Market Overview:
Laser Marking Market Size Was Valued at USD 3.28 Billion in 2022 and is Projected to Reach USD 6.11 Billion by 2030, Growing at a CAGR of 8.1% From 2023-2030.
Laser marking is a process that involves using a concentrated beam of light to leave a permanent mark on a material's surface. This technique is effective on a variety of materials, including metals like steel, titanium, and aluminum, as well as ceramics, plastics, glass, wood, paper, and cardboard. Laser marking is commonly used in the manufacturing industry because it allows for the creation of permanent markings, such as brand names, batch numbers, and other product-related information. Additionally, it's possible to engrave 1D and 2D barcodes, logos, patterns, dates of production, and other features that help with product identification and security. Laser marking is a highly efficient process, making it suitable for mechanization and processing at high rates.
Top Key Players Covered In The Laser Marking Market:
- Coherent (US)
- Hans Laser (China)
- Trumpf (Germany)
- Gravotech (France)
- Jenoptik (US)
- Epilog Laser (US)
- 600 Group (UK)
- Mecco (US)
- Laserstar (US)
- Novanta (US), and other major players.
Market Dynamics and Factors:
The automotive industry is a major user of laser marking technology, as it requires permanent marking for parts traceability, branding, and other purposes. The increasing adoption of laser marking technology in the automotive industry is driving the growth of the market. The development of advanced laser marking systems, including fiber lasers, CO2 lasers, and UV lasers, is driving the growth of the market. These advanced systems offer high-speed marking, high precision, and improved efficiency, making them ideal for various industrial applications. These are fueling the growth of the global laser marking market in the coming years.
Emerging economies such as China, India, and Brazil are expected to witness significant growth in the manufacturing and automotive industries. This presents a significant opportunity for laser marking companies to expand their customer base and market share in these regions. The adoption of Industry 4.0 and IoT technologies in various industries is expected to drive the demand for laser marking technology, as it offers high-speed and precise marking capabilities, which are essential for these technologies. these opportunities are expected to drive the growth of the global laser marking market in the coming years.
The Laser Marking Market Report Highlight:
- By Type, the Fiber lasers are anticipated to lead the growth of the Laser Marking market in the forecasted timeframe. Fiber lasers are widely used for marking various materials, including metals, plastics, and ceramics, and offer a range of benefits such as improved marking quality, flexibility, and durability.
- By Application, the Automotive segment is expected to have the highest share of the Laser Marking market over the projected period. Laser marking is widely used in the automotive industry for marking components such as engines, chassis, and wheels.
- The Asia Pacific region is expected to have the highest share of the Laser Marking market over the projected period. China is the largest market in the region. This is mainly due to the presence of a large number of manufacturing industries in China.
Key Industry Development:
- In April 2022, TRUMPF introduced new product lines of TruMicro ultrashort pulse (USP) lasers, which include the TruMicro 6000 and TruMicro 2000 families. These lasers come equipped with advanced technology platforms that increase power and versatility, making them ideal for use in electronic manufacturing.
- In April 2022, InnovMetric developed PolyWorks 2022, The new release features additional functionalities that expand the capabilities of the ecosystem's foundations. These added features are especially useful for multipiece inspections when CAD data is not available. Overall, PolyWorks 2022 offers a significant improvement to the 3D metrology digital ecosystem.
Laser Marking Market Segmentation:
By Type
- Fiber Laser
- CO2
- Green
- Other Types
By Application
- Machine Tool
- Electronics & Microelectronics
- Automotive
- Medical
- Aerospace
- Other Applications
For this report, Introspective Market Research has segmented the Laser Marking Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
