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 Peening Equipment market.

Market Analysis and Insights: Global Laser Peening Equipment Market
The global Laser Peening Equipment market is valued at US$ million in 2020. The market size will reach US$ million by the end of 2027, growing at a CAGR of % during 2021-2027.

Global Laser Peening Equipment Scope and Segment
Laser Peening Equipment market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Laser Peening Equipment market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Stationary Type
Mobile Type

Segment by Application
Aerospace
Manufacturing Industries
Automotive
Energy
Others

By Company
LSP Technologies, Inc.
Toshiba
Tyrida Optical Electric Technology
Kunshan Carthing Precision

Production by Region
North America
Europe
China
Japan

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E