Global Laser Marking Machine Market Size to Exceed USD 5.8 Billion By 2032 | CAGR of 7.5%
Category: Semiconductors & ElectronicsGlobal Laser Marking Machine Market Size to Exceed USD 5.8 Billion By 2032
According to a research report published by Spherical Insights & Consulting, the Global Laser Marking Machine Market Size is to Grow from USD 2.8 Billion in 2022 to USD 5.8 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 7.5% during the projected period.
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Browse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the "Global Laser Marking Machine Market Size, Share, and COVID-19 Impact Analysis, By Laser Type (Solid-State Laser, Diode laser, Fiber Laser, & Others), By Offerings (Services, Hardware, Software, & Others), By end user (Aerospace and Military, Electronics and Microelectronics, Automotive), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." Get Detailed Report Description Here : https://www.sphericalinsights.com/reports/laser-marking-machine-market
A laser marking machine is a mechanical device that imprints laser markings or drawings on a surface permanently. A focused light beam emitted by a fibre, green, YAG, ultraviolet (UV), or CO2 laser creates markings. Since this beam focuses on a single point, the machine can create precise, high-quality, and high-contrast markings. Text for serial numbers, machine-readable data for barcodes, unique identification codes, matrix codes, and artwork are all examples of common marks. Etching is commonly used on steel, titanium, aluminum, copper, ceramic, plastic, wood, glass, and paper. Laser marking systems outperform traditional material marking techniques in terms of accuracy, readability, labor cost, and loss. When compared to traditional marking systems such as dot peen marking, laser marking systems are extremely fast. Rapid global industrialization, accompanied by increased automation in the manufacturing sector, is one of the primary drivers driving market expansion. Technological breakthroughs, such as the development of green-laser marking equipment, are also growth drivers. However, high development costs are a major factor that may stymie this market's growth. Rising demand for bespoke marking and engraving, as well as increased automation throughout the manufacturing process, are the primary reasons producing potential for market participants.
The fiber laser segment is expected to grow fastest in the global laser marking machine market during the forecast period.
Based on laser type, the laser marking machine market has been segmented into solid-state laser, diode laser, fiber laser, & others. Among these, the fiber laser segment is expected to grow fastest in the global laser marking machine market during the forecast period. Fiber laser marking machines are extremely versatile, efficient, and reliable. Fiber Optics is used to deliver the laser beam, allowing for high-speed and precise marking of materials such as metals, plastics, and ceramics. Because of their high processing speed, low maintenance costs, and long service life, fiber laser marking machines are in high demand.
The services segment is expected to grow at the highest pace in the global laser marking machine market during the anticipated period.
Based on the offerings, the global laser marking machine market is divided into services, hardware, software, & others. Among these, the services segment is expected to grow at the highest pace in the global laser marking machine market during the anticipated period. Companies and their channel partners offer both pre- and post-sales services to help with the installation and operation of laser marking systems. Several services are available for laser marking systems throughout their lifecycle, including machine setup and installation, lifecycle services, maintenance services, spare parts supply and upgrade, and support.
The automotive segment is expected to grow at the highest pace in the global laser marking machine market during the forecast period.
Based on the end user, the global laser marking machine market is divided into aerospace and military, electronics and microelectronics, automotive. Among these, the automotive segment is expected to grow at the highest pace in the global laser marking machine market during the forecast period. The use of laser marking machines in the automotive industry has become critical for marking parts such as engine components, transmission components, brake systems, and chassis components. This is because laser marking machines can create high-precision, long-lasting markings that can withstand harsh environmental conditions such as extreme temperatures, abrasion, and corrosion.
Asia-Pacific dominates the market with the largest market share over the forecast period.
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Asia-Pacific is projected to hold the largest share of the global laser marking machine market over the forecast period. Over the forecast period, Asia-Pacific is expected to have the largest share of the global laser marking machine market. This market dominance can be attributed to the increasing adoption of laser marking technology in emerging markets such as China and India, where manufacturing sectors are rapidly expanding.
North America is expected to grow the fastest in the global laser marking machine market during the anticipated time frame. Laser marking machines are becoming increasingly common in the region for marking and engraving different components and parts due to their superior precision, durability, and flexibility. Furthermore, the region's growing use of automation in manufacturing processes is expected to fuel demand for laser marking machines.
Major vendors in the global surgical mask market are Coherent, Inc., TRUMPF, Han’s Laser Technology Co., Ltd., Gravotech Marking, IPG Photonics Corp., 600 Group, Danaher Corp., Novanta Inc., KEYENCE Corp., Huagong Tech Co., Ltd., Trotec Laser, Epilog Laser, MECC, & Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In July 2022, Hitachi Industrial Equipment Systems Co., Ltd. announced the acquisition of Telesis Technologies Inc., a leading U.S.-based manufacturer specializing in laser-based marking equipment. Hitachi has expanded its presence in the marking equipment market and strengthened its operations in North America as a result of this strategic move.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Laser Marking Machine Market based on the below-mentioned segments:
Laser Marking Machine Market, Laser Type Analysis
- Solid-State Laser
- Diode laser
- Fiber Laser
- Others
Laser Marking Machine Market, offering Analysis
- Services
- Hardware
- Software
- Others
Laser Marking Machine Market, End User Analysis
- Aerospace and Military
- Electronics and Microelectronics
- Automotive
Laser Marking Machine Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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