Market Overview:

The global industrial lasers systems market reached a value of US$ 18.02 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 29.96 Billion by 2027, exhibiting a CAGR of 8.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Industrial lasers are a single wavelength source of high-energy light. They are mechanical tools that utilize atoms, molecules and stimulated emissions to generate a beam of light with controlled purity, size and shape. The lasers are monochromatic, uni-directional and coherent. Some of the commonly used industrial lasers include fiber, diode, carbon dioxide and solid-state lasers. They consist of a controller, filter, rotary device and galvanometer, along with a gain medium, energy source and mirrors to amplify the protons.  Industrial lasers find extensive application for communication, material processing, cutting, welding, engraving, brazing, marking and lithography.

Industrial Lasers Systems Market Trends:

The increasing adoption of lasers for custom markings and engravings across industries, such as automotive, medical, aerospace, defense and packaging, is among the key factors driving the market growth. This can also be attributed to the escalating demand for automation and high-end processing in the manufacturing applications. Moreover, the widespread adoption of fiber lasers for marking and engraving on semiconductors and other electronics is providing a thrust to the market growth. Fiber lasers offer enhanced output power, optical quality and are available in both continuous and modulated wave modes. They are used for printing permanent alphanumeric details on products, such as brand names, batch numbers, manufacturer codes, bar codes, logos and dates. Additionally, various technological advancements, such as the integration of laser systems in additive manufacturing, are acting as other growth-inducing factors. Industrial lasers are also used for 3D printing of products with enhanced efficiency, customization and minimal waste generation and errors. Other factors, including rapid industrialization, along with the increasing utilization of direct-diode lasers for cutting plastics, ceramics, fiber-reinforced and organic materials, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial lasers systems market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end use industry.

Breakup by Type:

• Fiber Laser
• Solid State Laser
• CO2 Laser
• Others
   

Breakup by Application:

• Cutting
• Welding
• Marking
• Drilling
• Others
   

Breakup by End Use Industry:

• Semiconductor and Electronics
• Automotive
• Aerospace and Defense
• Medical
• Others
   

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 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: