Global Laser Shock Peening Services Market Insights, Forecast to 2028

Laser peening (LP), or laser shock peening (LSP), is a surface engineering process used to impart beneficial residual stresses in materials. The deep, high magnitude compressive residual stresses induced by laser peening increase the resistance of materials to surface-related failures, such as fatigue, fretting fatigue and stress corrosion cracking. Laser shock peening can also be used to strengthen thin sections, harden surfaces, shape or straighten parts (known as laser peen forming), break up hard materials, compact powdered metals and for other applications where high pressure, short duration shock waves offer desirable processing results.
This report focus on Laser Shock Peening Services market.
Market Analysis and Insights: Global Laser Shock Peening Services Market
The global Laser Shock Peening Services market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, High Energy, Low Repetition Rate Lasers accounting for % of the Laser Shock Peening Services global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Manufacturing Industries segment is altered to an % CAGR throughout this forecast period.
China Laser Shock Peening Services market size is valued at US$ million in 2021, while the North America and Europe Laser Shock Peening Services are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Laser Shock Peening Services landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Laser Shock Peening Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Laser Shock Peening Services market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Laser Shock Peening Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Laser Shock Peening Services market.
Global Laser Shock Peening Services Scope and Market Size
Laser Shock Peening Services market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Laser Shock Peening Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
High Energy, Low Repetition Rate Lasers
Intermediate Energy, Intermediate Repetition Rate Lasers
Low Energy, High Repetition Rate Lasers
Segment by Application
Manufacturing Industries
Aerospace
Automotive
Energy
Medical
Recreational Sports
Others
By Company
LSP Technologies, Inc.
Curtiss-Wright
Tyrida Optical Electric Technology
Kunshan Carthing Precision
Lambda Technologies Group
HiLASE
ALPhANOV
ZAL GmbH
Westinghouse Electric
GE Hitachi Nuclear Energy
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA