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PI Physik Instrumente - Mirorrs for Laser Comm LB LW 7/24

China’s Industrial Laser Market Shows Post-Pandemic Recovery

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After losing momentum during the global pandemic, China's market for industrial lasers is showing signs of recovery and even acceleration.

BO GU, BOS PHOTONICS

The Chinese economy was on a roller coaster in 2022 but evened out at the end to grow its gross domestic product by 3%, which is very slow growth by China’s standard. The bright side, however, was that the country’s high-tech manufacturing industries grew at a much faster pace of 7.4% compared to the previous year. This latter trend strongly supports the stable development of China’s laser industry and has led to the rapid transformation and upgrade of its national economy. The impact of COVID-19 on the Chinese laser industry was minimal until 2022. Many Chinese cities...Read full article

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    Published: June 2023
    Glossary
    additive manufacturing
    Additive manufacturing (AM), also known as 3D printing, is a manufacturing process that involves creating three-dimensional objects by adding material layer by layer. This is in contrast to traditional manufacturing methods, which often involve subtracting or forming materials to achieve the desired shape. In additive manufacturing, a digital model of the object is created using computer-aided design (CAD) software, and this digital model is then sliced into thin cross-sectional layers. The...
    FeaturesBusinessChinaindustrial lasersfiber laserslaser cuttinglaser weldinglaser cleaningadditive manufacturing

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