Product Code: 978-1-68038-272-3
Laser Processing Market Growth & Trends:
The global laser processing market size is expected to reach USD 42.73 billion by 2030, registering a CAGR of 10.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. 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:
- The gas lasers segment led the market in 2024, accounting for over 65% of the global revenue. Laser cutting is increasingly used for processing metals and alloys, allowing for fast, precise cuts with minimal waste.
- The material processing segment accounted for the largest market revenue share in 2024. Laser processing is essential for metals due to its ability to achieve precise cuts, welds, and engravings, which are highly valued in the automotive and aerospace industries.
- The machine tools segment accounted for the largest market revenue share in 2024. Fiber lasers are increasingly popular in machine tools due to their high efficiency, power output, and lower maintenance requirements compared to CO? lasers.
- North America laser processing market has a significant revenue share of over 29% in 2024. North America is witnessing strong growth in laser processing, largely driven by the automotive and aerospace industries.
- The laser processing market in the Asia Pacific region is anticipated to register the highest CAGR over the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Laser Processing Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.3.3. Industry Opportunities
- 3.3.4. Industry Challenges
- 3.4. Laser Processing Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Laser Processing Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Laser Processing Market: Product Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Gas Lasers
- 4.3.1. Gas Lasers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Solid State Lasers
- 4.4.1. Solid State Lasers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Fiber Lasers
- 4.5.1. Fiber Lasers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Others
- 4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Laser Processing Market: Process Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Laser Processing Market: Process Movement Analysis, 2024 & 2030 (USD Million)
- 5.3. Material Processing
- 5.3.1. Material Processing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Marking and Engraving
- 5.4.1. Marking and Engraving Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Micro-Processing
- 5.5.1. Micro-Processing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Laser Processing Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Laser Processing Market: End Use Movement Analysis, 2024 & 2030 (USD Million)
- 6.3. Automotive
- 6.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Aerospace
- 6.4.1. Aerospace Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Machine Tools
- 6.5.1. Machine Tools Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Electronics and Microelectronics
- 6.6.1. Electronics and Microelectronics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Medical
- 6.7.1. Medical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Packaging
- 6.8.1. Packaging Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Laser Processing Market: Regional Estimates & Trend Analysis
- 7.1. Laser Processing Market Share, By Region, 2024 & 2030 (USD Million)
- 7.2. North America
- 7.2.1. North America Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.2. North America Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.2.3. North America Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.2.4. North America Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. U.S. Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.5.2. U.S. Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.2.5.3. U.S. Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.2.5.4. U.S. Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.6.2. Canada Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.2.6.3. Canada Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.2.6.4. Canada Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.2.7.2. Mexico Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.2.7.3. Mexico Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.2.7.4. Mexico Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.2. Europe Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.3.3. Europe Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.3.4. Europe Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.3.5. UK
- 7.3.5.1. UK Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.5.2. UK Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.3.5.3. UK Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.3.5.4. UK Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.3.6. Germany
- 7.3.6.1. Germany Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.6.2. Germany Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.3.6.3. Germany Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.3.6.4. Germany Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.3.7. France
- 7.3.7.1. France Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.3.7.2. France Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.3.7.3. France Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.3.7.4. Frace Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.2. Asia Pacific Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.4.3. Asia Pacific Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.4.4. Asia Pacific Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.5. China
- 7.4.5.1. China Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.5.2. China Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.4.5.3. China Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.4.5.4. China Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.6. Japan
- 7.4.6.1. Japan Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.6.2. Japan Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.4.6.3. Japan Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.4.6.4. Japan Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.7. India
- 7.4.7.1. India Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.7.2. India Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.4.7.3. India Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.4.7.4. India Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.8.2. South Korea Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.4.8.3. South Korea Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.4.8.4. South Korea Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.4.9. Australia
- 7.4.9.1. Australia Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4.9.2. Australia Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.4.9.3. Australia Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.4.9.4. Australia Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.2. Latin America Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.5.3. Latin America Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.5.4. Latin America Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Brazil Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5.5.2. Brazil Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.5.5.3. Brazil Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.5.5.4. Brazil Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East and Africa Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.2. Middle East and Africa Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.6.3. Middle East and Africa Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.6.4. Middle East and Africa Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6.5. Saud Arabia
- 7.6.5.1. Saud Arabia Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.5.2. Saudi Arabia Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.6.5.3. Saudi Arabia Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.6.5.4. Saudi Arabia Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. UAE Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.6.2. UAE Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.6.6.3. UAE Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.6.6.4. UAE Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. South Africa Laser Processing Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6.7.2. South Africa Laser Processing Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 7.6.7.3. South Africa Laser Processing Market Estimates and Forecasts, by Process, 2018 - 2030 (USD Million)
- 7.6.7.4. South Africa Laser Processing Market Estimates and Forecasts, by End Use, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping
- 8.6. Company Profiles
- 8.6.1. Altec GmbH
- 8.6.1.1. Participant's Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.1.4. Recent Developments
- 8.6.2. Alpha Nov Laser
- 8.6.2.1. Participant's Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.2.4. Recent Developments
- 8.6.3. Amada Co., Ltd.
- 8.6.3.1. Participant's Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.3.4. Recent Developments
- 8.6.4. Bystronic Laser AG
- 8.6.4.1. Participant's Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.4.4. Recent Developments
- 8.6.5. Coherent Inc.
- 8.6.5.1. Participant's Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.5.4. Recent Developments
- 8.6.6. Epilog Laser, Inc.
- 8.6.6.1. Participant's Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.6.4. Recent Developments
- 8.6.7. Eurolaser GmbH
- 8.6.7.1. Participant's Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.7.4. Recent Developments
- 8.6.8. Han's Laser Technology Industry Group Co., Ltd.
- 8.6.8.1. Participant's Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.8.4. Recent Developments
- 8.6.9. IPG Photonics Corporation
- 8.6.9.1. Participant's Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.9.4. Recent Developments
- 8.6.10. Newport Corporation (MKS Instruments, Inc.)
- 8.6.10.1. Participant's Overview
- 8.6.10.2. Financial Performance
- 8.6.10.3. Product Benchmarking
- 8.6.10.4. Recent Developments
- 8.6.11. LaserStar Technologies Corporation
- 8.6.11.1. Participant's Overview
- 8.6.11.2. Financial Performance
- 8.6.11.3. Product Benchmarking
- 8.6.11.4. Recent Developments
- 8.6.12. Coherent Inc.
- 8.6.12.1. Participant's Overview
- 8.6.12.2. Financial Performance
- 8.6.12.3. Product Benchmarking
- 8.6.12.4. Recent Developments
- 8.6.13. IPG Photonics Corporation
- 8.6.13.1. Participant's Overview
- 8.6.13.2. Financial Performance
- 8.6.13.3. Product Benchmarking
- 8.6.13.4. Recent Developments
- 8.6.14. Newport Corporation
- 8.6.14.1. Participant's Overview
- 8.6.14.2. Financial Performance
- 8.6.14.3. Product Benchmarking
- 8.6.14.4. Recent Developments
- 8.6.15. Trumpf GmbH + Co. KG
- 8.6.15.1. Participant's Overview
- 8.6.15.2. Financial Performance
- 8.6.15.3. Product Benchmarking
- 8.6.15.4. Recent Developments
- 8.6.16. Universal Laser Systems, Inc.
- 8.6.16.1. Participant's Overview
- 8.6.16.2. Financial Performance
- 8.6.16.3. Product Benchmarking
- 8.6.16.4. Recent Developments
- 8.6.17. Xenetech Global Inc.
- 8.6.17.1. Participant's Overview
- 8.6.17.2. Financial Performance
- 8.6.17.3. Product Benchmarking
- 8.6.17.4. Recent Developments