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PUBLISHER: IMARC | PRODUCT CODE: 1831950
PUBLISHER: IMARC | PRODUCT CODE: 1831950
Laser Processing Market Report by Process, Product, Application, and Region 2025-2033
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PAGES: 138 Pages
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The global laser processing market size reached USD 5.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.6 Billion by 2033, exhibiting a growth rate (CAGR) of 5.81% during 2025-2033.
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:
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 2024?
- 2.What is the expected growth rate of the global laser processing market during 2025-2033?
- 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: SR112025A4475
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: SR112025A4475
List of Figures
- Figure 1: Global: Laser Processing Market: Major Drivers and Challenges
- Figure 2: Global: Laser Processing Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Laser Processing Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 4: Global: Laser Processing Market: Breakup by Process (in %), 2024
- Figure 5: Global: Laser Processing Market: Breakup by Product (in %), 2024
- Figure 6: Global: Laser Processing Market: Breakup by Application (in %), 2024
- Figure 7: Global: Laser Processing Market: Breakup by Region (in %), 2024
- Figure 8: Global: Laser Processing (Material Processing) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 9: Global: Laser Processing (Material Processing) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 10: Global: Laser Processing (Marking and Engraving) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 11: Global: Laser Processing (Marking and Engraving) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 12: Global: Laser Processing (Micro-Processing) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 13: Global: Laser Processing (Micro-Processing) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 14: Global: Laser Processing (Gas) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 15: Global: Laser Processing (Gas) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 16: Global: Laser Processing (Solid-State) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 17: Global: Laser Processing (Solid-State) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 18: Global: Laser Processing (Fiber) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 19: Global: Laser Processing (Fiber) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 20: Global: Laser Processing (Other Products) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 21: Global: Laser Processing (Other Products) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 22: Global: Laser Processing (Automotive) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 23: Global: Laser Processing (Automotive) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Laser Processing (Aerospace) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 25: Global: Laser Processing (Aerospace) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 26: Global: Laser Processing (Machine Tools) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 27: Global: Laser Processing (Machine Tools) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 28: Global: Laser Processing (Electronics and Microelectronics) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 29: Global: Laser Processing (Electronics and Microelectronics) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 30: Global: Laser Processing (Medical) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 31: Global: Laser Processing (Medical) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 32: Global: Laser Processing (Packaging) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 33: Global: Laser Processing (Packaging) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 34: North America: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 35: North America: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 36: United States: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 37: United States: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 38: Canada: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 39: Canada: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 40: Asia-Pacific: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 41: Asia-Pacific: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 42: China: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 43: China: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 44: Japan: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 45: Japan: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 46: India: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 47: India: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 48: South Korea: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 49: South Korea: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 50: Australia: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 51: Australia: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 52: Indonesia: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 53: Indonesia: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 54: Others: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 55: Others: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 56: Europe: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 57: Europe: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 58: Germany: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 59: Germany: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 60: France: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 61: France: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 62: United Kingdom: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 63: United Kingdom: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 64: Italy: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 65: Italy: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 66: Spain: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 67: Spain: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 68: Russia: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 69: Russia: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 70: Others: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 71: Others: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 72: Latin America: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 73: Latin America: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 74: Brazil: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 75: Brazil: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 76: Mexico: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 77: Mexico: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 78: Others: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 79: Others: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 80: Middle East and Africa: Laser Processing Market: Sales Value (in Million USD), 2019 & 2024
- Figure 81: Middle East and Africa: Laser Processing Market: Breakup by Country (in %), 2024
- Figure 82: Middle East and Africa: Laser Processing Market Forecast: Sales Value (in Million USD), 2025-2033
- 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, 2024 and 2033
- Table 2: Global: Laser Processing Market Forecast: Breakup by Process (in Million USD), 2025-2033
- Table 3: Global: Laser Processing Market Forecast: Breakup by Product (in Million USD), 2025-2033
- Table 4: Global: Laser Processing Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 5: Global: Laser Processing Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 6: Global: Laser Processing Market: Competitive Structure
- Table 7: Global: Laser Processing Market: Key Players
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