Global Laser Processing Technology Market Size, Trends & Growth Opportunity, By Product (Solid-state, Gas, Fiber, and Others), By Process (Micro-processing, Marking and Engraving, and Material Processing), By application (Packaging, Medical, Electronics and Microelectronics, Machine Tools, Aerospace, and Automotive) By Region and Forecast till 2030.
Market Overview
Global Laser Processing Technology Market was valued at USD $19.06 Billion in 2022 which is expected to reach USD $45.03 million by 2030 at a CAGR 11.34%. Laser processing technology provides speed & high accuracy for various industrial processes as compared to conventional processing methods. This is non-contact processes, which delivers clean and damage free processes. This technology is widely used across industry verticals such as Packaging, Medical, Electronics and Microelectronics, Machine Tools, Aerospace, and Automotive.
Market Drivers
Rise in usage of lasers in processing materials is the key driving factor which is expected to boost the global laser processing market growth. Furthermore, rise in adoption of this technology in industrial & manufacturing sectors will have the positive impact on market growth. Moreover, government rules and regulations concerning the application of this technology in the marking and engraving of products will favorably impact on market growth during this forecast period. In addition to that, increase in demand for this technology across a broad range of applications welding, cutting, marking, engraving, comprising, and drilling will fuel the market growth.
Market Restraints
However, high deployment cost is the major restraining factor which is expected to hamper the global laser processing market growth. Also, lack of qualified personnel will affect the market growth.
Market Segmentation
Global Laser Processing Market is segmented into product such as Solid-state, Gas, Fiber, and Others, by process such as Micro-processing, Marking and Engraving, and Material Processing. Further, market is segmented into application such as Packaging, Medical, Electronics and Microelectronics, Machine Tools, Aerospace, and Automotive.
Also, Global Laser Processing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various market players are discussed in this report such as Alltec GmbH, IPG Photonics Corporation, Epilog Laser, Jenoptik AG, Newport Corporation, Rofin-Sinar Technologies Inc, Eurolaser GmbH, Trumpf Group , Lumentum Holdings Inc., and Coherent, Inc.
Market Taxonomy
By Product
• Solid-state
• Gas
• Fiber
• Others
By Process
• Micro-processing
• Marking and Engraving
• Material Processing
By Application
• Packaging
• Medical
• Electronics and Microelectronics
• Machine Tools
• Aerospace
• Automotive
By Region
• North America
• Latin America
• Europe
• Asia pacific
• Middle East & Africa
Global Laser Processing Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Laser Processing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Laser Processing Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Laser Processing Market Share Analysis, By Product
5.3 Global Laser Processing Market Size and Forecast, By Product
5.3.1 Solid-State
5.3.2 Gas
5.3.3Fiber
5.3.4Others
6 Global Laser Processing Market, By Process
6.1 Y-o-Y Growth Comparison, By Process
6.2 Global Laser Processing Market Share Analysis, By Process
6.3 Global Laser Processing Market Size and Forecast, By Process
6.3.1 Micro-Processing
6.3.2 Marking and Engraving
6.3.3 Material Processing
7 Global Laser Processing Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Laser Processing Market Share Analysis, By Application
7.3 Global Laser Processing Market Size and Forecast, By Application
7.3.1 Packaging
7.3.2 Medical
7.3.3 Electronics and Microelectronics
7.3.4 Machine Tools
7.3.5 Aerospace
73.6 Automation
8 Global Laser Processing Market, By Region
8.1 Global Laser Processing Market Share Analysis, By Region
8.2 Global Laser Processing Market Share Analysis, By Region
8.3 Global Laser Processing Market Size and Forecast, By Region
9 North America Laser Processing Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 North America Laser Processing Market Share Analysis, By Product
9.3 North America Laser Processing Market Size and Forecast, By Process
9.4 North America Laser Processing Market Size and Forecast, By Application
9.5 North America Laser Processing Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Laser Processing Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Europe Laser Processing Market Share Analysis, By Product
10.3 Europe Laser Processing Market Size and Forecast, By Process
10.4 Europe Laser Processing Market Size and Forecast, By Application
10.5 Europe Laser Processing Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Laser Processing Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Asia Pacific Laser Processing Market Share Analysis, By Product
11.3 Asia Pacific Laser Processing Market Size and Forecast, By Process
11.4 Asia Pacific Laser Processing Market Size and Forecast, By Application
11.5 Asia Pacific Laser Processing Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Laser Processing Market Analysis and Forecast (2023 – 2030)
12.1 Introduction
12.2 Latin America Laser Processing Market Share Analysis, By Product
12.3 Latin America Laser Processing Market Size and Forecast, By Process
12.4 Latin America Laser Processing Market Size and Forecast, By Application
12.5 Latin America Laser Processing Market Size and Forecast, Country
13 Middle East Laser Processing Market Analysis and Forecast (2023 – 2030)
13.1 Introduction
13.2 Middle East Laser Processing Market Share Analysis, By Product
13.3 Middle East Laser Processing Market Size and Forecast, By Process
13.4 Middle East Laser Processing Market Size and Forecast, By Application
13.5 Middle East Laser Processing Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Alltec GmbH
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 IPG Photonics Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Epilog Laser
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Jenoptik AG
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Newport Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Rofin-Sinar Technologies Inc,
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Eurolaser GmbH
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Trumpf Group
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Lumentum Holdings Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Coherent, Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
