Laser cutting machines include high-power lasers that can vaporize a wide variety of materials ranging from steel to plastic with high levels of precision. The versatility of these machines enables manufacturers to cut various types of materials to develop products and components with complex geometry. Therefore, laser cutting machines facilitate an efficient and effective way of manufacturing components and parts in many sectors, including, but not limited to, automotive, aerospace and defense, healthcare, plastics, electrical and electronics, textiles, and woodworking industries. Laser cutting machines eliminate the need for tool-based machining and minimize production delays that are associated with the use of machines.This industry research report focuses on low-power laser cutting machines with an output power ranging from 500 W to 1,800 W in the US market. Therefore, major end-user application sectors for this market includes consumer electronics, medical devices, and semiconductor industries.

PART 01: Executive summary 6

PART 02: Scope of the report 17

PART 03: Research Methodology 22

PART 04: Introduction 25

Key market highlights 25

PART 05: Market landscape 29

Market size and forecast 29

Five forces analysis 33

PART 06: Market segmentation by product 34

Market overview 34

Low-power fiber laser cutting machines 35

Low-power CO₂ laser cutting machines 37

Low-power solid-state laser cutting machines 39

PART 07: Market segmentation by end-user 40

Market overview 40

Semiconductor 41

Medical devices 43

Consumer electronics 45

PART 08: Decision framework 47

PART 09: Drivers and challenges 49

Market drivers 50

Impact of drivers on key customer segments 53

Market challenges 54

Impact of challenges on key customer segments 58

PART 10: Market trends 59

Development of compact and low-power terahertz lasers 59

Use of fiber lasers for micro-cutting applications in medical device industry 59

Growing adoption in other end-user industries 60

Rising investments in R&D 60

PART 11: Vendor landscape 62

Competitive scenario 62

Other prominent vendors 63

PART 12: Key vendor analysis 65

Coherent 65

Full Spectrum Laser 65

Han’s Laser Technology Industry Group 66

Hypertherm 67

IPG Photonics 67

Vytek Laser Systems 68

PART 13: Appendix 69

List of abbreviations 69