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.
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