Pune, June 08, 2021 (GLOBE NEWSWIRE) — Market Analysis
Market Research Future (MRFR) expects the global laser processing market size to reach USD 6.11 billion, registering a 7.3% CAGR from 2020–2026 (forecast period).
Light amplification by stimulated emission of radiation (LASER) is a device that generates light through a process of optical amplification based on the stimulated emission of electromagnetic radiation. Lasers are used for different applications in both commercial and industrial processes. Industrial processes typically involve material processing, marking and engraving, and other micro-processing using laser technology. Laser technology is used in various material processes, including laser cutting, welding, drilling, etc. A laser is also used for the marking/engraving of consumer goods, electronic components, and other parts used in industries.
The growing demand for high-quality and genuine products, the demand for miniaturization of microelectronic devices, and the altering preferences for laser-based material processing over traditional approaches are…
