Industrial Laser Solutions Editor-in-Chief David Belforte will present "The Global Market for Industrial Laser Materials Processing" as part of the Lasers and Photonics Marketplace Seminar 2010 January 25, 2010, at the Hilton San Francisco Union Square, San Francisco, CA.
The market for industrial lasers and systems experienced a severe recession in 2009 and prospects for recovery in 2010 are mixed. In a truly global market, industrial laser system revenues will benefit from a faster recovery in certain market regions that are not as dependent on specific industries and applications. For example Asia versus North America. Market sectors are reviewed and estimates for 2009 sales and a projection for results in 2010 are made.
Results from the total market are expected to show double digit declines, with significant deficits in industries such as fabricated sheet metal; a major revenue producer for high power lasers. Marking with about half the lasers sold experienced its severest decline in a decade, but is expected to lead the recovery in early 2010. Strength in applications for the energy (solar and battery), medical devices and aerospace industries is expected to offset, to a degree, the declines in heavy fabrication.
The seminar is held in conjunction with SPIE's Photonics West.