Laser Automation Market: Promising Growth Driven by Technological Advancements and Increasing Industrial Automation
Laser Automation Market The global Laser Automation Market is estimated to be valued at US$6.48 billion in 2023 and is expected to exhibit a CAGR of 7% over the forecast period, according to a report by Coherent Market Insights. Market Overview: Laser automation is revolutionizing several industries with its precision, speed, and versatility. The technology is extensively used in applications such as welding, cutting, drilling, marking, and engraving across industries including automotive, aerospace, electronics, and healthcare. Laser automated systems offer higher accuracy, improved productivity, reduced operating costs, and enhanced safety. The increasing demand for automation in industries is driving the growth of the laser automation market. Market Dynamics: Two major drivers that are influencing the laser automation market are technological advancements and increasing industrial automation. Technological advancements: The continuous advancements in laser technology, such