Laser Marking Market Segmentation by Laser Type (CO2, Diode, Fiber, and Solid State Laser); by Type (2D, and 3D Laser Marking); by Offering (Hardware, and Software); by Application (Deep Laser Etching, Laser Ablation/Surface Removal, Laser Engraving, Laser Annealing, and Others); by End-User Industry (Machine Tools, Semiconductor & Electronic, Automotive, Medical & Healthcare, Aerospace & Defense, Packaging, and Others)-Global Demand Analysis & Opportunity Outlook 2020-2030

  • Product Code:
    RP-ID-10352282
  • Published Date:
    24 Jan 2022
  • Region:
    Global
  • Pages:
    188
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Pub-ID-54

Impact Analysis on the Growth of Market

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Market Overview:

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Global Laser Marking Market Highlights Over 2020 - 2030

The global laser marking market is estimated to garner a revenue of USD 1115.0 Million by the end of 2030 by growing at a CAGR of 5.6% over the forecast period, i.e., 2021 – 2030. Moreover, the market registered a revenue of USD 651.3 Million in the year 2020. The growth of the market can be attributed to the growing demand for different manufacturing products and for the rising manufacturing industry around the globe. According to the statistics by the World Bank, the value added by the manufacturing industry (in current US$) increased from USD 9.333 Trillion in the year 2009 to USD 13.47 Trillion in the year 2020. With the advent in industrial machining technologies, the use of industrial laser systems for material processing has witnessed a significant growth in the recent years. Moreover, these systems are now becoming a part of the mainstream manufacturing process as these systems are used widely for laser cutting, drilling, machining, and laser marking applications. Further, laser marking is also used across several end-use industries for the tracking and tracing of the products. Industries where components from different subcontractors are being used in the production processes, often deploy laser marking systems to optimize their manufacturing operations. On the other hand, the laser marking systems have proven to be a cost-effective tool as compared to other available material marking techniques. 2D data matrix codes, 1D barcodes, serial numbers, are some of the mapping tools that are required to track and trace different products.

 

Global Laser Marking Market Graph

 

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Global Laser Marking Market Regional Synopsis

Regionally, the global laser marking market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is anticipated to garner the largest revenue of USD 494.3 Million by the end of 2030, up from a revenue of USD 270.3 Million in the year 2020. The growth of the market in the region can primarily be attributed to the growing manufacturing output in the Asia Pacific nations, especially China, which is known to be the manufacturing giant in the whole world. According to the statistics by the United Nations Statistics Division, in the year 2019, the global manufacturing output in China registered to 28.7%. Moreover, in other statistics by the World Bank, the value added by the manufacturing industry in China reached USD 3.854 Trillion in the year 2020. The market in the region is segmented by country into Australia, Japan, Singapore, South Korea, China, India, and the Rest of Asia Pacific. Out of these, the market in China is anticipated to garner the largest revenue of USD 245.4 Million by the end of 2030, up from a revenue of USD 125.6 Million in the year 2020.

Growth Drivers and Challenges Impacting the Growth of the Global Laser Marking Market

Growth Drivers

  • Growing Need for Tracking and Tracing of Products in Industries

  • Numerous Benefits Associated with Laser Markers as Compared to Conventional Material Marking Techniques

Challenges

  • High Deployment and Maintenance Cost

Global Laser Marking Market Segmentation Synopsis

The global laser marking market is segmented by laser type into CO2 laser, diode laser, fiber laser, and solid state laser. Out of these, the fiber laser segment is anticipated to garner the largest revenue of USD 672.0 Million by the end of 2030, up from a revenue of USD 363.9 Million in the year 2020. By type, the market is segmented into 2D laser marking, and 3D laser marking. Out of these, the 2D laser marking segment is expected to generate the largest revenue by the end of 2030, while the 3D laser marking segment is projected to grow with the highest CAGR during the forecast period. Moreover, by offering, the market is segmented into hardware, and software, out of which, the hardware segment is projected to grow with the highest CAGR of 5.8% during the forecast period. By application, the market is segmented into deep laser etching, laser ablation/surface removal, laser engraving, laser annealing, and others. Out of these, the laser ablation/surface removal segment is projected to garner the largest revenue of USD 315.8 Million by the end of 2030, up from a revenue of USD 179.8 Million in the year 2020. The market is further segmented by end-user industry into machine tools, semiconductor & electronic, automotive, medical & healthcare, aerospace & defense, packaging, and others. Out of these, the machine tools segment is projected to garner the largest revenue of USD 359.8 Million by the end of 2030, up from a revenue of USD 194.9 Million in the year 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global laser marking market that are included in our report are Coherent, Inc., Han’s Laser Technology Industry Group Co., Ltd., TRUMPF Group, KEYENCE CORPORATION, Gravotech, Inc., JENOPTIK AG, Epilog Corporation, 600 Group PLC, Mecco, LaserStar Technologies Corporation, Telesis Technologies, Inc., IPG Photonics Corporation, and others.

Latest Developments in the Global Laser Marking Market:

  • January 19th, 2021: Coherent, Inc. announced that it would be acquired by Lumentum Holdings Inc. in a USD 5.7 Billion cash and stock transaction deal.

  • October 29th, 2021: Han’s Laser Technology Industry Group Co., Ltd. announced that it has reached into an extensive cooperation with CIMC and its subsidiaries to work together and help accelerate the upgrading of intelligent manufacturing.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

  • The report includes detailed company profiles of the major players dominating the market.

  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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FREQUENTLY ASKED QUESTIONS

1.      Market Definition

1.1.  Definition

1.2.Market Segmentation

2.    Assumptions and Acronyms

3.    Research Methodology

3.1.Research Process

3.2.                    Primary Research

3.3.                    Secondary Research

3.4.                    Market Size Estimation

4.    Executive Summary-Global Laser Marking Market

5.     Market Dynamics

5.1. Market Drivers

5.2.                     Market Trends

5.3.                     Opportunities

5.4.                     Restraints

6.    Regulatory and Standards Landscape

7.     Industry Risk Analysis

8.    Analysis on Ongoing Trends in Laser Marking Market

9.    Analysis on Laser Controllers

10.            Pricing Analysis of Laser Marking Market

11.  Supply Chain Analysis

12.Competitive Positioning

13.Competitive Landscape

13.1.                  Market Share Analysis, 2020

13.2.                Competitive Benchmarking

13.3.                Company Profiles

13.3.1.                      Coherent, Inc.

13.3.2.                    Han’s Laser Technology Industry Group Co., Ltd.

13.3.3.                    TRUMPF Group

13.3.4.                    KEYENCE CORPORATION

13.3.5.                     Gravotech, Inc.

13.3.6.                    JENOPTIK AG

13.3.7.                     Epilog Corporation

13.3.8.                    600 Group PLC

13.3.9.                    Mecco

13.3.10.                LaserStar Technologies Corporation

13.3.11.                  Telesis Technologies, Inc.

13.3.12.                IPG Photonics Corporation

14.Global Laser Marking Market 2020-2030

14.1.                  Market Overview

14.2.                By Value (USD Million)

14.3.                By Volume (Thousand Unit)

15. Global Laser Marking Market-Segmentation Analysis 2020-2030

15.1.                  Laser Type

15.1.1.                        CO2 Laser, 2020-2030F (USD million) (Thousand unit)

15.1.2.                      Diode Laser, 2020-2030F (USD million) (Thousand unit)

15.1.3.                      Fiber Laser, 2020-2030F (USD million) (Thousand unit)

15.1.4.                      Solid State Laser, 2020-2030F (USD million) (Thousand unit)

15.1.4.1.    Neodymium Glass Laser, 2020-2030F (USD million) (Thousand unit)

15.1.4.2.  Thin Disk Laser, 2020-2030F (USD million) (Thousand unit)

15.1.4.3.  Yag Laser, 2020-2030F (USD million) (Thousand unit)

15.2.                 Type

15.2.1.                      2D Laser Marking, 2020-2030F (USD million)

15.2.2.                     3D Laser Marking, 2020-2030F (USD million)

15.3.                 Offering

15.3.1.                      Hardware, 2020-2030F (USD million)

15.3.2.                     Software, 2020-2030F (USD million)

15.4.                 Application

15.4.1.                      Deep Laser Etching, 2020-2030F (USD million)

15.4.2.                     Laser Ablation/Surface Removal, 2020-2030F (USD million)

15.4.3.                     Laser Engraving, 2020-2030F (USD million)

15.4.4.                     Laser Annealing, 2020-2030F (USD million)

15.4.5.                     Others, 2020-2030F (USD million)

15.5.                 End-User Industry

15.5.1.                       Machine Tools, 2020-2030F (USD million)

15.5.2.                     Semiconductor & Electronic, 2020-2030F (USD million)

15.5.3.                     Automotive, 2020-2030F (USD million)

15.5.4.                     Medical & Healthcare, 2020-2030F (USD million)

15.5.5.                      Aerospace & Defense, 2020-2030F (USD million)

15.5.6.                     Packaging, 2020-2030F (USD million)

15.5.7.                      Others, 2020-2030F (USD million)

15.6.                 Region

15.6.1.                      North America

15.6.2.                     Europe

15.6.3.                     Asia Pacific

15.6.4.                     Latin America

15.6.5.                     Middle East & Africa

16.North America Laser Marking Market

16.1.                  Market Overview

16.2.                Market Value (USD Million)

16.3.                Market Volume (Thousand Unit)

16.4.                Market Segmentation by:

16.4.1.                      Laser Type

16.4.1.1.   CO2 Laser, 2020-2030F (USD million) (Thousand unit)

16.4.1.2.  Diode Laser, 2020-2030F (USD million) (Thousand unit)

16.4.1.3.  Fiber Laser, 2020-2030F (USD million) (Thousand unit)

16.4.1.4.  Solid State Laser, 2020-2030F (USD million) (Thousand unit)

16.4.1.4.1.       Neodymium Glass Laser, 2020-2030F (USD million) (Thousand unit)

16.4.1.4.2.      Thin Disk Laser, 2020-2030F (USD million) (Thousand unit)

16.4.1.4.3.      Yag Laser, 2020-2030F (USD million) (Thousand unit)

16.4.2.                    Type

16.4.2.1.  2D Laser Marking, 2020-2030F (USD million)

16.4.2.2.                        3D Laser Marking, 2020-2030F (USD million)

16.4.3.                    Offering

16.4.3.1.  Hardware, 2020-2030F (USD million)

16.4.3.2.                        Software, 2020-2030F (USD million)

16.4.4.                    Application

16.4.4.1.  Deep Laser Etching, 2020-2030F (USD million)

16.4.4.2.                        Laser Ablation/Surface Removal, 2020-2030F (USD million)

16.4.4.3.                        Laser Engraving, 2020-2030F (USD million)

16.4.4.4.                        Laser Annealing, 2020-2030F (USD million)

16.4.4.5. Others, 2020-2030F (USD million)

16.4.5.                     End-User Industry

16.4.5.1.  Machine Tools, 2020-2030F (USD million)

16.4.5.2. Semiconductor & Electronic, 2020-2030F (USD million)

16.4.5.3. Automotive, 2020-2030F (USD million)

16.4.5.4. Medical & Healthcare, 2020-2030F (USD million)

16.4.5.5. Aerospace & Defense, 2020-2030F (USD million)

16.4.5.6. Packaging, 2020-2030F (USD million)

16.4.5.7. Others, 2020-2030F (USD million)

16.4.6.                    Country

16.4.6.1.  United States

16.4.6.2.                        Canada

17. Europe Laser Marking Market

17.1.                  Market Overview

17.2.                 Market Value (USD Million)

17.3.                 Market Volume (Thousand Unit)

17.4.                 Market Segmentation by:

17.4.1.                      Laser Type

17.4.2.                     Type

17.4.3.                     Offering

17.4.4.                     Application

17.4.5.                     End-User Industry

17.4.6.                     Country

17.4.6.1.  United Kingdom

17.4.6.2. Germany

17.4.6.3. Italy

17.4.6.4. France

17.4.6.5. Spain

17.4.6.6. Russia

17.4.6.7. Netherlands

17.4.6.8. Rest of Europe

18.Asia Pacific Marking Market

18.1.                  Market Overview

18.2.                Market Value (USD Million)

18.3.                Market Volume (Thousand Unit)

18.4.                Market Segmentation by:

18.4.1.                      Laser Type

18.4.2.                    Type

18.4.3.                    Offering

18.4.4.                    Application

18.4.5.                     End-User Industry

18.4.6.                    Country

18.4.6.1.  Australia

18.4.6.2.                        Japan

18.4.6.3.                        Singapore

18.4.6.4.                        South Korea

18.4.6.5. China

18.4.6.6.                        India

18.4.6.7. Rest of Asia Pacific

19.Latin America Marking Market

19.1.                  Market Overview

19.2.                Market Value (USD Million)

19.3.                Market Volume (Thousand Unit)

19.4.                Market Segmentation by:

19.4.1.                      Laser Type

19.4.2.                    Type

19.4.3.                    Offering

19.4.4.                    Application

19.4.5.                     End-User Industry

19.4.6.                    Country

19.4.6.1.  Brazil

19.4.6.2.                        Argentina

19.4.6.3.                        Mexico

19.4.6.4.                        Rest of Latin America

20.          Middle East & Africa Marking Market

20.1.                Market Overview

20.2.              Market Value (USD Million)

20.3.              Market Volume (Thousand Unit)

20.4.              Market Segmentation by:

20.4.1.                    Laser Type

20.4.2.                  Type

20.4.3.                  Offering

20.4.4.                  Application

20.4.5.                   End-User Industry

20.4.6.                  Country

20.4.6.1.                        GCC

20.4.6.2.                      Israel

20.4.6.3.                      South Africa

20.4.6.4.                      Rest of Middle East & Africa

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  1. Coherent, Inc.
  2. Han’s Laser Technology Industry Group Co., Ltd.
  3. TRUMPF Group
  4. KEYENCE CORPORATION
  5. Gravotech, Inc.
  6. JENOPTIK AG
  7. Epilog Corporation
  8. 600 Group PLC
  9. Mecco
  10. LaserStar Technologies Corporation
  11. Telesis Technologies, Inc.
  12. IPG Photonics Corporation
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