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Laser Welding Machine Market to Grow by USD 504.4 Million from 2024-2028, Driven by Advantages over Conventional Welding and AI-Driven Market Transformation – Technavio

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NEW YORK, Nov. 5, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global laser welding machine market size is estimated to grow by USD 504.4 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.5% during the forecast period. Growing benefits of laser welding over conventional welding is driving market growth, with a trend towards impact of additive manufacturing on laser welding. However, dearth of skilled labor poses a challenge. Key market players include Amada Co. Ltd., Bystronic Laser AG, Coherent Corp., Emerson Electric Co., FANUC Corp., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Xintian Technology Co. Ltd., Laserline GmbH, Laserstar Technologies Corp., OREE LASER, Perfect Laser Co. Ltd., Sahajanand Laser Technology Ltd., SCANLAB GmbH, Suzhou Prato Laser Technology Co. Ltd., Suzhou Tianhong Laser Co. Ltd., TRUMPF SE Co. KG, and Wuhan golden laser co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Automotive, Healthcare, Aerospace and defense, Electronics, and Others), Technology (Fiber laser, Solid-state laser, CO2 laser, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Amada Co. Ltd., Bystronic Laser AG, Coherent Corp., Emerson Electric Co., FANUC Corp., Hans Laser Technology Industry Group Co. Ltd., HGLaser Engineering Co. Ltd., IPG Photonics Corp., Jenoptik AG, Jinan Xintian Technology Co. Ltd., Laserline GmbH, Laserstar Technologies Corp., OREE LASER, Perfect Laser Co. Ltd., Sahajanand Laser Technology Ltd., SCANLAB GmbH, Suzhou Prato Laser Technology Co. Ltd., Suzhou Tianhong Laser Co. Ltd., TRUMPF SE Co. KG, and Wuhan golden laser co. Ltd.

Key Market Trends Fueling Growth

Additive manufacturing, also known as 3D printing, is revolutionizing the manufacturing industry by creating three-dimensional objects from digital files. This process builds products layer by layer, enabling the production of complex geometries that are challenging to achieve through conventional methods. Additive manufacturing offers benefits such as optimized material usage and reduced wastage, as it eliminates the need for certain manufacturing processes like cutting, bending, and welding. However, additive manufacturing has limitations, including the inability to produce large single parts efficiently and high equipment costs, which may hinder its adoption in small and medium enterprises. Despite these challenges, continuous research and development efforts are driving improvements in additive manufacturing technology, increasing its adoption, and creating demand for laser welding machines. In laser welding applications, precise control over shape frequency, sequence, and depth of focus optimizes capillary evaporation, molten pool flow, and melt solidification, preventing pore, spatter, and crack formation while boosting feed rates and speeds. Although additive manufacturing poses a challenge to the global laser welding machine market by eliminating the need for welding in some applications, it cannot replace welding entirely. The laser welding machine market will continue to grow due to the increasing adoption of additive manufacturing and the ongoing need for traditional welding processes. 

The Laser Welding Machine market is experiencing significant growth due to increasing demand in various industries. Fiber optic cables, transmitters, and components in confined spaces and complex geometries are driving the need for laser welding in hazardous environments. Fiber lasers, CO2 lasers, and diode lasers offer efficiency, safety, and versatility in welding diverse materials like carbon steel, stainless steel, plastics, and ceramics. Laser welding machines provide controlled heat input, reducing material wastage, rework, and improving quality control. Traditional welding methods face challenges in energy efficiency, waste, and environmental impact. Laser welding machines offer energy conservation, sustainability, and a smaller carbon footprint, making them more cost-effective in the long run. Regulations on energy consumption and environmental friendliness further boost the market. The tool’s productivity and long-term cost-effectiveness make it a preferred choice for industries. 

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Market Challenges

The global laser welding machine market is experiencing a significant challenge due to the scarcity of skilled labor, particularly in countries like the US, India, China, and Germany. In these countries, which are known for their large labor pools and manufacturing industries, the lack of a skilled workforce is becoming a major concern. For instance, China, the world’s manufacturing hub, is facing a declining working-age population, and India is expanding its manufacturing sector under the Make in India initiative. In Germany, a prominent manufacturing nation, the demographic shift with low birth rates and an aging population is reducing the availability of a skilled workforce, leading to a predicted gap of one million skilled staff by 2022. Consequently, labor costs are increasing in Germany, making their industries less competitive in the global manufacturing landscape. The limited availability of skilled labor is a significant barrier to the growth of the global laser welding machine market during the forecast period.The laser welding machine market is experiencing significant growth due to the advantages it offers over traditional welding methods. Energy efficiency is a key factor, as laser welding consumes less energy and produces less waste, making it more environmentally-friendly and sustainable. Regulations demanding energy conservation and reduced carbon footprint also drive the trend towards laser welding. However, challenges include incompatibility with highly reflective materials, absorption issues with certain metals like copper and aluminum, and the high cost of the machines and tools. Long-term cost-effectiveness, productivity, and quality control are major considerations. The integration of automation, robotics, advanced control systems, automated loading, and positioning of workpieces enhances productivity, repeatability, and precision. The forecast period sees trends in remote laser welding and the automotive and aerospace manufacturing sectors.

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Segment Overview 

This laser welding machine market report extensively covers market segmentation by

End-user 1.1 Automotive1.2 Healthcare1.3 Aerospace and defense1.4 Electronics1.5 OthersTechnology 2.1 Fiber laser2.2 Solid-state laser2.3 CO2 laser2.4 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Automotive- The automotive industry heavily relies on laser welding due to its precision and efficiency. This method allows automakers to join metal components with minimal distortion, resulting in strong and durable welds. Its effectiveness is particularly notable for lightweight materials like aluminum, commonly used in modern vehicles for improved fuel efficiency. Laser welding is suitable for various automobile components, including body panels, chassis parts, exhaust systems, and battery packs in electric vehicles. Compared to traditional welding techniques, it expedites production while being less costly. High-precision laser welding ensures and dependable welds, essential for vehicle component structural integrity. The process is quick and automated, decreasing production time and enhancing overall manufacturing efficiency. Laser welding’s small heat-affected zones minimize part deformation, preserving dimensional accuracy. Versatile in connection configurations and material compatibility, laser welding eliminates filler materials, reducing welding flaws and enhancing safety. Long-term cost savings come from increased production speed, lower material wastage, and reduced maintenance requirements, despite potential higher initial investments. With the increasing demand for electric vehicles, such as the Australian government’s goal to have 75% electric vehicles by 2025, the need for laser welding machines is evident, driving the growth of the global laser welding machine market in the automotive sector.

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Research Analysis

Laser welding machines utilize a high-intensity laser beam to join and fuse materials, offering several advantages over traditional welding methods. These machines are known for their energy efficiency, as they minimize material wastage and reduce the need for rework. The process is also more environmentally-friendly, with lower carbon footprint and compliance with regulations. Energy conservation is a significant benefit, as laser welding consumes less energy compared to other welding techniques. However, the cost of laser welding machines can be high, and their integration with automation and robotics requires a significant investment. Incompatibility with highly reflective materials and the need for absorption coatings for some metals like copper and aluminum are challenges. Despite these, the long-term cost-effectiveness, productivity, and high-precision capabilities make laser welding machines an essential tool in manufacturing and fabrication processes.

Market Research Overview

Laser welding machines utilize high-intensity laser beams to join and fuse materials with precision and efficiency, surpassing traditional welding methods. These machines offer several advantages such as energy efficiency, reduced waste, and environmental sustainability. By conserving energy and minimizing material wastage, laser welding contributes to a smaller carbon footprint. However, regulations and increasing focus on long-term cost-effectiveness drive the adoption of these machines in manufacturing and fabrication processes. Laser welding processes are ideal for high-precision, intricate welds and are compatible with a wide range of materials including copper, aluminum, and various alloys. Incompatibility with highly reflective materials is a challenge, but advancements in absorption technologies continue to expand the application scope. The forecast period for the laser welding market is promising, with trends in automotive, aerospace, and other industries driving growth. Integration of robotics, automation, and advanced control systems enhances productivity, repeatability, and precision. Remote laser welding, fiber optic cables, and applications in confined spaces, complex geometries, and hazardous environments further expand the market. Fiber lasers, CO2 lasers, and diode lasers are the primary types of lasers used in laser welding, each with its unique advantages. Plastic welding, controlled heat input, and versatility in welding diverse materials like carbon steel, stainless steel, plastics, and ceramics further expand the market potential.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAutomotiveHealthcareAerospace And DefenseElectronicsOthersTechnologyFiber LaserSolid-state LaserCO2 LaserOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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MMA SMARTIES Thailand 2024 – Celebrates Unparalleled Marketing Innovation and Excellence in Thailand

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BANGKOK, Nov. 23, 2024 /PRNewswire/ — The SMARTIES Thailand 2024 Awards brought together pioneers and the brightest minds of the advertising and marketing world, celebrating marketing innovation. Ultimately, 47 exceptional winners were honored, comprising 13 Gold, 15 Silver, 8 Bronze awards and 11 industry awards.

More than just a celebration, the SMARTIES Awards are a global movement that empowers brands, advertisers, agencies, publishers, and technology enablers. With over 50,000 entries globally, SMARTIES has extensive reach, encompassing 19 country awards, 4 regional awards, and one global awards program. This year, Thailand presented numerous impressive entries spanning diverse sectors, underscoring the country’s influence in strategic marketing and creative innovation.

SMARTIES Thailand 2024 honored the best in the industry with a remarkable lineup of winners. Brilliant & Million, Thailand was awarded Digital Agency of the Year, while Grab took home both Publisher of the Year and Brand of the Year. Friends & Mana Company Limited was named Independent Agency of the Year, and Spa-Hakuhodo secured Creative Agency of the Year. M&C Saatchi emerged as the Media Agency of the Year, and Babi Mild was recognized as the Most Resilient Brand of the Year. Publicis Groupe earned the title of Holding Agency Company of the Year, while the Juror’s Choice Award went to the impactful “Under My Skin” campaign. Mondelēz International claimed the honor of Advertiser of the Year, and Best in Show was awarded to the captivating “Oreo Pokemon Catch ‘Em All!” campaign.

Check Out the Winner List Here! 

A rigorous selection process, led by a dedicated jury panel featuring top minds in marketing in Thailand, identified the best campaigns. These campaigns strengthened engagement through advanced technology, and elevated marketing practices.

“SMARTIES continues to set new benchmarks in the industry,” said Rohit Dadwal, CEO of MMA Global APAC & Global Head of SMARTIES™ Worldwide. “This year’s winners have demonstrated unparalleled brilliance, proving that Thailand is a hub for exceptional marketing talent. SMARTIES is not just about winning awards; it’s about pushing boundaries and setting global standards. With the launch of our new SMARTIES Sonic logo this year, we are redefining how the SMARTIES brand resonates and engages with audiences around the world, marking a new era of recognition and innovation”.

Winning a SMARTIES award brings more than recognition. Winners gain a competitive edge, credibility, and an impact on prestigious rankings, such as the MMA SMARTIES Business Impact Index, RECMA, and the WARC Media 100.

About MMA Global: MMA Global is the leading global trade association for marketers, providing essential resources and expertise to empower marketers to navigate the complex world of Marketing. With a commitment to driving innovation and effectiveness, MMA Global plays a pivotal role in shaping the future of marketing.

SMARTIES: SMARTIES is the prestigious marketing awards program hosted by MMA Global, recognizing excellence in Marketing. The SMARTIES Awards celebrate the most innovative and impactful campaigns that push the boundaries of creativity and drive measurable business impact in today’s dynamic landscape.

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SOURCE MMA Global APAC

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Redefining the Standard of Care: Introducing the Aulisa® Monitor Camera for Advanced Patient Monitoring

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PALO ALTO, Calif., Nov. 22, 2024 /PRNewswire/ — Aulisa® Medical USA, Inc., a leader in FDA-cleared, wearable, wireless continuous vital sign monitoring technology, proudly announces the launch of the Aulisa® Monitor Camera, an innovative solution designed to revolutionize patient care in both hospital and home settings. Seamlessly integrating with the Aulisa® Vital Signs Monitoring System, this advanced camera offers caregivers and healthcare professionals enhanced monitoring capabilities and peace of mind.

Redefining the Standard of Care
Hospitals constantly balance delivering exceptional patient care with managing operational costs. The Aulisa® Monitor Camera redefines patient monitoring by providing advanced, centralized solutions that enhance clinical and operational excellence. Designed to optimize patient care, the Aulisa® Monitor Camera integrates with the Centralized Multiple Patient Monitoring (CMPM) System, enabling simultaneous, wireless monitoring of oxygen saturation (SpO2), pulse rate, and body temperature across multiple patients from a centralized nursing station. With a simple app, the Aulisa® Monitor Camera can be integrated into a CMPM. In addition to monitoring a patient’s vital signs, caregivers and family members (such as parents of an infant) can also view the patient’s image and hear their voice. This feature is especially important in specific situations, such as for parents of an infant in the NICU.

This transformative approach eliminates cumbersome wires, streamlines operations, and ensures timely interventions, ultimately improving patient outcomes, enhancing safety standards, and optimizing workflow efficiency while driving significant cost savings and financial performance for healthcare facilities. With a steadfast commitment to compassionate, data-driven care and innovative solutions, Aulisa® Medical is advancing patient health and redefining healthcare excellence, one patient at a time.

Advanced Features for Comprehensive Care
The Aulisa® Monitor Camera offers crystal-clear 2K resolution with night vision, ensuring high-quality visuals day and night. Its two-way audio and human tracking features enable real-time communication and automated movement monitoring, while effortless Wi-Fi integration allows for quick and simple setup via mobile or web devices. With dual functionality as a standalone home surveillance camera, the Aulisa® Monitor Camera delivers unmatched flexibility for various care scenarios.

Engineered for Hospital Excellence
Designed with hospitals and patients in mind, the Aulisa® Monitor Camera addresses the unique demands of modern healthcare settings. From NICUs to patient rooms, it offers caregivers the ability to remotely monitor patients with visual, audio, and motion tracking capabilities. This streamlines workflows, enhances safety, and allows providers to focus on delivering compassionate care while staying equipped with FDA-cleared technology.

Founder’s Vision
“Introducing the Aulisa® Monitor Camera is a natural extension of our mission to enhance patient care and empower healthcare professionals,” said Augustine (Augie) Lien, founder and CEO of Aulisa Medical USA, Inc. “We strive to provide innovative solutions that bring peace of mind to caregivers and families alike. By delivering FDA-cleared technology with seamless functionality, we’re making it easier to ensure safety, connectivity, and exceptional care in every setting.”

Why Choose Aulisa®?
The Aulisa® Monitor Camera enhances efficiency by enabling remote monitoring, reducing physical check-ins, and providing reliable, FDA-cleared technology trusted by healthcare professionals worldwide. It is now available for purchase by healthcare facilities, caregivers, and families.

To learn more about the Aulisa Monitor Camera, the Guardian Angel® CMPM System and other Aulisa Medical products, visit:

www.aulisa.com/products/aulisa-monitor-camerawww.aulisa.com/products/cmpmwww.aulisa.com/collections/guardian-angel-remote-gateway-systems

About Aulisa Medical
Based in Silicon Valley, Aulisa® Medical is a leading medical technology company founded by serial medical technologies entrepreneur, Augustine (Augie) Lien. The company specializes in developing wireless, wearable monitoring systems that provide continuous, cloud-based vital sign data in both clinical and home environments. Through the development of new healthcare innovations, Aulisa® continues to grow the application of digital health technologies that empower both consumers and healthcare providers, incorporating Artificial Intelligence (AI) technologies that can detect adverse events and potentially save lives.

Media Contact:
Kyle Thompson, Vice President of Sales & Marketing
Email: kyle.thompson@aulisa.com
Direct: (650) 387-0001
www.aulisa.com

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SOURCE Aulisa Medical USA, Inc.

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Redefining Financial Frontiers: Nucleus Software Celebrates 30 Years with Synapse 2024 in Singapore

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SINGAPORE, Nov. 23, 2024 /PRNewswire/ — The thriving IndiaSingapore partnership in banking and technology reached a new milestone as Nucleus Software celebrated 30 years of transformative innovation at Synapse 2024, held in Singapore. The event underscored the company’s role in redefining financial services across Southeast Asia (SEA) and the globe, bringing together leaders in finance and technology to explore a shared vision for the future of banking.

Synapse 2024 celebrated 30 years of Nucleus Software’s leadership in driving transformative change across Singapore and Southeast Asia’s financial ecosystem. The event also shone a spotlight on the Global Finance & Technology Network (GFTN), an initiative supported by the Monetary Authority of Singapore (MAS) to champion responsible technology adoption. The event highlighted the deepening synergies between India and Singapore, driven by their shared commitment to innovation, cross-border collaboration, and financial inclusion. As the financial services sector undergoes rapid evolution with advancements in artificial intelligence, blockchain, and digital banking, these partnerships are setting the stage for a more connected, resilient, and inclusive global ecosystem.

Vishnu R. Dusad, Co-founder and Managing Director of Nucleus Software, reflected on the milestone: “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”

The event brought together a distinguished array of participants, highlighting the transformative potential of IndiaSingapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of Honor, set the tone for the event with his opening remarks, emphasizing the transformative role of big tech in reimagining scalable, customer-centric financial services in the digital age.

Following his address, key speakers enriched the discussions with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at the Monetary Authority of Singapore and Group CEO-Designate of The Global Finance & Technology Network (GFTN), underlined the importance of fostering responsible technology adoption and building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former Comptroller and Auditor General of India, shared his perspectives on governance and policy frameworks in financial systems. Mr. S.M. Acharya, Chairman of Nucleus Software and former Defence Secretary of India, offered a visionary outlook on leveraging technology to modernize and secure banking frameworks. Finally, Mr. Pieter Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech innovator, discussed the future of decentralized finance and its implications for the financial sector.

The event showcased the transformative role of technology in global financial systems, emphasizing innovations that set benchmarks for scalability and inclusivity. Panelists discussed the importance of localized solutions, the challenges of cross-border integration, and leveraging dual business models to optimize capital and foster public participation. The dialogue highlighted the need for common standards, unified frameworks like APIs, and collaborative efforts to accelerate financial inclusion and drive global connectivity in the digital age.

For 30 years, Nucleus Software has consistently introduced advanced lending and banking solutions that support financial institutions’ evolving needs in Singapore and South East Asia. Driven by lean development methodologies like Acceptance Test-Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push boundaries in efficient, flexible, and secure financial technology.

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