Laser Processing Market Size, Share, Revenue, Development Strategy, Growth Potential, Analysis and Business Distribution

5 min read

Market Research Future Insights

According to market research and future insights analysis, the global laser processing market is expected to register a CAGR of 9.20% from 2022 to 2030 and hold a value of over ~USD 45.3 Billion by 2030.

The demand for laser processing technologies is experiencing robust growth across various industries driven by their versatility, precision, and efficiency in material processing applications. Laser processing encompasses a wide range of techniques including cutting, welding, marking, engraving, and drilling, which are utilized in industries such as automotive, aerospace, electronics, medical devices, and manufacturing. The automotive industry, for instance, employs laser cutting for shaping and welding for assembly, while the electronics industry utilizes laser marking for product identification and engraving for decorative finishes. Additionally, advancements in laser technology, such as the development of fiber lasers and ultrafast lasers, have expanded the capabilities of laser processing, enabling higher processing speeds, finer details, and processing of a wider range of materials including metals, ceramics, plastics, and composites. Moreover, increasing demand for customization, miniaturization, and lightweight materials in various products is driving the adoption of laser processing for precise and intricate manufacturing processes. As industries continue to seek efficient and cost-effective solutions for complex manufacturing challenges, the demand for laser processing technologies is expected to grow, fostering innovation and driving market expansion.

Laser Processing Market Key Players

·        Altec GmbH

·        Alpha Nov laser

·         Amada Co., Ltd.

·        Bystronic Laser AG

·         Epilog Laser, Inc.

·         Eurolaser GmbH

·         Han’s Laser Technology Industry Group Co., Ltd.

·         IPG Photonics Corporation

·         Newport Corporation (MKS Instruments, Inc.)

·         LaserStar Technologies Corporation

·         Coherent Inc.

·         IPG Photonics Corporation

·        Newport Corporation.

·        Trumpf GmbH + Co. KG

·        Universal Laser Systems, Inc.

·         Xenetech Global Inc.

Get PDF Sample of laser processing market @

Report Scope:

Report Attribute/Metric


  Market Size in 2030

  USD 45.3 Billion

  Growth rate:

  CAGR of 9.20% from 2022 to 2030

  Forecast Period


  Report Coverage

  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

laser processing market USP Covered

Laser Processing Market Regional Analysis

Asia Pacific dominated the market for laser processing in 2021. As more OEMs are in this area, it is anticipated to increase significantly. Furthermore, it is projected that China will become the main market for industrial lasers and micro- and material processing systems. Due to several variables, including an increase in the number of OEMs and the growth of the automobile industry, countries like India, South Korea, Japan, and China are predicted to have substantial growth.

North America is expected to register lucrative growth in the market for laser processing. The adoption of laser processing technology is expected to increase across numerous regions due to government laws relating to permanent and visible markings on consumer items.

Get Complete Report Details of laser processing market @

Laser Processing Market Segmentation

The global laser processing market has been segmented into product, process and application.

Based on product, the market has been segmented into gas, solid-state, fiber, and others. The gas segment accounted for the largest share of the market in 2021. Copper, nitrogen, carbon dioxide, carbon monoxide, argon-ion, and helium-neon lasers are all included in the gas sector. The solid-state section is further divided into Q-switched Nd: YAG lasers, tiny Nd: YAG or Nd: YVO4 lasers that are diode-pumped, and bigger lasers that are end- or side-pumped. On the other hand, the solid-state segment is anticipated to be the fastest-growing segment during the forecast period. This laser generates high-quality continuous and pulsed output while minimizing material waste in the active medium. Solid lasers have several uses, including boring holes in metal, military targeting, and endoscopy.

Based on process, the market has been segmented into material processing, marking and engraving, and micro-processing. Material processing accounted for the laser processing market’s largest revenue share in 2021. This section covers all the key elements of laser and material processing, including hybrid processes, laser beam welding development and application, micro-drilling, surface modifications, cutting and machining, direct manufacturing and forming, micro deposition, and ablation of bulk material and coatings. Besides, the mmarking and engraving category were the fastest-growing segments. Laser processing is useful for mining and drilling operations, particularly for extracting crude oil.

Based on end-user, the market has been segmented into automotive, aerospace, machine tools, electronics and microelectronics, medical, and packaging. The machine tools segment accounted for the largest revenue share in 2021 in the market for laser processing. The machine tools application segment is anticipated to be driven by the growing use of lasers in the industrial sector for various material processing applications, including cutting, welding, drilling, and engraving. Besides, the medical category was the fastest-growing segment. Medical device manufacturing involves welding significantly. Pacemakers, implantable devices, and surgical tools are important medical applications that require ultra-fine wires and non-porous, sterile surfaces used in cardiac procedures.

Check Discount@

Related Reports:

4K Technology Market Research Report- Global Forecast 2030

Wi-Fi Booster Market Research Report- Forecast 2030    

Portable Electronics Market Research Report- Global Forecast 2030         

Walkie Talkie Market Research Report – Forecast till 2030

Smart Wellness Market Research Report – Global Forecast 2030 

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn Twitter


Market Research Future

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Sales: +1 628 258 0071(US)  

+44 2035 002 764(UK)

Email: [email protected]







You May Also Like

More From Author