The material processing industry dominated the market in 2021 with a revenue share. This section covers all the essential aspects of laser and material processing, including hybrid processes, the development and use of laser beam welding, micro-drilling, surface modification, cutting, and machining, as well as direct manufacturing and forming micro-deposition and ablation of bulk material and coatings.
During the forecasted period, the system revenue segment is expected to dominate the Laser Processing Market. Sales of various multi-function laser processing systems, such as those for marking, engraving, welding, brazing, cutting, drilling, cladding, coating, annealing, and material removal, produce system income.
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