Industrial Laser Market, By Type (Co2, Fiber, Solid-State, and Others), By Application (Micro Machining, Macro Machining, and Laser Marking), By End-user (Aerospace and Defense, Automotive, Healthcare, Consumer Electronics, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Report Code: PMI373119 | Publish Date: May 2023 | No. of Pages: 168

Global Industrial Laser Market By Overview

Introduction

Industrial laser sector has been developing steadily in recent years. Industrial lasers have wide applications in industrial sector. These applications can deal with processing of materials and all other applications. The material processing includes welding, cutting, drilling, etc. these type of implementation generally requires high power lasers. The use of laser processing is growing in industries due to its easy automation to allow computer and robot control. The application of industrial laser in fiber optics has provided access to previously inaccessible locations.

Global Industrial Laser Market By Dynamics

Growing adoption of laser processing in industrial sector is easily attributed to factors, such as automation, which allow computer and robot control without any human intervention. This is mainly attributed to drive growth of the global industrial laser market. Increased expenditure by the government regarding reduction of the CO2 emissions is also expected to boost growth of the target market over the forecast period. In addition, automobile manufacturers are moving toward technological innovations in lasers to achieve the targets and maintain symmetry with stringent rules imposed by the government. However, industrial laser operations are required to be done by specialized workers. Hence, lack of technical expertise is a factor that may hamper growth of the global market. Nevertheless, integrating industrial lasers with advanced technological features is expected to create lucrative growth opportunities for the global market. An advanced technological feature includes GPS technology and sensors which is likely to boost their sale for application in various industries. Moreover, application of laser lettering systems in the production of consumer goods and industrial products is the major trend observed for the growth of the global market. Laser lettering systems are used mostly in the production of industrial products and consumer goods as well as in the automobile industry, plant assembly, and machinery. Laser markers are also advanced characteristics which has become more precise and useful for an increasing number of professional applications.

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Global Industrial Laser Market By Segmentation

The global industrial laser market is segmented based on type, application, end-user, and region.

On the basis of type, the global industrial laser market is segmented into Co2, fiber, solid-state, and others. Based on application, the target market is classified into micro machining, macro machining, and laser marking. On the basis of end-user, the global market is segmented into aerospace and defense, automotive, healthcare, consumer electronics, and others.

 Regional Insights:

Based on region the global industrial laser market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to have a significant market share for the target market over the forecast period. This is mainly attributed due to growing healthcare sector in this region. Additionally, laser finds numerous applications in medical applications due to the precision that they offer to the activities performed. Medical lasers are used to precisely focus light sources to treat or remove tissues. This precision is made possible with the introduction of industrial lasers. Moreover, the increased expenditure by the government in the US army has contributed to significant enhancements in laser technology.

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Global Industrial Laser Market, By Type:

  • Co2
  • Fiber
  • Solid-State
  • Others

Global Industrial Laser Market, By Application:

  • Micro machining
  • Macro machining
  • Laser Marking

Global Industrial Laser Market, By End-user:

  • Aerospace and Defense
  • Automotive
  • Healthcare
  • Consumer Electronics
  • Others

Global Industrial Laser Market, By Region:

      • North America
        • North America Industrial Laser Market, By Type
        • North America Industrial Laser Market, By Application
        • North America Industrial Laser Market, By End-user
        • North America Industrial Laser Market, By Country
          • U.S.
          • Canada
      • Europe
        • Europe Industrial Laser Market, By Type
        • Europe Industrial Laser Market, By Application
        • Europe Industrial Laser Market, By End-user
        • Europe Industrial Laser Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Industrial Laser Market, By Type
        • Asia Pacific Industrial Laser Market, By Application
        • Asia Pacific Industrial Laser Market, By End-user
        • Asia Pacific Industrial Laser Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific                                                                                                                 
      • Latin America
        • Latin America Industrial Laser Market, By Type
        • Latin America Industrial Laser Market, By Application
        • Latin America Industrial Laser Market, By End-user
        • Latin America Industrial Laser Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Industrial Laser Market, By Type
        • Middle East & Africa Industrial Laser Market, By Application
        • Middle East & Africa Industrial Laser Market, By End-user
        • Middle East & Africa Industrial Laser Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Industrial Laser Market By Key Players

The key players operating the global industrial laser market involves Fraunhofer IOF, Jack's Machine Company, Inc., Clark-MXR, Inc., Rofin-Sinar, IPG Photonics, MB Metal Technologies, Inc., Huagong Tech, Han's Laser, Daheng New Epoch Technology, Tianhong Laser, Wuhan Golden Laser, and TRUMPF. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

Global Industrial Laser Market By Company Profile

      • Fraunhofer IOF*
        • Company Overview
        • Chipset Portfolio
        • Key Highlights
        • Financial Performance
  • Jack's Machine Company, Inc.
  • Clark-MXR, Inc.
  • Rofin-Sinar
  • IPG Photonics
  • MB Metal Technologies, Inc.
  • Huagong Tech
  • Han's Laser
  • Daheng New Epoch Technology
  • Tianhong Laser
  • Wuhan Golden Laser
  • TRUMPF

“*” marked represents similar segmentation in other categories in the respective section

Global Industrial Laser Market By Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By End-user
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  4. Global Industrial Laser Market, By Type, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Co2
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Fiber
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Solid-State
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Industrial Laser Market, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Micro Machining
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Macro Machining
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Laser Marking
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Industrial Laser Market, By End-user, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Aerospace and Defense
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Automotive
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Consumer Electronics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Industrial Laser Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By End-user, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  9. Company Profiles
      • Fraunhofer IOF
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
      • Jack's Machine Company, Inc.
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
      • Clark-MXR, Inc.
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
      • Rofin-Sinar
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
      • IPG Photonics
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
      • MB Metal Technologies, Inc.
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
      • Huagong Tech
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
      • Han's Laser
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
      • Daheng New Epoch Technology
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
      • Daheng New Epoch Technology
        • Company Overview
        • Product Type Portfolio
        • Key Highlights
        • Financial Overview
  10. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

The Global Industrial Laser Market is segmented into type, application, end-user, and region.

The worldwide industrial laser market is being driven by the emerging technologies in the industrial lasers industry.

By region, North America is expected to have a significant market share for the target market over the forecast period.

The Key players operating in the Global Industrial Laser Market include Fraunhofer IOF, Jack's Machine Company, Inc., Clark-MXR, Inc., Rofin-Sinar, IPG Photonics, MB Metal Technologies, Inc., Huagong Tech, Han's Laser, Daheng New Epoch Technology, Tianhong Laser, Wuhan Golden Laser, and TRUMPF.