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Co2 laser market
CO2 lasers, most often referred to as gas lasers, are the most commonly used lasers. In these lasers, electricity is discharged through a gaseous medium which helps produce a laser beam. It works on the principle of converting electrical energy into laser light output and focuses a high intensity laser beam using a series of mirrors and exits through a nozzle. Carbon dioxide laser (CO2 laser) was one of the first gas lasers to be developed and is widely used for material processing applications, such as precision cutting, heat treatment of metals and non -metals and welding, among others.
Gas lasers are widely used for their many advantages, such as the efficiency of working with thicker materials and the ability to produce a smoother surface finish compared to other lasers. There has been an increasing demand for textiles around the world, and textiles are finding a wide range of applications, from clothing to automobiles. In automobiles, they are used for interior liner, seat covers, convertible tops, and airbags, among others. Clothing used in cars requires precise cuts without fraying. Co2 lasers work with great precision on non-metals and find more and more applications in the textile sector. In addition, the growing demand from aerospace, medicine, electronics, and other industries is a tailwind for the growth of the market.
Booming automotive industry and shift to electric mobility drive CO2 laser market
Laser cutting is widely used in the automotive industry, and Co2 lasers have become the preferred choice due to their advantages over other types of lasers. The global auto industry is advancing rapidly and evolving at an unprecedented rate. With increasing disposal revenues, low cost IMEs, and constantly evolving technologies in the automotive industry attracting the new generation, demand for automobiles is expected to continue on an upward trend. For example, according to the International Organization of Motor Vehicle Manufacturers, total vehicle sales in 2018 were 95,055,937. This highlights the growing demand for vehicles and, in turn, acts as a catalyst to improve demand. of Co2 lasers.
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Automotive manufacturers use Co2 laser cutting machines, which offer high processing and precision speeds, high quality cutting finishes, the ability to cut intricate designs that change from automobile to automobile. With advancements in automotive design and technology, conventional cutting methods are quickly being replaced by the latest laser cutting technologies.
In the automotive industry, Co2 laser cutting is used to cut out carriage components, such as openings for antennas or left-right rods, cut the airbag fabric with high precision, which melts the fabric at the edges and avoids fraying, cutting composite materials used in interior lining, waterproofing and coatings, and cutting roller shutters used in luxury cars.
The growing demand for electric vehicles has also led to an increase in demand for Co2 lasers. According to the International Energy Association, the global fleet of electric cars exceeded 5 million in 2019, up from 2 million the previous year. This has increased the demand for electronic components in electric vehicles, which are cut using Co2 lasers.
Rising healthcare spending spurs the application of CO2 lasers in the manufacturing of medical equipment and devices
Products used in the medical industry must meet the highest quality standards and strict dimensional tolerances. Laser cutting is a widely accepted method in the medical field because it meets the high quality and hygienic requirements of clean surfaces and provides finished products without slag and residue. Co2 lasers are widely used in the manufacture of stents, heart valves, and other medical devices.
According to the World Health Organization, cardiovascular disease is the leading cause of death worldwide, and more people die each year from cardiovascular disease (CVD) than from any other cause. In addition, of the 17 million premature deaths from noncommunicable diseases in 2015, about 82% were from low- and middle-income countries, and 37% were from cardiovascular disease. The number of preventive and curative operations for CVD has increased in recent times, which has increased the demand for stents and heart valves and indirectly the demand for Co2 laser cutting machines. Additionally, laser cutting is used in needle profiling, where non-radial cut geometries can be cut easily, and plaster cutting, where non-contact laser technology allows profile cuts.
North America: a major manufacturer and consumer of CO2 lasers
North America is at the forefront of technological development and a key manufacturer and consumer of CO2 lasers. The regional market is expected to grow significantly during the forecast period owing to the heavy use of CO2 laser cutting in the healthcare and aerospace industries, especially in the United States. According to the American Society of Plastic Surgeons, approximately 17.5 million surgeries and minimally invasive procedures have been performed. in 2017, 2% more than the previous year. Tools used in plastic surgery must be hygienic, precise and residue-free, which is why CO2 laser cutting is used in their manufacture. The United States spent more than $ 16 billion on cosmetic surgery in 2018.
The upsurge in coronary heart disease has led to an increased demand for bioabsorbable stents, bare metal stents, and drug-eluting stents, among others. Medical stents must be fabricated with maximum precision and quality, and lasers are widely used to fabricate stents due to their improved workflow, improved precision, and ability to cut complex shapes. The major players operating in this region and manufacturing stents are Abbott Laboratories, Medtronic PLC, and Boston Scientific Corporation, among others. The health sector in Mexico is not as advanced as in the United States, but it is seeing increased investment and government support. This can cause global actors operating in the region to partner with local actors in Mexico to expand their reach in this region.
On the other hand, the aviation market in North America is expected to experience resurgent growth in the coming years due to increased purchases of business jets, passenger jets, turboprop and aircraft. defense planes, among others. According to data provided by Airlines of America, US commercial aviation revenue was $ 864 billion, or about 5.1% of the country’s GDP. In June 2019, Delta Air Lines, a key player in North America, placed an order for five additional A220-100s, with a total of 95 aircraft on order. Aircraft manufacturing requires thousands of small, complex parts that must be highly reliable and of the highest quality. Apart from that, each year the United States spends an estimated $ 640 billion on its military and incorporates the latest technology into its Air Force and Defense aircraft, such as the F-16 Fighting Falcon. and the A-10 Thunderbolt II, among others.
The emergence of COVID-19 is a subject for observation, as is its future consequence on the market. The general feeling has shifted from service industries to essential healthcare industries, and countries will demand more safety in terms of the facilities provided in hospitals. This is expected to propel the growth of the market for CO2 lasers, which are used for precision cutting of complex parts used in the manufacture of medical equipment and devices.
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Han’s Laser Technology Industry Group Co., Ltd
Control Laser Corporation United States
Kern Electronics & Lasers, Inc.
PRC Laser Corporation
Led Light Inc.
GSI Group Ltd.
Edinburgh Instruments Ltd.
Segmentation of the Co2 laser market
High Power Diffusion Cooled Panel Lasers
Fast axial flow lasers
Fast cross-flow lasers
Transverse Excited Atmosphere Lasers (TEA)
Dynamic CO2 gas lasers
The rest of europe
The rest of the APAC
Central and South America and the Caribbean
The rest of Central and South America and the Caribbean
United Arab Emirates
The rest of the Middle East
The rest of Africa
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