Market Insights:
The Laser Processing Market was valued at USD 17.43 Bn in 2021, at CAGR of 8.9% during the forecast period (2022-2030), and the Market is projected to be worth USD 37.54 Bn by 2030.
Driver:
The increased adoption of Laser Processing in the Electronic Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Laser Processing also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Laser Processing in many sectors also boosts the market growth during the forecast period.
Laser processing is a technique that use a laser beam produced by the thermal effect to perform operations such as laser welding, surface modification, laser cutting, laser marking, laser drilling, and micro-processing. The most frequent forms of projected beams used in laser processing are moving, stationary, or hybrid beams. The most common laser processing techniques include engraving, material processing, micro-processing, and etching.
Laser Processing Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product (Gas lasers, Solid-state lasers, Fiber lasers, Others), By Laser Type (Fixed beam, Moving beam, Hybrid beam), application (Cutting, Marking, Welding, Drilling, Engraving, Additive manufacturing, Others), By End Use (Automotive, Aerospace, Defense, Manufacturing, Semiconductor, Electronics, Medical & life sciences, Packaging, Oil & Gas, Others) and companies (Prima Industries,LaserStar Technologies Corporation,The Needham Group (Needham Coding) ,Jenoptik Laser GmbH,Q-Peak Inc.,ROFIN-SINAR Technologies Inc.,SEI Laser,Trumpf GmbH + Co. KG,Universal Laser Systems Inc.,Xenetech Global Inc.,Trotec Laser GmbH,FOBA,Mitsubishi Electric, Altec GmbH,ALPhANOV,Amada Co. Ltd,Bystronic Laser AG,Coherent Inc.,Epilog Laser Inc.,Eurolaser GmbH,Han’s Laser Technology Industry Group,IPG Photonics Corporation,Newport Corporation (MKS Instruments Inc.).), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 8.9%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 37.54 Billion |
| CAGR (2022-2030) | 8.9% |
| By Product | Gas lasers, Solid-state lasers, Fiber lasers, Others. |
| By Laser Type | Fixed beam, Moving beam, Hybrid beam. |
| By Application | Cutting, Marking, Welding, Drilling, Engraving, Additive manufacturing, Others. |
| By End User | Automotive, Aerospace, Defense, Manufacturing, Semiconductor, Electronics, Medical & life sciences, Packaging, Oil & Gas, Others. |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Prima Industries,LaserStar Technologies Corporation,The Needham Group (Needham Coding) ,Jenoptik Laser GmbH,Q-Peak Inc.,ROFIN-SINAR Technologies Inc.,SEI Laser,Trumpf GmbH + Co. KG,Universal Laser Systems Inc.,Xenetech Global Inc.,Trotec Laser GmbH,FOBA,Mitsubishi Electric, Altec GmbH,ALPhANOV,Amada Co. Ltd,Bystronic Laser AG,Coherent Inc.,Epilog Laser Inc.,Eurolaser GmbH,Han’s Laser Technology Industry Group,IPG Photonics Corporation,Newport Corporation (MKS Instruments Inc.). |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Laser Processing market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Prima Industries, LaserStar Technologies Corporation, The Needham Group (Needham Coding) , Jenoptik Laser GmbH, Q-Peak Inc.,ROFIN-SINAR Technologies Inc.,SEI Laser, Trumpf GmbH + Co. KG, Universal Laser Systems Inc., Xenetech Global Inc., Trotec Laser GmbH, FOBA, Mitsubishi Electric, Altec GmbH, ALPhANOV, Amada Co. Ltd, Bystronic Laser AG, Coherent Inc., Epilog Laser Inc., Eurolaser GmbH, Han’s Laser Technology Industry Group, IPG Photonics Corporation, Newport Corporation (MKS Instruments Inc.).
Market Segment Analysis:
By Product
- Gas lasers
- Solid-state lasers
- Fiber lasers
By Laser Type
- Fixed beam
- Moving beam
- Hybrid beam
By Application
- Cutting
- Marking
- Welding
- Drilling
- Engraving
- Additive manufacturing
By End User
- Automotive
- Aerospace
- Defense
- Manufacturing
- Semiconductor
- Electronics
- Medical & life sciences
- Packaging
- Oil & Gas
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Laser Processing industries in the region.
Key Laser Processing Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Laser Processing Market segments.
– Largest Market Share Held by Industry to Industry for Laser Processing
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Laser Processing Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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