LASER PROCESSING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

Laser Processing is the laser beam radiation to the surface of work piece that is used to melt material and change the properties of the material by using high energy emission. Laser processing technologies is used for marking/engraving consumer goods, electronic components, and other parts used in industries. Lasers are used for various applications in commercial as well as industrial processes. Industrial processes typically include material processing, marking and engraving, and other micro-processing using laser technology. Laser technology offers various advantages as compared to conventional techniques such as plasma technology, flame, and water jet. Plasma and flame technologies are used for cutting purposes and not for engraving, marking, and drilling processes, while waterjet is used for the ablation and structuring process. Laser technology can perform all the aforementioned procedures efficiently without producing noise pollution. Hence, these factors are expected to drive growth of the global laser processing market during the forecast period.

In 2021, Laser Processing Market is estimated to reach US$ 19,162.9 Million in terms of value.

Market Dynamics

Marking and engraving is also expected to drive market growth during forecast period. Marking used for making serial numbers, brand name, manufacturing dates, price, product codes, and other information on various industrial products. Common techniques used for marking are ink-jet printers, ink stamping, punching, and laser marking. Laser marking systems offer numerous advantages such as environment-friendly and high-quality marks over other conventional marking techniques. Moreover, laser marking requires no solvent for marking; hence it helps to reduce the finishing process in manufacturing and is easy to recycle. Furthermore, laser making provides high-speed and fine markings as compared to other technologies.

Carbon dioxide and Nd: YAG lasers are the most commonly used technologies in medical applications. However, laser technology has started to gain traction in a range of applications from diagnosis to treatment. It is typically used for treatment of skin, hair, cancer, and eyes. Various surgeries such as cleaning of arteries, surgery for a detached retina, and other cosmetic surgeries have become possible with the help of laser technology. Cosmetic surgeries such as removal of permanent/birthmarks on the skin, port-wine stains, skin blotches, and other skin treatments can be accomplished using laser technology. Lasers play an important role in material processing of medical such as surgical tools and implantable devices used in hospitals and dispensaries. Moreover, laser technology is being used in various medical procedures such as lithotripsy, dermatology, angioplasty, mammography, microscopy, medical imaging, cancer diagnosis, and ophthalmology

Key features of the study:

• This report provides an in-depth analysis of the Laser Processing Market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the laser processing market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the laser processing market are Trumpf GmbH + Co. KG, Prima Industrie S.p.A., Universal Laser Systems Inc., Epilog Laser Inc., Coherent Inc., Eurolaser GmbH, IPG Photonics Corporation, Bystronic Laser AG, Newport Corporation, and Rofin-Sinar Technologies Inc.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The laser processing market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the laser processing market.

Detailed Segmentation

• Global Laser Processing Market, By Product Type:
  • Gas Lasers
  • Solid State Lasers
  • Fiber Lasers
  • Others
• Global Laser Processing Market, By Process:
  • Material Processing
  • Marking and Engraving
  • Micro-Processing
• Global Laser Processing Market, By End-Use Industry:
  • Automotive
  • Aerospace
  • Original Equipment Manufacturer (OEM)
  • Electronics and Micro-Electronics
  • Medical Devices and Treatment
  • Packaging
• Global Laser Processing Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Trumpf GmbH + Co. KG *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Prima Industrie S.p.A
  • Universal Laser Systems Inc.
  • Epilog Laser Inc.
  • Coherent Inc.
  • Eurolaser GmbH
  • IPG Photonics Corporation
  • Bystronic Laser AG
  • Newport Corporation
  • Rofin-Sinar Technologies Inc.

 “*” marked represents similar segmentation in other categories in the respective section.