Laser Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Laser Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A4475
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Market Overview:

The global laser processing market size reached US$ 4.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2027, exhibiting a growth rate (CAGR) of 7.58% during 2022-2027.

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 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Process, Product, Application, 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 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global laser processing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global laser processing market?
  • What are the key regional markets?
  • What is the breakup of the market based on the process?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global laser processing market and who are the key players?
  • What is the degree of competition in the industry?

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Laser Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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