The Laser for Marking Market Is Expected To Grow From USD 2.9 Billion In 2022 To USD 4.1 Billion In 2027; At A CAGR Of 7.2% From 2022 To 2030.

Lasers for Markin Market Overview:

Laser marking technology is increasingly adopted by various vertical industries due to its cost-effectiveness, product uniqueness and reliability. Authorities are developing protocols for permanent marking on various products for identification, traceability and record keeping purposes, especially in the healthcare and defense sectors. Additionally, the automotive and aerospace industries are widely adopting technology. In the automotive industry, markings are used to engrave serial numbers on tires without altering their construction. Laser marking is considered a universal alternative for marking various aircraft components due to its high durability compared to traditional engraving processes.

Lasers for Markin market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Lasers for Markin market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Segments Covered in the Global Lasers for Markin Market:

Market Key Players:
Synrad (GSI), Coherent, ROFIN, TRUMPF, MILLENNIUM LASERS, KERN TECHNOLOGIES, NLC Laser, And Others.

Lasers for Markin Market by Types:

• Scanning Type, Others

Lasers for Markin Market by Applications:

• Marking Applications, Engraving Applications, Other Applications

Lasers for Markin Market by Regions:

The report estimates revenue growth at the worldwide, regional and country level and delivers analysis of the recent industry trends in each sub-segment from 2017 to 2030.

Asia Pacific accounted for the largest market share of over 40% in 2020 and is expected to dominate the market during the forecast period. China and India are the major contributors to the market growth in this region owing to the increasing adoption of laser marking machines in manufacturing plants in the region. The major drivers for the market growth are the adoption of advanced manufacturing technologies in China's machine tool industry, and the booming aerospace and military industries in the region. Moreover, its continued dominance can also be attributed to rising foreign investments and shifting of manufacturing facilities by many companies to countries such as India and China. For example, the Belt and Road Initiative (BRI) and the Make in India initiative are attracting investments in infrastructure development, which in turn will enhance the manufacturing industry in the country, thereby creating demand for laser marking machines.

Europe was valued at more than $750 million in 2020 owing to the dominance of auto and auto parts manufacturers in countries such as Germany, Europe, Italy, and France. Furthermore, considerable growth in the aerospace and shipping industry is expected to drive the market growth in this region. For example, in December 2018, the UK government agreed to invest around $335 million in the Future of Flight Challenge to support the advancement of aerospace technology.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Drivers:

Compared with traditional material marking technology, laser marking system has higher accuracy, higher readability, lower labor cost and minimal loss. Laser marking systems are extremely fast compared to traditional marking systems such as dot peen marking. They can create a 2D design in about 1 second or less compared to 5 seconds required by dot peen systems, saving a lot of time in factories where many objects need to be marked or engraved. The most common applications for laser marking systems include annealing, carbon migration, foaming and coloring.

Restraints:

Processes, systems and applications require lasers ranging from a few hundred to several kilowatts. High power lasers are used in large laser displays, medical, military, research, laser induced nuclear fusion and materials processing (welding, cutting, drilling, welding, marking and surface modification). Although laser marking helps reduce labor and associated costs in the automotive and manufacturing industries, its deployment requires significant investment

Opportunity:

Recently, advanced laser technologies such as 3D laser marking and hybrid laser marking have been increasingly adopted. The hybrid laser marking machine is a high-speed laser ideal for applications that require a high degree of versatility on marking materials, from plastics to metals. Hybrid marking lasers are characterized by their peak power and extremely short pulse durations. Due to the power range of the hybrid laser marking machines, all types of permanently marked finishes are possible. Companies such as KEYENCE, Gravotech and GCC are offering hybrid laser markers.

Challenge:

The use of high-power lasers presents several challenges. The main challenge is the need for one or more powerful pump sources as diode-pumped lasers to achieve high output power in CW operation. Another technical challenge is the requirement for an efficient wall plug for long-term CW operation. This is due to the inability to achieve efficiency at high power levels. High-power lasers also exhibit nonlinear effects such as Raman scattering, Brillouin scattering, and four-wave mixing.

Report Scope of Global Lasers for Markin Market:

Report Attributes	Details
Growth Rate	CAGR of 7.2% from 2022 to 2030.
By Type	Scanning Type, Others
By Application	Marking Applications, Engraving Applications, Other Applications
By Companies	Synrad (GSI), Coherent, ROFIN, TRUMPF, MILLENNIUM LASERS, KERN TECHNOLOGIES, NLC Laser
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the Market are discussed in detail wherein the different end users of the Market are explained in detail.
• Data and information by Market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the Market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Frequently Asked Questions-

What is the CAGR of Lasers for Markin market?

The Lasers for Markin Market is growing at a CAGR of 7.2% During Forecast Period.

 What are the key types of Lasers for Markin market?

Scanning Type, Others

What are the key applications of Lasers for Markin market?

Marking Applications, Engraving Applications, Other Applications 

Who are the key players in Lasers for Markin market?

Synrad (GSI), Coherent, ROFIN, TRUMPF, MILLENNIUM LASERS, KERN TECHNOLOGIES, NLC Laser, And others.

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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.