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Laser Marking Market worth $7.41 billion by 2030, growing at a CAGR of 9.59% - Exclusive Report by 360iResearch
Laser Marking Market | 360iResearch
The Global Laser Marking Market to grow from USD 3.90 billion in 2023 to USD 7.41 billion by 2030, at a CAGR of 9.59%.
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The laser marking market comprises sales and services related to laser marking systems, which mark or label products and workpieces with a laser beam. In various industries, laser marking is considered a reliable, precise, and permanent method to imprint serial numbers, barcodes, and complex graphics directly on the surface of an item. Factors contributing to the development of the laser marking market include the rising demand for high-quality and authentic product marking, anti-counterfeiting measures, the development of end-use industries, and technological advancements in laser technology. Additionally, stringent government regulations regarding product traceability have compelled various industries to adopt laser marking systems, further increasing the market's growth. However, the high initial cost of equipment, the need for skilled technicians, and safety issues about laser exposure hinder the utilization of the laser marking machines. Also, the potential for competition from alternative marking technologies, such as inkjet printing and etching, poses a challenge to the laser marking industry. The latest opportunities in the laser marking market lie in developing new laser sources, such as UV and green lasers, which better mark heat-sensitive and complex materials. The shift towards Industry 4.0 and integrating IoT with laser marking systems for improved traceability and data logging presents futuristic market prospects. Expansion in emerging markets and the untapped potential in small and medium-sized enterprises can also be seen as a realm of opportunity.
In the Americas, the United States stands as a significant market for laser marking due to its advanced manufacturing sector and stringent regulatory requirements for product traceability. These markets, including Canada, invest in precision-focused laser marking solutions to meet demands across aerospace, automotive, and healthcare industries. Investments and initiatives such as the Advanced Manufacturing Partnership (AMP) underscore a commitment to innovation, with businesses emphasizing integrated solutions and services. Europe's laser marking market is molded by a strong emphasis on industrial standards and traceability, particularly in medical devices, automotive, and electronics. Compliance with EU regulations and a preference for connectivity and data capabilities highlight the alignment with Industry 4.0 concepts. Recent patents suggest a pivot toward sustainable marking solutions, supported by investments in digitalization and eco-friendly manufacturing under initiatives such as Horizon Europe. Furthermore, the Asia-Pacific region's laser marking market is burgeoning, propelled by the industrial ascendancy of China, Japan, and India. Mass production and exports in China necessitate efficient marking systems, particularly for QR codes and other identification methods. Japan's precision engineering and electronics sector demand high-accuracy laser marking systems. Meanwhile, India's growing manufacturing base is becoming increasingly aware of the benefits of laser marking for quality control and anti-counterfeiting measures. Moreover, the Middle East has an increasing demand for laser-marked products due to an expanding manufacturing sector and moves to diversify economies away from oil dependency. Africa is an emerging player, with key markets slowly adopting laser marking solutions for product identification and traceability, primarily driven by foreign investment and industrial development projects.
Market Segmentation & Coverage:
This research report categorizes the Laser Marking Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Hardware, Services, and Software. The Hardware is further studied across Conventional Lasers Marking and Turnkey Lasers Marking. The Hardware commanded largest market share of 70.62% in 2023, followed by Services.
Based on Material, market is studied across Ceramics, Glass, Metal, Paper, and Plastic. The Metal commanded largest market share of 42.12% in 2023, followed by Plastic.
Based on Laser Type, market is studied across CO2 Laser, Diode Laser, Fiber Laser, and Solid-State Laser. The Fiber Laser commanded largest market share of 27.23% in 2023, followed by Diode Laser.
Based on Method, market is studied across Ablation, Annealing, and Engraving. The Engraving commanded largest market share of 37.12% in 2023, followed by Annealing.
Based on Product Type, market is studied across Fixed and Portable. The Fixed commanded largest market share of 76.38% in 2023, followed by Portable.
Based on Machine Type, market is studied across 2D Laser Marking and 3D Laser Marking. The 2D Laser Marking commanded largest market share of 66.74% in 2023, followed by 3D Laser Marking.
Based on Wavelength, market is studied across 300-400nm, 400-500nm, 500-600nm, 600-1000nm, Above 1000nm, and Less than 300nm. The 400-500nm commanded largest market share of 24.17% in 2023, followed by 500-600nm.
Based on Optical Power Input, market is studied across 25 - 80 watt, 80-100 watts, Above 100 watts, and Less than 25 watt. The 25 - 80 watt commanded largest market share of 27.18% in 2023, followed by Less than 25 watt.
Based on Application, market is studied across Bar Codes, Date Codes, Logos, Part Numbers, and QR Codes. The Part Numbers commanded largest market share of 23.22% in 2023, followed by Logos.
Based on End-use Industry, market is studied across Aerospace & Defense, Automotive, Healthcare, Machine Tools, Packaging, and Semiconductor & Electronics. The Semiconductor & Electronics commanded largest market share of 24.36% in 2023, followed by Machine Tools.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.52% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Laser Marking Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Laser Marking Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Laser Marking Market, highlighting leading vendors and their innovative profiles. These include ACSYS Lasertechnik GmbH, Arihant Maxsell Technologies Private Limited, Beamer Laser Systems by ARCH Global Holdings, LLC, Coherent Corp., Datalogic S.p.A., Domino Printing Sciences PLC, Epilog Laser, Gravotech Marking, Han's Laser Technology Industry Group Co., Ltd., IPG Photonics Corporation, Keyence Corporation, Laser Marking Technologies, LLC, Laserax, LaserStar Technologies Corporation, Macsa ID, S.A., Markem-Imaje by Dover Corporation, MECCO, Novanta Inc., Omron Corporation, Panasonic Holdings Corporation, RMI Laser LLC, Sea Force Co., Ltd., Sushree Laser Pvt. Ltd., Telesis Technologies, Inc. by Hitachi, Ltd., Trotec Laser GmbH, TRUMPF SE + Co. KG, TYKMA, Inc., Videojet Technologies, Inc., and Wuhan HGLaser Engineering Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Laser Marking Market, by Offering
7. Laser Marking Market, by Material
8. Laser Marking Market, by Laser Type
9. Laser Marking Market, by Method
10. Laser Marking Market, by Product Type
11. Laser Marking Market, by Machine Type
12. Laser Marking Market, by Wavelength
13. Laser Marking Market, by Optical Power Input
14. Laser Marking Market, by Application
15. Laser Marking Market, by End-use Industry
16. Americas Laser Marking Market
17. Asia-Pacific Laser Marking Market
18. Europe, Middle East & Africa Laser Marking Market
19. Competitive Landscape
20. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Laser Marking Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Laser Marking Market?
3. What is the competitive strategic window for opportunities in the Laser Marking Market?
4. What are the technology trends and regulatory frameworks in the Laser Marking Market?
5. What is the market share of the leading vendors in the Laser Marking Market?
6. What modes and strategic moves are considered suitable for entering the Laser Marking Market?
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