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
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Product Code:
RP-ID-10352282 -
Published Date:
2 Nov 2022 -
Region:
Global
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Pages:
188 -
Category:
Healthcare & Pharmaceuticals -
Publisher:
Pub-ID-54
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
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 of industrial machining technologies, the use of industrial laser systems for material processing has witnessed significant growth in 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 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, 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, and serial numbers are some of the mapping tools that are required to track and trace different products.
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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 the 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 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
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Growing Need for Tracking and Tracing of Products in Industries
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Numerous Benefits Associated with Laser Markers as Compared to Conventional Material Marking Techniques
Challenges
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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 the end-user industry into machine tools, semiconductors & electronics, 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:
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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.
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October 29th, 2021: Han’s Laser Technology Industry Group Co., Ltd. announced that it has reached into extensive cooperation with CIMC and its subsidiaries to work together and help accelerate the upgrading of intelligent manufacturing.
Key Reasons to Buy Our Report
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The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.
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We provide customized reports as per the client's requirements 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
The growing need for tracking and tracing of products in industries, along with the numerous benefits associated with laser markers as compared to conventional material marking techniques are some of the major factors anticipated to drive the market growth.
The market is anticipated to attain a CAGR of 5.6% over the forecast period, i.e., 2021-2030.
The high deployment and maintenance cost is one of the major factors estimated to hamper the market growth.
The market in the Asia Pacific region is anticipated to garner the largest revenue of USD 494.3 Million by the end of 2030 and provide more business opportunities in the future.
The major players in the market are Coherent, Inc., Han’s Laser Technology Industry Group Co., Ltd., TRUMPF Group, KEYENCE CORPORATION, Gravotech, Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The fiber laser segment is anticipated to garner the largest revenue of USD 672.0 Million by the end of 2030 and display significant growth opportunities.
The market is segmented by laser type, type, offering, application, end-user industry, and by region.
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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- 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
