Laser Processing Market

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

Report Code: SE 2965 Feb, 2024, by marketsandmarkets.com

[262 Pages Report] 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.

Laser Processing Market

Laser Processing Market

Laser Processing Market Forecast to 2029

To know about the assumptions considered for the study, Request for Free Sample Report

Laser Processing Market Trends

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.

Laser Processing Market Ecosystem

Laser Processing Market by Ecosystem

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 to hold the largest market share during the forecast period.

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.

Laser Processing Market
 by Region

Laser Processing Market by Region

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

Key Market Players

The major companies in the laser processing companies are Coherent Corp. (US), TRUMPF (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics Corporation (US), JENOPTIK AG (Germany) and others. These companies have used both organic and inorganic growth strategies, such as product launches, acquisitions, and partnerships to strengthen their position in the laser processing market.

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

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.

Laser Processing Market Highlights

In this report, the overall laser processing market has been segmented based on Laser Type, Configuration, Application, Industry and Region.

Segment

Subsegment

By Laser Type

  • Solid Lasers
  • Liquid Lasers
  • Gas Lasers
  • Other Types

By Discrete Industry

  • Fixed
  • Moving
  • Hybrid

By Application

  • Magnetic Resonance
  • Cutting
  • Welding
  • Drilling
  • Marking and Engraving
  • Micro processing
  • Advanced processing
  • Other Applications

By Industry

  • Machine tools
  • Microelectronics
  • Automotive
  • Medical & Life Sciences
  • Aerospace
  • Architecture
  • Other Industries

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • GCC
    • Africa & Rest of Middle East
    • South America

Recent Developments

  • 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.

Frequently Asked Questions (FAQs):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 34)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 LASER PROCESSING MARKET SEGMENTATION
           1.3.2 INCLUSIONS AND EXCLUSIONS
           1.3.3 REGIONAL SCOPE
           1.3.4 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 39)
    2.1 RESEARCH DATA 
           FIGURE 2 LASER PROCESSING MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 List of primary interview participants
                    2.1.2.3 Key industry insights
                    2.1.2.4 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION METHODOLOGY 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
                               FIGURE 3 LASER PROCESSING MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to arrive at market size using top-down analysis (supply side)
                               FIGURE 4 LASER PROCESSING MARKET: TOP-DOWN APPROACH
                               FIGURE 5 LASER PROCESSING MARKET SIZE ESTIMATION METHODOLOGY
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 6 LASER PROCESSING MARKET: DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           FIGURE 7 LASER PROCESSING MARKET: RESEARCH ASSUMPTIONS
    2.5 RESEARCH LIMITATIONS 
    2.6 RISK ASSESSMENT 
           FIGURE 8 LASER PROCESSING MARKET: RISK ASSESSMENT
    2.7 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON LASER PROCESSING MARKET 
           TABLE 1 LASER PROCESSING MARKET: PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON LASER PROCESSING MARKET
 
3 EXECUTIVE SUMMARY (Page No. - 51)
    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
 
4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LASER PROCESSING MARKET 
           FIGURE 14 ADOPTION OF LASER PROCESSING TECHNOLOGIES TO PROMOTE INDUSTRIAL AUTOMATION TO FOSTER MARKET GROWTH
    4.2 LASER PROCESSING MARKET, BY LASER TYPE 
           FIGURE 15 SOLID LASERS HELD LARGEST SHARE OF LASER PROCESSING MARKET IN 2023
    4.3 LASER PROCESSING MARKET, BY APPLICATION 
           FIGURE 16 CUTTING APPLICATION TO DOMINATE LASER PROCESSING MARKET DURING FORECAST PERIOD
    4.4 LASER PROCESSING MARKET, BY END-USER INDUSTRY 
           FIGURE 17 MACHINE TOOLS INDUSTRY TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
    4.5 LASER PROCESSING MARKET, BY COUNTRY 
           FIGURE 18 US TO EXHIBIT HIGHEST CAGR IN LASER PROCESSING MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 LASER PROCESSING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising adoption of laser technologies in precision medicine and personalized treatments
                    5.2.1.2 Shifting preference from conventional material processing tools to laser-based techniques
                    5.2.1.3 Growing reliance on laser technology for manufacturing nano and micro devices
                               FIGURE 20 GLOBAL SEMICONDUCTOR SILICON MATERIAL SALES (MILLION SQUARE INCH), 2020–2022
                    5.2.1.4 Increasing use of lasers in marking and coding processes
                               FIGURE 21 IMPACT ANALYSIS: DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 High R&D and upfront costs
                    5.2.2.2 Shortage of skilled workforce
                               FIGURE 22 IMPACT ANALYSIS: RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing adoption of laser technologies in automobile sector
                               FIGURE 23 GLOBAL AUTOMOTIVE SALES, BY VEHICLE TYPE, 2019–2022 (MILLION UNITS)
                    5.2.3.2 Increasing focus of consumer goods manufacturers on design innovation, customization, and functional enhancements
                    5.2.3.3 Rising use of lasers in scientific research
                               FIGURE 24 IMPACT ANALYSIS: OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Environmental challenges related to use of rare-earth elements in laser processing
                    5.2.4.2 Technical issues associated with high-power lasers
                               FIGURE 25 IMPACT ANALYSIS: CHALLENGES
    5.3 SUPPLY CHAIN ANALYSIS 
           FIGURE 26 LASER PROCESSING MARKET: SUPPLY CHAIN ANALYSIS
           5.3.1 RAW MATERIAL SUPPLIERS
           5.3.2 MANUFACTURERS
           5.3.3 DISTRIBUTORS
           5.3.4 END USERS
           5.3.5 AFTER-SALES SERVICE PROVIDERS
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 27 LASER PROCESSING MARKET ECOSYSTEM
           TABLE 2 ROLE OF COMPANIES IN LASER PROCESSING ECOSYSTEM
    5.5 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 28 INVESTMENT AND FUNDING SCENARIO, 2023
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 29 LASER PROCESSING MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 KEY TECHNOLOGY
                    5.7.1.1 Machine learning & artificial intelligence
                    5.7.1.2 Additive manufacturing
           5.7.2 COMPLEMENTARY TECHNOLOGY
                    5.7.2.1 LiDAR
           5.7.3 ADJACENT TECHNOLOGY
                    5.7.3.1 Fiber optics
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 30 LASER PROCESSING MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 LASER PROCESSING MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.8.1 THREAT OF NEW ENTRANTS
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF SUPPLIERS
           5.8.4 BARGAINING POWER OF BUYERS
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 CASE STUDY ANALYSIS 
           5.9.1 PLANO PLASTICS USES XL-3200 LASER MACHINE TO ENABLE ECONOMICAL ACRYLIC PROCESSING
           5.9.2 SHIM SHACK ADOPTS LASERCUBE TO REDUCE TURNAROUND TIME AND INVENTORY COSTS OF METAL FABRICATION
           5.9.3 PAPER SUSHI ADOPTS EPILOG LASER’S LASER CUTTING AND ENGRAVING MACHINE TO EXPAND PRODUCT LINES
    5.10 TRADE ANALYSIS 
           5.10.1 IMPORT SCENARIO
                    FIGURE 31 IMPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
           5.10.2 EXPORT SCENARIO
                    FIGURE 32 EXPORT DATA FOR HS CODE 901320-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
    5.11 PRICING ANALYSIS 
           5.11.1 AVERAGE SELLING PRICE OF FIBER LASERS
                    FIGURE 33 AVERAGE SELLING PRICE OF FIBER LASERS, 2020–2029 (USD)
           5.11.2 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE
                    FIGURE 34 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE
                    TABLE 4 AVERAGE SELLING PRICE OF LASERS OFFERED BY THREE KEY PLAYERS, BY TYPE (USD)
           5.11.3 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION
                    FIGURE 35 AVERAGE SELLING PRICE OF FIBER LASERS, BY REGION, 2021–2023 (USD)
    5.12 PATENT ANALYSIS 
           FIGURE 36 PATENTS APPLIED AND GRANTED, 2024–2023
           TABLE 5 LASER PROCESSING MARKET: LIST OF MAJOR PATENTS, 2021–2024
    5.13 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 6 LASER PROCESSING MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025
    5.14 REGULATORY LANDSCAPE AND STANDARDS 
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    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
           5.14.2 STANDARDS
                    5.14.2.1 IEC 60825-1:2014
                    5.14.2.2 ANSI Z136.1
                    5.14.2.3 Federal Laser Product Performance Standard (FLPPS)
                    5.14.2.4 International Commission on Non-ionizing Radiation Protection (ICNIRP) (2013)
                    5.14.2.5 EN 60825 – Safety of laser products
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES
                    TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USER INDUSTRIES (%)
           5.15.2 BUYING CRITERIA
                    FIGURE 38 KEY BUYING CRITERIA FOR TOP THREE END-USER INDUSTRIES
                    TABLE 12 KEY BUYING CRITERIA FOR TOP THREE END-USER INDUSTRIES
 
6 RECENT TRENDS AND DEVELOPMENTS IN LASER PROCESSING (Page No. - 92)
    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 
 
7 LASER PROCESSING COMPONENTS (Page No. - 94)
    7.1 INTRODUCTION 
           FIGURE 39 LASER PROCESSING COMPONENTS
    7.2 LASERS 
    7.3 LASER SYSTEMS 
 
8 LASER PROCESSING MARKET, BY LASER TYPE (Page No. - 96)
    8.1 INTRODUCTION 
           FIGURE 40 LASER PROCESSING MARKET, BY LASER TYPE
           FIGURE 41 SOLID LASERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 13 LASER PROCESSING MARKET, BY LASER TYPE, 2020–2023 (USD MILLION)
           TABLE 14 LASER PROCESSING MARKET, BY LASER TYPE, 2024–2029 (USD MILLION)
    8.2 SOLID LASERS 
           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)
           FIGURE 42 FIBER LASERS TO DOMINATE MARKET FOR SOLID LASER MARKET, BY TYPE, FROM 2024 TO 2029
           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)
           8.2.1 FIBER LASERS
                    8.2.1.1 High power and excellent beam quality of fiber lasers to contribute to market growth
                               TABLE 19 FIBER LASERS: LASER PROCESSING MARKET, 2020–2023 (THOUSAND UNITS)
                               TABLE 20 FIBER LASERS: LASER PROCESSING MARKET, 2024–2029 (THOUSAND UNITS)
           8.2.2 RUBY LASERS
                    8.2.2.1 Utilization of ruby lasers in cosmetic and medical procedures to fuel segmental growth
           8.2.3 YAG LASERS
                    8.2.3.1 Adoption of YAG lasers in metal welding applications to accelerate segmental growth
           8.2.4 SEMICONDUCTOR LASERS
                    8.2.4.1 Precise control and minimal heat input attributes to boost adoption of semiconductor lasers
           8.2.5 THIN-DISK LASERS
                    8.2.5.1 Use of thin-disk lasers in additive manufacturing to contribute to segmental growth
    8.3 GAS LASERS 
           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)
           8.3.1 CO2 LASERS
                    8.3.1.1 Ability of CO2 lasers to enable precise and high-speed material cutting with minimal thermal damage to drive market
           8.3.2 EXCIMER LASERS
                    8.3.2.1 Implementation of excimer lasers in advanced manufacturing to facilitate segmental growth
           8.3.3 HELIUM–NEON LASERS
                    8.3.3.1 Stable output and well-defined beam characteristics to augment demand for helium–neon lasers
           8.3.4 ARGON LASERS
                    8.3.4.1 Adoption of argon lasers in photocoagulation surgery to contribute to segmental growth
           8.3.5 CHEMICAL LASERS
                    8.3.5.1 Use of chemical lasers in precision machining applications to expedite segmental growth
    8.4 LIQUID LASERS 
           8.4.1 DEPLOYMENT OF LIQUID LASERS IN REMOTE SENSING AND MAPPING APPLICATIONS TO DRIVE MARKET
                    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)
    8.5 OTHER LASER TYPES 
           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)
 
9 LASER PROCESSING MARKET, BY CONFIGURATION (Page No. - 112)
    9.1 INTRODUCTION 
           FIGURE 43 LASER PROCESSING MARKET, BY CONFIGURATION
           FIGURE 44 MOVING BEAM CONFIGURATION TO EXHIBIT HIGHEST CAGR BETWEEN 2024 AND 2029
           TABLE 29 LASER PROCESSING MARKET, BY CONFIGURATION, 2020–2023 (USD MILLION)
           TABLE 30 LASER PROCESSING MARKET, BY CONFIGURATION, 2024–2029 (USD MILLION)
    9.2 FIXED BEAM 
           9.2.1 GREATER FLEXIBILITY AND STABILITY OF FIXED BEAM CONFIGURATION TO BOOST MARKET GROWTH
                    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)
    9.3 MOVING BEAM 
           9.3.1 REQUIREMENT FOR RAPID AND PRECISE LASER BEAM MOVEMENTS TO FOSTER SEGMENTAL GROWTH
                    FIGURE 45 ASIA PACIFIC TO HOLD LARGEST SHARE OF MARKET FOR MOVING BEAM CONFIGURATION IN 2029
                    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)
    9.4 HYBRID 
           9.4.1 NEED FOR ENHANCED EFFICIENCY AND FLEXIBILITY OF LASER PROCESSING TO EXPEDITE SEGMENTAL GROWTH
                    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
    9.5 CONFIGURATIONS FOR LASER CUTTING AND ENGRAVING 
           9.5.1 RASTER MODE
           9.5.2 VECTOR MODE
                    TABLE 38 COMPARISON OF RASTER AND VECTOR MODES
 
10 LASER PROCESSING MARKET, BY APPLICATION (Page No. - 120)
     10.1 INTRODUCTION 
             FIGURE 46 LASER PROCESSING MARKET, BY APPLICATION
             FIGURE 47 CUTTING APPLICATION TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024
             TABLE 39 LASER PROCESSING MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
             TABLE 40 LASER PROCESSING MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
     10.2 CUTTING 
             10.2.1 USE OF LASER TECHNOLOGY IN METAL AND NON-METAL MATERIAL CUTTING APPLICATIONS TO DRIVE MARKET
                        TABLE 41 CUTTING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 42 CUTTING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
             10.2.2 FUSION CUTTING
             10.2.3 FLAME CUTTING
             10.2.4 SUBLIMATION CUTTING
     10.3 WELDING 
             10.3.1 RELIANCE ON LASER WELDING PROCESS TO ASSEMBLE COMPLEX AUTOMOTIVE COMPONENTS TO FOSTER SEGMENTAL GROWTH
                        TABLE 43 WELDING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 44 WELDING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.4 DRILLING 
             10.4.1 USE OF LASER DRILLING SYSTEMS TO CREATE INTRICATE COOLING HOLES IN TURBINE BLADES TO EXPEDITE SEGMENTAL GROWTH
                        TABLE 45 DRILLING: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 46 DRILLING: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
             10.4.2 SINGLE-PULSE DRILLING
             10.4.3 PERCUSSION DRILLING
             10.4.4 TREPANNING DRILLING
             10.4.5 HELICAL DRILLING
     10.5 MARKING & ENGRAVING 
             10.5.1 ADOPTION OF LASER BEAMS TO CREATE HIGH-CONTRAST MARKS AND PROMINENT DESIGNS TO BOOST SEGMENTAL GROWTH
                        FIGURE 48 ASIA PACIFIC TO RECORD HIGHEST CAGR IN MARKET FOR MARKING & ENGRAVING APPLICATION DURING FORECAST PERIOD
                        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)
             10.5.2 DIRECT LASER ENGRAVING
             10.5.3 SUBSURFACE LASER ENGRAVING
             10.5.4 DIRECT PHOTOPOLYMER LASER IMAGING
     10.6 ADVANCED PROCESSING 
             10.6.1 IMPLEMENTATION OF LASER BEAMS TO CREATE COMPLEX STRUCTURES WITH NANOSCALE ACCURACY TO FUEL SEGMENTAL GROWTH
                        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)
     10.7 OTHER APPLICATIONS 
             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)
 
11 LASER PROCESSING MARKET, BY END-USER INDUSTRY (Page No. - 134)
     11.1 INTRODUCTION 
             FIGURE 49 LASER PROCESSING MARKET, BY END-USER INDUSTRY
             FIGURE 50 AEROSPACE INDUSTRY TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
             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)
     11.2 MACHINE TOOLS 
             11.2.1 USE OF LASERS FOR HIGH-SPEED PROCESSING AND SMOOTH CUTTING OF MACHINE TOOLS TO ACCELERATE SEGMENTAL GROWTH
                        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)
     11.3 MICROELECTRONICS 
             11.3.1 ADOPTION OF LASER BEAMS TO ENGRAVE PCBS AND OTHER ELECTRONIC COMPONENTS TO PROPEL MARKET
                        FIGURE 51 ASIA PACIFIC TO DOMINATE MARKET FOR MICROELECTRONICS FROM 2024 TO 2029
                        TABLE 57 MICROELECTRONICS: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 58 MICROELECTRONICS: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
             11.3.2 FLAT-PANEL DISPLAY
             11.3.3 ADVANCED PACKAGING & INTERCONNECTS
             11.3.4 MICROMACHINING
             11.3.5 SEMICONDUCTOR MANUFACTURING
     11.4 AUTOMOTIVE 
             11.4.1 RELIANCE ON LASERS TO CREATE DURABLE WELDS IN AUTOMOBILE BODY PANELS TO FUEL SEGMENTAL GROWTH
                        TABLE 59 AUTOMOTIVE: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 60 AUTOMOTIVE: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
     11.5 MEDICAL & LIFE SCIENCES 
             11.5.1 DEPLOYMENT OF LASER PROCESSING TECHNOLOGIES IN TISSUE ABLATION AND OTHER MINIMALLY INVASIVE SURGERIES TO DRIVE MARKET
                        FIGURE 52 MEDICAL & LIFE SCIENCES TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC LASER PROCESSING MARKET IN 2029
                        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)
             11.5.2 LASER VISION CORRECTION
             11.5.3 CONFOCAL MICROSCOPES
             11.5.4 OPTOGENETICS
             11.5.5 OTHER MEDICAL & LIFE SCIENCES APPLICATIONS
     11.6 AEROSPACE 
             11.6.1 UTILIZATION OF LASERS IN AIRCRAFT PART MACHINING TO CONTRIBUTE TO SEGMENTAL GROWTH
                        TABLE 63 AEROSPACE: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 64 AEROSPACE: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
     11.7 ARCHITECTURE 
             11.7.1 IMPLEMENTATION OF LASER SCANNING SYSTEMS TO CREATE 3D MODELS OF BUILDING STRUCTURES TO FOSTER SEGMENTAL GROWTH
                        FIGURE 53 ARCHITECTURE INDUSTRY TO REGISTER HIGHEST CAGR IN NORTH AMERICAN LASER PROCESSING MARKET DURING FORECAST PERIOD
                        TABLE 65 ARCHITECTURE: LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 66 ARCHITECTURE: LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
     11.8 OTHER END-USER INDUSTRIES 
             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)
 
12 LASER PROCESSING MARKET, BY REGION (Page No. - 150)
     12.1 INTRODUCTION 
             FIGURE 54 US TO RECORD HIGHEST CAGR IN LASER PROCESSING MARKET DURING FORECAST PERIOD
             TABLE 69 LASER PROCESSING MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 70 LASER PROCESSING MARKET, BY REGION, 2024–2029 (USD MILLION)
     12.2 NORTH AMERICA 
             12.2.1 RECESSION IMPACT ON LASER PROCESSING MARKET IN NORTH AMERICA
                        FIGURE 55 NORTH AMERICA: LASER PROCESSING MARKET SNAPSHOT
                        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)
             12.2.2 US
                        12.2.2.1 Deployment of laser technologies in advanced manufacturing to facilitate product differentiation to boost market growth
             12.2.3 CANADA
                        12.2.3.1 Government support for development and commercialization of electric vehicles to accelerate market growth
             12.2.4 MEXICO
                        12.2.4.1 Increased demand for efficient manufacturing and communication technologies to contribute to market growth
     12.3 EUROPE 
             12.3.1 RECESSION IMPACT ON LASER PROCESSING MARKET IN EUROPE
                        FIGURE 56 EUROPE: LASER PROCESSING MARKET SNAPSHOT
                        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)
             12.3.2 GERMANY
                        12.3.2.1 Rising adoption of automated manufacturing systems to facilitate market growth
             12.3.3 FRANCE
                        12.3.3.1 Increasing use of laser markers by aircraft component manufacturers to fuel segmental growth
             12.3.4 UK
                        12.3.4.1 Growing reliance on laser technologies for serial number engraving and other quality control applications to propel market
             12.3.5 REST OF EUROPE
     12.4 ASIA PACIFIC 
             12.4.1 RECESSION IMPACT ON LASER PROCESSING MARKET IN ASIA PACIFIC
                        FIGURE 57 ASIA PACIFIC: LASER PROCESSING MARKET SNAPSHOT
                        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)
             12.4.2 CHINA
                        12.4.2.1 Strong presence of wafer foundries to accelerate market growth
             12.4.3 JAPAN
                        12.4.3.1 Rising demand for electric and hybrid cars to foster market growth
             12.4.4 SOUTH KOREA
                        12.4.4.1 Thriving consumer electronics and automotive industries to contribute to market growth
             12.4.5 INDIA
                        12.4.5.1 Government-led initiatives encouraging domestic manufacturing to fuel market growth
             12.4.6 REST OF ASIA PACIFIC
     12.5 ROW 
             12.5.1 RECESSION IMPACT ON LASER PROCESSING MARKET IN ROW
                        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)
             12.5.2 SOUTH AMERICA
                        12.5.2.1 Increasing use of laser technologies for material processing to expedite market growth
             12.5.3 GCC COUNTRIES
                        12.5.3.1 Surging demand for electric vehicles to accelerate market growth
             12.5.4 AFRICA & REST OF MIDDLE EAST
                        12.5.4.1 Rising deployment of advanced manufacturing technologies to boost market growth
 
13 COMPETITIVE LANDSCAPE (Page No. - 171)
     13.1 INTRODUCTION 
     13.2 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024 
             TABLE 103 LASER PROCESSING MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2021–2024
     13.3 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 
             FIGURE 58 LASER PROCESSING MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
     13.4 MARKET SHARE ANALYSIS, 2023 
             TABLE 104 LASER PROCESSING MARKET: MARKET SHARE ANALYSIS, 2023
             FIGURE 59 LASER PROCESSING MARKET: MARKET SHARE ANALYSIS, 2023
     13.5 COMPANY VALUATION AND FINANCIAL METRICS 
             FIGURE 60 LASER PROCESSING MARKET: COMPANY VALUATION
             FIGURE 61 LASER PROCESSING MARKET: FINANCIAL METRICS
     13.6 BRAND/PRODUCT COMPARISON 
     13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             13.7.1 STARS
             13.7.2 EMERGING LEADERS
             13.7.3 PERVASIVE PLAYERS
             13.7.4 PARTICIPANTS
                        FIGURE 62 LASER PROCESSING MARKET: COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
             13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                        13.7.5.1 Overall footprint
                                     FIGURE 63 LASER PROCESSING MARKET: OVERALL COMPANY FOOTPRINT
                        13.7.5.2 Laser type footprint
                                     TABLE 105 LASER PROCESSING MARKET: LASER TYPE FOOTPRINT
                        13.7.5.3 Application footprint
                                     TABLE 106 LASER PROCESSING MARKET: APPLICATION FOOTPRINT
                        13.7.5.4 End-user industry footprint
                                     TABLE 107 LASER PROCESSING MARKET: END-USER INDUSTRY FOOTPRINT
                        13.7.5.5 Region footprint
                                     TABLE 108 LASER PROCESSING MARKET: REGION FOOTPRINT
     13.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 
             13.8.1 PROGRESSIVE COMPANIES
             13.8.2 RESPONSIVE COMPANIES
             13.8.3 DYNAMIC COMPANIES
             13.8.4 STARTING BLOCKS
                        FIGURE 64 LASER PROCESSING MARKET: COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023
             13.8.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023
                        13.8.5.1 List of key start-ups/SMEs
                                     TABLE 109 LASER PROCESSING MARKET: LIST OF KEY START-UPS/SMES
                        13.8.5.2 Competitive benchmarking of key start-ups/SMEs
                                     TABLE 110 LASER PROCESSING MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     13.9 COMPETITIVE SITUATIONS AND TRENDS 
             13.9.1 PRODUCT LAUNCHES
                        TABLE 111 LASER PROCESSING MARKET: PRODUCT LAUNCHES, SEPTEMBER 2021–JANUARY 2024
             13.9.2 DEALS
                        TABLE 112 LASER PROCESSING MARKET: DEALS, FEBRUARY 2021–NOVEMBER 2023
 
14 COMPANY PROFILES (Page No. - 191)
(Business Overview, Products/Solutions/Services, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*  
     14.1 KEY PLAYERS 
             14.1.1 COHERENT CORP.
                        TABLE 113 COHERENT CORP.: COMPANY OVERVIEW
                        FIGURE 65 COHERENT CORP.: COMPANY SNAPSHOT
                        TABLE 114 COHERENT CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 115 COHERENT CORP.: PRODUCT LAUNCHES
             14.1.2 TRUMPF
                        TABLE 116 TRUMPF: COMPANY OVERVIEW
                        FIGURE 66 TRUMPF: COMPANY SNAPSHOT
                        TABLE 117 TRUMPF: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 118 TRUMPF: PRODUCT LAUNCHES
             14.1.3 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD
                        TABLE 119 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY OVERVIEW
                        FIGURE 67 HAN’S LASER TECHNOLOGY INDUSTRY GROUP CO., LTD: COMPANY SNAPSHOT
                        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
             14.1.4 IPG PHOTONICS CORPORATION
                        TABLE 123 IPG PHOTONICS CORPORATION: COMPANY OVERVIEW
                        FIGURE 68 IPG PHOTONICS CORPORATION: COMPANY SNAPSHOT
                        TABLE 124 IPG PHOTONICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 125 IPG PHOTONICS CORPORATION: PRODUCT LAUNCHES
                        TABLE 126 IPG PHOTONICS CORPORATION: DEALS
             14.1.5 JENOPTIK AG
                        TABLE 127 JENOPTIK AG: COMPANY OVERVIEW
                        FIGURE 69 JENOPTIK AG: COMPANY SNAPSHOT
                        TABLE 128 JENOPTIK AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 129 JENOPTIK AG: PRODUCT LAUNCHES
                        TABLE 130 JENOPTIK AG: DEALS
                        TABLE 131 JENOPTIK AG: EXPANSIONS
             14.1.6 LUMENTUM OPERATIONS LLC
                        TABLE 132 LUMENTUM OPERATION LLC: COMPANY OVERVIEW
                        FIGURE 70 LUMENTUM OPERATION LLC: COMPANY SNAPSHOT
                        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
             14.1.7 GRAVOTECH MARKING
                        TABLE 137 GRAVOTECH MARKING: COMPANY OVERVIEW
                        TABLE 138 GRAVOTECH MARKING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 139 GRAVOTECH MARKING: PRODUCT LAUNCHES
             14.1.8 LASERSTAR TECHNOLOGIES CORPORATION
                        TABLE 140 LASERSTAR TECHNOLOGIES CORPORATION: COMPANY OVERVIEW
                        TABLE 141 LASERSTAR TECHNOLOGIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.9 LUMIBIRD
                        TABLE 142 LUMIBIRD: COMPANY OVERVIEW
                        FIGURE 71 LUMIBIRD: COMPANY SNAPSHOT
                        TABLE 143 LUMIBIRD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 144 LUMIBIRD: PRODUCT LAUNCHES
                        TABLE 145 LUMIBIRD: DEALS
             14.1.10 EPILOG LASER
                        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
             14.1.11 MKS INSTRUMENTS
                        TABLE 150 MKS INSTRUMENTS: COMPANY OVERVIEW
                        FIGURE 72 MKS INSTRUMENTS: COMPANY SNAPSHOT
                        TABLE 151 MKS INSTRUMENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 152 MKS INSTRUMENTS: PRODUCT LAUNCHES
                        TABLE 153 MKS INSTRUMENTS: DEALS
             14.1.12 NOVANTA INC.
                        TABLE 154 NOVANTA INC.: COMPANY OVERVIEW
                        FIGURE 73 NOVANTA INC.: COMPANY SNAPSHOT
                        TABLE 155 NOVANTA INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 156 NOVANTA INC.: PRODUCT LAUNCHES
                        TABLE 157 NOVANTA INC.: DEALS
             14.1.13 EUROLASER GMBH
                        TABLE 158 EUROLASER GMBH: COMPANY OVERVIEW
                        TABLE 159 EUROLASER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.14 600 GROUP PLC
                        TABLE 160 600 GROUP PLC: COMPANY OVERVIEW
                        FIGURE 74 600 GROUP PLC: COMPANY SNAPSHOT
                        TABLE 161 600 GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.15 BYSTRONIC GROUP
                        TABLE 162 BYSTRONIC GROUP: COMPANY OVERVIEW
                        FIGURE 75 BYSTRONIC GROUP: COMPANY SNAPSHOT
                        TABLE 163 BYSTRONIC GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 164 BYSTRONIC GROUP: PRODUCT LAUNCHES
     14.2 OTHER PLAYERS 
             14.2.1 ALPHALAS GMBH
                        TABLE 165 ALPHALAS GMBH: COMPANY OVERVIEW
             14.2.2 APPLIED LASER TECHNOLOGY, INC.
                        TABLE 166 APPLIED LASER TECHNOLOGY, INC.: COMPANY OVERVIEW
             14.2.3 ARIMA LASERS CORP.
                        TABLE 167 ARIMA LASERS CORP.: COMPANY OVERVIEW
             14.2.4 FOCUSLIGHT TECHNOLOGIES INC.
                        TABLE 168 FOCUSLIGHT TECHNOLOGIES INC: COMPANY OVERVIEW
             14.2.5 INNO LASER TECHNOLOGY CO., LTD.
                        TABLE 169 INNO LASER TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
             14.2.6 NKT PHOTONICS A/S
                        TABLE 170 NKT PHOTONICS A/S: COMPANY OVERVIEW
             14.2.7 PHOTONICS INDUSTRIES INTERNATIONAL. INC.
                        TABLE 171 PHOTONICS INDUSTRIES INTERNATIONAL. INC.: COMPANY OVERVIEW
             14.2.8 SFX STORE
                        TABLE 172 SFX STORE: COMPANY OVERVIEW
             14.2.9 TOPTICA PHOTONICS AG
                        TABLE 173 TOPTICA PHOTONICS AG: COMPANY OVERVIEW
             14.2.10 VESCENT
                        TABLE 174 VESCENT: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  
 
15 ADJACENT MARKET (Page No. - 248)
     15.1 INTRODUCTION 
     15.2 FIBER OPTICS MARKET 
             FIGURE 76 GLASS FIBER TYPE TO DOMINATE FIBER OPTICS MARKET DURING FORECAST PERIOD
             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)
             15.2.1 GLASS
                        15.2.1.1 Use of glass fiber optics to deliver high performance in extreme conditions to boost segmental growth
                                     FIGURE 77 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN GLASS FIBER OPTICS MARKET DURING FORECAST PERIOD
                                     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)
             15.2.2 PLASTIC
                        15.2.2.1 Adoption of plastic fiber optics in industrial and automotive lighting applications to drive market
                                     FIGURE 78 ASIA PACIFIC TO DOMINATE PLASTIC FIBER OPTICS MARKET DURING FORECAST PERIOD
                                     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)
 
16 APPENDIX (Page No. - 255)
     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 
 
 

 

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)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization
Report Code
SE 2965
Published ON
Feb, 2024
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Laser Processing Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback