
Laser Processing Market
Laser Processing Market Forecasts to 2030 - Global Analysis By Product (Gas Lasers, Solid Lasers, Liquid Lasers and Fiber Lasers), Process, Discrete Industry, Function Type, Configuration, End User and By Geography

According to Stratistics MRC, the Global Laser Processing Market is accounted for $6.0 billion in 2023 and is expected to reach $13.4 billion by 2030 growing at a CAGR of 12.1% during the forecast period. Laser processing involves using focused beams of intense light to alter materials. It encompasses various techniques, including cutting, welding, engraving, and marking, across diverse industries like manufacturing, healthcare, and electronics. The laser's high energy density enables precise material removal or alteration without physical contact, minimizing damage to surrounding areas. Different types of lasers, such as CO2, fiber, and diode lasers, offer unique advantages based on wavelength and power output. Laser processing facilitates intricate designs, rapid prototyping, and high-speed production, enhancing efficiency and quality while reducing waste. Its versatility and accuracy make it indispensable in modern manufacturing and research applications.
According to a recent National Association of Manufacturers survey, the pandemic caused over 80% of metal manufacturers financial distress causing an adverse impact on the industry's growth.
Market Dynamics:
Driver:
Superiority over traditional techniques
Laser processing offers unparalleled precision and accuracy compared to traditional techniques such as mechanical cutting or manual engraving. This precision enables manufacturers to achieve tighter tolerances and produce intricate designs with consistent quality, driving demand for laser systems across industries. This flexibility allows manufacturers to streamline their production processes and address diverse application needs with a single technology platform, leading to increased adoption of laser systems thus propelling the growth of the market.
Restraint:
Complexity and skilled workforce
The complexity of laser processing technology often requires substantial expertise to operate and maintain laser systems effectively. This can create a barrier to entry for small and medium-sized enterprises (SMEs) or companies new to laser processing, as they may lack the resources or specialized knowledge to adopt the technology. Additionally investing in employee training programs and continuing education to ensure proficiency in operating and troubleshooting laser systems adds to operational expenses and may deter some companies from adopting laser technology which hinder the market growth.
Opportunity:
Shift towards automation and smart manufacturing
Automation and smart manufacturing require advanced production technologies that can operate efficiently within integrated, digitally connected environments. Laser processing systems are well-suited to these requirements due to their precision, speed, and adaptability. As industries automate their manufacturing processes and adopt smart technologies, there is a growing demand for laser systems for cutting, welding, marking, and engraving applications.
Threat:
Limited material processability
Laser processing techniques may not be suitable for certain materials with properties such as high reflectivity, transparency, or heat sensitivity and with laser processing systems primarily targeting materials that are compatible with the technology. This can result in missed opportunities for manufacturers who require a broader range of materials to be processed, potentially driving them to explore alternative manufacturing methods. This limitation restricts the range of applications for which laser processing can be used effectively, impacting market demand and adoption, especially in industries where these materials are commonly used.
Covid-19 Impact
Industries adapted to remote work and safety protocols, demand for laser processing solutions, particularly in medical devices, electronics, and packaging, surged. The need for contactless production and increased automation further accelerated the adoption of laser technology. Additionally, the shift towards online retail boosted demand for laser-marked and engraved products for branding and traceability. Overall, while the pandemic posed challenges, it also spurred innovation and drove long-term growth in the laser processing market.
The fiber lasers segment is expected to be the largest during the forecast period
The fiber lasers segment is estimated to have a lucrative growth, as fiber lasers are highly efficient, converting a large proportion of input energy into output laser power. This efficiency leads to lower operating costs and increased productivity for laser processing applications. Moreover fiber lasers produce high-quality laser beams with excellent beam quality and stability. This allows for precise and consistent processing, resulting in superior product quality and reduced scrap rates.
The marking & engraving segment is expected to have the highest CAGR during the forecast period
The marking & engraving segment is anticipated to witness the highest CAGR growth during the forecast period, owing to specialized laser systems with specific characteristics such as high precision, variable depth control, and fine detail capabilities. This has led to the development of a wide range of laser technologies tailored to meet the diverse needs of marking and engraving applications, including fiber lasers, diode-pumped lasers, CO2 lasers, and UV lasers.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the ongoing advancements in laser technology, such as the development of high-power lasers, fiber lasers, and ultrafast lasers, have expanded the capabilities of laser processing systems in china and Japan. These advancements have enabled higher precision, faster processing speeds, and the ability to work with a wider range of materials. Moreover laser systems offer advantages such as non-contact processing, high speed, and flexibility, making them ideal for integration into automated manufacturing environments in this region.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, as North American laser processing market serves various industries, including automotive, aerospace, electronics, healthcare, consumer goods, and more. Each sector has unique requirements for laser processing, driving innovation and customization in laser technologies. Further additive manufacturing, also known as 3D printing, is experiencing rapid growth in North America. Laser-based technologies such as selective laser melting (SLM) and stereolithography (SLA) are utilized for rapid prototyping and production of complex components in industries ranging from aerospace to healthcare.
Key players in the market
Some of the key players in the Laser Processing Market include TRUMPF, Alpha Nov laser, Altec GmbH, Amada Co., Ltd., Bystronic Laser AG, Coherent Corp., Epilog Laser, Eurolaser GmbH, Han’s Laser Technology Industry Group Co., Ltd, IPG Photonics Corporation, Jenoptik AG, Laser Systems, Inc., LaserStar Technologies Corporation, Lumentum Operation LLC, Mazak Messer, Mitsubishi, Newport Corporation, PrimaPower and Xenetech Global Inc.
Key Developments:
In March 2024, Coherent Corp. introduced a game-changing diode laser bar for the hair removal industry. This innovative 808 nm bar employs a two-junction configuration to deliver 200 W of output with just 100 A of input current, thus doubling the efficiency of previous single-junction bars.
In March 2024, Coherent Corp. announced the introduction of two new optical test instrumentation products. The growing demand for capacity in optical networks has generated more interest in using the O-Band more effectively.
In January 2024, Bystronic Laser AG announced the introduction of ByBend Star 120, the newest member of the Bystronic family of pressbrakes, offers you bending technology for the highest demands on process speed, flexibility, and precision.
Products Covered:
• Gas Lasers
• Solid Lasers
• Liquid Lasers
• Fiber Lasers
Processes Covered:
• Marking & Engraving
• Material Processing
• Micro-Processing
• Welding
• Punching & Micro Machining
• Cutting & Drilling
• Other Processes
Discrete Industries Covered:
• Moving
• Fixed
• Hybrid
Function Types Covered:
• Semi-Automatic
• Robotic
Configurations Covered:
• Laser Processing Configuration
• Laser Cutting & Engraving Configuration
End Users Covered:
• Medical
• Automotive
• Aerospace & Defense
• Architecture
• Machine Tools
• Electronics & Microelectronics
• 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 End User Analysis
3.8 Emerging Markets
3.9 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 Processing Market, By Product
5.1 Introduction
5.2 Gas Lasers
5.3 Solid Lasers
5.4 Liquid Lasers
5.5 Fiber Lasers
6 Global Laser Processing Market, By Process
6.1 Introduction
6.2 Marking & Engraving
6.3 Material Processing
6.4 Micro-Processing
6.5 Welding
6.6 Punching & Micro Machining
6.7 Cutting & Drilling
6.8 Other Processes
7 Global Laser Processing Market, By Discrete Industry
7.1 Introduction
7.2 Moving
7.3 Fixed
7.4 Hybrid
8 Global Laser Processing Market, By Function Type
8.1 Introduction
8.2 Semi-Automatic
8.3 Robotic
9 Global Laser Processing Market, By Configuration
9.1 Introduction
9.2 Laser Processing Configuration
9.3 Laser Cutting & Engraving Configuration
10 Global Laser Processing Market, By End User
10.1 Introduction
10.2 Medical
10.3 Automotive
10.4 Aerospace & Defense
10.5 Architecture
10.6 Machine Tools
10.7 Electronics & Microelectronics
10.8 Other End Users
11 Global Laser Processing 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 TRUMPF
13.2 Alpha Nov laser
13.3 Altec GmbH
13.4 Amada Co., Ltd.
13.5 Bystronic Laser AG
13.6 Coherent Corp.
13.7 Epilog Laser
13.8 Eurolaser GmbH
13.9 Han’s Laser Technology Industry Group Co., Ltd
13.10 IPG Photonics Corporation
13.11 Jenoptik AG
13.12 Laser Systems, Inc.
13.13 LaserStar Technologies Corporation
13.14 Lumentum Operation LLC
13.15 Mazak
13.16 Messer
13.17 Mitsubishi
13.18 Newport Corporation
13.19 PrimaPower
13.20 Xenetech Global Inc.
List of Tables
1 Global Laser Processing Market Outlook, By Region (2021-2030) ($MN)
2 Global Laser Processing Market Outlook, By Product (2021-2030) ($MN)
3 Global Laser Processing Market Outlook, By Gas Lasers (2021-2030) ($MN)
4 Global Laser Processing Market Outlook, By Solid Lasers (2021-2030) ($MN)
5 Global Laser Processing Market Outlook, By Liquid Lasers (2021-2030) ($MN)
6 Global Laser Processing Market Outlook, By Fiber Lasers (2021-2030) ($MN)
7 Global Laser Processing Market Outlook, By Process (2021-2030) ($MN)
8 Global Laser Processing Market Outlook, By Marking & Engraving (2021-2030) ($MN)
9 Global Laser Processing Market Outlook, By Material Processing (2021-2030) ($MN)
10 Global Laser Processing Market Outlook, By Micro-Processing (2021-2030) ($MN)
11 Global Laser Processing Market Outlook, By Welding (2021-2030) ($MN)
12 Global Laser Processing Market Outlook, By Punching & Micro Machining (2021-2030) ($MN)
13 Global Laser Processing Market Outlook, By Cutting & Drilling (2021-2030) ($MN)
14 Global Laser Processing Market Outlook, By Other Processes (2021-2030) ($MN)
15 Global Laser Processing Market Outlook, By Discrete Industry (2021-2030) ($MN)
16 Global Laser Processing Market Outlook, By Moving (2021-2030) ($MN)
17 Global Laser Processing Market Outlook, By Fixed (2021-2030) ($MN)
18 Global Laser Processing Market Outlook, By Hybrid (2021-2030) ($MN)
19 Global Laser Processing Market Outlook, By Function Type (2021-2030) ($MN)
20 Global Laser Processing Market Outlook, By Semi-Automatic (2021-2030) ($MN)
21 Global Laser Processing Market Outlook, By Robotic (2021-2030) ($MN)
22 Global Laser Processing Market Outlook, By Configuration (2021-2030) ($MN)
23 Global Laser Processing Market Outlook, By Laser Processing Configuration (2021-2030) ($MN)
24 Global Laser Processing Market Outlook, By Laser Cutting & Engraving Configuration (2021-2030) ($MN)
25 Global Laser Processing Market Outlook, By End User (2021-2030) ($MN)
26 Global Laser Processing Market Outlook, By Medical (2021-2030) ($MN)
27 Global Laser Processing Market Outlook, By Automotive (2021-2030) ($MN)
28 Global Laser Processing Market Outlook, By Aerospace & Defense (2021-2030) ($MN)
29 Global Laser Processing Market Outlook, By Architecture (2021-2030) ($MN)
30 Global Laser Processing Market Outlook, By Machine Tools (2021-2030) ($MN)
31 Global Laser Processing Market Outlook, By Electronics & Microelectronics (2021-2030) ($MN)
32 Global Laser Processing 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

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
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?

Assured Quality
Best in class reports with high standard of research integrity

24X7 Research Support
Continuous support to ensure the best customer experience.

Free Customization
Adding more values to your product of interest.

Safe & Secure Access
Providing a secured environment for all online transactions.

Trusted by 600+ Brands
Serving the most reputed brands across the world.