Transparency Market Research announces the release of a new research report titled “Laser Processing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. This report states that expanding at a strong CAGR of 10.20% from 2014 to 2020, the global laser processing market is anticipated to rise from a value of US$8.7 bn in 2013 to US$17.2 bn in 2020. The global laser processing market is driven by growing advantages of laser technology over conventional material processing technologies, rising use of laser drilling in oil and gas exploration, government regulations mandating the use of laser technology in marking and engraving products, and increasing applications of laser products in medical devices and surgeries. While emerging applications of laser technology and growing use of disk lasers in industrial applications hold immense scope for growth, the laser processing market is likely to be challenged by high initial costs of laser proce...