Chinese laser development

Chinese laser equipment development

Laser equipment is an instrument that uses lasers to perform operations, combining lasers and other modules to apply to different fields. Laser equipment is mainly composed of optical system, mechanical system and numerical control system. At present, laser equipment has become one of the key technical equipment for the development of emerging industries and the transformation of traditional manufacturing. ‌ In 2023, the market size of China's laser equipment industry will reach nearly 100 billion yuan, with a compound growth rate of 10.25% in five years. According to preliminary estimates, the market size of China's laser equipment industry will exceed 107 billion yuan in 2024.

In addition to fiber lasers, laser welding technology and laser additive manufacturing technology are also important components of China's laser industry. With the blowout growth of the new energy vehicle market, the demand for power battery laser welding equipment has shown an explosive growth trend. At the same time, the handheld laser welding market has also ushered in unprecedented development opportunities, and the portability, efficiency and flexibility of miniaturized lasers have quickly occupied the market. In 2023, the sales revenue of China's laser welding complete equipment market is about 11.52 billion yuan, an increase of 38.6%, and the market sales revenue is expected to reach or exceed 16.5 billion yuan in 2024. In the field of laser additive manufacturing, the industrialization process is accelerating, new business models are emerging, and metal 3D printing has begun to play an important role. It is expected that the market size of China's laser additive manufacturing will reach 8.7 billion yuan in 2024, with significant year-on-year growth.

Laser equipment has wide applications:

It can be applied to laser display, laser medical treatment, laser measure, 3D printing, current popular laser equipment mainly including laser marking machine, laser cutting machine, laser welding machine, in 2023, laser cutting machine had exceed 40% in the chinese laser equipment market.

Industry competition:

China's laser equipment industry is mainly involved in the enterprises Raycus laser, JPT laser and Huagong laser, these enterprises in the field of industrial laser equipment, laser processing and laser cutting occupy a leading position. With the growing demand for intelligent manufacturing and industrial automation, the laser equipment market continues to expand. Domestic enterprises are gradually challenging international giants through technological innovation and cost advantages. Competition is particularly fierce in applications such as high-power lasers, laser welding and laser marking.