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PUBLISHER: IMARC | PRODUCT CODE: 1390660
PUBLISHER: IMARC | PRODUCT CODE: 1390660
Laser Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
The global laser processing market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.26% during 2022-2028.
Laser processing helps in laser welding, laser cutting, surface modification, laser drilling, and micro-processing. It utilizes projected beams that can be moving, fixed, or hybrid for engraving, etching, micro processing, and material processing. It is a non-contact processing technique that provides the manufacturer with high-quality, smooth and dimensionally accurate cuts. It also improves the damage resistance of materials and offers composites with no microcracks, which make it more popular than its traditional processing techniques. Nowadays, laser processing technology is widely used in automotive, aerospace and defense, architecture, packaging, and telecommunication industries for punching, cutting, scribing, welding, and heat treatments.
Laser Processing Market Trends:
The global laser processing market is primarily driven by various advantages of laser process over conventional material processing technologies. Laser processing provides a permanent, faster, and accurate way of marking and engraving while offering high efficiency, superior beam quality and reliability. Besides this, the rising trend of miniaturization of products and microelectronic devices is fueling the market growth. Furthermore, there has been growing adoption of laser processing technology in the manufacturing of medical devices such as pacemakers, implantable devices and surgical tools. Moreover, technological advancements have also enhanced the edge quality and cutting speed of laser processing. For instance, the development of a liquid-crystal spatial light modulator (SLM) by Hamamatsu Photonics with the highest pulsed laser power capabilities of up to 400 GW/cm2 is helping users to achieve high-throughput and high-precision laser processing. Furthermore, the utilization of expensive laser-drilling techniques in oil and gas exploration, which reduce the cost of drilling and improve the feasibility of uneconomic oil deposits across the globe, is further expected to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global laser processing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on process, product and application.
Breakup by Process:
Material Processing
Marking and Engraving
Micro-Processing
Breakup by Product:
Gas
Solid-State
Fiber
Others
Breakup by Application:
Automotive
Aerospace
Machine Tools
Electronics and Microelectronics
Medical
Packaging
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bystronic Laser Ag, Coherent Inc., Epilog Laser, Eurolaser GmbH, Han's Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Jenoptik AG, LaserStar Technologies Corporation, Newport Corporation (MKS Instruments Inc.), Prima Industrie S.p.A., Trumpf GmbH + Co. KG and Universal Laser Systems Inc.
Key Questions Answered in This Report
- 1. What was the size of the global laser processing market in 2022?
- 2. What is the expected growth rate of the global laser processing market during 2023-2028?
- 3. What are the key factors driving the global laser processing market?
- 4. What has been the impact of COVID-19 on the global laser processing market?
- 5. What is the breakup of the global laser processing market based on the process?
- 6. What is the breakup of the global laser processing market based on the product?
- 7. What is the breakup of the global laser processing market based on the application?
- 8. What are the key regions in the global laser processing market?
- 9. Who are the key players/companies in the global laser processing market?
Product Code: SR112023A4475
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Laser Processing Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Process
- 6.1 Material Processing
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Marking and Engraving
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Micro-Processing
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Product
- 7.1 Gas
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Solid-State
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Fiber
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Automotive
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aerospace
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Machine Tools
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Electronics and Microelectronics
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Medical
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Packaging
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Bystronic Laser Ag
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Coherent Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Epilog Laser
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Eurolaser GmbH
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Han's Laser Technology Industry Group Co. Ltd.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 IPG Photonics Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 Jenoptik AG
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 LaserStar Technologies Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Newport Corporation (MKS Instruments Inc.)
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 Prima Industrie S.p.A.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 Trumpf GmbH + Co. KG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Universal Laser Systems Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Bystronic Laser Ag
Product Code: SR112023A4475
List of Figures
- Figure 1: Global: Laser Processing Market: Major Drivers and Challenges
- Figure 2: Global: Laser Processing Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Laser Processing Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Laser Processing Market: Breakup by Process (in %), 2022
- Figure 5: Global: Laser Processing Market: Breakup by Product (in %), 2022
- Figure 6: Global: Laser Processing Market: Breakup by Application (in %), 2022
- Figure 7: Global: Laser Processing Market: Breakup by Region (in %), 2022
- Figure 8: Global: Laser Processing (Material Processing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Laser Processing (Material Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Laser Processing (Marking and Engraving) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Laser Processing (Marking and Engraving) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Laser Processing (Micro-Processing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Laser Processing (Micro-Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Laser Processing (Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Laser Processing (Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Laser Processing (Solid-State) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Laser Processing (Solid-State) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Laser Processing (Fiber) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Laser Processing (Fiber) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Laser Processing (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Laser Processing (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Laser Processing (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Laser Processing (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Laser Processing (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Laser Processing (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Laser Processing (Machine Tools) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Laser Processing (Machine Tools) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Laser Processing (Electronics and Microelectronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Laser Processing (Electronics and Microelectronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Laser Processing (Medical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Laser Processing (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Laser Processing (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Laser Processing (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: North America: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: North America: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: United States: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: United States: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Canada: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Canada: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Asia-Pacific: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Asia-Pacific: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: China: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: China: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Japan: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Japan: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: India: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: India: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: South Korea: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: South Korea: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Australia: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Australia: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Indonesia: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Indonesia: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Others: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Others: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Europe: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Europe: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Germany: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Germany: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: France: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: France: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: United Kingdom: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: United Kingdom: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Italy: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Italy: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Spain: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Spain: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Russia: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Russia: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Latin America: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Latin America: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Brazil: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Brazil: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Mexico: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Mexico: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Others: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Others: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Middle East and Africa: Laser Processing Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Middle East and Africa: Laser Processing Market: Breakup by Country (in %), 2022
- Figure 82: Middle East and Africa: Laser Processing Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Global: Laser Processing Industry: SWOT Analysis
- Figure 84: Global: Laser Processing Industry: Value Chain Analysis
- Figure 85: Global: Laser Processing Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Laser Processing Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Laser Processing Market Forecast: Breakup by Process (in Million US$), 2023-2028
- Table 3: Global: Laser Processing Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 4: Global: Laser Processing Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Laser Processing Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Laser Processing Market: Competitive Structure
- Table 7: Global: Laser Processing Market: Key Players
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