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.
This report contains market size and forecasts of Laser Shock Peening Services in Global, including the following market information:
Global Laser Shock Peening Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Laser Shock Peening Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
High Energy, Low Repetition Rate Lasers Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Laser Shock Peening Services include LSP Technologies, Inc., Curtiss-Wright, Tyrida Optical Electric Technology, Kunshan Carthing Precision, Lambda Technologies Group, HiLASE, ALPhANOV, ZAL GmbH and Westinghouse Electric and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Laser Shock Peening Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Laser Shock Peening Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Laser Shock Peening Services Market Segment Percentages, by Type, 2021 (%)
High Energy, Low Repetition Rate Lasers
Intermediate Energy, Intermediate Repetition Rate Lasers
Low Energy, High Repetition Rate Lasers
Global Laser Shock Peening Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Laser Shock Peening Services Market Segment Percentages, by Application, 2021 (%)
Manufacturing Industries
Aerospace
Automotive
Energy
Medical
Recreational Sports
Others
Global Laser Shock Peening Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Laser Shock Peening Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Laser Shock Peening Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Laser Shock Peening Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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