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Laser Processing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global laser processing market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. 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. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2021-2026. 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 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
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$ 2299
Five User License: US$ 3399
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?

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
    9.2    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
    9.3    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
    9.4    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
    9.5    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

List of Figures

Figure 1: Global: Laser Processing Market: Major Drivers and Challenges
Figure 2: Global: Laser Processing Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Laser Processing Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Laser Processing Market: Breakup by Process (in %), 2020
Figure 5: Global: Laser Processing Market: Breakup by Product (in %), 2020
Figure 6: Global: Laser Processing Market: Breakup by Application (in %), 2020
Figure 7: Global: Laser Processing Market: Breakup by Region (in %), 2020
Figure 8: Global: Laser Processing (Material Processing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Laser Processing (Material Processing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Laser Processing (Marking and Engraving) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Laser Processing (Marking and Engraving) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Laser Processing (Micro-Processing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Laser Processing (Micro-Processing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Laser Processing (Gas) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Laser Processing (Gas) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Laser Processing (Solid-State) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Laser Processing (Solid-State) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Laser Processing (Fiber) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Laser Processing (Fiber) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Laser Processing (Other Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Laser Processing (Other Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Laser Processing (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Laser Processing (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Laser Processing (Aerospace) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Laser Processing (Aerospace) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Laser Processing (Machine Tools) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Laser Processing (Machine Tools) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Laser Processing (Electronics and Microelectronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Laser Processing (Electronics and Microelectronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Laser Processing (Medical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Laser Processing (Medical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Laser Processing (Packaging) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Laser Processing (Packaging) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: North America: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: North America: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: United States: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: United States: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Canada: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Canada: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Asia-Pacific: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Asia-Pacific: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: China: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: China: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Japan: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Japan: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: India: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: India: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: South Korea: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: South Korea: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Australia: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Australia: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Indonesia: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Indonesia: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Others: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Others: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Europe: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Europe: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Germany: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Germany: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: France: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: France: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: United Kingdom: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: United Kingdom: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Italy: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Italy: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Spain: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Spain: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Russia: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Russia: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Others: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Others: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Latin America: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Latin America: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Brazil: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Brazil: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Mexico: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Mexico: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Others: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Others: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Middle East and Africa: Laser Processing Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Middle East and Africa: Laser Processing Market: Breakup by Country (in %), 2020
Figure 82: Middle East and Africa: Laser Processing Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Laser Processing Market Forecast: Breakup by Process (in Million US$), 2021-2026
Table 3: Global: Laser Processing Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 4: Global: Laser Processing Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Laser Processing Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Laser Processing Market: Competitive Structure
Table 7: Global: Laser Processing Market: Key Players

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