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Market Research Report
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1093412

North America Laser Processing Market Size, Share & Industry Trends Analysis Report By Process (Material Processing, Marking & Engraving, Micro-Processing), By Application, By Product, By Country and Growth Forecast, 2022 - 2028

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North America Laser Processing Market Size, Share & Industry Trends Analysis Report By Process (Material Processing, Marking & Engraving, Micro-Processing), By Application, By Product, By Country and Growth Forecast, 2022 - 2028
Published: May 31, 2022
KBV Research
Content info: 84 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

The North America Laser Processing Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).

Laser technology is well-suited for integration into modern systems, such as unmanned product environments including robotics and automation, as well as CAD and CAM (computer-aided design and manufacture) - all of which are part of Industry 4.0.

It provides for fabrication stages and outcomes for which no other method exists in some cases. This is true for a variety of micromachining applications requiring extreme spatial precision. Another application is processing within translucent materials, which would be impossible to access with traditional instruments. Furthermore, materials that can be handled using would be extremely hard to analyze with other methods.

There are frequently significant benefits in terms of processing quality. Miniature parts, for example, can be manufactured with better surface texture, and the contactless treatment eliminates contamination from mechanical tools. Mechanical tools do not wear out as a result of the contactless operation. The laser source and other system components may require some maintenance and repairs, but they are often far less than conventional mechanical processing systems.

Manufacturing is critical to B.C.'s economic diversification and future prosperity. It demonstrates British Columbia's capability for product development and innovative manufacturing methods. Pharmaceuticals and medicines, electronic items and components, equipment, and ship and boatbuilding are among the fastest-growing manufacturing sub-sectors.

It is also strongly linked to B.C.'s strengths in forestry, agriculture, and mining, bringing further value to the province's abundant natural resources. Manufacturing is a large purchaser of services, which helps the transportation, finance, and communication industries develop. Manufacturing provides $16.8 billion to the BC economy or nearly 9% of the total Canadian manufacturing GDP (GDP).

Manufacturing in the United States is on the mend, with even more than 800,000 new jobs generated since the Great Recession ended in 2010. Global CEOs have rated the United States the best country to make and invest in over the last four years in a row, and new capital investment is coming into a wide range of industrial technologies. Despite accounting for only 12% of GDP, manufacturing shelters a significant amount of innovative activity, accounting for 75% of private-sector R&D, 60% of all U.S. R&D personnel, and the vast majority of patents issued.

The US market dominated the North America Laser Processing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,148.9 million by 2028. The Canada market is experiencing a CAGR of 10.9% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 9.9% during (2022 - 2028).

Based on Process, the market is segmented into Material Processing, Marking & Engraving, Micro-Processing. Based on Application, the market is segmented into Machine Tools, Electronics and Microelectronics, Automotive, Medical, Packaging, Aerospace, and Others. Based on Product, the market is segmented into Gas Lasers, Solid-state Lasers, Fiber Lasers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Coherent, Inc., IPG Photonics Corporation, Lumentum Holdings, Inc., Jenoptik AG, TRUMPF GmbH + Co. KG, Han's Laser Technology Industry Group Co., Ltd., Epilog Laser, LUMIBIRD, LaserStar Technologies Corporation, and Gravotech Marking.

Scope of the Study

Market Segments covered in the Report:

By Process

  • Material Processing
  • Marking & Engraving
  • Micro-Processing

By Application

  • Machine Tools
  • Electronics and Microelectronics
  • Automotive
  • Medical
  • Packaging
  • Aerospace
  • Others

By Product

  • Gas Lasers
  • Solid-state Lasers
  • Fiber Lasers
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Companies Profiled

  • Coherent, Inc.
  • IPG Photonics Corporation
  • Lumentum Holdings, Inc.
  • Jenoptik AG
  • TRUMPF GmbH + Co. KG
  • Han's Laser Technology Industry Group Co., Ltd.
  • Epilog Laser
  • LUMIBIRD
  • LaserStar Technologies Corporation
  • Gravotech Marking

Unique Offerings from KBV Research

  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology

  • 1.1 Market Definition
  • 1.2 Objectives
  • 1.3 Market Scope
  • 1.4 Segmentation
    • 1.4.1 North America Laser Processing Market, by Process
    • 1.4.2 North America Laser Processing Market, by Application
    • 1.4.3 North America Laser Processing Market, by Product
    • 1.4.4 North America Laser Processing Market, by Country
  • 1.5 Methodology for the research

Chapter 2. Market Overview

  • 2.1 Introduction
    • 2.1.1 Overview
      • 2.1.1.1 Market Composition and Scenario
  • 2.2 Key Factors Impacting the Market
    • 2.2.1 Market Drivers
    • 2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global

  • 3.1 KBV Cardinal Matrix
  • 3.2 Recent Industry Wide Strategic Developments
    • 3.2.1 Partnerships, Collaborations and Agreements
    • 3.2.2 Product Launches and Product Expansions
    • 3.2.3 Acquisition and Mergers
    • 3.2.4 Geographical Expansions
  • 3.3 Top Winning Strategies
    • 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
    • 3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb - 2022, Apr) Leading Players

Chapter 4. North America Laser Processing Market by Process

  • 4.1 North America Material Processing Market by Country
  • 4.2 North America Marking & Engraving Market by Country
  • 4.3 North America Micro-Processing Market by Country

Chapter 5. North America Laser Processing Market by Application

  • 5.1 North America Machine Tools Market by Country
  • 5.2 North America Electronics and Microelectronics Market by Country
  • 5.3 North America Automotive Market by Country
  • 5.4 North America Medical Market by Country
  • 5.5 North America Packaging Market by Country
  • 5.6 North America Aerospace Market by Country
  • 5.7 North America Others Market by Country

Chapter 6. North America Laser Processing Market by Product

  • 6.1 North America Gas Lasers Market by Country
  • 6.2 North America Solid-state Lasers Market by Country
  • 6.3 North America Fiber Lasers Market by Country
  • 6.4 North America Others Market by Country

Chapter 7. North America Laser Processing Market by Country

  • 7.1 US Laser Processing Market
    • 7.1.1 US Laser Processing Market by Process
    • 7.1.2 US Laser Processing Market by Application
    • 7.1.3 US Laser Processing Market by Product
  • 7.2 Canada Laser Processing Market
    • 7.2.1 Canada Laser Processing Market by Process
    • 7.2.2 Canada Laser Processing Market by Application
    • 7.2.3 Canada Laser Processing Market by Product
  • 7.3 Mexico Laser Processing Market
    • 7.3.1 Mexico Laser Processing Market by Process
    • 7.3.2 Mexico Laser Processing Market by Application
    • 7.3.3 Mexico Laser Processing Market by Product
  • 7.4 Rest of North America Laser Processing Market
    • 7.4.1 Rest of North America Laser Processing Market by Process
    • 7.4.2 Rest of North America Laser Processing Market by Application
    • 7.4.3 Rest of North America Laser Processing Market by Product

Chapter 8. Company Profiles

  • 8.1 Coherent, Inc.
    • 8.1.1 Company Overview
    • 8.1.2 Financial Analysis
    • 8.1.3 Segmental and Regional Analysis
    • 8.1.4 Research & Development Expense
    • 8.1.5 Recent strategies and developments:
      • 8.1.5.1 Partnerships, Collaborations, and Agreements:
      • 8.1.5.2 Product Launches and Product Expansions:
  • 8.2 IPG Photonics Corporation
    • 8.2.1 Company Overview
    • 8.2.2 Financial Analysis
    • 8.2.3 Regional Analysis
    • 8.2.4 Research & Development Expenses
    • 8.2.5 Recent strategies and developments:
      • 8.2.5.1 Partnerships, Collaborations, and Agreements:
      • 8.2.5.2 Product Launches and Product Expansions:
  • 8.3 Lumentum Holdings, Inc.
    • 8.3.1 Company Overview
    • 8.3.2 Financial Analysis
    • 8.3.3 Segmental and Regional Analysis
    • 8.3.4 Research & Development Expense
  • 8.4 Jenoptik AG
    • 8.4.1 Company Overview
    • 8.4.2 Financial Analysis
    • 8.4.3 Segmental and Regional Analysis
    • 8.4.4 Research & Development Expense
    • 8.4.5 Recent strategies and developments:
      • 8.4.5.1 Partnerships, Collaborations and Agreements:
      • 8.4.5.2 Product Launches and Product Expansions:
      • 8.4.5.3 Acquisition and Mergers:
  • 8.5 TRUMPF GmbH + Co. KG
    • 8.5.1 Company Overview
    • 8.5.2 Financial Analysis
    • 8.5.3 Segmental and Regional Analysis
    • 8.5.4 Research & Development Expenses
    • 8.5.5 Recent strategies and developments:
      • 8.5.5.1 Acquisitions and Mergers:
      • 8.5.5.2 Product Launches and Product Expansions:
  • 8.6 Han's Laser Technology Industry Group Co., Ltd.
    • 8.6.1 Company Overview
    • 8.6.2 Recent strategies and developments:
      • 8.6.2.1 Geographical Expansions:
  • 8.7 Epilog Laser
    • 8.7.1 Company Overview
    • 8.7.2 Recent strategies and developments:
      • 8.7.2.1 Product Launches and Product Expansions:
  • 8.8 LUMIBIRD
    • 8.8.1 Company Overview
  • 8.9 LaserStar Technologies Corporation
    • 8.9.1 Company Overview
  • 8.10. Gravotech Marking
    • 8.10.1 Company Overview

LIST OF TABLES

  • TABLE 1 North America Laser Processing Market, 2018 - 2021, USD Million
  • TABLE 2 North America Laser Processing Market, 2022 - 2028, USD Million
  • TABLE 3 Partnerships, Collaborations and Agreements- Laser Processing Market
  • TABLE 4 Product Launches And Product Expansions- Laser Processing Market
  • TABLE 5 Acquisition and Mergers- Laser Processing Market
  • TABLE 6 Geographical expansions- Laser Processing Market
  • TABLE 7 North America Laser Processing Market by Process, 2018 - 2021, USD Million
  • TABLE 8 North America Laser Processing Market by Process, 2022 - 2028, USD Million
  • TABLE 9 North America Material Processing Market by Country, 2018 - 2021, USD Million
  • TABLE 10 North America Material Processing Market by Country, 2022 - 2028, USD Million
  • TABLE 11 North America Marking & Engraving Market by Country, 2018 - 2021, USD Million
  • TABLE 12 North America Marking & Engraving Market by Country, 2022 - 2028, USD Million
  • TABLE 13 North America Micro-Processing Market by Country, 2018 - 2021, USD Million
  • TABLE 14 North America Micro-Processing Market by Country, 2022 - 2028, USD Million
  • TABLE 15 North America Laser Processing Market by Application, 2018 - 2021, USD Million
  • TABLE 16 North America Laser Processing Market by Application, 2022 - 2028, USD Million
  • TABLE 17 North America Machine Tools Market by Country, 2018 - 2021, USD Million
  • TABLE 18 North America Machine Tools Market by Country, 2022 - 2028, USD Million
  • TABLE 19 North America Electronics and Microelectronics Market by Country, 2018 - 2021, USD Million
  • TABLE 20 North America Electronics and Microelectronics Market by Country, 2022 - 2028, USD Million
  • TABLE 21 North America Automotive Market by Country, 2018 - 2021, USD Million
  • TABLE 22 North America Automotive Market by Country, 2022 - 2028, USD Million
  • TABLE 23 North America Medical Market by Country, 2018 - 2021, USD Million
  • TABLE 24 North America Medical Market by Country, 2022 - 2028, USD Million
  • TABLE 25 North America Packaging Market by Country, 2018 - 2021, USD Million
  • TABLE 26 North America Packaging Market by Country, 2022 - 2028, USD Million
  • TABLE 27 North America Aerospace Market by Country, 2018 - 2021, USD Million
  • TABLE 28 North America Aerospace Market by Country, 2022 - 2028, USD Million
  • TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
  • TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
  • TABLE 31 North America Laser Processing Market by Product, 2018 - 2021, USD Million
  • TABLE 32 North America Laser Processing Market by Product, 2022 - 2028, USD Million
  • TABLE 33 North America Gas Lasers Market by Country, 2018 - 2021, USD Million
  • TABLE 34 North America Gas Lasers Market by Country, 2022 - 2028, USD Million
  • TABLE 35 North America Solid-state Lasers Market by Country, 2018 - 2021, USD Million
  • TABLE 36 North America Solid-state Lasers Market by Country, 2022 - 2028, USD Million
  • TABLE 37 North America Fiber Lasers Market by Country, 2018 - 2021, USD Million
  • TABLE 38 North America Fiber Lasers Market by Country, 2022 - 2028, USD Million
  • TABLE 39 North America Others Market by Country, 2018 - 2021, USD Million
  • TABLE 40 North America Others Market by Country, 2022 - 2028, USD Million
  • TABLE 41 North America Laser Processing Market by Country, 2018 - 2021, USD Million
  • TABLE 42 North America Laser Processing Market by Country, 2022 - 2028, USD Million
  • TABLE 43 US Laser Processing Market, 2018 - 2021, USD Million
  • TABLE 44 US Laser Processing Market, 2022 - 2028, USD Million
  • TABLE 45 US Laser Processing Market by Process, 2018 - 2021, USD Million
  • TABLE 46 US Laser Processing Market by Process, 2022 - 2028, USD Million
  • TABLE 47 US Laser Processing Market by Application, 2018 - 2021, USD Million
  • TABLE 48 US Laser Processing Market by Application, 2022 - 2028, USD Million
  • TABLE 49 US Laser Processing Market by Product, 2018 - 2021, USD Million
  • TABLE 50 US Laser Processing Market by Product, 2022 - 2028, USD Million
  • TABLE 51 Canada Laser Processing Market, 2018 - 2021, USD Million
  • TABLE 52 Canada Laser Processing Market, 2022 - 2028, USD Million
  • TABLE 53 Canada Laser Processing Market by Process, 2018 - 2021, USD Million
  • TABLE 54 Canada Laser Processing Market by Process, 2022 - 2028, USD Million
  • TABLE 55 Canada Laser Processing Market by Application, 2018 - 2021, USD Million
  • TABLE 56 Canada Laser Processing Market by Application, 2022 - 2028, USD Million
  • TABLE 57 Canada Laser Processing Market by Product, 2018 - 2021, USD Million
  • TABLE 58 Canada Laser Processing Market by Product, 2022 - 2028, USD Million
  • TABLE 59 Mexico Laser Processing Market, 2018 - 2021, USD Million
  • TABLE 60 Mexico Laser Processing Market, 2022 - 2028, USD Million
  • TABLE 61 Mexico Laser Processing Market by Process, 2018 - 2021, USD Million
  • TABLE 62 Mexico Laser Processing Market by Process, 2022 - 2028, USD Million
  • TABLE 63 Mexico Laser Processing Market by Application, 2018 - 2021, USD Million
  • TABLE 64 Mexico Laser Processing Market by Application, 2022 - 2028, USD Million
  • TABLE 65 Mexico Laser Processing Market by Product, 2018 - 2021, USD Million
  • TABLE 66 Mexico Laser Processing Market by Product, 2022 - 2028, USD Million
  • TABLE 67 Rest of North America Laser Processing Market, 2018 - 2021, USD Million
  • TABLE 68 Rest of North America Laser Processing Market, 2022 - 2028, USD Million
  • TABLE 69 Rest of North America Laser Processing Market by Process, 2018 - 2021, USD Million
  • TABLE 70 Rest of North America Laser Processing Market by Process, 2022 - 2028, USD Million
  • TABLE 71 Rest of North America Laser Processing Market by Application, 2018 - 2021, USD Million
  • TABLE 72 Rest of North America Laser Processing Market by Application, 2022 - 2028, USD Million
  • TABLE 73 Rest of North America Laser Processing Market by Product, 2018 - 2021, USD Million
  • TABLE 74 Rest of North America Laser Processing Market by Product, 2022 - 2028, USD Million
  • TABLE 75 Key Information - Coherent, Inc.
  • TABLE 76 Key Information - IPG Photonics Corporation
  • TABLE 77 Key Information - Lumentum Holdings, Inc.
  • TABLE 78 Key Information - Jenoptik AG
  • TABLE 79 Key Information - TRUMPF GmbH + Co. KG
  • TABLE 80 Key Information - Han's Laser Technology Industry Group Co., Ltd.
  • TABLE 81 Key Information - Epilog Laser
  • TABLE 82 Key Information - LUMIBIRD
  • TABLE 83 Key Information - LaserStar Technologies Corporation
  • TABLE 84 Key Information - Gravotech Marking

List of Figures

  • FIG 1 Methodology for the research
  • FIG 2 KBV Cardinal Matrix
  • FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
  • FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Feb - 2022, apr) Leading Players
  • FIG 5 Recent strategies and developments: Coherent, Inc.
  • FIG 6 Recent strategies and developments: IPG Photonics Corporation
  • FIG 7 Recent strategies and developments: Jenoptik AG
  • FIG 8 Recent strategies and developments: TRUMPF GmbH + Co. KG