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Laser Processing Market

Laser Processing Market (By Process - Material processing, Marking and Engraving and Micro-processing) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Laser Processing Market - Overview

In recent years, laser processing market has been witnessing smooth growth owing to its precision and accuracy in industrial and manufacturing processes. Laser processing technique is being widely adopted in automotive sectors, machine tools, medical field, and microelectronics. Widening application range of the techniques is augmenting growth of laser processing market.

Further, the market is anticipated to show significant growth in coming years, owing to the usage of technique in drilling, welding, cutting, engraving, marking, and drilling. Laser cutting provides high processing rate, provides required amount heat input into the material. This improves the quality of edges.

In addition, favorable government regulatory pertaining to use of laser processing techniques for marking and engraving of products are anticipated to influence the growth of laser processing market.

Rising demand for laser processing techniques in microelectronics and medical sector are expected to push horizon of global laser processing market. Laser based welding plays a vital role in manufacturing of medical devices. Some of the key medical devices where laser processing technique is used are manufacture of implantable device, surgical tools with ultra-fine wires, and pacemakers.

Moreover, adoption of laser technology for surgical purposes is one field providing tremendous growth opportunities for growth of the laser processing market. Government regulations concerning to the use of laser in medical field is anticipated to fuel the market growth in coming years.

Advantages of laser technology for material processing over other conventional techniques are fueling the adoption of laser technology in industrial processes. Laser technology is used for processing wide range of materials including metals, non-metals, polymers, glass, rubber and others. This encourages manufacturers to adopt laser technology in their manufacturing operations. Growing automobile and aerospace industry across Europe and Asia Pacific regions is expected to drive demand for laser processing systems during the forecast period. Furthermore, laser processing systems are expected to witness high demand during the forecast period owing to the rising consumer electronics industry in countries such as China, South Korea and others.

Laser processing systems offer accurate processes at low costs as compared to conventional methods such as waterjet cutting, flame cutting and other processing methods. In addition, laser technology also offers permanent marking on consumer goods, electronic equipment and other products. Due to government regulations regarding clear marking on consumer products such as food, pharmaceuticals and others, laser technology is expected to be widely adopted for marking and engraving purpose. Furthermore, advanced laser products such as fiber lasers are expected to boost the demand for laser processing in manufacturing operations. These lasers offer large number of applications and are highly cost effective as compared to other laser products.

Material processing using laser technology led the global laser processing market with highest revenue share in 2013. This was mainly due to large number of applications offered by laser technology. Laser technology provides high precision cutting, welding, drilling and marking and engraving without damaging the material. Additionally, laser technology enables clean processes and minimal human intervention which helps in minimizing errors. 

In 2013, Asia Pacific held the largest market share and accounted for 42.6% of the global laser processing market. This growth was attributed to the high demand for laser technology in material processing from original equipment manufacturers (OEM) in the region. The Asia Pacific region is also expected to be the fastest growing regional market for laser processing owing to the rise in number of manufacturing plants of different companies across this region.  High demand for laser technology is majorly from countries such as Japan, China and South Korea. China is among the leading contributors to the laser processing market owing to high industry growth and presence of laser machine manufacturers such as Han’s Laser Technology Co. Ltd.

The global market for laser processing was dominated by leading players such as Trumpf GmbH + Co. KG, Amada Co. Ltd., Han’s Laser Technology Co. Ltd. and Rofin-Sinar Technologies Inc.  These players together accounted for 49.4% share in 2013. The competition among these companies is expected to remain high over the forecast period. Other players in the laser processing market include Coherent Inc., Eurolaser GmbH, Epilog Laser Inc., IPG Photonics Corporation, Bystronic Laser AG and others.

Technological Advances Improves Efficiency and Quality of Products in Laser Processing Market

Laser processing has gained widespread adoption in machining of a wide variety of materials. The technology has become a key part of contemporary as well as some modern methods of machining and processing of metals in various industries world over. The laser processing market seems have to come a long way, in relation to continuous strides in the speed of the processes and efficiency. Over the past few decades, numerous new technologies have come to the front and a few have seen global commercialization. Some of the applications that have driven the revenue in the laser processing market are laser welding, surface texturing, thin film laser ablation, drilling and cutting, and additive manufacturing. Rise in adoption of the additive manufacturing methods has spurred the adoption of laser processing in several manufacturing industries over the past few years. Industry stakeholders in the laser processing market are in the relentless pursuit of improving the quality and energy efficiency of the processes.  Growing utilization of laser processing techniques in surface contouring is a key trend in the market. Medical sector is expected to contribute substantial revenue prospects for manufacturers and vendors. Another promising applications area is electronics manufacturing, as laser processing is being utilized to yield thin film patterning in range of consumer electronics.

The COVID-19 pandemic and the subsequent outbreaks has caused devastating and unprecedented impacts on economic activities across the world. The government-imposed lockdowns that were the staple of many parts of the developing and developed nations crippled supply chain and logistics, especially in 2020. The pandemic is still persistent in some parts of the world, causing uncertainties. The post-pandemic world thus saw new business models in various industries, including in materials and product manufacturing sector. The laser processing market also witnessed loss of valuation due to prolonged decline in demand in the second quarter of 2020. Come 2021, the scenario has changed and industry players have become optimistic about related industries regain equilibrium in the near future. This will also spur the adoption of new, agile strategic models in the laser processing market.

Laser Processing Market

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Chapter 1 Preface

1.1 Report Description

1.2 Market Segmentation

1.3 Research Methodology

      1.3.1 Sources

               1.3.1.1 Secondary Research

               1.3.1.2 Primary Research

 

Chapter 2 Executive Summary

2.1 Market Snapshot: Global Laser Processing Market (2013 & 2020)

2.2 Global Laser Processing Market, 2012 – 2020, Revenue (USD Million) and Y-o-Y Growth (%)

 

Chapter 3 Global Laser Processing Market Overview

3.1 Introduction

3.2 Market Dynamics

      3.2.1 Drivers

               3.2.1.1 Number of advantages of laser technology over other conventional material processing technologies

               3.2.1.2 Government regulations for mandatory use of laser technology in marking and engraving of products

               3.2.1.3 Increasing use of laser drilling in oil and gas exploration fields

               3.2.1.4 Rising application of laser products in medical surgeries and devices

               3.2.1.5 Impact Analysis of Drivers

      3.2.2 Restraints

               3.2.2.1 Growing environmental concerns regarding rare earth elements mining

               3.2.2.2 High initial costs involved with laser processing machines

               3.2.2.3 Impact Analysis of Restraints

      3.2.3 Opportunities

               3.2.3.1 Rising use of disk lasers in industrial applications

               3.2.3.2 Emerging applications for laser technology

3.3 Market Trends and Future Outlook

      3.3.1 Current Trends

               3.3.1.1 Increasing use of ultra-short lasers for industrial processes

               3.3.1.2 Rising adoption of laser technology in additive manufacturing

      3.3.2 Future Outlook

               3.3.2.1 Laser melting for 3D printing in different applications such as jewelry, aerospace and medical

3.4 Value Chain Analysis: Global Laser Processing  Market

3.5 Porter’s Five Forces Analysis: Global Laser Processing Market

      3.5.1 Bargaining Power of Suppliers

      3.5.2 Bargaining Power of Buyers

      3.5.3 Threat of New Entrants

      3.5.4 Threat from Substitutes

      3.5.5 Degree of Competition

3.6 Market Attractiveness Analysis: Global Laser Processing Market, by Product Type

3.7 Competitive Landscape

      3.7.1 Summary

      3.7.2 Market Share Analysis, by Key Players, 2013 (Value %)

 

Chapter 4 Global Laser Processing Market Revenue, by Product Type

4.1 Overview

      4.1.1 Global Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

      4.1.2 Comparative Analysis: Global Laser Processing Market Shares, by Product Type, 2013 & 2020 (Value %)

4.2 Gas Lasers

      4.2.1 Global Gas Lasers Market Revenue and Forecast, 2012 – 2020 (USD Million)

4.3 Solid-State Lasers

      4.3.1 Global Solid-State Lasers Market Revenue and Forecast, 2012 – 2020 (USD Million)

4.4 Fiber Lasers

      4.4.1 Global Fiber Lasers Market Revenue and Forecast, 2012 – 2020 (USD Million)

4.5 Other (Excimer, Semiconductor, Dye) Lasers

      4.5.1 Global Other (Excimer, Semiconductor, Dye) Lasers Market Revenue and Forecast, 2012 – 2020 (USD Million)

 

Chapter 5 Global Laser Processing Market Revenue, by Process

5.1 Overview

      5.1.1 Global Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

      5.1.2 Comparative Analysis: Global Laser Processing Market Shares, by Process, 2013 & 2020 (Value %)

5.2 Material Processing

      5.2.1 Global Material Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

5.3 Laser Marking and Engraving

      5.3.1 Global Laser Marking and Engraving Market Revenue and Forecast, 2012 – 2020 (USD Million)

5.4 Laser Micro-Processing

      5.4.1 Global Micro-Processing Laser Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

 

Chapter 6 Global Laser Processing Market Revenue, by End-Use Industry

6.1 Overview

      6.1.1 Global Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

      6.1.2 Comparative Analysis: Global Laser Processing Market Shares, by Industry, 2013 & 2020 (Value %)

6.2 Automotive

      6.2.1 Global Laser Processing Application in Automotive Market Revenue and Forecast, 2012 – 2020 (USD Million)

6.3 Aerospace

      6.3.1 Global Laser Processing Application in Aerospace Market Revenue and Forecast, 2012 – 2020 (USD Million)

6.4 Original Equipment Manufacturers (OEM)

      6.4.1 Global Laser Processing Application in Original Equipment Manufacturers (OEM) Market Revenue and Forecast, 2012 – 2020 (USD Million)

6.5 Electronics and Micro-Electronics

      6.5.1 Global Electronics and Micro-Electronics Market Revenue and Forecast, 2012 – 2020 (USD Million)

6.6 Medical Treatment and Devices

      6.6.1 Global Laser Processing Application in Medical Treatment and Devices Market Revenue and Forecast, 2012 – 2020 (USD Million)

6.7 Packaging

      6.7.1 Global Laser Processing Application in Packaging Market Revenue and Forecast, 2012 – 2020 (USD Million)

 

Chapter 7 Global Laser Processing Market Revenue, by Geography

7.1 Overview

      7.1.1 Global Laser Processing Market Revenue and Forecast, by Geography, 2012 – 2020 (USD Million)

      7.1.2 Comparative Analysis: Global Laser Processing Market Shares, by Geography, 2013 & 2020 (Value %)

7.2 North America

      7.2.1 North America Laser Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

      7.2.2 North America Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

      7.2.3 North America Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

      7.2.4 North America Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

7.3 Europe

      7.3.1 Europe Laser Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

      7.3.2 Europe Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

      7.3.3 Europe Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

      7.3.4 Europe Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

7.4 Asia Pacific

      7.4.1 Asia Pacific Laser Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

      7.4.2 Asia Pacific Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

      7.4.3 Asia Pacific Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

      7.4.4 Asia Pacific Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

7.5 Rest of the World (RoW)

      7.5.1 Rest of the World Laser Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

      7.5.2 Rest of the World Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

      7.5.3 Rest of the World Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

      7.5.4 Rest of the World Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

 

Chapter 8 Company Profiles

8.1 Trumpf GmbH + Co. KG

      8.1.1 Company Overview

      8.1.2 Financial Overview

      8.1.3 Business Strategies

      8.1.4 Recent Developments

8.2 Universal Laser Systems Inc.

      8.2.1 Company Overview

      8.2.2 Financial Overview

      8.2.3 Business Strategies

      8.2.4 Recent Developments

8.3 Amada Co. Ltd.

      8.3.1 Company Overview

      8.3.2 Financial Overview

      8.3.3 Business Strategies

      8.3.4 Recent Developments

8.4 Coherent Inc.

      8.4.1 Company Overview

      8.4.2 Financial Overview

      8.4.3 Business Strategies

      8.4.4 Recent Developments

8.5 IPG Photonics Corporation

      8.5.1 Company Overview

      8.5.2 Financial Overview

      8.5.3 Business Strategies

      8.5.4 Recent Developments

8.6 Newport Corporation

      8.6.1 Company Overview

      8.6.2 Financial Overview

      8.6.3 Business Strategies

      8.6.4 Recent Developments

8.7 Rofin-Sinar Technologies Inc.

      8.7.1 Company Overview

      8.7.2 Financial Overview

      8.7.3 Business Strategies

      8.7.4 Recent Developments

8.8 Bystronic Laser AG

      8.8.1 Company Overview

      8.8.2 Financial Overview

      8.8.3 Business Strategies

      8.8.4 Recent Developments

8.9 Eurolaser GmbH

      8.9.1 Company Overview

      8.9.2 Financial Overview

      8.9.3 Business Strategies

      8.9.4 Recent Developments

8.10 Epilog Laser Inc.

      8.10.1 Company Overview

      8.10.2 Financial Overview

      8.10.3 Business Strategies

      8.10.4 Recent Developments

8.11 Prima Industrie S.p.A.

      8.11.1 Company Overview

      8.11.2 Financial Overview

      8.11.3 Business Strategies

      8.11.4 Recent Developments

8.12 LaserStar Technologies Corporation

      8.12.1 Company Overview

      8.12.2 Financial Overview

      8.12.3 Business Strategies

      8.12.4 Recent Developments

8.13 Jenoptik Laser GmbH

      8.13.1 Company Overview

      8.13.2 Financial Overview

      8.13.3 Business Strategies

      8.13.4 Recent Developments

8.14 Han’s Laser Technology Co. Ltd.

      8.14.1 Company Overview

      8.14.2 Financial Overview

      8.14.3 Business Strategies

      8.14.4 Recent Developments

List of Tables

TABLE 1 Market Snapshot: Global Laser Processing Market (2013 & 2020)

TABLE 2 Comparative Analysis of Material Processing Technologies

TABLE 3 Impact Analysis of Drivers

TABLE 4 Impact Analysis of Restraints

TABLE 5 Global Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

TABLE 6 Global Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

TABLE 7 Global Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

TABLE 8 Global Laser Processing Market Revenue and Forecast, by Geography, 2012 – 2020 (USD Million)

TABLE 9 North America Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

TABLE 10 North America Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

TABLE 11 North America Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

TABLE 12 Europe Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

TABLE 13 Europe Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

TABLE 14 Europe Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

TABLE 15 Asia Pacific Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

TABLE 16 Asia Pacific Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

TABLE 17 Asia Pacific Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

TABLE 18 Rest of the World Laser Processing Market Revenue and Forecast, by End-use Industry, 2012 – 2020 (USD Million)

TABLE 19 Rest of the World Laser Processing Market Revenue and Forecast, by Product Type, 2012 – 2020 (USD Million)

TABLE 20 Rest of the World Laser Processing Market Revenue and Forecast, by Process, 2012 – 2020 (USD Million)

List of Figures

FIG. 1 Market Segmentation: Global Laser Processing Market

FIG. 2 Global Laser Processing Market, 2012 – 2020, Revenue (USD Million) and Y-o-Y Growth (%)

FIG. 3 Global Laser Processing Market, by End-Use Industry, 2013 (USD Million)

FIG. 4 Global Laser Processing Market, by Product Type, 2013 (USD Million)

FIG. 5 Global Laser Processing Market, by Process, 2013 (USD Million)

FIG. 6 Global Laser Processing Market, by Geography, 2013 (USD Million)

FIG. 7 Value Chain Analysis: Global Laser Processing Market

FIG. 8 Porter’s Five Forces Analysis: Global Laser Processing Market

FIG. 9 Market Attractiveness Analysis: Global Laser Processing Market Analysis, by Product Type

FIG. 10 Laser Processing: Global Market Share, by Key Players, 2013 (Value %)

FIG. 11 Comparative Analysis: Global Laser Processing Market Shares, by Product Type, 2013 & 2020 (Value %)

FIG. 12 Global Gas Lasers Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 13 Global Solid-State Lasers Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 14 Global Fiber Lasers Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 15 Global Other (Excimer, Semiconductor, Dye) Lasers Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 16 Comparative Analysis: Global Laser Processing Market Shares, by Process, 2013 & 2020 (Value %)

FIG. 17 Global Material Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 18 Global Laser Marking and Engraving Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 19 Global Micro-Processing Laser Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 20 Comparative Analysis: Global Laser Processing Market Shares, by End-Use Industry, 2013 & 2020 (Value %)

FIG. 21 Global Laser Processing Application in Automotive Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 22 Global Laser Processing Application in Aerospace Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 23 Global Laser Processing Application in Original Equipment Manufacturers (OEM) Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 24 Global Electronics and Micro-Electronics Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 25 Global Laser Processing Application in Medical Treatment and Devices Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 26 Global Laser Processing Application in Packaging Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 27 Comparative Analysis: Global Laser Processing Market Shares, by Geography, 2013 & 2020 (Value %)

FIG. 28 North America Laser Processing Market Revenue, 2012 – 2020 (USD Million)

FIG. 29 Europe Laser Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 30 Asia Pacific Laser Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 31 Rest of the World Laser Processing Market Revenue and Forecast, 2012 – 2020 (USD Million)

FIG. 32 Trumpf GmbH + Co. KG: Annual Revenue, 2011 – 2013 (USD Billion)

FIG. 33 Amada Co. Ltd.: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 34 Coherent Inc.: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 35 IPG Photonics Corporation: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 36 Newport Corporation: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 37 Rofin-Sinar Technologies Inc.: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 38 Bystronic Laser AG: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 39 Prima Industrie S.p.A.: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 40 Jenoptik Laser GmbH.: Annual Revenue, 2011 – 2013 (USD Million)

FIG. 41 Han’s Laser Technology Co. Ltd.: Annual Revenue, 2011 – 2013 (USD Million)

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