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

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

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Market Structure

3. Market Research Methodology

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat of New Entrants

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of Substitutes

4.1.4. Intensity of Rivalry

4.1.5. Bargaining Power of Suppliers

4.2. Value Chain/Supply Chain of the Global Laser Processing Market

5. Market Overview of the Global Laser Processing Market

5.1. Introduction

5.2. Growth Drivers

5.3. Market Restraints

5.4. Market Opportunities

5.5. Market Challenges

6. Global Laser Processing Market, by Product

6.1. Introduction

6.2. Gas Lasers

6.2.1. Market Estimates & Forecast, 2020–2027

6.2.2. Market Estimates & Forecast, by Region, 2020–2027

6.3. Solid State Lasers

6.3.1. Market Estimates & Forecast, 2020–2027

6.3.2. Market Estimates & Forecast, by Region, 2020–2027

6.4. Fiber Lasers

6.4.1. Market Estimates & Forecast, 2020–2027

6.4.2. Market Estimates & Forecast, by Region, 2020–2027

6.5. Others

6.5.1. Market Estimates & Forecast, 2020–2027

6.5.2. Market Estimates & Forecast, by Region, 2020–2027

7. Global Laser Processing Market, by Laser Type

7.1. Introduction

7.2. Fixed Beam

7.2.1. Market Estimates & Forecast, 2020–2027

7.2.2. Market Estimates & Forecast, by Region, 2020–2027

7.3. Moving Beam

7.3.1. Market Estimates & Forecast, 2020–2027

7.3.2. Market Estimates & Forecast, by Region, 2020–2027

7.4. Hybrid Beam

7.4.1. Market Estimates & Forecast, 2020–2027

7.4.2. Market Estimates & Forecast, by Region, 2020–2027

8. Global Laser Processing Market, by Application

8.1. Introduction

8.2. Cutting

8.2.1. Market Estimates & Forecast, 2020–2027

8.2.2. Market Estimates & Forecast, by Region, 2020–2027

8.3. Marking

8.3.1. Market Estimates & Forecast, 2020–2027

8.3.2. Market Estimates & Forecast, by Region, 2020–2027

8.4. Welding

8.4.1. Market Estimates & Forecast, 2020–2027

8.4.2. Market Estimates & Forecast, by Region, 2020–2027

8.5. Drilling

8.5.1. Market Estimates & Forecast, 2020–2027

8.5.2. Market Estimates & Forecast, by Region, 2020–2027

8.6. Engraving

8.6.1. Market Estimates & Forecast, 2020–2027

8.6.2. Market Estimates & Forecast, by Region, 2020–2027

8.7. Additive Manufacturing

8.8. Others

8.8.1. Market Estimates & Forecast, 2020–2027

8.8.2. Market Estimates & Forecast, by Region, 2020–2027

9. Global Laser Processing Market, by End User

9.1. Introduction

9.2. Automotive

9.2.1. Market Estimates & Forecast, 2020–2027

9.2.2. Market Estimates & Forecast, by Region, 2020–2027

9.3. Aerospace & Defense

9.3.1. Market Estimates & Forecast, 2020–2027

9.3.2. Market Estimates & Forecast, by Region, 2020–2027

9.4. Manufacturing

9.4.1. Market Estimates & Forecast, 2020–2027

9.4.2. Market Estimates & Forecast, by Region, 2020–2027

9.5. Semiconductor & Electronics

9.5.1. Market Estimates & Forecast, 2020–2027

9.5.2. Market Estimates & Forecast, by Region, 2020–2027

9.6. Medical & Life Sciences

9.6.1. Market Estimates & Forecast, 2020–2027

9.6.2. Market Estimates & Forecast, by Region, 2020–2027

9.7. Packaging

9.7.1. Market Estimates & Forecast, 2020–2027

9.7.2. Market Estimates & Forecast, by Region, 2020–2027

9.8. Oil & Gas

9.8.1. Market Estimates & Forecast, 2020–2027

9.8.2. Market Estimates & Forecast, by Region, 2020–2027

9.9. Others

9.9.1. Market Estimates & Forecast, 2020–2027

9.9.2. Market Estimates & Forecast, by Region, 2020–2027

10. Global Laser Processing Market, by Region

10.1. Introduction

10.2. North America

10.2.1. Market Estimates & Forecast, by Country, 2020–2027

10.2.2. Market Estimates & Forecast, by Product, 2020–2027

10.2.3. Market Estimates & Forecast, by Laser Type, 2020–2027

10.2.4. Market Estimates & Forecast, by Application, 2020–2027

10.2.5. Market Estimates & Forecast, by End User, 2020–2027

10.2.6. US

10.2.6.1. Market Estimates & Forecast, by Product, 2020–2027

10.2.6.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.2.6.3. Market Estimates & Forecast, by Application, 2020–2027

10.2.6.4. Market Estimates & Forecast, by End User, 2020–2027

10.2.7. Canada

10.2.7.1. Market Estimates & Forecast, by Product, 2020–2027

10.2.7.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.2.7.3. Market Estimates & Forecast, by Application, 2020–2027

10.2.7.4. Market Estimates & Forecast, by End User, 2020–2027

10.2.8. Mexico

10.2.8.1. Market Estimates & Forecast, by Product, 2020–2027

10.2.8.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.2.8.3. Market Estimates & Forecast, by Application, 2020–2027

10.2.8.4. Market Estimates & Forecast, by End User, 2020–2027

10.3. Europe

10.3.1. Market Estimates & Forecast, by Country, 2020–2027

10.3.2. Market Estimates & Forecast, by Product, 2020–2027

10.3.3. Market Estimates & Forecast, by Laser Type, 2020–2027

10.3.4. Market Estimates & Forecast, by Application, 2020–2027

10.3.5. Market Estimates & Forecast, by End User, 2020–2027

10.3.6. UK

10.3.6.1. Market Estimates & Forecast, by Product, 2020–2027

10.3.6.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.3.6.3. Market Estimates & Forecast, by Application, 2020–2027

10.3.6.4. Market Estimates & Forecast, by End User, 2020–2027

10.3.7. Germany

10.3.7.1. Market Estimates & Forecast, by Product, 2020–2027

10.3.7.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.3.7.3. Market Estimates & Forecast, by Application, 2020–2027

10.3.7.4. Market Estimates & Forecast, by End User, 2020–2027

10.3.8. France

10.3.8.1. Market Estimates & Forecast, by Product, 2020–2027

10.3.8.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.3.8.3. Market Estimates & Forecast, by Application, 2020–2027

10.3.8.4. Market Estimates & Forecast, by End User, 2020–2027

10.3.9. Italy

10.3.9.1. Market Estimates & Forecast, by Product, 2020–2027

10.3.9.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.3.9.3. Market Estimates & Forecast, by Application, 2020–2027

10.3.9.4. Market Estimates & Forecast, by End User, 2020–2027

10.3.10. Rest of Europe

10.3.10.1. Market Estimates & Forecast, by Product, 2020–2027

10.3.10.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.3.10.3. Market Estimates & Forecast, by Application, 2020–2027

10.3.10.4. Market Estimates & Forecast, by End User, 2020–2027

10.4. Asia-Pacific

10.4.1. Market Estimates & Forecast, by Country, 2020–2027

10.4.2. Market Estimates & Forecast, by Product, 2020–2027

10.4.3. Market Estimates & Forecast, by Laser Type, 2020–2027

10.4.4. Market Estimates & Forecast, by Application, 2020–2027

10.4.5. Market Estimates & Forecast, by End User, 2020–2027

10.4.6. China

10.4.6.1. Market Estimates & Forecast, by Product, 2020–2027

10.4.6.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.4.6.3. Market Estimates & Forecast, by Application, 2020–2027

10.4.6.4. Market Estimates & Forecast, by End User, 2020–2027

10.4.7. Japan

10.4.7.1. Market Estimates & Forecast, by Product, 2020–2027

10.4.7.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.4.7.3. Market Estimates & Forecast, by Application, 2020–2027

10.4.7.4. Market Estimates & Forecast, by End User, 2020–2027

10.4.8. India

10.4.8.1. Market Estimates & Forecast, by Product, 2020–2027

10.4.8.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.4.8.3. Market Estimates & Forecast, by Application, 2020–2027

10.4.8.4. Market Estimates & Forecast, by End User, 2020–2027

10.4.9. Rest of Asia-Pacific

10.4.9.1. Market Estimates & Forecast, by Product, 2020–2027

10.4.9.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.4.9.3. Market Estimates & Forecast, by Application, 2020–2027

10.4.9.4. Market Estimates & Forecast, by End User, 2020–2027

10.5. Rest of the World

10.5.1. Market Estimates & Forecast, by, Country, 2020–2027

10.5.2. Market Estimates & Forecast, by Product, 2020–2027

10.5.3. Market Estimates & Forecast, by Laser Type, 2020–2027

10.5.4. Market Estimates & Forecast, by Application, 2020–2027

10.5.5. Market Estimates & Forecast, by End User, 2020–2027

10.5.6. The Middle East & Africa

10.5.6.1. Market Estimates & Forecast, by Product, 2020–2027

10.5.6.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.5.6.3. Market Estimates & Forecast, by Application, 2020–2027

10.5.6.4. Market Estimates & Forecast, by End User, 2020–2027

10.5.7. South America

10.5.7.1. Market Estimates & Forecast, by Product, 2020–2027

10.5.7.2. Market Estimates & Forecast, by Laser Type, 2020–2027

10.5.7.3. Market Estimates & Forecast, by Application, 2020–2027

10.5.7.4. Market Estimates & Forecast, by End User, 2020–2027

11. Company Profiles

11.1. Altec GmbH

11.1.1. Company Overview

11.1.2. Product/Business Segment Overview

11.1.3. Financial Updates

11.1.4. Key Developments

11.1.5. SWOT Analysis

11.1.6. Key Strategies

11.2. ALPhANOV

11.2.1. Company Overview

11.2.2. Product/Business Segment Overview

11.2.3. Financial Updates

11.2.4. Key Developments

11.2.5. SWOT Analysis

11.2.6. Key Strategies

11.3. Bystronic Laser AG

11.3.1. Company Overview

11.3.2. Product/Business Segment Overview

11.3.3. Financial Updates

11.3.4. Key Developments

11.3.5. SWOT Analysis

11.3.6. Key Strategies

11.4. Coherent Inc.

11.4.1. Company Overview

11.4.2. Product/Business Segment Overview

11.4.3. Financial Updates

11.4.4. Key Developments

11.4.5. SWOT Analysis

11.4.6. Key Strategies

11.5. Epilog Laser, Inc.

11.5.1. Company Overview

11.5.2. Product/Business Segment Overview

11.5.3. Financial Updates

11.5.4. Key Developments

11.5.5. SWOT Analysis

11.5.6. Key Strategies

11.6. Eurolaser GmbH

11.6.1. Company Overview

11.6.2. Product/Business Segment Overview

11.6.3. Financial Updates

11.6.4. Key Developments

11.6.5. SWOT Analysis

11.6.6. Key Strategies

11.7. IPG Photonics Corporation

11.7.1. Company Overview

11.7.2. Product/Business Segment Overview

11.7.3. Financial Updates

11.7.4. Key Developments

11.7.5. SWOT Analysis

11.7.6. Key Strategies

11.8. LaserStar Technologies Corporation

11.8.1. Company Overview

11.8.2. Product/Business Segment Overview

11.8.3. Financial Updates

11.8.4. Key Developments

11.8.5. SWOT Analysis

11.8.6. Key Strategies

11.9. Jenoptik Laser GmbH

11.9.1. Company Overview

11.9.2. Product/Business Segment Overview

11.9.3. Financial Updates

11.9.4. Key Developments

11.9.5. SWOT Analysis

11.9.6. Key Strategies

11.10. Q-Peak Inc.

11.10.1. Company Overview

11.10.2. Product/Business Segment Overview

11.10.3. Financial Updates

11.10.4. Key Developments

11.10.5. SWOT Analysis

11.10.6. Key Strategies

11.11. ROFIN-SINAR Technologies Inc.

11.11.1. Company Overview

11.11.2. Product/Business Segment Overview

11.11.3. Financial Updates

11.11.4. Key Developments

11.11.5. SWOT Analysis

11.11.6. Key Strategies

11.12. SEI Laser

11.12.1. Company Overview

11.12.2. Product/Business Segment Overview

11.12.3. Financial Updates

11.12.4. Key Developments

11.12.5. SWOT Analysis

11.12.6. Key Strategies

11.13. Trumpf GmbH + Co. KG

11.13.1. Company Overview

11.13.2. Product/Business Segment Overview

11.13.3. Financial Updates

11.13.4. Key Developments

11.13.5. SWOT Analysis

11.13.6. Key Strategies

11.14. Universal Laser Systems, Inc.

11.14.1. Company Overview

11.14.2. Product/Business Segment Overview

11.14.3. Financial Updates

11.14.4. Key Developments

11.14.5. SWOT Analysis

11.14.6. Key Strategies

11.15. Trotec Laser GmbH

11.15.1. Company Overview

11.15.2. Product/Business Segment Overview

11.15.3. Financial Updates

11.15.4. Key Developments

11.15.5. SWOT Analysis

11.15.6. Key Strategies

12. Conclusion


LIST OF TABLES

Table1 Global Laser Processing Market, by Country, 2020-2027

Table2 North America: Laser Processing Market, by Country, 2020–2027

Table3 Europe: Laser Processing Market, by Country, 2020–2027

Table4 Asia-Pacific: Laser Processing Market, by Country, 2020–2027

Table5 Rest of the World: Laser Processing Market, by Country, 2020–2027

Table6 North America: Laser Processing Market, by Country, 2020–2027

Table7 North America: Laser Processing Market, by Product, 2020–2027

Table8 North America: Laser Processing Market, by Laser Type, 2020–2027

Table9 North America: Laser Processing Market, by Application, 2020–2027

Table10 North America: Laser Processing Market, by End User, 2020–2027

Table11 Europe: Laser Processing Market, by Country, 2020–2027

Table12 Europe: Laser Processing Market, by Product, 2020–2027

Table13 Europe: Laser Processing Market, by Laser Type, 2020–2027

Table14 Europe: Laser Processing Market, by Application, 2020–2027

Table15 Europe: Laser Processing Market, by End User, 2020–2027

Table16 Asia-Pacific: Laser Processing Market, by Country, 2020–2027

Table17 Asia-Pacific: Laser Processing Market, by Product, 2020–2027

Table18 Asia-Pacific: Laser Processing Market, by Laser Type, 2020–2027

Table19 Asia-Pacific: Laser Processing Market, by Application, 2020–2027

Table20 Asia-Pacific Laser Processing Market, by End User, 2020–2027

Table21 Rest of the World: Laser Processing Market, by Country, 2020–2027

Table22 Rest of the World: Laser Processing Market, by Product, 2020–2027

Table23 Rest of the World: Laser Processing Market, by Laser Type, 2020–2027

Table24 Rest of the World: Laser Processing Market, by Application, 2020–2027

Table25 Rest of the World: Laser Processing Market, by End User, 2020–2027


LIST OF FIGURES

Figure 1 Global Laser Processing Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of the Global Laser Processing Market

Figure 4 Value Chain of the Global Laser Processing Market

Figure 5 Share of the Global Laser Processing Market in 2020, by Country (in %)

Figure 6 Global Laser Processing Market, 2020–2027

Figure 7 Share of the Global Laser Processing Market by Industry, 2020–2027

Figure 8 Global Laser Processing Market Size, by Product, 2020

Figure 9 Share of the Global Laser Processing Market, by Product, 2020–2027

Figure 10 Global Laser Processing Market Size, by Laser Type, 2020

Figure 11 Share of the Global Laser Processing Market, by Laser Type, 2020–2027

Figure 12 Global Laser Processing Market Size, by Application, 2020

Figure 13 Share of the Global Laser Processing Market, by Application, 2020–2027

Figure 14 Global Laser Processing Market Size, by End User, 2020

Figure 15 Share of the Global Laser Processing Market, by End User, 2020–2027

Laser Processings Market