Product Code: 978-1-68038-272-3
Laser Processing Market Growth & Trends:
The global laser processing market size is expected to reach USD 38.22 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.1% from 2022 to 2030. The rising utilization of expensive laser-drilling techniques for oil and gas exploration purposes is projected to substitute the traditional methods. Decreasing drilling costs are anticipated to increase the feasibility of uneconomic oil deposits, thus positively impacting the market growth. The growing need for this type of processing in industrial solar modules is further expected to fuel the market growth.
The requirement for laser technology in the medical sector is projected to witness significant growth due to increasing technological advancements. These technical developments offer faster recovery time, smaller incisions, and lesser pain. The increasing adoption of these methodologies is expected to spur the demand for surgical lasers. Advancements leading to enhanced edge quality and cutting speeds are anticipated to offer growth avenues for the market. Furthermore, the manufacturing sector has increased the adoption of laser technology for processing the material due to many advantages over traditional material processing, which is expected to be one of the major factors driving the market.
Significant investments by the market players in R&D are fueling the growth of the market. For instance, Fudan University researchers led by Profs. X. Wu, M. Lu, and S.-Y. Zhang produced an all-silicon laser with high optical gains using silicon nanocrystals. Silicon nanocrystals are similar to GaAs and InP. All-silicon laser combines optoelectronics and microelectronics used in various fields such as sensing, communication, displays, detection, and imaging.
Laser Processing Market Report Highlights:
- Based on product, fiber lasers are projected to exhibit the fastest CAGR of 10.0% from 2022 to 2030 as they are widely used across several end-use industries and are highly cost-effective compared to the other products
- By process, the material processing segment is expected to expand at the fastest CAGR of 9.4% over the forecast period. This can be accredited to the ability of lasers to perform high-speed and accurate industrial processes
- The Asia Pacific region is expected to expand at the fastest CAGR of 9.7% from 2022 to 2030 owing to the rising number of OEMs in this region
- Industry participants focus on technological advancements and innovation to capture a large market share
Table of Contents
Chapter 1. Methodology and Scope
- 1.1 Research Process
- 1.1.1 Information procurement
- 1.1.2 Purchased database
- 1.1.3 GVR's internal database
- 1.2 Research Methodology
- 1.3 Geographic Scope
- 1.4 Research Scope & Assumptions
- 1.5 List of Data Sources
Chapter 2. Executive Summary
- 2.1 Laser Processing Regional Marketplace: Key Takeaways
Chapter 3. Laser Processing: Market Variables, Trends & Scope
- 3.1 Market Trends & Outlook
- 3.2 Laser Processing - Market Segmentation & Scope
- 3.3 Laser Processing - Market Size and Growth Prospects
- 3.4 Laser Processing - Value Chain Analysis
- 3.5 Laser Processing - Market Dynamics
- 3.5.1 Market driver analysis
- 3.5.2 Market restraint/challenge analysis
- 3.6 Laser Processing - Penetration & Growth Prospect Mapping
- 3.7 Laser Processing - Industry Analysis - Porter's Five Forces
- 3.8 Laser Processing - Company Market Share Analysis
- 3.9 Laser Processing - PEST Analysis
Chapter 4. Laser Processing: Product Estimates & Trend Analysis
- 4.1 Global Laser Processing Share by Product, 2021 & 2030
- 4.1.1 Gas lasers
- 1.1.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.1.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 4.1.2 Solid-state lasers
- 1.2.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.2.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 4.1.3 Fiber lasers
- 1.3.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.3.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 4.2 Others
- 4.2.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 4.3.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
Chapter 5. Laser Processing: Process Estimates & Trend Analysis
- 5.1 Global Laser Processing Share by Process, 2021 & 2030
- 5.1.1 Material Processing
- 1.1.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.1.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 5.1.2 Marking and Engraving
- 1.2.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.2.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 5.1.3 Micro-Processing
- 1.3.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.3.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
Chapter 6. Laser Processing: Application Estimates & Trend Analysis
- 6.1 Global Laser Processing Share by Application, 2021 & 2030
- 6.1.1 Automotive
- 1.1.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.1.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 6.1.2 Aerospace
- 1.2.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.2.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 6.1.3 Machine tools
- 1.3.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.3.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 6.1.4 Electronics & microelectronics
- 1.4.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.4.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 6.1.6 Medical
- 1.6.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.6.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
- 6.1.6 Packaging
- 1.6.1 Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 1.6.2 Market Estimates and Forecast, By Region, 2017 - 2030 (USD Million)
Chapter 7. Laser Processing: Regional Estimates & Trend Analysis
- 7.1 Global Laser Processing Market Share by Region, 2021 & 2030
- 7.1.1 North America
- 1.1.1 Market Estimates and Forecasts, by product, 2017 - 2030 (USD Million)
- 1.1.2 Market Estimates and Forecasts, by process, 2017 - 2030 (USD Million)
- 1.1.3 Market Estimates and Forecast, by application, 2017 - 2030 (USD Million)
- 1.1.4 U.S.
- 1.4.1 Market Estimates and Forecasts, by product, 2017 - 2030 (USD Million)
- 1.4.2 Market Estimates and Forecasts, by process, 2017 - 2030 (USD Million)
- 1.4.3 Market Estimates and Forecast, by application, 2017 - 2030 (USD Million)
- 1.1.5 Canada
- 1.5.1 Market Estimates and Forecasts, by product, 2017 - 2030 (USD Million)
- 1.5.2 Market Estimates and Forecasts, by process, 2017 - 2030 (USD Million)
- 1.5.3 Market Estimates and Forecast, by application, 2017 - 2030 (USD Million)
- 7.1.2 Europe
- 1.2.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 1.2.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 1.2.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 1.2.4 U.K.
- 2.4.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 2.4.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 2.4.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 1.2.5 Germany
- 2.5.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 2.5.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 2.5.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 1.2.6 France
- 2.6.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 2.6.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 2.6.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 7.1.3 Asia Pacific
- 1.3.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 1.3.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 1.3.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 1.3.4 China
- 3.4.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 3.4.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 3.4.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 1.3.5 India
- 3.5.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 3.5.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 3.5.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 1.3.6 Japan
- 3.6.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 3.6.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 3.6.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 7.1.4 Latin America
- 1.4.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 1.4.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 1.4.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 1.4.4 Brazil
- 4.4.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 4.4.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 4.4.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 1.4.5 Mexico
- 4.5.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 4.5.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 4.5.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
- 7.1.5 Middle East & Africa (MEA)
- 1.5.1 Market Estimates and Segment Forecasts, by product, 2017 - 2030 (USD Million)
- 1.5.2 Market Estimates and Segment Forecasts, by process, 2017 - 2030 (USD Million)
- 1.5.3 Market estimates and segment forecast, by application, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1 Altec GmbH
- 8.1.1 Company overview
- 8.1.2 Financial performance
- 8.1.3 Product benchmarking
- 8.2 Alpha Nov laser
- 8.2.1 Company overview
- 8.2.2 Financial performance
- 8.2.3 Product benchmarking
- 8.2.4 Recent developments
- 8.3 Amada Co., Ltd
- 8.3.1 Company overview
- 8.3.2 Financial performance
- 8.3.3 Product benchmarking
- 8.3.4 Recent developments
- 8.4 Bystronic Laser AG
- 8.4.1 Company overview
- 8.4.2 Financial performance
- 8.4.3 Product benchmarking
- 8.4.4 Recent developments
- 8.5 Coherent Inc.
- 8.5.1 Company overview
- 8.5.2 Financial performance
- 8.5.3 Product benchmarking
- 8.5.4 Recent developments
- 8.6 Epilog Laser, Inc.
- 8.6.1 Company overview
- 8.6.2 Financial performance
- 8.6.3 Product benchmarking
- 8.7 Eurolaser GmbH
- 8.7.1 Company overview
- 8.7.2 Financial performance
- 8.7.3 Product benchmarking
- 8.7.4 Recent developments
- 8.8 Han's Laser Technology Industry Group Co., Ltd.
- 8.8.1 Company overview
- 8.8.2 Financial performance
- 8.8.3 Product benchmarking
- 8.9 IPG Photonics Corporation
- 8.9.1 Company overview
- 8.9.2 Product benchmarking
- 8.10 Newport Corporation (MKS Instruments, Inc.)
- 8.10.1 Company overview
- 8.10.2 Financial performance
- 8.10.3 Product benchmarking
- 8.10.4 Recent developments
- 8.11 Prima Industrie
- 8.11.1 Company overview
- 8.11.2 Financial performance
- 8.11.3 Product benchmarking
- 8.12 LaserStar Technologies Corporation
- 8.12.1 Company overview
- 8.12.2 Financial performance
- 8.12.3 Product benchmarking
- 8.12.4 Recent developments
- 8.13 The Needham Group (Needham Coding)
- 8.13.1 Company overview
- 8.13.2 Financial performance
- 8.13.3 Product benchmarking
- 8.14 Jenoptik Laser GmbH
- 8.14.1 Company overview
- 8.14.2 Financial performance
- 8.14.3 Product benchmarking
- 8.14.4 Recent developments
- 8.15 Q-Peak Inc.
- 8.15.1 Company overview
- 8.15.2 Financial performance
- 8.15.3 Product benchmarking
- 8.16 ROFIN-SINAR Technologies Inc.
- 8.16.1 Company overview
- 8.16.2 Product benchmarking
- 8.17 SEI Laser
- 8.17.1 Company overview
- 8.17.2 Financial performance
- 8.17.3 Product benchmarking
- 8.18.4 Recent developments
- 8.18 Trotec Laser
- 8.18.1 Company overview
- 8.18.2 Financial performance
- 8.18.3 Product benchmarking
- 8.19 Trumpf GmbH + Co. KG
- 8.19.1 Company overview
- 8.19.2 Financial performance
- 8.19.3 Product benchmarking
- 8.10.4 Recent developments
- 8.20 Universal Laser Systems, Inc.
- 8.20.1 Company overview
- 8.20.2 Financial performance
- 8.20.3 Product benchmarking
- 8.20.4 Recent developments
- 8.21 Xenetech Global Inc.
- 8.21.1 Company overview
- 8.21.2 Financial performance
- 8.21.3 Product benchmarking
- 8.21.4 Recent developments