Laser Marking System Market
PUBLISHED: 2023 ID: SMRC24478
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Laser Marking System Market

Laser Marking System Market Forecasts to 2030 - Global Analysis By Type (Green Laser, Co2 Laser, Fibre Laser, Uv Laser, Diode-pumped Lasers, Mopa Laser, Nd:yag Lasers and Other Types), Product Type (Fixed and Portable), Machine Type, Material, Application, End User and By Geography

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4.5 (73 reviews)
Published: 2023 ID: SMRC24478

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $3.1 BN

Projected Year Value (2030)

US $5.8 BN

CAGR (2023 - 2030)

9.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Laser Marking System Market is accounted for $3.1 billion in 2023 and is expected to reach $5.8 billion by 2030 growing at a CAGR of 9.2% during the forecast period. A laser marking system is a technology that utilizes laser beams to create permanent marks or engravings on various materials. The laser beam emitted by the system interacts with the material, causing localized heating or ablation, which results in visible marks. Laser marking offers several advantages, including high precision, speed, and the ability to mark on a variety of materials, including metals, plastics, and ceramics.

According to the Society of Indian Automobile Manufacturers (SIAM), India exported more than 5,617,000 units of automobiles in 2021.

Market Dynamics: 

Driver: 

Rising demand for laser marking in medical devices

The rising demand for laser marking in medical devices serves as a significant driver for the laser marking system market. The medical device industry is increasingly adopting laser marking technology to meet stringent regulatory requirements and enhance product traceability. Laser marking ensures the clear and permanent identification of medical devices, including surgical instruments, implants, and diagnostic equipment. Additionally, laser marking provides a reliable solution for marking crucial information like serial numbers, lot codes, and manufacturing dates directly onto medical devices. 

Restraint:

High initial investment

The high initial investment stands as a prominent restraint in the market. Acquiring laser marking systems involves a substantial upfront cost encompassing the purchase of laser machines, associated hardware, and software. Additionally, the sophisticated technology and precision capabilities of laser marking systems contribute to their elevated cost. As these systems are often considered capital-intensive investments, organizations may encounter difficulties in allocating resources for their implementation, hindering widespread adoption.

Opportunity:

Technological advancements

Continuous innovation and development in laser technology have led to significant improvements in the performance, efficiency, and affordability of laser marking systems. Fiber lasers offer several advantages over traditional laser technologies, such as solid-state and CO2 lasers. They provide higher beam quality, increased power efficiency, and enhanced reliability. Fiber lasers are also compact and require minimal maintenance, making them suitable for a wide range of applications. These developments have increased the number of possible uses for laser marking systems and increased their affordability for small and medium-sized enterprises. Therefore, continuous innovation and developments in laser marking systems drive market demand.

Threat:

Substitutes and alternatives

Substitutes and alternatives can be a major threat to the adoption and expansion of laser marking systems on the market. These alternatives can disrupt the market by attracting customers away from laser marking systems. Alternative marking technologies such as inkjet, dot peen, or chemical etching methods can offer viable alternatives to laser marking. Inkjet systems use ink droplets to create markings, while dot-peen systems use a mechanical process to create indentations. These alternatives may have advantages such as lower equipment costs, simpler maintenance requirements, or the ability to mark on different types of materials. Therefore, the availability of substitutes and alternatives is a significant barrier hindering market expansion.

Covid-19 Impact

The COVID-19 pandemic has had a significant impact on various industries worldwide, including the laser marking system market. The outbreak has caused disruptions to supply chains, manufacturing activities, and the demand for laser marking systems overall. During the initial stages of the pandemic, many industries experienced a slowdown or temporary shutdown of operations, leading to reduced investments in capital equipment like laser marking systems. Companies focused on managing immediate challenges such as workforce safety, cash flow, and supply chain disruptions, resulting in delayed or postponed purchasing decisions. 

The Co2 laser segment is expected to be the largest during the forecast period

The Co2 laser segment is estimated to hold the largest share. These lasers operate based on a gas mixture primarily composed of carbon dioxide. When electrically stimulated, the gas emits a laser beam with a wavelength of 10.6 micrometers, making it ideal for marking various materials, including plastics, wood, glass, and certain metals. CO2 lasers are known for their accuracy and capacity to leave excellent, long-lasting marks on surfaces. Moreover, the non-contact nature of CO2 laser marking ensures that the target material remains undamaged during the process. This makes CO2 lasers a preferred choice for applications where intricate designs, alphanumeric codes, and barcodes need to be accurately etched onto surfaces.

The portable segment is expected to have the highest CAGR during the forecast period

The portable segment is anticipated to have lucrative growth during the forecast period. Portable laser marking systems are compact, lightweight, and mobile devices used for marking and engraving various materials. These systems offer the advantage of flexibility, allowing users to bring the marking technology directly to the work piece rather than moving the work piece to a fixed laser marking station. The portable nature of these systems enables on-site marking, eliminating the need for transporting heavy or bulky items to a dedicated marking area. Overall, portable laser marking systems offer flexibility, convenience, and efficiency in the marking process, making them a valuable tool in the laser marking system market.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period. China and India are the major contributors to the growth of the regional market owing to the increased adoption of laser marking machines in manufacturing factories in the region. The adoption of improved manufacturing techniques by the Chinese machine tool industry and the region's market's growth. Moreover, its continued dominance can also be attributed to the increased foreign investments and relocation of manufacturing facilities by numerous companies to countries such as India and China.

Region with highest CAGR:

Europe is expected to witness profitable growth over the projection period. Europe is home to a diverse range of industries, including automotive, aerospace, electronics, medical devices, and packaging. These industries have a high demand for laser marking systems to achieve precise and permanent markings on their products. Europe has stringent regulatory standards for product labeling, traceability, and safety. In order to meet these standards, laser marking systems are essential because they offer precise information in permanent, high-quality markings. The need to comply with regulatory requirements drives the adoption of laser marking systems in various industries across Europe.

Key players in the market

Some of the key players in the Laser Marking System Market include Novanta Inc., Huagong Tech Co., Ltd., Epilog Laser, LLC, Han's Laser Technology Industry Group Co.,Ltd, Sea Force Co., Ltd., Danaher Corporation, Laser Star Technologies Corporation, Gravotech Marking SAS, Coherent Inc., Trumpf GmbH + Co. KG, Telesis Technologies, Inc., Videojet Technologies, Inc. and Trotec Laser GmbH. 
 
Key Developments:
In May 2022, Gravotech has launched its Class 1 fully secure LW2 laser station, which will meet all permanent marking and identification needs with advanced and enhanced user experience and is available in different versions based on application and needs.

In April 2022, TRUMPF unveiled the next generation and new lines of its TruMicro ultrashort pulse lasers (USP). The two TruMicro 6000 and TruMicro 2000 product families feature new technology platforms to boost power and enhance versatility applicable for electronic manufacturing, offering high-range performance.

Types Covered:
• Green Laser 
• Co2 Laser 
• Fibre Laser 
• Uv Laser 
• Diode-pumped Lasers 
• Mopa Laser 
• Nd:yag Lasers 
• Other Types 

Product Types Covered:
• Fixed 
• Portable 

Machine Types Covered:
• 3D
• 2D

Materials Covered:
• Glass 
• Ceramics 
• Metal 
• Plastic 
• Other Materials 

Applications Covered:
• Annealing 
• Ablation 
• Foaming 
• Carbonizing 
• Engraving 

End Users Covered:
• Electronics & Semiconductor  
• Automotive  
• Defence & Aerospace  
• Healthcare  
• Packaging & Labelling  
• Other End Users  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary           
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology          
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions         
            
3 Market Trend Analysis           
 3.1 Introduction          
 3.2 Drivers          
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats          
 3.6 Product Analysis          
 3.7 Application Analysis          
 3.8 End User Analysis          
 3.9 Emerging Markets          
 3.10 Impact of Covid-19          
            
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry          
            
5 Global Laser Marking System Market, By Type           
 5.1 Introduction          
 5.2 Green Laser          
 5.3 Co2 Laser          
 5.4 Fibre Laser          
 5.5 Uv Laser          
 5.6 Diode-pumped Lasers          
 5.7 Mopa Laser          
 5.8 Nd:yag Lasers          
 5.9 Other Types          
            
6 Global Laser Marking System Market, By Product Type           
 6.1 Introduction          
 6.2 Fixed          
 6.3 Portable          
            
7 Global Laser Marking System Market, By Machine Type           
 7.1 Introduction          
 7.2 3D          
 7.3 2D          
            
8 Global Laser Marking System Market, By Material           
 8.1 Introduction          
 8.2 Glass          
 8.3 Ceramics          
 8.4 Metal          
 8.5 Plastic          
 8.6 Other Materials          
            
9 Global Laser Marking System Market, By Application           
 9.1 Introduction          
 9.2 Annealing          
 9.3 Ablation          
 9.4 Foaming          
 9.5 Carbonizing          
 9.6 Engraving          
            
10 Global Laser Marking System Market, By End User           
 10.1 Introduction          
 10.2 Electronics & Semiconductor          
 10.3 Automotive          
 10.4 Defence & Aerospace          
 10.5 Healthcare          
 10.6 Packaging & Labelling          
 10.7 Other End Users          
            
11 Global Laser Marking System Market, By Geography           
 11.1 Introduction          
 11.2 North America          
  11.2.1 US         
  11.2.2 Canada         
  11.2.3 Mexico         
 11.3 Europe          
  11.3.1 Germany         
  11.3.2 UK         
  11.3.3 Italy         
  11.3.4 France         
  11.3.5 Spain         
  11.3.6 Rest of Europe         
 11.4 Asia Pacific          
  11.4.1 Japan         
  11.4.2 China         
  11.4.3 India         
  11.4.4 Australia         
  11.4.5 New Zealand         
  11.4.6 South Korea         
  11.4.7 Rest of Asia Pacific         
 11.5 South America          
  11.5.1 Argentina         
  11.5.2 Brazil         
  11.5.3 Chile         
  11.5.4 Rest of South America         
 11.6 Middle East & Africa          
  11.6.1 Saudi Arabia         
  11.6.2 UAE         
  11.6.3 Qatar         
  11.6.4 South Africa         
  11.6.5 Rest of Middle East & Africa         
            
12 Key Developments           
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures          
 12.2 Acquisitions & Mergers          
 12.3 New Product Launch          
 12.4 Expansions          
 12.5 Other Key Strategies          
            
13 Company Profiling           
 13.1 Novanta Inc.          
 13.2 Huagong Tech Co., Ltd.          
 13.3 Epilog Laser, LLC          
 13.4 Han's Laser Technology Industry Group Co., Ltd          
 13.5 Sea Force Co., Ltd.          
 13.6 Danaher Corporation          
 13.7 LaserStar Technologies Corporation          
 13.8 Gravotech Marking SAS          
 13.9 Coherent Inc.          
 13.10 Trumpf GmbH + Co. KG          
 13.11 Telesis Technologies, Inc.          
 13.12 Videojet Technologies, Inc.          
 13.13 Trotec Laser GmbH          
            
List of Tables            
1 Global Laser Marking System Market Outlook, By Region (2021-2030) ($MN)           
2 Global Laser Marking System Market Outlook, By Type (2021-2030) ($MN)           
3 Global Laser Marking System Market Outlook, By Green Laser (2021-2030) ($MN)           
4 Global Laser Marking System Market Outlook, By Co2 Laser (2021-2030) ($MN)           
5 Global Laser Marking System Market Outlook, By Fibre Laser (2021-2030) ($MN)           
6 Global Laser Marking System Market Outlook, By Uv Laser (2021-2030) ($MN)           
7 Global Laser Marking System Market Outlook, By Diode-pumped Lasers (2021-2030) ($MN)           
8 Global Laser Marking System Market Outlook, By Mopa Laser (2021-2030) ($MN)           
9 Global Laser Marking System Market Outlook, By Nd:yag Lasers (2021-2030) ($MN)           
10 Global Laser Marking System Market Outlook, By Other Types (2021-2030) ($MN)           
11 Global Laser Marking System Market Outlook, By Product Type (2021-2030) ($MN)           
12 Global Laser Marking System Market Outlook, By Fixed (2021-2030) ($MN)           
13 Global Laser Marking System Market Outlook, By Portable (2021-2030) ($MN)           
14 Global Laser Marking System Market Outlook, By Machine Type (2021-2030) ($MN)           
15 Global Laser Marking System Market Outlook, By 3D (2021-2030) ($MN)           
16 Global Laser Marking System Market Outlook, By 2D (2021-2030) ($MN)           
17 Global Laser Marking System Market Outlook, By Material (2021-2030) ($MN)           
18 Global Laser Marking System Market Outlook, By Glass (2021-2030) ($MN)           
19 Global Laser Marking System Market Outlook, By Ceramics (2021-2030) ($MN)           
20 Global Laser Marking System Market Outlook, By Metal (2021-2030) ($MN)           
21 Global Laser Marking System Market Outlook, By Plastic (2021-2030) ($MN)           
22 Global Laser Marking System Market Outlook, By Other Materials (2021-2030) ($MN)           
23 Global Laser Marking System Market Outlook, By Application (2021-2030) ($MN)           
24 Global Laser Marking System Market Outlook, By Annealing (2021-2030) ($MN)           
25 Global Laser Marking System Market Outlook, By Ablation (2021-2030) ($MN)           
26 Global Laser Marking System Market Outlook, By Foaming (2021-2030) ($MN)           
27 Global Laser Marking System Market Outlook, By Carbonizing (2021-2030) ($MN)           
28 Global Laser Marking System Market Outlook, By Engraving (2021-2030) ($MN)           
29 Global Laser Marking System Market Outlook, By End User (2021-2030) ($MN)           
30 Global Laser Marking System Market Outlook, By Electronics & Semiconductor (2021-2030) ($MN)           
31 Global Laser Marking System Market Outlook, By Automotive (2021-2030) ($MN)           
32 Global Laser Marking System Market Outlook, By Defence & Aerospace (2021-2030) ($MN)           
33 Global Laser Marking System Market Outlook, By Healthcare (2021-2030) ($MN)           
34 Global Laser Marking System Market Outlook, By Packaging & Labelling (2021-2030) ($MN)           
35 Global Laser Marking System Market Outlook, By Other End Users (2021-2030) ($MN)           
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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