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Global Laser Processing Market: By Product: Gas Lasers, Solid-state Lasers, Fibre Lasers; By Applications: Automotive, Aerospace, Machine Tools, Electronics and Microelectronics, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Laser Processing Market Outlook

The global laser processing market stood at a value of around USD 3.7 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8.20% to reach USD 5.9 billion by 2027.

 

Gas Lasers Segment Based on Product to Hold a Significant Share in the Global Laser Processing Industry

The gas lasers segment based on product accounts for a significant share in the market owing to the various advantages offered by the same. These advantages include high coherence strength, stable central wavelength, high spectral purity, and good quality of beam and alignment, among others.

 

Global Laser Processing Market

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In addition to this, gas lasers are cost-effective and easily available. Over the forecast period, helium-neon (HeNe) lasers are likely to gain traction due to their reliability and high range. Furthermore, there are less-known alternatives to gas lasers, which is a major factor driving the market.

 

The Asia Pacific Accounts for a Significant Share in the Laser Processing Industry

The laser processing industry in the Asia Pacific is driven by the thriving automotive, aerospace, and medical industry, among others. Emerging economies such as China, India, and others are likely to witness a significant penetration of laser technology. Meanwhile, developed economies such as Singapore, Japan, and South Korea, among others have made huge investments in laser technology due to their increasing efforts to modernise the existing infrastructure and the growing automation across the industries in the region.

 

Laser Processing: Market Segmentation

Laser processing is defined as a process in which lasers are applied to carry out various industrial or commercial tasks. These tasks can include laser annealing, cutting, drilling, engraving, machining, marking, and perforating, among others.

Based on product, the market can be segmented into:

  • Gas Lasers
  • Solid-state Lasers
  • Fibre Lasers

The major applications of laser processing include:

  • Automotive
  • Aerospace
  • Machine Tools
  • Electronics and Microelectronics
  • Medical
  • Packaging

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Application of Laser Processing in the Automotive Sector to Boost the Growth of the Laser Processing Industry

The rising application of laser processing in the automotive industry is driving the market. This can be attributed to the rising demand for high-power carbon dioxide lasers for wielding automotive components. In addition to this, the increasing inclination of automobile manufacturers towards implementing laser wielding sheet assemblies as a replacement for resistance spot welding is likely to be a major driving factor in the market. Furthermore, the growing demand for laser processing in the packaging industry owing to the global increase in e-commerce activities is anticipated to augment the market in the forecast period.

 

Key Industry Players in the Global Laser Processing Market

The report gives a detailed analysis of the following key players in the global laser processing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • TRUMPF Inc.
  • Photonics Industries International, Inc. 
  • Amada Co. Ltd.
  • Coherent, Inc.
  • Jenoptik Group
  • LUMIBIRD
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Applications, Region
Breakup by Product Gas Lasers, Solid-state Lasers, Fibre Lasers
Breakup by Applications Automotive, Aerospace, Machine Tools, Electronics and Microelectronics, Medical, Packaging
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered TRUMPF Inc., Photonics Industries International, Inc., Amada Co. Ltd., Coherent, Inc., Jenoptik Group, LUMIBIRD, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Laser Processing Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Laser Processing Historical Market (2017-2021) 
    8.3    Global Laser Processing Market Forecast (2022-2027)
    8.4    Global Laser Processing Market by Product
        8.4.1    Gas Lasers
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Solid-state Lasers
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Fibre Lasers
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Laser Processing Market by Applications
        8.5.1    Automotive
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Aerospace
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Machine Tools
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Electronics and Microelectronics
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Medical
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Packaging
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
    8.6    Global Laser Processing Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    TRUMPF Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Photonics Industries International, Inc. 
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Amada Co. Ltd.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Coherent, Inc.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Jenoptik Group
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    LUMIBIRD
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments


List of Key Figures and Tables

1.    Global Laser Processing Market: Key Industry Highlights, 2017 and 2027
2.    Global Laser Processing Historical Market: Breakup by Product (USD Billion), 2017-2021
3.    Global Laser Processing Market Forecast: Breakup by Product (USD Billion), 2022-2027
4.    Global Laser Processing Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Laser Processing Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Laser Processing Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Laser Processing Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Laser Processing Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Laser Processing Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Laser Processing Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Laser Processing Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Laser Processing Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Laser Processing Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Laser Processing Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Laser Processing Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Laser Processing Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Laser Processing Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Laser Processing Market Structure

Key Questions Answered in the Report

In 2021, the global laser processing market attained a value of nearly USD 3.7 billion.

The market is estimated to grow at a CAGR of 8.20% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 5.9 billion by 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the industry, such as the rising application of laser processing in various industries including automotive, medical, and packaging, increasing focus on improving production efficiency across various operations, and the rapid urbanisation particularly in emerging economies, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the growing technological advancements, coupled with the growing R&D activities to increase efficiency in industrial applications.

Gas lasers, solid-state lasers, and fibre lasers are the major products considered within the market report.

Automotive, aerospace, machine tools, electronics and microelectronics, medical, and packaging are the different laser processing applications.

The major players in the industry are TRUMPF Inc., Photonics Industries International, Inc., Amada Co. Ltd., Coherent, Inc., Jenoptik Group, and LUMIBIRD, among others.

Analyst Review

The global laser processing market attained a value of USD 3.7 billion in 2021, driven by the thriving automotive sector. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 8.20%. The market is projected to reach USD 5.9 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market is divided into gas lasers, solid-state lasers, and fibre lasers. On the basis of application, the market is divided into automotive, aerospace, machine tools, electronics and microelectronics, medical, and packaging. The major regional markets for laser processing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include TRUMPF Inc., Photonics Industries International, Inc., Amada Co. Ltd., Coherent, Inc., Jenoptik Group, and LUMIBIRD, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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