Laser Processing Market
Laser Processing Market Analysis By Type (Solid, Liquid, Gas, Other Types) By Vertical (Machine Tools, Medical & Life Sciences, Automotive, Aerospace & Defense, Architecture, Other Verticals) & Region - Global Market Insights 2022 to 2032
Analysis of Laser Processing Market covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Laser Processing Market Growth Outlook (2022-2032)
The global laser processing market is estimated to expand briskly at a CAGR of 7.5%, rising from its current value of US$ 16 billion to reach US$ 33 billion by the end of 2032.
Laser processing has become an essential component of many industrial applications. LASER (Light Amplification by Stimulated Emission of Radiation) is a light technology that varies from ordinary light as it contains monochromatic and coherent photons of energy. Moreover, unlike ordinary light, laser light has the capacity to focus on a small spot due to the laser beams' exceptionally low divergence.
Laser processing technology is extensively employed in the aerospace and defense, automotive, architecture, medical, telecommunications, and packaging industries for cutting, punching, welding, scribing, and heat treatments. These industries use a variety of laser processes, including laser cutting, hybrid laser welding, laser cleaning, laser welding, laser marking, laser cladding, laser drilling, and laser brazing.
The increasing usage of solid and gas lasers in drilling, cutting, engraving, and marking applications, as well as escalating demand from various end-use industries, are projected to drive the sales of laser processing.
Due to the necessity for high accuracy to manufacture exceedingly complex components for patient care equipment, the medical industry, in particular, offers excellent growth potential for the laser processing market.
Balloons, flexible tubing and filtering devices, and angioplasty are examples of medical items that use laser processing. Moreover, the increased usage of laser drilling to make precise holes in gas and liquid flow delivery devices is also boosting the demand for laser processing in the medical industry.
Aside from the medical industry, laser processing is witnessing an increasing demand from the semiconductor, automotive, packaging, electronics, and aerospace industries.
Laser processing is commonly used in the production of electronic parts and components. The increasing usage of laser technology in the industrial sector for a variety of material processing applications such as cutting, welding, engraving, and drilling is anticipated to drive the market for laser processing.
Furthermore, laser processing is extensively used in the automotive industry. This is due to the increasing need for high-power carbon dioxide lasers for wielding automotive components. Moreover, the growing proclivity of automobile manufacturers to employ laser-wielding sheet assemblies as a substitute for resistance spot welding is expected to be a major driving factor for laser processing.
Additionally, the rising demand for laser processing in the packaging industry as a result of the global expansion in e-commerce operations is predicted to increase the sales growth of laser processing.
Furthermore, growing demand for wireless-enabled gadgets, telecom equipment, and mobile devices, as well as increased commercialization of laser-based photovoltaic (PV) modules with better throughput, lower processing costs, and enhanced module efficiencies, are projected to propel the growth of the global laser processing industry.
Report Attributes |
Details |
|---|---|
|
Laser Processing Market Size in 2022 |
US$ 16 Billion |
|
Projected Market Value (2032) |
US$ 33 Billion |
|
Global Market Growth Rate (2022-2032) |
7.5% CAGR |
|
Asia Pacific Market Share (2021) |
40.0% |
|
Solid Segment Share (2021) |
55% |
|
Key Companies Profiled |
|
Which Factors are Fueling the Demand for Laser Processing?
“Numerous Benefits of Laser Processing over Traditional Material Processing Methods”
Material processing includes a broad range of metal and nonmetal procedures such as cutting, engraving, marking, and drilling. Laser technology has numerous benefits over traditional methods such as flame, plasma, and water jet.
Flame and plasma technologies are used for cutting rather than drilling, marking, or engraving, whereas waterjet is used for ablation and structuring. Waterjet generates a lot of noise while operating, making it inconvenient for material processing.
Laser technology can effectively accomplish all the aforementioned tasks while generating no noise pollution. Such factors are projected to increase the adoption of laser technology for material processing.
“Increasing Use of Laser Technology in Medical Devices & Surgeries “
The most frequently utilized technologies in medical applications are Nd: YAG and carbon dioxide lasers. Nevertheless, laser technology is gaining popularity in a variety of applications ranging from diagnosis to treatment. It is commonly used to treat hair, skin, eyes, and cancer.
With the use of laser technology, several treatments, such as artery cleaning, surgery for a detached retina, and other cosmetic procedures, have become possible. Laser technology can be used to perform cosmetic procedures such as the elimination of birthmarks/permanent on the skin, skin blotches, port-wine stains, and other skin treatments.
Moreover, lasers are utilized in the material processing of medical devices, such as implantable devices and surgical tools used in hospitals. Furthermore, laser technology is being employed in a variety of medical procedures such as dermatology, lithotripsy, mammography, angioplasty, microscopy, ophthalmology, cancer diagnosis, and medical imaging.
What Can Negatively Impact Laser Processing Demand?
High Initial Cost of Installing Laser Technology
The installation of laser technology for the needed application is both complex and costly. To establish its architecture and infrastructure, large upfront investments and massive venture capital funds are necessary. Moreover, the operating and setup process is far more complicated, costly, and time-consuming.
Furthermore, conventional plasma cutting has a fairly low yearly maintenance cost of US$ 5,000, whereas laser technology has a yearly maintenance cost of up to US$ 10,000.
Although increased usage of laser technology is lowering prices, it is still a costly technology to implement. As a result, these factors are projected to impact the demand for laser processing negatively.
Country-wise Insights
Which Countries are Driving Market Growth in Asia Pacific?
Asia Pacific captured 40% of the global demand for laser processing in 2021. Asia Pacific represents a significant market for laser processing due to the continuously increasing use of laser systems in a variety of applications. The growing adoption of various laser technologies, particularly in machine tools and microelectronics, is propelling regional market growth.
Moreover, countries such as South Korea and Japan are encouraging market growth in Asia Pacific. South Korea and Japan have made significant investments in laser technology as part of their ongoing attempts to modernize current infrastructure and increase automation.
Why Does the United States Dominate the North American Market for Laser Processing?
Demand for laser processing in the United States is projected to rise during the forecast period. A surge in cosmetic operations and a high adoption rate of sophisticated technology are projected to drive market growth in the United States.
Furthermore, several key market players are headquartered in the United States, including Corning Incorporated, IPG Photonics Corporation, and Coherent, Inc. These businesses are launching novel laser-based technologies to broaden their product offerings.
- For instance, Coherent produced a multi-kilowatt industrial diode laser in April 2021. Coherent's new HighLight DL HPSi is a high-power diode laser in a tiny, self-contained module. It is ideal for technology vendors and end users who perform thermal treatment, metal cladding, welding, and soldering.
Such factors are helping the United States maintain dominance in North America.
Which Aspects are Bolstering Market Growth in Germany and the U.K?
The market for laser processing in Europe is likely to develop at a rapid pace due to the availability of a high number of sophisticated laser solution manufacturers in the region.
Moreover, European countries such as Germany and the United Kingdom are focusing on R&D investments and the deployment of laser-based technology to accelerate advancement across all industries. Such aspects are expected to bolster market growth in these countries.
Category-wise Insights
Why is Solid Laser Processing Most Widely Used?
Solid accounted for 55% of the global market. Solid lasers are classified as small diode-pumped Nd: YAG or Nd: YVO4 lasers, Q-switched Nd: YAG lasers, and bigger lasers in side-pumped or end-pumped configurations.
Solid lasers have several applications, including drilling holes in metals, endoscopy in medicine, and targeting in the military. The demand for solid lasers is projected to grow due to their strong usage in a variety of industries, including aerospace, automotive, medical, packaging, and machine tools.
Moreover, the growing demand for pulsed lasers for a variety of healthcare applications is driving segment expansion. Nd: YAG-based solid-state pulsed lasers are used in a variety of cosmetic operations, including skin resurfacing, scar removal, and melasma treatment.
Emergence of Start-ups to Intensify Market Competition
The global laser processing market is highly competitive, with a few large and medium-sized firms accounting for the lion's share of market revenue. However, the competition is expected to intensify with the advent of startups like 4JET and Temicon.
To maintain their market position, key players in the laser processing market are using a variety of strategies, including strategic partnerships and contracts, mergers and acquisitions, and the development, testing, and introduction of more efficient laser technology solutions.
- TRUMPF unveiled the TruMicro 2000 and TruMicro 6000, the next generation and new ranges of their TruMicro ultrashort pulse lasers, in April 2022. The new product range introduces new technology platforms for precise power and enhances versatility. Furthermore, the two most recent generations of TruMicro lasers would broaden the microprocessing product range and give solutions to meet the market's demanding expectations.
- IPG Photonics introduced LightWELD XR, the third product offering in its handheld laser welding and cleaning product line, in March 2022. By producing a tiny spot size with six times larger energy thickness, the laser offers a wide range of cleaning capabilities and portable laser welding to handle more materials and width than prior LightWELD products.
- TRUMPF acquired Active Fiber Systems, a Germany-based firm specializing in fiber lasers, in February 2022. The companies intended to work on developing and advancing their real ultrashort-pulse laser product.
Key Segments in Industry Research
-
By Type:
- Solid
- Liquid
- Gas
- Other Types
-
By Vertical:
- Machine Tools
- Medical & Life Sciences
- Automotive
- Aerospace & Defense
- Architecture
- Other Verticals
-
By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 2.3. Inclusions/Exclusions 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Type modifications /Innovation 4. Key Success Factors 4.1. Strategic Developments 4.2. Key regulations 4.3. Type USPs /Technology 4.4. List of Manufacturers and Providers 5. Market Background 5.1. Macro-Economic Factors 5.1.1. Global GDP outlook 5.1.2. Increasing R&D Expenditure 5.2. Forecast Factors - Relevance & Impact 5.2.1. New Type launches 5.2.2. Cost of Types 5.3. Market Dynamics 5.3.1. Drivers 5.3.2. Restraints 5.3.3. Opportunity Analysis 6. COVID19 Crisis Analysis 6.1. Current COVID19 Statistics and Probable Future Impact 6.2. Current GDP Projection and Probable Impact 6.3. Current Economic Projection as Compared to 2008 Economic analysis 6.4. COVID19 and Impact Analysis 6.4.1. Revenue By Type 6.4.2. Revenue By Vertical 6.4.3. Revenue By Country 6.5. 2021 Market Scenario 6.6. Quarter by Quarter Forecast 6.7. Projected Recovery Quarter 7. Global Laser Processing Market Volume (Units) Analysis 2017-2021 and Forecast, 2022-2032 7.1. Historical Market Volume (Units) Analysis, 2017-2021 7.2. Current and Future Market Volume (Units) Projections, 2022-2032 7.2.1. Y-o-Y Growth Trend Analysis 8. Global Laser Processing Market - Pricing Analysis 8.1. Regional Pricing Analysis By Type 8.2. Pricing Break-up 8.2.1. Manufacturer Level Pricing 8.2.2. Distributor Level Pricing 8.3. Global Average Pricing Analysis Benchmark 9. Global Laser Processing Market Value Analysis 2017–2021 and Forecast, 2022-2032 9.1. Historical Market Value (US$ Mn) Analysis, 2017–2021 9.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032 9.2.1. Y-o-Y Growth Trend Analysis 9.2.2. Absolute $ Opportunity Analysis 10. Global Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032, by Type 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Mn) Analysis By Types & Services, 2017–2021 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2022-2032 10.3.1. Solid 10.3.2. Liquid 10.3.3. Gas 10.3.4. Other Types 10.4. Market Attractiveness Analysis By Type 11. Global Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032, by Vertical 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Mn) Analysis By Vertical , 2017–2021 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Vertical , 2022-2032 11.3.1. Machine Tools 11.3.2. Medical & Life Sciences 11.3.3. Automotive 11.3.4. Aerospace & Defense 11.3.5. Architecture 11.3.6. Other Verticals 11.4. Market Attractiveness Analysis By Vertical 12. Global Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Mn) Analysis By Region, 2017–2021 12.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2022-2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. East Asia 12.3.5. South Asia 12.3.6. Oceania 12.3.7. Middle East and Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032 13.1. Introduction 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032 13.3.1. By Country 13.3.1.1. U.S. 13.3.1.2. Canada 13.3.2. By Type 13.3.3. By Vertical 13.4. Market Attractiveness Analysis 13.5. Key Market Participants - Intensity Mapping 13.6. Drivers and Restraints - Impact Analysis 14. Latin America Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032 14.1. Introduction 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032 14.3.1. By Country 14.3.1.1. Brazil 14.3.1.2. Mexico 14.3.1.3. Argentina 14.3.1.4. Rest of Latin America 14.3.2. By Type 14.3.3. By Vertical 14.4. Market Attractiveness Analysis 14.5. Key Market Participants - Intensity Mapping 14.6. Drivers and Restraints - Impact Analysis 15. Europe Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032 15.1. Introduction 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032 15.3.1. By Country 15.3.1.1. Germany 15.3.1.2. Italy 15.3.1.3. France 15.3.1.4. U.K. 15.3.1.5. Spain 15.3.1.6. Russia 15.3.1.7. Rest of Europe 15.3.2. By Type 15.3.3. By Vertical 15.4. Market Attractiveness Analysis 15.5. Key Market Participants - Intensity Mapping 15.6. Drivers and Restraints - Impact Analysis 16. South Asia Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032 16.1. Introduction 16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032 16.3.1. By Country 16.3.1.1. India 16.3.1.2. Thailand 16.3.1.3. Indonesia 16.3.1.4. Malaysia 16.3.1.5. Rest of South Asia 16.3.2. By Type 16.3.3. By Vertical 16.4. Market Attractiveness Analysis 16.5. Key Market Participants - Intensity Mapping 16.6. Drivers and Restraints - Impact Analysis 17. East Asia Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032 17.1. Introduction 17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032 17.3.1. By Country 17.3.1.1. China 17.3.1.2. Japan 17.3.1.3. South Korea 17.3.1.4. Rest of East Asia 17.3.2. By Type 17.3.3. By Vertical 17.4. Market Attractiveness Analysis 17.5. Key Market Participants - Intensity Mapping 17.6. Drivers and Restraints - Impact Analysis 18. Oceania Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032 18.1. Introduction 18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032 18.3.1. By Country 18.3.1.1. Australia 18.3.1.2. New Zealand 18.3.2. By Type 18.3.3. By Vertical 18.4. Market Attractiveness Analysis 18.5. Key Market Participants - Intensity Mapping 18.6. Drivers and Restraints - Impact Analysis 19. Middle East and Africa Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032 19.1. Introduction 19.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2017–2021 19.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022-2032 19.3.1. By Country 19.3.1.1. GCC Countries 19.3.1.2. South Africa 19.3.1.3. Rest of Middle East and Africa 19.3.2. By Type 19.3.3. By Vertical 19.4. Market Attractiveness Analysis 19.5. Drivers and Restraints - Impact Analysis 20. Key and Emerging Countries Laser Processing Market Analysis 2017–2021 and Forecast 2022-2032 20.1. Introduction 20.1.1. Market Value Proportion Analysis, By Key Countries 20.1.2. Global Vs. Country Growth Comparison 20.2. U.S. Laser Processing Market Analysis 20.2.1. By Type 20.2.2. By Vertical 20.3. Canada Laser Processing Market Analysis 20.3.1. By Type 20.3.2. By Vertical 20.4. Mexico Laser Processing Market Analysis 20.4.1. By Type 20.4.2. By Vertical 20.5. Brazil Laser Processing Market Analysis 20.5.1. By Type 20.5.2. By Vertical 20.6. U.K. Laser Processing Market Analysis 20.6.1. By Type 20.6.2. By Vertical 20.7. Germany Laser Processing Market Analysis 20.7.1. By Type 20.7.2. By Vertical 20.8. France Laser Processing Market Analysis 20.8.1. By Type 20.8.2. By Vertical 20.9. Italy Laser Processing Market Analysis 20.9.1. By Type 20.9.2. By Vertical 20.10. Spain Laser Processing Market Analysis 20.10.1. By Type 20.10.2. By Vertical 20.11. BENELUX Laser Processing Market Analysis 20.11.1. By Type 20.11.2. By Vertical 20.12. Russia Laser Processing Market Analysis 20.12.1. By Type 20.12.2. By Vertical 20.13. China Laser Processing Market Analysis 20.13.1. By Type 20.13.2. By Vertical 20.14. Japan Laser Processing Market Analysis 20.14.1. By Type 20.14.2. By Vertical 20.15. South Korea Laser Processing Market Analysis 20.15.1. By Type 20.15.2. By Vertical 20.16. India Laser Processing Market Analysis 20.16.1. By Type 20.16.2. By Vertical 20.17. ASEAN Laser Processing Market Analysis 20.17.1. By Type 20.17.2. By Vertical 20.18. Australia Laser Processing Market Analysis 20.18.1. By Type 20.18.2. By Vertical 20.19. New Zealand Laser Processing Market Analysis 20.19.1. By Type 20.19.2. By Vertical 20.20. GCC Countries Laser Processing Market Analysis 20.20.1. By Type 20.20.2. By Vertical 20.21. Turkey Laser Processing Market Analysis 20.21.1. By Type 20.21.2. By Vertical 20.22. South Africa Laser Processing Market Analysis 20.22.1. By Type 20.22.2. By Vertical 21. Market Structure Analysis 21.1. Market Analysis by Tier of Companies 21.2. Market Concentration 21.3. Market Share Analysis of Top Players 21.4. Market Presence Analysis 21.4.1. By Regional footprint of Players 21.4.2. Type foot print by Players 21.4.3. Channel Foot Print by Players 22. Competition Analysis 22.1. Competition Dashboard 22.2. Competition Benchmarking 22.3. Competition Deep dive 22.3.1. Amada Co, Ltd 22.3.1.1. Overview 22.3.1.2. Type Portfolio 22.3.1.3. Profitability by Market Segments (Type/Channel/Region) 22.3.1.4. Sales Footprint 22.3.1.5. Strategy Overview 22.3.2. Spectra Physics, Inc 22.3.2.1. Overview 22.3.2.2. Type Portfolio 22.3.2.3. Profitability by Market Segments (Type/Channel/Region) 22.3.2.4. Sales Footprint 22.3.2.5. Strategy Overview 22.3.3. Epilog Laser 22.3.3.1. Overview 22.3.3.2. Type Portfolio 22.3.3.3. Profitability by Market Segments (Type/Channel/Region) 22.3.3.4. Sales Footprint 22.3.3.5. Strategy Overview 22.3.4. LaserStar Technologies Corporation 22.3.4.1. Overview 22.3.4.2. Type Portfolio 22.3.4.3. Profitability by Market Segments (Type/Channel/Region) 22.3.4.4. Sales Footprint 22.3.4.5. Strategy Overview 22.3.5. Lumentum Operations LLC 22.3.5.1. Overview 22.3.5.2. Type Portfolio 22.3.5.3. Profitability by Market Segments (Type/Channel/Region) 22.3.5.4. Sales Footprint 22.3.5.5. Strategy Overview 22.3.6. Han's Laser Technology Industry Group Co., Ltd 22.3.6.1. Overview 22.3.6.2. Type Portfolio 22.3.6.3. Profitability by Market Segments (Type/Channel/Region) 22.3.6.4. Sales Footprint 22.3.6.5. Strategy Overview 22.3.7. Wuhan HGLaser Engineering Co., Ltd 22.3.7.1. Overview 22.3.7.2. Type Portfolio 22.3.7.3. Profitability by Market Segments (Type/Channel/Region) 22.3.7.4. Sales Footprint 22.3.7.5. Strategy Overview 22.3.8. IPG Photonics Corporation 22.3.8.1. Overview 22.3.8.2. Type Portfolio 22.3.8.3. Profitability by Market Segments (Type/Channel/Region) 22.3.8.4. Sales Footprint 22.3.8.5. Strategy Overview 22.3.9. Jenoptik AG 22.3.9.1. Overview 22.3.9.2. Type Portfolio 22.3.9.3. Profitability by Market Segments (Type/Channel/Region) 22.3.9.4. Sales Footprint 22.3.9.5. Strategy Overview 22.3.10. Coherent, Inc 22.3.10.1. Overview 22.3.10.2. Type Portfolio 22.3.10.3. Profitability by Market Segments (Type/Channel/Region) 22.3.10.4. Sales Footprint 22.3.10.5. Strategy Overview 22.3.11. Trumpf Group 22.3.11.1. Overview 22.3.11.2. Type Portfolio 22.3.11.3. Profitability by Market Segments (Type/Channel/Region) 22.3.11.4. Sales Footprint 22.3.11.5. Strategy Overview 22.3.12. Wuhan Raycus Fiber Laser Technologies Co., Ltd 22.3.12.1. Overview 22.3.12.2. Type Portfolio 22.3.12.3. Profitability by Market Segments (Type/Channel/Region) 22.3.12.4. Sales Footprint 22.3.12.5. Strategy Overview 23. Assumptions and Acronyms Used 24. Research Methodology
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List Of Table
Table 01: Global Laser Processing Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017–2032, By Type
Table 02: Global Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Type
Table 03: Global Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Vertical
Table 04: Global Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Region
Table 05: North America Laser Processing Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2032, By Country
Table 06: North America Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Type
Table 07: North America Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Vertical
Table 08: Latin America Laser Processing Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2032, By Country
Table 09: Latin America Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Type
Table 10: Latin America Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Vertical
Table 11: Europe Laser Processing Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2032, By Country
Table 12: Europe Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Type
Table 13: Europe Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Vertical
Table 14: South Asia Laser Processing Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2032, By Country
Table 15: South Asia Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Type
Table 16: South Asia Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Vertical
Table 17: East Asia Laser Processing Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2032, By Country
Table 18: East Asia Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Type
Table 19: East Asia Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Vertical
Table 20: Oceania Laser Processing Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2032, By Country
Table 21: Oceania Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Type
Table 22: Oceania Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Vertical
Table 23: Middle East and Africa Laser Processing Market Value (US$ Mn) Analysis 2017-2021 and Forecast 2022–2032, By Country
Table 24: Middle East and Africa Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Type
Table 25: Middle East and Africa Laser Processing Market Value (US$ Mn) Analysis and Opportunity Assessment 2017–2032, By Vertical
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List Of Figures
Figure 01: Global Laser Processing Market Volume (in 000' Units) Analysis, 2017-2021
Figure 02: Global Laser Processing Market Volume Forecast (in 000' Units), 2022-2032
Figure 03: Laser Processing Pricing Analysis (US$) Per Type, By Region, 2021
Figure 04: Laser Processing Pricing Analysis (US$) Per Type, By Region, 2021
Figure 05: Global Laser Processing Market Value Analysis (US$ Mn), 2017-2021
Figure 06: Global Laser Processing Market Value Forecast (US$ Mn), 2022-2032
Figure 07: Global Laser Processing Market Absolute $ Opportunity, 2022-2032
Figure 08: Global Laser Processing Market Share Analysis (%), By Type, 2022-2032
Figure 09: Global Laser Processing Market Y-o-Y Analysis (%), By Type, 2022-2032
Figure 10: Global Laser Processing Market Attractiveness Analysis by Type, 2022-2032
Figure 11: Global Laser Processing Market Share Analysis (%), By Vertical, 2022-2032
Figure 12: Global Laser Processing Market Y-o-Y Analysis (%), By Vertical, 2022-2032
Figure 13: Global Laser Processing Market Attractiveness Analysis by Vertical, 2022-2032
Figure 14: Global Laser Processing Market Share Analysis (%), By Region, 2022-2032
Figure 15: Global Laser Processing Market Y-o-Y Analysis (%), By Region, 2022-2032
Figure 16: Global Laser Processing Market Attractiveness Analysis by Region, 2022-2032
Figure 17: North America Laser Processing Market Value Share, By Type, 2022 (E)
Figure 18: North America Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 19: North America Laser Processing Market Value Share, By Country, 2022 (E)
Figure 20: North America Laser Processing Market Value Analysis (US$ Mn), 2017-2021
Figure 21: North America Laser Processing Market Value Forecast (US$ Mn), 2022-2032
Figure 22: North America Laser Processing Market Attractiveness Analysis by Type, 2022-2032
Figure 23: North America Laser Processing Market Attractiveness Analysis by Vertical, 2022-2032
Figure 24: North America Laser Processing Market Attractiveness Analysis by Country, 2022-2032
Figure 25: Latin America Laser Processing Market Value Share, By Type, 2022 (E)
Figure 26: Latin America Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 27: Latin America Laser Processing Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Laser Processing Market Value Analysis (US$ Mn), 2017-2021
Figure 29: Latin America Laser Processing Market Value Forecast (US$ Mn), 2022-2032
Figure 30: Latin America Laser Processing Market Attractiveness Analysis by Type, 2022-2032
Figure 31: Latin America Laser Processing Market Attractiveness Analysis by Vertical, 2022-2032
Figure 32: Latin America Laser Processing Market Attractiveness Analysis by Country, 2022-2032
Figure 33: Europe Laser Processing Market Value Share, By Type, 2022 (E)
Figure 34: Europe Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 35: Europe Laser Processing Market Value Share, By Country, 2022 (E)
Figure 36: Europe Laser Processing Market Value Analysis (US$ Mn), 2017-2021
Figure 37: Europe Laser Processing Market Value Forecast (US$ Mn), 2022-2032
Figure 38: Europe Laser Processing Market Attractiveness Analysis by Type, 2022-2032
Figure 39: Europe Laser Processing Market Attractiveness Analysis by Vertical, 2022-2032
Figure 40: Europe Laser Processing Market Attractiveness Analysis by Country, 2022-2032
Figure 41: South Asia Laser Processing Market Value Share, By Type, 2022 (E)
Figure 42: South Asia Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 43: South Asia Laser Processing Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Laser Processing Market Value Analysis (US$ Mn), 2017-2021
Figure 45: South Asia Laser Processing Market Value Forecast (US$ Mn), 2022-2032
Figure 46: South Asia Laser Processing Market Attractiveness Analysis by Type, 2022-2032
Figure 47: South Asia Laser Processing Market Attractiveness Analysis by Vertical, 2022-2032
Figure 48: South Asia Laser Processing Market Attractiveness Analysis by Country, 2022-2032
Figure 49: East Asia Laser Processing Market Value Share, By Type, 2022 (E)
Figure 50: East Asia Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 51: East Asia Laser Processing Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Laser Processing Market Value Analysis (US$ Mn), 2017-2021
Figure 53: East Asia Laser Processing Market Value Forecast (US$ Mn), 2022-2032
Figure 54: East Asia Laser Processing Market Attractiveness Analysis by Type, 2022-2032
Figure 55: East Asia Laser Processing Market Attractiveness Analysis by Vertical, 2022-2032
Figure 56: East Asia Laser Processing Market Attractiveness Analysis by Country, 2022-2032
Figure 57: Oceania Laser Processing Market Value Share, By Type, 2022 (E)
Figure 58: Oceania Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 59: Oceania Laser Processing Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Laser Processing Market Value Analysis (US$ Mn), 2017-2021
Figure 61: Oceania Laser Processing Market Value Forecast (US$ Mn), 2022-2032
Figure 62: Oceania Laser Processing Market Attractiveness Analysis by Type, 2022-2032
Figure 63: Oceania Laser Processing Market Attractiveness Analysis by Vertical, 2022-2032
Figure 64: Oceania Laser Processing Market Attractiveness Analysis by Country, 2022-2032
Figure 65: Middle East and Africa Laser Processing Market Value Share, By Type, 2022 (E)
Figure 66: Middle East and Africa Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 67: Middle East and Africa Laser Processing Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Laser Processing Market Value Analysis (US$ Mn), 2017-2021
Figure 69: Middle East and Africa Laser Processing Market Value Forecast (US$ Mn), 2022-2032
Figure 70: Middle East and Africa Laser Processing Market Attractiveness Analysis by Type, 2022-2032
Figure 71: Middle East and Africa Laser Processing Market Attractiveness Analysis by Vertical, 2022-2032
Figure 72: Middle East and Africa Laser Processing Market Attractiveness Analysis by Country, 2022-2032
Figure 73: U. S. Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Laser Processing Market Value Share, By Type, 2022 (E)
Figure 75: U. S. Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 76: Canada Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Laser Processing Market Value Share, By Type, 2022 (E)
Figure 78: Canada Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 79: Mexico Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Laser Processing Market Value Share, By Type, 2022 (E)
Figure 81: Mexico Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 82: Brazil Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Laser Processing Market Value Share, By Type, 2022 (E)
Figure 84: Brazil Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 85: U. K. Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Laser Processing Market Value Share, By Type, 2022 (E)
Figure 87: U. K. Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 88: Germany Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Laser Processing Market Value Share, By Type, 2022 (E)
Figure 90: Germany Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 91: France Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Laser Processing Market Value Share, By Type, 2022 (E)
Figure 93: France Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 94: Italy Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Laser Processing Market Value Share, By Type, 2022 (E)
Figure 96: Italy Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 97: Spain Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Laser Processing Market Value Share, By Type, 2022 (E)
Figure 99: Spain Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 100: Russia Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Laser Processing Market Value Share, By Type, 2022 (E)
Figure 102: Russia Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 103: China Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Laser Processing Market Value Share, By Type, 2022 (E)
Figure 105: China Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 106: Japan Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Laser Processing Market Value Share, By Type, 2022 (E)
Figure 108: Japan Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 109: South Korea Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Laser Processing Market Value Share, By Type, 2022 (E)
Figure 111: South Korea Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 112: India Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Laser Processing Market Value Share, By Type, 2022 (E)
Figure 114: India Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 115: ASEAN Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Laser Processing Market Value Share, By Type, 2022 (E)
Figure 117: ASEAN Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 118: Australia Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Laser Processing Market Value Share, By Type, 2022 (E)
Figure 120: Australia Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 121: New Zealand Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Laser Processing Market Value Share, By Type, 2022 (E)
Figure 123: New Zealand Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 124: GCC Countries Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Laser Processing Market Value Share, By Type, 2022 (E)
Figure 126: GCC Countries Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 127: Turkey Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Laser Processing Market Value Share, By Type, 2022 (E)
Figure 129: Turkey Laser Processing Market Value Share, By Vertical, 2022 (E)
Figure 130: South Africa Laser Processing Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Laser Processing Market Value Share, By Type, 2022 (E)
Figure 132: South Africa Laser Processing Market Value Share, By Vertical, 2022 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the current valuation of the laser processing market?
The global laser processing market is valued at US$ 16 billion in 2022.
At what CAGR is the global laser processing market estimated to grow?
Global demand for laser processing is estimated to increase at a CAGR of 7.5% through 2032.
What is the forecast outlook for laser processing?
The global market for laser processing is set to reach US$ 33 billion by 2032.
Which type of laser processing held the highest market share in 2021?
Solid laser processing accounted for 55% share of the global market in 2021.
Which region captured the largest market share in 2021?
Asia Pacific leads the race and accounted for the largest share of 40% in 2021.
Which are the key companies in the global laser processing market?
Amada Co, Ltd., Spectra Physics, Inc., Epilog Laser, LaserStar Technologies Corporation, Lumentum Operations LLC, Han's Laser Technology Industry Group Co., Ltd., Wuhan HGLaser Engineering Co., Ltd., IPG Photonics Corporation, Jenoptik AG, Coherent, Inc.,
Laser Processing Market