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The laser processing market size is forecast to increase by USD 2.33 billion at a CAGR of 8% between 2023 and 2028. The market is experiencing significant growth due to the increasing adoption of laser technology in various industries. Laser vaporization and laser-matter interaction have emerged as key techniques in applications such as ablation, drilling, welding, cutting, and annealing. The benefits of laser welding over conventional welding, including improved joint quality and reduced distortion, are driving market growth. Technological innovations in laser processing, including the use of auxiliary pulses and advanced beam delivery systems, are expanding the capabilities of laser systems. Additionally, the availability of alternate machine tools for metal cutting applications is increasing the market's scope. These trends are expected to continue, with the market poised for steady growth in the coming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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