Home > Semiconductors & Electronics > Automation > Industrial Automation > Robotics Laser Welding Market

Robotics Laser Welding Market Size

Report ID: GMI7979
Published Date: Jan 2024
Report Format: PDF

Download Free Sample

Robotics Laser Welding Market Size

Robotics Laser Welding Market was valued at USD 1.5 billion in 2023 and is estimated to register a CAGR of over 8.5% between 2024 & 2032. The industry involves the use of robotic systems equipped with laser technology for precise and efficient welding applications. It combines automation and laser technology to enhance welding processes in various industries, ensuring high precision and productivity.

To get key market trends

Download Free Sample

The global expansion of manufacturing activities is significantly boosting the robotics laser welding industry growth. Owing to this expansion, the demand for sophisticated and effective welding technologies is surging. Robotic laser welding meets the demands of growing manufacturing sectors by providing accurate and economical solutions. Technology is a critical enabler for the changing face of global manufacturing as it can improve production processes and meet various industrial needs. For instance, in July 2022, Vitesco Technologies introduced a new laser welding technology for sustainable manufacturing.

The market is propelled by ongoing advancements in laser technology and robotics. The synergy between these technologies enhances precision, speed, and efficiency in welding processes. Innovations such as improved laser sources, advanced control systems, and collaborative robotic platforms contribute to increased adoption. This growth driver fosters a dynamic market environment, catering to industries seeking automated and high-precision welding solutions, thereby fostering the expansion of the market.

Robotics Laser Welding Market Report Attributes
Report Attribute	Details
Base Year:	2023
Robotics Laser Welding Market Size in 2023:	USD 1.5 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	8.5%
2032 Value Projection:	USD 3 Billion
Historical Data for:	2019 - 2023
No. of Pages:	220
Tables, Charts & Figures:	294
Segments covered:	Component, Technology, Payload, End-use
Growth Drivers:	Growing automotive and aerospace industries Increasing demand for high-quality welding Global expansion of manufacturing activities Ongoing advancements in laser technology and robotics Rising demand for lightweight materials
Pitfalls & Challenges:	Initial implementation costs Integration with existing systems

Learn more about the key segments shaping this market

Download Free Sample

Integration issues with the existing systems may impede the robotics laser welding industry growth. Adoption may be also hampered by the difficulty of integrating robotics laser welding technology with outdated systems. Compatibility problems, retrofitting expenses, and the requirement for specialized staff to oversee integration can further hinder the adoption of this cutting-edge welding technology and prevent its smooth integration into current manufacturing systems.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Industry size for robotics laser welding was USD 1.5 billion in 2023 and is estimated to register over 8.5% CAGR between 2024 and 2032 due to higher adoption for precise and efficient welding applications.

The hardware component segment recorded over 60% of the robotics laser welding industry share in 2023, driven by improvements in laser technology, such as stronger and more effective laser sources that improve welding accuracy.

Europe held over 30% of the global robotics laser welding industry share in 2023 owing to the increasing adoption of various technologies in the manufacturing sector and the strong focus on precision engineering.

Some of the major robotics laser welding companies are ABB Ltd., CLOOS, COMAU S.P.A., Daihen Corporation, EVS TECH CO., LTD, Fanuc Corporation, Kuka AG, Miller Electric Mfg. LLC, and Panasonic Corporation.