The global laser drilling market is forecast to grow rapidly during the period between 2014 and 2020, due to increased drilling activities across the globe. Increase in demand for gas and oil for generation of industrial and non-industrial energy will propel the global laser drilling market during the forecast period.
Many research laboratories are examining the possibility of using laser drilling technology in gas and oil extraction across the globe. Laser drilling is known for penetrating rocks at a fast pace and with high accuracy. In the gas and oil industry, drilling activities can be accurately and precisely handled by using high-powered lasers. Most market players are offering high-end laser drilling equipment to gas and oil industries across all major regions. On the basis of geographical locations, the global laser drilling market is divided into Europe, Asia Pacific, North America, and Rest of the World.
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Currently, laser drilling technology is commonly used in aerospace applications and printed circuit boards. Some of the leading players offering laser drilling technologies and services are JK Lasers, Laserage Technology, EDAC Technologies Corporation, Resonetics, Lenox Laser, and Scantech Laser Pvt. Ltd. The demand for portable electronic devices, which require higher design accuracy, has increased in the recent past. This has further augmented the laser drilling market due to the application of lasers in high-precision manufacture of consumer electronics.
Benefit of Higher Production Rate Driving Laser Drilling Market
The global laser drilling market is segmented on the basis of geography, application, and technology. Laser drilling is classified into trepanning laser drilling, and percussion laser drilling. Percussion laser drilling technology relates to bursts of pulses, which wary in spot size, pulse duration, and beam characteristics. Percussion laser drilling technology is most commonly used in case of metals, pyrex, polycarbonates, ceramics, and polyimides. Trepanning laser drilling technology is used for removing a cylindrical core or circular disc from a substrate. Unlike percussion drilling, a burst of pulses is not used in the trepanning laser drilling technology to create holes. Trepanning laser drilling technology uses optics in order to perform any drilling operations.
Higher production rate, precise control, and the ability to dig small holes are some of the factors that are driving the global laser drilling market across the globe. At present, laser drilling technology is used in many industries, including automotive, ceramic, aerospace, and electrical. Key market players across all regions have started adopting laser drilling methods to cut down production time as well as achieve consistent and accurate results.
Rise in demand for laser drilling in high-precision drilling applications in the automotive and aerospace industries has led to growth of the global laser drilling market. Laser drilling carries many advantages over conventional drilling. In terms of precision and speed, laser drilling offers a much higher performance than traditional processes. This is why most of the key market players have started implementing and adopting the latest laser drilling applications. The global laser drilling market offers many opportunities in the near future. Using the technically advanced laser drilling methodology is not only beneficial for significantly reducing drilling time, but also minimizing the negative influence of the process on the environment.