Laser Marking Market

Laser Marking Market by Laser Type (Fiber Laser, Diode Laser, Solid State Laser, and CO2 Laser), Offering (Hardware, Software, and Services), End User (Machine Tools, Semiconductor & Electronics, Automotive), and Geography - Global Forecast to 2024

Report Code: SE 7134 May, 2019, by marketsandmarkets.com

[154 Pages Report] The overall laser marking market is expected to grow from USD 2.1 billion in 2018 to USD 3.0 billion by 2024, at a CAGR of 6.0% during the forecast period. Increasing adoption of laser marking across end-user verticals and enhanced performance of laser markers over traditional material marking techniques are the key factors driving the growth of this market.

Laser Marking Market

Fiber laser to hold largest share of laser marking market in 2018

By laser type, fiber laser accounted for the largest share of the laser marking market in 2018. Features such as high output power, flexible fiber light, compact size, and high optical quality have contributed to the growth of the market for fiber laser. A fiber laser uses an optical fiber doped as an active gain medium. Fiber laser comes in various power modes (continuous wave or modulated modes) and is suitable for laser marking and engraving applications across military, healthcare, semiconductor & electronics, and research verticals.

Market for hardware offering to hold largest share of laser marking market in 2018

By offering, hardware accounted for the largest share of the laser marking market in 2018. This large market share can be attributed to the high requirement of hardware in several types of laser marking systems. Hardware components, such as laser, controller, filter, rotary device, galvanometer, and power supply, are the building blocks of laser marking and engraving machines and are elemental for their proper functioning.

Machine tools end-user vertical to lead laser marking market during forecast period

By end user, the machine tools vertical is estimated to account for the largest share of the laser marking market during the forecast period. The leading position of this vertical, in terms of market size, can be attributed to the ability of laser markers to provide permanent alphanumeric details on objects in terms of product and brand names, batch numbers, manufacturer codes, 1D & 2D bar codes, logos, designs, manufacturer codes, dates of manufacturing, product related information, and other details.

Laser Marking Market

Market in APAC expected to grow at significant rate from 2019 to 2024

APAC is expected to account for the largest share of the laser marking market during the forecast period. China, India, South Korea, and Japan are the major contributors to the growth of the market in APAC. APAC has been ahead in terms of adoption of laser marking products and solutions compared to other regions. The region’s huge population, increasing R&D investments, and growing manufacturing and electronics sectors are expected to drive the growth of the market.

Key Market Players

Key players in the laser marking market comprise companies operating at different stages of the market’s value chain. The key market players include Coherent (US), Han’s Laser (China), Trumpf (Germany), Gravotech (France), Jenoptik (US), Epilog Laser (US), 600 Group (UK), Mecco (US), Laserstar (US), and Novanta (US). Organic growth strategies, such as product launches, are the focus of many of the above companies.

Prominent players have adopted product launches, followed by mergers & acquisitions, as part of their key business strategy to strengthen their position in the laser marking market. For instance, in February 2016, Coherent (US), under its AVIA laser series, launched green nanosecond lasers, which can deliver an average power of up to 65 W at 532 nm. These lasers can be used for marking, cutting, scribing, and drilling.

Scope of the Report:

Report Metric

Details

 

Market size available for years

 

2016–2024

Base year

2018

Forecast period

2019–2024

Forecast unit

Value (USD Billion)

Segments covered

Laser Type, End User, offering, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Coherent (US), Han’s Laser (China), Trumpf (Germany), Gravotech (France), Jenoptik (US), Epilog Laser (US), 600 Group (UK), Mecco (US), Laserstar (US), and Novanta (US

This report categorizes the laser marking market on the basis of laser type, end user, offering, and region.

By Laser Type:

  • Fiber Laser
  • Diode Laser
  • Solid State Laser
  • CO2 Laser

By End User:

  • Machine Tools
  • Semiconductor & Electronics
  • Automotive
  • Medical & Healthcare
  • Aerospace & Defense
  • Packaging
  • Others (Apparel & Clothing and Architecture & Designing).

By Offering:

  • Hardware
  • Software
  • Services

By Geography:

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

Major Market Developments

  1. In May 2018, Trumpf (Germany) invested ~USD 27.0 million in its Chinese subsidiary, JFY, and its Chinese division, TRUMPF China, to expand its production capacity and capability.
  2. In January 2018, Jenoptik (Germany) opened an application center in Silicon Valley, US, to leverage its growth in the US.
  3. In April 2016, Gravotech (France) launched the updated version of its engraving software, Gravostyle, which is a management software with application in laser and mechanical engraving machines. This software is supported by the Laserstyle interface and can be used in 3D engraving.

Key questions addressed by the report

  1. Where will all these developments take the industry in the mid to long term?
  2. What are the upcoming trends in the market?
  3. What are the opportunities for the players present now, and those planning to enter at various stages of the value chain?
  4. How will the organic growth strategies implemented by key players impact the growth of the market, and who will have the undue advantage?
  5. What are the emerging industrial applications of laser marking?

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

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Introduction
           2.1.1 Secondary and Primary Research
                    2.1.1.1 Key Industry Insights
                    2.1.1.2 Secondary Data
                    2.1.1.3 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in  Market
    4.2 Market, By Laser Type
    4.3 Market, By Offering
    4.4 Market, By End User
    4.5 Market in APAC, By Country and End User
    4.6 Market, By Country

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Adoption of Laser Marking Across End-User Verticals
                    5.2.1.2 Enhanced Performance of Laser Markers Over Traditional Material Marking Techniques
           5.2.2 Restraints
                    5.2.2.1 High Deployment Cost
           5.2.3 Opportunities
                    5.2.3.1 Increase in Demand for Custom Marking and Engraving
                    5.2.3.2 Increase in Automation Across the Manufacturing Sector
           5.2.4 Challenges
                    5.2.4.1 Regulatory Compliance
    5.3 Value Chain Analysis

6 Laser Marking Market, By Laser Type (Page No. - 42)
    6.1 Introduction
    6.2 Fiber Laser
           6.2.1 Features Such as High Output Power, Flexible Fiber Light, Compact Size, and High Optical Quality Drive Demand for Fiber Laser
    6.3 Diode Laser
           6.3.1 Diode Laser is Well Suited for Ablation Marking, Day/Night Marking, and Heat Affected Zone Applications
    6.4 Solid State Laser
           6.4.1 Yag Laser
                    6.4.1.1 High Thermal Conductivity Makes Yag Laser Suitable for Several Applications
           6.4.2 Neodymium Glass Laser
                    6.4.2.1 Neodymium Glass Lasers Can Be Made Into Several Shapes and Sizes and are More Suited for High Energy Pulsed Operation
           6.4.3 Thin Disk Laser
                    6.4.3.1 Ability to Generate High Peak Power in Picosecond Pulses Boosts This Type’s Demand
    6.5 CO2 Laser
           6.5.1 Wide Range of Commercial, Industrial, and Military Applications Drives Demand for CO2 Laser

7 Laser Marking Market, By Offering (Page No. - 52)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Laser
                    7.2.1.1 Active Laser Medium
                               7.2.1.1.1 Active Laser Medium Acts as A Source of Optical Gain to Produce Population Inversion
                    7.2.1.2 External Energy Source
                               7.2.1.2.1 Laser Markers are Supported Via A Pump Source, Which Transfers Energy From an External Source
                    7.2.1.3 Optical Resonator
                               7.2.1.3.1 Optical Resonators are Used for Guiding the Stimulated Emission Process to Produce A Laser Beam
           7.2.2 Controller
                    7.2.2.1 A Controller is Used to Control the Laser Beam Emitted From the Laser Source
           7.2.3 Filter
                    7.2.3.1 Filters are Used to Filter A Range of Wavelengths for Transmitting Desired Wavelengths and Filtering Out Unwanted Wavelengths
           7.2.4 Rotary Device
                    7.2.4.1 Laser Marking Machines are Supported By A Rotary Device to Work on Rounded Items
           7.2.5 Galvanometer
                    7.2.5.1 Galvanometers are Used to Guide the Beam Within A Limited Area Through A Lens Onto the Surface of the Object
           7.2.6 Power Supply
                    7.2.6.1 Power Supply Provides Energy to All the Devices Installed in A Laser Marking System
    7.3 Software
           7.3.1 Software Enables A Laser Marker to Perform Several Functions, Including Laser Marking of Texts, Logos, Graphics, Data-Matrix Codes, and Barcodes
    7.4 Services
           7.4.1 Both Pre- and Post-Sales Services are Offered By Companies and Their Channel Partners

8 Laser Marking Market, By End User (Page No. - 60)
    8.1 Introduction
    8.2 Machine Tools
           8.2.1 Ability of Laser Markers to Provide Permanent Alphanumeric Details on Objects Drives Their Demand in Machine Tools Manufacturing
    8.3 Semiconductor & Electronics
           8.3.1 Permanent, Solder-Resistant, and Machine-Readable Laser Markings are Used in Pcbs to Ensure Flawless Quality and Guarantee Accurate Identification
    8.4 Automotive
           8.4.1 Laser Marking Systems Find Application in A Variety of Materials for Codes and Contents
    8.5 Medical & Healthcare
           8.5.1 Medical & Healthcare Industry Requires High Precision Lasers for Products to Meet the Stringent Identification and Traceability Guidelines
    8.6 Aerospace & Defense
           8.6.1 Ability to Work With Several Metals Makes Laser Markers Ideal for Aerospace & Defense Vertical
    8.7 Packaging
           8.7.1 Packaging Vertical to Witness the Highest Growth Rate Among End Users
    8.8 Others
           8.8.1 Apparel & Clothing
                    8.8.1.1 Natural Fibers and Synthetic Fabrics are Normally Engraved to Get the Required Design
           8.8.2 Architecture & Designing
                    8.8.2.1 Marking and Engraving of Several Items Such as Wood and Plywood Boost Demand for Laser Marking in Architecture & Designing

9 Geographic Analysis (Page No. - 89)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 US Held Largest Share of Market in North America
           9.2.2 Canada
                    9.2.2.1 Increasing Adoption of Regulation for Label Engraving on Manufactured Products to Support Growth in Demand for Laser Marking Solutions
           9.2.3 Mexico
                    9.2.3.1 Market in Mexico to Grow at the Highest Rate
    9.3 Europe
           9.3.1 Germany
                    9.3.1.1 Germany Held Largest Share of Market in Europe in 2018
           9.3.2 France
                    9.3.2.1 Presence of Prominent Automotive, Aerospace & Defense, and Medical Companies to Drive Demand for Laser Marking
           9.3.3 UK
                    9.3.3.1 Quality Control Application Supporting Growth in Demand for Laser Markers in the Country
           9.3.4 Rest of Europe
                    9.3.4.1 Market in RoE Expected to Witness Highest CAGR in Europe
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 China Held Largest Share of Market in APAC in 2018
           9.4.2 Japan
                    9.4.2.1 Rapid Industrialization and Modernization Expected to Boost Demand for Laser Markers in the Country
           9.4.3 India
                    9.4.3.1 Market in India Expected to Witness Highest CAGR in APAC
           9.4.4 South Korea
                    9.4.4.1 Electronics and Automotive Verticals to Drive Demand for Laser Marking in the Country
           9.4.5 Rest of APAC
                    9.4.5.1 Growth in Manufacturing Activities to Drive Demand for Laser Marking in Rest of APAC
    9.5 Rest of the World
           9.5.1 Middle East and Africa (MEA)
                    9.5.1.1 MEA Held Larger Share of Market in RoW
           9.5.2 South America
                    9.5.2.1 Market in South America Expected to Grow at Higher CAGR in RoW

10 Competitive Landscape (Page No. - 108)
     10.1 Introduction
     10.2 Market Ranking Analysis: Market
     10.3 Competitive Leadership Mapping
             10.3.1 Visionary Leaders
             10.3.2 Innovators
             10.3.3 Dynamic Differentiators
             10.3.4 Emerging Companies
     10.4 Competitive Benchmarking
             10.4.1 Strength of Product Portfolio (25 Companies)
             10.4.2 Business Strategy Excellence (25 Companies)
     10.5 Competitive Scenario
             10.5.1 Expansions
             10.5.2 Product Launches and Developments
             10.5.3 Acquisitions
             10.5.4 Partnerships, Collaborations, Alliances, and Joint Ventures

11 Company Profiles (Page No. - 119)
     11.1 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
             11.1.1 Coherent
             11.1.2 Han's Laser
             11.1.3 Trumpf
             11.1.4 Gravotech
             11.1.5 Jenoptik
             11.1.6 Epilog Laser
             11.1.7 600 Group
             11.1.8 Mecco
             11.1.9 Laserstar
             11.1.10 Novanta
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.2 Other Companies
             11.2.1 IPG Photonics
             11.2.2 Zhejiang Jiatai Laser Science and Technology
             11.2.3 Acsys Lasertechnik
             11.2.4 Panasonic
             11.2.5 Danaher
             11.2.6 Arihant Maxsell Technologies
             11.2.7 Sintec Optronics
             11.2.8 Videojet Technologies
             11.2.9 Lna Laser
             11.2.10 Telesis

12 Appendix (Page No. - 148)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (71 Tables)

Table 1 List of Major Secondary Sources
Table 2 Market, By Laser Type, 2016–2024 (USD Million)
Table 3 Market, By Laser Type, 2016–2024 (Thousand Units)
Table 4 Fiber Laser Marking Market, By End User, 2016–2024 (USD Million)
Table 5 Fiber Laser Marking Market, By Offering, 2016–2024 (USD Million)
Table 6 Diode Laser Marking Market, By End User, 2016–2024 (USD Million)
Table 7 Diode Laser Marking Market, By Offering, 2016–2024 (USD Million)
Table 8 Solid State Laser Marking Market, By End User, 2016–2024 (USD Million)
Table 9 Solid State Laser Marking Market, By Offering, 2016–2024 (USD Million)
Table 10 CO2 Laser Marking Market, By End User, 2016–2024 (USD Million)
Table 11 CO2 Laser Marking Market, By Offering, 2016–2024 (USD Million)
Table 12 Market, By Offering, 2016–2024 (USD Million)
Table 13 Hardware Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 14 Software Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 15 Services Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 16 Market, By End User, 2016–2024 (USD Million)
Table 17 Machine Tools Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 18 Market, By Region, 2016–2024 (USD Million)
Table 19 Market in APAC, By Country, 2016–2024 (USD Million)
Table 20 Market in Europe, By Country, 2016–2024 (USD Million)
Table 21 Market in North America, By Country, 2016–2024 (USD Million)
Table 22 Market in RoW, By Region, 2016–2024 (USD Million)
Table 23 Semiconductor & Electronics Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 24 Market, By Region, 2016–2024 (USD Million)
Table 25 Market in APAC, By Country, 2016–2024 (USD Million)
Table 26 Market in Europe, By Country, 2016–2024 (USD Million)
Table 27 Market in North America, By Country, 2016–2024 (USD Million)
Table 28 Market in RoW, By Region, 2016–2024 (USD Million)
Table 29 Automotive Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 30 Market, By Region, 2016–2024 (USD Million)
Table 31 Market in APAC, By Country, 2016–2024 (USD Million)
Table 32 Market in Europe, By Country, 2016–2024 (USD Million)
Table 33 Market in North America, By Country, 2016–2024 (USD Million)
Table 34 Market in RoW, By Region, 2016–2024 (USD Million)
Table 35 Medical & Healthcare Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 36 Medical & Healthcare Laser Marking Market, By Region, 2016–2024 (USD Million)
Table 37 Market in APAC, By Country, 2016–2024 (USD Million)
Table 38 Market in Europe, By Country, 2016–2024 (USD Million)
Table 39 Market in North America, By Country, 2016–2024 (USD Million)
Table 40 Market in RoW, By Region, 2016–2024 (USD Million)
Table 41 Aerospace & Defense Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 42 Aerospace & Defense Laser Marking Market, By Region, 2016–2024 (USD Million)
Table 43 Aerospace & Defense Laser Marking Market in APAC, By Country, 2016–2024 (USD Million)
Table 44 Aerospace & Defense Laser Marking Market in Europe, By Country, 2016–2024 (USD Million)
Table 45 Aerospace & Defense Laser Marking Market in North America, By Country, 2016–2024 (USD Million)
Table 46 Aerospace & Defense Laser Marking Market in RoW, By Region, 2016–2024 (USD Million)
Table 47 Packaging Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 48 Packaging Laser Marking Market, By Region, 2016–2024 (USD Million)
Table 49 Packaging Laser Marking Market in APAC, By Country, 2016–2024 (USD Million)
Table 50 Packaging Laser Marking Market in Europe, By Country, 2016–2024 (USD Million)
Table 51 Packaging Laser Marking Market in North America, By Country, 2016–2024 (USD Million)
Table 52 Packaging Laser Marking Market in RoW, By Region, 2016–2024 (USD Million)
Table 53 Others Laser Marking Market, By Laser Type, 2016–2024 (USD Million)
Table 54 Others Market, By Region, 2016–2024 (USD Million)
Table 55 Others Market in APAC, By Country, 2016–2024 (USD Million)
Table 56 Others Market in Europe, By Country, 2016–2024 (USD Million)
Table 57 Others Market in North America, By Country, 2016–2024 (USD Million)
Table 58 Others Market in RoW, By Region, 2016–2024 (USD Million)
Table 59 Market, By Region, 2015–2024 (USD Million)
Table 60 Market in North America, By Country, 2016–2024 (USD Million)
Table 61 Market in North America, By End User, 2016–2024 (USD Million)
Table 62 Market in Europe, By Country, 2016–2024 (USD Million)
Table 63 Market in Europe, By End User, 2016–2024 (USD Million)
Table 64 Market in APAC, By Country, 2016–2024 (USD Million)
Table 65 Market in APAC, By End User, 2016–2024 (USD Million)
Table 66 Market in RoW, By Region, 2016–2024 (USD Million)
Table 67 Market in RoW, By End User, 2016–2024 (USD Million)
Table 68 Expansions, 2016–2018
Table 69 Product Launches and Developments, 2016–2018
Table 70 Acquisitions, 2016–2018
Table 71 Partnerships, Collaborations, Alliances, and Joint Ventures, 2016–2018
 
 
List of Figures (56 Figures)
 
Figure 1 Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions for the Research Study
Figure 6 Market, 2016–2024 (USD Million)
Figure 7 By End User, the Machine Tools Segment Held the Largest Share of the Market in 2018
Figure 8 By Laser Type, the Fiber Laser Segment Held the Largest Share of the Market in 2018
Figure 9 By Offering, Hardware Held Largest Share of Market in 2018
Figure 10 APAC held Largest Share of Market in 2018
Figure 11 Increasing Adoption Across End-User Verticals to Propel Market Growth of Laser Marking in Near Future
Figure 12 By Laser Type, CO2 Laser Segment Expected to Hold Largest Share of Market During Forecast Period
Figure 13 By Offering, Hardware Segment Expected to Hold Largest Share of Market Between 2019 and 2024
Figure 14 By End User, Machine Tools Segment Expected to Hold Largest Share of Market By 2024
Figure 15 China Held Largest Share of APAC Market in 2018
Figure 16 China Held Largest Share of Market in 2018
Figure 17 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Laser Subcomponents
Figure 19 Annual Shipment of Industrial Robots, By Region, 2012–2017
Figure 20 Value Chain Analysis: Major Value Added By Original Equipment Manufacturers and Laser Marking System Integrators
Figure 21 Market for Diode Laser to Grow at Highest CAGR During Forecast Period
Figure 22 Machine Tools to Lead Market for Fiber Laser During Forecast Period
Figure 23 Machine Tools to Lead Market for Diode Laser During Forecast Period
Figure 24 Machine Tools to Lead Market for Solid State Laser During Forecast Period
Figure 25 Machine Tools to Lead Market for CO2 Laser During Forecast Period
Figure 26 Market for Services to Grow at Highest CAGR During Forecast Period
Figure 27 Fiber Laser to Lead Market for Hardware During Forecast Period
Figure 28 Laser Marking Software Market for Diode Laser to Grow at Highest CAGR During Forecast Period
Figure 29 Laser Marking Services Market for Diode Laser to Grow at Highest CAGR During Forecast Period
Figure 30 Market for Packaging to Grow at Highest CAGR During Forecast Period
Figure 31 Fiber Laser to Lead Market for Machine Tools During Forecast Period
Figure 32 Fiber Laser to Lead Market for Semiconductor & Electronics During Forecast Period
Figure 33 Fiber Laser to Lead Market for Automotive During Forecast Period
Figure 34 Fiber Laser to Lead Market for Medical & Healthcare During Forecast Period
Figure 35 Fiber Laser to Lead Market for Aerospace & Defense During Forecast Period
Figure 36 Fiber Laser to Lead Market for Packaging During Forecast Period
Figure 37 Fiber Laser to Lead Market for Others During Forecast Period
Figure 38 Geographic Snapshot: Laser Marking Market in India to Grow at Highest CAGR During Forecast Period
Figure 39 RoW to Witness Highest CAGR in Market During Forecast Period
Figure 40 Snapshot of Market in North America
Figure 41 Market in Mexico to Witness Highest CAGR During Forecast Period
Figure 42 Snapshot of Market in Europe
Figure 43 Market in RoE to Witness Highest CAGR During Forecast Period
Figure 44 Snapshot of Market in APAC
Figure 45 Market in India to Witness Highest CAGR During Forecast Period
Figure 46 Market in South America to Witness Higher CAGR During Forecast Period
Figure 47 Major Players in Market Adopted Product Launches as Key Growth Strategy Between 2016 and 2018
Figure 48 Top 5 Companies in Market
Figure 49 Market (Global) Competitive Leadership Mapping, 2018
Figure 50 Market Evolution Framework: Product Launches, Followed By Expansions, Fueled Market Growth (2016–2018)
Figure 51 Coherent: Company Snapshot
Figure 52 Han's Laser: Company Snapshot
Figure 53 Trumpf: Company Snapshot
Figure 54 Jenoptik: Company Snapshot
Figure 55 600 Group: Company Snapshot
Figure 56 Novanta: Company Snapshot

The study involved 4 major activities in estimating the size of the laser marking market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the laser marking market begins with capturing data on revenues of key vendors in the market, through secondary research. This study incorporates extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the laser marking market. Vendor offerings have also been taken into consideration to determine market segmentation. The entire research methodology includes studying annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.

Primary Research

The laser marking market comprises several stakeholders, such as suppliers of standard components and original equipment manufacturers (OEMs). The demand side of this market is characterized by the development of machine tools, semiconductor & electronics, automotive, medical & healthcare, aerospace & defense, packaging, and other end-user verticals. The supply side is characterized by advancements in the types of lasers and diverse offerings. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Laser Marking Market

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the laser marking market and its subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes 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 have been employed, wherever applicable. The data have been triangulated by studying various factors and trends in both the demand and supply sides of the laser marking market.

Research Objective

  • To describe and forecast the laser marking market, in terms of value, by laser type, end user, offering, and region
  • To describe and forecast the laser marking market, in terms of value, by region–Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW), along with their respective countries
  • To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the laser marking market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the laser marking ecosystem
  • To strategically profile key players and comprehensively analyze their market positions in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches, such as product launches, acquisitions, contracts, agreements, and partnerships, in the laser marking market

Available Customizations

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Company Information

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Report Code
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