Laser Processing Market

The laser processing market was valued at USD 7.17 billion in 2025 and is projected to reach USD 11.89 billion by 2032, registering a CAGR of 8.5% during the forecast period. In the laser processing industry, which navigates a highly competitive landscape, companies use new technology to improve precision and efficiency by focusing on automation and smart manufacturing. Companies are also utilizing customer-centric approaches by using data analysis to make better decisions.

Some of the major players in the laser processing market with significant global presence include Coherent Corp. (US), TRUMPF (Germany), Han's Laser Technology Industry Group Co., Ltd. (China), IPG Photonics Corporation (US), and JENOPTIK AG (Germany). These companies offer various laser processing tailored to diverse industries, including healthcare, microelectronics, and automotive. New product launches, collaborations, expansions, and acquisitions were key strategies adopted by players to enhance their product portfolios, increase their market share, and expand their presence. In addition, many of these players are focusing on integrating advanced technologies such as AI-integrated laser systems and industrial automation to enhance product performance and efficiency.  

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Major Laser Processing Companies Include:

• Coherent Corp. (US)
• TRUMPF (Germany)
• Han's Laser Technology Industry Group Co., Ltd. (China)
• IPG Photonics Corporation (US)
• JENOPTIK AG (Germany)
• Fives (France)
• AXBIS (South Korea)
• Lumentum Operations LLC (US)
• Gravotech, Inc. (France)
• Laser Star Technologies (US)
• LUMIBIRD (France)
• Epilog Laser (US)
• MKS Instruments (US)
• Novanta Inc. (US)
• eurolaser GmbH (Germany)
• 600 Group PLC (UK.)

In October 2024, Coherent Corp. launched the ARM FL20D, a 20 kW dual ring beam fiber laser that enables faster, filler-free welding with high quality in demanding materials like cast aluminum. It delivers superior process control and efficiency for the automotive, aerospace, and energy industries.

In September 2024, TRUMPF launched the TruLaser Series 3000 Bevel Cut Edition, a laser cutting machine that simultaneously cuts and bevels sheet metal up to 1 inch thick, streamlining weld prep and reducing downstream processes.

Coherent Corp. is a global leader in advanced materials, lasers, and networking technologies, serving diverse markets such as industrial, communications, electronics, and instrumentation. The company began by focusing on manufacturing high-quality materials and optics for industrial lasers. Over the decades, it has evolved into a technology powerhouse that enables innovation across critical sectors. The Lasers segment provides advanced laser and optics products for semiconductors and display equipment, precision manufacturing, aerospace & defense, and life sciences. The company’s laser processing-related products are integral to its Lasers segment, addressing demanding industrial and research requirements worldwide.

TRUMPF is a globally recognized leader in machine tools and laser technology for industrial manufacturing. Established with a mission to enhance and digitally connect production processes, TRUMPF is dedicated to making manufacturing more efficient, precise, and future-ready. With strong competencies in industrial electronics and smart factory technologies, TRUMPF plays a pivotal role in shaping the industrial sector. Its approach combines advanced engineering with a deep commitment to enabling next-generation production technologies. The Laser Technology segment provides a broad range of lasers for cutting, welding, marking, surface treatment, and additive manufacturing. The EUV segment focuses on CO2 laser systems for extreme ultraviolet lithography used in semiconductor manufacturing.

Market Ranking

The laser processing market is growing at a significant rate, with leading major players such as Coherent Corp. (US), TRUMPF (Germany), Han's Laser Technology Industry Group Co., Ltd. (China), IPG Photonics Corporation (US), and JENOPTIK AG (Germany) actively contributing to its growth. Among the leading players, Coherent and TRUMPF are prominent in the automotive and microelectronics industry, while Han’s Laser focuses on the packaging and jewelry & gifting industries. IPG Photonics leverages its deep expertise in materials science and engineering to develop proprietary fiber laser solutions for welding, micro-processing, additive manufacturing, and other industrial uses.

Related Reports:

Laser Processing Market by Laser type (Fiber, Ruby, YAG, Semiconductor, Thin-disk, CO2, Excimer, Helium-neon, Argon, Chemical, Liquid, X-ray, Photonic Crystal, Short-pulse), Configuration (Fixed, Moving, Hybrid), Component - Global Forecast to 2032

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