Directors = 35%, and Others = 15%
• By Region: North America = 35%, Europe = 22%, APAC = 30%, and RoW = 13%
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