Research and Markets has announced the addition of the "Global and Chinese Laser Equipment and Processing Industry Report, 2012-2014" report to their offering.
Benefitting from the huge demand in the field of aerospace, energy, electronics and metal welding, the laser market maintained rapid growth in 2011, though the global manufacturing industry was sluggish. The global laser sales hit USD7.46 billion in 2011, an increase of 14% over 2010; the sales are expected to grow moderately by 1% to 2% in 2012.
China's laser equipment industry also experienced rapid growth in 2011, and the sales rose by 15% from 2010, slightly higher than the global growth rate. Impacted by the macroeconomy, the demand from China's machinery industry and heavy industry for high-power laser equipment was reduced in 2011; at the same time, however, small and medium-power laser equipment still maintained quick growth. The growth of laser equipment sales in 2011 was mainly generated by small and medium-power laser equipment. As a global manufacturing giant, China has huge potential demand for laser equipment in the fields of automobile, semiconductor and electronics, and the prospect of laser equipment in China is promising.
China's laser processing services focus on precision metal parts machining and laser drilling, which account for more than 60% of Chinese laser processing market
Source: http://www.researchandmarkets.com/