Global Industrial Lasers Systems Market to Reach US$ 40.4 Billion by 2032, Stimulated by the Growing Trend of Automation

August 17, 2023 | Electronics and Semiconductors

According to the latest report by IMARC Group, titled “Industrial Lasers Systems Market Repot by Type (Fiber Laser, Solid State Laser, CO2 Laser, and Others), Application (Cutting, Welding, Marking, Drilling, and Others), End Use Industry (Semiconductor and Electronics, Automotive, Aerospace and Defense, Medical, and Others), and Region 2024-2032,” the global industrial lasers systems market size reached US$ 21.4 Billion in 2023. Industrial laser systems refer to advanced technologies that utilize lasers for various applications in industrial settings. These systems harness lasers focused and intense energy to perform precise and efficient operations in manufacturing, fabrication, and other industrial processes. They are utilized for cutting, welding, marking, engraving, drilling, and surface treatment of metal, plastic, wood, and ceramics. They offer advantages over traditional mechanical methods, including high precision, speed, automation capabilities, and non-contact processing. They enhance productivity, improve quality control, and enable complex manufacturing processes. They find applications in industries such as automotive, aerospace, electronics, medical devices, and jewelry.

Global Industrial Lasers Systems Market Trends:

The industrial lasers systems market is driven by the increasing demand for precise and efficient manufacturing processes across various industries. Industrial lasers offer high levels of accuracy, speed, and versatility, making them indispensable tools in applications such as cutting, welding, marking, engraving, and additive manufacturing. Moreover, the development of fiber lasers, solid-state lasers, and diode lasers is supporting the market as these lasers offer improved performance, increased power output, enhanced energy efficiency, and reduced maintenance requirements compared to traditional laser technologies. Furthermore, the growing trend of automation and digitalization in manufacturing has augmented the demand for industrial laser systems. With the increasing adoption of technologies such as robotics, artificial intelligence, and the Internet of Things (IoT), there is a need for precise and automated laser systems to integrate into these smart manufacturing environments. Besides, the growing focus on sustainability and environmental responsibility has also contributed to the growth of the industrial laser systems market. Looking forward, the market value is projected to reach US$ 40.4 Billion by 2032, expanding at a CAGR of 7.2% during 2024-2032.

Market Summary:

  • Based on the type, the market has been segmented into fiber, solid state, CO2, and other lasers.
  • On the basis of the application, the market has been divided into cutting, welding, marking, drilling, and others.
  • Based on the end use industry, the market has been bifurcated into semiconductor and electronics, automotive, aerospace and defense, medical, and others.
  • Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being ACSYS Lasertechnik US Inc., Amonics Ltd., Coherent Inc., Han's Laser Technology Industry Group Co. Ltd, II-VI Incorporated, IPG Photonics Corporation, Jenoptik Laser GmbH, Lumibird Group, Newport Corporation (MKS Instruments Inc.), NKT Photonics A/S, Toptica Photonics AG and TRUMPF.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ACSYS Lasertechnik US Inc., Amonics Ltd., Coherent Inc., Han's Laser Technology Industry Group Co. Ltd, II-VI Incorporated, IPG Photonics Corporation, Jenoptik Laser GmbH, Lumibird Group, Newport Corporation (MKS Instruments Inc.), NKT Photonics A/S, Toptica Photonics AG and TRUMPF.
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global Industrial Lasers Systems Market to Reach US$ 40.4 Billion by 2032, Stimulated by the Growing Trend of Automation
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