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Laser Processing Market

Laser Processing Market Size, Share & Segmentation By Product (Gas Lasers, Liquid Lasers, Solid Lasers, Others) By Type (Moving Beam, Fixed Beam, Hybrid Beam) By Configuration (Laser Cutting And Engraving Configuration, Laser Processing Configuration) By Application (Cutting, Welding, Micro processing, Drilling, Marking & Engraving, Additive Manufacturing, Others) By End Use Industry (Microelectronics, Aerospace & Defense, Automotive, Machine Tools, Micromachining, Medical & Life Sciences, Architecture, Others), By Regions And Global Forecast 2023-2030

Report Id: SNS/SEMI/2422 | July 2022 | Region: Global | 134 Pages

Report Scope & Overview:

Laser Processing Market Size was valued at USD 19.05 billion in 2022, and expected to reach USD 37.69 billion by 2030, and grow at a CAGR of 8.9% over the forecast period 2023-2030.

Laser processing is a technique that uses lasers in a variety of industrial and commercial applications. It is used in operations such as cutting, welding, and drilling. Engraving, material processing, marking, and other micro-processing are examples of industrial processes that use laser processing. Laser technology has several advantages over traditional techniques such as plasma, flame, and water jet. Waterjet is used for structuring and ablation, whereas plasma and flame technologies are used for cutting rather than engraving, marking, or drilling. Waterjet, on the other hand, produces a lot of noise while operating, which makes it inconvenient for material processing. Laser technology, on the other hand, can perform all of the aforementioned tasks with minimal noise pollution. Lasers are also used to engrave and mark consumer goods, electronic components, and industrial machinery. This technology is widely used in the automotive, aerospace, original equipment manufacturers (OEM), electronics, medical, packaging, and other end-use industries. All of these factors are contributing to the global expansion of the laser processing market share.

Laser Processing Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Technological advancements in the medical field.

  • Rising demand for high-quality, authentic products.

  • Laser-based material processing is preferred over traditional methods.

RESTRAINTS:

  • Costly deployment.

  • lack of personnel with the necessary technical expertise.

OPPORTUNITIES:

  • Automation is becoming more prevalent in the manufacturing sector.

  • Growing number of application areas are being explored.

  • Custom marking and engraving are in high demand.

CHALLENGES: 

  • Concerns have been raised about the use of rare earth elements in the environment.

  • High-power laser technical complexities.

IMPACT OF COVID-19: 

The COVID-19 pandemic has slowed growth in a number of industries, including automobiles, oil and gas, and others. It has three major effects on the global economy: it has a direct impact on production and demand, it disrupts supply chains and markets, and it has a financial impact on businesses and financial markets. The COVID-19 outbreak has posed a significant strategic threat to electronics and manufacturing companies in recent months. Raw material supply disruptions, temporary manufacturing unit shutdowns, insufficient finance, and weak consumer demand have all harmed the electronics and semiconductor manufacturing industries. All of these factors are impeding the global growth of the laser processing market.

Based on product, the laser processing market is segmented into Gas Lasers, Liquid Lasers, Solid Lasers and Others. The segment of solid lasers is expected to grow at the fastest rate. Solid lasers use less active medium material and produce both continuous and pulsed output with high efficiency. These lasers have numerous applications, including metal drilling, endoscopy in medicine, and military targeting.

Based on configuration, the laser processing market is segmented into Laser Cutting and Engraving Configuration and Laser Processing Configuration. During the forecast period, the hybrid configuration segment is expected to hold the largest share of the laser processing market. Because it provides a constant beam delivery path length and allows for a comparatively simpler beam delivery system, a hybrid system is more efficient than a moving beam system. This is because the hybrid system includes a movable table and a movable head.

Based on end user industry, the laser processing market is segmented into Microelectronics, Aerospace & Defense, Automotive, Machine Tools, Micromachining, Medical & Life Sciences, Architecture and Others. The architecture end-user industry is expected to grow the fastest. Lasers aid architects in creating precise building models. These models can accurately represent the design prior to construction, allowing changes to be made to eliminate flaws or avoid the effects of climatic conditions such as rain, heavy storms, and other unavoidable natural circumstances.

Based on application, the laser processing market is segmented into Cutting, Welding, Microprocessing, Drilling, Marking & Engraving, Additive manufacturing and Others. Based on type, the laser processing market is segmented into Moving beam, Fixed beam and Hybrid beam.

COMPETITIVE LANDSCAPE:

The key players in the laser processing market are Bystronic Laser, Epilog Laser, Newport Corporation, LaserStar Technologies Corporation, Jenoptik Lase, Amand, Coherent, IPG Photonics Corporation, Prima Industries and The Needham Group.

MARKET SEGMENTATION:  

BY PRODUCT

  • Gas Lasers

  • Liquid Lasers

  • Solid Lasers

  • Others

BY TYPE

  • Moving beam

  • Fixed beam

  • Hybrid beam

BY CONFIGURATION

  • Laser Cutting and Engraving Configuration

  • Laser Processing Configuration

BY APPLICATION

  • Cutting

  • Welding

  • Microprocessing

  • Drilling

  • Marking & Engraving

  • Additive manufacturing

  • Others

BY END USER INDUSTRY

  • Microelectronics

  • Aerospace & Defense

  • Automotive

  • Machine Tools

  • Micromachining

  • Medical & Life Sciences

  • Architecture

  • Others

Laser Processing Market Segment Pie Chart

REGIONAL ANALYSIS:

During the forecast period, Asia Pacific (APAC) is expected to account for the largest share of the global laser processing market. China, Japan, South Korea, and India are the major contributors to the APAC market. When compared to other regions, APAC has been the most aggressive in adopting laser processing solutions. High population density, increased R&D investments in technology, and expansion of the manufacturing and electronics sectors are expected to drive market growth in the region.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Laser Processing Market Report Scope
Report Attributes Details
Market Size in 2022 US$ 19.05 Billion
Market Size by 2030 US$ 37.69 Billion
CAGR CAGR 8.9% From 2023 to 2030
Base Year 2021
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Gas Lasers, Liquid Lasers, Solid Lasers, Others)
• By Type (Moving Beam, Fixed Beam, Hybrid Beam)
• By Configuration (Laser Cutting And Engraving Configuration, Laser Processing Configuration)
• By Application (Cutting, Welding, Microprocessing, Drilling, Marking & Engraving, Additive Manufacturing, Others)
• By End Use Industry (Microelectronics, Aerospace & Defense, Automotive, Machine Tools, Micromachining, Medical & Life Sciences, Architecture, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Bystronic Laser, Epilog Laser, Newport Corporation, LaserStar Technologies Corporation, Jenoptik Lase, Amand, Coherent, IPG Photonics Corporation, Prima Industries and The Needham Group.
Key Drivers •Technological advancements in the medical field.
•Rising demand for high-quality, authentic products.
Market Restraints •Costly deployment.
•lack of personnel with the necessary technical expertise.


Frequently Asked Questions (FAQ) :

The market value is expected to reach USD 31 billion by 2028.

The key players in the laser processing market are Bystronic Laser, Epilog Laser, Newport Corporation, LaserStar Technologies Corporation, Jenoptik Lase, Amand, Coherent, IPG Photonics Corporation, Prima Industries and The Needham Group.

Technological advancements in the medical field, Rising demand for high-quality, authentic products and Laser-based material processing is preferred over traditional methods.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Laser Processing Market Segmentation, by product

8.1Introduction

8.2 Gas Lasers

8.3 Liquid Lasers

8.4 Solid Lasers

8.5 Others

 

9. Laser Processing Market Segmentation, by type

9.1Introduction

9.2 Moving beam

9.3 Fixed beam

9.4 Hybrid beam

 

10. Laser Processing Market Segmentation, by configuration

10.1 Introduction

10.2 Laser Cutting and Engraving Configuration

10.3 Laser Processing Configuration

 

11. Laser Processing Market Segmentation, by application

11.1 Introduction

12.2 Microelectronics

12.3 Aerospace & Defense

12.4 Automotive

12.5 Machine Tools

12.6 Micromachining

12.7 Medical & Life Sciences

12.8 Architecture

12.9 Others

 

12. Laser Processing Market Segmentation, by end use industry

12.1 Introduction

12.2 Construction and infrastructure

12.3 Manufacturing

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14.Company Profiles

14.1 The Needham Group.

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Bystronic Laser

14.3 Epilog Laser

14.4 Newport Corporation

14.5 LaserStar Technologies Corporation

14.6 Jenoptik Laser

14.7 Amanda

14.8 Coherent

14.9 IPG Photonics Corporation

14.10 Prima Industries

 

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

 

16.Conclusion

 

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Secondary Research

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