Laser Processing Market Research Report Data by Revenue (Laser Revenue, System Revenue) Laser Type (Gas Lasers, Solid Lasers, Liquid Lasers) Configuration (Laser Processing Configuration, Laser Cutting and Engraving Configuration) End-Use (Microelectronics, Micromachining, Aerospace & Defense, Medical & Life Sciences, Automotive, Architecture, Machine Tools) Region (North America, Asia Pacific, Europe, South America, Middle East & Africa), Global Trends and Forecast from 2024 to 2030

Laser Processing Market Outlook (2024 to 2030)

The global laser processing market is expected to grow at a 4.29% CAGR from 2024 to 2030. It is expected to reach above USD 6.13 billion by 2030 from USD 4.2 billion in 2023.

Laser processing is beneficial in laser welding, laser cutting, surface modification, laser drilling, and microprocessing. It employs moving, stationary, or hybrid projected beams for engraving, etching, micro processing, and material processing.

It is a non-contact processing technology that gives high-quality, smooth, and dimensionally correct cuts to the maker. It also enhances material damage resistance and provides composites with minimal microcracks, making it more popular than standard processing processes.

The laser processing technology is now widely utilized for punching, cutting, scribing, welding, and heat treatments in the automotive, aerospace and military, architectural, packaging, and telecommunications sectors. Laser processing is commonly used in the production of electronic components and parts.

Growth Drivers

The increasing usage of laser technology in the industrial sector for a variety of material processing applications such as welding, cutting, engraving, and drilling is expected to drive market expansion, particularly in the machine tools application market.

The significant advantages of laser processing over conventional material processing methods are driving the worldwide laser processing market. Laser processing is a permanent, quicker, and more precise method of marking and engraving, with great efficiency, improved beam quality, and dependability.

Aside from that, the growing trend of product miniaturization and microelectronic device miniaturization is supporting market expansion. Furthermore, laser processing technology is increasingly being used in the manufacture of medical equipment such as pacemakers, implanted devices, and surgical instruments.

Furthermore, technical developments have improved the edge quality and cutting speed of laser processing. For example, Hamamatsu Photonics’ invention of a liquid-crystal spatial light modulator (SLM) with the greatest pulsed laser power capabilities of up to 400 GW/cm2 is assisting users in achieving high-throughput and high-precision laser processing.

Furthermore, the use of costly laser-drilling techniques in oil and gas exploration, which lower drilling costs and enhance the viability of uneconomic oil reserves throughout the world, is likely to boost market expansion.

Aside from the medical industry, laser processing is finding increasing use in the automobile, semiconductor, aerospace, and electronics industries. 

Aside from the medical industry, laser processing is finding increasing use in the automobile, semiconductor, aerospace, and electronics industries. Laser processing is commonly used in the production of electronic components and parts.

The increasing usage of laser technology in the industrial sector for a variety of material processing applications such as welding, cutting, engraving, and drilling is expected to drive market expansion, particularly in the machine tools application market. Rising demand for machine tool production, as well as increasing applications in the oil and gas and automotive industries, are likely to drive expansion in the worldwide laser processing market.

Because of its rapid processing rates and high-quality cutting edges, laser cutting technology is employed in manufacturing processes in the automobile sector.

Increased demand for wireless-enabled gadgets, mobile devices, and telecom equipment, as well as increased commercialization of laser-based photovoltaic (PV) modules with better throughput, enhanced module efficiencies, and lower processing costs, are also driving market expansion.

Restraining Factor

The installation of laser technology is a complex and costly process, with the market growth influenced by the vast resources required for various applications. Traditional plasma cutting costs around USD 5,000 annually, while laser processing and cutting equipment costs around $10,000. Despite the decrease in product costs, laser technology remains quite expensive.

Top Key Players Profiled in the Laser Processing Market

From large companies to small ones, many companies are actively working in the laser processing market. These key players include Coherent, Trumpf, Han’s Laser, IPG Photonics, Jenoptik, Lumentum, Gravotech, LaserStar, Lumibird, Epilog Laser, Altec GmbH, Alpha Nov laser, Amada Co. Bystronic Laser AG, Epilog Laser Inc., Eurolaser GmbH, Han’s Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Newport Corporation (MKS Instruments Inc.), LaserStar Technologies Corporation, IPG Photonics Corporation, Newport Corporation, Universal Laser Systems Inc., Xenetech Global Inc, and others.

Companies are mainly in laser processing they are competing closely with each other. Innovation is one of the most important key strategies as it has to be for any market. However, companies in the market have also opted for and successfully driven inorganic growth strategies like mergers & acquisitions, and so on.

New Developments

• June 14, 2023, Coherent Introduces New Ph20 Smartweld+ Laser Processing Heads For Precision Welding At High Speeds In Ev Applications.
• September 11, 2023, IPG Photonics Launches New Dual-Beam Laser with the Highest Single-Mode Core Power at The Battery Show in Novi, Michigan
• In March 2022, MADA entered the European market with its ENSIS-6225AJ fiber laser cutting equipment.
• The newest ranges of TruMicro ultrashort pulse lasers, the TruMicro 6000 and TruMicro 2000, were unveiled by TRUMPF in April 2022. The product range provides new technological platforms that increase versatility and provide accurate power. Additionally, the two most recent generations of TruMicro lasers would expand the product line for microprocessing and offer solutions to satisfy the market’s high demands.
• In March 2022, Mitsubishi Electric Corporation, a leading Japanese multinational electronics & electrical equipment manufacturer, announced the launch of two new wire-laser metal 3D printers. The AZ600 is available in two models: the AZ600-F20 and the AZ600-F40.
• In January 2020, Trumpf (Germany) has bought a minority share in GLOphotonics, a laser technology business located in France.
• In November 2019, Coherent (US) has introduced a switchable adjustable ring mode (ARM) fibre laser that can power two independent processes or workstations sequentially.
• In August 2019, Han’s Laser (China) has introduced a multi-axis ultrafast micromachining system that can regulate laser rotation as well as X,Y,Z motion in three directions.
• In November 2018, IPG Photonics (US) bought Genesis, a robotic systems integrator located in the United States, to expand its laser processing solutions into the transportation, industrial, and aerospace end-user industries.

Covid-19 Impact

In Recent Years many countries faced strict lockdowns due to the covid-19 pandemic. These lockdowns have resulted in the partial or complete shutdown of manufacturing facilities. The shutdown of manufacturing facilities had a major impact on the consumption of materials.

This led to reduced transportation resulting in a slowing down of updating the railway system. However, with the ease of lockdown manufacturing sector is expected to return to its normal growth. The global laser processing market is crowded with established players.

These players have a commanding say in the market. The Configuration used in the laser processing market is proprietary and needs long-term research and development planning implemented efficiently.

Laser Processing Market Segmentation Analysis

On the basis of revenue, the laser processing market is segmented into laser revenue and system revenue. During the projection period, the system revenue segment is expected to have a bigger market share. System revenue includes sales of laser processing systems for marking and engraving, welding and brazing, cutting and scribing, drilling, cladding & coating, annealing, material removal, and other multi-function laser processing systems.

Based on laser type, the laser processing market is divided into gas lasers, solid lasers, and liquid lasers. The category of solid lasers is predicted to increase at the fastest rate.

Solid lasers use less active medium material and provide both continuous and pulsed output with great efficiency. These lasers have a wide range of uses, including drilling holes in metals, endoscopy in medicine, and military targeting.

On the basis of configuration, the laser processing market is segmented into laser processing configuration, laser cutting, and engraving configuration. During the forecast period, the hybrid configuration segment is expected to have the greatest share of the laser processing market.

Because it maintains a consistent beam delivery route length and allows for a comparably simpler beam delivery system, a hybrid system is more efficient than a moving beam system. This is because the hybrid system includes a moving table and a movable head.

Based on End-Use, the laser processing market is divided into microelectronics, micromachining, aerospace & defense, medical & life sciences, automotive, architecture, and machine tools. The architectural end-user industry is predicted to expand the fastest.

Lasers aid architects in constructing exact construction models. These models may precisely portray the design prior to construction, allowing revisions to be made to eliminate defects or prevent the effects of climatic factors such as rain, large storms, and other unavoidable natural situations.

Laser Processing Market Country-wise Insights

Its major share is occupied by Asia Pacific, North America, Middle East & Africa (MEA), and Europe. Asia Pacific shares 41% of the total market. The factors contributing to the region’s market growth include the increasing number of laser processing production in plants and the rapid usage of laser processing. The market in the region is expanding as a result of increased foreign investment due to low labor costs and the availability of raw resources.

Key Market Segments: Laser Processing Market

Laser Processing Market by Revenue

• Laser Revenue
• System Revenue

Laser Processing Market by Laser Type

• Gas Lasers
• Solid Lasers
• Liquid Lasers

Laser Processing Market by Configuration

• Laser Processing Configuration
• Laser Cutting and Engraving Configuration

Laser Processing Market by End-Use

• Microelectronics
• Micromachining
• Aerospace & Defense
• Medical & Life Sciences
• Automotive
• Architecture
• Machine Tools

Frequently asked questions with answers

What are the growth opportunities in laser processing market, globally?

The increased need for lasers in numerous industries will generate considerable market expansion.

What is the CAGR of laser processing market?

The global laser processing market registered a CAGR of 4.29% from 2023 to 2030.

Which are the top companies to hold the market share in the laser processing market?

Key players profiled in the report include Coherent, Trumpf, Han’s Laser, IPG Photonics, Jenoptik, Lumentum, Gravotech, LaserStar, Lumibird, Epilog Laser, Altec GmbH, Alpha Nov laser, Amada Co. Bystronic Laser AG, Epilog Laser Inc., Eurolaser GmbH, Han’s Laser Technology Industry Group Co. Ltd., IPG Photonics Corporation, Newport Corporation (MKS Instruments Inc.), LaserStar Technologies Corporation, IPG Photonics Corporation, Newport Corporation, Universal Laser Systems Inc., Xenetech Global Inc.

Which is the largest regional market for laser processing market?

Asia Pacific holds the largest regional market for the laser processing market.

What are the key factors hampering the growth of the market?

Stringent government regulations will hinder the growth of the market.

Table of Content

1. Introduction
1. Market Definition
2. Market Segmentation
3. Research Timelines
4. Assumptions and Limitations
2. Research Methodology
1. Data Mining
1. Secondary Research
2. Primary Research
3. Subject-Matter Experts’ Advice
2. Quality Checks
1. Final Review
3. Data Triangulation
1. Bottom-Up Approach
2. Top-Down Approach
3. Research Flow
4. Data Sources
3. Executive Summary
4. Market Overview
1. Global Market Outlook
1. Market Drivers
2. Market Restraints
3. Market Opportunities
2. Impact of Covid-19 On Global Laser Processing Market
5. Global Market by Revenue, (USD Million)
1. Laser Revenue
2. System Revenue
6. Global Laser Processing Market by Laser Type, (USD Million)
1. Gas Lasers
2. Solid Lasers
3. Liquid Lasers
7. Global Laser Processing Market by Configuration, (USD Million)
1. Configuration
2. Laser Cutting and Engraving Configuration
8. Global Laser Processing Market by End-Use, (USD Million)
1. Microelectronics
2. Micromachining
3. Aerospace & Defense
4. Medical & Life Sciences
5. Automotive
6. Architecture
7. Machine Tools
9. Global Laser Processing Market by Region, (USD Million)
1. Introduction
2. Asia-Pacific
1. China
2. India
3. Japan
4. South Korea
5. Australia
6. South-East Asia
7. Rest of Asia-Pacific
3. North America
1. United States
2. Canada
3. Mexico
4. Europe
1. Germany
2. United Kingdom
3. France
4. Italy
5. Spain
6. Russia
7. Rest of Europe
5. South America
1. Brazil
2. Argentina
3. Colombia
4. Rest of South America
6. Middle East and Africa
1. UAE
2. Saudi Arabia
3. South Africa
4. Rest of Middle East and Africa

1. Company Profiles

10.1.     Coherent

10.2.     Trumpf

10.3.     Han’s Laser

10.4.     IPG Photonics

10.5.     Jenoptik

10.6.     Lumentum

10.7.     Gravotech

10.8.     LaserStar

10.9.     Lumibird

10.10.   Epilog Laser

10.11.   Altec GmbH

10.12.   Alpha Nov laser

10.13.   Amada Co. Ltd.

10.14.   Bystronic Laser AG

10.15.   Epilog Laser Inc.

10.16.   Eurolaser GmbH

10.17.   Han’s Laser Technology Industry Group Co. Ltd.

10.18.   IPG Photonics Corporation

10.19.   Newport Corporation (MKS Instruments Inc.)

10.20.   LaserStar Technologies Corporation

10.21.   IPG Photonics Corporation

10.22.   Newport Corporation

10.23.   Universal Laser Systems Inc.

10.24.   Xenetech Global Inc.

List of Tables    

Table 1               Global Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 2               Global Laser Processing Market By Filter Media (USD Millions) 2023-2030

Table 3               Global Laser Processing Market By End User (USD Millions) 2023-2030

Table 4               Global Market By Region (USD Millions) 2023-2030

Table 5               US Market By Fabric Material (USD Millions) 2023-2030

Table 6               Us Market By Filter Media (USD Millions) 2023-2030

Table 7               Us Market By End User (USD Millions) 2023-2030

Table 8               Canada Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 9               Canada Market By Filter Media (USD Millions) 2023-2030

Table 10              Canada Market By End User (USD Millions) 2023-2030

Table 11              Mexico Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 12              Mexico Market By Filter Media (USD Millions) 2023-2030

Table 13              Mexico Market By End User (USD Millions) 2023-2030

Table 14              Brazil Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 15              Brazil Market By Filter Media (USD Millions) 2023-2030

Table 16              Brazil Market By End User (USD Millions) 2023-2030

Table 17              Argentina Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 18              Argentina Market By Filter Media (USD Millions) 2023-2030

Table 19              Argentina Market By End User (USD Millions) 2023-2030

Table 20              Colombia Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 21              Colombia Market By Filter Media (USD Millions) 2023-2030

Table 22              Colombia Market By End User (USD Millions) 2023-2030

Table 23              Rest Of South America Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 24              Rest Of South America Market By Filter Media (USD Millions) 2023-2030

Table 25              Rest Of South America Market By End User (USD Millions) 2023-2030

Table 26              India Market By Fabric Material (USD Millions) 2023-2030

Table 27              India Market By Filter Media (USD Millions) 2023-2030

Table 28              India Market By End User (USD Millions) 2023-2030

Table 29              China Market By Fabric Material (USD Millions) 2023-2030

Table 30              China Market By Filter Media (USD Millions) 2023-2030

Table 31              China Market By End User (USD Millions) 2023-2030

Table 32              Japan Market By Fabric Material (USD Millions) 2023-2030

Table 33              Japan Market By Filter Media (USD Millions) 2023-2030

Table 34              Japan Market By End User (USD Millions) 2023-2030

Table 35              South Korea Market By Fabric Material (USD Millions) 2023-2030

Table 36              South Korea Market By Filter Media (USD Millions) 2023-2030

Table 37              South Korea Market By End User (USD Millions) 2023-2030

Table 38              Australia Market By Fabric Material (USD Millions) 2023-2030

Table 39              Australia Market By Filter Media (USD Millions) 2023-2030

Table 40              Australia Market By End User (USD Millions) 2023-2030

Table 41              South-East Asia Market By Fabric Material (USD Millions) 2023-2030

Table 42              South-East Asia Market By Filter Media (USD Millions) 2023-2030

Table 43              South-East Asia Market By End User (USD Millions) 2023-2030

Table 44              Rest Of Asia Pacific Market By Fabric Material (USD Millions) 2023-2030

Table 45              Rest Of Asia Pacific Market By Filter Media (USD Millions) 2023-2030

Table 46              Rest Of Asia Pacific Market By End User (USD Millions) 2023-2030

Table 47              Germany Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 48              Germany Market By Filter Media (USD Millions) 2023-2030

Table 49              Germany Market By End User (USD Millions) 2023-2030

Table 50              Uk Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 51              Uk Market By Filter Media (USD Millions) 2023-2030

Table 52              Uk Market By End User (USD Millions) 2023-2030

Table 53              France Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 54              France Market By Filter Media (USD Millions) 2023-2030

Table 55              France Market By End User (USD Millions) 2023-2030

Table 56              Italy Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 57              Italy Market By Filter Media (USD Millions) 2023-2030

Table 58              Italy Market By End User (USD Millions) 2023-2030

Table 59              Spain Market By Fabric Material (USD Millions) 2023-2030

Table 60              Spain Market By Filter Media (USD Millions) 2023-2030

Table 61              Spain Market By End User (USD Millions) 2023-2030

Table 62              Russia Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 63              Russia Market By Filter Media (USD Millions) 2023-2030

Table 64              Russia Market By End User (USD Millions) 2023-2030

Table 65              Rest Of Europe Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 66              Rest Of Europe Market By Filter Media (USD Millions) 2023-2030

Table 67              Rest Of Europe Market By End User (USD Millions) 2023-2030

Table 68              UAE Laser Processing Market By Fabric Material (USD Millions) 2023-2030

Table 69              UAE Market By Filter Media (USD Millions) 2023-2030

Table 70              UAE Market By End User (USD Millions) 2023-2030

Table 71              Saudi Arabia Market By Fabric Material (USD Millions) 2023-2030

Table 72              Saudi Arabia Market By Filter Media (USD Millions) 2023-2030

Table 73              Saudi Arabia Market By End User (USD Millions) 2023-2030

Table 74              South Africa Market By Fabric Material (USD Millions) 2023-2030

Table 75              South Africa Market By Filter Media (USD Millions) 2023-2030

Table 76              South Africa Market By End User (USD Millions) 2023-2030

Table 77              Rest Of Middle East And Africa Market By Fabric Material (USD Millions) 2023-2030

Table 78              Rest Of Middle East And Africa Market By Filter Media (USD Millions) 2023-2030

Table 79              Rest Of Middle East And Africa Laser Processing Market By End User (USD Millions) 2023-2030

List of Figures   

Figure 1                Market Dynamics

Figure 2                Market Segmentation

Figure 3                Report Timelines: Years Considered

Figure 4                Data Triangulation

Figure 5                Bottom-Up Approach

Figure 6                Top-Down Approach

Figure 7                Research Flow

Figure 8                Global Laser Processing Market by Laser Type, USD Million, 2023-2030

Figure 9                Global Market by Revenue, USD Million, 2023-2030

Figure 10              Global Market By End-Use USD Million, 2023-2030

Figure 11              Global Market By Region, USD Million, 2023-2030

Figure 12              Porter’s Five Forces Model

Figure 13             Market by Region 2020

Figure 14              Market Share Analysis

Figure 15              Coherant: Company Snapshot

Figure 16              Trumpf: Company Snapshot

Figure 17              Han’s Laser: Company Snapshot

Figure 18              Ipg Photonics: Company Snapshot

Figure 19            Jenoptik: Company Snapshot

Figure 20              Lumentum: Company Snapshot

Figure 21              Gravotech: Company Snapshot

Figure 22              Laserstar: Company Snapshot

Figure 23              Lumibird: Company Snapshot

Figure 24              Epilog Laser: Company Snapshot

Figure 25              Altec Gmbh: Company Snapshot

Figure 26              Alpha Nov Laser: Company Snapshot

Figure 27              Amada Co. Ltd.: Company Snapshot

Figure 28              Bystronic Laser Ag: Company Snapshot

Figure 210            Epilog Laser Inc.: Company Snapshot

Figure 30              Eurolaser Gmbh: Company Snapshot

Figure 31              Han’s Industry Group Co. Ltd.: Company Snapshot

Figure 32              Ipg Photonics Corporation: Company Snapshot

Figure 33              Newport Corporation (Mks Instruments Inc.): Company Snapshot

Figure 34              Laserstar Technologies Corporation: Company Snapshot

Figure 35              Ipg Photonics Corporation: Company Snapshot

Figure 36              Newport Corporation: Company Snapshot

Figure 37              Universal Laser Systems Inc.: Company Snapshot

 Figure 38            Xenetech Global Inc.: Company Snapshot