According to the new research report "Laser Processing Market with COVID-19 Impact analysis by Laser Type (Solid Lasers, Liquid Lasers, Gas Lasers), Configuration (Fixed Beam, Moving Beam, Hybrid), Revenue (System Revenue, Laser Revenue), Application, End-user Industry, and Region - Global Forecast to 2025", the global laser processing market size is projected to grow from USD 4.0 billion in 2020 to USD 5.8 billion by 2025; it is projected to record a CAGR of 7.8% during the forecast period. The laser processing industry’s growth is driven mainly by the growing preference of end-user industries for laser-based material processing over traditional approaches, increasing demand for high-quality and genuine end-products, rising demand for miniaturization of microelectronic devices, and surging technological advancements in the medical sector.
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By Laser Type:
- Gas Lasers
- CO2 Lasers
- Excimer/Diode Lasers
- Argon Lasers
- Chemical Lasers
- He–Ne Lasers
- Solid Lasers
- Yttrium Aluminum Garnet (YAG) Lasers
- Semiconductor Lasers
- Thin-disk Lasers
- Ruby Lasers
- Fiber Lasers
- Liquid Lasers
- X-ray Lasers
- Dye Lasers
- Others
By Configuration:
- Laser Processing Configuration
- Fixed Beam
- Moving Beam
- Hybrid
- Laser Cutting and Engraving Configuration
- Raster Mode
- Vector Mode
By Revenue:
- Laser Revenue
- System Revenue
By Application:
- Cutting
- Fusion Cutting
- Flame Cutting
- Sublimation Cutting
- Drilling
- Single-pulse Drilling
- Percussion Drilling
- Trepanning Drilling
- Helical Drilling
- Welding
- Marking & Engraving
- Direct Laser Engraving
- Direct Photopolymer Laser Imaging
- Subsurface Laser Engraving
- Microprocessing
- Advanced Processing
- Others
By End-user Industry:
- Microelectronics
- Flat-panel Display (FPD)
- Advanced Packaging and Interconnects
- Semiconductor Manufacturing
- Micromachining
- Aerospace & Defense
- Laser Defense System Technology
- Laser Radar (LiDAR)
- Medical & Life Sciences
- Laser Vision Correction
- Confocal Microscopy
- Optogenetics
- Others
- Automotive
- Architecture
- Machine Tools
- Others (Glass, Wood, Plastics, and Tobacco)
By Region:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest of Europe (Italy, Russia, Austria, Netherlands, Denmark, Switzerland, Slovenia, Sweden, Finland, Norway, Romania, Bulgaria, Spain, and Poland)
- Asia Pacific (APAC)
- China
- Japan
- South Korea
- India
- Rest of Asia Pacific (Australia, Taiwan, Indonesia, the Philippines, and Singapore)
- Rest of the World (RoW)
- Middle East & Africa
- South America
Laser processing market in APAC is projected to grow at highest CAGR during forecast period
Key players operating in the laser processing market include Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), Jenoptik (Germany), Lumentum (US), Gravotech (France), LaserStar (US), Lumibird (France), and Epilog Laser (US). Most of these companies focus on organic and inorganic growth strategies, such as product launches & developments, mergers & acquisitions, agreements, contracts, partnerships, collaborations, and expansions, to increase their revenue.
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