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Global Robotic Laser Cutting Market - Increased Productivity to Boost Growth

 

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Technavio Global Robotic Laser Cutting Market Report

London, England - The latest market research report by Technavio on the global robotic laser cutting market predicts a CAGR of around 13% during the period 2018-2022.

The report segments the global robotic laser cutting by end-users (automotive industry, metal industry, aerospace industry, and others) and by geography (the Americas, APAC, and EMEA). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global robotic laser cutting market, according to Technavio industrial automation researchers:

  • Increased productivity with improved laser technology: a major market driver
  • IoT and Industry 4.0: key market trend
  • In 2017, the automotive industry dominated the market by occupying over 49% share
  • ABB, FANUC, Jenoptik, Midea, Stäubli, and Yaskawa Electric are the leading players in the market

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Increased productivity with improved laser technology: a major market driver

Increased productivity with improved laser technology is one of the major factors driving the global robotic laser cutting market. Improvement in laser technology has played a key role in enhancing the cutting operations in end-user industries. With the inclusion of fiber laser, the performance and efficiency of laser cutting has improved significantly. The switch from traditional laser technology to fiber-based cutting to improve cut resolution, cutting speed, control on laser pulse, and life of the equipment has further increased the capability of laser cutting.

According to a senior analyst at Technavio for robotics research, “The green laser is one of the technologies used for miniature cutting in the electronics and electrical industry, and the medical industry. It is anticipated that more technological innovations in ultrashort and ultrafast pulsed laser will be witnessed during the forecast period, which will enhance precision and offer the ability to cut different types of materials. Such innovations will expand the use of laser cutting among industry players, and subsequently, increase the demand for robotic laser cutting systems.”

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IoT and Industry 4.0: key market trend

The Internet of Things (IoT) is an interconnection of several things, including mechanical or digital devices, which enable data to be transferred from end-to-end without human intervention. Currently, IoT has already been commercialized in various applications, thereby initiating an industrial revolution with the advent of Industry 4.0. Also, IoT is further simplifying connectivity techniques with IPv6-based protocol addressing systems. The interoperability and data readability issues have found better solutions with the advent of IoT.

Regional landscape: APAC to emerge as the largest market for robotic laser cutting

The global robotic laser cutting market was led by APAC in 2017 with a market share of more than 49%. The region is anticipated to remain dominant during the forecast period. The highest growth of around 3% will also be recorded by APAC, followed by the Americas and EMEA, which will witness a small decline in their market shares over the forecast period.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

 

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