Laser Processing Market Growth Analysis by 2025


The 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.

Key Players

The market is currently dominated by Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), and Jenoptik (Germany).

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Architecture end-user industry segment to grow at highest CAGR in laser processing market during forecast period

The architecture end-user industry segment is expected to grow at the highest rate. Lasers help architects in creating precise models of buildings. These models are capable of accurately representing the design prior to construction, so that the necessary changes can be made to remove flaws or avoid the effect of climatic conditions, such as rain, heavy storms, and other unavoidable natural circumstances.

Laser Processing Market Trends and Forecasting

Industrial usage of laser beams has been there since the 50s. However, application of this technology in the industrial and commercial aspect is a new development. As the years went by, uses of laser as a versatile, robust and accurate technique started evolving. These features made laser a commonplace in various industrial and commercial manufacturing processes. Some highly popular laser applications include micro-machining, macro-machining, modeling, shaping and sizing objects, precise sculpting, contactless imprinting and sizing of different materials.

The laser processing market is segmented based on the technologies, applications, base materials and geographical demands. Technological segments of this market include Co2, fiber laser, YAG, etc. As far as the applications of laser processing are concerned, the market is segmented based on electronics, medical, machine part making and signage. Basic processes covered in laser processing include drilling, cutting, marking and engraving. The base materials that are used for these techniques mainly include polymers and metals.

As far as forecasting the future trends in Laser Processing Market is concerned, the estimates are positive. The market is showing steady growth since past few years. This steady growth will be evident in the years to come. Increased applications of these techniques will also record increased demands from various geographical locations of the world, including North America, Europe, Asia Pacific and the rest of the world. These are extremely positive prospects for the laser processing industry, which is looking for steady growth in various parts of the world.

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