The global laser welding system market was valued at $2,857.1 million in 2020, and is projected to reach $6,262.5 million by 2032, registering a CAGR of 6.9%. A laser beam creates a weld to fuse metals or thermoplastics during laser welding. Laser welding generate narrow, deep welds between square-edged pieces in thicker materials and fast welding speeds of meters per minute in thin materials due to the concentrated heat source. It is a process used to join metals or thermoplastics using a laser beam to form a weld. The accuracy and precision of the process produce low thermal distortion, making it perfect for welding sensitive materials.
The increase in the trend of automation in industries for high efficiency, improved productivity, and accuracy has resulted in laser welding systems market growth. The rise in the adoption of laser systems is expected to register high market revenue, owing to an increase in the need for high-precision laser systems for various applications on different materials. Furthermore, the rise in demand for material processing in various sectors such as automotive, aerospace, industrial machinery, electronics, and medical is driving the laser welding systems market share growth. Furthermore, the shift of the automotive sector toward electric vehicles is generating demand opportunities for laser welding systems.
A significant growth opportunity lies in the rapidly expanding electric vehicle (EV) sector, owing to the automotive industry undergoing a profound transformation toward electrification, laser welding systems play a central role in the assembly of electric vehicle components, especially battery packs. These systems ensure precise and efficient welding of battery cells and modules, contributing to the safety, reliability, and performance of electric vehicles. For example, Tesla, a major electric vehicle manufacturer, widely uses laser welding in battery assembly. Laser welding plays an important role in the growth of the electric vehicle market. As the demand for electric vehicles continues to increase globally, the laser welding systems market is expected to provide lucrative opportunities for the growth of the market.
The laser welding systems market is segmented on the basis of type, power, application, and region. By type, the market is categorized into gas laser (CO2), solid-state laser, fiber laser, and others. On the basis of power, it is bifurcated into less than 1kW and more than 1.1kW. On the basis of application, the market is categorized into automotive, electronics, aerospace, and others.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, LAMEA. The major players that operate in the global market have adopted key strategies such as product launch, collaboration and product development to strengthen their market outreach and sustain the stiff competition in the market.
The increase in the trend of automation in industries for high efficiency, improved productivity, and accuracy has resulted in laser welding systems market growth. The rise in the adoption of laser systems is expected to register high market revenue, owing to an increase in the need for high-precision laser systems for various applications on different materials. Furthermore, the rise in demand for material processing in various sectors such as automotive, aerospace, industrial machinery, electronics, and medical is driving the laser welding systems market share growth. Furthermore, the shift of the automotive sector toward electric vehicles is generating demand opportunities for laser welding systems.
A significant growth opportunity lies in the rapidly expanding electric vehicle (EV) sector, owing to the automotive industry undergoing a profound transformation toward electrification, laser welding systems play a central role in the assembly of electric vehicle components, especially battery packs. These systems ensure precise and efficient welding of battery cells and modules, contributing to the safety, reliability, and performance of electric vehicles. For example, Tesla, a major electric vehicle manufacturer, widely uses laser welding in battery assembly. Laser welding plays an important role in the growth of the electric vehicle market. As the demand for electric vehicles continues to increase globally, the laser welding systems market is expected to provide lucrative opportunities for the growth of the market.
The laser welding systems market is segmented on the basis of type, power, application, and region. By type, the market is categorized into gas laser (CO2), solid-state laser, fiber laser, and others. On the basis of power, it is bifurcated into less than 1kW and more than 1.1kW. On the basis of application, the market is categorized into automotive, electronics, aerospace, and others.
Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, LAMEA. The major players that operate in the global market have adopted key strategies such as product launch, collaboration and product development to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the laser welding systems market report include Amada Co. Ltd (Amada weld tech), Alpha Laser, Baison Laser, Coherent, Hans Laser, IPG Photonics, Jenoptik, Laser Star Technologies, Panasonic Corporation, and TRUMPF.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laser welding system market analysis from 2020 to 2032 to identify the prevailing laser welding system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the laser welding system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global laser welding system market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Laser Type
- Gas Laser (CO2)
- Solid-State
- Fiber
- Others
By Power
- Less than 1kW
- More than 1.1 kW
By Application
- Automotive
- Electronics
- Aerospace
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- TRUMPF
- Amada Co., Ltd.
- IPG Photonics
- JENOPTIK
- ALPHA Laser GmbH
- Foshan Huibaisheng Laser Technology Co., Ltd
- LaserStar Technologies Corporation
- Coherent Corp.
- Panasonic Corporation
- Hans Laser Technology Industry Group, Co. LTD.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: LASER WELDING SYSTEM MARKET, BY LASER TYPE
CHAPTER 5: LASER WELDING SYSTEM MARKET, BY POWER
CHAPTER 6: LASER WELDING SYSTEM MARKET, BY APPLICATION
CHAPTER 7: LASER WELDING SYSTEM MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the laser welding system market was valued at $2.9 billion in 2020, and is estimated to reach $6.3 billion by 2032, growing at a CAGR of 6.9% from 2023 to 2032.A laser beam creates a weld to fuse metals or thermoplastics during laser welding. Laser welding generate narrow, deep welds between square-edged pieces in thicker materials and fast welding speeds of meters per minute in thin materials due to the concentrated heat source. It is a process used to join metals or thermoplastics using a laser beam to form a weld. The accuracy and precision of the process produce low thermal distortion, making it perfect for welding sensitive materials.
The increase in the trend of automation in industries for high efficiency, improved productivity, and accuracy has resulted in laser welding systems market growth. The rise in the adoption of laser systems is expected to register high market revenue, owing to an increase in the need for high-precision laser systems for various applications on different materials. Furthermore, the rise in demand for material processing in various sectors such as automotive, aerospace, industrial machinery, electronics, and medical is driving the laser welding systems market share growth. Furthermore, the shift of the automotive sector toward electric vehicles is generating demand opportunities for laser welding systems.
A significant growth opportunity lies in the rapidly expanding electric vehicle (EV) sector, owing to the automotive industry undergoing a profound transformation toward electrification, laser welding systems play a central role in the assembly of electric vehicle components, especially battery packs. These systems ensure precise and efficient welding of battery cells and modules, contributing to the safety, reliability, and performance of electric vehicles. For example, Tesla, a major electric vehicle manufacturer, widely uses laser welding in battery assembly. Laser welding plays an important role in the growth of the electric vehicle market. As the demand for electric vehicles continues to increase globally, the laser welding systems market is expected to provide lucrative opportunities for the growth of the market.
The rise in demand for precise welding solutions across various industries such as automotive, aerospace, electronics, and medical devices is expected to boost the growth of the laser welding system market. In the automotive sector, laser welding plays a pivotal role in assembling body-in-white (BIW) structures, where the quality and precision of welds are of utmost importance. In addition, automotive manufacturers aim to reduce vehicle weight and enhance fuel efficiency, laser welding offers an efficient means of joining lightweight materials like aluminum and advanced high-strength steels.
Furthermore, the surge in emphasis on automation and the implementation of Industry 4.0 principles in manufacturing are driving the adoption of laser welding systems. These systems seamlessly integrate with robotic platforms, leading to increased productivity and consistency on production lines. For instance, in the aerospace industry, laser welding robots are utilized to assemble intricate components found in aircraft engines and structures. This integration contributes to enhanced operational efficiency and reduced manufacturing costs. However, high upfront costs are anticipated to restrain the growth of the laser welding systems market during the forecast period.
The laser welding system market is expected to witness notable growth during the forecast period, owing to Recovery of the automotive industry around the globe, increase in material processing and adoption of laser systems in various sectors. Moreover, Technological advancements in fiber laser system is expected to provide lucrative opportunity for the growth of the market during the forecast period. On the contrary, High initial cost limits the growth of the laser welding system market.
The laser welding systems market is segmented on the basis of laser type, power, application, and region. By type, the market is categorized into gas laser (CO2), solid-state laser, fiber laser, and others. On the basis of power, it is bifurcated into less than 1kW and more than 1.1kW. On the basis of application, the market is categorized into automotive, electronics, aerospace, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, LAMEA.
The key players profiled in the study include Amada Co. Ltd (Amada weld tech), Alpha Laser, Baison Laser, Coherent, Hans Laser, IPG Photonics, Jenoptik, Laser Star Technologies, Panasonic Corporation, and TRUMPF.
Key Market Insights
- By laser type, the fiber segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 7.2% from 2023 to 2032.
- By power, the less than 1kW segment is projected to grow at a CAGR of 7.2% during the forecast period.
- By application, the electronics segment is projected to grow at a CAGR of 7.4% during the forecast period.
- Region-wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 7.4% during the forecast period.
Companies Mentioned
- TRUMPF
- Amada Co., Ltd.
- IPG Photonics
- JENOPTIK
- ALPHA Laser GmbH
- Foshan Huibaisheng Laser Technology Co., Ltd
- LaserStar Technologies Corporation
- Coherent Corp.
- Panasonic Corporation
- Hans Laser Technology Industry Group, Co. LTD.
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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