Laser Processing Global Market is Projected to Reach $241 Billion by 2030: Additive Manufacturing Growth Spurs Growth

Dublin, July 03, 2023 (GLOBE NEWSWIRE) -- The "Laser Processing: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Laser Processing estimated at US$13.9 Billion in the year 2022, is projected to reach a revised size of US$24.1 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2022-2030.

Solid, one of the segments analyzed in the report, is projected to record a 7.6% CAGR and reach US$15.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Liquid segment is readjusted to a revised 6.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 9.6% CAGR

The Laser Processing market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2030 trailing a CAGR of 9.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 5.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Select Competitors (Total 96 Featured) -

• Amada Co, Ltd.
• Coherent, Inc.
• Epilog Laser
• Han's Laser Technology Industry Group Co., Ltd.
• IPG Photonics Corporation
• Jenoptik AG
• LaserStar Technologies Corporation
• Lumentum Operations LLC
• Spectra Physics, Inc.
• Trumpf Group
• Wuhan HGLaser Engineering Co., Ltd.
• Wuhan Raycus Fiber Laser Technologies Co., Ltd.

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Laser Processing Systems: An Introduction
• Laser Systems in Material Processing: Key Application Markets
• Laser Processing: Market Prospects and Outlook
• Solid Lasers Dominate the Market
• Machine Tools Holds the Largest Application Share
• Asia-Pacific to Report Fastest Growth
• China: Major Market for Laser Processing
• Changing Manufacturing Industry Trends Influence Dynamics of Laser Processing Market
• Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2015 through 2019
• Laser Processing - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growing Importance of Precision Manufacturing & Engineering, the Foundation for the Growth of Laser Processing Technologies
• Global Precision Parts Market in US$ Billion for the Years 2017, 2019, 2022 & 2024
• Technology Innovations to Expand Application Possibilities
• Medical Sector Offers Strong Growth Opportunities Driven by Surging Demand for Miniaturization
• Photovoltaic Modules Opens New Opportunities
• Top 10 Countries Worldwide by Cumulative PV Installed Capacity in GW: 2018
• Global Installed PV Capacity (in MW): 2009-2018
• Additive Manufacturing Growth Spurs Growth Opportunities for Laser Processing Market
• Rising Adoption of Laser-Based Manufacturing in Auto Industry: An Opportunity for Laser Processing Market
• Global Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022
• The Trend towards Electromobility Amplifies Demand for Laser processing
• Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
• Demand in Automotive Sector Led by Advancements in Fiber Laser
• Product Traceability Drives Demand for Laser Marking in Automobile Industry
• Laser Processing Gains Traction in Electronics and MEMS Devices Manufacturing
• World Consumer Electronics Value Distribution (in %) By Segment: 2019
• World MEMS Market Revenues in US$ Billion for Years 2015, 2017, 2019, and 2021
• Breakdown of World MEMS Market Revenues (in %) by Segment: 2019
• Healthy Trajectory in Smartphones & Tablet PC Markets Drives Demand for Lasers in Microprocessing Applications
• World Market for Smartphones (2016, 2018 & 2022): Breakdown of Sales in Million Units by Geographic Region/Country
• Worldwide Shipments of Tablet PCs (in Million Units) for the Years 2019, 2021 and 2023
• Wearables: The New Growth Area for Laser Processing in MEMS Applications
• Global Wearable Device Shipments in Million Units for the Years 2017, 2019 and 2021
• Laser Integration in Traditional Machine Tools Increase Tool Versatility
• Semiconductors Industry Emerges as a Major End-Use Market for Laser Processing
• Global Semiconductor Manufacturing Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
• UV Lasers Enable Superior Printed Circuit Board Processing
• Textile Industry Provides Lucrative Opportunities for Laser Systems
• Government Regulations for Labelling of Consumer Goods to Drive Adoption
• Green Laser Devices: An Emerging Growth Market
• Fiber Lasers: One of the Most Disruptive Laser Technologies
• Laser Cutting Market: Poised for Growth
• Ultrashort Pulse Lasers Poised for High Adoption in Material Processing Applications
• Laser Beam Shaping: Essential for Microdrilling using Ultrashort Pulse Lasers
• Ultrafast Laser Micromachining: A Vital Tool in Modern Microfabrication
• Technological Advancements in Laser Processing to Boost Growth
• Hybrid Technology: A Major Advancement

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/od84yd

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Attachment

• Global Market for Laser Processing