As China's laser industry continues to undergo the process of localization, with significant improvements in the quality of domestic products, the domestic market share of laser products, including high-power laser equipment, light sources (fiber lasers, ultrafast lasers, etc.), optical components, control systems (chips, control software, and accessories), and crystal materials, has been steadily increasing in the past two years. According to data released by the General Administration of Customs, the total import and export value of "lasers, excluding laser diodes" in China from January to June 2023 amounted to 9.229 billion yuan, a 2.42% decrease compared to the same period last year. The import value was 6.859 billion yuan, a 12.05% decrease year-on-year, while the export value was 2.37 billion yuan, a 19.16% increase year-on-year. Although China still relies heavily on imports for high-end equipment, the industry of laser processing machines for various materials has made significant progress in the past six years. Domestic companies have increased their exports and actively explored overseas markets, entering a favorable development stage. With policy support, important conditions have been created for the development of high-end equipment in the industry. Source: OESHOW

With the deepening of Industry 4.0 and the concept of "Made in China 2025," more and more companies have begun to realize the importance of transformation and upgrading, especially in the automotive manufacturing industry. China's laser industry has developed rapidly and has a clear competitive advantage, with an increasing market share in the global laser market. In 2022, the total global sales of lasers reached approximately 19.3 billion US dollars, and the Chinese laser market reached 14.74 billion US dollars, with fiber lasers accounting for 51% of the domestic market. Fiber lasers are a trusted technology that can generate higher value with sufficient energy, empowering the automotive industry. Nanjing Hecho Technology provides high-power energy transmission fiber and quartz fiber, offering customized optical transmission solutions to customers. Source: Deng Jiake, Zhong Yi - OESHOW

Recently, utilizing the StartUs Insights Discovery platform driven by big data and artificial intelligence, an analysis of over 1,500 startups and emerging companies was conducted, leading to the in-depth research and of the top ten technological trends in the laser industry for 2024. These trends include laser 3D printing, laser communication, high-power diodes, AR laser scanning, laser radar technology, intelligent lasers, quantum laser systems, micro lasers, hybrid lasers, and laser-guided processing. (Source: StartUs) As the application of lasers continues to be developed, higher standards and demands are placed on high-power lasers. Fiber optic products that possess excellent high-temperature resistance, high flexibility, and durability are more suitable for future market development. Nanjing Hecho Technology adheres to a customer-centric approach, continuously optimizing production processes, providing customized services, meeting the demands of emerging markets, and growing together with our customers.