Laser Marking Global Market Report 2022: Growing Adoption of Advanced Laser Marking Technologies Presents Opportunities

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Oct 20, 2022, 12:15 ET

DUBLIN, Oct. 20, 2022 /PRNewswire/ -- The "Laser Marking Market by Laser Type (Fiber Laser, Diode Laser, Solid-state Laser, CO2 Laser, UV Laser), Industry (Machine Tools, Semiconductor & Electronics, Automotive), Offering, Application, Method, Material and Region - Global Forecast to 2027" report has been added to  ResearchAndMarkets.com's offering.

The laser marking market is estimated to grow from USD 2.9 billion in 2022 to reach USD 4.1 billion by 2027; it is expected to grow at a CAGR of 7.2% from 2022 to 2027. The growth of the laser marking market can be attributed to higher performance of laser markers over traditional material marking techniques.

The laser marking market for laser engraving methods is expected to hold the largest share from 2022 to 2027.

Laser engraving is seeing a rapid rise in use cases for the technology in the industrial segment. One of the bigger segments is identification security, where laser engraving is ideal for credit cards, ID cards, sensitive documents, and other items requiring increased safety measures. Laser engraving is also being used for multiple new applications such as woodworking, metalworking, digital and retail signage, model-making, apparel shops, fabric shops, gadgets, and sports equipment.

The laser marking market for QR codes is expected to hold the largest share during the forecast period.

Laser marking market for QR codes is expected to hold the largest share during the forecast period. QR codes are used across different industries, such as construction, packaging, medical, automotive, and semiconductor. With specialized laser marking software, laser marking systems can directly mark QR Codes onto products made of almost any material. With the explosion of Smartphones, QR codes are becoming more commonplace and are scannable by a growing portion of the population. QR codes are becoming a standard for product identification. The QR code can link to a URL address such as a Facebook page, YouTube channel, or company website. With recent advancements, 3D codes have come into the picture, requiring 3-axis laser marking machines for marking uneven surfaces or hollow or cylindrical surfaces.

The laser marking market in North America to grow at the second highest CAGR during the forecast period.

The laser marking market in North America is expected to grow at the second highest CAGR during forecast period. The US, Canada, and Mexico are the major contributors to the growth of the laser marking market in North America. North America is one of the most technologically advanced regions and is a massive market for laser marking devices because of the presence of prominent system suppliers, large semiconductor companies, and automobile manufacturers. North America is a pivotal region for the growth of laser marking in machine tools, aerospace & defense, automotive, and semiconductor & electronics industries.

Market Dynamics

Drivers

  • Higher Performance of Laser Markers Over Traditional Material Marking Techniques
  • Increasing Adoption of Laser Markers in Various Industries
  • Growing Adoption of Smart Manufacturing Techniques
  • Shift Toward Production of Nanodevices and Microdevices

Restraints

  • High Deployment Cost

Opportunities

  • Growing Adoption of Advanced Laser Marking Technologies
  • Increasing Trend of Personalized Gifts

Challenges

  • Environmental Concerns Associated with Use of Rare-Earth Elements
  • Technical Complexities Related to High-Power Lasers

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Laser Marking Market, by Offering

7 Laser Marking Market, by Laser Type

8 Laser Marking Market, by Product Type

9 Laser Marking Market, by Machine Type

10 Laser Marking Market, by Method

11 Laser Marking Market, by Material

12 Laser Marking Market, by Application

13 Laser Marking Market, by Industry

14 Laser Marking Market, by Region

15 Competitive Landscape

16 Company Profiles

17 Appendix

Companies Mentioned

  • 600 Group
  • ACI Laser
  • Acsys Lasertechnik GmbH
  • Coherent, Inc.
  • Danaher Corp.
  • Datalogic S.P.A.
  • Epilog Laser
  • GCC World
  • Gravotech Marking
  • Han's Laser Technology Co., Ltd.
  • Heatsign
  • Huagong Tech Co., Ltd.
  • IPG Photonics Corp.
  • Jenoptik
  • Keyence Corp.
  • Lasea
  • Laserax
  • Laserstar Technologies Corp.
  • LNA Laser
  • Mecco
  • Novanta Inc.
  • Omron Corp.
  • Panasonic Corp.
  • Radian Laser Systems
  • RMI Laser
  • Telesis Technologies, Inc.
  • Trotec Laser GmbH
  • Trumpf

For more information about this report visit https://www.researchandmarkets.com/r/dfb2va

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