THe global industrial laser systems market was valued at $17,345.8 million in 2020, and is projected to reach $34,764.6 million by 2030, registering a CAGR of 7.2% from 2021 to 2030. Laser system is an emission of radiation with specific wavelength, which creates light of very high intensity. These systems are used in wide range of applications such as welding, cutting, additive manufacturing, and non-metal processing. Lasers with superior beam quality generate smaller linewidths, faster marking speeds, and better outlines. The laser may also be used to print serial numbers on the products and packaging, bar codes, logos, 2D data matrix on wide variety of materials making it highly versatile for industrial and commercial applications.
The growth of the industrial laser systems market is driven by increase in green manufacturing and eco-friendly technology. Furthermore, increase in adoption of laser systems in automotive, electronics, and medical sectors is fostering the market growth forward. In addition, higher speeds and high electrical efficiency at relatively lower running costs boost the growth of the industrial lasers systems market. Moreover, lasers allow efficient cutting of metals such as copper, aluminum, and brass, as there is no fear of reflections that can damage the machine. This factor is expected to have a high impact on the lasers systems market in coming years.
Furthermore, market players are focused on developing advanced laser system machines for industrial applications to enhance productivity, reduce production time & cost, and offer stability. For instance, in July 2020, IPG Photonics Corporation launched YRL-U Series infrared fiber laser system, which offers highest industrial grade kilowatt for continuous wave lasers. The new machine is small in size and less weight that provides enhanced performance in an ultra-compact form factor with a record power to volume ratio.
The global industrial laser systems market is segmented on the basis of type, power, application, and region. On the basis of type, the market is divided into macro-processing and micro-processing. Depending on power, it is bifurcated into less than 1 kW and more than 1.1 kW. By application, it is segregated into cutting, welding, non-metal processing, additive manufacturing, and others. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players that operating in the global industrial laser systems market are Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, LUMIBIRD, TRUMPF Group, and Toptica Photonics AG.
The growth of the industrial laser systems market is driven by increase in green manufacturing and eco-friendly technology. Furthermore, increase in adoption of laser systems in automotive, electronics, and medical sectors is fostering the market growth forward. In addition, higher speeds and high electrical efficiency at relatively lower running costs boost the growth of the industrial lasers systems market. Moreover, lasers allow efficient cutting of metals such as copper, aluminum, and brass, as there is no fear of reflections that can damage the machine. This factor is expected to have a high impact on the lasers systems market in coming years.
Furthermore, market players are focused on developing advanced laser system machines for industrial applications to enhance productivity, reduce production time & cost, and offer stability. For instance, in July 2020, IPG Photonics Corporation launched YRL-U Series infrared fiber laser system, which offers highest industrial grade kilowatt for continuous wave lasers. The new machine is small in size and less weight that provides enhanced performance in an ultra-compact form factor with a record power to volume ratio.
The global industrial laser systems market is segmented on the basis of type, power, application, and region. On the basis of type, the market is divided into macro-processing and micro-processing. Depending on power, it is bifurcated into less than 1 kW and more than 1.1 kW. By application, it is segregated into cutting, welding, non-metal processing, additive manufacturing, and others. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players that operating in the global industrial laser systems market are Amonics Ltd., Apollo Instruments Inc., Coherent Inc., IPG Photonics Corporation, Jenoptik Laser GmbH, CY Laser SRL, NKT Photonics A/S, LUMIBIRD, TRUMPF Group, and Toptica Photonics AG.
Key Benefits For Stakeholders
- The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.
- The Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
- The key market players are profiled to gain an understanding of the strategies adopted by them.
- This report provides a detailed analysis of the current trends and future estimations from 2021 to 2030, which helps identify the prevailing market opportunities.
Key Market Segments
By Type
- Macro processing
- Micro processing
By Power
- Less than 1 kW
- More than 1.1 kW
By Application
- Cutting
- Welding
- Non metal processing
- Additive manufacturing
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- South Korea
- Rest of Asia-Pacific
- China
- India
- Japan
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Amonics Ltd.
- Apollo Instruments Inc.
- Coherent Inc.
- IPG Photonics Corporation
- Jenoptik Laser GmbH
- CY Laser SRL
- NKT Photonics A/S
- Quantel Group
- TRUMPF
- Toptica Photonics AG.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INDUSTRIAL LASERS SYSTEMS MARKET, BY TYPE
CHAPTER 5: INDUSTRIAL LASERS SYSTEMS MARKET, BY POWER
CHAPTER 6: INDUSTRIAL LASERS SYSTEMS MARKET, BY APPLICATION
CHAPTER 7: INDUSTRIAL LASERS SYSTEMS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Industrial Lasers Systems Market,' the industrial lasers systems market size was valued at $17.3 billion in 2020, and is estimated to reach $34.8 billion by 2030, growing at a CAGR of 7.2% from 2021 to 2030. A laser system is used to cut fabrics and metals with the help of laser beam which simply melts the materials. It offers various other benefits such as weld metals with high precision, mark tracking codes, clean metal surface, and measure the part dimension. They are widely used in several industries such as automotive, medical, machinery manufacturing, and metal fabrication.By industrial lasers systems type, the macro-processing segment has generated highest revenue in the global industrial lasers systems market in 2020. This is attributed to increase in demand for lasers in industrial applications such as marking, welding, cutting, and additive manufacturing. Furthermore, the global expansion of the metal cutting industry and automotive particularly in emerging countries such as U.S., India, and China is propelling the industrial lasers systems market growth. Moreover, industrial lasers systems are popular due to their benefits such as compact size, high beam quality, less maintenance cost, and better stability. As a result, such advantages are projected to drive demand for industrial lasers systems in the forecast period. On the basis of application, the cutting segment accounted for a large share in term of revenue in global market in 2020.
In terms of region, Asia-Pacific has largest industrial lasers systems market share in terms of revenue, owing to high demand for lasers systems in countries such as China, India, and Japan. This is attributed to increase in adoption and manufacturing of fiber laser machines in manufacturing sector. Furthermore, development of the electronic and automotive sectors in this region has provided lucrative opportunities for the growth of the market.
Key players in the market have implemented strategic moves such as acquisition, business expansion, partnership and product launch to strengthen its market position and to expand their client base. For instance, in July 2021, NKT Photonics launched SuperK Fianium OCT Series, new supercontinuum laser for optical coherence tomography. It is designed for low-noise performance in multimodality applications to provide high contract low noise pictures.
However, during the pandemic, various manufacturers in the industrial lasers systems market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of industrial lasers systems companies. In addition, lack of manpower and raw materials constricted supply of equipment of industrial lasers systems, which has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of industrial lasers systems companies.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging industrial lasers systems market trends and dynamics.
- Depending on application, the cutting segment dominated the industrial lasers systems market in terms of revenue in 2020 and the additive manufacturing segment is projected to grow at a significant CAGR during the forecast period.
- By type, the macro processing segment has registered highest revenue in 2020.
- By power, more than 1.1 kW segment has registered highest revenue in 2020.
- Asia-Pacific is projected to register highest growth rate in the coming years.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth industrial lasers systems market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.
The global industrial lasers systems market forecast analysis from 2021 to 2030 is included in the report.
Companies Mentioned
- Amonics Ltd.
- Apollo Instruments Inc.
- Coherent Inc.
- IPG Photonics Corporation
- Jenoptik Laser GmbH
- CY Laser SRL
- NKT Photonics A/S
- Quantel Group
- TRUMPF
- Toptica Photonics AG.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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