Laser Processing Market

Report Code SE 2965
Published in Feb, 2024, By MarketsandMarkets™
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Laser Processing Market by Laser Type (Solid Lasers, Liquid Lasers, Gas Lasers), Configuration (Fixed Beam, Moving Beam, Hybrid), Application (Cutting, Welding, Drilling, Marking and Engraving), End-user Industry and Region - Global Forecast to 2029

Overview

The global laser processing market size is estimated to be valued at USD 6.8 billion in 2024 and is anticipated to reach USD 11.0 billion by 2029, at a CAGR of 10.1% during the forecast period. The market growth is ascribed to emerging trends in laser processing, surging demand for laser processing in medical applications, advancement of laser-based techniques compared with conventional material processing methods, and significant transition towards nanodevices and microdevices production.

Attractive Opportunities in the Laser Processing Market

ASIA PACIFIC:

Growth of Asia Pacific is primarily attributed to region’s huge population, increasing R&D investments, and growing manufacturing and electronics sectors.

Surging demand for laser processing in medical applications

The solid laser type is to dominate the market throughout the forecast period

Contracts, acquisitions, agreements, product launches, expansions, and partnerships are expected to offer lucrative growth opportunities for the market players.

The cutting application expected to account for the largest share of the market during the forecast period.

Global Laser Processing Market Dynamics

Driver: Advancement of laser-based techniques compared with conventional material processing methods

Laser-based techniques are superior to conventional material processing methods in terms of precision, efficiency, and versatility. Unlike traditional methods that rely on mechanical tools, lasers can focus on extremely fine details with pinpoint accuracy. This precision minimizes material waste and allows for intricate and complex designs. Moreover, laser technology is non-contact, reducing wear and tear on tools and eliminating the need for direct physical contact with the material. Laser processing is often faster, leading to higher production rates and increased efficiency. Additionally, the heat-affected zone in laser processing is minimal, reducing the risk of thermal damage to the material. This is particularly beneficial for delicate materials or applications where precision is paramount. Lasers are used for cutting, drilling, marking, engraving, welding, etching, and micro-machining. They offer a significantly higher level of accuracy and speed than traditional tools, such as saw machines, drill bits, chemicals, or electricity. For instance, they can achieve extremely high levels of precision, allowing for intricate and detailed material processing, which is particularly beneficial in applications such as engraving, cutting, and micro-machining. In the manufacturing vertical, laser systems are rapidly replacing traditional tools. Laser processing is also used in the creation of sculptures, as well as in the modeling, prototyping, and design of trophies, gift articles, and false walls. Previously, these processes required skilled workers and a significant amount of time to complete a single artwork or product. However, laser processing has made these processes more convenient, precise, and productive, while also reducing the need for skilled workers and lowering the cost of the artwork or product.

Restraint: Lack of trained workforce

The lack of trained personnel is another factor that is restraining the growth of the laser processing market. The laser processing market faces a significant hindrances due to the lack of a trained workforce. The specialized nature of laser systems necessitates skilled professionals who possess expertise in operating, maintaining, and optimizing these advanced technologies. Skilled labor is essential for operating and maintaining laser systems, adding expenses related to hiring and training qualified professionals. However, there is a shortage of individuals with the necessary training and qualifications to effectively manage laser-based processes in various industries. This deficiency in skilled personnel can impede the seamless integration and utilization of laser technology, limiting its potential impact on manufacturing, healthcare, research, and other sectors. For instance, the operation of an excimer laser requires the presence of at least one trained personnel to ensure that the operator is aware of the protocols to be followed during the use of laser systems. The lack of trained staff could damage the materials involved in laser processing and lead to high time consumption.

 

Opportunity: Growing adoption of laser processing in surface treatment and engraving

Laser processing is widely utilized for surface treatment and engraving across various industries, or verticals, due to its precision, versatility, and efficiency. In the automotive sector, laser surface treatment techniques are employed to prepare surfaces for painting, improve adhesion, and enhance functional properties like corrosion resistance and wear resistance. Laser engraving is used for part identification, branding, and customization, providing permanent and high-contrast markings on components such as engine parts, chassis components, and interior trim. In the electronics industry, laser surface treatment is applied for microstructuring and texturing of substrates, improving adhesion and electrical properties in devices such as circuit boards and semiconductor components. Laser engraving is also utilized for marking and cutting precision components like microchips and electronic housings. In the medical field, laser surface treatment techniques are employed to modify the surface properties of implants, enabling better integration with the human body and reducing the risk of rejection. Laser engraving is used for marking medical devices and instruments with essential information for traceability and compliance. In the consumer goods sector, laser surface treatment enhances the aesthetic appeal and functionality of products like appliances, jewelry, and packaging materials, while laser engraving provides customizable designs and branding options. Overall, laser processing in surface treatment and engraving serves a wide range of verticals, contributing to improved product quality, functionality, and customization across diverse industries.

Challenge: Environmental challenges related to the utilization of rare earth elements

The use of rare earth elements (REEs) in laser processing raises environmental concerns due to the potential negative impacts associated with their extraction, processing, and disposal. Rare earth elements, such as neodymium and dysprosium, are essential components in the production of certain types of lasers, particularly in solid-state lasers used in various applications. Mining and processing of REEs are often associated with environmental degradation, habitat disruption, and the release of hazardous substances into ecosystems. Additionally, the extraction and separation processes can lead to soil and water contamination, posing risks to both human health and wildlife. The refining processes use toxic acids, which, if mishandled, may result in severe environmental damage. Also, the use of rare-earth metals poses the risk of supply disruptions in the short term, and supply challenges for these metals may affect the deployment of clean energy technology in the years to come. Furthermore, rare earth mining has been linked to social and human rights issues, as it is concentrated in a few countries with lax environmental regulations.

Global Laser Processing Market Ecosystem Analysis

The fibre lasers segment accounted for the largest share of the laser processing market in 2023. Laser processing involves using lasers for various applications, such as cutting, welding, drilling, marking, engraving, and scribing. The lasers used to carry out these operations include solid, gas, liquid, and other laser types. Solid-state lasers, particularly fiber lasers have become significant players in the laser processing market, holding a substantial market share. Recognized for their high power, energy density, and enhanced reliability, these lasers are extensively applied in cutting, welding, and engraving across diverse materials. Their compact design, efficiency, and adaptability make them suitable for seamless integration into manufacturing processes. Advancements in fiber laser technology, coupled with their versatility in material processing and applications in additive manufacturing and microprocessing, contribute to their prominence.

 

The hybrid configuration segment is to hold the largest market share during the forecast period.

Laser processing requires either of the three types of laser configurations: fixed beam, moving beam, and hybrid configuration. Hybrid configuration in laser processing refers to a setup that combines laser technology with other complementary manufacturing methods, such as milling, drilling, or waterjet cutting, to leverage the strengths of each technique for improved processing efficiency and flexibility. A hybrid system is more efficient than the moving beam system as it provides a constant beam delivery path length and allows a comparatively simpler beam delivery system.

Marking and Engraving application will grow at the highest CAGR during the forecast period.

The market has been segmented by applications, cutting, drilling, welding, marking & engraving, microprocessing, advanced processing, and others. Marking & engraving are the major application areas of lasers at present because this process is maintenance-free, flexible, and precise in nature, which further creates additional market opportunities for lasers. The electronics/semiconductor, medical, aerospace, automotive, consumer products, gifts & trophies, and food & beverage end-user industries generally use lasers for marking & engraving applications.

ASIA PACIFIC region holds the largest share of the Laser Processing Market.

The Asia Pacific region is segmented into China, Japan, South Korea, India, and the Rest of Asia Pacific, representing the largest market for laser processing. Both Japan and India stand out as the world's fastest-growing economies. APAC has been ahead in terms of the adoption of laser processing solutions as compared to other regions. High population density, increasing R&D investments in technology, and growing manufacturing and electronics sectors are expected to drive the growth of the laser processing market in the region. Additionally, the presence of key industry players and the region's status as a manufacturing hub facilitate the production and distribution of laser processing products.

 
 

Recent Developments of Laser Processing Market industry

  • In January 2024, Coherent introduced the OBIS 640 XT, a red laser module that matches the high output power, low noise, beam quality, and compact size of its existing portfolio of blue and green laser modules, which as a complete set enable high-performance SRM systems. In January 2024, Novanta Inc. completed the acquisition of Motion Solutions. This acquisition creates the potential to develop new and unique intelligent subsystems using our combined technology offerings.
  • In November 2023, IPG Photonics collaborated with Miller Electronics Mfg. LLC for their commitment for innovation with quality and reliability The alliance will advance laser technologies for the handheld welding market and reshape the landscape of welding tools to provide welders with powerful, efficient, and precise solutions that meet the demands of modern welding applications. This collaboration will deliver dependable solutions that welders can rely on for their critical tasks.

Key Market Players

KEY PLAYERS IN THE Laser Processing Market INCLUDE

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Scope of the Report

Report Attribute Details
Years Considered 2020–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD million/billion)
Segments Covered Laser Type, Configuration, Application, Industry and Region
Regions covered North America, Asia Pacific, Europe, and Rest of the World
Companies covered Coherent Corp. (US), TRUMPF (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics Corporation (US), Jenoptik AG (Germany),  Lumentum Operation LLC (US), A total of 25 players are covered.

 

Key Questions Addressed by the Report

What will be the global laser processing market size in 2024?
The laser processing market is expected to be valued at USD 6.8 billion in 2024.
Who are the global laser processing market winners?
Companies such as are Coherent Corp., TRUMPF, Han’s Laser Technology Industry Group Co., Ltd, IPG Photonics Corporation, Jenoptik AG fall under the winners’ category.
Which region is expected to hold the highest global laser processing market share?
Asia Pacific will dominate the global laser processing market in 2024.
What are the major drivers of the laser processing market?
Surging demand for laser processing in medical applications, Advancement of laser-based techniques compared with conventional material processing methods, Significant transition towards nanodevices and microdevices production, Rising demand for authentic and top notch products.
What are the major strategies adopted by laser processing companies?
The companies have adopted product launches, acquisitions, expansions, and contracts to strengthen their position in the market.

 

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Table Of Contents

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TITLE
PAGE NO
INTRODUCTION
26
RESEARCH METHODOLOGY
31
EXECUTIVE SUMMARY
43
PREMIUM INSIGHTS
47
MARKET OVERVIEW
50
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Rising adoption of laser technologies in precision medicine and personalized treatments
    - Shifting preference from conventional material processing tools to laser-based techniques
    - Growing reliance on laser technology for manufacturing nano and micro devices
    - Increasing use of lasers in marking and coding processes
    RESTRAINTS
    - High R&D and upfront costs
    - Shortage of skilled workforce
    OPPORTUNITIES
    - Growing adoption of laser technologies in automobile sector
    - Increasing focus of consumer goods manufacturers on design innovation, customization, and functional enhancements
    - Rising use of lasers in scientific research
    CHALLENGES
    - Environmental challenges related to use of rare-earth elements in laser processing
    - Technical issues associated with high-power lasers
  • 5.3 SUPPLY CHAIN ANALYSIS
    RAW MATERIAL SUPPLIERS
    MANUFACTURERS
    DISTRIBUTORS
    END USERS
    AFTER-SALES SERVICE PROVIDERS
  • 5.4 ECOSYSTEM ANALYSIS
  • 5.5 INVESTMENT AND FUNDING SCENARIO
  • 5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • 5.7 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGY
    - Machine learning & artificial intelligence
    - Additive manufacturing
    COMPLEMENTARY TECHNOLOGY
    - LiDAR
    ADJACENT TECHNOLOGY
    - Fiber optics
  • 5.8 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 CASE STUDY ANALYSIS
    PLANO PLASTICS USES XL-3200 LASER MACHINE TO ENABLE ECONOMICAL ACRYLIC PROCESSING
    SHIM SHACK ADOPTS LASERCUBE TO REDUCE TURNAROUND TIME AND INVENTORY COSTS OF METAL FABRICATION
    PAPER SUSHI ADOPTS EPILOG LASER’S LASER CUTTING AND ENGRAVING MACHINE TO EXPAND PRODUCT LINES
  • 5.10 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.11 PRICING ANALYSIS
    AVERAGE SELLING PRICE OF FIBER LASERS
    AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE
    AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION
  • 5.12 PATENT ANALYSIS
  • 5.13 KEY CONFERENCES AND EVENTS, 2024–2025
  • 5.14 REGULATORY LANDSCAPE AND STANDARDS
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    STANDARDS
    - IEC 60825-1:2014
    - ANSI Z136.1
    - Federal Laser Product Performance Standard (FLPPS)
    - International Commission on Non-ionizing Radiation Protection (ICNIRP) (2013)
    - EN 60825 – Safety of laser products
  • 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
RECENT TRENDS AND DEVELOPMENTS IN LASER PROCESSING
84
  • 6.1 INTRODUCTION
  • 6.2 INCREASING APPLICATION OF FEMTOSECOND LASERS
  • 6.3 SURGING R&D INVESTMENT IN GREEN & ULTRAFAST LASERS
  • 6.4 INCREASING RELIANCE ON LASER SURFACE TEXTURING PROCESS TO ENHANCE MATERIAL PROPERTIES
  • 6.5 RISING POPULARITY OF LASER CLEANING MACHINES AS ENVIRONMENT-FRIENDLY ALTERNATIVE TO TRADITIONAL COATING REMOVAL SYSTEMS
  • 6.6 RAPID ADVANCEMENTS IN LASER SAFETY TECHNOLOGIES
  • 6.7 RISING INTEGRATION OF SMART MANUFACTURING AND INDUSTRY 4.0 TECHNOLOGIES INTO LASER PROCESSING
LASER PROCESSING COMPONENTS
86
  • 7.1 INTRODUCTION
  • 7.2 LASERS
  • 7.3 LASER SYSTEMS
LASER PROCESSING MARKET, BY LASER TYPE
88
  • 8.1 INTRODUCTION
  • 8.2 SOLID LASERS
    FIBER LASERS
    - High power and excellent beam quality of fiber lasers to contribute to market growth
    RUBY LASERS
    - Utilization of ruby lasers in cosmetic and medical procedures to fuel segmental growth
    YAG LASERS
    - Adoption of YAG lasers in metal welding applications to accelerate segmental growth
    SEMICONDUCTOR LASERS
    - Precise control and minimal heat input attributes to boost adoption of semiconductor lasers
    THIN-DISK LASERS
    - Use of thin-disk lasers in additive manufacturing to contribute to segmental growth
  • 8.3 GAS LASERS
    CO2 LASERS
    - Ability of CO2 lasers to enable precise and high-speed material cutting with minimal thermal damage to drive market
    EXCIMER LASERS
    - Implementation of excimer lasers in advanced manufacturing to facilitate segmental growth
    HELIUM–NEON LASERS
    - Stable output and well-defined beam characteristics to augment demand for helium–neon lasers
    ARGON LASERS
    - Adoption of argon lasers in photocoagulation surgery to contribute to segmental growth
    CHEMICAL LASERS
    - Use of chemical lasers in precision machining applications to expedite segmental growth
  • 8.4 LIQUID LASERS
    DEPLOYMENT OF LIQUID LASERS IN REMOTE SENSING AND MAPPING APPLICATIONS TO DRIVE MARKET
  • 8.5 OTHER LASER TYPES
LASER PROCESSING MARKET, BY CONFIGURATION
104
  • 9.1 INTRODUCTION
  • 9.2 FIXED BEAM
    GREATER FLEXIBILITY AND STABILITY OF FIXED BEAM CONFIGURATION TO BOOST MARKET GROWTH
  • 9.3 MOVING BEAM
    REQUIREMENT FOR RAPID AND PRECISE LASER BEAM MOVEMENTS TO FOSTER SEGMENTAL GROWTH
  • 9.4 HYBRID
    NEED FOR ENHANCED EFFICIENCY AND FLEXIBILITY OF LASER PROCESSING TO EXPEDITE SEGMENTAL GROWTH
  • 9.5 CONFIGURATIONS FOR LASER CUTTING AND ENGRAVING
    RASTER MODE
    VECTOR MODE
LASER PROCESSING MARKET, BY APPLICATION
112
  • 10.1 INTRODUCTION
  • 10.2 CUTTING
    USE OF LASER TECHNOLOGY IN METAL AND NON-METAL MATERIAL CUTTING APPLICATIONS TO DRIVE MARKET
    FUSION CUTTING
    FLAME CUTTING
    SUBLIMATION CUTTING
  • 10.3 WELDING
    RELIANCE ON LASER WELDING PROCESS TO ASSEMBLE COMPLEX AUTOMOTIVE COMPONENTS TO FOSTER SEGMENTAL GROWTH
  • 10.4 DRILLING
    USE OF LASER DRILLING SYSTEMS TO CREATE INTRICATE COOLING HOLES IN TURBINE BLADES TO EXPEDITE SEGMENTAL GROWTH
    SINGLE-PULSE DRILLING
    PERCUSSION DRILLING
    TREPANNING DRILLING
    HELICAL DRILLING
  • 10.5 MARKING & ENGRAVING
    ADOPTION OF LASER BEAMS TO CREATE HIGH-CONTRAST MARKS AND PROMINENT DESIGNS TO BOOST SEGMENTAL GROWTH
    DIRECT LASER ENGRAVING
    SUBSURFACE LASER ENGRAVING
    DIRECT PHOTOPOLYMER LASER IMAGING
  • 10.6 ADVANCED PROCESSING
    IMPLEMENTATION OF LASER BEAMS TO CREATE COMPLEX STRUCTURES WITH NANOSCALE ACCURACY TO FUEL SEGMENTAL GROWTH
  • 10.7 OTHER APPLICATIONS
LASER PROCESSING MARKET, BY END-USER INDUSTRY
126
  • 11.1 INTRODUCTION
  • 11.2 MACHINE TOOLS
    USE OF LASERS FOR HIGH-SPEED PROCESSING AND SMOOTH CUTTING OF MACHINE TOOLS TO ACCELERATE SEGMENTAL GROWTH
  • 11.3 MICROELECTRONICS
    ADOPTION OF LASER BEAMS TO ENGRAVE PCBS AND OTHER ELECTRONIC COMPONENTS TO PROPEL MARKET
    FLAT-PANEL DISPLAY
    ADVANCED PACKAGING & INTERCONNECTS
    MICROMACHINING
    SEMICONDUCTOR MANUFACTURING
  • 11.4 AUTOMOTIVE
    RELIANCE ON LASERS TO CREATE DURABLE WELDS IN AUTOMOBILE BODY PANELS TO FUEL SEGMENTAL GROWTH
  • 11.5 MEDICAL & LIFE SCIENCES
    DEPLOYMENT OF LASER PROCESSING TECHNOLOGIES IN TISSUE ABLATION AND OTHER MINIMALLY INVASIVE SURGERIES TO DRIVE MARKET
    LASER VISION CORRECTION
    CONFOCAL MICROSCOPES
    OPTOGENETICS
    OTHER MEDICAL & LIFE SCIENCES APPLICATIONS
  • 11.6 AEROSPACE
    UTILIZATION OF LASERS IN AIRCRAFT PART MACHINING TO CONTRIBUTE TO SEGMENTAL GROWTH
  • 11.7 ARCHITECTURE
    IMPLEMENTATION OF LASER SCANNING SYSTEMS TO CREATE 3D MODELS OF BUILDING STRUCTURES TO FOSTER SEGMENTAL GROWTH
  • 11.8 OTHER END-USER INDUSTRIES
LASER PROCESSING MARKET, BY REGION
142
  • 12.1 INTRODUCTION
  • 12.2 NORTH AMERICA
    RECESSION IMPACT ON LASER PROCESSING MARKET IN NORTH AMERICA
    US
    - Deployment of laser technologies in advanced manufacturing to facilitate product differentiation to boost market growth
    CANADA
    - Government support for development and commercialization of electric vehicles to accelerate market growth
    MEXICO
    - Increased demand for efficient manufacturing and communication technologies to contribute to market growth
  • 12.3 EUROPE
    RECESSION IMPACT ON LASER PROCESSING MARKET IN EUROPE
    GERMANY
    - Rising adoption of automated manufacturing systems to facilitate market growth
    FRANCE
    - Increasing use of laser markers by aircraft component manufacturers to fuel segmental growth
    UK
    - Growing reliance on laser technologies for serial number engraving and other quality control applications to propel market
    REST OF EUROPE
  • 12.4 ASIA PACIFIC
    RECESSION IMPACT ON LASER PROCESSING MARKET IN ASIA PACIFIC
    CHINA
    - Strong presence of wafer foundries to accelerate market growth
    JAPAN
    - Rising demand for electric and hybrid cars to foster market growth
    SOUTH KOREA
    - Thriving consumer electronics and automotive industries to contribute to market growth
    INDIA
    - Government-led initiatives encouraging domestic manufacturing to fuel market growth
    REST OF ASIA PACIFIC
  • 12.5 ROW
    RECESSION IMPACT ON LASER PROCESSING MARKET IN ROW
    SOUTH AMERICA
    - Increasing use of laser technologies for material processing to expedite market growth
    GCC COUNTRIES
    - Surging demand for electric vehicles to accelerate market growth
    AFRICA & REST OF MIDDLE EAST
    - Rising deployment of advanced manufacturing technologies to boost market growth
COMPETITIVE LANDSCAPE
163
  • 13.1 INTRODUCTION
  • 13.2 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024
  • 13.3 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
  • 13.4 MARKET SHARE ANALYSIS, 2023
  • 13.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 13.6 BRAND/PRODUCT COMPARISON
  • 13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Overall footprint
    - Laser type footprint
    - Application footprint
    - End-user industry footprint
    - Region footprint
  • 13.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023
    - List of key start-ups/SMEs
    - Competitive benchmarking of key start-ups/SMEs
  • 13.9 COMPETITIVE SITUATIONS AND TRENDS
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
183
  • 14.1 KEY PLAYERS
    COHERENT CORP.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    TRUMPF
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IPG PHOTONICS CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    JENOPTIK AG
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    LUMENTUM OPERATIONS LLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    GRAVOTECH MARKING
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    LASERSTAR TECHNOLOGIES CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    LUMIBIRD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EPILOG LASER
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MKS INSTRUMENTS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    NOVANTA INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EUROLASER GMBH
    - Business overview
    - Products/Solutions/Services offered
    600 GROUP PLC
    - Business overview
    - Products/Solutions/Services offered
    BYSTRONIC GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 14.2 OTHER PLAYERS
    ALPHALAS GMBH
    APPLIED LASER TECHNOLOGY, INC.
    ARIMA LASERS CORP.
    FOCUSLIGHT TECHNOLOGIES INC.
    INNO LASER TECHNOLOGY CO., LTD.
    NKT PHOTONICS A/S
    PHOTONICS INDUSTRIES INTERNATIONAL. INC.
    SFX STORE
    TOPTICA PHOTONICS AG
    VESCENT
ADJACENT MARKET
240
  • 15.1 INTRODUCTION
  • 15.2 FIBER OPTICS MARKET
    GLASS
    - Use of glass fiber optics to deliver high performance in extreme conditions to boost segmental growth
    PLASTIC
    - Adoption of plastic fiber optics in industrial and automotive lighting applications to drive market
APPENDIX
247
  • 16.1 INSIGHTS FROM INDUSTRY EXPERTS
  • 16.2 DISCUSSION GUIDE
  • 16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 16.4 CUSTOMIZATION OPTIONS
  • 16.5 RELATED REPORTS
  • 16.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 LASER PROCESSING MARKET: PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON LASER PROCESSING MARKET
  • TABLE 2 ROLE OF COMPANIES IN LASER PROCESSING ECOSYSTEM
  • TABLE 3 LASER PROCESSING MARKET: PORTER’S FIVE FORCES ANALYSIS
  • TABLE 4 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE (USD)
  • TABLE 5 LASER PROCESSING MARKET: LIST OF MAJOR PATENTS, 2021–2024
  • TABLE 6 LASER PROCESSING MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025
  • TABLE 7 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 8 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 10 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES (%)
  • TABLE 12 KEY BUYING CRITERIA FOR TOP THREE END-USER INDUSTRIES
  • TABLE 13 LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
  • TABLE 14 LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
  • TABLE 15 SOLID LASERS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 16 SOLID LASERS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 17 SOLID LASERS: LASER PROCESSING MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 18 SOLID LASERS: LASER PROCESSING MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 19 FIBER LASERS: LASER PROCESSING MARKET, 2020–2023 (THOUSAND UNITS)
  • TABLE 20 FIBER LASERS: LASER PROCESSING MARKET, 2024–2029 (THOUSAND UNITS)
  • TABLE 21 GAS LASERS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 22 GAS LASERS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 23 GAS LASERS: LASER PROCESSING MARKET, BY TYPE, 2020–2023 (USD MILLION)
  • TABLE 24 GAS LASERS: LASER PROCESSING MARKET, BY TYPE, 2024–2029 (USD MILLION)
  • TABLE 25 LIQUID LASERS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 26 LIQUID LASERS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 27 OTHER LASER TYPES: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 28 OTHER LASER TYPES: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 29 LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
  • TABLE 30 LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
  • TABLE 31 FIXED BEAM: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 32 FIXED BEAM: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 33 MOVING BEAM: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 34 MOVING BEAM: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 35 HYBRID: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 36 HYBRID: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 37 COMPARISON OF LASER PROCESSING CONFIGURATIONS
  • TABLE 38 COMPARISON OF RASTER AND VECTOR MODES
  • TABLE 39 LASER PROCESSING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 40 LASER PROCESSING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 41 CUTTING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 42 CUTTING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 43 WELDING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 44 WELDING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 45 DRILLING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 46 DRILLING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 47 MARKING & ENGRAVING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 48 MARKING & ENGRAVING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 49 ADVANCED PROCESSING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 50 ADVANCED PROCESSING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 51 OTHER APPLICATIONS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 52 OTHER APPLICATIONS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 53 LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 54 LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 55 MACHINE TOOLS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 56 MACHINE TOOLS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 57 MICROELECTRONICS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 58 MICROELECTRONICS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 59 AUTOMOTIVE: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 60 AUTOMOTIVE: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 61 MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 62 MEDICAL & LIFE SCIENCES: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 63 AEROSPACE: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 64 AEROSPACE: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 65 ARCHITECTURE: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 66 ARCHITECTURE: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 67 OTHER END-USER INDUSTRIES: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 68 OTHER END-USER INDUSTRIES: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 69 LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 70 LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 71 NORTH AMERICA: LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
  • TABLE 72 NORTH AMERICA: LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
  • TABLE 73 NORTH AMERICA: LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
  • TABLE 74 NORTH AMERICA: LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
  • TABLE 75 NORTH AMERICA: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 76 NORTH AMERICA: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 77 NORTH AMERICA: LASER PROCESSING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 78 NORTH AMERICA: LASER PROCESSING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 79 EUROPE: LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
  • TABLE 80 EUROPE: LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
  • TABLE 81 EUROPE: LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
  • TABLE 82 EUROPE: LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
  • TABLE 83 EUROPE: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 84 EUROPE: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 85 EUROPE: LASER PROCESSING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 86 EUROPE: LASER PROCESSING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 87 ASIA PACIFIC: LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
  • TABLE 88 ASIA PACIFIC: LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
  • TABLE 89 ASIA PACIFIC: LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
  • TABLE 90 ASIA PACIFIC: LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
  • TABLE 91 ASIA PACIFIC: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 92 ASIA PACIFIC: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 93 ASIA PACIFIC: LASER PROCESSING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
  • TABLE 94 ASIA PACIFIC: LASER PROCESSING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
  • TABLE 95 ROW: LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
  • TABLE 96 ROW: LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
  • TABLE 97 ROW: LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
  • TABLE 98 ROW: LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
  • TABLE 99 ROW: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 100 ROW: LASER PROCESSING MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 101 ROW: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
  • TABLE 102 ROW: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
  • TABLE 103 LASER PROCESSING MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024
  • TABLE 104 LASER PROCESSING MARKET: MARKET SHARE ANALYSIS, 2023
  • TABLE 105 LASER PROCESSING MARKET: LASER TYPE FOOTPRINT
  • TABLE 106 LASER PROCESSING MARKET: APPLICATION FOOTPRINT
  • TABLE 107 LASER PROCESSING MARKET: END-USER INDUSTRY FOOTPRINT
  • TABLE 108 LASER PROCESSING MARKET: REGION FOOTPRINT
  • TABLE 109 LASER PROCESSING MARKET: LIST OF KEY START-UPS/SMES
  • TABLE 110 LASER PROCESSING MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
  • TABLE 111 LASER PROCESSING MARKET: PRODUCT LAUNCHES, SEPTEMBER 2021–JANUARY 2024
  • TABLE 112 LASER PROCESSING MARKET: DEALS, FEBRUARY 2021–NOVEMBER 2023
  • TABLE 113 COHERENT CORP.: COMPANY OVERVIEW
  • TABLE 114 COHERENT CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 115 COHERENT CORP.: PRODUCT LAUNCHES
  • TABLE 116 TRUMPF: COMPANY OVERVIEW
  • TABLE 117 TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 118 TRUMPF: PRODUCT LAUNCHES
  • TABLE 119 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY OVERVIEW
  • TABLE 120 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 121 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: PRODUCT LAUNCHES
  • TABLE 122 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: DEALS
  • TABLE 123 IPG PHOTONICS CORPORATION: COMPANY OVERVIEW
  • TABLE 124 IPG PHOTONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 125 IPG PHOTONICS CORPORATION: PRODUCT LAUNCHES
  • TABLE 126 IPG PHOTONICS CORPORATION: DEALS
  • TABLE 127 JENOPTIK AG: COMPANY OVERVIEW
  • TABLE 128 JENOPTIK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 129 JENOPTIK AG: PRODUCT LAUNCHES
  • TABLE 130 JENOPTIK AG: DEALS
  • TABLE 131 JENOPTIK AG: EXPANSIONS
  • TABLE 132 LUMENTUM OPERATION LLC: COMPANY OVERVIEW
  • TABLE 133 LUMENTUM OPERATION LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 134 LUMENTUM OPERATION LLC: PRODUCT LAUNCHES
  • TABLE 135 LUMENTUM OPERATION LLC: DEALS
  • TABLE 136 LUMENTUM OPERATION LLC: EXPANSIONS
  • TABLE 137 GRAVOTECH MARKING: COMPANY OVERVIEW
  • TABLE 138 GRAVOTECH MARKING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 139 GRAVOTECH MARKING: PRODUCT LAUNCHES
  • TABLE 140 LASERSTAR TECHNOLOGIES CORPORATION: COMPANY OVERVIEW
  • TABLE 141 LASERSTAR TECHNOLOGIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 142 LUMIBIRD: COMPANY OVERVIEW
  • TABLE 143 LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 144 LUMIBIRD: PRODUCT LAUNCHES
  • TABLE 145 LUMIBIRD: DEALS
  • TABLE 146 EPILOG LASER: COMPANY OVERVIEW
  • TABLE 147 EPILOG LASER: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 148 EPILOG LASER: PRODUCT LAUNCHES
  • TABLE 149 EPILOG LASER: EXPANSIONS
  • TABLE 150 MKS INSTRUMENTS: COMPANY OVERVIEW
  • TABLE 151 MKS INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 152 MKS INSTRUMENTS: PRODUCT LAUNCHES
  • TABLE 153 MKS INSTRUMENTS: DEALS
  • TABLE 154 NOVANTA INC.: COMPANY OVERVIEW
  • TABLE 155 NOVANTA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 156 NOVANTA INC.: PRODUCT LAUNCHES
  • TABLE 157 NOVANTA INC.: DEALS
  • TABLE 158 EUROLASER GMBH: COMPANY OVERVIEW
  • TABLE 159 EUROLASER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 160 600 GROUP PLC: COMPANY OVERVIEW
  • TABLE 161 600 GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 162 BYSTRONIC GROUP: COMPANY OVERVIEW
  • TABLE 163 BYSTRONIC GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 164 BYSTRONIC GROUP: PRODUCT LAUNCHES
  • TABLE 165 ALPHALAS GMBH: COMPANY OVERVIEW
  • TABLE 166 APPLIED LASER TECHNOLOGY, INC.: COMPANY OVERVIEW
  • TABLE 167 ARIMA LASERS CORP.: COMPANY OVERVIEW
  • TABLE 168 FOCUSLIGHT TECHNOLOGIES INC: COMPANY OVERVIEW
  • TABLE 169 INNO LASER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
  • TABLE 170 NKT PHOTONICS A/S: COMPANY OVERVIEW
  • TABLE 171 PHOTONICS INDUSTRIES INTERNATIONAL. INC.: COMPANY OVERVIEW
  • TABLE 172 SFX STORE: COMPANY OVERVIEW
  • TABLE 173 TOPTICA PHOTONICS AG: COMPANY OVERVIEW
  • TABLE 174 VESCENT: COMPANY OVERVIEW
  • TABLE 175 FIBER OPTICS MARKET, BY FIBER TYPE, 2018–2021 (USD MILLION)
  • TABLE 176 FIBER OPTICS MARKET, BY FIBER TYPE, 2022–2027 (USD MILLION)
  • TABLE 177 FIBER OPTICS MARKET, BY FIBER TYPE, 2018–2021 (MILLION FIBER KILOMETER)
  • TABLE 178 FIBER OPTICS MARKET, BY FIBER TYPE, 2022–2027 (MILLION FIBER KILOMETER)
  • TABLE 179 GLASS: FIBER OPTICS MARKET, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 180 GLASS: FIBER OPTICS MARKET, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 181 GLASS: FIBER OPTICS MARKET, BY REGION, 2018–2021 (MILLION FIBER KILOMETER)
  • TABLE 182 GLASS: FIBER OPTICS MARKET, BY REGION, 2022–2027 (MILLION FIBER KILOMETER)
  • TABLE 183 PLASTIC: FIBER OPTICS MARKET, BY REGION, 2018–2021 (USD MILLION)
  • TABLE 184 PLASTIC: FIBER OPTICS MARKET, BY REGION, 2022–2027 (USD MILLION)
  • TABLE 185 PLASTIC: FIBER OPTICS MARKET, BY REGION, 2018–2021 (MILLION FIBER KILOMETER)
  • TABLE 186 PLASTIC: FIBER OPTICS MARKET, BY REGION, 2022–2027 (MILLION FIBER KILOMETER)
LIST OF FIGURES
 
  • FIGURE 1 LASER PROCESSING MARKET SEGMENTATION
  • FIGURE 2 LASER PROCESSING MARKET: RESEARCH DESIGN
  • FIGURE 3 LASER PROCESSING MARKET: BOTTOM-UP APPROACH
  • FIGURE 4 LASER PROCESSING MARKET: TOP-DOWN APPROACH
  • FIGURE 5 LASER PROCESSING MARKET SIZE ESTIMATION METHODOLOGY
  • FIGURE 6 LASER PROCESSING MARKET: DATA TRIANGULATION
  • FIGURE 7 LASER PROCESSING MARKET: RESEARCH ASSUMPTIONS
  • FIGURE 8 LASER PROCESSING MARKET: RISK ASSESSMENT
  • FIGURE 9 GLOBAL LASER PROCESSING MARKET, 2020–2029 (USD MILLION)
  • FIGURE 10 SOLID LASERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 11 HYBRID SEGMENT HELD LARGEST SHARE OF LASER PROCESSING MARKET, BY CONFIGURATION, IN 2023
  • FIGURE 12 MACHINE TOOLS ACCOUNTED FOR LARGEST MARKET SHARE, BY END-USER INDUSTRY, IN 2023
  • FIGURE 13 NORTH AMERICA TO EXHIBIT HIGHEST CAGR IN LASER PROCESSING MARKET FROM 2024 TO 2029
  • FIGURE 14 ADOPTION OF LASER PROCESSING TECHNOLOGIES TO PROMOTE INDUSTRIAL AUTOMATION TO FOSTER MARKET GROWTH
  • FIGURE 15 SOLID LASERS HELD LARGEST SHARE OF LASER PROCESSING MARKET IN 2023
  • FIGURE 16 CUTTING APPLICATION TO DOMINATE LASER PROCESSING MARKET DURING FORECAST PERIOD
  • FIGURE 17 MACHINE TOOLS INDUSTRY TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
  • FIGURE 18 US TO EXHIBIT HIGHEST CAGR IN LASER PROCESSING MARKET DURING FORECAST PERIOD
  • FIGURE 19 LASER PROCESSING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 20 GLOBAL SEMICONDUCTOR SILICON MATERIAL SALES (MILLION SQUARE INCH), 2020–2022
  • FIGURE 21 IMPACT ANALYSIS: DRIVERS
  • FIGURE 22 IMPACT ANALYSIS: RESTRAINTS
  • FIGURE 23 GLOBAL AUTOMOTIVE SALES, BY VEHICLE TYPE, 2019–2022 (MILLION UNITS)
  • FIGURE 24 IMPACT ANALYSIS: OPPORTUNITIES
  • FIGURE 25 IMPACT ANALYSIS: CHALLENGES
  • FIGURE 26 LASER PROCESSING MARKET: SUPPLY CHAIN ANALYSIS
  • FIGURE 27 LASER PROCESSING MARKET ECOSYSTEM
  • FIGURE 28 INVESTMENT AND FUNDING SCENARIO, 2023
  • FIGURE 29 LASER PROCESSING MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
  • FIGURE 30 LASER PROCESSING MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 31 IMPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
  • FIGURE 32 EXPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
  • FIGURE 33 AVERAGE SELLING PRICE OF FIBER LASERS, 2020–2029 (USD)
  • FIGURE 34 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE
  • FIGURE 35 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION, 2021–2023 (USD)
  • FIGURE 36 PATENTS APPLIED AND GRANTED, 2024–2023
  • FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES
  • FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE END-USER INDUSTRIES
  • FIGURE 39 LASER PROCESSING COMPONENTS
  • FIGURE 40 LASER PROCESSING MARKET, BY LASER TYPE
  • FIGURE 41 SOLID LASERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 42 FIBER LASERS TO DOMINATE MARKET FOR SOLID LASER MARKET, BY TYPE, FROM 2024 TO 2029
  • FIGURE 43 LASER PROCESSING MARKET, BY CONFIGURATION
  • FIGURE 44 MOVING BEAM CONFIGURATION TO EXHIBIT HIGHEST CAGR BETWEEN 2024 AND 2029
  • FIGURE 45 ASIA PACIFIC TO HOLD LARGEST SHARE OF MARKET FOR MOVING BEAM CONFIGURATION IN 2029
  • FIGURE 46 LASER PROCESSING MARKET, BY APPLICATION
  • FIGURE 47 CUTTING APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
  • FIGURE 48 ASIA PACIFIC TO RECORD HIGHEST CAGR IN MARKET FOR MARKING & ENGRAVING APPLICATION DURING FORECAST PERIOD
  • FIGURE 49 LASER PROCESSING MARKET, BY END-USER INDUSTRY
  • FIGURE 50 AEROSPACE INDUSTRY TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 51 ASIA PACIFIC TO DOMINATE MARKET FOR MICROELECTRONICS FROM 2024 TO 2029
  • FIGURE 52 MEDICAL & LIFE SCIENCES TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC LASER PROCESSING MARKET IN 2029
  • FIGURE 53 ARCHITECTURE INDUSTRY TO REGISTER HIGHEST CAGR IN NORTH AMERICAN LASER PROCESSING MARKET DURING FORECAST PERIOD
  • FIGURE 54 US TO RECORD HIGHEST CAGR IN LASER PROCESSING MARKET DURING FORECAST PERIOD
  • FIGURE 55 NORTH AMERICA: LASER PROCESSING MARKET SNAPSHOT
  • FIGURE 56 EUROPE: LASER PROCESSING MARKET SNAPSHOT
  • FIGURE 57 ASIA PACIFIC: LASER PROCESSING MARKET SNAPSHOT
  • FIGURE 58 LASER PROCESSING MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
  • FIGURE 59 LASER PROCESSING MARKET: MARKET SHARE ANALYSIS, 2023
  • FIGURE 60 LASER PROCESSING MARKET: COMPANY VALUATION
  • FIGURE 61 LASER PROCESSING MARKET: FINANCIAL METRICS
  • FIGURE 62 LASER PROCESSING MARKET: COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
  • FIGURE 63 LASER PROCESSING MARKET: OVERALL COMPANY FOOTPRINT
  • FIGURE 64 LASER PROCESSING MARKET: COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
  • FIGURE 65 COHERENT CORP.: COMPANY SNAPSHOT
  • FIGURE 66 TRUMPF: COMPANY SNAPSHOT
  • FIGURE 67 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY SNAPSHOT
  • FIGURE 68 IPG PHOTONICS CORPORATION: COMPANY SNAPSHOT
  • FIGURE 69 JENOPTIK AG: COMPANY SNAPSHOT
  • FIGURE 70 LUMENTUM OPERATION LLC: COMPANY SNAPSHOT
  • FIGURE 71 LUMIBIRD: COMPANY SNAPSHOT
  • FIGURE 72 MKS INSTRUMENTS: COMPANY SNAPSHOT
  • FIGURE 73 NOVANTA INC.: COMPANY SNAPSHOT
  • FIGURE 74 600 GROUP PLC: COMPANY SNAPSHOT
  • FIGURE 75 BYSTRONIC GROUP: COMPANY SNAPSHOT
  • FIGURE 76 GLASS FIBER TYPE TO DOMINATE FIBER OPTICS MARKET DURING FORECAST PERIOD
  • FIGURE 77 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN GLASS FIBER OPTICS MARKET DURING FORECAST PERIOD
  • FIGURE 78 ASIA PACIFIC TO DOMINATE PLASTIC FIBER OPTICS MARKET DURING FORECAST PERIOD

The study involves four major activities that estimate the size of the laser processing market. Exhaustive secondary research was conducted to collect information related to the market. Following this was validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the laser processing market. Subsequently, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.

Secondary Research  

Secondary sources in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data were collected and analyzed to estimate the overall market size, further validated by primary research. The relevant data is collected from various secondary sources, it is analyzed to extract insights and information relevant to the market research objectives. This analysis has involved summarizing the data, identifying trends, and drawing conclusions based on the available information.

Primary Research

In the primary research process, numerous sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information about this report. The primary sources from the supply side included various industry experts such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from wireless charging providers, (Coherent Corp., TRUMPF, Han’s Laser Technology Industry Group Co., Ltd, IPG Photonics Corporation, Jenoptik AG) research organizations, distributors, professional and managed service providers, industry associations, and key opinion leaders. Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. These data were collected mainly through questionnaires, emails, and telephonic interviews, accounting for 80% of the primary interviews.

Laser Processing Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the wireless charging market and other dependent submarkets listed in this report.

  • The key players in the industry and markets were identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Market Size Estimation Methodology-Bottom-up Approach

Laser Processing Market Size, and Bottom-up Approach

Market Size Estimation Methodology-Top-Down Approach

Laser Processing Market Size, and Top-Down Approach

Data Triangulation

After estimating the overall market size, the total market was split into several segments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and gauge exact statistics for all segments. The data were triangulated by studying various factors and trends from both the demand and supply sides. The market was also validated using both top-down and bottom-up approaches.

Market Definition

Laser (light amplification by stimulated emission of radiation) is a device that is capable of emitting light through a process of optical amplification based on the stimulated emission of electromagnetic radiation. Laser processing involves the use of lasers to cut, weld, or grind materials across various end-user industries. It works by directing a high-power laser output, usually through optics. Lasers are now being used across a wide range of end-user industries, such as automobile, aerospace, microelectronics, medical & life sciences, architecture, and machine tools.

Stakeholders

  • Microelectronics manufacturers
  • Aerospace companies
  • Medical & life sciences companies
  • Automotive companies
  • Architecture firms
  • Machine tool manufacturers
  • Lasers and systems manufacturers
  • Laser processing solution providers
  • Engineering and manufacturing companies
  • Technology providers

The main objectives of this study are as follows:

  • To define, describe, and estimate the size of the global laser processing market, in terms of value, segmented based on laser type, configuration, application, industry, and region
  • To forecast the market size for various segments with respect to four main regions—North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
  • To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To profile the key market players, and comprehensively analyze their market share and core competencies
  • To analyze competitive developments, such as partnerships, expansions, acquisitions, product launches, and research & development (R&D) activities, in the laser processing market
  • To provide the leadership mapping based on company product footprint and market share
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Country-wise Information:

  • Analysis for additional countries (up to five)

Company Information:

  • Detailed analysis and profiling of different market players (up to five)

Previous Versions of this Report

Laser Processing Market with COVID-19 Impact analysis by Laser Type (Solid Lasers, Liquid Lasers, Gas Lasers), Configuration (Fixed Beam, Moving Beam, Hybrid), Revenue (System Revenue, Laser Revenue), Application, End-user Industry, and Region - Global Forecast to 2025

Report Code SE 2965
Published in Jun, 2020, By MarketsandMarkets™

Laser Processing Market by Type (Solid, Liquid, Gas, & Others), Application (Cutting, Welding, Drilling, Marking & Engraving, & Others), Vertical (Machine Tools, Microelectronics, Medical, Automotive, & Others) & Geography - Global Forecasts to 2022

Report Code SE 2965
Published in Mar, 2016, By MarketsandMarkets™

Laser Processing Market by Application (Cutting, Drilling, Marking), Laser type (Gas, Solid, Fiber Laser), Machine Configuration (Moving, Fixed beam), Vertical (Machine Tooling, Automotive), Geography - Global Forecast to 2020

Report Code SE 2965
Published in Dec, 2014, By MarketsandMarkets™

Laser Processing Market by Application (Cutting, Drilling, Marking), Laser type (Gas, Solid, Fiber Laser), Machine Configuration (Moving, Fixed beam), Vertical (Machine Tooling, Automotive), Geography - Global Forecast to 2020

Report Code SE 2965
Published in Apr, 2013, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Laser Processing Market

Kevin

Apr, 2015

How dot peen marking affect adoption of laser for marketing and engraving application?.

Sébastien

Jan, 2019

Dear Sir/Madam, I am working on a project involving femtosecond pulsed lasers for my master's thesis. The project focuses on laser microprocessing of silicon. Thus I would be really interested by having any information on the laser microprocessing market of silicon or the market of silicon in general. Unfortunately we don't have enough funding now to purchase your book without being sure we can find what we are looking for. This is why I am requesting a free sample report. .

Georg

Mar, 2014

Dear Market research Team, Before buying I would like to have a summary of the study..

Chiara

Jun, 2013

Hi, I am interested in evaluate the US laser processing market and their applications that best fit the using of small-medium Fiber laser machines, which have an high precision and can work for small/medium metal pieces. .

Mark

Sep, 2014

Currently selling Nitrogen Gas generators throughout Eastern Europe and CIS and would be interested in what this report has to say, in relation to Laser Cutting..

Naoki

Jan, 2015

Interested in each of the applications by the market size of Laser Diode, DPSSL, and Fiber Laser. We especially would like to make sure the application..

Jinan

Aug, 2015

Will increase in adoption of fiber laser will affect demand of CO2 laser?.

Joanna

Dec, 2018

I am a polish student and involved in some project about ultrafast lasers. I have found that they are commonly used in micromachining so I am also really interested in this market. Can you share the summary for this market study?.

chirag

Dec, 2014

I am specially interested in fiber laser latest developments. And market opportunity for high power cutting machine in South Asia and Middle East regions. .

Juan

Apr, 2019

Trying to understand the market for ultra-short pulse lasers for the processing of ultra-hard materials ..

Jack

Jul, 2015

Hard to tell what your definition of "Laser Processing Market" is - seems like this includes more than just annual system sales. Can you please define it a bit further - what the study covers in this $17.4 billion market by 2020?.

Mahesh

Dec, 2015

I need to know which companies you have considered for the study, are these companies produces laser machines or the user of the machines?.

John

Oct, 2014

Interested in laser marking and engraving applications as it relates to tooling and tube identification specifically in aerospace and automotive industry segments. .

Jensen

Oct, 2014

Can you provide the qualitative and quantitative data for laser marking and engraving applications particularly for growth in the fiber and decline in CO2 and other solid state lasers?.

Aaron

Jul, 2017

I'm one of the co-founders in a startup focused on distributed manufacturing. I've been struggling to find a decent total addressable market number, and I'm pretty sure you guys have some of the data I need in your report. We don't have the funds to buy the full report. I'm wondering if you would be willing to sell part of the data so I can build a market case for investors. We are focused specifically on the laser fabrication market for metals and non-metals. For the time being out customers are mainly prototyping parts. I appreciate any help or advice you can offer. .

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