The Global Market for Industrial Laser Processing

Global industrial laser revenues, over the period 2010 ‐‐ 19, show a period of strong CAGR growth (11.5 %) led by the dynamic markets for high‐power fiber lasers used in sheet metal cutting and a significant application for excimer lasers (smart phones). In 2019, global laser revenues decreased for only the first time since the recession of 2009, mainly for two reasons: unconstrained fiber laser selling price decreases and the maturation of the application for excimer lasers. Strong competition in the Chinese market ‐‐ now more than 40 % of the world market ‐‐ drove down the average selling price of industrial lasers by 17.5 % in 2019 while unit sales were up 6.5 % in the same period.