Laser Cleaning Market Expected to Witness A Huge Growth | worth $723.9 Million by 2023

The overall laser cleaning market is projected to exhibit lucrative growth potential during the forecast period. The market growth is propelled by the preference toward laser cleaning over traditional approach and the increasing demand for laser cleaning in various applications. The laser cleaning market was valued at USD 588.8 Million in 2018 and is expected to reach USD 723.9 Million by 2023, at a CAGR of 4.22% during the forecast period.

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The report covers the laser cleaning market on the basis of laser type, applications, and geography. Among applications, cleaning process accounted for the largest market in 2017. In the automotive industry, laser is used in tire mold cleaning and brake line decoating systems. The growth of laser cleaning systems can be attributed to factors such as increasing use of high-energy pulsed 49 lasers for the ablation of organic materials and surface activation tasks. The laser cleaning market by cleaning process for aerospace and aircraft is expected to grow at a higher CAGR during the forecast period. The growth is because of the global commercial aerospace subsector, which is likely to experience strong revenue and operating earnings growth in the near future. This will be a result of continued record production levels driven by strong demand for next-generation aircraft and growing passenger traffic. The growth is expected to mainly impact Asia Pacific and the Middle East. On the other hand, the commercial passenger and cargo aircraft and the annual number of passengers are expected to witness an expedited growth during the forecast period, which will be further responsible for the increased use of laser for cleaning due to growing air traffic.

APAC expected to hold the highest growth rate in the overall laser cleaning market

The laser cleaning market, on the basis of region, has been segmented into North America, Europe, APAC, and RoW. North America is accounted for the largest share of the laser cleaning market in 2018, followed by Europe and Asia Pacific (APAC). The growth of this market in Asia Pacific can be attributed to the increased use of laser cleaning in automotive parts and aerospace maintenance sector. The growth in the market for laser cleaning in APAC is also driven by the soaring infrastructure market in the region. APAC, comprising countries such as China, Japan, India, and South Korea, is likely to account for a major share of the laser cleaning market in 2018. This market growth can be attributed to the increasing demand for lasers in cleaning of cultural sites and heritage properties, along with the industrial applications (power plants, nuclear plants, and refineries) in APAC.

Major players in the laser cleaning market include Coherent, Inc. (Coherent) (US), Trumpf Group (Trumpf) (Germany), IPG Photonics Corporation (IPG Photonics) (US), Adapt Laser Systems LLC (Adapt Laser) (US), and Clean Lasersysteme GmbH (Clean Lasersysteme) (Germany).

Among laser type, solid lasers are expected to lead the overall laser cleaning market because of the higher CAGR during the forecast period. The solid laser segment includes YAG and fiber lasers. The market is dominated by the YAG laser segment as YAG lasers (Nd:YAG, flash-pumped Q-switched Nd:YAG, arc-lamp pumped Q-switched Nd: YAG, and diode-pumped Q-switched Nd:YAG) are extensively used for cleaning and for other material processing applications. In the precision mechanical industry, YAG lasers play a crucial role to clean parts that have grease and mineral oils applied as lubricants or as anti-corrosives. The laser cleaning method reduces the residual contamination to practically zero level.

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