Laser Processing Market

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 Jun, 2020, by marketsandmarkets.com

[221 Pages Report] The global laser processing market size is projected to grow from USD 4.0 billion in 2020 to USD 5.8 billion by 2025; it is projected to record a CAGR of 7.8% during the forecast period. The laser processing industry’s growth is driven mainly by the growing preference of end-user industries for laser-based material processing over traditional approaches, increasing demand for high-quality and genuine end-products, rising demand for miniaturization of microelectronic devices, and surging technological advancements in the medical sector.

Laser Processing Market

“Solid lasers segment to grow at highest CAGR in laser processing market, by laser type, during forecast period”

The solid lasers segment is expected to grow at the highest growth rate. Solid lasers prevent the wastage of materials in the active medium and produce both continuous and pulsed output with high efficiency. These lasers have numerous applications, such as drilling holes in metals, endoscopy in medical, and targeting in military.

“System revenue segment to hold larger share in laser processing market during forecast period”

The system revenue segment is projected to hold a larger share in the laser processing market during the forecast period. System revenue covers the revenue generated from the sales of several types of laser processing systems, such as systems for marking & engraving, welding & brazing, cutting & scribing, drilling, cladding & coating, annealing, material removal, and other multi-function laser processing systems.

“Hybrid configuration segment to hold largest share of laser processing industry during forecast period”

The hybrid configuration segment is projected to hold the largest share of the laser processing market during the forecast period. 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. This is due to the presence of a movable table and a movable head in the hybrid system.

“Architecture end-user industry segment to grow at highest CAGR in laser processing market during forecast period”

The architecture end-user industry segment is expected to grow at the highest rate. Lasers help architects in creating precise models of buildings. These models are capable of accurately representing the design prior to construction, so that the necessary changes can be made to remove flaws or avoid the effect of climatic conditions, such as rain, heavy storms, and other unavoidable natural circumstances.

Laser Processing Market by Region

“Asia Pacific market to record significant growth during the forecast period.”

Asia Pacific (APAC) is projected to account for the largest share of the global laser processing market during the forecast period. The major countries contributing to the market in APAC include China, Japan, South Korea, and India. APAC has been ahead in terms of the adoption of laser processing solutions as compared with other regions. High population density, rise in R&D investments in technologies, and growth of the manufacturing and electronics sectors are expected to drive the growth of the market in the region.

Key Market Players

The laser processing market is currently dominated by Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), and Jenoptik (Germany). A few of the major strategies adopted by these players to compete in the laser processing industry include product launches & developments, expansions, partnerships, and mergers & acquisitions.

Other players operating in the market are Lumentum (US), Gravotech (France), LaserStar (US), Lumibird (France), and Epilog Laser (US). These players have adopted strategies such as product developments & launches, mergers & acquisitions, expansions, partnerships, and collaborations to grow in the laser processing market.

Scope of the Report:

Report Metrics

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Unit

Value (USD billion)

Segments covered

Laser type, configuration, revenue, application, and end-user industry

Regions covered

North America, Asia Pacific (APAC), Europe, and RoW

Companies covered

Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), Jenoptik (Germany), Lumentum (US), Gravotech (France), LaserStar (US), Lumibird (France), and Epilog Laser (US)

This report categorizes the laser processing market by laser type, configuration, revenue, application, end-user industry, and region.

By Laser Type:

  • Gas Lasers
    • CO2 Lasers
    • Excimer/Diode Lasers
    • Argon Lasers
    • Chemical Lasers
    • He–Ne Lasers
  • Solid Lasers
    • Yttrium Aluminum Garnet (YAG) Lasers
    • Semiconductor Lasers
    • Thin-disk Lasers
    • Ruby Lasers
    • Fiber Lasers
  • Liquid Lasers
    • X-ray Lasers
    • Dye Lasers
  • Others

By Configuration:

  • Laser Processing Configuration
    • Fixed Beam
    • Moving Beam
    • Hybrid
  • Laser Cutting and Engraving Configuration
    • Raster Mode
    • Vector Mode

By Revenue:

  • Laser Revenue
  • System Revenue

By Application:

  • Cutting
    • Fusion Cutting
    • Flame Cutting
    • Sublimation Cutting
  • Drilling
    • Single-pulse Drilling
    • Percussion Drilling
    • Trepanning Drilling
    • Helical Drilling
  • Welding
  • Marking & Engraving
    • Direct Laser Engraving
    • Direct Photopolymer Laser Imaging
    • Subsurface Laser Engraving
  • Microprocessing
  • Advanced Processing
  • Others

By End-user Industry:

  • Microelectronics
    • Flat-panel Display (FPD)
    • Advanced Packaging and Interconnects
    • Semiconductor Manufacturing
  • Micromachining
  • Aerospace & Defense
    • Laser Defense System Technology
    • Laser Radar (LiDAR)
  • Medical & Life Sciences
    • Laser Vision Correction
    • Confocal Microscopy
    • Optogenetics
    • Others
  • Automotive
  • Architecture
  • Machine Tools
  • Others (Glass, Wood, Plastics, and Tobacco)

By Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe (Italy, Russia, Austria, Netherlands, Denmark, Switzerland, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Spain, and Poland)
  • Asia Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific (Australia, Taiwan, Indonesia, the Philippines, and Singapore)
  • Rest of the World (RoW)
    • Middle East & Africa
    • South America

Major Market Developments

  • In January 2020, Trumpf (Germany) acquired a minority stake in GLOphotonics, a France-based laser technology startup.
  • In November 2019, Coherent (US) launched a switchable adjustable ring mode (ARM) fiber laser that has the ability to sequentially power two separate processes or workstations.
  • In August 2019, Han’s Laser (China) launched a multi-axis ultrafast micromachining equipment that can control the rotation of the laser and can control X,Y,Z motion in three directions.
  • In November 2018, IPG Photonics (US) acquired Genesis, a US-based robotic systems integrator, to offers its laser processing solutions to transportation, industrial, and aerospace end-user markets.

Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming trends in the laser processing market?
  • What are the opportunities for existing market players and those who are planning to enter the market?
  • How are the inorganic growth strategies implemented by key players likely to impact the growth of the laser processing market, and who would have the advantage?
  • What are the current investment trends in the laser processing market?

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

TABLE OF CONTENTS
1INTRODUCTION (Page No. - 28)
1.1Study Objectives
1.2Market Definition and Scope
1.2.1Inclusions and exclusions
1.3Study Scope
1.3.1Markets covered
1.3.2Geographic scope
1.3.3Years considered
1.4Currency
1.5Limitations
1.6Stakeholders
2RESEARCH METHODOLOGY (Page No. - 33)
2.1Research Data
Figure 1Laser processing market: Research design
2.1.1Secondary and primary research
2.1.1.1Key industry insights
2.1.2Secondary Data
2.1.2.1List of major secondary sources
2.1.2.2Secondary sources
2.1.3Primary Data
2.1.3.1Primary interviews with experts
2.1.3.2Breakdown of primaries
2.1.3.3Primary sources
2.2Market Size Estimation
2.2.1Bottom-up approach
2.2.1.1Estimating market size through bottom-up approach (demand side)
Figure 2Market size estimation methodology: Bottom-up approach
2.2.2Top-Down Approach
Figure 3Market size estimation methodology: Approach 2 (supply side)—revenue generated from products in laser processing market
Figure 4Market size estimation methodology: Approach 2 (supply side)—illustration of revenue estimation for one company in laser processing market
Figure 5Market size estimation methodology: Top-down approach
2.3Market Breakdown and Data Triangulation
Figure 6Data triangulation
2.4Research Assumptions
Figure 7Assumptions for the research study
3EXECUTIVE SUMMARY (Page No. - 44)
Figure 8Global laser processing market (USD Million)
Figure 9Machine tools end-user industry accounted for largest share of laser processing market in 2019
Figure 10Solid lasers type accounted for largest market share in 2019
Figure 11Cutting application held largest share of laser processing market, by application, in 2019
Figure 12System revenue held larger share of laser processing market, by revenue, in 2019
Figure 13Laser processing market, by region, 2019
4PREMIUM INSIGHTS (Page No. - 50)
4.1Attractive Opportunities in Laser Processing Market
Figure 14Preference for laser-based material processing over traditional approaches drives growth of laser processing market
4.2Laser Processing Market in APAC, By Country and End-User Industry
Figure 15China and machine tools end-user industry held largest share of APAC laser processing market in 2019
4.3Laser Processing Market, By Laser Type
Figure 16Solid lasers to account for largest share of laser processing market based on laser type during 2020–2025
4.4Laser Processing Market, By Revenue
Figure 17Laser revenue expected to exhibit higher CAGR in laser processing market during 2020–2025
4.5Laser Processing Market, By End-User Industry
Figure 18Machine tools end-user industry expected to hold largest share of laser processing market by 2025
4.6Laser Processing Market, By Application
Figure 19Cutting application expected to hold largest share of laser processing market by 2025
4.7Laser Processing Market, By Country
Figure 20Germany accounted for largest share of laser processing market in 2019
5 MARKET OVERVIEW (Page No. - 54)
5.1Introduction
5.2Market Dynamics
Figure 21Impact of drivers and opportunities on laser processing market
Figure 22Impact of challenges and restraints on laser processing market
5.2.1Drivers
5.2.1.1Preference for laser-based material processing over traditional approaches
5.2.1.2Increasing demand for high-quality and genuine products
5.2.1.3Demand for miniaturization of microelectronic devices
5.2.1.4Technological advancements in medical sector
5.2.2Restraints
5.2.2.1High deployment cost and lack of personnel with required technical expertise
5.2.3Opportunities
5.2.3.1Growing number of application areas
Figure 23Global automotive sales, by vehicle type, 2012–2018 (Million Units)
5.2.3.2Surging demand for custom marking and engraving
5.2.3.3Increasing automation across manufacturing sector
Figure 24Annual shipment of industrial robots, by region, 2012–2017
5.2.4Challenges
5.2.4.1Technical complexities in high-power lasers
5.2.4.2Environmental concerns over use of rare earth elements
5.3Impact of COVID-19 on Laser Processing Market
5.4Value Chain Analysis
Figure 25Value chain analysis: Major value is added by original equipment manufacturers and laser system integrators
6LASER PROCESSING MARKET, BY LASER TYPE (Page No. - 64)
6.1Introduction
Figure 26Laser processing market, by laser type
Figure 27Laser processing market for solid lasers to grow at highest CAGR during forecast period
Table 1Laser processing market, by laser type, 2017–2025 (USD Million)
6.2Solid Lasers
Figure 28APAC to hold largest share of solid lasers processing market during forecast period
Table 2Solid lasers processing market, by region, 2017–2025 (USD Million)
Table 3Solid lasers processing market, by subtype, 2017–2025 (USD Million)
6.2.1Fiber lasers
6.2.1.1Fiber lasers to hold largest share of solid lasers market during forecast period
6.2.2Ruby lasers
6.2.2.1Ruby lasers are used in science programs across various educational institutions, and for decoration and artistic purposes
6.2.3Yttrium Aluminum Garnet (YAG) Lasers
6.2.3.1ND:YAG lasers can reach deeper layers of skin tissues than other lasers
6.2.4Semiconductor lasers
6.2.4.1Semiconductor lasers are natural transmitters of digital data because they can be pulsed at variable rate and pulse widths
6.2.5Thin-disk lasers
6.2.5.1Due to their cooling properties, thin-disk lasers are used across several industrial applications and in scientific research
6.3Liquid Lasers
Table 4Liquid lasers processing market, by region, 2017–2025 (USD Million)
Table 5Liquid lasers processing market, by subtype, 2017–2025 (USD Million)
6.3.1X-ray lasers
6.3.1.1Major application areas of X-ray lasers are research related to dense plasmas, X-ray microscopy, medical imaging, military & defense, and surface research
6.3.2Dye lasers
6.3.2.1Dye lasers offer lesser beam diameter and beam divergence, ease of construction, and high efficiency
6.4Gas Lasers
Figure 29APAC to hold largest share of gas lasers processing market during forecast period
Table 6Gas lasers processing market, by region, 2017–2025 (USD Million)
Table 7Gas lasers processing market, by subtype, 2017–2025 (USD Million)
6.4.1CO2 lasers
6.4.1.1CO2 laser offers high power, performance, and compact size for a sealed laser
6.4.2Excimer/diode lasers
6.4.2.1Excimer/diode lasers operate in ultraviolet (UV) spectral region and generate nanosecond pulses
6.4.3HE-NE lasers
6.4.3.1HE-NE are low-cost lasers providing good beam quality
6.4.4Argon lasers
6.4.4.1Application areas of argon lasers include scientific research and medical
6.4.5Chemical lasers
6.4.5.1Chemical lasers are capable of achieving high power by obtaining required energy levels from chemical reactions
6.5Others
6.5.1Photonic crystal laser and industrial short-pulse lasers are used for applications such as cutting, welding, drilling, and marking & engraving
Table 8Other laser processing market, by region, 2017–2025 (USD Million)
7LASER PROCESSING MARKET, BY REVENUE
7.1Introduction (Page No. - 77)
Figure 30Laser processing market, by revenue
Figure 31Laser processing market for laser revenue to grow at higher CAGR during forecast period
Table 9Laser processing market, by revenue, 2017–2025 (USD Million)
7.2System Revenue
7.2.1Growing demand for laser systems across several end-user industries drives revenue from system sales
Figure 32APAC to hold largest share of laser processing market for system revenue during forecast period
Table 10Laser processing market for system revenue, by region, 2017–2025 (USD Million)
7.3Laser Revenue
7.3.1Growing demand for several types of lasers drives laser revenue segment
Figure 33APAC to hold largest share of laser processing market for laser revenue during forecast period
Table 11Laser processing market for laser revenue, by region, 2017–2025 (USD Million)
8LASER PROCESSING MARKET, BY CONFIGURATION (Page No. - 82)
8.1Introduction
8.2Types of Configuration for Laser Processing
Figure 34Laser processing market, by configuration
Figure 35Laser processing market for moving beam to grow at highest CAGR during forecast period
Table 12Laser processing market, by configuration, 2017–2025 (USD Million)
8.2.1Fixed beam
8.2.1.1Fixed-beam configuration has laser beam in stationary position and requires lesser optics
Figure 36APAC to hold largest share of fixed-beam configuration laser processing market during forecast period
Table 13Fixed-beam configuration laser processing market, by region, 2017–2025 (USD Million)
8.2.2Moving beam
8.2.2.1Moving beam configuration segment is expected to grow at highest CAGR
Figure 37APAC to hold largest share of moving beam configuration laser processing market during forecast period
Table 14Moving beam configuration laser processing market, by region, 2017–2025 (USD Million)
8.2.3Hybrid
8.2.3.1Hybrid laser processing systems are more efficient than moving beam systems
Figure 38APAC to hold largest share of hybrid configuration laser processing market during forecast period
Table 15Hybrid configuration laser processing market, by region, 2017–2025 (USD Million)
Table 16Comparison of different laser processing configurations
8.3Types of Configuration for Laser Cutting and Engraving
Figure 39Laser processing market, by machine configuration
8.3.1Raster mode
8.3.1.1Raster mode is applicable for engraving of texts and graphics on wood, aluminum, and flooring materials
8.3.2Vector mode
8.3.2.1Vector mode allows for marking, scoring, or cutting of a material’s surface in a two-dimensional line
Table 17Result comparison of raster and vector modes
9LASER PROCESSING MARKET, BY APPLICATION (Page No. - 90)
9.1Introduction
Figure 40Laser processing, by application
Figure 41Laser processing market for advanced processing to grow at highest CAGR during forecast period
Table 18Laser processing market, by application, 2017–2025 (USD Million)
9.2Cutting
Figure 42Laser processing market for cutting application to capture largest size in APAC during forecast period
Table 19Laser processing market for cutting application, by region, 2017–2025 (USD Million)
9.2.1Fusion cutting
9.2.1.1Fusion cutting provides oxide-free cut edges and requires no further treatment
9.2.2Flame cutting
9.2.2.1Flame cutting allows high-speed cutting of thick plates
9.2.3Sublimation cutting
9.2.3.1Sublimation cutting is an ideal choice for applications requiring delicate cutting work
9.3Welding
9.3.1The laser welding technique offers high processing speeds and a low power distortion
Table 20Laser processing market by welding application, by region, 2017–2025 (USD Million)
9.4Drilling
Table 21Laser processing market for drilling application, by region, 2017–2025 (USD Million)
9.4.1Single-pulse drilling
9.4.1.1Single-pulse drilling allows drilling of large number of holes in less time
9.4.2Percussion drilling
9.4.2.1Percussion drilling method produces deeper and more precise holes than single-shot drilling
9.4.3Trepanning drilling
9.4.3.1Depth of up to 50mm is achievable through trepanning drilling
9.4.4Helical drilling
9.4.4.1Helical drilling facilitates easy drilling of large and deep holes
9.5Marking & Engraving
Figure 43Laser processing market for marking & engraving application to capture largest size in APAC during forecast period
Table 22Laser processing market by marking & engraving application, by region, 2017–2025 (USD Million)
9.5.1Direct laser engraving
9.5.1.1Direct laser engraving is ideal for extremely fast and highly accurate print runs of catalogs or magazines
9.5.2Subsurface laser engraving
9.5.2.1Subsurface laser engraving allows two- and three-dimensional designs inside glass
9.5.3Direct photopolymer laser imaging
9.5.3.1Direct photopolymer laser imaging process allows scanning electronically generated images
9.6Microprocessing
9.6.1Lasers are used for microprocessing in PCB layouts, semiconductor lithography, and micromachining parts
Table 23Laser processing market for microprocessing application, by region, 2017–2025 (USD Million)
9.7Advanced Processing
9.7.1Advanced processing application is expected to grow at highest CAGR
Table 24Laser processing market for advanced processing application, by region, 2017–2025 (USD Million)
9.8Others
9.8.1Other applications include laser perforating, laser soldering and welding, and laser structuring
Figure 44APAC to hold largest share of laser processing market for other applications during forecast period
Table 25Laser processing market for other applications, by region, 2017–2025 (USD Million)
10LASER PROCESSING MARKET, BY END-USER INDUSTRY (Page No. - 103)
10.1Introduction
Figure 45Laser processing market, by end-user industry
Figure 46Laser processing market for architecture end-user industry to grow at highest CAGR during forecast period
Table 26Laser processing market, by end-user industry, 2017–2025 (USD Million)
10.2Machine Tools
Figure 47APAC to hold largest share of laser processing market for machine tools end-user industry during forecast period
Table 27Laser processing market for machine tools end-user industry, by region, 2017–2025 (USD Million)
Table 28Laser processing market for machine tools end-user industry in APAC, by country, 2017–2025 (USD Million)
Table 29laser processing market for machine tools end-user industry in Europe, by country, 2017–2025 (USD Million)
Table 30Laser processing market for machine tools end-user industry in North America, by country, 2017–2025 (USD Million)
Table 31Laser processing market for machine tools end-user industry in ROW, by region, 2017–2025 (USD Million)
10.3Microelectronics
Figure 48APAC to hold largest share of laser processing market for microelectronics end-user industry during forecast period
Table 32Laser processing market for microelectronics end-user industry, by region, 2017–2025 (USD Million)
Table 33Laser processing market for microelectronics end-user industry in APAC, by country, 2017–2025 (USD Million)
Table 34Laser processing market for microelectronics end-user industry in Europe, by country, 2017–2025 (USD Million)
Table 35Laser processing market for microelectronics end-user industry in North America, by country, 2017–2025 (USD Million)
Table 36Laser processing market for microelectronics end-user industry in ROW, by region, 2017–2025 (USD Million)
10.3.1Flat-panel display (FPD)
10.3.1.1Lasers enable high process speed, better yield, and improved battery life with higher resolution and brightness at low cost for FPDs
10.3.2Advanced packaging & interconnects
10.3.2.1Lasers are used for cutting and scribing of wafers in advanced packaging and interconnects
10.3.3Micromachining
10.3.3.1Excimer lasers are used to shape materials such as ceramics, glass, polymers, metals, and diamonds
10.3.4Semiconductor manufacturing
10.3.4.1Lasers can detect and locate defects as small as 0.01 micron
10.4Automotive
10.4.1Lasers are utilized for applications such as high-strength steel cutting, seam welding, and brazing
Figure 49APAC to hold largest share of laser processing market for automotive end-user industry during forecast period
Table 37Laser processing market for automotive end-user industry, by region, 2017–2025 (USD Million)
Table 38Laser processing market for automotive end-user industry in APAC, by country, 2017–2025 (USD Million)
Table 39Laser processing market for automotive end-user industry in Europe, by country, 2017–2025 (USD Million)
Table 40Laser processing market for automotive end-user industry in North America, by country, 2017–2025 (USD Million)
Table 41Laser processing market for automotive end-user industry in ROW, by region, 2017–2025 (USD Million)
10.5Medical & Life Sciences
Figure 50APAC to hold largest share of laser processing market for medical & life sciences end-user industry during forecast period
Table 42Laser processing market for medical & life sciences end-user industry, by region, 2017–2025 (USD Million)
Table 43Laser processing market for medical & life sciences end-user industry in APAC, by country, 2017–2025 (USD Million)
Table 44Laser processing market for medical & life sciences end-user industry in Europe, by country, 2017–2025 (USD Million)
Table 45Laser processing market for medical & life sciences end-user industry in North America, by country, 2017–2025 (USD Million)
Table 46Laser processing market for medical & life sciences end-user industry in ROW, by region, 2017–2025 (USD Million)
10.5.1Laser vision correction
10.5.1.1Excimer lasers offer extreme reliability and high repetition rate in vision correction procedure
10.5.2Confocal microscope
10.5.2.1Confocal microscopes offer high resolution, submicron microscopy, and magnification range of 100X to 10,000
10.5.3Optogenetics
10.5.3.1Ultrafast lasers are now being used for topological mapping and functional mapping of brain
10.5.4Others
10.5.4.1Other application segments in medical & life sciences include flow cytometry, biodetection and analysis, multiphoton excitation (MPE) microscopy, enhanced magnetic resonance imaging (MRI), and dermatological treatment
10.6Aerospace & Defense
Figure 51APAC to hold largest share of laser processing market for aerospace & defense end-user industry during forecast period
Table 47Laser processing market for aerospace & defense end-user industry, by region, 2017–2025 (USD Million)
Table 48Laser processing market for aerospace & defense end-user industry in APAC, by country, 2017–2025 (USD Million)
Table 49Laser processing market for aerospace & defense end-user INDUSTRY in Europe, by country, 2017–2025 (USD Million)
Table 50Laser processing market for aerospace & defense end-user industry in North America, by country, 2017–2025 (USD Million)
Table 51Laser processing market for aerospace & defense end-user industry in ROW, by region, 2017–2025 (USD Million)
10.6.1Laser defense system technology
10.6.1.1Lasers are used in anti-missile defense systems to dispose of energy of warheads
10.6.2Laser radar (LIDAR)
10.6.2.1Lasers used in radar applications provide details regarding dimension and distance of targets with high accuracy
10.7Architecture
10.7.1Lasers used in architecture sector help architects create precise models of structures
Figure 52APAC to hold largest share of laser processing market for architecture end-user industry during forecast period
Table 52Laser processing market for architecture end-user industry, by region, 2017–2025 (USD Million)
Table 53Laser processing market for architecture end-user industry in APAC, by country, 2017–2025 (USD Million)
Table 54Laser processing market for architecture end-user industry in Europe, by country, 2017–2025 (USD Million)
Table 55Laser processing market for architecture end-user industry in North America, by country, 2017–2025 (USD Million)
Table 56Laser processing market for architecture end-user industry in ROW, by region, 2017–2025 (USD Million)
10.8Others
Figure 53APAC to hold largest share of laser processing market for other end-user industries during forecast period
Table 57Laser processing market for other end-user industries, by region, 2017–2025 (USD Million)
Table 58Laser processing market for other end-user industries in APAC, by country, 2017–2025 (USD Million)
Table 59Laser processing market for other end-user industries in Europe, by country, 2017–2025 (USD Million)
Table 60Laser processing market for other end-user industries in North America, by country, 2017–2025 (USD Million)
Table 61Laser processing market for other end-user industries in ROW, by region, 2017–2025 (USD Million)
10.8.1Glass
10.8.1.1CO2 and Nd: YAG lasers are an ideal choice for cutting, welding, and marking & engraving applications
10.8.2Wood
10.8.2.1All kinds of hardwoods, inlays, plywood, walnut wood, alder wood, and cherry wood can be engraved using laser systems
10.8.3Plastic
10.8.3.1Lasers are used for cutting, welding, and marking & engraving applications in plastics industry
10.8.4Tobacco
10.8.4.1Lasers are used for perforation of cigarette tipping papers
11GEOGRAPHIC ANALYSIS (Page No. - 129)
11.1Introduction
Figure 54Geographic snapshot: Laser processing market in India to grow at highest CAGR during forecast period
Figure 55APAC to procure largest share in laser processing market during forecast period
Table 62Laser processing market, by region, 2017–2025 (USD Million)
11.2North America
Figure 56Snapshot of laser processing market in North America
Figure 57Mexico to record highest CAGR in laser processing market in North America during forecast period
Table 63Laser processing market in North America, by country, 2017–2025 (USD Million)
Table 64Laser processing market in North America, by laser type, 2017–2025 (USD Million)
Table 65Laser processing market in North America, by application, 2017–2025 (USD Million)
Table 66Laser processing market in North America, by configuration, 2017–2025 (USD Million)
Table 67Laser processing market in North America, by revenue, 2017–2025 (USD Million)
Figure 58Laser processing market in North America for architecture industry to witness highest CAGR during forecast period
Table 68Laser processing market in North America, by end-user industry, 2017–2025 (USD Million)
11.2.1US
11.2.1.1US held largest share of laser processing market in North America
Table 69Laser processing market in US, by end-user industry, 2017–2025 (USD Million)
Table 70Laser processing market in US, by revenue, 2017–2025 (USD Million)
11.2.2Canada
11.2.2.1Demand from aerospace & defense and automotive end-user industries to foster market growth in US
Table 71Laser processing market in Canada, by end-user industry, 2017–2025 (USD Million)
11.2.3Mexico
11.2.3.1Market in Mexico to grow at highest rate in North America
Table 72Laser processing market in Mexico, by end-user industry, 2017–2025 (USD Million)
11.3Europe
Figure 59Snapshot of laser processing market in Europe
Figure 60ROE to capture highest CAGR in laser processing market in Europe during forecast period
Table 73Laser processing market in Europe, by country, 2017–2027 (USD Million)
Table 74Laser processing market in Europe, by laser type, 2017–2025 (USD Million)
Table 75Laser processing market in Europe, by application, 2017–2025 (USD Million)
Table 76Laser processing market in Europe, by configuration, 2017–2025 (USD Million)
Table 77Laser processing market in Europe, by revenue, 2017–2025 (USD Million)
Figure 61Laser processing market in Europe for architecture industry to register highest CAGR during forecast period
Table 78Laser processing market in Europe, by end-user industry, 2017–2025 (USD Million)
11.3.1Germany
11.3.1.1Germany held largest share of laser processing market in Europe in 2019
Table 79Laser processing market in Germany, by end-user industry, 2017–2025 (USD Million)
11.3.2France
11.3.2.1Increasing demand for solid and gas lasers to drive growth of laser processing market in France
Table 80Laser processing market in France, by end-user industry, 2017–2025 (USD Million)
11.3.3UK
11.3.3.1Presence of solid, liquid, and gas laser manufacturers to foster growth of laser processing market in UK
Table 81Laser processing market in UK, by end-user industry, 2017–2025 (USD Million)
11.3.4ROE
11.3.4.1Laser processing market in ROE to grow at highest rate in Europe
Table 82Laser processing market in ROE, by end-user industry, 2017–2025 (USD Million)
11.4APAC
Figure 62Snapshot of Laser processing market in APAC
Figure 63Laser processing market in India to capture highest CAGR during forecast period
Table 83Laser processing market in APAC, by country, 2017–2027 (USD Million)
Table 84Laser processing market in APAC, by laser type, 2017–2025 (USD Million)
Table 85Laser processing market in APAC, by application, 2017–2025 (USD Million)
Table 86Laser processing market in APAC, by configuration, 2017–2025 (USD Million)
Table 87Laser processing market in APAC, by revenue, 2017–2025 (USD Million)
Figure 64Laser processing market in APAC for architecture industry to witness highest CAGR during forecast period
Table 88Laser processing market in APAC, by end-user industry, 2017–2025 (USD Million)
11.4.1China
11.4.1.1China held largest share of laser processing market in APAC in 2019
Table 89Laser processing market in China, by end-user industry, 2017–2025 (USD Million)
Table 90Laser processing market in China, by revenue, 2017–2025 (USD Million)
11.4.2Japan
11.4.2.1Heightened demand from automotive industry to foster laser processing market growth in Japan
Table 91Laser processing market in Japan, by end-user industry, 2017–2025 (USD Million)
11.4.3South Korea
11.4.3.1Microelectronics and automotive industries to induce demand for laser processing systems in South Korea
Table 92Laser processing market in South Korea, by end-user industry, 2017–2025 (USD Million)
11.4.4India
11.4.4.1Laser processing market in India to capture highest CAGR during forecast period
Table 93Laser processing market in India, by end-user industry, 2017–2025 (USD Million)
11.4.5Rest of APAC
11.4.5.1Growth in manufacturing activities to drive demand for laser processing systems in Rest of APAC
Table 94Laser processing market in RoAPAC, by end-user industry, 2017–2025 (USD Million)
11.5ROW
Figure 65Laser processing market in South America to record higher CAGR during forecast period
Table 95Laser processing market in ROW, by region, 2017–2027 (USD Million)
Table 96Laser processing market in ROW, by laser type, 2017–2025 (USD Million)
Table 97Laser processing market in ROW, by application, 2017–2025 (USD Million)
Table 98Laser processing market in ROW, by configuration, 2017–2025 (USD Million)
Table 99Laser processing market in ROW, by revenue, 2017–2025 (USD Million)
Figure 66Laser processing market in ROW for architecture industry to capture highest CAGR during forecast period
Table 100Laser processing market in ROW, by end-user industry, 2017–2025 (USD Million)
11.5.1MEA
11.5.1.1MEA held larger share of laser processing market in ROW in 2019
Table 101Laser processing market in MEA, by end-user industry, 2017–2025 (USD Million)
11.5.2South America
11.5.2.1Laser processing market in South America to grow at higher CAGR in ROW
Table 102Laser processing market in South America, by end-user industry, 2017–2025 (USD Million)
12COMPETITIVE LANDSCAPE (Page No. - 162)
12.1Introduction
Figure 67Major players in laser processing market adopted product launches as key growth strategy from 2017 to 2019
12.2Ranking analysis of players in Laser processing Market
Figure 68Top 5 companies in laser processing market
12.3Competitive Leadership Mapping
Figure 69Laser processing market (global) competitive leadership mapping, 2019
12.3.1Visionary leaders
12.3.2Dynamic differentiators
12.3.3Innovators
12.3.4Emerging companies
12.4Competitive Benchmarking
12.4.1Strength of product portfolio (25 companies)
Figure 70Product portfolio analysis of top players in laser processing market
12.4.2Business strategy excellence (25 companies)
Figure 71Business strategy excellence of top players in laser processing market
12.5Competitive Scenario
Figure 72Market evolution framework: Product launches, followed by mergers & acquisitions, fueled laser processing market growth (2017–2019)
12.5.1Expansions
Table 103Expansions, 2017–2019
12.5.2Product Launches and developments
Table 104Product Launches and developments, 2017–2019
12.5.3Mergers & acquisitions
Table 105Acquisitions, 2017–2019
12.5.4Contracts, partnerships, agreements, and collaborations
Table 106Contracts, partnerships, agreements, and collaborations, 2017–2019
13COMPANY PROFILES (Page No. - 177)
13.1Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.1.1COHERENT
Figure 73COHERENT: Company snapshot
13.1.2TRUMPF
Figure 74TRUMPF: Company snapshot
13.1.3HAN'S LASER
Figure 75HAN'S LASER: Company snapshot
13.1.4IPG PHOTONICS
Figure 76IPG PHOTONICS: Company snapshot
13.1.5JENOPTIK
Figure 77JENOPTIK: Company snapshot
13.1.6LUMENTUM
Figure 78LUMENTUM: Company snapshot
13.1.7GRAVOTECH
13.1.8LASERSTAR
13.1.9LUMIBIRD
Figure 79LUMIBIRD: Company snapshot
13.1.10EPILOG LASER
13.2Right to Win
13.2.1COHERENT
13.2.2HAN’S LASER
13.2.3TRUMPF
13.2.4IPG PHOTONICS
13.2.5JENOPTIK
13.3Other Companies
13.3.1NOVANTA
13.3.2MKS INSTRUMENTS
13.3.3EUROLASER
13.3.4600 GROUP
13.3.5BYSTRONIC LASER
13.3.6PHOTONICS INDUSTRIES
13.3.7PANASONIC
13.3.8DANAHER
13.3.9SINTEC OPTRONICS
13.3.10PRIMA INDUSTRIE
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
14APPENDIX (Page No. - 221)
14.1Insights of Industry Experts
14.2Discussion Guide
14.3Knowledge Store: MarketsandMarkets’ Subscription Portal
14.4Available Customizations
14.5Related Reports
14.6Author Details

The study involved four major activities in estimating the current size of the laser processing market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts from across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market sizes of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the laser processing market begins with capturing data on the revenues of key vendors in the market through secondary research. This study involves extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for the technical, market-oriented, and commercial study of the laser processing market. Vendor offerings were also taken into consideration to determine the market segmentation. This entire research methodology includes studying annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.

Primary Research

The supply chain in the laser processing market comprises several stakeholders, such as suppliers of standard components, original equipment manufacturers (OEMs), component providers, solutions providers, and system integrators. The supply side is characterized by advancements in laser processing systems and their applications in diverse end-user industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is as follows.

Laser Processing Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the laser processing market and various market subsegments. The research methodology used to estimate the market sizes includes the following.

  • Key players providing laser processing systems to different end-user industries were identified through extensive secondary research.
  • The industry’s supply chain and 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.

Data Triangulation

After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying factors and trends from both the demand and supply sides of the laser processing market.

Research Objective

  • To define and forecast the laser processing market, by laser type, configuration, revenue, application, and end-user industry, in terms of value
  • To forecast the market size for various segments with regard to four main regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the laser processing market
  • To provide a comprehensive overview of the laser processing value chain
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the laser processing market
  • To analyze opportunities in the laser processing market for stakeholders by identifying high-growth segments
  • To strategically profile key players, comprehensively analyze their market rankings and core competencies, and provide a detailed competitive landscape of the market
  • To analyze competitive developments, such as contracts, mergers & acquisitions, product launches, and research & development (R&D) activities, in the laser processing market

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Critical Questions:

  • What will be the new end-user industries in which laser processing can be used?
  • Who are the key players in the market, and how intense is the competition
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