Laser Processing Market Research Report - Global Forecast till 2027

Laser Processing Market Research Report: Information By Product (Gas Lasers, Solid State Lasers, Fiber Lasers and Others), Laser Type (Fixed Beam, Moving Beam and Hybrid Beam), Application (Cutting, Marking, Welding, Drilling, Engraving, Additive Manufacturing and Others), End-User (Automotive, Aerospace & Defense, Manufacturing, Semiconductor & Electronics, Medical & Life Sciences, Packaging, Oil & Gas and Others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/SEM/8683-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2020-2026 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis


Global Laser Processing Market is estimated to reach USD 6.11 Billion by 2026, registering a 7.3% CAGR during the forecast period, 2020–2026.


Laser processing is a non-contact processing technique that uses a laser beam to cut/slice materials that provide the manufacturer with high quality, smooth, and dimensionally accurate cuts. The technique is widely used in applications ranging from micro/nanofabrication techniques to surface treatment, structuring, modification, and controlled surface plastic deformation. This process increases damage resistance of materials and provides composites with no microcracks. Various factors characterize the growth of the global laser processing market. Manufacturers’ inclination towards laser processing techniques over traditional processing techniques is driving the market growth. The rising need for miniaturization of products and microelectronic devices is also expected to fuel the market growth. Moreover, the increasing automation across manufacturing facilities has created growth opportunities in the global laser processing market.


Industry News



  • In July 2020, Hamamatsu Photonics has developed a liquid-crystal spatial light modulator (SLM) that offers the highest pulsed laser power capability up to 400 GW/cm2. This helped users achieve high-throughput and high-precision laser processing of processing-resistant materials such as CFRP used for aircraft and transportation equipment and low-k materials used for 5th generation mobile communication systems (5G).



  • In July 2020, Prima Power Laserdyne has launched a hybrid additive manufacturing machine which combines Directed Energy Deposition (DED) Additive Manufacturing, welding, drilling, and cutting capabilities. The Laserdyne 811 is expected to replace the company’s discontinued and obsolete Laserdyne 780.



  • In July 2020, Mazak Optonics Corp. launched the FT-150 FIBER tube-cutting laser designed for high-speed cutting and reduced non-cutting process to improve cycle times for small to medium diameter tubes. The machine includes a proprietary agile U-Axis to facilitate speed and productivity and utilizes a 2.5D cutting head with focus detection.


Segmentation


Global Laser Processing Market has been segmented based on Product, Laser Type, Application, End-User and Region.


By Product, the global laser processing market has been segmented into gas lasers, solid-state lasers, fiber lasers, and others.


By Laser Type, the global laser processing market has been segmented into fixed beam, moving beam, and hybrid beam.


By Application, the global laser processing market has been segmented into cutting, marking, welding, drilling, engraving, additive manufacturing, and others.


By End User, the global laser processing market has been segmented into automotive, aerospace & defense, manufacturing, semiconductor & electronics, medical & life sciences, packaging, oil & gas, and others.


By Region, the laser processing market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Global Laser Processing Market, 2018–2026 (USD Million)
Laser Processing Market


Source: MRFR Analysis


Regional Analysis


Global Laser Processing Market is estimated to grow at a significant rate during the forecast period, 2020 to 2026. The geographic analysis of laser processing has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East & Africa and South America). Among these regions, the North American region has dominated the laser processing market in 2019 and is likely to maintain its dominance throughout the study period. On the other hand, Asia-Pacific is expected to witness the fastest growth during the forecast period. The increasing demand for custom markings and engraving is expected to anticipate the growth of the Asia-Pacific over the forecast period.


Key Players


MRFR recognizes Altec GmbH (Germany), ALPhANOV (France), Amada Co., Ltd (Japan), Bystronic Laser AG (Switzerland), Coherent Inc. (US), Epilog Laser, Inc. (US), Eurolaser GmbH (Germany), Han's Laser Technology Industry Group Co., Ltd. (China), IPG Photonics Corporation (US), Newport Corporation (MKS Instruments, Inc.) (US), Prima Industries (Italy), LaserStar Technologies Corporation (US), The Needham Group (Needham Coding) (England), Jenoptik Laser GmbH (Germany), Q-Peak Inc. (US), ROFIN-SINAR Technologies Inc. (US), SEI Laser (Italy), Trumpf GmbH + Co. KG (Germany), Universal Laser Systems, Inc. (Japan), Xenetech Global Inc. (US), Trotec Laser GmbH (Austria), FOBA (US), and Mitsubishi Electric (Japan) as the key players in the global laser processing market. These players focus on innovation and, thus, invest in research & development to present a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, which are strategies many business entities leverage to strengthen their reach to the customers.


Intended Audience



  • Investors and Consultants

  • Government Organizations

  • Research/Consultancy Firms

  • Manufacturers

  • Safety Providers

  • Industries



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 6.11 Billion
  CAGR   7.3%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Laser Type, Application, End-User and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Altec GmbH (Germany), ALPhANOV (France), Amada Co., Ltd (Japan), Bystronic Laser AG (Switzerland), Coherent Inc. (US), Epilog Laser, Inc. (US), Eurolaser GmbH (Germany), Han's Laser Technology Industry Group Co., Ltd. (China), IPG Photonics Corporation (US), Newport Corporation (MKS Instruments, Inc.) (US), Prima Industries (Italy), LaserStar Technologies Corporation (US), The Needham Group (Needham Coding) (England), Jenoptik Laser GmbH (Germany), Q-Peak Inc. (US), ROFIN-SINAR Technologies Inc. (US), SEI Laser (Italy), Trumpf GmbH + Co. KG (Germany), Universal Laser Systems, Inc. (Japan), Xenetech Global Inc. (US), Trotec Laser GmbH (Austria), FOBA (US), and Mitsubishi Electric (Japan)
  Key Market Opportunities   Increasing automation across manufacturing facilities.
  Key Market Drivers

  • Manufacturers’ inclination towards laser processing techniques over traditional processing techniques.
  • The rising need for miniaturization of products and microelectronic devices.


  • Frequently Asked Questions (FAQ) :


    The global laser processing market is expected to reach a valuation of USD 6.1 billion by 2026.

    The global laser processing market is expected to exhibit a strong 7.3% CAGR over the forecast period from 2020 to 2026.

    The precision associated with laser processing is the major driver for the market.

    North America is the dominant regional market for laser processing.

    Leading players in the global laser processing market include Amada Co. Ltd., Altec GmbH, Bystronic Laser AG, Coherent Inc., Eurolaser GmbH, Q-Peak Inc., Jenoptik Laser GmbH, and others.