Dublin, Sept. 28, 2023 (GLOBE NEWSWIRE) -- The "Global Laser Marking Market by Offering, Material, Laser Type, Method, Product Type, Machine Type, Wavelength, Optical Power Input, Application, End-use Industry - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Laser Marking Market, with an estimated valuation of USD 3.58 billion in 2022 and a robust growth to USD 3.90 billion in 2023, is on a remarkable trajectory. Propelled by a Compound Annual Growth Rate (CAGR) of 9.51%, this market is anticipated to achieve a substantial USD 7.41 billion by 2030.
Market Dynamics:
Drivers: The market is driven by a significant demand for marking and engraving products and materials, robust advancements in hardware manufacturing worldwide, and the growing adoption of 3D laser marking techniques for medical applications.
Restraints: Challenges include potential errors associated with the use of laser marking machines.
Opportunities: The market offers opportunities through the ongoing introduction of novel and advanced techniques for laser marking and the increasing utilization of laser marking machines in packaging industries.
Challenges: Challenges include the high cost of technology and the need for high-precision machines.
Market Segmentation & Coverage:
In-depth market research has categorized the Global Laser Marking Market into distinct segments to forecast revenues and analyze trends in the following sub-markets:
- Offering: Comprising Hardware, Services, and Software. Hardware, with Conventional Lasers Marking and Turnkey Lasers Marking, commanded the largest market share of 70.54% in 2022, followed by Services.
- Material: Spanning Ceramics, Glass, Metal, Paper, and Plastic. Metal led with the largest market share of 42.12% in 2022, followed by Plastic.
- Laser Type: Encompassing CO2 Laser, Diode Laser, Fiber Laser, and Solid-State Laser. Fiber Laser took the lead with the largest market share of 27.34% in 2022, followed by Diode Laser.
- Method: Including Ablation, Annealing, and Engraving. Engraving led with the largest market share of 37.23% in 2022, followed by Annealing.
- Product Type: Comprising Fixed and Portable. Fixed claimed the largest market share of 76.89% in 2022, followed by Portable.
- Machine Type: Encompassing 2D Laser Marking and 3D Laser Marking. 2D Laser Marking led with the largest market share of 67.42% in 2022, followed by 3D Laser Marking.
- Wavelength: Covering 300-400nm, 400-500nm, 500-600nm, 600-1000nm, Above 1000nm, and Less than 300nm. The 400-500nm segment held the largest market share of 24.23% in 2022, followed by 500-600nm.
- Optical Power Input: Spanning 25 - 80 watts, 80-100 watts, Above 100 watts, and Less than 25 watts. The 25 - 80 watt segment led with the largest market share of 27.21% in 2022, followed by Less than 25 watts.
- Application: Including Bar Codes, Date Codes, Logos, Part Numbers, and QR Codes. Part Numbers claimed the largest market share of 23.23% in 2022, followed by Logos.
- End-use Industry: Encompassing Aerospace & Defense, Automotive, Healthcare, Machine Tools, Packaging, and Semiconductor & Electronics. Semiconductor & Electronics led with the largest market share of 24.32% in 2022, followed by Machine Tools.
- Region: Extending across the Americas, Asia-Pacific, and Europe, Middle East & Africa, with the Asia-Pacific region commanding the largest market share of 38.92% in 2022, followed by Europe, Middle East & Africa.
Key Report Insights:
- Market Penetration: Comprehensive information on the market offered by key players.
- Market Development: In-depth analysis of emerging markets and penetration into mature segments.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Market Trends: Understanding the cumulative impact of COVID-19, the Russia-Ukraine Conflict, and high inflation on market trends.
- Competitive Assessment & Intelligence: Exhaustive evaluation of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights into future technologies, R&D activities, and breakthrough product developments.
The report answers key questions:
- What is the market size and forecast of the Global Laser Marking Market?
- How are inhibiting factors and the impact of COVID-19 shaping the market during the forecast period?
- Which products/segments/applications/areas should investors consider over the forecast period?
- What is the competitive strategic window for opportunities in the market?
- What are the technology trends and regulatory frameworks influencing the market?
- What is the market share of the leading vendors?
- Which modes and strategic moves are suitable for entering the market?
Key Report Attributes:
- Number of Pages: 185
- Forecast Period: 2023 - 2030
- Estimated Market Value (USD) in 2023: USD 3.9 Billion
- Forecasted Market Value (USD) by 2030: USD 7.41 Billion
- Compound Annual Growth Rate: 9.5%
- Regions Covered: Global
Companies Mentioned
- ACSYS Lasertechnik US Inc.
- Arihant Maxsell Technologies Private Limited
- Beamer Laser Systems by ARCH Global Holdings, LLC
- Danaher Corporation
- Datalogic S.p.A.
- Epilog Laser
- Gravotech Engineering Private Limited.
- Gravotech Marking
- Han's Laser Technology Industry Group Co., Ltd.
- II-VI INCORPORATED
- IPG Photonics Corporation
- Keyence Corporation
- Laser Marking Technologies, LLC
- Laserax
- LaserStar Technologies Corporation
- MECCO
- Novanta Inc.
- Omron Corporation
- Panasonic Holdings Corporation
- RMI Laser LLC
- Sea Force Co., Ltd.
- Telesis Technologies, Inc.
- Trotec Laser GmbH
- TRUMPF SE + Co. KG
- TYKMA, INC.
- Videojet Technologies, Inc.
- Wuhan HGLaser Engineering Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/eeltqd
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