Global Laser Peening System Market Research Report 2024(Status and Outlook)

Report Overview:

 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 provides a deep insight into the global Laser Peening System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

Market Value:

 The global Laser Peening System Market was valued at US$ million in 2023 and is projected to reach US$ million by 2030, at a CAGR of % during the forecast period.

CAGR of XX%

(2022 – 2029)

By Types:

•Stationary Laser Peening System

•Mobile Laser Peening System

By Applications: Aerospace

Key players include:

•The major companies include:

•LSP Technologies, Inc.

•Toshiba

•Tyrida Optical Electric Technology

•Kunshan Carthing Precision