Laser Plastic Welding Market Size, Share & Industry Analysis, By System Type(Standalone System,Integrated System), By Product Type(CO2 Laser, Diode Laser, Fiber Laser,Nd:YAG Laser), By Welding Method(Contour Welding,Quasi-Simultaneous Welding, Simultaneous Welding), By Application(Components,Films), By End-use Industry(Electrical & Electronics,Healthcare,Automotive) Others and Regional Forecast, 2024-2032

Laser is one the most preferable and robust methods allowing flexible manufacturing of plastic products with complex geometries. The laser plastic welding process enables flexible manufacturing of highly efficient plastic parts with complex geometries for automotive and electronics industry. This process is used in manufacturing automotive parts such as butterfly sensor, bracketed reservoir, fluid valve sensor, etc. and delicate medical devices such as microfluidic cartridge, precision channels, clear sensors, and others. This welding technique is applicable in automotive, electronics, and healthcare industry, enhancing the laser plastic welding arena. Growth in demand for aesthetically compelling plastic parts in automotive sector is escalating the market share in the emerging economies. For example, Leister Technologies AG introduced a new software system, NOVOLAS HMI (Human Machine Interface) used for mapping entire welding process; this, in return is expected to drive the laser plastic welding demand over the forecast period.

Technological advancements such as transmission laser welding (TTLW), IR radiation, and ultrasonic welding are emerging in automotive sector of the developing economies, enabling vehicles with designer aesthetics and higher efficiency. Melt-match technology is an advanced technology that matches the melt flow of plastic mold with the speed of ultra-sonic speed. For instance, Dukane, the US-based laser plastic welder, developed a new iQ series Servo-Driven Ultrasonic Welder machine with Melt-Match technology for the medical industry.  

Key Market Driver -

• Advancement in software technologies • Growth in demand of aesthetic automotive plastic components

Key Market Restraint -

• High initial processing cost of laser plastic welding

Increasing demand for designer automotive products is booming the demand for aesthetic plastic products, becoming a key growth factor for the global laser plastic welding market growth. For example, LPKF Laser & Electronics AG uses various welding processes to produce straight weld seams and complex 3D geometries. Rapid growth in cost-efficient and designer plastic products is resulting into research & development (R&D) investments such as R&D Engineer of Alcon Laboratories stated that, according to their research, Dukane’s iQ Servo ultrasonic welding system is simple software system that enables to achieve the best possible solutions with optimized straight forward system. Urbanization in emerging economies is augmenting the demand for the automotive vehicles welded using laser plastic welding technique. According to the World Economic Forum, the global vehicle production is estimated to grow approximately 108.4 million over the forecasted period.

Key Players Covered:

Some of the major players in the global laser plastic welding market include TRUMPF, LPKF Laser & Electronics AG, Jenoptik AG, Dukane, Emerson Electric Co., Nippon Avionics Co. Ltd., Rofin Sinar Technologies Inc., Leister Technologies AG, Amada Miyachi Co. Ltd., DILAS Diodelaser Gmbh, CEMAS Elettra S.R.L., Dukane IAS LLC, Control Micro Systems, Inc., Bielomatik Leuze Gmbh + Co. KG, O.R. Lasertechnology Gmbh, Seidensha Electronics Co., Ltd., Sahajanand Laser Technology Ltd., Scantech Laser Pvt. Ltd., Wuhan Chuyu Optoelectronic Technology Co. Ltd.,  and others.

Regional Analysis:

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The emerging automotive and healthcare industry in the developing countries of Asia Pacific (APAC) projects beneficial growth during the forecast period. Prominent market players such as Han's Laser Technology Industry Group Co. Ltd. and Nippon Avionics Co. Ltd. are adopting new emerging technologies for the laser plastic welding mechanism. Han's Laser Technology Industry Group Co. Ltd. invested USD 26 million in research and development (R&D) of laser technology, which will increase the upstream output for emerging APAC automotive and medical industries. In North America, the automotive and medical industry is expected to drive the market in the near future as the auto industry spends USD 16 – USD 18 billion every year on research and development (R&D). For instance, Center for Automotive Research (CAR), a non-profit organization stated that automotive sales would exceed by USD 16.8 million vehicles per year over the forecasted period driving the global laser plastic welding market. The European Union’s automotive manufacturers traded at a surplus of USD 106.4 billion, with total automotive exports of USD 6.9 million in 2017.

Segmentation

Key Industry Development:

• April 2019: TRUMPF acquired the photonics business from Philips leading to a new business division called TRUMPF Photonic Components, that will be headed by Lutz Aschke, the CFO of their Laser technology


• May 2019: CEMAS Elettra S.r.l. participated in CHINAPLAS 2019, and introduced its laser welding technology MF240, MF480 and MF960 in Asia for the first time, guaranteeing the best quality and price