How Has The Industrial Laser System Market Size Evolved In Recent Years?
The industrial laser system market has seen considerable growth due to a variety of factors.
• The market size for industrial laser systems has seen a significant expansion in recent years. It's projected to expand from $25.39 billion in 2024 to $28 billion in 2025, with a compound annual growth rate (CAGR) of 10.3%.
The increase during the historic period was primarily due to factors such as material processing applications, heightened manufacturing automation, medical and scientific applications, a surge in 3D printing, and military and defense applications.
How Will the Industrial Laser System Market Size Evolve over the Forecast Period?
The industrial laser system market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience swift expansion in the forthcoming years, the market size of the industrial laser system is predicted to reach $42.23 billion by 2029, showing a compound annual growth rate (CAGR) of 10.8%.
This forecasted growth is tied to the rising adoption in electronics construction, increasing demand for laser carving in the automobile sector, the broadening of the aerospace industry, the surge in the manufacturing of medical instruments, and the progress made in high-powered laser systems. The forecast period will see major trends like its integration with Industry 4.0, strides in fibre laser technology, the introduction of laser technology, a rise in fibre laser technology, and applications of laser cleaning.
What Key Factors and Trends are Driving the Growth of the Industrial Laser System Market?
The upward trend in industrial automation is anticipated to foster the expansion of the industrial laser system market. Automation pertains to the use of diverse technology applications to limit human intervention in operations. It has amplified the demand for highly precise industrial laser systems for various uses. Automated laser systems merge vision and motion technologies to perform precise and top-notch work. The growing trend of industrial automation for enhanced productivity, superior efficiency, and precision is leading to the implementation of industrial laser systems. For example, in December 2023, Formstack, a U.S. software firm, reported that 76% of companies employ automation for daily workflow automation, 58% utilise it for planning through data and reporting automation, and 36% of firms use it for regulatory compliance. Consequently, the escalating trend of automation in industries will propel the growth of the industrial laser system market.
What Key Areas Define The Segmentation Of The Global Industrial Laser System Market?
The industrial laser system market covered in this report is segmented –
1) By Type of Laser: Fiber, Solid-State, CO2, Other Types
2) By Type: Macro Processing, Micro Processing
3) By Power: Less Than 1 kW, More Than 1.1 kW
4) By Application: Cutting, Welding, Marking, Drilling, Other Applications
5) By End Use Industry: Semiconductor And Electronics, Automotive, Aerospace And Defense, Medical, Other End-Use Industries
Subsegments:
1) By Fiber: Continuous Wave Fiber Lasers, Pulsed Fiber Lasers
2) By Solid-State: Nd Lasers, Other Solid-State Laser Types
3) By CO2: RF Excited CO2 Lasers, DC Excited CO2 Lasers
4) By Other Types: Diode Lasers, Excimer Lasers, YAG Lasers, Ultrafast Lasers
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How Are Emerging Trends Reshaping The Dynamics Of The Industrial Laser System Market?
Some of the leading corporations in the industrial laser systems market are developing and implementing cutting-edge technologies such as femtosecond laser fiber inscription grating technology. This advanced technology optimizes the manufacturing precision and boosts the performance of several applications. This technology uses extremely brief laser pulses in the realm of femtoseconds to craft accurate structures and patterns in optical fibers, thus upgrading their application in telecommunications and sensor technologies. To illustrate, BWT Beijing Ltd – a Chinese firm specializing in the production of high-efficiency diode laser components and subsystems – introduced the Thunder 200kW industrial-grade fiber laser in August 2024. This ultra-high-power industrial fiber laser integrates innovative technologies such as Circulating Tumor Cell (CTC) chip incorporation, femtosecond laser fiber inscription grating, and ultra-high-power beam – all aimed at enhancing ultra-thick metal plate processing and aiding in the evolution and modernization of conventional manufacturing methods.
Who Are the Key Players in the Industrial Laser System Market?
Major companies operating in the industrial laser system market include:
• Fanuc Corporation
• The TRUMPF Group
• Newport Corporation
• COHERENT Inc.
• Amonics Ltd.
• Amada Co. Ltd.
• DMG Mori Co. Ltd.
• Han's Laser Technology Co. Ltd.
• IPG Photonics Corporation
• NKT Photonics A/S
• Bystronic Laser AG
• Jenoptik AG
• Sodick Co. Ltd.
• Mazak Corporation
• Prima Industrie SpA
• Trodat Trotec Holding GmbH
• nLIGHT Inc
• Universal Laser Systems
• Epilog Laser Corporation
• CY Laser SRL
• ACSYS Lasertechnik Inc.
• Calmar Laser
• Apollo Instruments Inc.
• Quantel Group
• ROFIN-LASER GmbH
• ALPHA LASER GmbH
• Penta Laser Technology Co. Ltd.
• GSI Group\
What Is The Most Dominant Region In The Industrial Laser System Market?
North America was the largest region in the industrial laser system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial laser system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
