Why is the laser equipment industry still the mainstream in industrial applications?

At present, the global market size of this laser processing equipment is about 120 billion yuan, of which China's size is nearly 70 billion, and the market size in the industrial field alone has reached 43.2 billion yuan.

According to the data provided in OptechConsulting, the global laser processing equipment market will reach 17.4 billion US dollars by 2020.

Among them, the mainstream application is still industry. In 2020, the market size of China's industrial laser equipment will be about 43.21 billion yuan, which can account for about 63%. China is the world's largest laser market. According to the sales of laser equipment in 2020 and the average annual exchange rate, the global laser processing equipment market size in 2020 will be about 120 billion yuan, but China's laser equipment processing market share in it can account for about 36%.

For industrial applications in the main direction of laser processing, for the global market, the largest application market for lasers in the world in 2019 is the laser material processing and lithography market, with a revenue of US$6.03 billion, accounting for 40.6% of total laser sales. , and then it can be the turn to market sales of communications and optical storage. However, for China, the laser sales revenue in the industrial field will reach 43.21 billion yuan in 2020, and the laser equipment in the information field will account for the second largest share, accounting for only about one-third of the industrial field revenue.

The market size of fiber lasers is also continuously increasing, but China is still the largest market in the world. Revenue has reached about 45% of the world's. In 2020, the size of China's domestic fiber optic device market reached 9.42 billion yuan, an increase of about 14% over the previous period. The Chinese market has been further expanded.

Affected by factors such as exchange rate fluctuations, trade wars, localization substitution and price wars, IPG's revenue in the Chinese market in mid-2019 decreased by about 21.9% compared with the previous year, and in 2020, it only increased by about 2.11% compared with the previous year. . The domestically produced lasers above 6kw have also begun to gradually join this competition, but the huge domestic market and the advantages of foreign companies are gradually weakening, creating greater opportunities for China's domestic substitution.