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PALM BEACH, Fla., Oct. 20, 2022 /PRNewswire/ -- The global Laser cleaning system market is highly competitive and will, according to reports, continue to grow in all the major markets worldwide. A report from MarketsAndMarkets said that The growing need for Laser Cleaning in numerous applications, including conservation and restoration, cleaning procedures, and industrial use, as well as the preference for Laser Cleaning over traditional approaches, are boosting the market's expansion. In comparison to conventional cleaning techniques, laser cleaning offers numerous benefits, including chemical, thermochemical, thermal, grinding, and blasting. It can even enhance the entire production process. The report projected that the Laser Cleaning Market is anticipated to increase from USD 588.8 million in 2018 to USD 723.9 million by 2023. The report said: "Applications related to cleaning processes dominated the global laser cleaning market… the market for laser cleaning is divided into three main categories: industrial, conservation & restoration, and cleaning process. Due to the significant need for cleaning automotive parts, the market for cleaning processes had the biggest market size (in recent years). Additionally, lasers are used to remove paint and coatings like oxide layers from metal before welding. The total expansion of the laser cleaning market will also be partly attributed to the expanding commercial aerospace industry." Active Companies in the markets today include: Laser Photonics Corporation (NASDAQ: LASE), Luminar (NASDAQ: LAZR), Aeva® (NYSE: AEVA), Coherent Corp. (NASDAQ: COHR), MicroVision, Inc. (NASDAQ: MVIS).
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